All About Forex And Commodity News Update

Basic Steep To Learn Forex Russian Style

2017-07-12T06:32:00.000-07:00

Basic Steep To Learn Forex Russian Styl
You want to learn forex trading but do not know where to start and learn to where? Do not despair first deh! If I see the comments of my friends (prospective) traders in various forums or chat rooms, it has become "the tradition really, if the average beginner trader is having trouble when first trying to understand what and how forex trading it. Understand how to do good trading, just also try to understand the basics of forex trading, most have given up tuh ... Hihihi!
Well .. at least you are not alone feel the difficulties that kok ... so do not always be discouraged.
Then, how to learn forex trading most effectively? Step 1: Learn the basics of theory from the web
Mmm ... if from my own experience and experience that share from other traders, the most effective way it is precisely by learning yourself. Ok briefly ... Do not frown just yah. Gini ... self study that I mean here is you can learn alone with the help of a lot of web offers explanation or free forex education program. Do not worry, on average they have presented a learning system with easy steps to follow and with light language, making it more interesting to keep reading.

You can choose the web with language that you feel more controlled, can speak English or Indonesia. Stay thorough-painstaking us to follow the stages of learning forex trading is available until passed. It would be better if you have a friend more senior trader to be a mentor or the term: mentor. The mentor function here is not a place to cheat signals. But more to the place to ask and consult about the problems you face in learning and later in trading practice.

Stage 2: Forex trading practice practice (with virtual account)
This 2nd stage can be done while learning the theory, of course once you master the most basic knowledge first. For example, how to use trading platform that we will use in trading. I used to learn from the web while opening a trading platform in order to directly try the theory that I read it. Of course I use the virtual account first, so as not to experience too many unnecessary losses.Basic Steep To Learn Forex Russian Styl

Step 3: Develop a trading system (which is deemed most suitable)
After experimenting with various indicators, various systems that you may read, you will eventually find the most appropriate trading system. In accordance with what? Yes according to your condition. Be it psychological conditions, financial conditions and background conditions of your activities, such as how much time can be spent to do this trading and when can ber-trading without disturbing routine activities.
Things you may need to remember, a trading system is not always suitable for all traders. So you should not imitate the trading system of others, although the system has been proven to work well. You still have to make adjustments so that the system is more fitting for you.

Stage 4: Do trading with live account
Once you find the right trading system for you, start trading with a live account. At this stage of course begins in your mind, "how much do I have to make a deposit?"
Well, in my opinion, the basic benchmark in making a deposit is: deposit only for the nominal you are ready to lose.
Never make a deposit with funds that already exist other designations. It does not matter what you deposit, because many brokers are at least $ 5 a deposit. All you need to customize is the quantity (lot) used in each position. This is where you will be tested in money management.

What You See About Forex

2017-07-12T06:29:00.001-07:00

If you have excessive funds, then tend to invest in property, Franchise purchase. Even if you want to invest in the non-real sector, stocks and mutual funds are preferred forex trading. The reason, stocks and mutual funds look 'more real' compared with forex.What You See About Forex

But along with the increasing intelligence of Indonesian people in investment, it can be said that forex trading will become one of the main alternative on non-real sector investment in addition to stocks. The amount of return that can be given and liquidity of forex trading become one of the advantages of the investment sector. Plus, the government began to play an active role as a regulator in futures trading products (such as forex, commodities and indexes, etc.).What You See About Forex

The fundamental fear is about the principle of "High Risk High Return" from forex trading itself and lack of education to investors, causing difficulty for novice investors in predicting the movement of a price that ends in a loss. On the high return side of forex trading causes anyone can earn big profits in just a very short time. But like a double-edged sword, if we can gain a large enough profit then the risk of losses is equally large and directly proportional to the mastery of trading techniques, information and mental investors. The problem for a novice investor is mostly just looking from the High Return side of forex trading, which is where the profit can reach 20% of the original capital in just one day. What You See About Forex.But not on its High Risk side. Plus the existence of some local marketing forex market by highlighting the side of his return merely without providing information or enough trading ability. In the end the losses of new investors form the stigma of bad society that forex trading is the same as gambling.

