Forex trading is one of the most exciting and liquid asset classes to trade. In this session we break down the benefits and risks of trading forex based on several factors, including: Leverage, Liquidity, Selection, Fees, Trading Times and Volatility.
EUR/USD is trading above 1.19 after dipping below that number in response to the US Nonfarm Payrolls, which showed an increase of 379K jobs in February. Higher yields in response to Powell are keeping the dollar bid.
WTI has topped $66.00 for the first time since April 2019. The commodity continues to benefit in the afterglow of Thursday’s bullish OPEC+ outcome. But the demand outlook also continues to strengthen, adding further upward pressure to prices.