 | submitted by cjaygamz002 to CryptoAsiaSea [link] [comments] |
 | submitted by Wetalktrade to u/Wetalktrade [link] [comments] |
 | submitted by Wetalktrade to wetalktrade [link] [comments] |
 | submitted by Wetalktrade to u/Wetalktrade [link] [comments] |
 | submitted by yateeshcsfx to financialmarkets [link] [comments] |
submitted by harleydavidson789 to easymoneyforteens [link] [comments]
 | It seemed that Boris Johnson should have crashed the sterling by the domestic market bill. But it was only a part of the plan. Let us discuss the pound prospects and make a GBPUSD trading plan. submitted by Maxvelgus to Finance_analytics [link] [comments] Fundamental Pound forecast for this weekHow to make a nation happy? Ruin the hopes for the bright future and bring them back. The UK domestic market bill, which allows canceling some paragraphs of the EU-UK deal signed last year, could have ruined the last hopes for a Brexit deal. The UK has created problems itself and was going to face new tariffs after December 31, which would hit the UK economy, already weak. Fortunately, the chance to sign the EU-UK trade deal has increased, and the pound is strengthening.All or nothing. The final round of the EU-UK talks should clarify the situation, also for the sterling future trend. The progress suggests moving into the next stage of the “tunnel” negotiations to allow both sides to discuss detail and present the draft deal at the EU summit in mid-October. Otherwise, if the negotiations fail, the chance of a no-deal Brexit will surge. The pound traders are preparing for the market turmoil, as the GBP will be somewhat responsive to any news about Brexit talks. The EU’s chief negotiator, Michel Barnier, told there was “a more open atmosphere at the negotiating table.” Moreover, Bloomberg’s source familiar with the matter suggests that the EU will demand the withdrawal of specific provisions on the UK internal market bill in exchange for concessions. The GBPUSD bulls went ahead and sent the rate above the top of figure 29 for a while. Reaction of pound to positive information about BrexitSource: Reuters. If the Brexit deal is signed, Boris Jonson’s game will be useful. The UK often exaggerates the crisis scale to fuel the positive news after the problem is solved. If so, the BoE will have no reasons to cut the interest rates below zero. Expectations for the BoE rate cut were one of the drivers for the sterling’s drop in September. Some BoE officials, including Andrew Bailey and the deputy Governor Dave Ramsden, say there is no need for negative rates. Their opponents, including Silvana Tenreyro, note that in other countries, the banking system has adapted to similar monetary policy. We shouldn’t deceive ourselves about the positive influence of the UK fiscal stimulus on the pound rate. According to Goldman Sachs, the new financial aid package won’t save the UK labor market form either the loss of another 2.2 million jobs or the unemployment growth to 9%, which is two times more than the current level. GBPUSD trading plan for the weekBrexit and nothing else will determine the sterling trends for the near future. The progress in the Brexit talks encourages the GBPUSD bulls. Pound volatility should be very high during the week through October 2. If the UK-EU talks succeed, the price could hit 1.33. If the pound buyers break out the resistance at $1.2925-$1.293, it may be a signal to buy the GBPUSD. There must be a stop loss, as the lack of progress could send the pair towards 1.2.For more information follow the link to the website of the LiteForex https://www.liteforex.com/blog/analysts-opinions/pound-escaped-from-the-scaffold-forecast-as-of-29092020/ ?uid=285861726&cid=62423 |
 | Fundamental euro forecast for todayEUUSD bulls do not believe Christine Lagarde’s optimismECB is monitoring the euro exchange rate, but it is not willing to start a currency war now. Christine Lagarde expressed optimism about the euro-area economic recovery, the ECB president hasn’t signaled the further monetary easing in the near future. Lagarde’s speech should have encouraged the EUUSD bulls, but they didn’t believe the good news, so they didn’t go ahead. It looks like a catch. The ECB officials express concerns about the euro strengthening ahead of the Governing Council meeting, and, next, the ECB president sounds hawkish.At the press conference, Christine Lagarde several times stressed that exchange rates and the euro appreciation were not the ECB policy target. However, the exchange rate was the most discussed topic at the Governing Council meeting in September. According to a Reuters source familiar with the matter, the ECB officials have agreed that the EUUSD rally resulted from a faster