Nevertheless, there are actually risk management facilities that the system provides for us, in handling the huge risks of forex investing. So, although risky, not entirely so. What distinguishes between investment and gambling is that, although both have the element of speculation, investments have analytical and predictor instruments in reading the situation forward. That is, investment is not just a venue of speculation, the element of speculation should be smaller than the predicted value of certainty. If not, then it becomes a gambling event where the science used is only the science of probability (opportunity) only.

Forex trading has a variety of indicators of analysis, both technical and fundamental, To predict a movement of foreign exchange rates. So the strengthening trend and weakening of a currency can be predicted with the existing analyzes (analysis> speculation). Another consideration is if it were gambling then of course this investment is prohibited by government and government in other countries. On the contrary, its presence strengthened and the velocity of money that occurred greater than other stock products. Many people say that: forex trading is synonymous with gambling. And this assumption will be more widely with the existence of some customers who suffered losses on this one investment instrument.

Subject to other considerations, if forex is a gambling, of course, this investment is prohibited its existence by the government or by governments in other countries. Instead of being banned, its presence is getting stronger and the velocity of money is happening even the biggest compared to other bourse products. Customers who experience losses in the forex market (many of which are experienced by a newbie) cause them to assume the forex is the same as gambling. Though the only cause of the loss of their funds is their own! They may know about forex trading but do not master it. Due to a lack of understanding of existing analytical instruments, the potential for losses becomes greater and that is what happens to them.

There is an old saying that those who know will be defeated by those who understand. Those who understand will be defeated by those who rule. Those who rule will be defeated by those who like and those who love will be defeated by those who live. I think this also applies to forex trading.

About OctaFX Review

2017-07-12T06:20:00.003-07:00

About OctaFX Review
OctaFX is increasingly keen to sharpen information services for analysis and trading ideas. After launching the webinar program, brokers who regularly cooperate with football club this country has just added a rubric of Market Insights in the Traders Tools menu. Consisting of trading opportunities, daily reviews and weekly analysis, these new features are deliberately maximized to become a source of trader insight before making trading decisions. All reviews and Market Insights analysis are made exclusively by an experienced OctaFX analyst team. Traders can get the information live all day long. The technical reviews in this rubric are based on observing chart patterns, channels, and key levels. Meanwhile, fundamentally loaded content comes with expert comments, so traders can more easily understand the latest fundamental releases and their impact on price movements.

New Available In English
Although launched to complement the needs of traders will analyze and update trading opportunities, Market Insights does not seem to be maximized for all traders in various countries. This is because all the information in this section is still available in English only. But based on OctaFX clarification on its official website, this limitation is only temporary. In other words, OctaFX does not close the possibility of developing Market Insights in other languages, including Bahasa Indonesia.

More Informative With Webinar Tips
Seeing the potential of Market Insights as a source of analytical information and trading ideas, OctaFX advises traders to combine insights from this rubric with trading tips from their recently launched webinar program. Guided by Yohay Elam and Dan Blystone, the OctaFX webinar promises visual education on technical analysis, fundamentals, recognizing trading opportunities in major pairs, as well as ways to utilize Autochartist.
To explore Market Insights services at OctaFX, you can go to this page. Meanwhile, if you want to follow the webinar program, please list the account at OctaFX and follow the latest video release here.About OctaFX Review
OctaFX is a regulated forex broker who has won numerous awards. In addition to providing a variety of useful information to help the trader analysis, OctaFX also expands into Indonesia by providing payment methods through local banks.

