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.
Generally, currency pairs can be quoted in two different prices: The bid and ask price. The “bid” means to sell the base currency and the “ask” means to buy the base currency.
Australian Prime Minister Scott Morrison will on Tuesday outline his government's plans to revive the sputtering economy, but is expected to warn a recovery will take between three to five years. Australia has reported j
The number of Portuguese young people requesting jobless benefits spiked 52% last month from a year earlier, way above the increase for other age groups, amid the coronavirus lockdown, data showed on Monday Overall, near
May 25th from WikiFX news. Bank of England Governor Andrew Bailey change his comment last week that negative rate “is not an approach we’re considering or planning to take” and said it’s the right time to review and assess all policy tools, indicating that the Bank of England is urgently evaluating the possibility of introducing negative rate.
It's challenging to trade the foreign exchange industry for novice and layman traders with consistency in this industry.Being able to look at the market, they don't understand there's so much volume, and you're talking a 5 trillion dollar industry a day. We don't need to look at all different types of technical analysis.The biggest problem is for a new trader getting overwhelmed understanding and learning the foreign exchange market.
Australia's most populous state on Monday deployed hundreds of crowd control staff to enforce social distancing on public transport amid an expected commuter surge as schools and offices reopened and coronavirus cases fell.
The S&P 500 shrugged off risk aversion to end last week higher, but upside momentum seems to be fading. US markets are offline today, raising the risk of volatility.
May 24th, from WikiFX news. Gold-Silver Ratio once hit a historical high of 112.82 in March 2nd this year. Now it’s slightly down, hovering around 100, but still at a relatively high level.
Recently, WikiFX App has updated to version 1.3.2, releasing the new feature of "Profound Credit Report".
How to know whether a trader a trading genius? In my opinion there is only one way to tell: is the process of making money stable?
May 23rd, from WikiFX news. According to the latest US Treasury International Capital report, overseas investors sold off a US$299.3 billion of US Treasury bonds during the bond market's rally in March, breaking the record of monthly sell-off.
The gold market recently is filled with positive factors, such as global central banks released large scaled quantitative easing policy and cut down interest rate, even with the probability of negative interest rate in the future. And the risk aversion sentiment in financial market is also a main reason for the upward trend of gold price.
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Image copyrightReuters Car rental company Hertz has filed for bankruptcy protection in the US after
The coronavirus pandemic ripped through the economy with frightening speed, spurring job losses in every U.S. state in April. The largest deterioration in the labor market occurred in Michigan, Vermont and New York.
The United Kingdom has the most well-established and sound financial services in the world. In particular, the well-known regulatory body FCA is becoming a standard in the forex industry, which has made the world place more trust in the British regulatory system. The influence of FCA is deep and extensive for all forex brokers over time.
May 22, from WikiFX news. Germany and France jointly proposed on the 18th to establish an European Union recovery fund to offer financial aids to members struck by the economic fallout of the pandemic. The news pepped up market confidence, sending the euro on a rally, though rather moderate in scale.
The Weekly Focus of Currency and Commodities Market (22 May):GBP、EUR、Gold、Oil
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