The Abu Dhabi Global Market Financial Services Regulatory Authority has awarded eToro, the social trading platform, In-Principle Approval (ADGM). Following the expected approval of a full license, the global broker will be permitted to operate as a security, derivatives, and cryptocurrency broker in the UAE capital.
All currency on the forex will increase when the oil price increases. Both of them are like a chain that Will related to each other. Thus, traders need to know information, deeply.
XTB, a renowned supplier of financial trading services, said today that it has teamed with Conor McGregor, a multi-weight UFC champion. According to the company's announcement, McGregor has been named XTB's newest worldwide brand ambassador.
On September 21, Tuesday, Beijing time, spot gold fell sharply after failing to challenge the $1,680 mark in Asian trading, and once fell below the $1660 mark, the high point fell by about $20, and finally closed down 0.66% at $1664.94 per ounce.
On Monday, September 20, investors maintained a cautious stance ahead of this week's Fed policy meeting. The market generally expects at least a 75 basis point rate hike, with a 20% probability of a 100 basis point rate hike. The strong resistance of the 1680 mark also limits the rebound space of gold prices, the US dollar index is still at a relatively high level, and SPDR positions continue to decline.
Forex trading is more developed since it uses technology online. So, a lot of brokers present their platforms using business websites. As well as, learning this business is easier.
On Monday, spot gold fell sharply after failing to challenge the 1680 mark in the Asian session, and fell about $20 at one point, then recovered some of the lost ground and turned up, and finally closed up 0.05% at $1675.92 per ounce; Spot silver finally closed down 0.32% at $19.56 an ounce.
Rapidly growing multi-asset brokerage Zenfinex has taken a big step forward in enhancing its client's trading experience with their new product Zenfinex Plus, launched last week in Malaysia.
On Monday, September 19, spot gold in the Asian session fell, falling below the pivot point of 1670.78, but found some support at 1658.65; Spot silver rose and fell, and rebounded slightly after testing the pivot point at 19.26; WTI crude oil approached the 84 mark, and the primary support was 81.33; The US dollar index rose above the long-short turning point of 109.77 and stood at the 110 mark, with the first upward target looking at 110.24.
Innovation drives development and technology leads the future. On September 17, the forex alliance trading technology summit held in Hohhot officially kicked off.
The currency is strong enough because it can not be influenced by the global economy.
On Friday, spot gold rose by about $23 in the U.S. market in the short-term, recovering some of the previous losses and standing at the 1670 mark, and finally closed up 0.60% at $1675.09 per ounce; spot silver rose to around $19.50 and finally closed up 2.34 %, at $19.62 an ounce. The U.S. dollar index failed to challenge the 110 mark during the European session and fell back, and finally closed down 0.05% at 109.66;The 10-year U.S. Treasury yield fell slightly to 3.453%.
On Friday, September 16, spot gold in the Asian session was in the key position of 1672.10 below the narrow oscillation, and the support in short-term was weak; spot silver blocked back near the 19.2, below the first support 18.88; WTI crude oil recovered all the gains in the session, down to test the first support 84.72; dollar index short pull up to 110 mark above, and the next upside target to see 110.55.
Many patterns in the forex indicator. It is being formed because of some factors. So, traders should know those factors before making the right decision in this business.
Zenfinex, a rapidly expanding multi-asset brokerage, has taken a significant step forward in improving its customers' trading experiences with the introduction of Zenfinex Plus last week in Malaysia.
Spot gold oscillated downward and extended losses in the U.S. session, once below $1,660, which was a new low since April 2020. It retraced about $38 from the daily high and finally closed down 1.91% at $1665.06 per ounce; spot silver moved downward with gold, once below the $19 mark, and finally closed down 2.36% at $19.17 per ounce.
A meme stock refers to the shares of a company that have gained a cult-like following online and through social media platforms. It also an equity that experiences a sudden surge in popularity after retail interest in it burgeons overnight, owing to related memes that go viral on social media and discussion platforms such as Reddit.
On Tuesday, key inflation data is due in the US. The August CPI print will be watched closely by market participants ahead of the next FOMC meeting to be held September 20-21. According to analysts at Wells Fargo, the CPI will show a decline of 0.2% in August, on the back of a further plunge in gasoline prices.
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Goals are an important part of achieving success in anything, forex trading included. However, goals can be tricky because people usually set them too high, out of the realm of what’s realistically achievable in an acceptable amount of time.