November Quotes
November 1
★★★☆☆U.S. Markit Manufacturing PMI (Final Value) & U.S. ISM Manufacturing PMI (Oct)
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, and worldwide central banks are still expected to raise interest rates sharply in the future. 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
November 3
★★★★★Federal Reserve FOMC announces interest rate decision and policy statement & Fed Chairman Powell holds monetary policy press conference
Several Fed officials said the federal funds rate would be in a range of 4.25% to 4.50% by the end of the year, and supported the idea of a 75bps hike in November. In addition, Fed Chairman Powell continued to be tough on his hawkish stance. He said he would be resolutely committed to reducing inflation, and he was adjusting policy to a level sufficient to limit economic growth. He has repeatedly said that there may not be a rate cut next year. Powell also insisted that the U.S. economy is strong. Overall, the Fed’s future rate hikes are still large and may exceed expectations, which will be bullish for the US dollar and bearish for gold.
Gold is expected to fluctuate about 15~20
Profit per lot up to $2000
November 3
★★★★☆BOE announces interest rate decision and meeting minutes & BOE Governor Bailey holds monetary policy press conference
UK inflation is still at a historically high level, coupled with slowing economic growth in the UK, as well as political turmoil and other factors, which will make the announcement of the Bank of England’s interest rate decision and meeting minutes particularly important. BOE’s interest rate decision may be in line with expectations, it is expected to cause large fluctuations in the short-term of the pound and the dollar, and gold may also fluctuate greatly.
Gold is expected to fluctuate about 10~15
Profit per lot up to $1500
November 4
★★★★★Non-Farm Payroll & U.S. Unemployment Rate (Oct)
The continued sluggishness of the U.S. housing market may gradually affect the U.S. economy. In addition, U.S. inflation has begun to peak. According to the Philippe Curve Model, inflation and unemployment are inversely proportional. Therefore, in the case of peaking inflation, the US unemployment rate may rise slightly, while the Non-farm employment population will also decrease. At present, a number of investment banking institutions predict that the US economy may decline. Coupled with the sharp layoffs of leading stocks, the economic downturn may be detrimental to the non-farm employment population, which will be bearish for the US dollar and bullish for gold.
Gold is expected to fluctuate about 15~20
Profit per lot up to $2000
November 10
★★★★★U.S. Not Seasonnally Adjusted CPI (MoM) (YoY) & U.S. Not Seasonnally Adjusted Core CPI (YoY) (Oct)
The current international oil price has dropped, currently trading around $80/barrel. In addition to a sharp decline in grain futures prices, CPI and PPI indices are also worse than expected. It is expected that the US CPI(YoY) (Oct) and the core CPI(YoY) will be in line or lower than expected, which will be bearish for the dollar and bullish for gold.
Gold is expected to fluctuate about 15~20
Profit per lot up to $2000
November 11
★★★★★University of Michigan Consumer Confidence Index (Initial Value) (Nov)
The US consumer confidence index (both Michigan and the Conference Board) has recently hit a record low record. US consumers’ worries about long-term inflation have put the index in trouble, and the consumer confidence index has shown a downward trend, which will be bearish for the dollar and bullish for gold.
Gold is expected to fluctuate about 15~20
Profit per lot up to $2000
November 23
★★★☆☆U.S. Markit Manufacturing PMI & Services PMI (Initial Value) (Nov)
The US PMI is in a downward trend. It even fell below the 50 line of the boom-bust line, and the Markit PMI focuses more on horizontal comparison. Therefore, it is expected that the US Markit manufacturing and service PMI in October may not be as 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
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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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