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

17 Nov 2022, 14:13 · Views 315

#XAU/USD# #commodities: #oilprices recorded a second day of loss despite a more-than-expected drop in the U.S crude stockpiles on easing Russia-Poland #tension and demand worries from China’s rising #COVID-19 cases. Brent crude futures and WTI futures fell 0.7% to $92.24 and 0.8% to $84.94 a barrel each. #goldprices traded at the key resistance level at $1,780 on fears of escalating Russia-Ukraine conflict, reducing the safe-haven demand for the yellow metal. Spot gold fell to $1,773.88 while gold futures remained unchanged at $1,777 an ounce. Copper prices also fell as concerns about the COVID-19 outbreak in China.

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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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#EUR/USD# #currencies: #dollar appeared to have little support from the jobs reading as traders booked profits while hopes of China reopening boosted risk sentiment. It was at a five-month low, sending its index down 0.18% to 104.28. The #euro and #sterling surpassed almost 0.1% to trade at $1.0547 and $1.2298 respectively. #antipodean currencies also moved in the similar pattern: Aussie was up 0.54% to $0.683 and kiwi added 0.12% to $0.642. Only the #yen weakened 0.11% at 134.46 per dollar.

Martin.phan

#NZD/USD# NZDUSD yesterday has increase strongly, but it faces off with the resistance at 0.63470 and felt back down.Now it is going to retest its old top 0.63387 and maybe it could be decrease to its own down trendline at 0.62902.Waiting until it retest at its old top then consider Sell options: Sell:0.63398, 0.63470,S/l:0.63558,T/p:0.63046,0.62866

Martin.phan

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: Investors' keying on comments of the Fed slowing the interest rate hike pushed the dollar index down more than 1% to 105.69, and is on track for a 5.10% downtrend. The #dollar also cut 0.48% to 137.39 yen and was predicted to lose 7.39% this month. The #euro and #sterling added around 0.2% to $1.04325 and $1.2086 respectively. Antipodean currencies were buoyed by easing COVID-19 curbs in China.

Martin.phan

NZDUSD now is also in sideway trend when 0.6329 and 0.6315 are two strong support and resistance.So, my advice is just wait and do nothing.We will want the price breaks out of sideway trend then easier to decide what best positions. +Sell: 0.6328,S/L:0.6332,T/P:0.6298

Martin.phan