A turning point is a time at which an important change takes place which affects the future of a person or thing. With that, The RBA surprised markets this week by slowing the pace of rates increase, opting for a 25bp move against expectations of a 50bp increase. Meanwhile, the RBNZ continued to show a heavy hand against domestic inflation pressures, having delivered a fifth consecutive 50bp rate hike.
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The start of Q4 has proven fruitful for the traders who believe max-hawkishness is here. Indices like the S&P500, NASDAQ100, and Dow Jones are all up this week and performing extremely well. Furthermore, the dollar is down. Is this the start of a U-turn in the markets?
Some reasons make traders choose a broker without consideration on every side.
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
Forex trading is not a gambling, it is one of the most popular instrument activity that makes many profits for its trader or investor.
For A long time, many people just knew about foreign currency in forex trading. However, there is gold that can be chosen in forex trading.
People use this long term type because it is safer. Besides that, they don’t need to do too many researches in a day for finding the chance and it is really efficient for saving more time.
The week ahead: The Dollar keeps dictating the markets
Today marks the beginning of Q4, after what has been a rough year so far. Could it be about to get worse for the global economy, or can the situation stabilise? Make sure you are reading our week ahead article each week to find out all the main talking points.
There are two types of investment, namely short-term investment and long-term investment. Both have their own advantages and disadvantages. However, to be able to get the maximum profit, more people choose long-term investments than short-term investments.
Focus on the industry highlight event, and explore the new future of trading. MHMarkets, the world's leading currency and CFD broker, is committed to providing better trading services to global traders and expanding its international markets.
On Thursday, September 29, during the Asia-Europe period, spot gold fluctuated and rose, and is currently trading around $1,673.02 per ounce. U.S. crude oil rebounded from a low level and is currently trading around $81.28 a barrel, recovering a sharp overnight gain.
On Thursday, spot gold first fell and then rose. The US market once rose to a high of $1,664.78, and finally closed up 0.04% at $1,660.57 per ounce; spot silver finally closed down 0.34% at $18.82 per ounce.
A decline in the euro to 0.9646 in the first half of the day triggered a false breakout and a buy signal. As a result, the pair' rose by 60 pips. After reaching 0.9695, bears tried to take control of this level, which led to a sell signal. It was After updating its multi-year lows again, the major currency pair rebounded. The current quote for the instrument is 0.9656.
At the moment, the asset may reverse in the form of a new descending impulse. In this case, the downside target may be at 1615.00.
The instrument is currently moving above Ichimoku Cloud, thus indicating an ascending tendency.
On Thursday, September 29, during the Asia-Europe period, spot gold fluctuated slightly and was currently trading around $1,652.26 an ounce. U.S. crude oil fluctuated in a narrow range and is currently trading around $81.63 a barrel, holding on to its sharp overnight gains.
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.
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】