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afroditando · 2 years ago

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Spot Gold Trading on Forex Can Be Profoundly Profitable

Have you at any point given a gold ring to your companion as a badge of your genuine romance? Gold has been the most precious metal from the beginning of human progress. Being a definitive cash and a definitive store of significant worth in times of political uncertainty is as yet considered. Throughout the previous decade, the gold market is in a common upswing with the spot prices having as read more here of late penetrated the historical hindrance of $1,200 per official ounce. After that there was a retracement and the prices came down to around $1,100 per ounce however this upturn is supposed to go on for sometime.

In the last decade, numerous investors turned towards forex after the historic accident in the stock market. Numerous little investors lost more than 60-70% of their saving accounts in the stock market slump. Presently, forex is an incredible money making an open door. It is being said that forex trading will make a huge number in this decade.

Many individuals don't have a clue about this that you can trade gold on forex as well. Numerous forex broker stages that you use to trade forex, allow trading of gold and silver against the US Dollar (USD) from a similar stage. Both these precious metals have popularity in the modern area and as the global economy recuperates from the downturn, the prices of gold and silver are supposed to skyrockets as modern production gets and shoppers start buying once more. At the point when you trade a money pair, you go long on one cash and short on the other. At the end of the day, you basically buy one and sell the other.

In case of spot gold trading on forex, you trade one ounce of gold in the spot market against the US Dollar (USD). So very much like when you trade a money pair, when you trade gold on forex, you are taking either a long or a short situation in gold against USD. There are numerous money pairs that you can trade like the GBPUSD, EURUSD, UADUSD, NZDUSD, JPYUSD. Spot trading gold on forex is practically comparative with gold supplanting one cash in the pair and the other money is consistently USD.

Thus, in spot gold trading on forex, you are trading one official ounce of gold against USD. Strangely the image for this is additionally XAUUSD with XAU addressing one ounce of gold. Presently, assume the price statement in the spot market is 1100 XAUUSD. This means one official ounce of gold in the spot market right presently is equivalent to $1,100 USD.

Very much like some other financial market, the price statement in the gold spot market has an offered/ask spread. So assuming the price statement is 1110/1115, it implies that you can sell one official ounce of gold in the spot market for $1,110 and buy one official ounce of gold at $1,115 meaning you should pay a spread of $5 per official ounce while trading in gold in the spot market.Spot gold trading on forex is a quick market and the spread continues to change over the course of the day.

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tradingcoursesdownload · 2 years ago

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XM Broker Review 2023: A Comprehensive Analysis of Trading Fees and Services

XM Broker Review 2023 XM is a global forex and CFD broker regulated by Australia's ASIC, CySEC of Cyprus, and Belizean authority IFSC. XM has low stock CFD and withdrawal fees. Account opening is user-friendly and fast. You can use many educational tools, such as webinars and a demo account. On the other hand, XM has a limited product portfolio as it offers mainly CFDs and forex trading. Its forex and stock index CFD fees are average, and there is no investor protection for clients onboarded outside the EU. XM is a regulated broker, it is overseen by top-tier financial regulators in multiple countries . XM is also covered by investor protection in selected jurisdictions. XM Highlights 🗺️ Country of regulationCyprus, Australia, Belize, United Arab Emirates💰 Trading fees classAverage💰 Inactivity fee chargedYes💰 Withdrawal fee amount$0💰 Minimum deposit$5🕖 Time to open an account1 day💳 Deposit with bank cardAvailable👛 Depositing with electronic walletAvailable💱 Number of base currencies supported10🎮 Demo account providedYes🛍️ Products offeredForex, CFD, Real stocks for clients under Belize (IFSC) Visit Broker74.89% of retail CFD accounts lose money

Fees

XM has low trading fees for CFDs and charges no withdrawal fee. On the other hand, forex and stock index fees are only average, and there is a fee for inactivity. AssetsFee levelFee termsS&P 500 CFDLowThe fees are built into the spread, 0.4 points is the average spread cost during peak trading hours.Europe 50 CFDAverageThe fees are built into the spread, 2.5 points is the average spread cost during peak trading hours.EURUSDAverageWith Standard, Micro, and Ultra-Low accounts the fees are built into the spread. 1.7 pips is the Standard account's average spread cost during peak trading hours. With XM Zero accounts, there is a $3.5 commission per lot per trade and a small spread cost.Inactivity feeLow$15 one-off maintenance fee after one year of inactivity, followed by $5 per month fee if the account remains inactive XM trading fees XM trading fees are average. XM has many account types, which all differ in pricing. The Standard, Micro, and Ultra Low accounts charge higher spreads but there is no commission. The XM Zero account charges lower spreads, but there is a commission. The following calculations were made using the Standard account. We know it's hard to compare trading fees for CFD brokers. So how did we approach the problem of making their fees clear and comparable? We compared brokers by calculating all the fees of a typical trade for selected products. We chose popular instruments within each asset class: - Stock index CFDs: SPX and EUSTX50 - Stock CFDs: Apple and Vodafone - Forex: EURUSD, GBPUSD, AUDUSD, EURCHF and EURGBP A typical trade means buying a leveraged position, holding it for one week and then selling. For volume, we chose a $2,000 position for stock index and stock CFDs, and $20,000 for forex transactions. The leverage we used was: - 20:1 for stock index CFDs - 5:1 for stock CFDs - 30:1 for forex These catch-all benchmark fees include spreads, commissions and financing costs for all brokers. Let's see the verdict for XM fees. CFD fees XM has low stock CFD, while average stock index CFD fees. XMFxProAdmirals (Admiral Markets)S&P 500 index CFD fee$2.5$1.1$1.4Europe 50 index CFD fee$3.1$1.2$1.4Apple CFD fee$6.7$9.4$5.3Vodafone CFD fee$2.3$14.7$14.2 Visit Broker74.89% of retail CFD accounts lose money

