#XAU/USD# Commoditie...from Martin.phan

25 Oct 2022, 14:22 · Views 334

#XAU/USD# Commodities: #oilprices fell on the weakening global demand in response to China’s sanking crude #imports related to #COVID-linked restrictions and gloomy economic data. On the other hand, weaker business activity indicators from major economies also signaled more headwinds for global crude appetite. Brent crude oil dropped 0.3% to $91.22 a barrel while U.S WTI futures traded flat around $84.56. The steady dollar and growing concerns over the slowing global economy pressured #goldprices to stick near key support levels of $1,650; however, both spot gold and gold futures still gained 0.2%.

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Martin.phan

156 Posted · 212 Followers

I am here to talk about my definition, my points of view about Forex market.I am happy to be a part of your profit when my signals can help you!

XAU/USD

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WTI.F

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Don’t confuse margin and leverage. Though their relationship is interdependent, each functions distinctively. Leverage is the ability to control a large amount of money using none or very little of your own money and borrowing the rest. For example, to control a $100,000 position, your broker will set aside $1,000 from your account. Your leverage in ratios is now 100:1 and you have control over $100,000 with only $1,000. Meanwhile, margin is the initial amount of money that you have to deposit into your account in order to start transactions, including leverage uses, with your broker. Margin is usually expressed as a percentage of the full amount of the position. If your broker requires a 2% margin, you have a leverage of 50:1.

Martin.phan

#EUR/USD# #currencies: Biggest U.S banks giving recession warnings dampened risk appetite and sent the #dollar back to its strong position after a five month low this week. The dollar index was up to 105.60, beating against #yen to trade at 136.97. #sterling lost ground 0.4% to settle down at $1.2128, followed by a 0.13% decrease in #euro to $1.0460. The #aussie remained buoyed by RBA’s hawkish stance though it was last 0.16% higher at $0.6699. Kiwi edged 0.02% lower to $0.6317. Offshore yuan trade higher at $6.9845, supported by relaxing COVID-19 restrictions.

Martin.phan

Although margin trading empowers you to enter into positions larger than your account balance, it could also let you fall into margin calls if you don’t fully understand how it works. THREE things below are what you should pay attention to when trading on margin: Read the margin agreement between you and your broker carefully. Your positions could be partially or totally liquidated if your available margin falls below a predetermined threshold. But you may not receive a margin call before your positions are liquidated. Brokers may have different margin requirements for different currency pairs.

Martin.phan

#XAU/USD# #commodities: Weakening Chinese manufacturing activity due to lockdown measures along with concerns related to OPEC+’s last meeting about the supply cut and the dollar drop ended the three-day rally of oil prices. Brent crude #futures and WTI crude #futures remained unchanged at $86.83 and $80.50 respectively on per barrel. #Metalprices rallied on speculation of smaller rate hikes and scaleback of COVID-19 restrictions in China. #Spotgold inched up 0.5% to $1,778.20 while #goldfutures added 1.8% to $1,791.25. #Copperprices firmed around $3.7838 a pound, after gaining more than 4% in the previous session.

Martin.phan

#NZD/USD# NZDUSD was down like I expected yesterday to 0.62108, and now it is waiting to absorb money to create an uptrend short-term to 0.63000, which is a key resistance.At that point, it will show whether the price could fly up further or bounce down deeper 0.62108.I suggested for scalping Buying sides: +Buy:0.62353,S/L:0.62108,T/P:0.62987

Martin.phan