WCG Markets:2023-02-21
Do you find yourself struggling to make sense of the forex market’s crazy twists and turns? Well, fear not, NEWS TRADING might just be the answer to your trading woes. The addition of economic announcements to technical and charting analysis can be extremely beneficial for traders and strengthen their trading strategies. Because, in the world of forex, things can change faster than a chameleon on a rainbow. So, grab your reading glasses and a cup of coffee, it’s news trading time!
Trading on your own is the best way to experience your success and failure. Although most traders are ultra-competitive by nature, comparing yourself to other traders is not in your best interest. In the world of work, newcomers are bound to be compared to old people.
A stock market crash is usually defined by a drop of at least 10% on a stock exchange or major stock index within a single trading day. This usually starts within a particular sector or industry but can expand to the wider stock market, depending on the situation.
The week ahead: 5 things to watch.
Forex trading is very unique. It is because traders must use an indicator to analyze forex movement. That is why this business has a lot of indicators.
On Monday, February 20, the spot gold rose in the Asian period, and the current trading price is around 1843.82. Bargain buying and hedging buying triggered by the geopolitical situation provide some support for the gold price. However, after a series of strong economic data and hawkish speeches by several Fed officials, the expectation of higher terminal interest rate of the Federal Reserve and the relatively strong US dollar made the gold price still face further downside risks in the future.
Last Friday, spot gold once fell below the $1820 mark before the U.S. session. But because of Balkin's "dovish" remarks, it surged $15 in the U.S. session, back above the $1840 mark, and finally closed up 0.33% at $1842.32 per ounce. Spot silver closed up 0.71% at $21.72 per ounce.
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
To all readers, whether you’re using DCFX for trading or not, kindly know about the Trading session update released by the broker to inform their client.
Last week the market was dominated by US data including Consumer Price Index (CPI), Retail Sales and Producer Price Index (PPI). Investors were keen to see if inflation had turned considering the recent comments from the Federal Reserve. Fed Chairman Powell had commented on being in a deflationary environment by remaining flexible. They may have to be flexible now as investors will see this recent strong data as a move for the Fed to hike rates for longer. This caused the USD to strengthen this week in line with our week ahead analysis.
A European option is a version of an options contract that limits execution to its expiration date. European stock markets traded higher on Thursday, as investors assessed the strength of global markets while digesting a deluge of mostly healthy corporate earnings.
It is very potential to predict the direction of the economy, Important economic indicators are leading in nature that are often noticed are ranging.
On Friday, February 17, the international gold price continued to fall and hit a new low of $1823.19/ounce since the end of December last year, because investors were worried that the Federal Reserve would further raise interest rates after a series of strong economic data were released. The price of gold is $1788.
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On Thursday, affected by the stronger-than-unexpected PPI data, the spot gold once fell below the 1830 level, and then recovered. However, the hawkish statement of the Federal Reserve officials said that gold "added another knife", and finally closed up 0.02% at 1836.32 US dollars/ounce; Spot silver closed 0.19% lower at $21.58/ounce.
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
Do you find yourself struggling to make sense of the forex market’s crazy twists and turns? Well, fear not, NEWS TRADING might just be the answer to your trading woes. The addition of economic announcements to technical and charting analysis can be extremely beneficial for traders and strengthen their trading strategies. Because, in the world of forex, things can change faster than a chameleon on a rainbow. So, grab your reading glasses and a cup of coffee, it's news trading time!
During the Asian session, the rebound of spot gold was blocked. It had rebounded to around $1842.5 before, and now dropped to around $1836. Although some bargain-hunting and safe-haven buying supported the gold price, recent economic data boosted the bet that the Federal Reserve would further raise interest rates to combat high inflation.
The FTSE 100 Index rose above 8,000 points intraday for the first time, with gains in heavyweights and a drop in sterling boosting the UK’s large-cap stock index on Wednesday.