Please note that you are entering the website of INFINOX LIMITED, License Number GB20025832, regulated by the Financial Services Commission in Mauritius.
BY CHOOSING TO PROCEED YOU WILL LOSE THE FOLLOWING PROTECTIONS:
Protection you will lose
You will fall outside of the EU’S Regulatory regime MiFID II
You will therefore lose all protections available under EU regulation and law
Welcome to INFINOX GLOBAL LIMITED
Please note that you are registering with INFINOX GLOBAL LIMITED, an unregulated entity registered in Anguilla.
UNDER Anguilla we will provide the following protections:
BEST EXECUTUION: We will maintain our commitment to act honestly and fairly and in the best interest of our clients in order to offer the best possible execution.
BALANCE PROTECTION: We will continue to protect your account from negative account balance.
By choosing to proceed you acknowledge that you will lose protections you would normally be afforded under a Regulated entity.
CONTINUE
LEAVE WEBSITE
Welcome to INFINOX Limited
This website does not provide services to UK Clients.
LEAVE WEBSITE
RBA Keeps Rates On Hold, Gold Hits 7-Month Low, Swiss CPI Softer Than Expected
The Reserve Bank of Australia (RBA) kept rates on hold at 4.1% during today’s Asia-Pacific session, as expected. The bank also left the door open to more hikes if necessary. However, the market reaction was a tad surprising, with the AUD seeing a chunky move lower despite no surprises from the bank.
On the commodity side, precious metals continued their recent fall, with gold trading close to a 7-month low. The driver for the downside remains the stronger USD and Treasury yields. Any meaningful recovery in gold will require the USD and yields to take a breather.
Swiss CPI came in softer-than-expected this morning, with the YY headline printing at 1.7% versus forecasts of 1.8%. However, the move from 1.6% to 1.7% is still acceleration and means trading CHF lower is not as attractive as a miss of 1.6% or lower would have been.
Overall sentiment is leaning to the negative side as we start the EU session, with equities, commodities, and high beta FX lower. Markets have a keen focus on this week’s incoming US data, so watching the latest JOLTS release will be important as a driver for short-term vols.
FX TODAY
The JPY is leading the major currencies to the upside after FX comments from Japanese officials. The AUD is the weakest of the majors as base metals take another plunge and the RBA offers no surprises.
The main highlight for today will be the US JOLTS job openings data. With yields very close to new cycle highs and the USD having seen 11 weeks of straight gains, the risk-reward of chasing them higher at these levels is not attractive, even if the data comes in better than expected.
The other asset to watch is gold, as a big miss in the data could give gold a decent nudge higher if both the USD and yields pull back a bit.
The one asset that could be interesting to trade on a really big beat in the JOLTS data is equities, which could see some extension to the downside if the data should surprise meaningfully to the upside.
In summary, the market is in a bit of a negative mood today as we await the US JOLTS job openings data. The USD is still strong, yields are high, and commodities are getting hammered. If you’re looking to trade today, be careful and keep an eye on the JOLTS data.
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.
US markets bounced back sharply on Wednesday, with tech stocks leading the recovery as investors assessed the latest US inflation data and its potential impact on Federal...
US markets experienced a mixed session on Tuesday, with the S&P 500 extending its gains for a second straight day as tech stocks rebounded. Optimism in companies like...
US stocks made a strong comeback on Monday, with the Dow Jones Industrial Average soaring nearly 500 points, recovering from Wall Street’s worst week of 2024. Investors w...
Level up your trading activity - discover the INFINOX experience today.
Research & Insights
Our research will arm you with everything that you need to know to make the most of your financial trading opportunities. Our proprietary mobile app delivers real-time insights on CFD stock performance and stock trading opportunities.
Curated especially for new traders. Our educational suite is an essential toolkit to getting started with your trading journey. Before trading spread bets and CFDs, it's crucial to understand whether you understand how CFDs work and their associated risks.
Stay abreast with the newest developments at INFINOX. Discover all our latest news and announcements. Our CFD trading platforms have been recognized in the trading industry for excellence and innovation.
RBA Keeps Rates On Hold, Gold Hits 7-Month Low, Swiss CPI Softer Than Expected
The Reserve Bank of Australia (RBA) kept rates on hold at 4.1% during today’s Asia-Pacific session, as expected. The bank also left the door open to more hikes if necessary. However, the market reaction was a tad surprising, with the AUD seeing a chunky move lower despite no surprises from the bank.
On the commodity side, precious metals continued their recent fall, with gold trading close to a 7-month low. The driver for the downside remains the stronger USD and Treasury yields. Any meaningful recovery in gold will require the USD and yields to take a breather.
Swiss CPI came in softer-than-expected this morning, with the YY headline printing at 1.7% versus forecasts of 1.8%. However, the move from 1.6% to 1.7% is still acceleration and means trading CHF lower is not as attractive as a miss of 1.6% or lower would have been.
Overall sentiment is leaning to the negative side as we start the EU session, with equities, commodities, and high beta FX lower. Markets have a keen focus on this week’s incoming US data, so watching the latest JOLTS release will be important as a driver for short-term vols.
FX TODAY
The JPY is leading the major currencies to the upside after FX comments from Japanese officials. The AUD is the weakest of the majors as base metals take another plunge and the RBA offers no surprises.
The main highlight for today will be the US JOLTS job openings data. With yields very close to new cycle highs and the USD having seen 11 weeks of straight gains, the risk-reward of chasing them higher at these levels is not attractive, even if the data comes in better than expected.
The other asset to watch is gold, as a big miss in the data could give gold a decent nudge higher if both the USD and yields pull back a bit.
The one asset that could be interesting to trade on a really big beat in the JOLTS data is equities, which could see some extension to the downside if the data should surprise meaningfully to the upside.
In summary, the market is in a bit of a negative mood today as we await the US JOLTS job openings data. The USD is still strong, yields are high, and commodities are getting hammered. If you’re looking to trade today, be careful and keep an eye on the JOLTS data.
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: