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Corona Virus

Forex Commentary: 19/06/2020 – Stocks drift, dollar strength holds firm amid growth, second wave of corona virus worries

Risk appetite is looking increasingly on borrowed time as stocks turned sideways. Having lost momentum after last week’s sell-off global shares on Friday could only manage a tepid rebound from Thursday’s dip amid ongoing worries about the surge in new virus cases in the United States. The number of new daily corona virus cases reached record levels in ten US states this week, putting into jeopardy the reopening of the economy. Fresh doubts about the economic recovery were also raised…

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European Central Bank

EURUSD soars after ECB’s surprise move

The resurgent euro which has been rallying,on the back of recovery hopes for the eurozone economy got another shot in the arm on Thursday after the European Central Bank delivered a bigger than expected stimulus. The ECB boosted its pandemic emergency purchase program by a bigger than expected 600 billion euros and while the ECB sharply lowered its economic projections. ECB President Lagarde pointed to some signs that the downturn is bottoming out. Her comments underscored the central theme,that’s been…

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Margin and Leverage

Margin and Leverage in Forex Trading

Let’s say,that you want to trade a mini lot,remember that was 0.1 and it was worth,$1 per pip that is 10,000 units of,currency that seems odd but when you trade a mini lot you’re controlling,10,000 units of currency but let’s say that you only have $1,000 in your trading account how can you control a,10,000 unit position and I say units,because your account may be denominated in pounds or euros or yen or whatever. How can you trade 10,000 units…

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Market Commentary

Stocks await Trump’s Hong Kong decision; dollar skids on Fed remarks

Morning, this is the daily market commentary. Thanks for reading. Markets are bracing themselves for US president Trump’s press conference expected later today for his decision on what actions to take against China and Hong Kong. The Chinese Parliament yesterday passed the controversial national security bill,which is seen as eroding Hong Kong’s autonomy from China. US Secretary of State, Mike Pompeo has already warned, that the legislation would endanger Hong Kong’s special status with America and speculation is running rife…

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Market Outlook

Weekly Forex Outlook – Week of 25th May 2020

Now it’s looking to be a fairly quiet week however there are a few things coming up that markets will be looking at. Let’s start with a developing us-china feud and it appears though that the Australian dollar has brushed off these renewed tensions. Australia will be reporting quarterly figures on construction, that’s on Wednesday and capital expenditure on Thursday. We’ve seen some rising,tensions between the US and China and,that has impacted risk sentiment slightly in recent date who’s had…

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