【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
Forex fraud often results in a terrible financial downfall for the victim. However, required safety measures can help you stay safe from scammers like FewaTRADE.
Supply and demand are undeniably one of the primary elements that drive forex market volatility. The value of a currency increases so quickly on the market when a high demand is made for it. The same principle will be observed during the FIFA World Cup 2022 when travelers moving into Asia will be in high demand for Asian currencies to participate in the FIFA World Cup. This article gives a detailed understanding of the general effects that the FIFA World Cup will have on Forex trading.
Traders should create a strategy to get high profit successfully, thus traders should know the forex correlation map to support creating profitable strategies.
The week ahead: US Dollar struggles to find demand
On Tuesday, December 06, Beijing time, during the Asian and European session, spot gold rally blocked and is currently trading at $ 1770.11 per ounce. After the US non-farm payrolls data for November came out last week, the US ISM non-manufacturing PMI data for November came out on Monday with a very strong performance, intensifying market concerns that the Federal Reserve may accelerate interest rate hikes.
On Monday, December 5, a number of better-than-expected U.S. data reinforced expectations that the Fed would keep tightening, and the dollar index rebounded to above 105, closing up 0.75% at 105.29. Non-dollar currencies continued to fall, with AUD/USD down 1.50% during the day, USD/CAD up to 1.36, EUR/USD down 1.05, USD/JPY up 1.50% during the day, both offshore and onshore RMB recovered 7.0 level.
Macau casino stocks have jumped since early November. Beijing announcing existing licence will be renewed and hopes of an end/easing in covid restrictions are seen as key reasons for the stock rises.
The Organisation of Petroleum Exporting Countries (OPEC) on Sunday agreed to maintain its planned monthly oil output, as the European Union agreed to impose a price cap on Russian oil.
EUR/USD is the forex ticker that tells traders how many US Dollars are needed to buy a Euro. The Euro-Dollar pair is popular with traders because its constituents represent the two largest and most influential economies in the world.
Stocks cut much of their earlier losses Friday as investors looked past hotter-than-expected labor data to the upcoming Federal Reserve meeting.
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
The monthly non-farm payroll report from the U.S. Department of Labor can have a substantial impact on forex markets when the numbers are released on the first Friday morning of a new month.
Pacific Union is a multi-asset broker offering trading via the MT4 and MT5 platforms. PU Prime delivers an online brokerage service to customers in over 120 countries worldwide.
The Great Recession, which lasted from December 2007 to June 2009, was the longest economic downturn since World War II. Now, a decade later, there is talk and worry that another one is coming, likely in 2023. While many investors lost their stakes in panic selling, for traders, recession presents an opportunity for taking advantage of it instead of being exploited. The trick to survive a recession is to remain prudent, yet keep an eye on market trends to recognize profit opportunities. Be sure
On Monday, December 5, Beijing time, during the Asian and European session, spot gold shocks up and once refreshes nearly five months high to 1809.85 U.S. dollars per ounce. Several cities in Asia relaxed epidemic control last weekend, the market's safe-haven demand for the dollar weakened, the Fed will slow the pace of interest rate hikes is also expected to linger; the dollar index fell to a new low of more than five months, which gives gold prices to provide upward momentum.
Since the war of Russia between Ukraine, the commodity of forex is down. So, it can make traders take back steps to buy forex. So, the forex will paralyze.
On Friday, December 2, the U.S. November non-farm payrolls data far exceeded expectations, making the market more worried about the Fed's monetary tightening will remain longer; the dollar index, which hit a five-month low during the day, quickly turned up, but turned down after a sharp rise to 105.61, finally closing down 0.22% at 104.51. The offshore yuan approached 7.00 during the day to hit a new high of more than two months.
Increasing chatter about a possible global recession in 2023 might force traders to reconsider their trading strategies accordingly. While the financial markets react differently during economic downturns, in rough waters, people often turn to ‘cash’ as a safe haven. This lends more significance to the saying that “Cash is King” during a recession.
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】