FXBrokerFeed reports on SEC Cracks Whip as Gold Rallies against Dollar

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The First Week of June 2019 activity in the FX market was punctuated with nervous trading and cautious expectation on tariffs, Brexit and safe havens.

The First Week of June 2019 activity in the FX market was punctuated with nervous trading and cautious expectation on tariffs, Brexit and safe havens. Forex Broker comparison service FXBrokerFeed brings you some updated recap, and trends in the FX Broker Market, featuring Securities and Exchange Commission new regulations and Gold in a confident Romp.

SEC Cracks Whip

FXBrokerFeed highlight for the week is legislative action by the Securities and Exchange Commission. The commission’s legal enactment imposes new and stricter rules that compel Brokers in the US to act in their clients best interests.

Considering that Brokers and Dealers usually make money from investment advice they offer investors, the new Regulation Best Interest policy will protect investors. Brokers and Dealers are henceforth required to disclose realistic levels of benefit from advice they offer investors.

FXBrokerFeed notes SEC sentiment that the new rules have been a long time coming. They set a new FX Market benchmark for product enhancement and clarity, in an era of versatile and real-time electronic transactions.

Gold Rallies as Dollar Slides

The commodities scene saw gold on the rebound as investors exchanged the US dollar for the yellow metal, and indeed all precious metals amid speculation of rate cuts by Federal Reserve.

FXBrokerFeed observes a favorable market trend for gold which seems headed for an all year-high at 1,343. The value represents a solid 5% gain since May, and one bound to test the February 20 high maximum of 1,346 per ounce.

Despite bullish predictions of consistent gains in second half of the year, gold will face the January 24 and April 11 resistance at 1366. However, the rally confirms bid for risk aversion to safer havens that gold and other precious metals offer.

Traders can take advantage of FXBrokerFeed’s 30-day free trial and register here: https://fxbrokerfeed.com/register-now/.

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Website: https://fxbrokerfeed.com/

Source: NewsNetwork

Release ID: 521465