Capstone Forex Trading Broker Review: Gold and crude oil go hand in hand to welcome 2020, global de-dollarization will exacerbate the weak dollar down!


2019-12-27 12:12      from:CAPSTONE    author:Jack

On Thursday, traders returned from the Christmas holiday. Gold continued the upward momentum of the previous three trading days, directly hitting the US $ 1,500 mark at the opening, and then continued to rise and broke the US $ 1510 mark, a new high in more than seven weeks. The trend of silver was also eye-catching, and it once rose over 1% and exceeded 18 The U.S. dollar mark hit a new high since November 5, but the profit-taking slip in the US session caused the silver price to fall below $ 18. After the holiday, the performance of the crude oil bulls was also quite "powerful". The two oil companies rose about 1% within a day. The oil price reached the highest level on the next day after the Saudi oilfield attack on September 17. The US oil reached a maximum of US $ 61.81 / barrel. The oil distribution was also approaching infinitely. $ 68 mark.
In terms of foreign exchange, the optimistic outlook for trade has pushed up commodity currencies such as the Australian dollar, New Zealand dollar and Canadian dollar. Both the Australian dollar and the New Zealand dollar have reached a five-month high, but the safe haven dollar and the Japanese yen have been under pressure. The euro first fell and then rose, and the euro hovered near the 1.11 mark; the pound opened higher against the dollar and fell below the 1.30 mark overnight.
Capstone  Online Forex Trading Broker Today's analysis:
Online Forex Trading Broker
 (Europe and the United States M30)
Europe and America:
Due to the Christmas holiday, there were not many economic data and financial events, and the overall risk appetite of the market was still optimistic. The Euro has not been further under pressure. The overall need to wait for the holiday before making directional bets. It fell 0.1% earlier. Today's fundamental data continues to be light, focusing on the gains and losses of the 1.1100 support below the day, maintaining the dips above the support level, the pressure levels 1.1127, 1.1166, and the support levels 1.1090, 1.1068, and 1.1053.
EUR / USD trading strategy:
Strategy 1: Do more on dips (10 points)
Entry: 1.1100 Stop Loss: 1.1090 Take Profit: 1.1110
Strategy 2: Go short (10 points)
Entry: 1.1090 Stop Loss: 1.1100 Take Profit: 1.1080
In terms of gold:
The price of gold rose for the fourth consecutive trading day. On Thursday, it broke through the $ 1,500 and $ 1510 mark, which is expected to reap the largest annual increase since 2010. As hedge funds joined the long bull market, gold made a breakthrough. In addition, geopolitical tensions have also stimulated the need for hedging. In the case of rising U.S. stocks, rebounding U.S. Treasury yields and a relatively strong U.S. dollar, gold continues to rise, which shows that gold is more resilient. The bullish sentiment in the market has attracted a number of new bulls to enter, and many investors expect gold to continue to rise in the new year. During the day, the upper pressure levels are 1516, 1519, and 1535, and the lower support levels are 1502, 1497, and 1488.
Capstone Online Forex Trading Broker Focus on the data today:
Japan unemployment rate in November
BoJ releases summary of comments of reviewers at policy meeting
[Capstone Online Forex Trading Broker Disclaimer]:
This analysis and trading strategy is an objective description of the current market trend. Investors need to strictly follow the trend, light positions, and stop losses! Orders cannot be completely based on trading strategies, only for reference!

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