Account opening

XM accepts customers from all over the world. There are a few exceptions though; among others, you can't open an account from the USA, Canada, China, Japan, New Zealand or Israel. What is the minimum deposit at XM? The required XM minimum deposit is $5 for two XM Account types (Micro, Standard), which is very low, and $100 for the XM Zero account. Account types XM offers many account types, which differ in pricing, base currencies, minimum deposit and contract size. MicroStandardXM ZeroShares AccountClient countryEEA Australia Other countriesEEA Australia Other countriesEAANon-EEA and non-Australian clientsPricingNo commission, but higher spreadNo commission, but higher spreadThere is a commission, but the spread is very lowMarket spread and commissionBase currenciesUSD, EUR, GBP, JPY, CHF,‎ AUD, HUF, PLN, SGD, ZARUSD, EUR, GBP, JPY, CHF,‎ AUD, HUF, PLN, SGD, ZARUSD, EUR, JPYUSDMinimum deposit$5$5$100$10,000Contract size1 Lot = 1,0001 Lot = 100,0001 Lot = 100,0001 share Islamic or swap-free accounts are also available. With Islamic accounts, a flat commission is charged if you hold your leveraged position overnight instead of the percentage-based financing rates. XM doesn't offer corporate accounts. If you sign up for a non-European entity, you will not be eligible for European client protection measures. How to open your account XM account opening is fully digital, fast and straightforward. You can fill out the online application form in 20 minutes. Our account was verified on the same day. You can select many languages other than English: ArabicBengaliChineseCzechDutchFilipinoFrenchGermanGreekHungarianIndonesianItalianKoreanMalayPolishPortugueseRussianSpanishSwedishThaiVietnamese To open an account at XM, you have to go through these steps: - Fill in your name, country of residence, email address and telephone number. - Select the trading platform (MT4 or MT5) and account type. - Add your personal information, such as your date of birth and address. - Select the base currency and the size of the leverage. - Provide your financial information and answer questions about your financial knowledge. - Verify your identity and residency. You can upload a copy of your national ID, passport or driver's license to verify your identity, while utility bills and bank statements are accepted as proof of residency. Visit Broker74.89% of retail CFD accounts lose money

Deposit and withdrawal

Account base currencies At XM, you can choose from 9 base currencies. The available base currencies are: EURUSDGBPCHFJPYAUDSGDPLNHUFZAR XMFxProAdmirals (Admiral Markets)Number of base currencies10811 Why does this matter? For two reasons. If you fund your trading account in the same currency as your bank account or you trade assets in the same currency as your trading account base currency, you don't have to pay a conversion fee. Deposit fees and options XM charges no deposit fees. You can use bank transfers and credit/debit cards for depositing funds. Clients onboarded under IFSC can also deposit using the SticPay electronic wallet. XMFxProAdmirals (Admiral Markets)Bank transferYesYesYesCredit/debit cardYesYesYesElectronic walletsYesYesYes A bank transfer can take several business days, while payment with a credit/debit card is instant. You can only deposit money from accounts that are in your name.

XM review - Deposit and withdrawal - Deposit XM withdrawal fees and options XM charges no withdrawal fees. The only exception is bank (wire) transfers below $200, which incur a $15 fee. XMFxProAdmirals (Admiral Markets)Bank transferYesYesYesCredit/debit cardYesYesYesElectronic walletsYesYesYesWithdrawal fee$0$0$0 For credit/debit cards and electronic wallets (Skrill, Neteller), the withdrawal amount cannot exceed the amount you deposited using the same instrument. This means that you can only withdraw your trading profits via bank transfer. How long does it take to withdraw money from XM? We tested debit card withdrawal and it took 2 business days. You can only withdraw money to accounts that are in your name. How do you withdraw money from XM? - Log in to your account - Go to 'Withdraw Funds' - Select the withdrawal method - Enter the withdrawal amount Visit Broker74.89% of retail CFD accounts lose money

Web trading platform

Trading platformScoreAvailableWeb2.8starsYesMobile3.8starsYesDesktop3.4starsYes XM does not have its own trading platform; instead, it uses third-party platforms: MetaTrader 4 and MetaTrader 5. These platforms are very similar to each other in functionality and design. One major difference is that you can't trade stock CFDs on MetaTrader 4, only on MetaTrader 5. We tested the MetaTrader 4 platform as it is more widely used. MetaTrader 4 is available in an exceptionally large number of languages. XM web trading platform languagesArabicBulgarianChineseCroatianCzechDanishDutchEnglishEstonianFinnishFrenchGermanGreekHebrewHindiHungarianIndonesianItalianJapaneseKoreanLatvianLithuanianMalayMongolianPersianPolishPortugueseRomanianRussianSerbianSlovakSlovenianSpanishSwedishTajikThaiTraditional ChineseTurkishUkrainianUzbekVietnamese Look and feel The XM web trading platform has great customizability. It is easy to change the size and the position of the tabs. However, the platform feels outdated and some features are hard to find. For example, it took us a while to figure out how to add an asset to the watchlist.

