February 1
★★★☆☆U.S. ISM Manufacturing PMI & U.S. Markit Manufacturing PMI (Final Value) (Jan)
U.S. housing market data has remained weak for several consecutive quarters, and most leading companies have begun large-scale layoffs, which may be bearish to the future prosperity of the U.S., which will be bearish for the dollar and bullish for gold.
Gold is expected to fluctuate about 0~5
Profit per lot up to $500
February 1
★★★★☆U.S. ADP National Employment Report (Jan)
Well-known investor Michael Burry said, “no matter how you look at it, the U.S. economy is already in recession.” In addition, various institutions predict that the U.S. economy may slow down. Coupled with the large-scale layoffs from leading stocks, the economic downturn may be unfavorable to ADP, which is bearish for dollar and bullish for gold.
Gold is expected to fluctuate about 5~10
Profit per lot up to $1000
February 2
★★★★★Federal Reserve FOMC announces interest rate decision and policy statement & Fed Chairman Powell holds monetary policy press conference
Fed officials previously agreed to raise the terminal interest rate for this round of tightening monetary policy. Powell even said that he would not rule out continuing to raise the peak interest rate forecast and did not consider changing the inflation goal. It’s hard to achieve a “soft landing”. In general, terminal interest rates this turn may be raised again, which is bullish for dollar and bearish for gold.
Gold is expected to fluctuate about 10~15
Profit per lot up to $1500
February 2
★★★★☆BOE announces interest rate decision and meeting minutes
British inflation is still at a historically high level with slowing economic growth. In addition, the UK has begun to sell UK government bonds. The British economic situation and monetary policy will put the BOE in a dilemma. It is expected that the BOE’s interest rate decision will be in line with expectations, which may cause a sharp fluctuation in GBP and USD in the short term, and gold may sway to a certain extent as well.
Gold is expected to fluctuate about 5~10
Profit per lot up to $1000
February 2
★★★★☆ECB announces interest rate decision & ECB President Lagarde holds monetary policy press conference
ECB officials continued to release hawkish messages recently. President Lagarde said that borrowing costs will rise again because this is necessary to curb the soaring consumer prices. ECB may be forced to adopt a tighter monetary policy to suppress inflation during the slowdown in economic growth, which may cause significant fluctuations in EUR and USD in the short term, and is expected to be bullish to EUR, bearish for dollar, and bullish for gold.
Gold is expected to fluctuate about 5~10
Profit per lot up to $1000
February 3
★★★★★U.S. Non-Farm Payroll & Unemployment Rate (Jan)
Leading companies in the United States are currently undergoing large-scale layoffs. Twitter, Meta, Netflix, Amazon, and even Goldman Sachs have large-scale layoff plans, and the layoffs of large companies will also affect the US labor market to a certain extent. Overall, various institutions predict that the U.S. economy may be in recession. Coupled with the large-scale layoffs of leading stocks, the economic downturn may be unfavorable to the non-agricultural employment population, which will be bearish for dollar and bullish for gold.
Gold is expected to fluctuate about 10~15
Profit per lot up to $1500
February 14
★★★★★U.S. Not Seasonnally Adjusted CPI (MoM) (YoY) & U.S. Not Seasonnally Adjusted Core CPI (YoY) (Jan)
Although the Fed has slowed the pace of interest rate hikes, it raises the terminal interest forecast, coupled with the increased probability of recession, in addition to the possibility of a further recession in the U.S. economy, suggesting that inflation may continue to drop. Previously, annual CPI has fallen below 8%. It is expected that January’s annual and monthly CPI and core annual CPI will be in line with expectations or lower than expected, which will be favorable for the Fed to slow down the tightening of monetary policy, which is bearish for dollar and bullish for gold.
Gold is expected to fluctuate about 10~15
Profit per lot up to $1500
February 24
★★★★☆U.S. Core Personal Consumption Expenditure Index (PCE) (MoM) (Jan)
PCE is the most concerned data for Fed. Compared with CPI, PCE includes a smaller proportion of rent and a larger weight of medical insurance, which can truly reflect the real inflation situation in the United States. Currently, CPI, PPI, and PCE indexes are showing a steady downward trend. In addition, the Fed will raise the terminal interest rate to continue to curb the high inflation. On the whole, the PCE index may be lower than expected again, which is bearish for dollar and bullish for gold.
Gold is expected to fluctuate about 5~10
Profit per lot up to $1000
February 24
★★★☆☆Michigan Consumer Sentiment Index (Final Value) (Feb)
The U.S. consumer confidence index (whether it is Michigan or the Conference Board) has recently hit a record low. U.S. consumers’ concerns about long-term inflation have put the index in difficulty. The consumer confidence index is showing a downward trend, which is bearish for dollar and bullish for gold.
Gold is expected to fluctuate about 0~5
Profit per lot up to $500
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4. Click “Quote”, select the product you want to trade, then click “Trade”. Then you can click “Sell” or “Buy” to start your trading 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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