January 2
★★★☆☆U.S. ISM Manufacturing PMI (Dec)
The U.S. economy is still in a technical recession, coupled with the PMI indices of European and American countries have fallen below the boom-bust line, Fed might slowdown the pace of rate hike. Hence, the PMI index may continue to be worse than expected, 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
January 4
★★★★☆U.S. ADP National Employment Report (Dec)
Currently, the U.S. labor market has indeed shown a downward trend, and U.S. leading companies have taken the lead in laying off employees, which will gradually affect the U.S. unemployment rate and non-farm employment population in the next few months. Overall, various institutions predict that the US economy may slow down, coupled with the large layoffs of leading stocks, the economic downturn may be unfavorable to the non-farm employment population, which is bearish for dollar and bullish for gold.
Gold is expected to fluctuate about 5~10
Profit per lot up to $1000
January 5
★★★☆☆U.S. ISM Non-Manufacturing PMI (Dec)
The U.S. economy is currently in a downward trend, and leading companies have laid off a large number of employees in this quarter. In addition, the PMI indices of European and American countries have fallen below the boom-bust line, the PMI index may continue to be worse than expected, 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
January 6
★★★★★U.S. Non-Farm Payroll & Unemployment Rate (Dec)
Amazon planned to lay off about 10,000 employees in the enterprise and technology departments. This is the largest layoff in the company’s history, and the layoffs of large companies will also affect the US labor market to a certain extent. Although the Federal Reserve has slowed down the pace of raising interest rates, as the benchmark interest rate reaches a certain restrictive level, the consumption level of American consumers will decline, and the Federal Reserve will eventually control inflation below the benchmark interest rate level. 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-farm 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
January 12
★★★★★U.S. Not Seasonnally Adjusted CPI (MoM) (YoY) & U.S. Not Seasonnally Adjusted Core CPI (YoY) (Dec)
Currently, the Federal Reserve will slow down the pace of raising interest rates. In addition to implying that US inflation is currently peaking, it also represents the possibility of further recession in the US economy. Before that, the CPI annual rate has fallen below 8%. It is expected that the United States monthly CPI annual rate and the core CPI annual rate in December will meet expectations or be lower than expected, which will favorable to the Fed to slow down the austerity policy, which is bearish for dollar and bullish for gold.
Gold is expected to fluctuate about 10~15
Profit per lot up to $1500
January 12
★★★★☆ECB Meeting Minutes
The annual rate of CPI in the euro zone is still at a high record and fluctuates above 10%. However, it can still be noted that although the Q3 GDP of the euro zone is in line with expectations, it has halved compared to the previous value. The ECB may be more torn between slowing the growth and persistently high inflation, and may cause s large short-term fluctuations in the euro and the dollar, and gold may also experience sharp shocks.
Gold is expected to fluctuate about 5~10
Profit per lot up to $1000
January 26
★★★★★U.S. GDP (Q4) (YoY) (Initial)
Gross Domestic Product (Gross Domestic Product annualized) refers to the total value of goods, services and construction products in the United States within a certain period of time. It is an important indicator to assess the overall economic activity and health of the United States. Strong GDP data indicates that the economic activity has increased, which usually promotes trade and foreign investment and increases the demand for US dollars. Higher-than-expected GDP data is generally bullish for the dollar, and vice versa will be bearish for the dollar. It is expected that the initial value of the annual rate of GDP in the fourth quarter of the United States will not be as good as expected under the gradual slowdown of the US economy, which will be bearish for dollar and bullish for gold.
Gold is expected to fluctuate about 10~15
Profit per lot up to $1500
January 26
★★★★★Federal Reserve FOMC announces interest rate decision and policy statement & Fed Chairman Powell holds monetary policy press conference
Some of Fed officials said that the federal funds rate will reach the range of 4.25%-4.50% by the end of this year. At present, most officials say that the rate hike may slow down, and some officials say that they will be firmly committed to reducing inflation. It is adjusting policy enough to limit economic growth and has repeatedly indicated that it may not cut interest rates next year. On the whole, the Fed may not raise interest rates by another 75 basis points to fight inflation, which will be bearish for dollar and bullish for gold.
Gold is expected to fluctuate about 10~15
Profit per lot up to $1500
January 27
★★★☆☆Michigan Consumer Sentiment Index (Jan)
The U.S. Consumer Sentiment 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 trouble. The Consumer Sentiment Index is showing a downward trend, which is bearish for dollar and bullish for gold.
Gold is expected to fluctuate about 5~10
Profit per lot up to $1000
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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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