Visit Broker74.89% of retail CFD accounts lose money XM review - Web trading platform Login and security XM requires two-step authentication for the account login on the website where you can deposit and withdraw. The trading platform itself, however, doesn't have two-step authentication. Search functions The search functions are OK. You can find assets grouped into various categories. However, we missed the usual search function where you can type in the name of an asset manually.

XM review - Web trading platform - Search Placing orders You can use all the basic order types. However, you won't find more sophisticated order types such as 'one-cancels-the-other'. The following order types are available: - Market - Limit - Stop - Trailing Stop Trailing Stop is available only in the MT4 desktop platform To get a better understanding of these terms, read this overview of order types. There are also order time limits you can use: - Good 'til canceled (GTC) - Good 'til time (GTT)

XM review - Web trading platform - Order panel Alerts and notifications You cannot set alerts and notifications on the XM web trading platform. This feature is available only on the desktop trading platform. Portfolio and fee reports XM has clear portfolio and fee reports. You can easily see your profit-loss balance and the commissions you paid. These reports can be found under the 'History' tab. We couldn't find a way to download them.

Mobile trading platform

XM offers MetaTrader 4 and MetaTrader 5 mobile trading platforms. Similarly to the web trading platform, we tested the MetaTrader 4 platform on Android. Once you have downloaded the MT4 mobile trading platform, you should access the relevant XM server. Just like on the web trading platform, you can choose from many languages on the mobile trading platform as well. Changing the language is a bit tricky on Android devices, as you can do it only if you switch the default language of your mobile. XM mobile trading platform languagesArabicChinese (Simplified)Chinese (Traditional)CzechEnglishFrenchGermanGreekHindiIndonesianItalianJapaneseKoreanPolishPortuguesePortuguese (Brazil)RussianSpanishThaiTurkishUkrainianVietnamese Look and feel XM has a great mobile trading platform, we really liked its design and user-friendliness. It is easy to find all the features it provides.

XM review - Mobile trading platform Login and security XM requires only one-step login for the platform, but provides two-step account login to access deposit and withdrawal functions. A two-step login procedure for the trading platform would be safer. You can't use fingerprint or Face ID authentication. Offering this feature would be more convenient. Search functions The search functions are good. You can search by typing the name of the product or by navigating the category folders.

XM review - Mobile trading platform - Search Placing orders You can use the same order types and order time limits as on the web trading platform.

XM review - Mobile trading platform - Order panel Alerts and notifications You can set alerts and notifications for your mobile, although only through the desktop trading platform. It would be much easier if you could set these notifications on the mobile trading platform as well. Visit Broker74.89% of retail CFD accounts lose money

Desktop trading platform

For desktop trading too, you can use the MetaTrader 4 and 5 platforms; we tested MetaTrader 4. It has the same design, is available in the same languages, offers the same order types, has the same search functions, and offers the same portfolio and fee reports as the web trading platform. The desktop trading platform doesn't have two-step authentication; however, XM provides a two-step account login procedure on the website where you can deposit and withdraw funds. The major difference is that you can set alerts and notifications on the desktop trading platform in the form of mobile push and email notifications. To set these, you have to add your email address and mobile MetaQuotes ID (you can find it in the MT4 app's settings). You can add them if you go to 'Tools' and then 'Options'.

Markets and products

XM is a CFD and forex broker with a great number of currency pairs available for trading. However, the CFD selection is lower compared to some XM alternatives. Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74.89% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. XMFxProAdmirals (Admiral Markets)Currency pairs (#)557047Stock index CFDs (#)242943Stock CFDs (#)1,2611,7003,252ETF CFDs (#)--372Commodity CFDs (#)152528Bond CFDs (#)--2Cryptos (#)*-3042 Cryptos are available for customers onboarded under XM Global Limited entity. You can't change the leverage levels of the products, which is a drawback. Changing the leverage manually is a very useful feature when you want to lower the risk of your trade. Be careful with forex and CFD trading, as the preset leverage levels may be high. Real stocks and ETFs XM provides real stocks for clients onboarded under XM's IFSC-regulated entity. You can trade stocks only using the Shares Account. It is a big addition compared to its competitors. XMFxProAdmirals (Admiral Markets)Stock markets (#)3-11ETFs (#)--192 Visit Broker74.89% of retail CFD accounts lose money

Research

Trading ideas XM provides trading ideas under the 'Trade Ideas' tab, where you can find various assets and their recent performances. Read the full article

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accapitalmarket · 1 month ago

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UK100 rebounds, GBPUSD edges lower

UK stocks bounced back on Wednesday, recovering after big falls in the previous session despite big falls on markets in China where additional stimulus disappointment weighed on the mood.

