Forex (foreign exchange) refers to trading foreign currencies. In getting to know forex trading, where another name for forex can be referred to as foreign currency or even forex.
On Thursday, November 10, Beijing time, spot gold shock was slightly up in early trading of Asian market, and is currently trading near $ 1710.59 per ounce; market is still widely expected that the Federal Reserve will gradually slow down the part of interest rate hikes, December may only raise interest rates by 50 basis points, so that the dollar under pressure, supporting gold prices.
Actually, it is like a management theory that allows the similarity of the value of something in a certain time with the previous time using the principle of doubling.
On Wednesday, November 10, the dollar index rebounded to regain 110, and closed up 0.75% at 110.45. The euro turned lower against the dollar and once lost parity, the pound fell through the 1.15 and 1.14 hurdles against the dollar in quick succession, and the dollar rose through 146 against the yen again.
On Wednesday, November 9, Beijing time, spot gold shock slightly down in early trading of Asian market, and is currently trading at $ 1668.80 per ounce; the dollar rebounded mildly, putting gold prices under slight pressure; in the U.S. mid-term election results are about to be released, the market wait-and-see sentiment is strong, the overall trading is not large.
In practice, the advantages of forex trading are not only limited to the difference between the selling and buying prices of currencies. There are benefits of overnight interest (swap).
On Tuesday, November 8, as investors greeted the U.S. midterm elections and CPI data for October, the dollar index continued to fall, falling back below 110 for the first time since Oct. 27, closing down 0.56% at 109.60. The euro turned up against the dollar and returned to above parity, the pound touched 1.16 against the dollar at one point, and the dollar fell below the 146 mark against the yen.
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Many people suddenly get rich because they are successful foreign exchange traders or investors. However, not a few also go bankrupt because they don't want to learn so they make many mistakes in forex trading and will eventually lose money.
performance, growth, summary, estimation
performance, growth, summary, estimation
On Tuesday, November 8, Beijing time, spot gold shock slightly down in early trading of Asian market, and is currently trading at $ 1668.80 per ounce; the dollar rebounded mildly, making gold prices under slight pressure.
The Week Ahead: Focus on US midterm elections and US inflation
On Monday, November 7, as market risk appetite rose, the U.S. dollar index extended its decline, closing down 0.52% at 110.21. The euro returned to parity against the dollar; the pound rose above 1.13, 1.14 and 1.15 levels against the dollar, and the risk-sensitive Australian dollar erased all losses against the dollar during the Asian session; the dollar once forced the 146 mark against the yen.
Forex (foreign exchange) refers to trading foreign currencies. In getting to know forex trading, where another name for forex can be referred to as foreign currency or even forex.
The United states dollar index or it is also known as DXY was down more than 1.6 percent to the 111.10s range. That was occured when this news was written in Friday's (4/November)
Fed Chairman, Jerome Powell, yesterday said that it was too early to talk about a slowdown in the pace of rate hike. It is as there was "no sign of inflation declining" seen so far.
The greenback became the champion of the forex market on (3/November). It was following the announcement of the Federal Reserve and Bank of England meetings result.
Some people think that trading foreign exchange (forex) is a difficult thing.
On Monday, November 7, Beijing time, spot gold opened low after narrow oscillation in early trading of Asian market, and is currently trading near $ 1672.25 per ounce; on Friday a number of Federal Reserve officials said they would narrow the pace of interest rate hikes, helping gold prices rose sharply, but encountered resistance near the high of 1683.83 in October 11.