On Friday, spot gold climbed strongly to a two-week high, eventually closing up 1.03% at $1,854.97 per ounce, which was the biggest one-week gain since mid-January; spot silver was also strong, eventually closing up 1.69% at $21.24/oz, its first weekly gain in six weeks.
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
Determining the volume of currency units to accumulate in a trade often appears to be confusing for novice forex traders. They tend to pick a random position size based on their level of confidence in a trade. Yet, experts claim that the most important aspect of building wealth in your portfolio is the position size of your trade. No matter how good your strategy is, if your position size is too large or too small, you'll either take on too much or too little risk.
Despite U.S. bond yields continuing to climb and the 10-year going above 4% in yield, U.S. stocks managed to rebound nearly 1% on Fed Bostic comments. Hong Kong and China stocks slid and gave back some of the gains from the previous session in the absence of notable headlines ahead of the “two sessions” meeting starting this weekend.
Business intelligence firm MicroStrategy and stablecoin issuer Tether have become the latest two firms to publicly deny any meaningful exposure to Silvergate Bank.
Market data shows that the dollar index barely changed from Friday. The US dollar spent most of this month on the ropes, pressured by signs that inflation is simmering down and speculation that the Fed is in the final chapters of its tightening cycle. Yet, the reserve currency came back swinging on Monday, regaining lost ground with some help from safe-haven flows.
There are 2 kinds of trading style, that is trading for living and trading for long term or (investing). Both of them need the right strategy and accurate analysis.
On Friday (March 3), the spot gold fluctuated slightly, and is currently trading around 1838.5 US dollars/ounce. The hawk of the Federal Reserve, Bostock, said that slow and steady will be the appropriate path of action, explaining the reason why the Federal Reserve insisted on "steadily" raising interest rates by 25 basis points at each meeting in the future, which alleviated some investors' concerns that the Federal Reserve might expand the pace of interest rate increase. On Friday, the US dol
On Thursday, the spot gold range fluctuated, briefly falling below the $1830 mark, and finally closing down by 0.04% to $1836.06 per ounce, ending three consecutive daily increase; On the whole, spot silver fell first and then rose, and finally closed down 0.47% at $20.9 per ounce.
As the European Central Bank looks set to raise interest rates again, why do central banks raise rates?
EUR/USD carves a series of lower highs and lows as it continues to pull back from the weekly high (0.9876), and the exchange rate may depreciate over the coming days as the rebound from the monthly low (0.9632) appears to have stalled ahead of the 50-Day SMA (0.9902).
The dollar index (DXY) has reversed over a quarter of the losses sustained during that period and is currently trading at levels seen in December.
WCG Markets:2023-03-03
How many of you think that the ultimate secret of success in forex lies in finding the right trading strategy? What if we tell you that merely having a trading strategy isn’t enough, as you need to modify your trades in accordance with changing market conditions?
You must know how much your capital is most likely the returns. Even more, if you add your capital as proper risk management.
On Thursday (March 2), the spot gold fell slightly in the Asian period, and currently trading around 1832.80 US dollars per ounce, because the market's expectation of a higher terminal interest rate of the Federal Reserve and the expectation of maintaining a higher interest rate level for a longer period of time continue to provide momentum for the rise of the US bond yield. The 10-year US bond yield hit the highest point since November 14 to 4.028%, and the US dollar also rebounded slightly, pu
On Wednesday, the spot gold continued to rise, breaking the 1840 mark in the middle of the day, and then narrowed, and finally closed up 0.61% to $1836.72 per ounce; Spot silver fluctuated sideways and ended up 0.51% at $20.99 per ounce.
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
Forex trading is a popular form of investment in the global financial markets, and one that can yield significant profits if done correctly. In this guide, we will provide you with a step-by-step guide on how to start forex trading. We will cover the fundamentals of forex trading, choosing a broker, setting up an account, analyzing the currency market, making trades and managing risk, utilizing forex trading strategies, preparing for long-term success, keeping track of your profits and losses!
If you’re looking to opt for a trading strategy that’s as old as your great-grandma’s pearls, but still manages to hold its ground in the fast-paced world of forex, then look no further than the Buy and Hold Strategy. Certainly, it may not be as flashy as some of the newer, trendier strategies out there, however, it has maintained a solid track record and reliability that's as soothing as a cup of hot cocoa on a cold winter day!