Chinese authorities think that the country could achieve its 5% growth target with the stimulus measures that have already been announced, but investors are cautious. China's finance minister will hold a briefing this weekend focused on fiscal policy after introducing a recent slew of measures aimed at reversing an economic slump.

Oil prices extended falls made on Tuesday amid the additional China stimulus disappointment. UK Brent crude fell another 0.9% to 76.52.

On foreign exchanges, the pound managed to edge higher against the euro, up 0.11% at 1.1946. But sterling was weaker against the US dollar, down 0.218% at 1.3068 as traders awaited the release this evening of minutes from the September Federal Open Market Committee when the US central bank cut interest rates by 50 basis points (bp), its first move in this current cycle.

GBPUSD H1

More important, however, will be the latest US CPI inflation numbers, due to be released tomorrow, which will influence future interest rate reductions. Hopes for another 25 bp point move in November having been dented by stronger than expected US payrolls data last week.

At the stock market close in London, the blue-chip FTSE 100 index was up 0.7% at 8,243 and the broader FTSE 250 index rose 0.9% to 20,822.

Among the blue-chip movers, M&A was a focus. Paper and packing firm Mondi was 4.0% higher after announcing a deal to acquire the German, Benelux and UK corrugated converting and solid board operations of Schumacher Packaging for an enterprise value of 634 million euro, which will be financed from Mondi's existing facilities.

But miner Rio Tinto lost 2.3% after confirming plans to buy US firm Arcadium Lithium in a $6.7 billion all-cash deal to become the world's third-largest lithium producer.

Housebuilder Vistry, off 2.0% was a FTSE 100 faller for a second day after a profits warning on Tuesday, coming under further pressure following a share price target cut by analysts at Deutsche Bank.

However, after falls itself on Tuesday following news of a clampdown by water regulator Ofwat, United Utilities recovered 1.4% boosted by an upgrade to outperform from sector perform from analysts at RBC Capital.

UK100 H1

Away from the blue-chips, customer engagement software provider Netcall rose 1.8% after posting an 8.4% increase in revenue and a 58% jump in pretax profit for the full year to June 30, 2024.

But Revolution Beauty dropped 11.7% after reporting a 20% sales decline in the six months to August 31, 2024, even though it assured shareholders that growth is set to return later in the year and annual profits would be in line with the last numbers.

Disclaimer:

The information contained in this market commentary is of general nature only and does not take into account your objectives, financial situation or needs. You are strongly recommended to seek independent financial advice before making any investment decisions.

Trading margin forex and CFDs carries a high level of risk and may not be suitable for all investors. Investors could experience losses in excess of total deposits. You do not have ownership of the underlying assets. AC Capital Market (V) Ltd is the product issuer and distributor. Please read and consider our Product Disclosure Statement and Terms and Conditions, and fully understand the risks involved before deciding to acquire any of the financial products provided by us.

The content of this market commentary is owned by AC Capital Market (V) Ltd. Any illegal reproduction of this content will result in immediate legal action.

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smartfx · 1 month ago

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Daily Market Analysis | Smartfx

EURUSD

Bias:Bearish

We look to Sell at 1.1025 with target prices of 1.0944 and 1.0910, and a stop price of 1.1065

Confidence: 40%

Technical Analysis

After strong selling pressure at the start of the week the pair consolidated yesterday with little net change and all price action within the lower half of the previous day's range. Levels close to the 61.8% pullback level of 1.0944 found buyers. There is no clear indication that the downward move is coming to an end. There is scope for mild buying at the open but gains should be limited. The medium term bias is neutral.

Resistance 1

1.1025

Resistance 2

1.1075

Resistance 3

1.1209

Support 1

1.0944

Support 2

1.0896

Support 3

1.0778

GBPUSD

Bias:Bullish

We look to Buy at 1.3040 with target prices of 1.3240 and 1.3300, and a stop price of 1.2990

Confidence: 60%

Technical Analysis

The primary trend remains bullish. The previous swing low is located at 1.3000. We look for a temporary move lower. Preferred trade is to buy on dips. Bespoke support is located at 1.3040.

Resistance 1

1.3170

Resistance 2

1.3240

Resistance 3

1.3300

Support 1

1.3040

Support 2

1.2990

Support 3

1.2960

EURCHF

Bias:Bearish

We look to Sell at 0.9430 with target prices of 0.9335 and 0.9305, and a stop price of 0.9455

Confidence: 60%

Technical Analysis

Trading has been mixed and volatile. We look for a temporary move higher. The hourly chart technicals suggests further upside before the downtrend returns. Preferred trade is to sell into rallies. Bespoke resistance is located at 0.9430.