economic rebound in the euro area compared to the US growth, the Fed’s easy monetary policy, the increased confidence in the currency bloc due to the management of the pandemic fallout. Moreover, the upcoming presidential election in the US weighs on the US dollar. Bloomberg’s leading indicators signal that the GDP recovery is the fastest in Germany. After a temporary downturn in France, Italy, and Spain on concern about the second wave of the COVID-19 outbreak, the economic activity is gradually increasing. The UK, US, and Canada persistently lag behind. Dynamics of the economic recoverySource: Bloomberg Four sources on the ECB's Governing Council told Reuters that the ECB acknowledges the negative effects of the euro's strength on inflation and growth, but the central bank is not willing to start a currency war. Speaking after the meeting, two sources said they saw $1.20 as not far from the equilibrium exchange rate at present. According to Citigroup, if the EUUSD is up by another 5%, the European Central Bank will take active measures. In the meanwhile, the regulator is carefully monitoring the exchange rates of the regional currency. The Governing Council policymakers at the meeting considered adopting the language used to stem the euro's previous rally, in early 2018, when the former ECB President Mario Draghi described "volatility in the exchange rate" as "a source of uncertainty", according to Reuters. The Reuters sources say the southern countries of the eurozone are much more concerned about the euro strengthening than the northern ones. The Governing Council hawks wanted Lagarde to note the great progress in the euro-area economic recovery. François Villeroy de Galhau, the governor of the French central bank, insisted on this especially strongly. So, the EUUSD bulls feared verbal interventions, signals of monetary easing, and the ECB willingness to follow the Fed’s example and target the average inflation. None of the fears came true. However, the euro hasn’t consolidated above $1.19. Are the buyers so weak? Or, they could feel a catch and will resume attacks after the ECB officials’ speeches. I suppose both scenarios should be considered. If the euro rises above $1.192, it will be relevant to buy. If it slides down below the support levels of $1.1795 and $1.1765, we should sell the euro versus the dollar. For more information follow the link to the website of the LiteForex https://www.liteforex.com/blog/analysts-opinions/eurusd-forecast-euro-doesnt-believe-its-luck/?uid=285861726&cid=62423 |
 | submitted by SinkyShippy to Scams [link] [comments] |
 | submitted by IWISACTUALLYGOOD to Forex [link] [comments] |
submitted by TheBlindSquirrel17 to Daytrading [link] [comments]
Forex, cfd trading on stocks, stock indices, oil and gold on MT4 and MT5. Trade forex online with XM™, a licensed forex broker. Trading foreign exchange on the currency market, also called trading forex, can be a thrilling hobby and a great source of income. To put it into perspective, the securities market trades about $22.4 billion per day; the forex market... Forex trading has become increasingly accessible and can be traded 24 hours a day. Read Chapter . 9. Best Time of Day to Trade . Knowing the best time of day to trade on the Forex markets can be crucial to your trading success. Read Chapter . 10. Forex Regulation and Protection . Currency trading on margin involves high risk, and is not suitable for all investors. As a leveraged product losses are able to exceed initial deposits and capital is at risk. Before deciding to trade Forex or any other financial instrument you should carefully consider your investment objectives, level of experience, and risk appetite. Forex trading has a steep learning curve. Read to learn the basics of currency pairs, how the forex market operates, and details on market pricing.
[index] [4414] [1848] [1248] [1365] [1685] [3138] [994] [3452] [4595] [3514]
http://www.forextrendy.com/?hop=stevo1789 Click the link above to join the best trading system in Europe and America. Like The Forex Trendy Facebook page: ht... Enroll in the complete course here with discounts of over 90% using this link: http://rebrand.ly/ForexFound Follow me on IG: https://www.instagram.com/Mohsen... Practice FOREX - FREE or REAL at: http://www.avatrade.com/?tag=75842 Forex Scams: https://www.youtube.com/watch?v=eTiXEEBIQnI PART 2: https://www.youtube.com... Timestamps: 1. Get into a community of like minded traders: 00:53 2. Adopt a Trading Strategy/Style that fits with your Personality: 04:20 3. Open up a Demo ... Too often new traders come into the market without getting to know the most fundamental components of foreign exchange and how currencies work. So we decided...