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Germanys DAX index rose by about 0.7%, hitting a record high. A German government spokesman said earlier that German Chancellor Merz and Trump agreed on the need to quickly resolve the trade dispute during a phone call.Germanys DAX30 index opened up 131.20 points, or 0.56%, at 23480.50 points on May 9 (Friday); Britains FTSE 100 index opened up 39.42 points, or 0.46%, at 8571.03 points on May 9 (Friday); Frances CAC40 index opened up 38.04 points, or 0.49%, at 7732.48 points on May 9 (Friday); Europes STOXX 50 index opened up 14.01 points, or 0.26%, at 5302.95 points on May 9 (Friday); Spains IBEX35 index opened up 26.36 points, or 0.20%, at 13504.06 points on May 9 (Friday); Italys FTSE MIB index opened up 242.70 points, or 0.62%, at 39217.00 points on May 9 (Friday).Bank of America: U.S. stocks saw $9.3 billion in outflows in the week ending Wednesday, and the four-week cumulative outflow was the largest since May 2023.Switzerlands consumer confidence index in April was -43, expected to be -33, and the previous value was -34.8.May 9th, the U.S.-UK trade deal initially prompted optimism that deals with other countries might follow. However, analysts say the initial positive impact on the market is fading because the agreement is limited in scope and 10% tariffs remain in place in most cases. "The agreement (or rather its lack of an agreement) is not very significant and does not necessarily give the impression that more substantial results are expected in negotiations with other countries," said Volkmar Baur, an analyst at Commerzbank, in a report.

What currencies should I choose to trade?

LEO

Oct 25, 2021 13:27

There are a wide variety of FOREX currency pairs. To engage in FOREX trading, investors generally choose to start with major currency pairs. Major currency pairs refer to those involving the US dollar. The most popular currency pairs are EUR/USD, USD/JPY, etc.

This is because the countries represented by the currency pairs have great international influences and high trading volumes. The currencies are highly liquid in the market and have dramatic volatility. There are frequent major economic news and data releases (for example: NFP, inflation rate, and central bank policy) for investors to analyse currency trends. Therefore, it will be relatively simple for investors to start with these currency pairs.