Resistance 1

0.9430

Resistance 2

0.9450

Resistance 3

0.9480

Support 1

0.9370

Support 2

0.9340

Support 3

0.9310

USDJPY

Bias:Bullish

We look to Buy at 146.55 with target prices of 152.00 and 155.15, and a stop price of 145.05

Confidence: 20%

Technical Analysis

Closed the day little net changed. Buying posted in Asia. We are trading at overbought extremes. A Fibonacci confluence area is located at 155.15. Preferred trade is to buy on dips.

Resistance 1

149.00

Resistance 2

152.00

Resistance 3

155.15

Support 1

146.55

Support 2

143.55

Support 3

141.65

Gold

Bias:Bearish

We look to Sell at 2637.5 with target prices of 2592.5 and 2582.5, and a stop price of 2655.5

Confidence: 60%

Technical Analysis

Short term bias has turned negative. Previous support level of 2635 broken. Previous support at 2635 now becomes resistance. The bearish engulfing candle on the 4 hour chart is negative for sentiment. 50 4hour EMA is at 2639.8. Preferred trade is to sell into rallies.

Resistance 1

2624.3

Resistance 2

2635.0

Resistance 3

2650.0

Support 1

2604.8

Support 2

2590.0

Support 3

2570.0

WTI

Bias:Bullish

We look to Buy at 73.07 with target prices of 77.92 and 80.00, and a stop price of 71.57

Confidence: 20%

Technical Analysis

Selling pressure from 79.09 resulted in all the initial daily gains being overturned. Intraday, and we are between bespoke support and resistance 73.07-77.92. Dips continue to attract buyers. The bias remains mildly bullish but there is scope for a move in either direction at the open. The medium term bias is neutral.

Resistance 1

77.92

Resistance 2

80.00

Resistance 3

88.00

Support 1

73.51

Support 2

73.07

Support 3

67.11

Disclaimer:

This email, including any attached analyses, data, and visual content, is shared with you "as is," without any guarantees, either expressed or implied. As a third-party broker, we wish to clarify that while the information originates from sources deemed reliable, such as materials under the Signal Centre brand managed by PIA-First (an entity regulated by the FCA, license FRN 787261), we do not provide any warranty for its accuracy or completeness. Furthermore, this communication should not be interpreted as investment advice, a recommendation, or an offer to engage in securities transactions. It is crucial for recipients to conduct their own due diligence, remain informed about current market conditions, and consider seeking advice from independent financial advisors before making investment decisions. Trading involves substantial risk, including the possibility of losses exceeding your initial investment. We urge caution and recommend consulting with a professional advisor to mitigate potential losses and navigate the complexities of financial markets responsibly.

Risk Warning:

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Past performance is not an indication of the future performance. It is the responsibility of the Client to ascertain whether he/she is permitted to use the services of the SmartFX brand based on the legal requirements in his/her country of residence.

For further queries, please feel free to contact us.

#best forex broker in uae #forex expo dubai #stock trading #forextrading #forex market #forex expert advisor #daily market analysis #stock market analysis report

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elliottwave-forecast · 2 months ago

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#elliottwave #trading.#gbpcad

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mutange12 · 2 months ago

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GBPUSD Tuesday forecast

Technical Analysis: The technical indicators from various sources suggest a bullish sentiment for GBP/USD. Moving averages, RSI, and other indicators like STOCH, MACD, and CCI are showing buy signals, with some indicators like STOCHRSI and Williams %R indicating overbought conditions but still within a bullish context. This suggests that while the pair might be due for a slight correction or…

#Blogging 101 #GBPUSD

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googlesblogs777 · 4 months ago

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Analyzing the COT Reports: Understanding Market Trends Amid Global Events

The Commitments of Traders (COT) report is an essential tool for traders looking to understand market sentiment and position themselves effectively. Let's dive into the recent geopolitical and economic events shaping these trends and their potential implications on trading and the markets.

Market Overview

Recent global events have significantly influenced market prices. Key developments include:

Israel-Hamas Ceasefire Talks: Multiple failed attempts at peace talks, with recent negotiations collapsing after an Israeli bombing of a safe zone.

Ukraine-Russia Peace Efforts: Hosting a peace summit aiming for resolution.

Global Cyber Outage: Windows experienced a major outage affecting various sectors.

US Election Dynamics: Trump's dominance in polls and potential win have stirred market reactions.

Today, we will focus on the Israel-Hamas conflict and its market implications.

The Israel-Hamas Conflict

The conflict between Israel and Hamas has intensified, with peace talks repeatedly failing. Recently, the US proposed a deal seemingly accepted by Hamas until Israel’s actions disrupted negotiations. Questions arise about Netanyahu's intentions as his regime nears its end, with his cabinet showing reluctance to surrender or negotiate.

Public sentiment in Israel is shifting, with rallies demanding a peace treaty and the release of hostages. India has also called for peace, yet the global reaction remains muted.

Economic Implications

1. Increased Demand for Military Assets: The ongoing conflict raises demand for armaments, impacting prices of metals like silver, palladium, and gold, essential in creating military necessities.

2. Safe-Haven Assets: Rising unrest boosts demand for safe-haven assets. Gold, a traditional safe-haven, has seen price increases, influenced by multiple factors including geopolitical tensions.

