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zahidawan

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Posts posted by zahidawan

  1. Gold prices slumped on Monday, as investors pulled out of safe-haven assets such as gold, after pro-European candidate Emmanuel Macron won the first round of the French presidential election.

    Gold for June delivery on the Comex division of the New York Mercantile Exchange dipped $12.27, or 0.95%, to $1,276.74 a troy ounce by 13:49 EDT.

    Gold suffered its biggest decline in over a month, falling more than 1%, after polls indicated Mr Macron would emerge victorious against anti-EU candidate Marine Le Pen in the run-off vote, scheduled for May 7.

    The slump in gold prices, however, was capped by dollar weakness and rising geopolitical tensions.

    The U.S. Dollar Index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, fell by 0.61% to 99.05 by 13:45 EDT.

    Dollar-denominated assets such as gold are sensitive to moves in the dollar – A dip in the dollar makes gold cheaper for holders of foreign currency and thus, increases demand.

    Meanwhile, North Korea stoked geopolitical tensions, after the Kim Jong-un led nation said on Sunday that it was ready to sink a U.S. aircraft carrier, as two Japanese navy ships joined a U.S. carrier group in the western Pacific.

    Elsewhere, investors look ahead to details on President Donald Trump’s tax reform plan. President Donald Trump said Friday, he will unveil a tax plan on "Wednesday or shortly thereafter" that includes a “massive tax cut” for individuals and businesses.

    Other precious metal failed to capitalise on the slump in the dollar, as platinum fell 1.60% to $962.05 while silver futures dipped 0.05% to $17.93 a troy ounce.

    Natural Gas slumped 0.63% to $3.173 while copper rose 0.55% to $2.565.

  2. In getting the benefits it will be more dependent in the science and also the ability of trading owned, because with the maximum knowledge it would be easier in the profits will be obtained well.

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  3. Because with the demo account forexmart we can learn and practice properly and correctly, most importantly how traders themselves use it and can improve their skills and trading skills well, so it can run trading in real account with a comfortable and secure

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  5. We can use service from broker like as forexmkart, and if we having good skill trading we can making money from forex, but indeed however forex trading required good skill trading if we want to become trader hence we need practice to finding profitable strategy before start on real account.

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  6. each of every one of us can encounter loss. its all about our mindset on how can we solve it. And start a new beginning.

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  7. No it had been never an easy task and it will never be, you need to learn a lot to become successful in Forex Trading else you could just end up losing it all in Forex.

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  8. Hi,

     

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    2. It's hard to earn money in forex

     

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  9. Markets turn threat (Macr)on

    Emmanuel Macron winning the first round of the French Presidential election sent markets into ecstasy. The euro hit its uppermost against the dollar since Donald Trump won the US election, French bank shares soared (some by double digits) and German stocks reached a new all-time high. Markets have written off Marine Le Pen as French President in 2017 and with it the existential threat to the euro and the redenomination risk of all French assets.

    Macron as President is not a done deal yet with the final result not known until May 7 but the way markets are reacting, it may as well be. There is some justification for the overconfidence in a Macron presidency. For the first time since before the 2015 UK general election the polls got it right in the first round of the French Presidential elections. As of Sunday night, markets are feeling a lot more confident in the polls showing an easy win for Macron in the second round.

    Banks lead the way higher

    Banks were the obvious high beta recipients of a more certain economic outlook for the Eurozone with Emmanuel Macron at the helm in France. Bankers look after their own so former Rothschild investment banker Macron is a win for the banks. Still we’d see this as a time to lighten up on European banking shares which still carry a lot of uncertainty and have already been one of the biggest beneficiaries of the reflation trade. Other cyclical sectors including retail maybe better placed to benefit from an improving fundamentals and a calmer political outlook moving forward.

    Miners ignore Chinese stock crash

    The obvious exception to the rule of jubilation in markets was to be found in China, where stocks had their worst day this year. Mining stocks jumped on the FTSE 100, alongside most other sectors but if this sell-off in Chinese stocks continues, that could easily change. The mining firms shouldn’t in theory be affected by Chinese stock prices but in times of panic (like Summer 2015) they seem to be. If data this week shows US growth slowed more than expected in the first quarter of 2017, markets could get a little more China-sensitive in the context of global growth.

    Utilities don’t like May’s Miliband impression

    It was a one two-punch of an election-inspired government U-turn on energy bill caps and a move out of traditional havens that sent utility company shares to the bottom of the FTSE 100. Top energy suppliers including Centrica and SEE were two of only a handful of losers on what was a very positive day for British stocks. A price cap is a direct hit to utility company profitability, but how much of one will depend on where the cap is set.

    Havens pared back

    With European election risk seemingly out of the picture, havens like gold and the Japanese yen were out of favour. EUR/JPY gained as much as 3%, a huge daily move by foreign exchange standards, before coming off its highs. Gold looks a little top-heavy near $1300 per oz but US policy uncertainty should put a floor under any larger sell-off.

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