After the freeze of the worst months of the pandemic, Piazza Affari now looks with a decidedly more positive attitude towards the prospects of the next six months.
Most of the techniques applied to analyze the market technically are depending on two main situations, which are BREAKOUT and REJECTION.
The stocks consolidated, on June 25th, that the negative securities on the Covid-19 are overshadowed by the links that the US regulators will ease the Volcker Rule and allow the banks to increase their investments in the venture capital funds and free up capital.
Recently oil’s strong resistance level is at 40-41 USD, which manifests slightly mitigated risk aversion in market. However, oil price is unlikely to be strong due to the oil demand under the outbreak of coronavirus pandemic.
Global gold price rose by nearly 17% to 1,779.53 USD/oz in the first half of 2020, a 8-year high since October 8, 2012, compared with an annual increase of 18% last year.
The financial crisis in 2008 was the largest financial event in the world after World War II. In response to this unprecedented financial turmoil, the central banks of all countries have adopted very aggressive monetary policies and cut interest rates substantially.
According to the latest data from the Society for Worldwide Interbank Financial Telecommunications(SWIFT), the share of RMB international payments has risen to 1.79% in May 2020. The internationalization of RMB is continuously deepening.
After forex trading has spread among a lot of people and gained infinite attention worldwide, which led to a large increase in brokers in forex market, including good and bad brokers.
Maintaining psychological balance during trading is important when losing a large quantity of your personal money during forex trading or the collapse in the stock market if you are a stock trader.
According to WikiFX App, the Markit Services PMI increased to 46.7 on June 2020 from 37.5 in the previous month.
As more and more countries announce the initiation of RMB settlement business, the status of the US dollar is in jeopardy.
Gold's fundamentals will remain neutral, and under fundamental strengths, the dollar and US Treasury yields will reach a delicate balance.
The epidemic is raging all over the world and the economies of various countries are deeply affected. As a result, central banks of many countries have slashed interest rates to stimulate the economy, making negative rates a global phenomenon.
Recently, an investor complained to WikiFX about the forex broker OspreyFX, hoping to recover his losses with WikiFX's assistance.
At 2:00 GMT today, the Reserve Bank of New Zealand announced its interest rate decision. Since New Zealand has been leading a new round of global easing, its policy will also serve as a key global indicator.
WikiFX APP shows that Tradelink is currently under invalid supervision with a score of only 1.29, and the FCA license is a clone.
JP Morgan recently predicted that Brent Crude will hit US$190 per barrel by 2025, noting that crude oil is entering a bullish period as dropped production will be hard to resume.
Recently, WikiFX got a Filipino investor’s complaint against Tradeview247fore, a broker that enticed his investment by promising “Instant Profits” but later caused him heavy losses in blocking withdrawals.
Recently, oil prices have repeatedly tested the 40 mark and encountered a resistance at 41.34. From a technical perspective, it is expected that oil prices this week will continue to rise.
Currently, a speculative atmosphere has been pervading US stocks. After the junk stocks such as bankruptcy concept stocks has been speculated, speculators begin to hype "black concept stocks".
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