EUR/USD 1.17215
0.012%
Gold 4693.41
0.250%
Oil 94.637
-0.299%
USD/JPY 159.405
-0.007%
GBP/USD 1.35358
0.020%
GBP/JPY 215.772
0.016%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
April 28th - As obstacles to Kevin Warshs confirmation as the next Federal Reserve Chairman appear to be diminishing, markets are reassessing the potential implications of this change. AMP Chief Economist Shane Oliver stated that Warsh is committed to maintaining the Feds independence and may prioritize AI transformation over employment. Oliver said he might also prioritize cut-off mean inflation over core PCE, though this could be seen as a selective approach. Oliver added that his stance might be slightly more dovish than Powells, but not fundamentally different.According to Fox News, U.S. Secretary of State Marco Rubio said that the pressure on Iran is "extraordinary" and that more pressure could be applied.April 28th - Amid escalating geopolitical turmoil, British retailers offered discounts to stimulate consumer spending, helping to cool shop price inflation in the UK in April. The UKs BRC Shop Price Index fell to 1% year-on-year in April from 1.2% in March. Food inflation fell to 3.1% from 3.4% a month earlier, while non-food prices fell 0.1% year-on-year, reversing the 0.1% increase in March. Helen Dickinson, Chief Executive of the British Retail Consortium (BRC), said that retailers intensified price competition in an environment of weakening consumer confidence to stimulate more spring spending. She stated, "While we havent yet seen the full impact of the Middle East conflict on consumer prices, that impact will soon begin to appear."The UKs BRC Shop Price Index rose 1% year-on-year in April, down from 1.20% previously.April 28th - This week is destined to be significant for the Federal Reserve. Following the Justice Departments conclusion of its investigation into Jerome Powell, Republican Senator Tillis withdrew his obstruction of the confirmation process for Fed Chair nominee Dirk Warsh on Sunday. The Senate Banking Committee has scheduled a vote on Warshs nomination for 10 p.m. Beijing time on Wednesday, clearing the way for a full Senate confirmation vote before the week of May 11th. Hours after the nomination vote, the Fed will announce its April interest rate decision, and Powell will hold his 63rd, and likely final, Fed Chair press conference. If Warshs nomination for both Fed Chair and Board of Governors is approved, he will replace Jerome Milan, who temporarily filled the vacancy on the Board of Governors, becoming the shortest-serving official since the 1950s. If Milan fails to rejoin the Fed, he will attend his sixth and final Fed meeting this week, having consistently championed interest rate cuts. The question now is whether Powell will, as is customary, relinquish his Board of Governors seat (which expires on January 31, 2028) upon stepping down as Fed Chair (his term ends on May 15th). If Powell chooses to leave immediately and another of Trumps own appointees fills his vacancy on the Federal Reserve Board, Trump will have four of his own appointees (Woller, Bowman, and Warsh) on the seven-member board. This provides support for Trump to take potentially aggressive measures (including removing regional Fed presidents) to dismantle the Feds traditional structure. Powells final choice will directly influence the pace and extent to which Warsh or Trump reshape the Feds operations.

Currency Trading Forex

Drake Hampton

Mar 24, 2022 14:28

Forex currency trading may be the correct choice for you if you're seeking for a very liquid trading environment that allows you to speculate on a practically 24/6 currency market. Forex trading should be confined to risk money, and while the off-exchange foreign currency market has certain unique hazards, it can present a chance for educated traders to benefit from a very busy worldwide market.


截屏2022-03-24 上午10.54.45.png

The Basics of Forex Currency Trading

It is a worldwide market for currency exchange between governments, as well as for individual investors or dealers. As the name indicates, the retail off-exchange forex market does not take place on an exchange, which means that there is no physical site where all currencies are traded.

 

A critical and fundamental point to grasp about forex is that it is traded in pairs. This implies that you are simultaneously purchasing and selling a currency. For instance, you initiate a trade in the European euro versus the US dollar, or EUR/USD. This indicates that you expect the euro will appreciate in value relative to the dollar. On the other hand, if the euro depreciates against the dollar, you risk losing your whole investment, or even more. If the euro increases in value and you wish to benefit, you would "unwind" your position by selling the euro and purchasing the dollar. That is a fairly simplified example, but it should illustrate how forex works in general.

Considerations

Consider the following before engaging in forex trading:

 

Leverage: Using a little quantity of money to control a huge investment. This enables high potential returns, but caution should be exercised because it can also result in significant losses.

 

Market that operates nearly 24 hours a day, six days a week: Respond quickly to market circumstances and economic events by trading almost 24 hours a day, six days a week — from Sunday to Friday.

 

Liquidity: Forex is an extremely busy market with an enormous volume of trading, particularly in the largest currencies. Trading some of the more esoteric pairings may raise worries about liquidity.

 

Forex currency pairs are exchanged in 10,000-unit increments with no fee. However, the bid/ask spread reflects the cost of the trade.

Establishing an account

To begin forex trading with Top1 Markets, you must first establish a basic account. Individual or joint accounts are available for the Standard account. Additionally, you must request for and receive approval for margin rights on your account.

Suggestion