Tag Archives: how to invest in forex

Awarding of the most active Tifia trader in Thailand

Tifia always appreciates the performance of our clients and is grateful for choosing our platform for trading in financial markets. We are pleased to report that Mr. Noppavee Bukkamana has been awarded as the most active trader in Thailand, who has performed the biggest trading during the year. We awarded him a magnificent Rolex watch that will give… Read More »

✔✔eToro Money Making Guide Easy Step by Step Guide for Beginners eToro 2018

To Open Your Account Etoro (200$ Bonus) Click Here : https://bit.ly/2Fh0DkA If you have any questions, leave me a comment below, I will be glad to help. I hope you liked this tutorial! Since the deregulation of the forex trading industry in 1997, there has been a massive proliferation of internet based spot forex brokers. While this scenario… Read More »

Forex Copy Trading Software

Local Trade Copier Is A Special Mt4 Add-on Which Allows To Link Many Accounts On The Same Computer And Copy Trades Between Them Instantly And Simultaneously. Very Popular Among Forex Traders That Use Metatrader 4 Platform.One of the fastest and most popular trade copier software for MT4.

Crude Oil Futures Jump Nearly 12%, Gains 32% In Week

Crude oil prices rose sharply on Friday, climbing up for a second successive day amid rising hopes of deep production cuts by major oil producers, including Russia and Saudi Arabia. Demand for energy has dropped significantly and is likely to drop even further as the global economy is staring at a deep recession due to the rapid spread of the coronavirus pandemic. The OPEC has scheduled an urgent meeting with Russia and other oil producers next week to discuss output cuts and end the price war. The meeting, which will be held via video conference on Monday, is open to all producers including those from outside the OPEC+ alliance. U.S. President Donald Trump said on Thursday that he expects Russia and Saudi Arabia to cut production by 10 – 15 million barrels per day and significantly reduce global supply.d West Texas Intermediate Crude oil futures for May ended up $3.02, or almost 12%, at $28.34 a barrel. WTI Oil futures gained nearly 32% in the week. Brent crude futures gained nearly 14% to settle at $34.11 a barrel today. According to Baker Hughes, the number of active U.S. rigs drilling for oil dropped to 562 this week, down 62 from…

Gold Futures Settle Higher For 2nd Straight Day

Gold prices moved higher on Friday, lifted by the Labor Department’s data that showed a much bigger than expected jump in unemployment in the U.S. in the month of March due to business shutdowns amid the coronavirus outbreak. Gold futures for June ended up $8.00, or about 0.5%, at $1,645.70 an ounce. On Thursday, gold futures ended higher by about 2.9%, tracking a four-day losing streak. For the week, gold futures shed 0.5%. Silver futures for May declined $0.16, or 1.1%, to $14.494 an ounce, while Copper futures for May eased by 1.2% to $2.1925 per pound. The Labor Department report said employment plunged by 701,000 jobs in March after jumping by an upwardly revised 275,000 jobs in February. Economists had expected employment to slump by 100,000 jobs compared to the addition of 273,000 jobs originally reported for the previous month. With the much bigger than expected drop in employment, the unemployment rate surged up to 4.4% in March from 3.5% in February. The unemployment rate had been expected to climb to 3.8%. According to the latest update from Fitch Ratings, the escalation in coronavirus crisis is expected to trigger a deep global recession and the fall this year’s GDP…

Brazil Services Sector Shrinks At Record Pace On Covid-19 Disruption

Brazil’s service sector shrunk at the fastest pace in the survey’s 13-year history in March as businesses were shut and demand shrunk due to the coronavirus, or Covid-19, outbreak, survey data from IHS Markit showed on Friday. The headline seasonally adjusted IHS Markit Brazil Services Business Activity Index plummeted by nearly 16 points to 34.5 from 50.4 in February. A reading below 50 suggests contraction in activity. New work fell at the fastest pace since the survey began in March 2007, thanks to cancelled orders and business shutdowns. Export demand dropped at a rapid rate that exceeded the fall in total demand, mainly due to containment measures adopted globally to slow the spread of the Covid-19 pandemic. Employment fell at the fastest rate since October 2016, as businesses shed jobs in a bid to reduce operating costs amid shutdowns. Average costs increased sharply in March, but the overall rate of input price inflation was the slowest since last November. A strong US dollar and a corresponding increase in the price of imported items, pushed up purchasing costs. Charge inflation remained modest, but was the fastest in three months. Business confidence eroded sharply with expectations being the weakest since the survey…

