Steady Oil Demand Suggests Resilience in China’s Economy
China’s apparent consumption of crude oil( production plus net imports) reached 510 million tonnes, up by 7.8% year-on-year.The steady growth of China’s consumption and imports helped to prop up oil price.
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【Forex ABC】FX Option Transaction
It refers to the trading of whether or not to buy or sell a certain foreign exchange option in the future according to the agreed conditions and a certain exchange rate by both parties.
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การขาดดุลของรัฐบาลกลางสำหรับปีงบประมาณ 2019 เพิ่มขึ้นเป็น 984.4 พันล้านดอลลาร์ซึ่งเป็นจุดที่สูงที่สุดในรอบเจ็ดปีและคาดว่าจะสูงถึง 1 ล้านล้านดอลลาร์ในไม่กี่ปีข้างหน้า
Daily key point of the US dollar index : 97.75---97.79
s1 97.64 r1 97.87
s2 97.54 r2 98.00
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【Forex ABC】FX Future Transaction
FX Future Transaction is a contract transaction in which both parties agree to buy or sell something at a predetermined price at a specified date and place in the future.
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【Forex ABC】Swap Transaction
It is a simultaneous purchase and sale of identical amounts of one currency for another with two different value dates (normally spot to forward) in order to prevent the exchange rate risk.
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Gold rises under the influence of global economic uncertainties and deficit spending, and is expected to hit a record height of $ 2,000/ounce in 2-3 years.
Trade tension and sluggish global economic growth help boost demand for gold as a save-haven asset.
【Forex ABC】Forward Exchange Transaction
Means the Client performs the delivery of funds at the agreed rate at a fixed time limit (one day after the second business day after the dealing Date) in accordance with the foreign exchange contract.
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Binary option is one of the most common forms of option. Binary option investors bet on whether the price of an underlying asset will be above or below the set mark at a certain time. Binary option is very similar to gambling.
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European Central Bank (ECB) will announce its latest interest rate decisions on Oct 24th, 11:45 UTC+00:00, while ECB President Mario Draghi will speak at his last press conference.
EUR/USD daily pivot points: 1.1123--1.1127
S1: 1.1110 R1: 1.1144
S2: 1.1091 R2: 1.1159
【Forex ABC】long position
Long position refers to the purchase of an asset with the expectation it will increase in value—a bullish attitude.
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【Forex ABC】MT4
MetaTrader 4, also known as MT4, is an electronic trading platform widely used by forex brokers. It was developed by MetaQuotes Software.
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Forex broker is an individual or institution that provides investors access to trading currencies. Forex brokers profit from the gap between buy/sell prices of the currencies being traded. Most of the brokers are banks or trusted companies
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Forex trading platform refers to the companies and institutions that offer forex brokerage services on the market. These brokers provide bid/ask price of currencies on a 24h basis and enables investors to buy and sell on the platform.
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