Risk-on sentiment again dominated after Chinese representatives opened up opportunities for trade talks with the US. Will this sentiment last?
Again, the forex market is experiencing a significant movement due to the latest issues surrounding trading. This time, positive developments came from the Chinese side. The stock market's reaction to the news was quite brief but had an impact, as seen from European and British stock indices that were rallying. Meanwhile, the price of gold weakened from the peak of 1.550 towards 1.525.
The question now is, how long will this positive sentiment last? That could depend on the meeting of the Chinese and US delegations in September, which has the opportunity to trigger a new risk-on sentiment in the global market.
yes at current condition chinese dont afford any trade now war news released by today because their economy tumbling badly since trade war begins at start of year yuan is at its lowest level since 2015 which is very bad so at that condition chinese might making good deal in sept meeting all country avoid trade war as they risking heavily excpet trump i dont what his problem but because of him US may be going to heavy reccession on next 2 month or at the end of this year he had another issue with fed that he put pressure on powell to cut rate on sept fed meeting which not neccesory now US economy is performing extremaly well at this situation and there is no need of further rate cut but trump want doller weak so that he can manipulate the market which is bad for global ecnomy
sift through the mud. Then again, who would determine the star rating? Wouldn't he be the person to ultimately listen to?
After reading several articles on the current Forex market situation, among several well known Forex web sites, you will discover that the market today is a great place to sell because we have not yet sufficiently tested the lows. You will also find that the market today is a great place to buy because the lows have held and are showing great support in this range.
Two sets of opinions based on the same gathered data, and neither contradicting the other's data. A weaker person would develop a nervous twitch from this confusion. Particularly when you consider the obvious – they're both right! So, does it come down to a coin toss?
No. The first mistake a Forex trader can make is to have a dead-set opinion and then search online for opinions supporting his pre-conceived notions. If anyone looks long enough and hard enough, they're going to find someone somewhere to agree with him. Taking that into account, the question still remains: Who do you listen to?
Do some research. There are Forex trading groups all around the Internet. With a little research, you can find out which are the most successful and some even have mentoring programs. Don't stay married to any particular group. If it isn't working out for you, move to something else. Eventually, you'll find yourself in a comfortable group with people you can interact with, share ideas (both similar and contrary), and it will give you more confidence when you're trading. The Forex broker you use may have suggestions as to where you can find appropriate groups, or may even have groups available through their website.
When it comes down to it, the person placing the order is going to be you, and you'll have to take full responsibility for the success or the lack of success, of the trade. But in a Forex market like the present one, where there are many mixed signals out there, it's nice to know you don't have to go it alone. It's just an opinion, after all. But an educated opinion, with a successful track record, is worth so much more than a flip of th
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