U.S. Dollar Higher Amid Coronavirus Fears

The U.S. dollar firmed against its major counterparts in the European session on Friday, as investors sought safe-haven assets following grim Eurozone business survey, as well as continued COVID-19 concerns after virus cases exceeded one million. The IHS Markit eurozone services purchasing managers index slumped to a reading of 26.4 in March from 52.6 in February, the worst-ever reading in the history of the series, as the covid-19 pandemic and associated measures taken to contain the outbreak through Europe weighed heavily on business performance. The number of confirmed coronavirus cases crossed the 1 million mark globally with a death toll of 53,030, according to the new tally from Johns Hopkins University. Around 1,015,403 people have been diagnosed with the novel coronavirus across the world. Investors didn’t react to the disappointing U.S. jobs data for March. Data from the Labor Department showed that the U.S. employment fell much more than expected in the month of March. The report said employment plunged by 701,000 jobs in March after jumping by an upwardly revised 275,000 jobs in February. Economists had expected employment to slump by 100,000 jobs compared to the addition of 273,000 jobs originally reported for the previous month. With the much…

S&P Affirms Japan's Sovereign Ratings

S&P Global Ratings affirmed sovereign ratings of Japan as the fallout from economic shocks are expected to be temporary. The rating agency said the coronavirus or covid-19 outbreak has set back Japan’s fiscal stabilization process but it is expected to get back on track in the next one to two years as the economy recovers. The rating agency said the ‘A+’ rating reflects Japan’s exceptional external position, prosperous and diversified economy, political stability, and savings-rich financial system. The positive outlook indicates that Japan will return to a fiscal trajectory that stabilizes or improves its government debt level relative to GDP. Due to the sales tax hike in October 2019 and covid-19 outbreak, the economy is set to see marginal contraction in two consecutive fiscal years. Although the real GDP growth will rebound in fiscal 2021 to above 2 percent, the ongoing slowdown will take some wind out of current robust labor market conditions, S&P said. The material has been provided by InstaForex Company – www.instaforex.com…

Sweden Services Sector Activity Weakest Since 2012

Sweden’s services sector contracted at the fastest rate in 15 years to hit its lowest level since 2012, survey data from Swedbank and the logistics association SILF showed on Wednesday. The Purchasing Managers’ Index for the services sector decreased to 46.9 in March from 56.4 in February.Any reading below 50 suggests contraction in the sector. The latest monthly decline was the largest in the survey’s fifteen-year history and the reading was the lowest since 2012. The order index and production sub-indices recorded the biggest declines in March followed by employment. The sub-index for the suppliers’ delivery times increased for the second straight month, reaching a record high. “Normally, rising delivery times mean increased demand pressure, but this time it is rather a lack of supply that contributes to longer delivery times partly because of the corona virus and closed borders,” Swedbank analyst Jorgen Kennemar said. Service sector companies plans contracted in March, which indicates a darker economic outlook in the future. The Composite PMI, which combines manufacturing and services, fell to 45.9 in March from 55.4 in the previous month. The material has been provided by InstaForex Company – www.instaforex.com…

Pound Falls Sharply As U.K. Services PMI Shrinks To Record Low

The pound moved down against its major counterparts in the European session on Friday, as coronavirus cases exceeded one million worldwide and U.K. service sector activity slumped in March amid business shutdowns and order cancellations in response to the coronavirus pandemic. Survey data from IHS Markit/CIPS showed that the U.K. services PMI fell to 34.5 in March from 53.2 in February. This was also weaker than the flash estimate of 35.7. This reading was the lowest since the survey began in July 1996. The composite output index dropped to 36.0 in March from 53.0 in February. The flash score was 37.1. Weak Eurozone purchasing manager data rekindled recession concerns. The IHS Markit eurozone services purchasing managers index slumped to a reading of 26.4 in March from 52.6 in February, the worst-ever reading in the history of the series, as the covid-19 pandemic and associated measures taken to contain the outbreak through Europe weighed heavily on business performance. The pound fell to 132.95 against the yen, from a high of 134.09 set at 7:00 pm ET. The next likely support for the pound is seen around the 127.00 level. The latest survey from Jibun Bank showed that the services…