OPEC plans extend existing cuts by only two months
June 2th, from WikiFX news. After all three of the major US stock indices went up yesterday, the market’s risk appetite was also reflected in currencies: both Australian and New Zealand dollars surged yesterday, while the safe haven yen and US dollar dropped.
Having being introduced to the Forex market in our first article, now it’s time to know who causes the movement in the currency pairs. This week, you are going to find out exactly who creates liquidity in the Forex market
According to the latest media reports, appeals against forex manipulation cases by 16 major investment banks were rejected by the US District Court on Thursday, and US Manhattan District Judge Lorna Scofield allowed most of the lawsuits to continue.
Latest financial new has it that the UK and EU may reach a compromise on fishery issues in the trade negotiation. Meanwhile, British Prime Minister Johnson stated that suspended economic activities in UK begin to resume partially on June 1st. Stimulated by the news above, GBD/USD rocketed over 150 point.
June 1st, from WikiFX news. The escalating protests in US fueled market’s risk-aversion, injecting strong momentum into the gold market that pushed gold to surge above the key 1740 right after opening.
This is the first of the educational series written in conjunction with WikiFX & Swim Trading. Today you will get introduced to the world of Forex and how you can get started in trading the Forex market.
May 31st from WikiFX news. After the heavy slump in February, the US stock market has regained nearly 38% to date since March 22nd . WikiFX reminds investors that more attention should be given to the short interest in US stock market.
May 30th from WikiFX news. The forex information inquiry service provider WikiFX recently updated the latest commitment of traders report in forex futures up to May 19th, 2020.
As a forex trader, a good forex deal always has rules to follow. The analysis is necessary and important. There are three common analysis methods: Technical analysis, fundamental analysis and sentimental analysis.
May 29th, from WikiFX news. Hong Kong stock market tumbled downhill after opening on 28th, falling over 2% at one point. In addition, Renminbi has been depreciating recently mainly due to the USD Index jittering at a high level in the risk-off market.
There is no doubt that the sudden outbreak of the COVID-19 epidemic is a typical "black swan" incident. This virus is extremely rare in human history. However, the epidemic seems to have the characteristics of "gray rhino".
Binomo: WikiFX exposed Binomo to the public many times and has been receiving huge amount of complaints from Nigerian. Binomo is a big trap without regulation and credit.
May 28th, from WikiFX news. Aussie’s performance beat most of G10 currencies in May. Technically, AUD/USD breached April’s range and is heading towards March high with a positive outlook.
The dollar weakened over the past week following the strengthening of the euro, which rose after news of Franco-German proposals for grants for the European Union (EU) and sectors hit by the Covid-19 pandemic. Germany and France proposed that the European Commission lend 500 billion euros on behalf of the entire EU.
The type of spread that a forex broker provide depends on how it makes money
Post-Covid-19 work and New norm
May 27th from WikiFX news. Overnight USD/CAD rate dropped 228 pips to 1.3773, a new low since March 16th . This has been the largest intraday decline since March.
May 26th, from WikiFX news. Japan is considering a new round of stimulus scheme worth of 100 trillion yen(US$929.45 billion), which includes financial aid programs for businesses under the shock of coronavirus pandemic.
UK’s inflation rate in April fell to 0.8% to the lowest level for nearly four years. Under this situation, the UK is likely to enter a deflationary age, bringing the pressure that Bank of England(BoE) would cut interest rates below zero.
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