Capstone Online CFD Trading Review: New Year's Day holiday is coming but the market is surging
2019-12-31 11:05 from：CAPSTONE author：Jack
Capstone Online CFD Trading Review of yesterday: On Monday, gold and silver continued to rise, and the market was temporarily relieved of the "confusion of the cross star". Spot gold once broke through the $ 1515 / ounce mark. Spot silver's rise was not very obvious, but it was also approaching the $ 18 mark. In the oil market, the crude oil market rose first and then fell due to the obvious dual factors of an increase in the Middle East risk premium and a slowdown in global economic data. Brent crude oil once returned to its highest level since the attack on the Saudi crude oil facility in September, and WTI crude oil once rose above the $ 62 mark. However, after the opening of the US stock market, the two oils turned from ups and downs, and cloth oil once fell to the $ 66 mark. In addition, the February main oil contract expired on Monday, resulting in higher-than-usual price fluctuations.
In currency markets, the US dollar index continued to weaken, falling below the 97 mark and closing at 96.78. European currencies continued to glow, the pound against the dollar, and the euro continued to rise against the dollar.
Capstone Online CFD Trading Today's analysis:
(Europe and the United States M30)
Europe and America:
Today is the last day of 2019, the New Year's Day holiday is about to begin, and today Germany, South Korea, Italy and Japan and other markets are closed. Signs of an improvement in the euro area economy have boosted the euro in recent weeks. European Central Bank Executive Committee member Isabel Schnabel said she wanted more precise inflation targets and asked German officials to better understand the central bank's practices. The upper pressure levels are 1.1208, 1.1230, 1.1285, and the lower support levels are 1.1195, 1.1155. Above the support level, the dips are long and the line selection is the main operation.
EUR / USD trading strategy:
Strategy 1: Go long and go long (13 points)
Entry: 1.1208 Stop Loss: 1.1195 Take Profit: 1.1221
Strategy 2: Go short (13 points)
Entry: 1.1195 Stop Loss: 1.1208 Take Profit: 1.1182
In terms of gold:
Gold continued its upward trend on Monday, after receiving the Doji Star, and then received a small Yang Xian, the overall willingness to do more obvious, is now firmly above the 1510 mark. From the short-term 4 hours point of view, the gold price fluctuated between 1445-1478.78 for a long time. However, with the bulls accumulating upside, they have recently broken the box. After the break, the bulls started to accelerate the upward trend. At present, they have reached the high-dense trading area in the early stage. The long and short sides have again stalemate here, but gold has emerged from a clear upward pattern, and the overall trend is upward, and the short-term or shock, but the overall The upward trend remains unchanged. During the day, the upper pressure levels are 1520, 1535, and the lower support levels are 1510, 1502, 1488.
Capstone Online CFD Trading Focus on the data today:
U.S. October FHFA house price index monthly rate
U.S. December Advisory Council Consumer Confidence Index
Some markets are closed ahead of New Year's Eve
[Capstone Online CFD Trading 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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