Tag Archives: what is leverage in forex

Crude Oil Spikes On Drop In Inventories Ahead Of OPEC Meeting

Crude oil prices showed a substantial move to the upside during trading on Wednesday as traders looked ahead to the start of OPEC’s biannual meeting in Vienna on Thursday. After inching up $0.14 or 0.3 percent to $56.10 a barrel on Tuesday, crude for January delivery spiked $2.33 or 4.2 percent to $58.43 a barrel. The jump in oil prices came after a report from the Energy Information Administration showed a steeper than expected weekly drop in crude oil inventories. The report said crude oil inventories tumbled by 4.9 million barrels in the week ended November 29th compared to estimates for a decrease of about 1.7 million barrels. Meanwhile, the EIA said gasoline inventories climbed by 3.4 million barrels last week and distillate fuel inventories increased by 3.1 million barrels. Traders were also looking ahead to the meeting of OPEC members of other oil producers and potential changes in oil production policy. Reports suggest OPEC and its allies will discuss increasing the existing supply cut of 1.2 million barrels per day by another 400,000 barrels per day and extend the pact until June. Renewed optimism about trade also contributed to oil’s rally after a report from Bloomberg News indicated the…

*U.S. Crude Oil Inventories Plunge By 4.9 Million Barrels In Week Ended 11/29

U.S. Crude Oil Inventories Plunge By 4.9 Million Barrels In Week Ended 11/29 The material has been provided by InstaForex Company – www.instaforex.com…

*Bank Of Canada Maintains Overnight Rate Target At 1.75%

Bank Of Canada Maintains Overnight Rate Target At 1.75% The material has been provided by InstaForex Company – www.instaforex.com…

EUR/USD. December 4. The euro took the lead in the confrontation with the dollar, but for how long?

EUR/USD – 4H.

On December 4, the EUR/USD pair performed an increase to the Fibo level of 50.0% (1.1080). However, this level did not become any strong barrier for the euro-dollar pair. At least, a pronounced rebound from it did not happen, but now the quotes can perform a reversal in favor of the US currency and resume the process of falling. It is difficult to say how long it will last and how strong it will be, as the pair closed over the downward trend corridor, indicating a desire to start an upward trend.
The information background can now be safely identified with only one figure on the world stage – with Donald Trump. The US president likes to be on the front pages of all periodicals, so he continues to distribute comments in which he criticizes half the world, not forgetting “his own garden” – the Fed and Jerome Powell. However, there is no shortage of Trump’s actions by US trade partners. The American president imposed duties against Argentina, Brazil, Turkey, China; he is preparing to impose duties on France, as well as automotive products from the European Union. Not to mention the expansion of the trade war with China, which…

*Malaysia Oct Trade Surplus MYR 17.3 Bln, Consensus MYR 11 Bln

Malaysia Oct Trade Surplus MYR 17.3 Bln, Consensus MYR 11 Bln The material has been provided by InstaForex Company – www.instaforex.com…

GBP/USD. Pound on the line: Conservatives hold the power, Trump threatens China again

Yesterday, the pound paired with the dollar tested the 30th figure again for the first time since the end of October. The sharp rise in prices was associated not only with the strengthening of the British currency, but also with the weakening of the dollar. At the same time, the dollar index updated multi-week lows yesterday in response to an external fundamental background. Now, if the pound is waiting for December 12, which is the day of the British Parliament, the US currency is afraid of another date – December 15. On this day, the United States intends to introduce a new 15% duty on Chinese imports in the amount of $ 160 billion. Trump’s recent statements indicate that the fate of the new duties is in the hands of China itself: either Beijing makes concessions and concludes a deal, or the trade war continues. Against this backdrop, the dollar has come under significant pressure, as a new round of global conflict is filled with another round of interest rate cuts by the Fed.
But let’s start with the British events. The pound is fully focused on the ups and downs of the election campaign, where the main competitors…

Hong Kong PMI Continues To Tumble – IHH

Hong Kong’s private sector continued to contract in November, and at a faster pace, the latest survey from IHH revealed on Wednesday with a 16-year low PMI score of 38.5. That’s down from 39.3 in October and it moves further beneath the boom-or-bust line that separates expansion from contraction. The November reading saw the sharpest decline in business activity in survey history, while the fall in new business was the sharpest since 2008. Business confidence remained close to a record low. Political unrest continued to disrupt the functioning of businesses, according to survey respondents. The material has been provided by InstaForex Company – www.instaforex.com…

Japan Service Sector Stages Weak Recovery

The services sector in Japan moved back into expansion in November, albeit barely, the latest survey from Jibun Bank showed on Wednesday with a PMI score of 50.3. That’s up from 49.8 and it moves back above the boom-or-bust line of 50 that separates expansion from contraction. Individually, activity rebound in November, although growth was marginal amid soft new order expansion. Input price inflation accelerated but charges rose at a slower rate. The survey also showed that the composite index moved up to 49.8 in November from 49.1 in October. The material has been provided by InstaForex Company – www.instaforex.com…

EUR/JPY approaching support, potential bounce!

Trading Recommendation
Entry: 120.0051Reason for Entry: 100% Fibonacci extension, 76.4% Fibonacci retracement, horizontal overlap support
Take Profit : 120.6125Reason for Take Profit: Horizontal overlap resistance, 61.8% Fibonacci retracement
Stop Loss: 119.6574Reason for Stop loss::horizontal swing low support, 76.4% fibonacci retracementThe material has been provided by InstaForex Company – www.instaforex.com…