Foreign Exchange School
August 3rd Financial Breakfast: The dollar rose on the back of strong employment data, shrugging off the impact of Fitch's downgrade of the US rating
On August 3rd, the dollar rose on Wednesday as investors shrugged off the impact of Fitch's downgrade of the US credit rating. At the same time, data showed that the US private employment growth in July was greater than expected, which also supported the dollar, indicating the resilience of the labor market and the decline in gold prices. Oil prices closed 2% lower. Despite the historic decline in US crude oil inventories, the impact of Fitch's downgrade of the US credit rating, traders sought refuge. On Thursday (August 3rd), Beijing time, the dollar rose on Wednesday as investors shrugged off the impact of...
Australia foreign exchange, good pound! Bank of England interest rate hike 25 basis points possibility of about 62%, investment banks said there is also hope to raise interest rates 50 basis points
The market expects that the Bank of England's Monetary Policy Committee will choose to raise interest rates by 25 basis points this week, and the probability of raising the main bank interest rate to 5.25% is about 62%. Goldman Sachs believes that the possibility of the Bank of England raising interest rates by 25 basis points is greater than that of another 50 basis points. However, Barclays believes that due to the high wages and core inflation in the UK, it is possible to raise interest rates by 50 basis points. At 19:00 Beijing time (Thursday) on August 3, the Bank of England will hold an interest rate decision....
Outlook on key data and major events on August 2
On August 2nd, key data that investors need to pay attention to: Switzerland's third-quarter consumer confidence index-SECO quarterly adjustment, the change of ADP employment in the United States in July, the change of EIA crude oil inventories in the week ended July 28 in the United States, and the change of EIA gasoline inventories in the week ended July 28 in the United States. Major events to pay attention to include the Bank of Japan's release of June monetary policy meeting notes. 07:00 Australia's July AIG/PWC manufacturing performance index...
August 1st financial breakfast: Gold prices hit their best monthly performance in four months, and the market expects the rate hike cycle to come to an end
On August 1, the dollar rose on Monday as a Federal Reserve survey showed that U.S. banks reported tighter credit standards and weaker demand for loans in the second quarter, indicating that rising interest rates are having an impact on the economy. Gold prices rose to their best monthly performance in four months, helped by expectations that the world's major central banks are nearing the end of their rate hikes. On Monday (August 1), Beijing time, the dollar rose on Monday as a Federal Reserve survey showed that U.S. banks reported tighter credit standards in the second quarter...
Australian exchange foreign exchange trading reminder: the US dollar rose after the Federal Reserve loan survey was released, and the Australian dollar rose because the Reserve Bank of Australia may raise interest rates by 25 basis points
As a Federal Reserve survey showed that U.S. banks reported tighter credit standards and weaker loan demand in the second quarter, indicating that rising interest rates are having an impact on the economy, and the market expects stronger U.S. non-farm data to be released this week. The Australian dollar was stronger on Monday, rising 1.05% against the U.S. dollar, as the market expects the Reserve Bank of Australia to raise interest rates by 25 basis points on Tuesday. At the beginning of Asian trading on Tuesday (August 1), the U.S. dollar index fluctuated narrowly and is currently trading at 10...
The Australian exchange rate foreign exchange RBA decision is coming! Institutions are divided into two camps: either raise interest rates by 25 basis points, or do not raise interest rates
At 12:30 on August 1, Beijing time, the Reserve Bank of Australia will announce its interest rate decision. Recently, many investment banks have given their own predictions. Institutions such as the Federal Bank of Australia predict that the Reserve Bank of Australia will raise interest rates by 25 basis points this time, while investment banks such as JPMorgan Chase believe that the Reserve Bank of Australia will choose to maintain interest rates unchanged this week. At 12:30 on August 1, Beijing time, the Reserve Bank of Australia will announce its interest rate decision. Recently, many investment banks have given their own predictions. Many institutions predict that the Reserve Bank of Australia will add...
ATFX - Escape Plan for Forex Traders
ATFX - whether it is foreign exchange, index, or individual stocks, this is an unanswerable question for me. Usually I say "I don't know either," or "go up (down) until you can't go up (down) ". People who hear this answer usually have two reactions. The first is to scoff, thinking that my analytical skills are not good enough, or to be secretly displeased, thinking that I have a good idea and don't want to tell others. These two reactions often leave me helpless. First,...
