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FP Markets Expands Its CFD Trading Offering in Commodities from freeamfva's blog

FP Markets is pleased to announce that it is expanding its product offering with even more instruments. Recently awarded as the ‘Best Value Global Forex Broker’ for a second consecutive year, the company continues to set the benchmark in CFDs and Forex by adding a number of new and exciting assets for its clients to enjoy:To get more news about samtrade, you can visit wikifx.com official website.

Already offering 60+ Forex currency pairs, the recent decision to add to its CFD offering commodities, metals, and indices shows that the broker is ready to accommodate all kinds of traders looking for opportunities to trade during the upcoming US election and expected volatility.

The Volatility Index (VIX), and USD Index are exciting additions for those looking to trade based on the impact of the election. FP Markets have also created a dedicated US Elections Page which features news updates, webinars, articles, and analysis.

The addition of platinum, palladium, and natural gas provide more options for those who like to deal with metals and commodities during times of political uncertainty.

Established in 2005, FP Markets has consistently provided traders with tighter spreads and faster execution. Through the use of Raw pricing, they can aggregate prices across a range of top-tier liquidity providers. Forex and CFD traders seeking optimal trading conditions should look no further.
The Ukrainian comments that peace talks are looking more realistic has set off risk demand with traders moving out of safe-havens and back into traditional risk assets, including stocks and currencies like AUD, GBP and EUR. Meanwhile, stock indexes in Europe and US futures are seeing firm gains heading towards the US session open.

The Fed is another factor to watch today, because they’ll meet at 2 pm ET. FOMC is expected to raise rates by one-quarter of a percent, which will be its first move higher since 2018.

“My guess is it’s going to sound a little more hawkish than people want it to sound, and that’s going to be a little tough to digest, particularly in the fixed income markets,”, David Zervos, chief market strategist at Jefferies, told CNBC’s “Closing Bell” on Tuesday. “I think the equity market might digest it a little better, but it’s going to be a tough swallow.”

Hawkish is normally seen as a positive for the country’s currency, but we wonder how much could be factored in from the Fed? Could it disappoint an already weak USD? It will be interesting to see if the Fed can overrule factors in Europe that have been supporting higher USD values. Oil continues to sell off from its highs. On other hand, inflation fears on the front might have started to cool off in the short-term.

We can see the lower highs (LH) on the daily US Dollar Index chart. If this point can continue to hold, we will look for a new short-term trend to remain in play—a break and close above the LH at 99.07. We will be looking for bulls to resume their push.

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