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 U.S. job market is bleak. USD drops to two-week low

U.S. job market is bleak. USD drops to two-week low

On Wednesday (10th) the Federal Reserve made dovish remarks, echoing the urgency of Biden’s $1.9 trillion stimulus plan. Economic data showed that U.S. inflation is still moderate, U.S. Treasury yields have fallen, and the U.S. dollar fell against the British pound and the euro. The decline continued and fell to about a 2-week low.

LEO
2021-02-12
734

bank-note-941246_1920.jpg


The US dollar index fell 0.1% to 90.377, closing down for the third consecutive trading day. To

The dollar rose 0.02% against the yen to 104.59; the euro fell 0.01% against the dollar to 1.2115; the pound fell 0.01% against the dollar to 1.3826.


The monthly increase rate of core CPI in the United States reported 0% in January, which was lower than expected 0.2%, and the previous value was 0.1%; the monthly increase rate of CPI in the United States reported 1.4% in January, which was lower than expected 1.5%, and the previous value was 1.4%.


Bitcoin hit $48,481.45 in intraday trading, breaking a record high and continuing to approach the $50,000 mark. In late trading, it rose 6.3% to $47,685. Earlier news reported that BNY Mellon had become the latest company to support cryptocurrency.


Seek an average 2% inflation

Powell said at the Economic Club of New York yesterday: “We are explicitly seeking to achieve an average inflation of 2%. The Fed will keep employment and inflation levels above target levels in the short term. Appropriate monetary policy may focus on Make inflation moderately higher than 2% for a period of time. We will not tighten monetary policy just to respond to a strong labor market.”


In the week ending February 6, the number of initial jobless claims decreased by 19,000 to 793,000 after seasonal adjustment. Economists interviewed by Reuters had previously predicted that the number of initial jobless claims last week was expected to be 757,000. The data for the previous week was revised to 33,000 more than originally announced. Joe Manimbo, senior market analyst at Western Union Business Solutions, said: "The slow rate of improvement in the job market justifies the Fed's dovish tendencies. This tendency may make the dollar weaker in the short term."



Previous
Next

Bonus rebate to help investors grow in the trading world!

Need Assistance?

7×24 H

Download the APP for Free