Gtag:

A Fact sheet on the Key Drivers for the Market Volatility; Sept 8, 2021

A Factsheet on the Key Drivers for the Market Volatility

The Previous trading session was extremely volatile as U.S. dollar appreciated outstandingly against major peer. The most affected pairs were Gold, Silver and BTC. U.S. started the thin vacation on a subdued note but ended it with the lower note. Let me clear it out that fundamentally there was not any negative news in respect to the intense volatility into the FX markets, most possibly mass liquidation looks like the reason behind the tremendous volatility at this point.

Market Movers:

  • BTC cracked more than 18 pct in a single day and touched $42,900 mark, the day when El Salvador became the first country in the world to adopt BTC as a Legal Tender.
  • Several trading platforms were saying they experienced performance issues, although it was not clear if these were a contributor to, or a result of, the volatility.
  • Goldman Sachs cut U.S. GDP forecast in the 4th quarter to 5.5 pct from 6.5 pct previously predicted.
  • Morgan Stanley cut its rating on U.S. stocks to underweight, pointing to risks related to economic growth, policy and legislation, and warning it expects the next two months to be “bumpy.”
  • Australia Dollar was one of the sufferers for unusual market volatility. AUD strengthened sharply after RBA’s Monetary Policy Statement but ended lower at the end of the day.
  • Just like AUD, CAD too heavily sold off by the investors ahead of BOC’s Interest Rate Decision due today.
  • U.S. government bond yields rose for a second straight day on Tuesday. The benchmark 10-year Treasury note rose as high as 1.385% on Tuesday for the first time since mid-July, a climb of almost 6 basis points from Friday’s close.
  • Oil prices fell on Tuesday, pressured by a strong USD and concerns about weak demand in the United States and Asia, although ongoing production outages on the U.S. Gulf Coast capped losses.

Take a look and do trade wisely!

  • Good Luck
  • Tags
    Share on facebook
    Share on linkedin
    Share on twitter
    Share on telegram
    Share on whatsapp
    Unleash Powerful Trading Conditions with TP Global.

    Recent Posts

    Categories

    Offices

    305 Griffith Corporate Park, Beachmont Kingston, Saint Vincent & the Grenadines

    Mail us

    Drop mail at:
    support@tpglobalfx.com

    Contact us

    Call or Whatsapp
    +44 7441 416320

    Risk Warning: Forex and Contracts for Difference (CFDs) are leveraged products. Trading in these products is highly speculative and involves substantial risk. Please note that even knowledgeable and well-experienced investors can experience large potential losses because of trading in Forex and CFDs. Consequently, investors should be fully aware of all the risks involved when trading Forex and CFDs and accept all the negative consequences associated with such trading. Please always remember that trading in Forex and CFDs might not be suitable for all investors. It is desirable investors who would consider trading, to do so only with money that they can afford to lose. You are also recommended to seek independent financial advice if necessary. The content on this website does not constitute financial or investment advice. Any information herein is of a general nature and does not take into consideration your personal circumstances, investment experience or current financial situation. Apple, the Apple logo, iPod, iPad, iPod touch, and iTunes are trademarks of Apple Inc, registered in the US and other countries. iPhone is a trademark of Apple Inc. App Store is a service mark of Apple Inc.

    TP Global FX Limited is registered and regulated by Vanuatu Finance Service Commission (VFSC) with a registration number 40409.

    TP Global Services Limited registered by St. Vincent and the Grenadines with Number 25274 BC 2019. Registered office: Suite 305, Griffith Corporate Centre, Beachmont, P.O.Box 1510, Kingstown Saint Vincent and the Grenadines

    TP Global Fx Africa Limited is incorporated in Federal Republic of Nigeria under the Companies and Allied matters Act 1990 with registration number RC 1674202. The objects of the company are all subject matters not forbidden by Companies and Allied Matters Act 1990. To provide Electronic Platform through which clients can choose currencies, commodities, indexes, CFDs and other leveraged financial instruments to trade.

    TP Global Services Limited is registered with NFA (National Futures Association) USA with Registration Number 0533098.

    mappin at-sign phone close