3. Oil Prices: Disruptions in oil supply due to conflicts can increase oil prices, affecting global markets. This could slow the global economy or cause asset price declines. Conversely, oil companies might see growth in sales and stock prices.

4. Alternative Energies and Technologies: Investors might shift focus towards growth in alternative energies and technologies amid rising military conflicts.

5. Medical Field Growth: Increased demand for medical supplies and technologies is another potential growth area, driven by the need for advancements in war-related medical technologies.

6. Military Technologies: Kyiv’s development of AI-enabled war drones highlights the rising importance of AI in military applications.

Further Considerations

Iran's potential involvement in the conflict could escalate tensions, impacting global markets further. The US response, particularly under a potential Trump presidency, could also influence market stability. Monitoring Netanyahu’s strategies and the broader geopolitical landscape will be crucial for traders.

Upcoming Financial News

Key financial events this week include:

U.S., Europe, and U.K.: Manufacturing and Services PMI on Wednesday.

BOC Rate Statement: Insights into Canada's economic direction.

U.S. Advance GDP q/q: Data release on Thursday, along with unemployment claims.

Core PCE Index m/m: U.S. report to conclude the week.

Commodity Analysis

Gold: Gold prices surged last week due to expectations of a FED rate cut in September. Despite a technical correction, gold remains at a high, with potential for new records. Current price: $2401.779.

Silver: Silver saw a price decline, now testing $29.018. Analysts expect a significant rise as Israel’s attacks continue, and a potential Trump win could further boost silver prices.

Currency Analysis

DXY (Dollar Index): The dollar is consolidating, favoring a bearish trend. Expected to drop further within the next two weeks.

GBPUSD: The pound shows strength, finding demand beyond 1.28508. We anticipate further bearish runs, presenting buying opportunities.

AUDUSD: The Aussie dollar remains bullish, despite potential consolidation until the FED rate cut announcement. Firms are repositioning, indicating continued bullishness.

NZDUSD: The Kiwi may weaken further due to RBNZ rate cut expectations. Monitoring price movements closely is advisable.

EURUSD: EUR strength persists, with technical corrections expected before continuing its rise. Watch for price changes around 1.08541.

USDJPY: The Yen’s ascent is slowing, with potential further wins. However, intervention from BoJ remains a factor.

USDCHF: CHF shows increased strength, testing 0.88868, with bearish structures likely to continue.

USDCAD: CAD remains weak, with potential further declines. BOC’s interest rate decisions will be crucial.

Conclusion

Understanding these market trends and geopolitical dynamics is essential for effective trading strategies. Monitoring upcoming financial events and global developments will provide further insights into market movements. Stay informed and ready to adjust your strategies accordingly.

#forex market #forex

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forexindicatorcashpowerdownload · 1 month ago

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Sell trade entry wave #GBPUSD H1 timeframe #Metatrader4 live.

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badarunisath · 4 months ago

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GOLD BUY 2436.80

TP 2441.00

TP 2445.00

TP 2449.00

TP 2455.00

Sl 2431.00

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#XAUUSD #GOLD #XAUUSD #GBPJPY

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felixforexuganda · 5 months ago

Video

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GBPUSD&NZDCHF:POSSIBLE BUY OPPORTUNITIES

#youtube

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axelpvtmkt · 6 months ago

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Market Trends and Economic Indicators Ahead of PCE Release

Introduction

Welcome to the latest analysis from Axel Private Market. As we approach the critical Friday PCE release, understanding market trends and economic indicators is essential. Our blog offers detailed insights for traders on our trading platform, covering everything from currency movements to commodity prices.

Market Insights and Reminders

Reminders

As the market sets up before the Friday PCE release, it is vital to monitor current trends and understand overall sentiment and economic standpoint. While the US economy remains the focus, news can often turn the market or move it aggressively. Avoid speculation and wait for a more stable trading environment.

Market Overview

The DXY showed strength as treasury yields climbed, with the 10-Year rising to 4.616%. A Tuesday FED official statement conveyed a hawkish perspective, lifting uncertainties for some investors and pulling the dollar up.

Equities are slowing down as the market nears the PCE release.

"On the equity market side we're getting close to month-end, so people may be taking profit," said Charlie Ripley, senior investment strategist for Alliance Investment Management. He also cited a weak 7-year U.S. Treasuries note auction following similar results for Tuesday's 2-year and 5-year note auctions.

"With the seven-year auction selling notes at a higher rate than the pre-auction level, that's three auctions in a row where yields came in higher. Higher rates are less attractive from an equity valuation standpoint," said Ripley. Investors focused on the Treasury auctions while waiting for key economic data releases.

The FED Beige Book noted that national economic activity continued to expand from early April to mid-May, with employment rising at a slight pace and prices increasing modestly. Despite high interest rates, the economy continues to grow, requiring minimal intervention.

Oil prices eased due to worries over weak U.S. gasoline demand and concerns that the Fed will maintain higher interest rates.

U.S. crude settled down 0.75% at $79.23 a barrel, and Brent fell 0.74% to $83.60 per barrel.

