As investors’ expectations of the US government’s relief measures become stronger, the market sentiment is also optimistic. In addition, the average daily confirmed cases of COVID-19 in the United States has dropped by 36% from the level two weeks ago, and the hospitalization rate has also fallen from the previous peak, indicating that the U.S. epidemic is gradually under control and the stock market has therefore performed strongly.
The performance of oil prices continued to be strong yesterday. It is because of the investors are optimistic about the progress of the US government’s new round of relief bill and the good performance of China’s economic statistic. In addition, U.S. President Biden’s opposition to the immediate lifting of sanctions on Iran surprised the market. This means that Iran’s crude oil cannot return to the market in a short time, which keeps the supply tight and continues to benefit oil prices.
Having read the previous article, investors should have some understanding of the basics of financial markets in general. Here we will introduce some points that investors need to pay attention to when entering the market to help you trade more efficiently.
Many investment websites have economic calendars, which contain and update the release date of economic data or important economic events around the world. In this article, ZFX explains what an economic calendar is and how to read it correctly, and how it can be useful to forex investors.
Day Trading is a common trading method used by many short term traders. In this article, ZFX will explain the common strategies and techniques of day trading.
In this article, we will introduce market sentiment analysis, which analyzes markets from a psychological viewpoint, and how to apply some popular market sentiment indicators in daily trading.
In forex trading, we usually use pips to describe the fluctuation of the exchange rate as well as calculate the profit and loss of a position. This article describes what a pip is and how to use it to calculate pip value and position gains/losses.
The gold-silver ratio has soared recently, attracting investors’ attention. In this article, ZFX will introduce what the gold-silver ratio is and the historical trend of the ratio. We will also explain the significance of high/low ratios and their importance to investors.