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

Trader Affiliates

Market News EUR/USD Fails To Approach 1.1000 As The USD Index Attempts To Recover, And US Durable Goods Orders Are In Focus

EUR/USD Fails To Approach 1.1000 As The USD Index Attempts To Recover, And US Durable Goods Orders Are In Focus

After failing to surpass the psychological resistance of 1.1000, the EUR/USD has experienced a slight correction. The optimistic performance of the US PMI, as reported by S&P, indicates that the US economic recovery is on track. It is anticipated that the Fed will increase interest rates further to continue stifling inflation.

Daniel Rogers

2023-04-24

9830

EUR:USD.png

During the Tokyo session, the EUR/USD pair failed to test the psychological resistance of 1.1000. The main currency pair fell below 1.0990 as the US Dollar Index (DXY) rebounded after defending the crucial support level of 101.63. In order for investors to have confidence in the USD Index's recovery, it must travel through a number of filters.

Ahead of quarterly results from tech titans, S&P500 futures have extended their losses in early Asian trading, indicating a negative market sentiment. Amazon, Facebook, and Google will release their first quarter CY2023 results this week, keeping investors active.

Friday's release of preliminary S&P PMI data for April in the United States strengthened the case for the Federal Reserve (Fed) to raise interest rates once more. The Manufacturing PMI increased to 50.4 from 49.0 and the previous release of 49.0. The number exceeded 50 for the first time in the previous six months. In addition, the preliminary Services PMI increased to 53.7 from 51.5 and the previous release of 52.6.

The positive performance of the Manufacturing and Services PMIs suggests that the economic recovery in the United States is on track and that labor demand could rebound significantly. As a result, a further rate increase from the Fed is imperative to continue stifling inflation.

On the front of the Eurozone, the European Union is preparing to impose a prohibition on the passage of many products through Russia. The objective is to reduce Russia's ability to acquire arms and ammunition for use against Ukraine.

Vice President of the European Central Bank (ECB) Luis de Guindos stated on Friday, "I'm convinced that core inflation will also decline, but the starting point is quite high."