probably noticed that as of late, that the once highly volative and active
EURUSD has seen very low volatility and narrow trading ranges. On Wednesday,
the pair was up by 0.1% for the day, during the US session, marking a daily
move of 10 pips. While it is still the most globally traded pair, this
volatility is not enough for traders to base their strategies on.
The truth is,
between July and October the pair has barely moved. Its July highs were at 1.20
and lows at 1.16. In simpler terms, its range is at 400 pips over the period of
three months, and on most days more…
has been said about the bull market in precious metals as gold rose 40% from
March lows to August highs, while silver notably outperformed that and posted a
150% increase in the same time-frame. All this happening within 6 months is
However, since August highs, both metals are plunging – gold is lower by 10%, and silver by 25%. That’s understandable, considering the steep rally in metals over the previous months.
million-dollar question is; what happens next?
big drop in gold and silver has primarily been driven by dollar strength. The
dollar index hit a two-month high on Wednesday. Investors have moved to the USD
due to more…
You asked, and we delivered – in response to an increasing number of requests, Admiral Markets is expanding its Forex offering to include another new currency pair:
- USD/MXN – The US dollar crossed with the Mexican peso
The MXN ranks eight in global liquidity, behind the USD, the Euro, the Japanese yen and the British pound, and its most popular currency pairing is with the US dollar. However, it still offers great opportunities for traders wanting to speculate on Central American markets.
This latest addition to the suite of instruments available in our Trade.MT5 account brings more…
News and Data:
- CNY Caixin Manufacturing PMI 51.5 vs 51.7 expected
- US ISM Manufacturing PMI 47.2 vs 49 expected
- US FOMC Meeting Minutes expected to cut interest rate 2 times in 2020
- US ISM Non-Manufacturing PMI 55 vs 54.5 expected
Gold price jumped over $1,600 per ounce this morning upon the news that AL Asad airbase in western Iraq has come under retaliatory attack from Iran. This action is viewed as the direct attack on American forces located in the region. Following the news of the attack, stocks prices dropped but oil and GOLD rose. Gold has bounced back around more…
Special November with FBS
Why are you choosing GlobeGain? We guess it’s for fair receiving back the part of your spread.
And that’s why we are doing our best to give you more opportunities to earn MORE!
In order to celebrate our long-term cooperation with FBS in November we are giving you the additional 20% to your usual cashback.
Join our Special November from FBS!
Terms and Conditions
1. The offer is available for all existing and new clients.
2. Trading accounts registered in FBS only will take part in the promo.
3. The trader will get 20% additional cashback if the following conditions are more…