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】Three stock indexes rose after congress passed long-awaited Covid stimulus deal

【TOP1 Morning】Three stock indexes rose after congress passed long-awaited Covid stimulus deal

The White House confirmed that US President Trump signed the US$900 billion COVID-19 assistance bill and the US$1.4 trillion federal spending bill. After the news was released, the three major US stock index futures reversed the downward trend at the opening.

TOPONE Markets Analyst
2020-12-28
766

sunrise-3053447_1920-1.jpg


Gold: Gold futures moved higher on Friday.


New York Mercantile Exchange Comex branch February gold futures, as of the deadline, the transaction price rose 0.26%, trading at USD1,882.90 per troy ounce. The previous high was USD1886.40 per troy ounce. Gold is expected to find support at USD1859.00, and USD1912.00 will meet resistance.


 Comex silver's March transaction price rose 0.08% to USD25.942 per troy ounce; March copper transaction price rose 0.42% to USD3.5710 per pound.


2020 is a very positive year for gold, with prices rising by more than 22% since the beginning of the year. Gold futures on the New York Mercantile Exchange in February are currently trading at US$1,882.50 per ounce, up 0.23% on the day.


Analysts are still optimistic about the price of gold, and many expect it to hit a new high next year.

Edward Moya, senior market analyst at OANDA, told Kitco News that one of the key levels of gold prices next year is $2,300.


Forex: The US dollar rose slightly on Thursday.


The pound rose amid a light holiday trade, and the UK and the EU reached a post-Brexit trade agreement earlier, increasing the hope that the UK can avoid leaving the EU in a turbulent manner at the end of the year.


The US dollar index rose slightly to 90.33. This week, the U.S. dollar index rose 0.4%, its biggest weekly gain since mid-November. However, so far this year, the U.S. dollar has fallen by 6.4%, which is its worst annual performance since 2017.


The British pound rose to 1.3620 US dollars against the US dollar. It rose 0.3% in late trading to $1.3544 and is expected to rise to a two-and-a-half-year high above $1.3625.


The pound against the euro also rose to a three-week high of 0.8954 pounds. The euro fell against the pound in late trading0.4% to 0.8995 pounds.


The Australian dollar rose 0.3% to US$0.75599; the New Zealand dollar rose 0.2% to US$0.7109.


Crude oil: Crude oil futures rise during European trading hours.


New York Mercantile Exchange February crude oil futures, the transaction price rose by 0.37% before the deadline, trading at USD48.30 per barrel. The previous high point was USD48.61 per barrel. Crude oil is expected to find support at USD46.16 and USD49.28 will meet resistance.


The March transaction price of Nymex Brent crude oil rose by 0.25% to USD51.37 per barrel; while the contract price of Brent crude oil and crude oil was set at USD3.07 per barrel.


US stocks: The three major US stock indexes all rose.


Trump has signed a 900 billion dollar aid bill. After the news was released, the three major US stock index futures reversed the downward trend at the opening. US S&P 500 index futures rose 0.31% to 3,706.38 points; Dow Jones 30 index futures rose 0.22% to 3,0174.0 points; Nasdaq 100 index futures rose 0.27% to 12,739.25 points.



Previous
Next

Bonus rebate to help investors grow in the trading world!

Need Assistance?

7×24 H

Download the APP for Free