Management is important for forex business. It is part of the ways to Success and gets profit easily. So, traders should know it deeply. Even more this business is full of risks.
A significant step towards market accessibility has been taken recently, as the leading online trading brand HFM (formerly Hotforex) announced the official launch of its app, available for both Android and iOS devices. This award-winning mobile application has already managed to spark the interest of many traders around the globe, even prior to its release, and now has become the talk of the town in the online brokerage industry.
On Thursday, October 27, Beijing time, spot gold shock slightly up in early trading of Asian market and is currently trading near $1,666 per ounce; market expectations for the Federal Reserve to raise interest rates in December 75 basis points cooled, the dollar and U.S. bond yields fell sharply overnight; the dollar index extended weakness on Thursday, once hit a nearly five-week low to 109.54, continue to provide support for gold prices.
On Wednesday, October 26, the dollar index fell below the 110 mark for the first time since Sept. 20, closing down 1.073% at 109.7. Non-U.S. currencies rebounded sharply, with the euro regaining parity against the dollar for the first time since Sept. 20.
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
During Tuesday's trading session, silver markets initially declined, but they have since recovered and begun to show signs of life.
ADA was one of the leading cryptocurrencies during the bullish Tuesday session. For the first time since September, $0.50 becomes relevant due to a change in mood.
In an effort to settle below $3.40, copper tried. The $1660 level of resistance was approached by gold.
On Wednesday, October 26, Beijing time, spot gold shock slightly up in early trading of Asian market, and is currently trading near $ 1658 per ounce; more signs of economic weakness in the United States fueled speculation about the Fed's hawkish tendency to moderate, the market on the Fed's December rate hike of 75 basis points is expected to cool.
On Tuesday, October 25, the dollar index fell below the 111 round figure mark for the first time since October 6; it closed down 0.991% at 110.89, which was a new three-week low. The British pound rose 2% against the dollar at one point and pushed up to the 1.15 handle. The euro rose 1% against the dollar at one point and pushed up to parity for the first time since October 5. The dollar fell below 148 against the yen during the day.
For now EUR/USD and GBP/USD are holding up against the dollar, while the yen is being given support by Japan’s intervention in FX markets.
Despite improved earnings from interest-bearing business, the London-listed stock opened down around 5%. A worsening credit environment dragged on the stock, taking it down close to an area of key support.
The FTSE, DAX, and Dow continue to gain ground, but bears look likely to return before long.
On Tuesday, October 25, during the Asian session, spot gold narrowly oscillated, and is currently trading near $ 1648 per ounce; the market reduced expectations for the Federal Reserve to raise interest rates in December by 75 basis points, U.S. bond yields fell slightly, providing support to gold prices.
On Monday, October 24, the dollar index fell sharply below 112 in Asian trading, then pulled back up to 112.55; the trend in a day was oscillating, eventually closing up 0.125%, narrowly missing 112.
• EUR/USD bulls emerge and eye a test of the coil's trendline. • Bears need to get below hourly support around 0.9800.
Looking at the technical picture of the Amadeus IT Group SA (BME: AMS) stock on our 4-hour chart we can see that as of yesterday, the share price managed to overcome a short-term tentative downside resistance line taken from the high of May 30th. For now, AMS continues to trade above that line, meaning that more byers might see it as a good sign to step in. We will take a positive approach for now.
Looking at the technical picture of USD/ZAR on our daily chart, we can see that after reversing higher at the end of March, the pair is now trading above a short-term upside support line taken from the low of April 13th. That said, the rate is currently trading below a key resistance area between the 16.1848 and 16.3195 levels, marked by the highs of June 13th and May 16th respectively. In order to aim further north, we would prefer to wait for a push above that resistance area first.
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
The Week ahead: Major Banking decisions and what to expect