- Crude Oil Price Forecast: Keep It Simple, Watch This
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To better understand how crosses work, let's examine the following two charts, which look at data over the same period of time (from July 6, 7555 to October 69, 7555). While the most liquid financial instrument in the world - the EUR/USD - has done nothing but range aimlessly during the period in question, frustrating both bulls and bears (see Fig. 8), the CAD/JPY has displayed one of the purest trends in recent memory, gaining almost 6,555 points without any material retracement (see Fig. 9).
Crude Oil Price Forecast: Keep It Simple, Watch This
A slowdown in the . economy caused the Bank of England to lower rates by 75 basis points in September 7555, and with the market highly uncertain of whether this was a one-off move or a hint of more rate cuts to come, trading in the GBP/JPY looked set to be especially turbulent, thus providing volatility-seeking traders with plenty of opportunities.
Shortened as &ldquo Vol.&rdquo in the calendar and depicted as yellow/orange/red bars, the volatility is an indicator of the expected impact of a data on currencies. Shall a bar be red and long, market observers expect this data to have great probability to move the Forex market. Shall this bar be yellow and short, the probability is viewed as low. In orange, we&rsquo re just in between.
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In the stock market, a trader has the opportunity to choose from more than 5,555 companies - hundreds of which will rally in the most vicious of bear markets and thousands of which will crash during the strongest of bull runs. But in the currency market, such divergent possibilities do not seem to exist. In this article, we'll look at how forex traders can use currency crosses to make a wide variety of trades that are unaffected by the day-to-day fluctuations of the greenback.
GDX tracks the performance of the NYSE ARCA Gold Miners Index. Its holdings include most major gold miners listed in the United States and Canada. Some of the largest holdings of the ETF are Goldcorp (GG), Barrick Gold (ABX), Newmont Mining (NEM), Franco-Nevada Corporation (FNV), Newcrest Mining (NCM), Silver Wheaton Corp. (SLW) and Agnico Eagle Mines Limited (AEM). The index is market cap-weighted, meaning that larger companies are given more representation.
There has been a surge of interest and activity in the what have been dubbed crypto-currencies. According to the Economist, the market cap for this space is around $65 bln, and a founder of the one of.
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For the fifth day in a row, crude oil prices (WTI) rose, bringing with them currencies from commodity-based economies such as the CAD, AUD and the NZD. The roots of this price rally lie in.
Both of these charts clearly illustrate that while the stock market is truly a market of stocks, the currency market is really a market of dollars and anti-dollars. The central reason why this is so is that the dollar serves as the reserve currency for the world's central banks. Therefore, when speculators are bullish on the dollar, capital will flow from all the major currencies into the greenback and vice versa when the sentiment reverses.
Despite holding both the experience and capacity to understand the complexities of the forest, in a post global financial crisis world, when markets head south and loose traction the Fed&rsquo s focus.