A lot of traders want to reach how to get high profit than usual in this unstable economic situation, thus traders must know its movement from the forex road map.
The U.S. Senate is expected to hold an initial procedural vote Thursday on a week-long stopgap funding bill to avoid a partial government shutdown ahead of a midnight Friday deadline, a Senate Democratic aide said.
Crude oil is expected to trade at 73.83 USD/BBL by the end of this quarter, according to Trading Economics global macro models and analysts' expectations.
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
Despite the size of the gold market, how it is traded is often poorly understood. The gold market is inherently global and gold is traded continuously throughout all time zones.
It's a busy week for market players everywhere as we price in FOUR central bank decisions and a few key inflation and labor market reports. All major central banks will be in the spotlight this week as they gather for their last meetings of the year.
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
During the Asian European session on Thursday (December 15), Beijing time, spot gold was volatile and weak, hitting a two-day low of 1789.47 US dollars/ounce. The Federal Reserve raised interest rates and hinted that there would be multiple interest rate hikes next year. The speech of Federal Reserve Chairman Powell also tended to be hawkish, which significantly suppressed the gold price.
A lot will depend on the Fed's decision and its outlook for the next year. Positive forecasts may play on the side of the British pound, given that yesterday's inflation data in the US showed that prices slowed more than expected. The GBP grew significantly against the USD. The current quote is 1.2340.This surge of optimism was solely thanks to the weakness of the USD.
European stocks were muted after rallying the most in a month on the back of softer US inflation on Tuesday, as investors turned cautious ahead of a Federal Reserve policy decision later today. And where it's widely expected we’ll see a downshift to a 50bps rate hike, as inflationary pressures subside.
Some people are making the forex business their main job to get income, therefore they should know how to make a strategy about forex living trading.
On Wednesday (December 14), the Federal Reserve slowed the rate increase to 50 basis points as scheduled. The dollar index rose to 104.2 after the resolution was issued, and then fell below 104 again, closing down 0.36% at 103.62. Non US currencies generally rose again after a short decline. The euro stood at a six-month high of 1.068 against the US dollar, the pound stood at 1.24 against the US dollar, and the US dollar once fell below 135 against the Japanese yen.
If we were to make a list of some of the most volatile elements in the world, there is no doubt that cryptocurrencies would be at the top of it. Because of the tug-of-war-like action between buyers and sellers in the crypto market, the volatility in crypto and especially Bitcoin (BTC), can be extremely high, causing wild swings in prices. That’s exactly why savvy bitcoin traders love riding extreme fluctuations to make profits.
WCG Markets:2022-12-15(GOLD)
On Wednesday (December 14, Beijing time), during the Asian European session, spot gold fluctuated in a narrow range. At present, it is trading near 1810 US dollars/ounce. After the overnight US November CPI data was weaker than the market expectation and the previous value. The market generally strengthened the expectation that the Federal Reserve would slow down the pace of interest rate increase.
On Tuesday (December 13), the US November CPI data was lower than expected, which further confirmed the expectation that the Federal Reserve would slow down this week. However, in the afternoon of the US stock market, there was a rumor that the CPI was leaked in advance. CPI data triggered sharp fluctuations in the market.
Thinking of ways to forex investment during recession will require clarification. Because in a recession, nothing can be predicted.
As we draw closer to the year-end of 2022, there are likely many tasks you want to complete before the new year. However, reviewing your ‘trading portfolio’ must be one of your top priorities which must not be neglected. Successful traders always revisit and review their trading portfolios every six months, quarter, or year to ensure that they are not drifting away from their initial financial targets.
According to the recent data, USD/MXN is falling sharply on Tuesday amid risk appetite and a weaker US Dollar across the board. The pair reversed sharply from monthly highs after the release of US inflation numbers.
As service-oriented company that continuously improve and innovate our trading platform to provide only the best trading experience to their customers, Dxfx is hereby informing their users about some changes in the trading session. To ensure trading operations are not affected during the Federal Reserve interest rate decision meeting, the company will adjust the pending order limit from 01:00 December 15th, 2022. And the limit will be restored to normal level at 02:30.