The latest CFTC Commitment of Traders report shows that as of January 7th, 2020, Swiss franc speculative net shorts decreased by 1,256 to 4,469 contracts. Among them, speculative longs decreased by 3,251 to 11,298 contracts, and speculative shorts decreased by 4,507 to 15,767 contracts.
The USD/JPY pivot point in the first half of 2020 will be at 108.94. If trade talks between the United States and China progress towards a positive direction, bringing more stability to the global economy, the yen may continue to move to 115 level.
It’s believed that New Zealand's economy will maintain a slow growth in the first half of 2020, and then gradually pick up speed. The upside risks for the economy are greater than downside risks. The Reserve Bank of New Zealand is expected to lower its cash rate in May. Investors should focus more on the big picture of the country’s economy and keep an eye on relevant news events in New Zealand.
British general election at the end of 2019 was conducted against a sluggish economy. Latest statistics show that Britain’s economy growth is stagnant and the once strong labor market has weakened. In the first half of 2020, the pound will need to navigate through the domestic economy, central bank policies and the crucial March budget. In addition, the Brexit negotiation is still in its preliminary stage, whether a free trade agreement can be successfully concluded will also be critical.
Jeffrey Gundlach, the CEO of DoubleLine Capital nicknamed “King of Bonds”, said he is expecting US dollar to go weak. He pointed out that due to US dollar’s relevance to the “twin deficits” of US in current account and budgets, the currency will likely drop in price.
As the G10 currency that performed the best in 2019, Canadian dollar may see a rather smooth horizontal trend this year partly because weakening domestic economy, and partly because the positive influence of easing trade tensions has been fading. CAD rose 5% against the USD in 2019, with nearly half of the increase gained in the last few weeks, benefiting as several other currencies from a reduce of risk factors at the end of 2019.
In 2020, economic growth of the Eurozone and the world in general will also depend on how global trade talks turn out, particularly whether negotiations between various global players, including Britain and the European Union, can eliminate uncertainties in international trade.
Australian economy appeared sluggish in 2019. Stagnant wage growth and debts piling up have made consumers significantly reduced their spending, and though Reserve Bank of Australia had lowered the interest rate by 0.75% through 3 rate-slashes, private consumption remained low.
UK’s FCA(Financial Conduct Authority) has always been at the forefront in the fight against scam brokers, and the regulator recently put several companies, including LukeTradesFx, on a warning list to help investors stay away from possible frauds.
AFX Group is a retail forex broker licensed by the FCA(UK) and CySEC(Cyprus). In July last year, the Cyprus Securities and Exchange Commission(CySEC) suspended the license of forex broker AFX Capital Marekets for 10 days, because the broker violated customer funds protection regulations and caused negative impact on the orderly and stable development of the market. Later, the British Financial Market Conduct Authority(FCA) also suspended the company's license. In order to protect investors' assets safety, WikiFX team visited AFX Group in Cyprus.
WikiFX is scheduling an exposition this year in Dubai, the financial capital of the UAE, and as the initial preparations proceed recently, we received a complaint against broker XM from Mr. Sadon, an investor from Saudi Arabia. He shared his experience of suffering unjustified losses when trading on XM, in order to warn other investors against the broker.
For the first time since May, the yen’s rate has dropped below 110 per USD, as positive outlook for the trade agreements has weakened market demand for safe-haven assets. Before the first phase of the trade agreement was signed on Wednesday, the U.S. government removed the “currency manipulator” label imposed on China.
Although PTFX has already become a notorious scam broker in the forex circle, but the company still hasn’t given up the chance to lure more unwary victims into its trap with its high publicity. Recently, WikiFX received complaint from another investor who fell victim to PTFX.
As an emerging power on the global financial market, Indonesian brokers are gaining greater visibility on the international stage in recent years and have attracted growing attentions from investors. Indonesia, the most populous of Southeastern countries, has been home to hundreds of forex brokers so far. Today, WikiFX is visiting the broker Megagrowth.
Unregulated brokers who block withdrawals can count as one of the worst nightmares of forex investors. Bear in mind that there's no such thing as a free lunch. Don’t be fooled by empty promises of scammers and focus only on profits, because when you indulge yourself in the illusion of becoming rich, you can easily neglect the huge risks and potential losses that hide behind.
As WikiFX team continues the journey of visiting Indonesian brokers, we concluded the survey tour on Royal Trust and moved on to visiting forex broker BPF.
An investor from Thailand recently told WikiFX his experience with the broker EXNESS.
A report released by the US Commodity Futures Trading Commission (CFTC) on Monday (January 6th, 2020) showed that as of the week from December 25th to December 31st,2019, speculative net longs in US dollars decreased by 1,177 to 12,054 contracts, indicating that investors have become less bullish on the US dollar.
As the most populous Southeastern Asian country, Indonesia has seen a thrive of its financial industry in recent years. But despite the massive scale of its economy, the country still has a long way to go in terms of financial regulation credibility. Upon investors’ requests, WikiFX team has been visiting forex brokers based in Indonesia. After checking out on Soegee Futures last time, we’re visiting Royal Trust on this trip.
The Reserve Bank of Australia is likely to mention the negative effects of the wildfire on economic outlook in the February policy statement. The main short term impact of wildfire will be on farm production and private investment.
WikiFX | Industria 2020/1/27 7:40:06
WikiFX | Industria 2020/1/29 7:54:05
WikiFX | Industria 2020/1/29 6:44:01
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