It’s gonna be the year that you will be proud of yourself as a trader and investor. It’s gonna be the year you look back and say “I survived”. Or it’s gonna be the year that will break you and you’ll eventually give up on trading and investing.
Gold prices broke the barrier of $2,000 per ounce for the first time last week but saw a pullback on Friday. What strategy is acceptable for investors in future tradings?
ATFX opens office in Poland as part of EU Expansion. The new office will focus on IT development and SEO marketing.
DXY has slid as more as 10% since this March and the losses have deepened in recent weeks amid the second wave of the pandemic. The theoretical dollar smile has flattened, sending a painful “grin” to investors instead.
WikiFX arrived at the address listed in CySEC (Cyprus Securities and Exchange Commission) with the guidance of navigation.
On Tuesday, U.S. stock markets closed higher again, extending sentimental buoyancy to today’s Asian trading session and lifting growth-oriented AUD and NZD coupled with stock markets across Asia and Pacific.
The US currency will seriously suffer from the redistribution of the world
WTI crude oil embraced a steep rise in prices, up 4.5% to the high level of $43.68, compared to its low level of $41.76. It has recorded a fresh five-month high since March 6.
While the coronavirus is threatening the global economy, the debate about whether negative interest rates could spur economic growth has emerged again.
On Tuesday, gold and silver saw aggressive price growth while USD was still in recession.
WikiFX has been following OCTA scam case since early 2020. In the case, forex broker OCTA didn’t allow an investor to withdraw his 100,000 dollars at the very first time because of the large amount of profits.
Yesterday (Aug 3), WTI rallied and recovered to $41 after establishing firmer footing at $40. Nevertheless, oil price may still struggle to test $40 barrier in the wake of a gloomy demand outlook.
The U.K. is currently encountering several political and economic troubles besides the pandemic. In terms of politics, Brexit and Scottish independence are waiting for its solution; while in terms of economics, the largest recession in 300 years is raging on it.
In the following week, USD may keep retreating under the pressure of stock markets and Fed rate decision.
The Ministry of Trade through the Commodity Futures Trading Regulatory Agency (Bappebti) in collaboration with the Ministry of Communication and Information curbed 81 videos on the social media channel Youtube and 57 domains of illegal entities during June 2020.
USD is experiencing its longest downtrend since 2010, while the consecutive decline recently is the second worst one since April 2011. The future trend of USD is now testing market sentiments.
Recently, Mr. Jin turned to WikiFX for help. The Korean complainant was defrauded of all his savings by the illegal broker. Currently, he can just scrape by on what his relatives and friends give him.
On July 30 (local time), the U.S. Commerce Department reported that U.S. GDP shrank by 32.9% in the second quarter, according to the advance estimates.
In the currency market, balance dominates trades. On one side, the safe-havens keep their defensive qualities; on the other side, the currencies gain ground from every good economic or health news. However, this relative stabilization shouldn’t obscure the marked fund trends for the Swedish Krona or the Swiss Franc.
At 2:00(GMT+8) this morning, the FED released the latest decision, which keeps the interest rate in the range of 0% to 0.25%. DXY extends its loss after the decision.
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