UK Employment Data Improved, Pound Reply Defeat

2017-07-12T06:17:00.004-07:00

UK Employment Data Improved, Pound Reply DefeatThe pound retaliated against the US dollar in Wednesday's trading session (12 / July) this afternoon, away from a two-week low that was touched after the British jobs data report. The unemployment rate of countries that are in the process of Brexit is declining, but the growth of salaries still lags behind the inflation rate.
GBP / USD is trading at the price of 1.2859 when this news is written, removing the loss at 1.2812 which was reached shortly after the data was released. EUR / GBP is in the range of 0.8915 from the previous in the number 0.8925. While GBP / JPY shifts up its position, from 145.54 to 145.76.

The UK Bureau of Statistics (ONS) reported, the Unemployment Rate dropped to a 4.5 percent level in the three months through May, forming new lows in 42 years. The number of people out of employment declined by 64,000 in the three months to May, still according to the same report.

Unfortunately, wage growth data is not in line with the inflation rate. This has further heightened concerns over pressure in the standard of living of Britons amid rising inflation in Brexit uncertainty.

The average income index, including bonuses, rose 1.8 percent in seasonally adjusted for the three months through May. This calculation is in line with the forecast, but below the previous month's gain of 2.1 percent. The pressure in Real Wages continued after the UK reached 2.9 percent inflation in May.

If bonuses are not included in the calculation, the UK Wage Growth reached 2.0 percent in the three months to May, compared with expectations of 1.9 percent gain.

Post Broadbent Statement
Sterling was depressed in the previous session due to a statement from BoE Deputy Governor Ben Broadbent. In an interview with the Scottish newspaper, Broadbent warned that although there is a reason to raise the BoE rate, it should be remembered that there are so many harmful consequences caused by it.

Responding to the statement, Sterling was shrunk to the same level as when Trump won the US Presidential Election last November. According to Lee Hardman, London MUFG analyst interviewed by Reuters, for anyone who expects a BoE rate hike in August, it is clear that it is impossible to do, even though the BoE still stressed that they are on track to raise.

From here, expectations of higher interest rate increases next year. Moreover, other comments from BoE officials such as Andy Haldane, still show support for interest rates. This is what sustains the Pound from the fall, amid the political uncertainty of England.

US Dollar Drops Since Email Trump

2017-07-12T06:15:00.003-07:00

The US dollar fell to a one-week low against a basket of major currencies at the end of trading early on Wednesday (12/07), after US President Donald Trump's eldest son released an email chain mentioning Russian support for his father before the U.S. election. last year.

Donald Trump Jr. said a Russian prosecutor offered his father's presidency campaign that weighed information on Democrat Hillary Clinton's rival as part of Russian government support, according to an email chain he released on Tuesday.

The dollar index, which measures the greenback against six major rivals, turned negative on today to fall to a one-week low of 95,673. The index was down 0.28 percent at 95.75.

U.S. Senate Party Leader Mitch McConnell said on Tuesday that the Senate will vote on a bill to roll back Obamacare next week and then move on to other legislative businesses.

Investors are also awaiting testimony of the US Federal Reserve's semi-annual monetary policy Janet Yellen on Wednesday and consumer inflation data on Friday.

Meanwhile, Fed Governor Lael Brainard said the Fed should immediately start reducing its balance sheet, as long as the economic data on jobs and growth in the U.S. last. After a current account reduction, he will assess inflation before deciding on further rate increases, he said.

The dollar, which touched a four-month high against the Japanese yen early in the session, was triggered by a rise in US government bond yields. Which has recently reversed its direction to virtually unchanged. The euro rose to a one-year high of $ 1.1475 before falling 0.03 percent to $ 1.1462.

US Dollar Drops Since Email Trump
Canadian dollar slips against U.S. dollar As traders awaited a rate-hike decision by the Bank of Canada on Wednesday.

US Dollar Strengthens Against New Zealand Dollar Due to U.S. Returns The rising, soft commodity prices and disappointing reports on domestic credit card spending prompted investors to escape kiwi assets.

