Despite the pandemic, the iFX EXPO Dubai hosts managed to attract more than 40,000 attendees and over 1,500 service providers. The event took place at Za’abeel Hall 6, Dubai World Trade Centre, one of the stand-out city skyscrapers.
Forex business is sensitive. It means this business can change faster if there is an unstable situation in one country. So, it also influences traders to get a profit.
On Tuesday, August 9, spot gold fell slightly after breaking the $1,800 mark, and finally closed up 0.29% at $1,794.49 per ounce. Spot silver was stable above the $20 mark, and finally closed down 0.84% at $20.54 per ounce. In terms of two oils, WTI crude oil erased most of the intraday gains in the U.S. market and finally closed up 0.1% at $90.52 per barrel. Brent crude closed down 0.15% at $96.48 per barrel.
Inflation has dominated the markets so far this year, with staggering Consumer Price Index figures being released all over the world. This week’s attention turns to the most volatile CPI release in the economic calendar this month, U.S CPI.
On Tuesday,August 9, spot gold in the Asian session fell to the pivot point of 1784.50 after hitting the primary resistance. If it can remain above this level, it will confirm bullishness, and the first upward target is 1788.91. Spot silver is currently approaching the first resistance at 20.72 and has fallen back.
There are two types of people, one waits for change to happen around them while other creates the change themselves. Dilawar Singh, a sports trainer-turned entrepreneur, is a perfect example of the latter. When Singh wanted to change his life, he didn’t wait for it to happen itself. Singh acted on it, worked, and all his endeavours eventually paid off well.
Nanjing is a city where smoke, water, gas and intelligence coexist. This kind of atmosphere can be found in various cultural sites in Nanjing. On August 6, the Nanjing Station of the Forex Alliance Trading Technology Summit was successfully held in such a charming city. A number of well-known platforms were invited to participate. Brand-new concepts, cutting-edge technologies, and in-depth exchanges have attracted the favor of many trading enthusiasts.
Next week is going to be packed with highly important data and central banks’ rate decisions. High inflation levels (6.1% in Australia and 9.4% in the UK) may lead the BOE and the RBA to increase interest rates in their upcoming meeting/s.
Virgin Galactic Holdings Inc. shares dropped after the space tourism company again delayed its commercial service, calling for a launch in the second quarter of 2023. The startup had previously disappointed investors by pushing back the launch, once planned for the third, then fourth quarter of 2022. In May, Virgin Galactic delayed it to the first quarter of 2023.
On August 7th, the Forex Alliance Trading Technology Summit Hefei Station was successfully held in Hefei. As the weather vane of the trading technology industry, this exhibition brought together major brands in the industry to explore new trends in the development of the industry, and ushered in the first day of development.
Trade Nation is considered a low-risk and can be summarised as trustworthy and reliable. Trade Nation has a trust score and is regulated by the FCA, ASIC, FSCA, and SC. As a Leading online trading platform, Trade Nation are delighted to announce their official partnership with Wolverhampton Wanderers Football Club commencing from 2nd August 2022 and continuing throughout the 2022/23 season.
Next week, we can expect a more subdued week of corporate earnings reports, with most S&P 500 companies having already reported. Companies due to report next week will include AIG, BioNTech, Sysco, Wynn Resorts, Norwegian Cruise Line, Disney, and Fox Corporation, among others.
In the technology era like nowadays, all business fields use sophisticated technology. As well as in the forex business. All traders should update about technology in the forex business.
Slippage occurs when a trade order is filled at a price that is different to the requested price. This normally transpires during high periods of volatility as well as periods whereby orders cannot be matched at desired prices.
OPEC’s most prolific oil producer and exporter, Saudi Arabia, has raised the official selling price of its crude oil to new highs for September loadings.
The Bank of England (BoE) announced its monetary policy decision this Thursday and hiked rates for the fifth consecutive time to curb soaring inflation.
On Monday, August 08, spot gold fluctuated upward, approaching the 1790 mark, and finally closed up 0.79% at US$1,788.83 per ounce; spot silver once again stood at the US$20 mark and finally closed up 3.9% at US$20.68 per ounce. In terms of the two oils, WTI crude oil fell first and then rose, recovering all the lost ground in the day, and stood firm at the 90 mark in late trading, and finally closed up 2.46% at US$90.68 per barrel; Brent crude oil closed up 2.26% at US$96.48 per barrel.
The forex market is focused on two key factors right now: inflation and Covid-19. These factors are expected to be under the spotlight heading into 2022, driving central banks’ monetary policy decisions. The Dollar index held steady, hovering near its 106.50 level as investors reassess Fed’s moves going forward.
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
Federal Reserve officials voiced their determination again on Wednesday to rein in high inflation, although one noted a half-percentage-point hike in the U.S. central bank's key interest rate next month might be enough to march on toward that goal.