We recently noticed that some third-party companies and individuals impersonated the TOPONE Markets brand and illegally misappropriated our trademarks.

We Hereby Reiterate Our Statement:

  • TOPONE Markets does not provide discretionary account operation trading services, nor does it cooperate with other third-party vendors and/ or agents to provide such services.
  • TOPONE Markets staff will not promise to our customer the definite profit, please do not trust any kind of the profit promise or profit related picture, such as screenshot/ chat history, etc, all investment profit can be only viewed on our official website and application.
  • TOPONE Markets is a professional online trading platform with low spreads and zero handling fees. Be wary of any behavior that asks you for any fees directly and privately. TOPONE Markets does not charge a fee at any stage of its trading process or other fee.

If you have any questions or concerns, please feel free to reach us by clicking the "Online Customer Support" or send an email to our customer care team cs@top1markets.com. We will answer your questions and assist you promptly.

Understood
We use cookies to learn more about how you use our website and what we can improve. Continue to use our website by clicking "Accept". Details
Market News 【TOP1 Morning】U.S. dollar breaks two-year low The rescue plan is good for the three major U.S. stock indexes soaring

【TOP1 Morning】U.S. dollar breaks two-year low The rescue plan is good for the three major U.S. stock indexes soaring

The US dollar index fell to 89.723 as low as Thursday, falling below 90 for the first time since April 2018, and fell 0.50% to 89.795 in late trading.

TOPONE Markets Analyst
2020-12-18
661

sunrise-3053447_1920-1.jpg


Gold: The price of gold rose more than 1% to a monthly high.


The U.S. dollar fell in response to market expectations that the coronavirus rescue agreement was about to be reached and the Federal Reserve pledged to inject more cash and keep interest rates low.


Spot gold closed at US$1,885.27 per ounce, up US$20.62 or 1.11%. It hit a one-month high of US$1,896.14 per ounce and the lowest hit US$1,861.92 per ounce.


COMEX February gold futures closed up 1.7%, at $1,890.40 per ounce, a record high since the beginning of January.


Crude oil: The two major crude oil futures continued their upward trend this week.


US WTI crude oil January futures closed up 74 cents, or 1.55%, to US$48.36 per barrel; Brent crude oil February futures also closed up 74 cents, or 1.46%, to US$51.50 per barrel. On the previous trading day, U.S. oil closed up 20 cents, or 0.42%, to $47.82 per barrel; Bulk Oil closed up 32 cents, or 0.63%, to $51.08 per barrel.


Forex: The US dollar fell to its lowest level in more than two years.


The US dollar index fell to 89.723 as low as Thursday, falling below 90 for the first time since April 2018, and fell 0.50% to 89.795 in late trading.


As the U.S. dollar continues to fall, many investors are focusing on Bitcoin. Bitcoin jumped 10.5% to a record high of $23,777, bringing its gains this year to more than 220%. In late trading, Bitcoin rose 5% to $22,414.


The pound slashed its gains against the dollar after British Prime Minister Johnson expressed doubts about the possibility of a Brexit trade agreement.


In the early trading on Thursday, optimism that the EU and the UK will finally reach a post-Brexit trade agreement boosted the pound. The pound rose to $1.3625 against the U.S. dollar, the highest level since May 2018, but it has since given up. Part of the increase.


The pound was up 0.50% against the dollar in New York late in trading to $1.3578.


US stocks: The three major US stock indexes all hit new highs on Thursday.


Because there was more news earlier that Washington politicians are about to reach an agreement on a new round of stimulus package.


The Dow Jones Industrial Average closed up 148.83 points, or 0.49%, to 30,303.37 points; the S&P 500 index closed up 21.31 points, or 0.58%, to 3,722.48 points; the Nasdaq Composite Index closed up 106.56 points, or 0.84%, to 30,303.37 points. 12764.75 points.


Previous
Next

Bonus rebate to help investors grow in the trading world!

Need Assistance?

7×24 H

Download the APP for Free