Whether trading forex on weekends is possible or not, this is not possible. Not underestimating your ability in terms of forex trading or rest time, but because there are other factors.
On Thursday night, Beijing time, the ADP employment data, which is known as "small non farm", recorded an increase of 235000 people, which was much higher than the expected increase of 150000 people and the previous value of 127000 people.
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WCG Markets:2023年01月06日黄金市况分析
Forex (foreign exchange) refers to trading foreign currencies. In getting to know forex trading, where another name for forex can be referred to as foreign currency or even forex.
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Gold rates slipped during the early part of the week gone by, but managed to recover later and closed almost flat for the week.
As of this week, Gold topped $1,840 an ounce on Wednesday, near its highest levels in six months amid general dollar weakness, as investors awaited the latest minutes from the Federal Reserve that could provide clues on its tightening policy.
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On Thursday, January 5, 3:00 GMT, as the Federal Reserve released the minutes of the December meeting tone hard but nothing new, and triggered traders expect to raise interest rates in February this year will be further reduced expectations. Spot gold continued to rise high and was up 0.82% on the day, which was the highest intraday reached $1865.15, closing at $1854.10 level.3.
The dollar index fell below the 104 mark on Wednesday night (Jan. 4), but was boosted by the hawkish Fed minutes released early this morning, narrowing its losses and regaining the 104 mark to close down 0.41 percent at 104.25.
WCG Markets:2023-01-05
The stochastic oscillator is a simple momentum indicator widely used in forex trading to identify potential trend reversals. Developed by George C. Lane in the late 1950s, this momentum oscillator analyzes past price movements to forecast price changes in the future. If you’re wondering what a stochastic indicator is and how it makes you trade better, this article will help you out!
Bollinger Bands Indicator is the most reliable and powerful technical analysis tool used by traders to help make informed decisions in the Forex market. They are flexible, visually intuitive, and among the most effective forex indicators available to traders. Simply put, Bollinger Bands are perfect for identifying sharp, short-term price movements and potential entry and exit points for trading. This article explains how to trade forex efficiently using Bollinger Bands Indicator.
All traders can be professional traders also if they imitate a successful trader. So, knowing how a professional trader can get a profit is important.
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
At the beginning of the Asian session on Wednesday, January 4, the dollar index oscillated narrowly and is currently trading around 104.70.
On Tuesday, January 3, U.S. economic data worsened to cloud the outlook, market risk aversion resurfaced, the dollar index once rose to 104.86, closing up 1% at 104.7; 10-year U.S. bond yields fell to more than 10 basis points, falling from near 3.879% to 3.752% during the day; 2-year U.S. bond yields fell, falling as low as 4.345%, as of the close of U.S. stocks, trading near 4.3906%.
Oil prices fell for a third straight day on Thursday as rising Covid-19 cases in China, the world’s largest crude importer, continue to raise concerns about fuel demand.