Online Forex Trading Broker Review: New Year's Black Swan Comes Fiercely!

 

2020-01-06 13:16      from:CAPSTONE    author:Jack

Online Forex Trading Broker Review of yesterday:
 
The week that has just passed is the week in which the old year is greeted and the new year is celebrated. The global market has just come from the calmness of the holiday, and a major event that has shocked the world! In the early morning of Friday, 3rd local time, an emergency occurred near the Iraqi capital Baghdad International Airport, and Shia leaders and officials of the Iranian Islamic Revolutionary Guard were killed. According to Reuters, U.S. officials have confirmed that the attack on Baghdad airport suspected of being linked to Iran was done by the United States. After the incident, oil market worries aggravated, the two oils continued to rise, the U.S. and U.S. oil prices rose to 4%, and WTI crude oil rose to more than 64 US dollars in the European session, refreshing the highest since April 30, 2019. At the same time, gold broke through $ 1,550, the first time since early September, and it rose more than $ 20 from its intraday low. This incident may become one of the most shocking events in the Middle East in recent years. In short, the US move has brought huge geopolitical uncertainty to the market, oil prices may continue to rise, and risk assets may decline across the board.
 
Unlike the liveliness of other markets, the foreign exchange market this week was flat, and the imaginary holiday flash did not appear. The past few years have seen the recent weakness of the US index, which has shown signs of weakness, and it is unlikely that there will be any improvement after the first two trading days of this week. Fortunately, due to the outbreak of risk aversion, the US dollar index rose sharply in the short term on Friday morning, showing a rebound momentum. The euro also recorded two consecutive gains at the beginning of the week. However, due to signs of contraction in the manufacturing PMI in December, the euro closed down on Thursday, giving up some gains during the week.
 
Online Forex Trading Broker Today's analysis:

Online Forex Trading Broker Review
 
 (Europe and the United States M30)
Europe and America:
 
In terms of fundamentals, there are still few signs of recovery in the euro zone data. Although market parties expect the euro to be bullish in 2020, there are still no signs of confidence. If Eurozone data remains modest, then focus on the movement of the US dollar. In terms of technology, the Euro just broke the 1.12 mark last week, but it soon recovered its gains and is currently under pressure at 1.1250. This week, the pressure levels above 1.1200, 1.1225, 1.1250, and the support levels below 1.1135, 1.1090 will continue to maintain a wide range of ideas .
 
 
EUR / USD trading strategy:
 
Strategy 1: Go higher and go long (20 points)
Entry: 1.1174 Stop Loss: 1.1154 Take Profit: 1.1194
Strategy 2: Short break (20 points)
Entry: 1.1154 Stop Loss: 1.1174 Take Profit: 1.1134
 
In terms of gold:
 
Fundamentally, the US air strike killed an important Iranian military and political target in Iraq, prompting investors to flock to safe assets. As the saying goes, gold in troubled times refers to the greater the possibility of war, the stronger the demand for gold. The situation in the Middle East will still be an important factor guiding gold. This week, the upper pressure levels are 1555, 1590, and 1600, and the lower support levels are 1544, 1540, and 1537. Keep the dips dominated.
 
 
Online Forex Trading Broker Focus on the data today:
 
German December service PMI final value
Eurozone December service PMI final value
Eurozone January Sentix Investor Confidence Index
UK Services PMI in December
Eurozone PPI monthly rate in November
U.S. Markit service PMI final value in December
 
[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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