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With one achievement in the win column, President Biden is now expected to unveil his big bucks infrastructure plan. It also appears there will be a strong focus on green energy but no new tax on gasoline at least for now. Forex brokers are primed to see how this will impact both the Dollar and the wider trading environment this week. Wall Street was rocked toward the end of last week by news that Archegos Capital was forced to liquidate many of their positions that had been very highly leveraged with several top brokers around the street.
This sent shockwaves through a number of Chinese stocks as well as both Viacom, and Discovery which the family office had very large positions in. This is being viewed as an isolated incident but it has nonetheless raised the discussion around rule changes and greater awareness between brokers particularly around leveraged positions. What Makes Gold Valuable? Meet the Team Contact Us. Connect with us. Table Of Contents.
Yields Rise as Attention Turns to Infrastructure Focusing on the key factors that are moving the Greenback to further strength for those in forex trading , besides the struggles of other nations to vaccinate while the US now appears to be well on the road to success in this regard. Stocks Try to Recover From Huge Margin Call Wall Street was rocked toward the end of last week by news that Archegos Capital was forced to liquidate many of their positions that had been very highly leveraged with several top brokers around the street.
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