CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Morning wrap (29.07.2021)

06:48 29 July 2021
  • US indices finished yesterday's trading mixed. S&P 500 dropped 0.02%, Dow Jones moved 0.36% lower while Nasdaq and Russell 2000 gained 0.70% and 1.51%, respectively

  • Gains can be spotted all across the Asia-Pacific region today. S&P/ASX 200 gains 0.5%, Nikkei adds 0.6% and Kospi trades 0.1% higher. Major indices from China gain 0.6-3.5%

  • DAX futures point to a slightly lower opening of the European session

  • Fed kept rates and size of QE unchanged. There was no mention of taper talk in statement and Powell repeated that inflation is largely transitory

  • According to CNBC report, China does not have plans to ban Chinese companies from listing on US exchanges

  • New US bipartisan infrastructure bill includes higher taxes and regulations for cryptocurrencies

  • Disney decided to reimpose mask mandate in its theme parks in California and Florida. Twitter closed offices in San Francisco and New York. Apple will require masks to be worn in the majority of its US stores.

  • Facebook reported Q2 EPS at $3.61 (exp. $3.03) and revenue at $29.08 billion (exp. $27.89). Number of daily active users remained unchanged at 1.91 billion while the number of monthly active users dropped from 2.91 to 2.90 billion, as expected.

  • Bitcoin trades in the $40,000 area

  • Precious metals, oil and industrial metals trade higher

  • GBP and CAD are the best performing major currencies while USD and EUR lag the most

Gold benefits from the post-FOMC weakness of the US dollar. Precious metal is trading 0.7% higher and tests 200-session moving average in the $1,820 area. Source: xStation5

This content has been created by X-Trade Brokers Dom Maklerski S.A. This service is provided by X-Trade Brokers Dom Maklerski S.A. (X-Trade Brokers Brokerage House joint-stock company), with its registered office in Warsaw, at Ogrodowa 58, 00-876 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. X-Trade Brokers Dom Maklerski S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.

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