Affiliate Disclosure
Affiliate Disclosure adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence. Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money. This may impact how, where and which companies / services we review and write about. Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker's track record, plus the scope of regulatory standing. Major factors in determining the quality of a broker’s offer include the cost of trading, the range of instruments available to trade, and general ease of use regarding execution and market information.

Forex Today: Stocks, Commodities Sell Off

The minor risk-on rally quickly soured as concerns over inflation and interest rates just won’t go away

  • A small rally in stocks and other risky assets quickly reversed yesterday, with stocks and commodities (especially agricultural commodities) declining firmly and the US Dollar rebounding after a selloff.
  • The Forex market is currently seeing a strong US Dollar, back in line with its long-term trend. The Japanese Yen is the weakest major currency, and the USD/JPY currency pair is rising again and beginning to threaten its recent high above ¥136.50.

  • Yesterday’s release of US CB Consumer Confidence data came in slightly lower than expected.
  • OPEC is meeting today.
  • The heads of the Federal Reserve, the European Central Bank, and the Bank of England, will be speaking later at a panel discussion in Portugal.
  • Daily new coronavirus cases globally rose again last week, against the long-term trend.  It may be that the omicron subvariant BA5 will cause another significant wave.
  • It is estimated that 66.4% of the world’s population has received at least one dose of a coronavirus vaccination, while approximately 6.9% of the global population is confirmed to have contracted the virus at some time, although the true number is highly likely to be much larger.  
  • Total confirmed new coronavirus cases worldwide stand at over 550.6 million with an average case fatality rate of 1.15%.  
  • The rate of new coronavirus infections appears to now be significantly increasing in Albania, Austria, France, Iraq, Israel, Kenya, Qatar, Bahrain, Cyprus, Germany, Greece, Guatemala, Haiti, Italy, Lithuania, Malta, Mexico, Morocco, Singapore, and the UAE.  
Adam Lemon
About Adam Lemon

Adam Lemon began his role at DailyForex in 2013 when he was brought in as an in-house Chief Analyst. Adam trades Forex, stocks and other instruments in his own account. Adam believes that it is very possible for retail traders/investors to secure a positive return over time provided they limit their risks, follow trends, and persevere through short-term losing streaks – provided only reputable brokerages are used. He has previously worked within financial markets over a 12-year period, including 6 years with Merrill Lynch.


Most Visited Forex Broker Reviews