Outlook on key data and major events on July 31
On July 31st, key data that investors need to pay attention to: China's official manufacturing PMI in July, Germany's monthly actual retail sales rate in June, Germany's annual actual retail sales rate in June, the initial quarterly GDP rate after the quarterly adjustment in the second quarter of the euro area, the annual rate of the core adjusted CPI in the euro area in July - the initial value without quarterly adjustment, the annual rate of the euro area's July adjusted CPI - the initial value without quarterly adjustment, and the Chicago PMI in the United States in July. 07:50 Japan's monthly rate of industrial output after the quarterly adjustment in June (%...
Australia Exchange Foreign Exchange July 31 financial breakfast: focus on the two major central bank interest rate decisions, pay attention to the yen central bank meeting notes
Australian Exchange Foreign Exchange, July 31st - On July 31st, this week, focus on the Reserve Bank of Australia resolution and the Bank of England interest rate decision, and pay attention to the yen central bank meeting notes. After the Bank of Japan said last week that it will flexibly control the 10-year bond yield, this week focus on whether the Bank of Japan has more measures to suggest. Beijing time on Monday (July 31st), this week focus on the Reserve Bank of Australia resolution and the Bank of England interest rate decision, and pay attention to the yen central bank meeting notes. Last week, the Bank of Japan table...
ATFX - Learning Forex Position Control - Position Control and How Traders Should Handle It
ATFX - What is a position? Position refers to the proportion of investors' actual investment and actual investment funds. For example, if you have 100,000 for investment and now use 40,000 yuan to buy funds or stocks, your position is 40%. Leverage and Position Does leverage have anything to do with positions? It can be said that it is not directly related, but foreign exchange margin trading uses leverage, so position control and capital trading are very important. For example: One day, Uncle Chen went to the bank counter to buy foreign exchange real orders,...
If the European Bank's stance turns dovish, be wary of further pressure on the euro!
Analysts believe that a slowing economy and easing inflation are reasons to believe that a rate hike in July will be the last. According to their opinion, Thursday's European Central Bank policy meeting could bring more good news for the euro. The ECB's pre-commitment at its June meeting to raise interest rates again in July means that the decision to raise interest rates will not have a major impact on the market, but a change in guidance regarding a rate hike in September could trigger foreign exchange volatility. Head of G10 foreign exchange strategy at Cre ́ dit Agricole...
The Federal Reserve raised interest rates by 25 basis points to a new high in 22 years. Whether it will raise interest rates depends on these data
Just after suspending interest rate hikes in June 2023, the Federal Reserve raised borrowing costs again at its policy meeting on Wednesday local time, deciding to raise interest rates by 25 basis points, raising the target range for the U.S. federal funds rate to 5.25% to 5.5%, the highest level in 22 years. This is also the 11th time the Federal Reserve has raised interest rates since March 2022 to curb inflation. Federal Reserve Chairperson Powell pointed out that there are many signs that the Federal Reserve's efforts to raise interest rates have brought significant...
Australian Exchange FX: What are the possible implications of the Federal Reserve and European Bank resolutions for the US dollar and the euro?
Markets are expecting the Federal Reserve to raise interest rates by another 25 basis points this week. If the Fed hints that rate hikes are over, then the dollar could come under pressure, but any hint that more needs to be done could prove a surprise, supporting the dollar's recovery. Bank of America analysts expect the European Central Bank to raise interest rates by a final 25 basis points this week, underscoring their expectation that support for the euro will be limited going forward.
How to choose a reliable foreign exchange platform when opening an account for a novice foreign exchange trader?
As the world's largest and most liquid investment market, the foreign exchange market is increasingly sought after by investors due to its open and transparent, flexible trading, low investment threshold, and high leverage. As a novice in foreign exchange trading, choosing a reliable foreign exchange platform to open an account is the first step. So, in today's market of foreign exchange brokers, how can foreign exchange investors choose a reliable and regular foreign exchange platform to open an account? Mainly look at two points: 1. Look at the regulatory authorities and foreign exchange...
Has the Bank of Japan changed its yield curve control stance? Analysts disagree
Analysts are divided over the BoJ's move after core inflation in Japan was above the BoJ's 2 per cent target for the 15th consecutive month. Nicholas Smith, Japan strategist at CLSA, believes the BoJ has "messed up" on inflation. "They see the Fed saying inflation is temporary and they're doing it to look like fools," he said. "They've decided to ignore that and continue to forecast inflation for this fiscal year...