GOLD

With ongoing discussions about FED policies, GOLD is pressured lower after failing to reach a key structure at 2365.443. If the price breaks through 2332.174, a deeper retracement toward 2295.536 is expected. We can follow near-term momentum while awaiting the Friday release, positioning ourselves safely from potential market movements. This move by GOLD is a call to action for some traders to buy at lower prices.

SILVER

Despite market influences, high expectations of rate cuts by the ECB, BoE, and PBoC, lower opportunity costs to hold bullion, and central banks' growing interest in diversifying away from the dollar, Silver grew considerably over the second quarter. More growth is expected as silver moves within the 30.938 and 32.518 range. Once silver breaks through the top of the range, further developments may unfold.

DXY

The dollar rose significantly yesterday after a hawkish statement by a FED official on Tuesday. The price has broken through 105.071, and we wait to see if it will settle above this structure or continue its aggressive move.

GBPUSD

The market was pushed lower after reaching the top of the range, seemingly aiming for the anchor point at 1.26487. We expect the price to drop lower or possibly hold steady at 1.27006 and consolidate until tomorrow's news release.

AUDUSD

The AUD fell to 0.66145 after failing to hold above 0.66541. We await further developments, but the bullish structure remains respected with the possibility of completing the second leg of the M formation.

NZDUSD

The NZD returned to the range, showing a possibility of testing 0.60954. The price may extend its stay within the range, but we continue to wait for further movements.

EURUSD

The EUR is showing a large M formation, with the second leg breaking through the top side of the trendline, indicating a possible return to the downtrend. We await further confirmations as ECB rate cuts are highly expected, slowing currency growth.

USDJPY

The Yen is trading toward the May 1 high, the level at which BoJ intervened to control Yen weakness. Prices are currently at 157.508, up several percentages from yesterday's close. Traders should remain prudent and control speculation risks to avoid significant losses.

USDCHF

The CHF respected the bullish structure at 0.90940 and rose back to 0.91329. This may indicate a huge M pattern formation or the completion of a bounce for another bullish run. We wait for further movements to confirm market direction.

USDCAD

The market gained after failing to reach 1.36052, showing a lack of momentum and volume for sellers. The price may consolidate and react at 1.37435, but we wait for further price movements to confirm a break above this structure.

Summary

In summary, the market is in a state of anticipation as traders look forward to the Friday PCE release. Key indicators such as the DXY, treasury yields, and equities reflect cautious sentiment. Commodities like gold and silver provide mixed trading opportunities. Traders using Axel Private Market's trading platform should remain cautious and await clear market signals.

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googleblogs123 · 2 days ago

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Enhancing Forex Trading Methods Amidst Election Volatility

Geopolitical and Economic Drivers

All eyes are on the elections concluding later this evening, which are expected to bring significant volatility to the markets. Increased chances for a Harris win are currently being reported by polls, though this could change as election results come out.

This week’s key events include the conclusion of the elections, ongoing developments in West Asia, and major data releases. Market participants should brace for substantial movements and adjust their forex trading methods accordingly.

Market Analysis

GOLD GOLD prices are finding support around the S&R zone at 2716 after breaking below 2732. The MACD is about to shift as this hourly candle closes, with the RSI following through. Despite worsening conditions in West Asia and the nearing conclusion of elections, we observe a dip in GOLD prices, prompting investors to take profit before election results are announced. Fundamentals will dominate charts as we approach election outcomes and the rate cut announcement.

SILVER SILVER prices are trading below the low of 32.518. Market momentum has shifted after falling under 33.503, aligning price action with ongoing momentum and expectations. Although fundamentals don’t fully support the ongoing intensity in West Asia, this suggests the U.S. elections play a larger role in markets, influencing future prospects of resolution and development. The MACD supports the sell signal, while the RSI leans toward sellers.

DXY The Dollar Index (DXY) will likely recover to close the gap before announcements. Current discussions center on market expectations if Harris or Trump wins. The Dollar is gaining strength, with the RSI indicating increased buying momentum alongside the MACD. Price action confirms this, as prices rise to close the gap, setting up for consolidation as fundamentals align with upcoming announcements.

GBPUSD The Pound’s RSI doesn’t show any major directional trend, with indications of a mid-level turnover as the MACD crosses toward a bearish run near the midline. We also see price rejection again at 1.29966. Market expectations lean toward selling, with the prospect of a rate cut in November. However, market direction will depend on the size of the cut relative to the U.S. rate cut. While awaiting data releases, current price momentum supports continued selling.

AUDUSD The Aussie Dollar shows rejection upon reaching the previous swing high, indicating current market momentum favors continued selling. The MACD has crossed into a sell signal, but the RSI has yet to confirm bearish momentum due to a divergence, hinting at the potential for bullish continuation. We’ll await additional news and data in this fundamentals-heavy week.

NZDUSD The Kiwi continues to follow bearish momentum after being rejected by the previous swing high. The MACD supports this sentiment, with the RSI curving downward toward the midline. However, there’s potential for a market reversal, as RSI divergence on the lows suggests a potential continuation of bullish movement.

