WIKIFX REPORT: CHINA’S BANKS SET TO CUT KEY RATES AMID COVID, PROPERTY SLUMPS – BLOOMBERG
Based on Expert expectations, reports shows that Chinese banks will likely trim their benchmark loan prime rates Monday for the first time in months to help spur borrowing demand and reverse a sharp slump in consumer and business sentiment,” per Bloomberg’s latest survey published on late Thursday.
WIKIFX REPORT: AUDUSD Correlation | A Top Currency Pair to Trade via CFD
The Australian dollar/U.S. dollar (AUDUSD) currency pairing is one of the most volatile currency pairs in the financial markets. From a volume-traded perspective, both are classified as major global currencies. This currency pair is ranked as the sixth highest pair for trading in the world, accounting for around 7% of all worldwide currency trades annually.
WikiFX report: AUD drops on Employment Figures
The Aussie Dollar has seen a drop in its price due to wage and unemployment data released over the past day and a half. The economic data shows that unemployment has fallen to its lowest level in nearly 50 years with the jobless rate at 3.4% compared to analysts expecting the figure to remain at 3.5%. Wages also rose modestly in the last quarter to 2.7%, however this is still a far cry from the 6.1% inflation figure. The AUD’s weakness came on the removal of 40,900 roles from the economy vs the previous month as opposed to expectations of a gain of 25,000. The report indicates that the labour market might just be starting to feel the pinch and that growth is beginning to slow. These figures give the RBA more flexibility in its next cash rate decision with the option for a 25 bps rise instead of 50 bps now being a realistic possibility after 3 consecutive 50 bps raises.
Mohicans markets ：Federal Reserve Officials Make Hawkish Remark Again Economic Recession and Increasing Production drag on Oil Prices
On Thursday August 18, spot gold gave back most of its gains from a high of $1,772.30,falling about $17 at one point and breaking below the $1,760 mark. It finally closed down 0.18% at $1,758.49 per ounce. Spot silver closed down 1.24% at $19.54 per ounce.The U.S. dollar index pulled up sharply in the U.S.session and broke through the 107 mark.
WIKIFX REPORT: ATFX expands services to LEVANT via new Jordan operation
ATFX announced its foray into the LEVANT region through a Jordan partnership with Amman-based brokerage & investment firm ASWAQ Invest (Emerging Markets or EMGCM).
WIKIFX REPORT: ATFX UK sees Revenues drop in 2021 as it ceases serving Retail clients
ATFX UK (or more formally AT Global Markets UK Limited), the FCA regulated arm of Chinese controlled retail FX broker ATFX, saw a slight decrease in Revenues is fiscal 2021 (year ended October 31, 2021), although by reducing costs the company was able to reverse the previous year’s net loss.
WIKIFX REPORT: ATFX Trading Volume Exceeded $400 Billion in Q1 2022
ATFX recently released its quarterly report for Q1 2022. The company's trading volume in the first quarter was 402 billion US dollars, and it maintained a high growth rate in the number of active investors. In addition, the broker recorded an improvement in the trading of individual assets such as energy and currency pairs. Overall, ATFX trading volume continued to lead the industry in the first quarter.
What’s Moving The Markets? Date: August 11th
This week all eyes the attention has shifted to critical news events coming out of the UK and US. Read our week ahead article today and find out Connor Woods’ opinion on this week’s events.
08/18 Market report
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
Mohicans markets：Gold and Silver Rise Weakly The Gravity of Oil Prices Moves Down
Spot gold was narrowly ranging during the pressure session on Thursday,August,18,continuing to be limited by the pivot point at 1766.24.Spot silver was lower below the pivot point at 19.87, with primary support at 19.43.
GemForex - EUR/USD
EURUSD Forecast: Vulnerability ahead of fresh EZ economic data, FOMC
Mohicans markets：Excessive Rate Hike Worries Support Gold Prices Falling Crude Inventories Boost Oil Prices
On Wednesday August 17, spot gold rose to a daily high of $1782.16 before plunging about $23, once falling below the 1760 mark. It eventually closed down 0.78% at $1761.68 per ounce. Spot silver followed gold lower and fell below the $20 mark. It finally closed down 1.77% at $19.79 per ounce.
WIKIFX REPORT: Ronaldinho joins Olymp Trade as an ambassador
The worldwide famous football player has now joined a new team with a goal to attack the financial market
WIKIFX REPORT: How online trading can beat fuel price hikes and inflation – CMTrading
Online trading is booming. Despite market conditions during the first half of 2022, there’s never been a better time to get involved with the financial markets.
WIKIFX REPORT: CMTrading opens new Abuja office
Lagos, 31 May 2022 – CMTrading Nigeria, recent winner of Nigeria's Best Financial Broker, is expanding its Nigerian footprint and opening a new office in the Nigerian capital, Abuja.
WIKIFX REPORT: Trade Nation become official FX trading partner
Wolves have secured a record sponsorship deal with leading online trading platform Trade Nation, who become the club’s official FX trading partner ahead of the 2022/23 campaign.
WIKIFX REPORT: NinjaTrader, Tradovate Among First to Offer New Nano Bitcoin Futures from Coinbase
NinjaTrader Group, LLC, a global leader in clearing, brokerage and technology solutions for active traders through its subsidiaries NinjaTrader and Tradovate, today announced that that its firms are among the first to offer the new Nano Bitcoin futures (BIT) contract just launched by Coinbase Derivatives Exchange. Individuals can trade this cryptocurrency futures contract via NinjaTrader or Tradovate without any commissions or market data fees.
WIKIFX REPORT: Hong Leong Bank owner exploring options for stake in Malaysian lender
Malaysian billionaire Quek Leng Chan is exploring options for his stake in Hong Leong Bank, Reuters reported citing unnamed sources familiar with the matter.
The Importance of Learning Forex Before Starting Trading
As mentioned earlier, there is square measure some basic commercialism skills for beginners. Some of this knowledge can also be a strategy for playing smart rules, you can find out the importance of learning forex trading for beginners with some of these strategies.
Some Profitable Things in Forex That You Should Know
A profitable thing is many things that influence traders to get profit in this business. So, traders should know how to run this business.
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