Foreign Exchange School

  The market is expecting the Federal Reserve to raise interest rates by 25 basis points this week, and analysts are now preparing to analyze the remarks after Federal Reserve Chairperson Powell. There is also a risk of further pullback in gold prices this week, but much depends on Powell's remarks. Ryan McKay, senior commodity strategist at TD Securities, said there will be a period of uncertainty and reliance on data before the Federal Reserve signals that it is done raising interest rates. For gold, that could mean...

  Former Federal Reserve Chairperson Ben Bernanke said on Thursday that it is clear the central bank will raise interest rates next week, but the outlook after that is even bleaker. He told a webinar hosted by Fidelity Investments that after raising rates by 25 basis points next week, "the September meeting is very much in suspense." Bernanke is also currently a senior advisor to fund manager PIMCO. Bernanke added: "We will have a lot of reports between now and then, and the July rate hike may be the last....

  On July 20, the dollar rallied on Wednesday after data showed that British inflation fell more than economists expected in June, causing the pound to fall sharply against other major currencies. Gold prices hovered near eight-week highs after recent economic data reignited hopes that the Federal Reserve may soon pause its rate hike cycle. On Thursday (July 20), Beijing time, the dollar rallied on Wednesday after data showed that British inflation fell more than economists expected in June,...

  Australian Exchange 7-20 News - The overnight dollar index rose 0.33%, regaining the 100 round number mark, once hitting a new high this week to 100.54, closing near 100.28, after previously released data showed that British inflation fell more than economists expected in June, causing the pound to fall sharply against other major currencies. At the beginning of Asian trading on Thursday (July 20), the dollar index fluctuated narrowly, and is currently trading near 100.27, holding most of the overnight...

  Fawad Razaqzada, market analyst at City Index, said some consolidation/pullback in GBP/USD shouldn't come as a surprise as the UK's June CPI won't be released until Wednesday. She added: "1.30 is now the first line of defence for the bulls. If it breaks through, GBP/USD could fall to 1.2850. On the upside, there aren't many obvious resistance levels to watch, so just watch 1.31,...

  On July 18, market analyst Gary Howes said that Australia will release inflation data for June next week. According to the guidance of meeting notes, only an unexpected and obvious upside may convince the Reserve Bank of Australia to raise interest rates again. On July 18, market analyst Gary Howes said that to boost the Australian dollar, the Australian dollar will need Australia to release unexpectedly strong inflation data next week to stimulate the Reserve Bank of Australia to resume the interest rate hike cycle. Beijing time on July 26 (week...

  ATFX - Judging the state of the market is a necessary prerequisite and foundation for forming an effective trading strategy. For real trading, there is no need for particularly complex analysis, but only to make buying and selling decisions based on market conditions and signals. Real trading does not know how the market will behave in the future, it just follows the pace of market changes. The complexity of the market is more reflected in the analysis of the market than in the operation. Because...

  If your trading is consistently losing money, there is nothing you can do. I believe that many friends think of the problem is to optimize the system, find better technology, and design better and more scientific methods. This is true in itself, but it ignores the essence. Because trading must start from itself, not from the market. The most effective way is to organize and summarize and analyze your trading records, find your own problems through trading records, and solve them in a targeted manner!!...

  Jane Foley, head of foreign exchange strategy at Rabobank, said the dollar could weaken broadly in the short term, with signs that the European Central Bank's rate hike cycle is peaking, suggesting that the euro may struggle to rise further against the dollar after the summer. She added that she also expected the euro to fall back to 1.11 against the dollar in a month's time. Jane Foley, head of foreign exchange strategy at Rabobank, wrote in a forecast assessment: "There is an inversion in the US...

  On July 18, the US dollar fell against a basket of currencies on Monday. Last week, it recorded its largest weekly decline this year due to the decline in US Treasury yields, but it remained above the more than one-year low hit on Friday. There was no major catalyst to drive the market direction. Gold prices did not change much, and gold traders remained skeptical about whether the Federal Reserve might soon send a signal to end monetary tightening. On Tuesday (July 18), Beijing time, the US dollar fell against a basket of currencies on Monday, after falling last week due to...

  Before getting into the topic, I would like to describe the experience that most traders have had. Whether you are a veteran with many years of trading experience or a newcomer to the market. When we think back to the day when we first entered the trading industry and started trading on our own (it must have been started by yourself rather than following the advice of others or teachers to enter the market passively) Are you confused by the many magical indicators on the disk? Are you struggling to understand the signals of each indicator and the meaning expressed by the indicator...

  The first mistake in the design process of a trading system is that the trading system is the optimization of indicators. Many producers of trading systems believe that the trading system is the optimized indicator. Therefore, these producers are keen to use the indicator optimization function of stock analysis software such as analysts and SUPERCHAT to calculate each indicator every day and assign specific parameters. In fact, these people have made two mistakes. One is to mistake the predictive analysis part of the trading system for the whole of the trading system.

  On July 17, this week's G20 finance ministers and central bank governors meeting was held, focusing on relevant speeches to seek more signals on the direction of the Federal Reserve's interest rate policy. The Reserve Bank of Australia announced the July monetary policy meeting notes. It is necessary to pay attention to whether the new chairperson of the Reserve Bank of Australia's policy bias hints. In addition, pay attention to the press conference held by the State Council Information Office on the operation of the national economy. Beijing time on Monday (July 17), this week's G20 finance ministers and central bank governors meeting was held, focusing on relevant speeches to...

  On Thursday, Brad, a prominent "hawk" member of the Federal Reserve, said he would step down as president of the St. Louis Fed, officially leaving on August 14. He spent 15 years at the bank before becoming dean of Purdue University's business school. Since mid-2021, Brad has been pushing the Fed to take more aggressive steps to curb the hottest inflation in decades. He believes the Fed is wrong to see high inflation as "temporary". Brad is one of the first...

  On July 13, Beijing time, the Asian market morning, the US dollar index continued its overnight decline, once refreshed more than a year low to 100.44, and is currently trading near 100.50. The US dollar index fell 1.05% on Wednesday to close at 100.59. Earlier data showed that US consumer price inflation slowed in June, suggesting that the Federal Reserve may only need to raise interest rates again this year. Jordan Rochester, senior foreign exchange strategist at Nomura G10, said he was raising...