EURUSD The Euro remains in an upward trend, consistent with current momentum. However, in the coming days, the Euro may correct to close the gap, as the RSI stays in the selling zone and the MACD remains in line. While the RSI appears to be curving upward, a rejection at the midpoint would suggest continued downward movement as the MACD builds momentum in the histogram. We still anticipate continued Euro buying, with a rate cut for the Dollar expected soon.

USDJPY The Yen finds continued bullish momentum, as the MACD and RSI align with the buying trend. Markets are finding support around the previous swing low, which suggests a continuation of this upward trend. However, this may only hold until prices close the existing gap. After filling the gap, a potential change in direction could emerge. Therefore, we await the upcoming data releases to see how they may impact prices.

USDCHF The Franc is showing strength, with the market moving down between two S&D zones. The gap left by price may fill before continuing lower, a scenario similar to the Euro. Both RSI and MACD suggest this upward move may occur soon.

USDCAD For the CAD, price was rejected at the previous swing low, indicating continued buying in the market. The MACD crosses upward with this candle, and the RSI remains above the midpoint. However, a curve in the RSI may suggest a short-term correction back to the S&D zone.

Refining Forex Trading Methods for Volatility

During heightened market volatility, robust forex trading methods are essential. Implementing forex scalping strategies can help capitalize on short-term price movements. Understanding forex market trends and utilizing reliable forex signal trading tools are essential for informed decision-making. Effective forex risk control measures can mitigate potential losses, enhancing overall trading performance. By staying informed and employing sound strategies, traders can navigate unpredictable markets effectively.

#Forex trading methods #Forex scalping strategies #Forex market trends #Forex risk control #Forex signal trading

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accapitalmarket · 1 month ago

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Oil jumps as Middle East tension spikes, GBP mixed

UK stocks recorded modest gains on Wednesday as oil majors rose benefitting from higher crude prices due to Middle East tensions, although some of the early strength faded late on.

Oil prices rose after Tuesday’s missile attack on Israel by Iran made in retaliation for the killings of Tehran-backed militants in Lebanon, ratchetted up the jeopardy in the region. Israeli Prime Minister Benjamin Netanyahu vowed to make Iran pay for the missile barrage, while Tehran warned that it would launch an even bigger attack if targeted.

USOIL H4

Early gains on Wall Street had also helped the mood after more encouraging news on the US labour market ahead of Friday's September non-farm payrolls report. The latest ADP jobs report showed US private sector hiring picked up to 143,000 jobs in September, better than the consensus estimate of 120,00 and an upwardly revised number of 103,000 in August which was initially reported as 99,000.

However, US indexes soon slipped into negative territory weighed by some corporate disappointments, notably from electric vehicles maker Tesla, which fell 3.9% after its latest delivery numbers missed expectations.

At the close in London, the blue-chip FTSE 100 index was up 0.2% at 8,290, but the broader FTSE 250 ended 0.6% lower at 20,783.

Oil majors provided the main prop for the blue-chip index’s gains, with Shell up 1.7% and BP ahead 1.4%. Also benefitting amid the Middle East crisis, defence contractor BAE Systems added 2.0%.

Heavyweight mining stocks supported the FTSE 100 as well, boosted by recent economic stimulus measures from top commodities consumer China. Anglo American gained 1.4% and Glencore rose 1.0%. Rio Tinto, up 1.4%, was further boosted as analysts at Berenberg upgraded their rating to buy after a visit to the firm's aluminium and titanium dioxide operations in Canada.

Among other Asia-focused gainers, insurer Prudential topped the blue-chip risers, up 4.6%, while global banking giant HSBC climbed 1.7%.

UK100 H1

But JD Sports was the biggest FTSE 100 faller, dropping 6.1% despite posting first-half results ahead of City forecasts. The sportswear held full-year guidance but flagged a foreign exchange hit from the strong pound.

JD also came under pressure as its key sales partner Nike shed 6.0% in New York after the US sports footwear and clothing retailer lowered second-quarter guidance and withdrew its financial year outlook.

Elsewhere, back in London, Topps Tiles shed 2.2% as the retailer reported a 5.7% fall in sales, as it said persistently weak demand in the repair, maintenance and improvement sector set the stage for “very challenging” trading conditions.

But musicmagpie leapt 50.6% higher after agreeing to a takeover deal from electricals retailer AO World. musicMagpie shareholders will receive 9.07p per share in cash under the bid, which values the firm at around £10.0m. AO World fell 1.8%.

Also on the acquisition front, Saga jumped 9.1% as it confirmed it was holding talks with Belgium firm Ageas with regards to a potential partnership arrangement for its insurance business.

GBPUSD H1

On currency markets, sterling was mixed as the Bank of England released its latest financial stability which said that "risks to UK financial stability are broadly unchanged since the June 2024" iteration. However, the UK central bank cautioned that "significant financial market and global vulnerabilities remain".

The pound shed 0.12% against the US dollar to 1.3269 but edged up 0.07% versus the euro at 1.2012.

Disclaimer:

The content of this market commentary is owned by AC Capital Market (V) Ltd. Any illegal reproduction of this content will result in immediate legal action.

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