23 Dec 2022, 15:36 · Views 1,344

#currencies: Upbeat U.S economic data reinforcing the Fed’s aggressive tightening path sent the #dollar on the front foot. Meanwhile, #yen lost ground against the greenback at $132.39 but continued to draw solid demand after BoJ’s surprise policy tweak. #sterling was higher at $1.2038. #euro gained little to $1.062 due to combined pressure stemming from weak Eurozone growth, the Ukraine war and the Fed’s rate hike. #antipodean currencies were mixed: Aussie rose to $0.6675 while kiwi dropped to $0.6231. Offshore #yuan slightly rose to $7.0038.

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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!

EUR/AUD

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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

#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 now is in price channel which is not really wide.The price now should wait to absorb money then creates its trend.But the trend short-term now is uptrend.So you guys should consider Buy positions.Our strategy today is just scalping.This moment the market is really hard to predict. +Sell: 0.6391,T/P:0.6375,S/L:0.6400 +Buy:0.6373,T/P:0.6419,S/L:0.63650

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