Capital.com

Capitalcom Broker Updated 

The US economy grew 1.6% in the first quarter of 2024. The actual figure was lower than the estimates of 2.5%, which caused some re-pricing of risk sentiment in markets after the data was released. Albeit the data was lower than anticipated, the US economy still managed to grow in the first quarter, a stark contrast to what is expected in many countries in...

Capitalcom Broker Updated 

Oil futures are struggling to regain their footing this week as traders perceive that risks of the Middle East tensions impacting supply have eased. The lack of damage or casualties following the retaliatory attacks Israel launched on Iran on Friday has led Iranian officials to deny any further retaliation from Tehran, a successful effort from diplomats who have...

Capitalcom Broker Updated 

US stock indices are attempting to halt their declines on Monday after heavy selloffs last week. The US 100, which focuses on the technology sector, dropped over 5% last week, its worst weekly performance since October 2022. The index is down over 8% from the highs at the end of March. Resilient US economic data and geopolitical concerns have pushed investors...

Capitalcom Broker Updated 

Investors have been flocking to safe assets recently as tensions in the Middle East have escalated with two-way retaliatory attacks between Israel and Iran in the past few weeks. This has meant the bullish momentum has been building in the US dollar, weighing on most other major currencies. GBP/USD has been caught in the crossfire but the weakening fundamentals...

Capitalcom Broker Updated 

The FTSE 100 has reached a new record high after pushing through the bearish sentiment that has taken over global equities in the past few weeks. The index, which is made up of the biggest 100 companies in the UK, closed above the previous high of 8,045 on Monday following a 1.6% rise on the day. The rally gathered strength on Friday when the index saw some...

Capitalcom Broker Updated 

XAU/USD threatens to drop below $2,300 for the first time in two weeks as easing geopolitical tensions drives investors away from safer assets. Equities have been attempting to recover this week as risk appetite increases, meaning investors are moving away from safe havens like the US dollar and gold, pulling away from their recent highs on Monday. Profit-taking...