100% safe Profitable Aur Asaan Strategy

[Zeeshan Lodhi]

Gold is decreasing following recent sideways trading phase, trading below 1315 and expected to decline along the 1308 range. The pair is contained between hourly support and resistance given at 1300 (29/12/2017 low) and 1338 (19/02/2018 high). The technical structure suggests further short-term decrease.

[Zeeshan Lodhi]

Euro/Dollar’s hourly indicators are mixed, but both the mid and long term models are mostly red. Interbank sentiment is neutral at less than 10% long. The Cable has mostly neutral signals in all three time ranges, which are backed up by the less than 3% short interbank stance.

[sarfraz786]

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[Zeeshan Lodhi]

The US Tech Index took most of the hit yesterday, creating a gap down and forming an Island reversal pattern, shown as the pink shaded area on the chart. This is a bearish development and may signal a move down towards the February lows. However, there is hope for bulls, as the recovery from those lows was strong enough to reach new all-time highs.

[Zeeshan Lodhi]

The dollar started the week little changed on Monday as traders set sights on new Federal Reserve Chair Jerome Powell’s first monetary policy meeting later in the week and as the increased threat of trade protectionism kept markets on edge.

[Zeeshan Lodhi]

The State Bank of Pakistan (SBP) has asked all foreign exchange companies to make sure their business is in compliance with the anti money-laundering rules and regulations. The President of the Forex Association of Pakistan, Malik Bostan, says he and his colleagues have already tightened their belts to do the needful and come up to the expectations of the central bank.

[Zeeshan Lodhi]

The US dollar on Monday, March 19, ended trading at J$127.86 down by 13 cents according to the Bank of Jamaica's daily foreign exchange trading summary. Meanwhile, the Canadian dollar ended trading at J$96.50 down from J$100.06 while the British pound sterling ended trading at J$177.09 down from J$178.10.

[Zeeshan Lodhi]

In Europe over the course of the week, the FTSE was down on last week’s close by 0.84% at 7164.1; the Dax ended at 12390, 0.35% up on last week’s close; the CAC was up by 0.16% to end the session at 5282.8. The Dow ended the week down by 1.5% to close at 24947. The Nasdaq composite index was down by 1% over the course of the week at 7482.

[Zeeshan Lodhi]

Zimbabwean economist Edward Cross states, “What authorities fear the most about relaxing exchange controls is that they will run out of foreign exchange. This is false, and Zimbabwe has proved it. We did away with exchange controls and prices stabilised. The great fear of running out of money to pay for imports was proven to be wrong. We had millions more dollars to pay for imports than we had before. South Africa has one of the most restrictive exchange control regimes in the world. The same with Venezuela. We could solve their problems in an hour.”

[Zeeshan Lodhi]

Forex Development Corporation (FDC) has announced that it has officially changed its name to FDCTech. The company has explained the rebranding, as a way to include their extensive commitment to the Fintech industry.