hanji forex ke business me kaam karna hai to esme news data aur events ke baarein me pata hona chahiye because world ka economic conditions par base hokar he ye market me move karta hai,esme fundamental analysis bhi jaroori hai.
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However, the moves in FX today were before those headlines and indeed, the G7 nations gathering this weekend have been a weight on risk sentiment considering Trump's switch up in tactics with respect to tariffs on the EU, Mexico and Canada and the lack of positive progress in negotiations between Washington and Bejing. Also, but not least, we have the historic summit between the US and N.Korea just around the corner and indeed the three central bank meetings, the FOMC, BoJ and the ECB.
There was a risk-off tone, especially in the EM-FX space. "Tensions remain in selected emerging markets, with Turkey continuing its defence of the lira with a 125bp rate hike to 17.75% and sharp losses on the South African rand, Mexican peso and Brazilian real," analysts at Westpac explained.
“It’s safe to say that if you use leverage in a responsible manner and treat it with the caution it deserves, it can certainly be an effective tool that can produce favourable unprecedented results,’ explain experienced industry professionals from Australian forex broker comparison site, Compare Forex Brokers.
When leverage caps are imposed, as in the US since 2010, Forex traders are expected to make themselves aware of where they fit in the respective new regulatory schemes. In addition they are expected to determine how regulators classify the counterparts that are used to trade over-the-counter Forex.
Read more at https://www.businessinsider.com.au/l...1JDz10lMkkC.99
Brokers are also placed in an awkward situation, as they are left having to choose between potentially losing clients that seek greater leverage to offshore jurisdictions; or risk their reputation by engaging in legal changes to cater to the needs of traders in the European Union.
Time has yet to tell how things will pan out for brokers and traders in the European Union now that the changes have been made. When this was done in the US Forex retail industry, traders weren’t able to move offshore, as it is considered illegal under US law. As a result, many simply gave up retail trading altogether as leverage levels were implemented, while others continued to trade under the new rules and adapted to them.
The pound rose to the day’s highs on Thursday after data showing that UK retail sales outstripped forecasts in May as good weather and the Royal Wedding boosted consumer spending.
GBP/USD was up 0.49% to 1.3442 by 05:03 AM ET (09:03 AM GMT), from around 1.3396 ahead of the report.
UK retail sales jumped by a far larger-than-expected 1.3% in May, the Office for National Statistics said, while the figure for the previous month was revised up show a 1.8% increase.
The Fed described the U.S. jobs market as “strong” and said economic activity had been rising at “a solid rate”.
The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, was down 0.29% to 93.29.
Investors remained cautious as the Trump administration prepared to unveil $50bn worth of tariffs on Chinese goods – a move that Beijing has also warned will be met with retaliatory action.
Sterling was also higher against the euro, with EUR/GBP sliding 0.25% to 0.8794 as investors awaited the conclusion of the European Central Bank’s policy meeting later in the day.
Market participants were awaiting details on the ECB’s plans for winding up its huge bond-buying stimulus program. The central bank will also release its latest growth and inflation projections.
Yes dear friend these news are very rare we must follow it and we get a huge profit because these news have many important role in trading,i am also following these news for opening a great trade.
News ko follow karney ka trend trading ma kafi hai aur traders in k sath hi apni trade kartey hain aur profit making kartey hain. Forex mai time to time news milti rehti hai trading related lekin lazmi nahi k sari news helpful ho profit k liye. is liye jis news ka impact strong ho aur us ka source acha ho us pey hi trust karein baqi apna experience lazmi use karein sirf news pey dependent na rahein.
forex ke business me trader ko woi news ko follow karna chahiye jo market me important hota hai,NFP ko bahut he bada news maana jaata hai aur kaafi important bhi hota hai esliye esme trader ko big news ke time market me hamesha he active rehna chahiye uske baad he wo esme ache se market me kaam kar sakenga,esme trader jetna jada time deta hai uske liye utna he acha market me rehta hai.