Unit count of forex is lot and PIP. All business people in the forex business must know about both of them. So, they know how much capital should they use.
On Tuesday, spot gold dived sharply in the U.S. market and once fell below the $1700 mark, eventually closing down 1.30% at $1702.08 per ounce; spot silver dived with gold, eventually closing down 2.30% at $19.33 per ounce.
On Tuesday, September 13, spot gold tested 1723.97 resistance, and then the market faces a choice of direction; spot silver gained some support at 19.52, with the first upside target to 19.94; WTI crude oil recovered all the lost ground in the session, the primary resistance focus on 89.17; the dollar index under pressure at 108.34 below, which was down to test the 108 mark.
The week ahead: The market is set for more rallies
On Monday September 11, spot gold rose and then fell. After the US market rose to a daily high of 1735.03, it gave up most of the previous gains and fell below the $1730 mark, and finally closed up 0.43% at $1727.47 per ounce;Spot silver once soared 6% during the day, and broke through the $20 mark, and finally closed up 4.99% at $19.78 per ounce.
OctaFX joins AWARD association in providing emergency aid to 250 families of the flood-hit Taunsa, Dera Ghazi Khan District, Pakistan.
Forex trading or commonly referred to as foreign exchange trading is a trading activity that involves two foreign currencies from two different countries with the aim of being able to make a profit.
The carry trade strategy is maybe looked quite difficult and complex to do. However, actually it doesn’t like that as long as you understand the concept that it has.
Inflation has dominated the markets so far this year, with staggering Consumer Price Index figures being released all over the world. This week’s attention turns to the most volatile CPI release in the economic calendar this month, U.S CPI.
Traders are always checking every news or speech made by this central bank or its representatives. The example is for finding a clue whether this institution will raise or cut it’s interest rate
Index / Stocks / Crypto / Metals / Commodity & Futures / Forex
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
Spot gold extended gains on Friday, September 9, testing its first upside target of 1727.34, with resistance at 1736.05. Spot silver’s primary resistance is at 19.32. WTI crude oil rallied briefly, watching for a challenge to first resistance at 85.16.
The aim is to learn how the system Works and use it as a way to make their skill better.
GKFX Financial Services Limited, Global Kapital Group's UK-based subsidiary, has released its financial results for the fiscal year 2021, which ended on December 31, 2018. Although the broker's yearly turnover from its trading company decreased, it dramatically reduced its losses.
On Thursday, September 8, spot gold rose and then fell, backed below the $ 1710 mark, and finally closed up 0.53%, at $ 1708.59 per ounce; spot silver rallied and fell, and finally closed down 0.51%, at $ 18.42 per ounce.
With Europe set to tighten monetary policy dramatically today along with the Federal Reserve Chairman Jerome Powell’s press conference, risk assets are showing some fight. The question is how long can this last?
Spot gold extended its rally during the Asian and European sessions on Thursday, September 8, as the dollar index paused on its upward trajectory, limiting gold price declines. Cautious investors await the new ECB interest rate resolution and the Fed Chairman Powell’s upcoming comments later in the day. At 15:06 GMT, spot gold rose 0.26% to $1722.43 per ounce; COMEX futures gold main contract $1733.5 per ounce; the dollar index moved up 0.09% to 109.655.
Since the beginning, you have to decide the amount of money that will be used for every transactions.
On Wednesday, September 7, spot gold oscillated upward, approaching the $1,720 mark, and it eventually closed up 1.01% at $1,718.41 per ounce; spot silver stood at the $18 mark, eventually closing up 2.22% at $18.45 per ounce.