Investment Academy training

The Dollar Rises Following Powell’s Bullish Statement

.

Global demand for gold fell 6 percent in the first half of this year - the lowest first-half total since , according to the World Gold Council (WGC). Today, the dollar was the strongest G10 currency as traders waited for the first testimony by the new Fed chair. The dollar index, which tracks the dollar’s movement against its top global peers.

Today, the dollar was the strongest G10 currency as traders waited for the first testimony by the new Fed chair. The dollar index, which tracks the dollar’s movement against its top global peers.

The fall was partly attributed to the stronger USD as traders waited for the testimony by Powell and partly due to the increasing deficit. The data released earlier today showed that the country exported and imported goods worth NZD 4.

The pair is trading at a low of 0. The pair broke the support price of 1. Yesterday, we predicted that a breach of this level would see the pair test the 1. This has already happened as shown below.

The pair could also reach 1. The alternative scenario is where the pair starts moving up which could see it reach a high of 1. The kiwi fell against the dollar following disappointing trade balance data and the anticipation of the Powell statement.

With no major data scheduled for tomorrow from New Zealand, there is a possibility that the pair could continue to go down. The chart pattern shown below further illustrates why. This will be determined by the pricing of the dollar. The short-term target for the pair is 0.

The fall was attributed to a combination of a stronger dollar and higher treasury yields. You should not invest money that you cannot afford to lose. Traders are people who work on the Forex market, trying to ascertain the direction in which the value of a currency will go and make a trade for the purchase or sale of that currency.

As such, by buying a currency cheaper and selling it for more, traders earn money on the Forex market. Traders make their decisions based on the analysis of all factors that can affect prices; allowing them to work out precisely in which direction prices are moving. You can make a profit on the Forex market when the value of a currency drops as well as when it increases.

Furthermore, traders can make trades on the Forex market from anywhere in the world; from London to Timbuktu. For novices who have just taken their first steps onto the Forex market, we recommend enrolling on one of our educational courses.

The courses will teach you not only the basics of the foreign exchange market, but also methods of analysing it and how to avoid common pitfalls.

With education from Alpari, you will gain valuable theoretical knowledge which you will be able to apply when trading. Moreover, you will find out about money management, learn to keep your emotions under control, discover how trading robots can be useful, and much more. You can take part in our courses online from the comfort of your own home. If you have never worked with Forex before, you can get acquainted with the ins and outs of currency trading on a demo account with virtual funds.

With a demo account, you'll be able to explore the Forex market from within and develop your own trading strategy. After you have opened an account, whether it be a demo or live account, you will need to download MetaTrader; a special program for trading on the Forex market.

In the terminal, you can keep track of market quotes, make trades by opening and closing positions, and stay up to date with financial news. The terminal is available on PC as well as on mobile devices. With Alpari, you can start trading on the Forex market with any amount of funds on your account. If you would like to try trading Forex on a live account, but you'd also like to keep risk to a minimum, try trading with a nano. We're sorry, an error has occurred. Please try again later. Notification of this error has been sent to our technical support team.

To remain on this page, click Cancel. To view videos and interactive content on our site, you will need to first download Adobe Flash Player version It appears that JavaScript or cookies are currently disabled in your browser.

You will need to enable them in your browser settings to activate certain features on our site. Forex trading with Alpari: More than two million clients have chosen Alpari Experience 19 years on the FX market Reliability 3 international licences Authority The largest MetaTrader broker creator.

Forex with Alpari You can earn on currency rate fluctuations. Lucky Pound Breakout trading. Audit verified By return American World. Alpari Cashback Join the program. Tools Bid Ask Spread Apple Collect bonuses from Alpari! Financial market analysis Next release in.

The New Zealand dollar fell against the US dollar. Today, the dollar was the strongest G10 currency as traders waited for the first testimony by the new Fed chair.

Closed On:

You should not invest money that you cannot afford to lose.

Copyright © 2015 socialbookmarkingfacts.info

Powered By http://socialbookmarkingfacts.info/