【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
Those of you joining a broker for the first time will ask why they asked for trader personal information. But it's not for a wrong cause. For many reasons, brokers also need to require you to fill in personal data before trading.
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Yesterday the GBP/USD traded higher and closed the day in the positive territory around $1.2210. Today it was trading in a narrow range of $1.2190-30, staying close to a 4-week high. On the hourly chart, the GBP/USD is still trading above the MA (200) H1 moving average line ($1.2080).
Based on Yesterday’s US CPI report for December, while positive for the narrative that inflation is falling back sharply, as well as reinforcing the belief that the Fed will implement another downshift in the pace of their rate hiking cycle to 25bps, also presents the FOMC with a problem.
On Thursday, stimulated by the slowly cooling CPI data, the spot gold plummeted nearly $14 in the short term, and then rebounded rapidly, breaking the 1900 barrier for the first time since May last year.
WCG Markets:2023-01-13
The end of December marks the end of the year 2022 and it has turned out a great year for GemForex
On Thursday (January 12), in the Asian session, the spot gold rose in volatile. The current trade price is around $1883.80 /ounce, approaching the new seven-month high of $1886.50 /ounce hit overnight. The market expects that the US CPI data will show a slowdown in the growth of inflation, and the US dollar is weak at the low level in the past seven months, providing support for the gold price.
The Japanese Yen is little changed against the greenback so far this week despite the broader DXY (USD) index making a seven-month low on Monday. The Japanese yen has somewhat retreated against the US dollar, the current quote being 132.14.
Over the last few months, the Federal Reserve has played an increasingly significant role in affecting the global economy and stock market. Unless you’re a new investor, you’ve likely heard the news: “The Fed hiked interest rates by 75 bps. Chairman Powell holds a hawkish stance towards future rate hikes.” Your portfolio has probably suffered, with growth stocks and long-term treasuries losing significant value in 2022.
At the close, the FTSE 100 came off its highs but still saw a 0.4% gain to close at 7,725 points. The focus now turns to tomorrow's US inflation figures.
The famous Fibonacci numbers often appear to have strong correlations with nature, and their relevance to forex trading is no exception as they influence the financial market as well. Developed by Joseph Granville in 1963, Fibonacci Retracement Indicator helps forex traders identify potential support and resistance levels in a currency pair. This article explains how to use a Fibonacci Retracement Indicator to increase your trading profits!
The US consumer price index for December will be published this week, and there is a chance that the inflation rate has fallen from 7.1% to 6.5% year-on-year. While this is not the most important inflation report for the Fed, it is vital for capital markets.
Traders must watch its movement until become profitable, and traders must know who controls forex because its movement is always unpredictable.
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
On Wednesday, the spot gold started to rise in the Asian session, reaching the intraday high of 1886.53 US dollars, but it gave up all the gains and turned down in the US session, and finally closed up 0.07% to 1875.46 US dollars/ounce; Spot silver once stood at the $24 mark in the day, and then fell with the fall of gold, finally closing down 0.78% at $23.75/ounce. The copper price has exceeded US $9000/ton for the first time since June last year.
WCG Markets:2023年01月12日黄金市况分析
performance, growth, summary, estimation
Some traders will get bankrupt because of some factors that will make them lose money, thus traders should know how to avoid bankruptcy in forex trading.