Sterling fell to an eight-month low against the euro after Bank of England Deputy Governor Ben Broadbent refused to support the latest directives from other central bank policy makers who advised him to move up interest rates.US Dollar Drops Since Email Trump

Analyst Vibiz Research Center estimates the US dollar will scrutinize Fed Chairman Janet Yellen's speech, which if it provides support for the strengthening US economy, will lift the US dollar.

Crude Oil Prices Rise 1.4 Percent

2017-07-12T06:13:00.001-07:00

Arga crude reversed earlier losses at the end of trading early Wednesday (12/07) after the U.S. Energy Information Administration (EIA). Cuts U.S. oil production forecasts Next year and a report showing European production inventories fell.

US crude futures prices ended up 1.4 percent higher at $ 45.04.

Brent crude futures rose $ 1.31, or 2.8 percent, at $ 48.19 a barrel.

EIA reports U.S. production. Averaging 9.9 million barrels per day in 2018, down from last month's estimate of 10 million barrels per day.

European refineries increased their crude oil intake in June, and inventories of oil products, especially diesel, slid, euroilstock data showed on Tuesday.

Crude oil prices had slipped in earlier trading, pressured by bank forecasts for the decline this year and by 2018.

BNP Paribas cut its forecast for Brent by $ 9 to $ 51 per barrel for 2017 and by $ 15 to $ 48 for 2018. Barclays also cut its 2017 and 2018 Brent projections to $ 52 a barrel for the second year from $ 55 each And $ 57.

Crude prices remain about 17 percent below its opening level in 2017 despite an agreement led by the Organization of Petroleum Exporting Countries (OPEC) to cut output starting in January.

OPEC agreed with Russia and other major exporters to cut production by about 1.8 million barrels per day (bpd) through March 2018. However, production elsewhere is increasing.

U.S. oil production Has jumped more than 10 percent over the past year to 9.34 million bpd. Nigeria and Libya, OPEC members freed from production limits, also increased production.

OPEC oil production rose in June by more than 300,000 barrels per day (bpd), according to figures used by exporter groups to monitor supply.

Including Nigeria and Libya, issued by 13 OPEC members in June rose to around 32.47 million bpd, according to the average estimate of the secondary sources used by OPEC to monitor the results.

Production from 11 OPEC members with production targets under the agreement averaged 29.84 million barrels per day in June, according to the secondary source. That means compliance in June was 97 percent, according to OPEC calculations. That figure is lower than in May, as OPEC figures for the month show compliance above 100 percent.

Without a significant decline in oil inventories or decline in U.S. drilling and production Goldman Sachs said that U.S. crude oil Could fall below $ 40 a barrel.

In the morning after the US oil market closed, the American Petroleum Institute reported crude inventories of the USS. Down by 8.1 million barrels for the week ending July 7. Gasoline supplies also fell by about 800,000 barrels, API reported.

Analysts polled by Reuters had expected that U.S. crude stockpiles Down 3.2 million barrels while gasoline and refined stocks each rose 1.5 million barrels.

Analyst Vibiz Research Center estimates crude oil prices may rise with reports of a decrease in US crude inventories by API. Crude oil price is expected to move within the $ 45.50- $ 46.00 Resistance range, and if the price falls will move within the Support range of $ 44.50- $ 44.00.

Australia Business Conditions Good AUD / USD Climb

2017-07-11T08:00:00.001-07:00

Australia Business Conditions Good AUD / USD Climb
Measures to Australia's business conditions for the month of June showed an increase to the highest level since early 2008. Boosting sales and profits across a range of industries is a signal that the Australian economy is beginning to rise after the downturn at the start of the year. National Australia Bank (NAB) 400 companies to compile a Business Condition Index. As a result, there was a four-point increase to +15 in June. Meanwhile, survey results measuring Business Confidence increased by one point to +9.

"Most of the industry performed well in the survey, reflecting a broader economic environment," said NAB Chief Economist Alan Oster. "The increase in conditions (business) is largely driven by the strengthening conditions of trade and profitability, which indicates demand for more, while employment conditions appear stable."

