Tradeo ceased offering trading services last year in May. Trading and ancillary will not recommence, and the brand/platform will be permanently discontinued.
For the clients with remaining balances, kindly send a withdrawal request through your login or via chat or email. If there are any queries or concerns relating to your account or any other matter, please email us at [email protected]
The dollar edged higher in early European trade Friday, helped by rising U.S. bond yields ahead of the release of key inflation data.
At 2:50 AM ET (0650 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, was up 0.2% at 90.120.
EUR/USD traded 0.1% lower at 1.2180, slipping after reaching a 5 1/2-month high of 1.2266 on Tuesday, USD/JPY rose 0.1% to 109.92, climbing to its highest levels in about seven weeks, while the risk-sensitive AUD/USD was down 0.1% at 0.7731.
Helping the greenback was a report by the New York Times that President Joe Biden will announce later Friday a $6 trillion budget for 2022 to ensure investments in major infrastructure, education and healthcare projects. If this manages to get through a divided Congress, it would take federal spending to its highest levels since World War II.
A rally in Asia put global equities on track for a seventh day of gains on Friday as investors bet the U.S. will lead the world out of the COVID-19 pandemic, with the focus turning to a multi-trillion dollar spending boost by the Biden administration.
Tokyo led the advance, with the Nikkei jumping 2.1%. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 1.1% and hit its highest level this month.
The Hang Seng climbed 0.6%, but Chinese blue chips were an outlier, slipping 0.1% a day after closing at a near three-month high.
The MSCI world equity index added 0.2% to 710.34, a fraction off the all-time closing high of 710.36 set on May 7.
European share markets looked set to open stronger, with pan-region Euro Stoxx 50 futures up 0.4% in early deals. FTSE futures were also 0.4% higher.
U.S. stocks were also poised for further gains after the S&P 500’s 0.1% rise overnight, with futures pointing to a 0.3% increase at the open.
Oil prices were little changed on Friday, with Brent holding near $70 a barrel as firm U.S. economic data and expectations of a strong rebound in global demand in the third quarter offset concerns about more supply from Iran once sanctions are lifted.
Brent crude futures for July fell 9 cents, 0.1%, to $69.37 a barrel by 0643 GMT while U.S. West Texas Intermediate crude for July was at $66.90 a barrel, up 5 cents, or 0.1%.
Prices are “running up against a wall”, Howie Lee, economist at Singapore’s OCBC bank said, referring to technical charts that showed prices have hit resistance levels.
“$65-$70 should still be the holding zone for oil unless there is a very good reason to go above $70,” he said.
It has not been prepared in accordance with legal requirements designed to promote the independence of research, and as such it is considered to be marketing communication. Although we are not specifically constrained from dealing ahead of the publication of our research, we do not seek to take advantage of it before we provide it to our clients. We aim to establish, maintain and operate effective organizational and administrative arrangements with a view to taking all reasonable steps to prevent conflicts of interest from constituting or giving rise to a material risk of damage to the interests of our clients. We operate a policy of independence, which requires our employees to act in our clients’ best interests when providing our services