What Will EU Lose After Brexit?

Britain has officially left the European Union on January 31st , 2020, and will soon start negotiations with the European Union regarding bilateral relations in the future. It is believed that Brexit will cause negative impacts on the European Union in multiple aspects.

AUD’s Trend Is Affected by Macro Economy

Latest statistics show Australia’s annualized CPI from Q4, 2019 to be 1.8%, lower than the central bank’s 2%-3% long term target range, which the inflation fails to reach ever since 2017.

What Do the Economic Indicators Say About GBP

British general election at the end of 2019 was conducted against a sluggish economy. Latest statistics show that Britain’s economy growth is stagnant and the once strong labor market has weakened. In the first half of 2020, the pound will need to navigate through the domestic economy, central bank policies and the crucial March budget. In addition, the Brexit negotiation is still in its preliminary stage, whether a free trade agreement can be successfully concluded will also be critical.

CAD Will Have Less Upward Momentum in the New Year

As the G10 currency that performed the best in 2019, Canadian dollar may see a rather smooth horizontal trend this year partly because weakening domestic economy, and partly because the positive influence of easing trade tensions has been fading. CAD rose 5% against the USD in 2019, with nearly half of the increase gained in the last few weeks, benefiting as several other currencies from a reduce of risk factors at the end of 2019.

Aussie Faces Weak Demands Both Home and Abroad

Australian economy appeared sluggish in 2019. Stagnant wage growth and debts piling up have made consumers significantly reduced their spending, and though Reserve Bank of Australia had lowered the interest rate by 0.75% through 3 rate-slashes, private consumption remained low.

USD/JPY Dropped Below 110

For the first time since May, the yen’s rate has dropped below 110 per USD, as positive outlook for the trade agreements has weakened market demand for safe-haven assets. Before the first phase of the trade agreement was signed on Wednesday, the U.S. government removed the “currency manipulator” label imposed on China.

Bushfire Will Reduce Australia’s GDP by 0.3%

The Reserve Bank of Australia is likely to mention the negative effects of the wildfire on economic outlook in the February policy statement. The main short term impact of wildfire will be on farm production and private investment.

Hedge Funds’ Outlook for USD Is Bearish for the First Time Since 2018

The January Effect in Gold’s Trend

From historical trends, gold usual fares quite well from the first trading day after Christmas until late January next year, falling only in 2009 and 2010, while increasing in other years during this period, with an average growth of 5%. History suggests that late December is a good time for purchasing gold, as the price usually rallies at the end of the year and early January next year.

Will Euro Close Above the Level of 1.12 ?

Statistics show Germany’s manufacturing PMI in December reached 43.4, less than the expected 44.6. Overall, manufacturing PMI of the whole Eurozone sat at 45.9, a decrease from the previous 46.9 and lower than the expected 47.3. The protest that broke out in France recently is also worrying.

Gold May Bottom Out in Mid-December

From a seasonal point of view, gold price tends to bottom out near mid-December and may soon see a reverse trend. According to World Gold Council (WGC) data, global gold ETF holdings have lost about US$1.3 billion from the peak in September.But even so, gold ETF holdings have increased by almost 35% this year; if the US dollar index falls below 96, gold will likely start to rise again.

BIS Warned the Forex Market against Possible Liquidity Crunch

Bank of International Settlement (BIS) recently issued a warning to the forex market, saying that the proliferation of forex platforms and investment channels has led to a greater dispersion of capital, which can increase the risk of liquidity crunch for some forex brokers in times of high market volatility. Though JP Morgan’s latest global forex volatility index is at a record low since 2014, the forex market faces new risks as signs of fluctuation emerge.

WikiFX Visited ADSS, a British Forex Broker

Registered in the United Arab Emirates, ADS Secruities LLC. (aka ADSS) has engaged in Forex brokerage business for about 10 years and held the FCA(UK)’s MM license and SFC (HK)’s Futures & Forex license.

WikiFX International goes live in Shanghai Choosing Forex Brokers

Finding the right broker can be a tough for any trader. WikiFX, a platform for choosing brokers, went live in Shanghai with its International Platform on 13th February.

Top 10 most complained Forex brokers in January

At the beginning of 2019, “Exposure” of WikiFX still received many complaints against Forex Brokers, and the amount didn't decrease.

WikiFX international version officially landed in Thailand

With the launch of WikiFX international version, more and more Forex investors of different countries can enjoy the unparalleled service of WikiFX.

Forex brokers worldwide with rating below 5 regulated by CYSEC

More investors concerns about the performance of Cyprus regulators recently. "CYSES" , the short form of Cyprus Securities and Exchange Commission, is the financial regulatory bodies of Cyprus. Cyprus is the European countries, an island located at the east of Mediterranean Sea, and he officially joined the EU by 1st May 2004.

65 business-overrun brokers worldwide regulated by ASIC (AUS)

Australia is one of the countries with most of the global Forex brokers and has established robust position in Forex market.

Cloned license brokers worldwide claimed to be regulated by FCA

As the Chinese Lunar New Year is coming, lots of our clients will be busy in visiting their friends and relatives and enjoy the wonderful moment with them in joyful atmosphere. Investors should be aware of the trading platforms and safeguard their own rights, especially during the holidays.

WikiFX wishes you a Happy Chinese Year of Pig

The Chinese Lunar New Year is coming in a few hours later. WikiFX presents our heartfelt thanks to all the friends who support and care us! Thanks for your comments, supports and encouragements in the past years.