Don’t miss the opportunity to make a profit, check the trends in EURUSD now>>
The Russian-Ukrainian war, the recovery of the epidemic, and the drought in the European region not only have jointly caused serious energy shortages, high inflation, supply disruptions and other problems, but also brought huge uncertainty to the future of the European economy. Therefore, Economists expect the euro might remain under pressure even if the ECB keep on contractionary policy. Coupled with the strong inflation data in United States which is released yesterday, the Fed may continue to raise interest rates, the dollar strengthened, EURUSD may continue to fall under pressure.
Trends in EURUSD can pay attention to…
-Latest news on the Russian-Ukrainian war
-20:30 US Retail Sales Index (MoM) (September)
-22:00 Initial value of the Michigan Consumer Sentiment Index (October)
Which will affect the trend in EURUSD. Investors must grasp the opportunity to make an order.
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How to trade EURUSD on HXFX?
1. First, click here to register an HXFX account for free.
2. Next, download the APP and log in to complete the real-name authentication.
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4. Click “Quote”, select “EURUSD” and click “Trade”. After the quotation page is displayed, you can click “Sell” or “Buy” to trade the index according to the trends.
5 Advantages of Foreign Exchange Trading
1. Leverage system
Investing a small amount of money will bring greater benefits, but may also bring greater risk of loss.
2. Low transaction costs
There are basically no handling fees, government taxes, etc.
3. Two-way transaction
Whether you are buying first and then selling in a bullish trend, or selling first and then buying in a bearish trend, you can get profit.
4. 24 hours trading
It is available in 24 Hours, investors can trade according to their own time.
5. High liquidity
In the foreign exchange market, investors could exchange foreign currency at any time, even complete their transactions in a short time.
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Disclaimer: Information above can only be use for references and doesn’t represent our platform’s opinions.