What you need to know on Friday, January 29: The financial world gyrated around equities once again, but stocks weren’t driven by sentiment. For a change, the escalation of the Gamestop scandal led the way. To put it in a few words, individual investors pushed the share sharply higher and triggered alarms everywhere. Trading was halted in some platforms, in detriment of single investors which were spurring losses within hedge funds. Those investors gathered on forums, turned their eyes into silver, sending the metal over 5% up intraday, which in turn, pushed oil and gold higher and dragged Wall Street alongside. This is an undergoing story, and will probably continue affecting financial markets in the next few days. The dollar firmed up as Asian and European indexes fell but later gave up on Wall Street’s comeback. GBP/USD was the best performer, trading near its recent highs. Commodity-linked currencies recovered ahead of the close, but are at risk of resuming their declines. The EUR/USD pair is stuck in the mid-1.21, unable to attract investors.USD/JPY has surpassed its monthly high by a few pips but lacked follow-through. US Treasury yields ticked higher, following mostly encouraging US data. Q4 GDP came in at 4% while Initial Jobless Claims declined to 875K. Gold was unable to hold on to intraday gains and closed the day unchanged around $ 1,843 a troy ounce. Crude oil prices also trimmed early gains, with WTI settling at $52.30 a barrel. Gamestop (GME) Stock News: GME share price consolidates after huge volatility, what‘s next? Cryptocurrencies Price Prediction: Bitcoin, Stellar & Tezos – American Wrap 28 January FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next AUD/NZD Price Analysis: Bears testing the bullish commitments FX Street 1 year What you need to know on Friday, January 29: The financial world gyrated around equities once again, but stocks weren’t driven by sentiment. For a change, the escalation of the Gamestop scandal led the way. To put it in a few words, individual investors pushed the share sharply higher and triggered alarms everywhere. Trading was halted in some platforms, in detriment of single investors which were spurring losses within hedge funds. Those investors gathered on forums, turned their eyes into silver, sending the metal over 5% up intraday, which in turn, pushed oil and gold higher and dragged Wall Street… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
