Financial markets are likely to remain at the mercy of US politics despite a flurry of speeches from key central bankers and several big-splash releases on the economic calendar. Source: Daily FX – Forex Market News
Ultimate Forex Trading
There are different methods of trading on Forex, such as forward outfights or trading on margin, which are processes that have different modes of commission percentage. There are many advantages in currency trading such as higher liquidity, 24 hour business, high leverage ratio and more. Forex trading is considered to be one of the most happening markets, and people have a huge potential in the falling market.
Some of the strategies that people should know before entering the Forex trading are, how to analyze the quotes, and one should have a wide knowledge in understanding the contract size in the market. Trading in the Forex market allows very low market requirements when relatively compared to other markets.
USD/JPY may continue to give back the rebound from the 2017-low (107.32) should the Federal Open Market Committee (FOMC) Minutes highlight the risk for a dovish rate-hike. Source: Daily FX – Forex Market News
A monthly opening-range break shifts the focus lower with the decline now eyeing initial support targets. Here are the updated targets & invalidation levels that matter. Source: Daily FX – Forex Market News
Private investment in fixed assets slowed down for the fourth straight month, raising concerns on the economy. At the same time, development in SOEs and stock trading links could lead to mixed moves in Chinese equities. Source: Daily FX – Forex Market News
USD/JPY falls back from a fresh weekly-high (113.91) as Federal Reserve officials signal a more shallow path for the benchmark interest rate. Source: Daily FX – Forex Market News
Fresh comments from ECB officials may tame the near-term rebound in EUR/USD as the Governing Council remains in no rush to move away from its easing-cycle. Source: Daily FX – Forex Market News
Financial markets look set for another volatile week as top-tier economic data flow amplifies price swings driven by speculation about US fiscal policy. Source: Daily FX – Forex Market News
GBP/USD appears to be on its way to test the November-high (1.3321) as it breaks out of the narrow range from earlier this week. Source: Daily FX – Forex Market News