Recently, the US dollar surged at the expense of gold prices. European countries have imposed new restrictions as coronavirus cases come roaring back, which fuels negative sentiment in markets.
A forex investor lately gave a call to WikiFX, hoping to learn more about the broker Elite Capitals' regulatory information and business conditions.
On Thursday, WTI crude oil established a firmer footing above $39.0 and rallied again to an intraday high of $40.36 after suffering an overnight pullback.
Trying to gain an income from trading and investing gets tiring after a while, especially when we face a streak of losing trades or inactivity in the market. It happens to the best of us.
Recently, AUD/USD traded to a fresh monthly low of 0.7128 with sharp gains in the US dollar and a decline in global stocks.
The US Dollar Index bounced up by around 1% after releasing the minute of Federal Reserve Board on 19 Aug, breaking the record high since this March.
The Reserve Bank of New Zealand (RBNZ) will release its interest rate decision on September 23 at 10:00 (GMT+8).
Last week oil market closed once again with no major news, continuing to fluctuate below $45 a barrel despite production cuts.
On Monday, gold prices continued retreating in Asian markets while trimming early losses below $1,900 to $1,882 in U.S. markets.
Nowadays Forex trading is not the same as it was ten years ago since it has witnessed many changes and developments, and trading platforms have also appeared in the late nineties.
Affected by the Fed decision, the US dollar, technically speaking, has showed an overall trend of weakness recently, with a high volatility.
FMA warns of fraudsters impersonating regulator in COVID-19 scam. Scammers are impersonating the regulator, trying to exploit people affected by COVID-19.
The latest polls show Democratic presidential nominee Biden leads Trump in key states. Nevertheless, the winner remains unclear according to the election odds of the betting company, supporting the risk-oriented gold with uncertainties.
The first lesson for successful forex trading is to select a broker. Such a choice may be more complex than it seems to be.
As of early this morning (GMT+8), WTI ended higher 1.95% with oil prices increasing in the wake of the meeting of the OPEC+ Joint Ministerial Monitoring Committee (JMMC).
The biggest mistake made by many traders over the years is that they will trade whatever currency pairs appearing in front of them.
Lately, AUD/USD registered a new weekly high of 0.7343. According to the Reserve Bank of Australia (RBA) Minutes, AUD/USD may continue reclaiming the ground lost from the 2020 high of 0.7414 as the central bank will back the economic recovery by its current tools.
Lately, some users of WikiFX inquired the authenticity and business conditions of the platform NAG Markets.
On Tuesday, the data of German sentiment for September was released, which shows the country is still pushing ahead with the economy.
Although crude oil prices have recovered from their lowest levels since late April recorded during the crisis caused by the COVID-19 pandemic, business leaders and oil industry experts are questioning whether oil demand has really peaked or not.
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