Hi everyone, I am in need of adire help and guidance. Recently, my son got "convinced" by a acclaimed "trader" to invest a lum sum with him. I have recently tried to contact him on Facebook but he deleted all my comments, and block me even. I cannot contact him. Feel free to search on him - Fortradersbytraders. Co founded by Wilbert Wynnberg, and his partner Justin Tsim. My son has invested a huge sum with him, and he burned it within one trading day. I would like to know how to make a review on his Facebook group. He is currently shifting his usual job as "trader" to a motivational speaker now (Think Act Prosper). I have posted comments on both accounts to only get my account blocked. I have no idea on how to proceed, may someone give me an advice on how do I give them a review. Last but not least, to everyone out there, please becareful of your money, as many are out to "convince" you to invest. Stay wise and apprehensive.
The NZD has decreased due to negative economic statistics and FED plans to raise the rate. The deals to buy seem more effective due to the probability of a price correction.
The uptrend has lost its intensity. On the chart we can see the formation of a new trend since January 2018, which is currently flat, but has a chance to transform into a downtrend in favor of the USD.
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We have a strong dollar
Today the second speech of the new Chair of the Fed, Jerome Powell, will take place before the Congress. In the course of his last interview the dollar exchange rate strengthened relatively to the basket of major currencies.
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President Trump announced tariffs on steel and aluminum exports, leaving the global markets in shock yesterday.
The markets are still reeling from a hasty announcement yesterday by President Donald Trump that as of next week they will be imposing tariffs on metal imports into the United States. The news is quite controversial and has sparked debates all over the world.
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Today, despite the turmoil last week, the US dollar index stayed above the 90.00 mark.
Data on business activity in the services sector of the United Kingdom will be published today, and the index of business activity in the non-manufacturing sector will also be published in the United States.
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The EUR is under pressure due to the results of elections in Italy. Short deals can be effective in the short term based on the price correction.
On the market we can see a situation where almost all major currencies are under the pressure of negative factors. The EUR at the moment again is coming under the influence of political factors. Despite the formation of a coalition in Germany, after lengthy negotiations, which means the preservation of Angela Merkel's position, the EUR fell in price due to the elections in Italy, where populist and right-wing parties significantly strengthened their positions.
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Today the index of investing for our pair came out, which amounted to 47.9%. It follows that at the moment there are fewer bullish positions than bearish ones. Traders are inclined to sell this instrument.
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The USD which was under negative political factors can strengthen soon with new statistics. The deals to BUY seem effective at the moment.
Since January the MXN value has stabilized and is changing against the USD in a strictly defined range of 18,507 - 18,993 MXN. On the chart we can see a stable flat trend. The MXN remains under pressure due to the protectionist policies of Donald Trump and the situation in the economy of Mexico, which is not so perfect to positively affect the value of the MXN.
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We expect the formation of a second wave.
Today Switzerland has agreed on the issue of the Swiss interest rate. As expected, they chose to leave it unchanged at the level of -0.75%. In addition, a presentation was made with an assessment of the monetary policy of the National Bank of Switzerland.
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Will oil prices continue to increase this year or would their growth be stalled by the increasing production in the US?
The situation on the oil market has been very dramatic in the last few years. After a prolonged period of record high oil prices, the market crashed due to oversupply in 2015, with major price drops well into 2016. OPEC took steps to contain the crisis by agreeing to cut down their production by 1.8 million barrels per day in order to alleviate the oversupply and allow prices to grow naturally, and were joined in this effort by a few non-OPEC states, such as Russia.
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A good fundamental analysis.
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We are looking for points to enter long positions.
The US dollar rate rose slightly against the background of expectations of an increase in the Fed's interest rate. Investors are waiting for the publication of the Fed's decision on whether the rates will be increased more than three times this year, as previously announced.
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We expect the continuation of the current downtrend.
The data published in China has the strongest impact on the Australian currency right now. Our pair continues to decline for the fourth day in a row.
Statements by the Prime Minister of Canada that Donald Trump looks positively on the NAFTA agreement strengthened the rate of the Canadian currency.
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The FED is likely to change the rate today. So the deals to SELL seem most effective at the moment.
At the moment the US dollar is stable, which is reflected on the value of Gold. The rates consolidated within the flat trend starting from January. At the same time, there are signs of movement of the rates down to the support line, as the demand for safe assets decreased this month. If investors want to invest in the “safe assets”, they prefer a strong Japanese yen, as the most promising and stable currency to date.
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More bearishness is expected in this pair, as the yen continues to overtake the weakened dollar.
Today we would take a look at the USD/JPY currency pair. It has been much more volatile over the past few months and since the beginning of 2018 the yen has overtaken the dollar: from near the level of 112 now the USD/JPY is trading around the level of 105, which was last reached in 2016.
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I recommend orienting on fundamental analyzes from different resources https://topbrokers.com/ There is also a lot of useful and relevant information here. And more on this site you can find out the ratings of brokers and what traders think about them.
The US plans to hit China hard with new tariffs, which has shocked the global markets once again.
Just weeks after Trump’s rather spontaneous announcement that his administration will be imposing tariffs on steel and aluminum imports, a decision that has been a hot topic ever since as many experts and politicians seem to disapprove of, earlier today he announced new tariffs, this time specifically targeting China.
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We have a bearish trend.
On the background of increasing energy prices and the successful negotiations between the United States and Canada, the Canadian dollar continues to strengthen.
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We expect a downward movement.
Since the beginning Tuesday's trading session the dollar index began to strengthen and the dollar began to rise against a basket of major currencies. Wednesday's data showed a good condition and the growth of the US economy, despite the fact that US indices have weakened, while the yield on treasury bonds fell to 2.78%.
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We are waiting for a price correction.
Today an interest rate decision was published in Australia. As expected, the Reserve Bank of Australia left interest rates unchanged at the level of 1.5%. The latest data on production activity gives hope for the strengthening of the Australian dollar.
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The EUR has already achieved the highest level since Dec 2014 and may grow further. The deals to BUY seem the most effective at the moment.
The rates continue in the frames of an uptrend. The value of the EUR against the SGD reached its highest level since December 2014. Compared to last year, the EUR is devoid of the political risks that it had due to elections in the leading EU countries.
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The latest developments in the trade war between the United States and China.
Without a doubt all market-related news in the past two weeks has been dominated by one topic: the tariff war that US President Donald Trump started. While this began with uncertainty – from a mere promise towards a proposal that was full of exemptions for many countries, i.e. a plan with a limited impact, now Trump’s idea has become reality.
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The pair rushed upwards.
Our pair, having updated the new local minimum on the four-hour chart, has turned around and is heading up. The technical indicators show the formation of an upward momentum. In addition, we see the inverted head and shoulders pattern has formed and at the moment the price finishes its completion.
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Demand for safe assets is decreasing at the moment, which negatively impacts the JPY. The deals to SELL still seem the most effective given that NZD doesn't have stimulus for further growth.
Demand for safe assets has been decreasing in recent times, despite fears of a trade war between the US and China.
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