简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Abstract:USD was bid in Tuesdays session with DXY finding strong support at its 200 Day MA and pushing up to test the big 104 figure before losing steam.
USD was bid in Tuesdays session with DXY finding strong support at its 200 Day MA and pushing up to test the big 104 figure before losing steam. DXY did have a sharp dip on big miss in the JOLTS employment data though a strong ISM Services PMI figure offset that and saw DXY rally for the rest of the session. Interestingly yields didnt recover the same way, with the US 10-Year yield falling to 3-month lows showing the USD strength was more of a technical pullback from oversold levels and haven flows on a choppy equity market.
AUD was buffeted by a strong USD and fallout from the RBA rate decision. The central bank kept rates on hold as expected but the accompanying statement lacked the hawkish messaging that AUD bulls were looking for. AUDUSD pushing decisively below its 200-day MA support level and printing a low of 0.6545. The previous range top of 0.65 will be the key level to watch to the downside coming into todays Aussie GDP report.
Gold continued its steep decline after setting all-time highs on Monday. XAUUSD attempted an Asian session rally but reversed course as the US came online breaking lower to test the 2009 resistance/support level. USD and a technical pullback from extreme overbought conditions seemingly the main driver of the precious metal. Gold traders will be watching if the previous established resistance level at 2009 now switches to support.
Crude oil declined for a 4th straight session on USD strength an inventory builds and concerns the “voluntary” nature of the recently announced OPEC+ production cuts may not happen. There was an initial move higher after a Russian press report of comments from Deputy PM Novak saying Russia intends to fully fulfil its obligations to voluntarily reduce oil output as early as January. The initial pop didnt last though and crude trended lower for the rest of the session hitting 5-month lows.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
VPFX obtains UAE SCA Category Five license, enabling FX and CFDs promotion. Learn about its expansion and broker services at vpfx.net.
In today’s article, WikiFX made a comprehension review about HERO to help you better understand this broker. We will analyze the reliability of this broker from specific information, regulation, exposure, etc. Let’s get into it.
eToro is an intuitive online trading platfrom that features social trading solutions, a unique being in the industry, with great popularity among both novices and seasoned traders. On the eToro platform, traders can trader over greater amount of stocks and ETFs with zero commission charged,anencouraging feature was later adopted by many of its competitors. 55 currencies can be traded, with spreads starting at 1 pip (typically on the euro/usd pair), not that competitive, and a trading fee of 1% trading fee of 1% applies to crypto trading. Opening a trading account is quite easy for investors, and demo accounts (funded with $100,000 virtual money) are also provided to enhance beginners' trading courage. However, a major disencouraging point is that this broker has a more limited platform options, only eToro proprietary trading platform and MetaTrader (MT4) supported.
Founded in 1983, City Index is a long-established online trading platform specializing in CFDs on an extensive range of markets covering Indices, Shares, Forex, Gold & Silver, Commodities , spread betting (for UK clients only) , future trading. City Index features comparably low forex trading fees, simple and quick account opening process, ideal for retail investors to experience trading process here. However, this broker does not support social trading and provides limited cryptocurrency choices.