Daily NAS100 & EUR/USD technical analysis on February 10
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. View more
Daily Usoil & Gold technical analysis on February 9
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. View more
Euro selloff supported safe-haven dollar amid positive sentiment
Despite a bounce-back session, dollar maintains at a relative high level, that dollar index is hovering near a seven-week high on Tuesday. This safe-haven is benefited from a euro selloff overnight. One of the reasons is that lockdowns over those European countries are proved to hurt the economy, showing in the Germany retailing figures of Dec. View more
Typical ranging? Market sentiment is still cautious bullish
On Monday, stock markets in Asia-Pacific, especially HK HSI, were higher as the market sentiment is still positive towards President Joe Biden’s $1.9 trillion stimulus packages. However, European stocks are trading mixed as the counterparts in the US are just moving slightly, reflecting cautious views over the markets. View more
ZFX: Markets open mixed amid the US holiday
Investors expected that the new US government may consider to raise tax to solve part of the budget deficit due to such massive fiscal support, that on the other hand may weaken the recovery of the US economy and the effectiveness of the current monetary policies. ZFX analyst Jacob Leung said that it would be a “trade-off”. If Biden’s tax policy is implemented, the dollar’s outlook will be a bit different. And in turn, the whole market sentiment may not be that bullish. View more
ZFX: Price of Gold Plunges Amid Increased Treasury yields
Stocks in Asia-Pacific markets were generally good, following the momentum last week despite currently the slight correction of the US futures. The dollar index is trading at 90.4 level, rallying from the low of 89.21. European stocks are expected to be a mixed opening on Monday, based on a bit cautious sentiment. View more
How to Set a Take Profit in Forex?
This article will introduce you how to set a take profit order on the MT4 platform, as well as the principles and skills of setting a take profit order. View more
ZFX: Weak dollar may dominate the market in the new year opening
Bitcoin has made another record, breaking $30000 mark over the weekend, touching $34000 level. It has jumped over 300% in 2020, which is another crazy move since 2017. While many investors believe that such move is abnormal, may be the biggest market bubble so far, some of them still consider that bitcoin is a market chance. View more
ZFX: Weak dollar amid easing policies, dollar index is testing 90
ZFX analyst Jacob Leung said that weak dollar and higher commodity prices are the typical outcomes from those stimulus measures in the US, at least according to the experiences in 2009 to 2011. We should have a look at Bitcoin, that has been pushed up to $26000-27000 level, reflecting the hedging needs and the distrust of those main central banks in the world. View more
4.Position management and planning
It’s easy for beginners to get confused after they enter into the markets. The ultimate reason is that they don’t have a set of rules to manage their trading strategies. View more