Please note that you are entering the site for INFINOX Limited in Mauritius, who is regulated by The Financial Services Commission of Mauritius.
By clicking Continue, you acknowledge the information below.
Protection you will lose
You will fall outside of the EU's regulatory regime - MiFID II.
You will therefore lose all protections afforded under EU regulation and law.
Under FSC Regulation, we will provide the following protections:
Best Execution - We’ll maintain our commitment to act honestly, fairly and in the best interests of all our clients in order to offer the best possible execution.
Segregated Account - Your funds will be kept in a segregated account at all times under the FSC’s Client Money rules.
Balance Protection - We will continue to protect your account from a negative account balance.
Welcome to INFINOX Limited
You confirm that you wish to continue to open an account with INFINOX Limited in Mauritius, who is regulated by The Financial Services Commission of Mauritius.
By clicking continue, you acknowledge that you will not receive the protections that you would normally be afforded under EU regulation.
CONTINUE
LEAVE WEBSITE
Welcome to INFINOX Limited
This website does not provide services to UK Clients.
LEAVE WEBSITE
Equity Markets Exhibit Persistence, Dow, Nasdaq and Gold Navigate Through Mixed Signals
In a testament to its enduring resilience, the S&P 500 index carved out an eighth straight day of gains, despite a modest uptick, while the Nasdaq Composite marginally retreated by 0.1%, and the Dow Jones Industrial Average edged down by 0.2%, shedding 80 points.
In a testament to its enduring resilience, the S&P 500 index carved out an eighth straight day of gains, despite a modest uptick, while the foreNasdaq Composite marginally retreated by 0.1%, and the Dow Jones Industrial Average edged down by 0.2%, shedding 80 points. The broader market’s performance mirrored a chess game of strategic moves, balancing losses and wins with the skill of seasoned players, as the S&P 500 built on its longest win streak since 2021.
Key Takeaways:
S&P 500’s Persistent Rally: The S&P 500’s series of gains, marking the most extended rally in two years, reflects a cautiously optimistic sentiment among investors. With a rebound from previously oversold positions, the market is tuning into the Federal Reserve’s policy signals and economic stability prospects.
Corporate Earnings Influence: Earnings season has been a mixed bag with Rivian’s 2.4% slide post-earnings, Robinhood’s 14.3% tumble on trading volume declines, and Warner Bros. Discovery’s near 19% drop. Conversely, Roblox’s shares surged 11.8% on strong earnings, reflecting the critical impact of individual corporate narratives.
Disney’s Earnings Surprise: Disney’s financial announcement was a spotlight event, with the company’s earnings per share (EPS) beating the expected 70 cents at 82 cents, though revenue fell slightly short at $21.24 billion versus the anticipated $21.33 billion. Notably, Disney’s share price enjoyed a post-earnings uptick of over 3% after hours, highlighting investor enthusiasm in the wake of the report.
Mortgage Market Fluctuations: Mortgage rates experienced a significant drop, with the average 30-year fixed-rate falling to 7.61% from 7.86%. This decrease spurred a modest 2% increase in refinancing applications, signalling a market that is sensitive to even the slightest fiscal easing.
Commodity Spotlight – Gold: Gold (XAU/USD) faced downward pressure, gravitating towards a pivotal $1950 support level. Traders are eyeing resistance levels at $1969, $1980 and the crucial $2000 mark, while support notches at $1955, $1932, and $1900 are deemed significant footholds that could dictate future price trajectories.
The currency markets continue to exhibit a blend of resilience and susceptibility to the undercurrents of shifting monetary policy and corporate earnings outcomes. The U.S. dollar’s performance has been uneven, reflecting a complex interplay of factors ranging from Federal Reserve policy expectations to real-time economic data.
Trading Strategies:
Equity traders may look to strike a balance between caution and optimism, with a keen focus on the Federal Reserve’s next policy moves. In the FX market, strategists might target a more thorough approach to the dollar’s fluctuation, considering the potential for currency volatility caused by economic data releases.
For commodities like gold, attention to the established resistance and support levels could guide trading decisions, with the understanding that these benchmarks often signal pivotal moments for price movements.
In conclusion, the financial market’s narrative ties together strategic market advances, individual stock stories and the relationship between equity, foreign exchange and commodity markets. Investors and traders are poised to pivot with agility as each new piece of economic data and corporate development emerges, with the overarching aim of capitalising on the opportunities in this dynamic landscape.
This material is for general information purposes only and is not intended as (and should not be considered to be) financial, investment or other advice on which reliance should be placed. INFINOX is not authorised to provide investment advice. No opinion given in the material constitutes a recommendation by INFINOX or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person.
UK jobs data released today showed a surprise increase in wages, which boosted the odds of another 25 basis point rate hike by the Bank of England (BoE) to 90%.
en
IX Intel
Equity Markets Exhibit Persistence, Dow, Nasdaq and Gold Navigate Through Mixed Signals
In a testament to its enduring resilience, the S&P 500 index carved out an eighth straight day of gains, despite a modest uptick, while the Nasdaq Composite marginally retreated by 0.1%, and the Dow Jones Industrial Average edged down by 0.2%, shedding 80 points.
In a testament to its enduring resilience, the S&P 500 index carved out an eighth straight day of gains, despite a modest uptick, while the foreNasdaq Composite marginally retreated by 0.1%, and the Dow Jones Industrial Average edged down by 0.2%, shedding 80 points. The broader market’s performance mirrored a chess game of strategic moves, balancing losses and wins with the skill of seasoned players, as the S&P 500 built on its longest win streak since 2021.
Key Takeaways:
FX Today:
The currency markets continue to exhibit a blend of resilience and susceptibility to the undercurrents of shifting monetary policy and corporate earnings outcomes. The U.S. dollar’s performance has been uneven, reflecting a complex interplay of factors ranging from Federal Reserve policy expectations to real-time economic data.
Trading Strategies:
Equity traders may look to strike a balance between caution and optimism, with a keen focus on the Federal Reserve’s next policy moves. In the FX market, strategists might target a more thorough approach to the dollar’s fluctuation, considering the potential for currency volatility caused by economic data releases.
For commodities like gold, attention to the established resistance and support levels could guide trading decisions, with the understanding that these benchmarks often signal pivotal moments for price movements.
In conclusion, the financial market’s narrative ties together strategic market advances, individual stock stories and the relationship between equity, foreign exchange and commodity markets. Investors and traders are poised to pivot with agility as each new piece of economic data and corporate development emerges, with the overarching aim of capitalising on the opportunities in this dynamic landscape.
This material is for general information purposes only and is not intended as (and should not be considered to be) financial, investment or other advice on which reliance should be placed. INFINOX is not authorised to provide investment advice. No opinion given in the material constitutes a recommendation by INFINOX or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person.
All trading carries risk.
Share this: