The rand heads into the week with its focus firmly on local economic data and the upcoming FOMC meeting which could provide near-term directional bias for USD/ZAR.
Archiv für den Monat: August 2021
Euro Forecast: EUR/USD Prepares to Break Critical 1.17 Support Level
Stronger GDP growth in the US than the Eurozone this year and an earlier tightening of US monetary policy will likely continue to put downward pressure on EUR/USD, taking it to new 2021 lows.
Gold Flash Crash Reversed, Fed Gears Up for Taper Signal
Gold breaks key pivot, resistance ahead likely to cap. Fed Officials talk tapering.
Leverage is a trader’s most powerful weapon
When to use leverage
The market responded immediately and in an
aggressive way as you can see in the EUR/USD chart below.
Leverage
is the use of borrowed funds to amplify returns from an investment. You can see
various brokers providing a particular amount of leverage based on the
regulatory jurisdiction. For example, in the EU brokers provide a 1:30 leverage
for