USD on Pace for Its Biggest Loss in the Decade

WikiFX

| 2020-08-02 18:00

Abstract：WikiFX News (1 Aug) - USD is experiencing its longest downtrend since 2010, while the consecutive decline recently is the second worst one since April 2011. The future trend of USD is now testing market sentiments.

WikiFX News (1 Aug) - USD is experiencing its longest downtrend since 2010, while the consecutive decline recently is the second worst one since April 2011. The future trend of USD is now testing market sentiments.

In terms of GBP/USD, it keeps gaining although GBP is struggling with the lack of progress on post-Brexit trade negotiations with the EU. Meanwhile, USD/JYP makes no advance in the past month, although they both enjoyed yields as safe haven currencies at the beginning.

USD is the reserve currency which used most heavily in the world. But it is facing a serious systemic problem, that is, how currency stabilization will tend to be in the future. Currently, forex traders should beware of volatility. With more cases of coronavirus confirmed globally, a wider fear may arise from the impact of the epidemic on growth and trade.

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Recently Market.online was reported for rejecting withdrawal and miscounting trading lots by Mpyane Herman. Unfortunately, Mpyane Herman now is one of the victims of Market.online, facing 4,535 dollars loss which is a greater-and-longer impact on his life. This case also breaks the record of the biggest loss kept for half a year.

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How to choose the best leverage level

Archimendes said: “Give me a fulcrum, I can lift the whole earth”. This is the earliest appearance of the concept of leverage. The word leverage dates from 1724 and was originally used to describe the action of a lever. By 1824, by which time the Industrial Revolution was fully underway, the scope of the word had expanded to include the power of a lever and therefore the obtaining of a mechanical advantage. It is simple to say that if you want to invest $10,000 in the forex market, you can to it by leverage with small investment. Leverage is a financial tool, which can magnify the result of your investment, including gain or loss at a fixed ratio.

Original 2020-08-16 18:00

Oil Prices Hit Fresh High on Uncertain Outlook

WikiFX News (6 Aug) - WTI crude oil embraced a steep rise in prices, up 4.5% to the high level of $43.68, compared to its low level of $41.76. It has recorded a fresh five-month high since March 6. Nevertheless, the outlook of oil remains uncertain because of the insufficient upward momentum in future oil prices resulted from the sluggish job growth in the United States.

Original 2020-08-06 16:37

Weekly Focus: USD Outlook Bearish

WikiFX News (3 Aug) - In the following week, USD may keep retreating under the pressure of stock markets and Fed rate decision.USD may decline if earnings reports from large-cap companies such as HSBC and Disney put a discount on haven-linked assets.

Original 2020-08-03 17:22