The results of this exciting survey are in line with increased economic activity, following the bad weather that hit Australia in the first quarter, causing growth to stall only in the range of 0.3 percent.

Stable Growth If RBA Interest Rate Fixed 1.5 Percent
The Central Bank of Australia (RBA) argued that economic growth would come back to life if interest rates were maintained at the 1.5 percent level, they said in the latest policy meeting last week.

Surveys that measured sales jumped as much as 6 points to a very strong level in June, ie +21. Meanwhile, corporate earnings rose five points to +15. The NAB said that the outcome is consistent with the creation of annual employment that is in the range of 240,000 or about 20,000 jobs per month.

In response to the NAB Business Confidence report, the Australian Dollar appeared calmly shortly after the report was released. AUD / USD is trading in the range of 0.7608. However, when this news was released, AUD / USD has shown a slight rise to trade at 0.7616.

US Dollar Slows, Wait For Yellen Testimonials

2017-07-11T07:58:00.001-07:00

The pace of US dollar strengthening against major currencies in Asian session on Tuesday (11 / Jul) began to slow. Cessation of yields on US government bonds led to the slowdown. Investors are waiting for comments from Fed Chairman Janet Yellen for the latest clues on policy directions.
Against the Yen, the US Dollar was heading for a slight rise against the Japanese Yen, 0.1 percent to 114,160 and extending to 114.40 as of this writing. Meanwhile, EUR / USD looks flat in the range of 1.1387, and slightly slid to 1.1386 as the news was written.

Increase in US Treasury Bonds Paused
"The US dollar slashed its gains in the wake of a halt in German bund yields late yesterday and dragged down yields on US Treasuries," said Yukio Ishizuki, an expert on the latest bond yields. Senior currency at Daiwa Securities quoted by Reuters.

In addition, investors also dumped euro zone government bonds over the past two weeks. Expected, the ECB will choose to end the stimulus more quickly.

Instructions From World Bank Central Officials
The next clue for the forex market is Janet Yellen's comments in the Fed's semi-annual testimony before the Congress to be held on Wednesday and Thursday tomorrow. Bull Dollar is preparing for hawkish sentiment from Janet Yellen, which is supported by the rapid increase in US NFP for June last week.

GBP / USD is trading at 1.28717, little changed from 1.2880 position. Nevertheless, the pair is still not too far from the two-week low at 1.2855. Meanwhile, the official of the Bank of England (BoE), Ben Broadbent, is scheduled to address the Scottish Council for Development and Industry in Aberdeen. Investors look forward to Broadbent's comments because their influence is quite important in determining British interest rates.

US Dollar to Overcome Yen

2017-07-11T07:55:00.000-07:00

The dollar strengthened against the yen on Monday as the Bank of Japan's offer last week to buy unlimited bonds, and an unexpected drop in Japanese machinery orders in May, weighed on the Japanese currency.

BOJ Governor Haruhiko Kuroda on Monday reiterated the central bank's pledge to keep Japan's bond yields near zero.

Spread between U.S. Treasury yields For 10 years and its Japanese counterpart approached the widest level in nearly two months.

The dollar rose 0.02 percent to 114.05 yen, after reaching 114.29 yen, the highest since May 11, early in the session.

The dollar index, which measures the greenback against six major rivals, has not changed.

Traders are wary of adding big positions ahead of a speech on semi-annual monetary policy by Fed chairman Janet Yellen on Wednesday and before U.S. consumer inflation data. on Friday.

Meanwhile, the Canadian dollar was little changed against the US dollar. While investors awaited the decision of the Bank of Canada interest rate on Wednesday.

The forecasters are divided on whether the central bank will raise interest rates but data from the index's swap market overnight suggests that the money market is almost completely appreciative for the rise.

Tonight will be released JOLTs Job Openings May data indicated weakened. If this result is realized will hit the US dollar.

The US dollar will also watch the movement of economic data Australia, Asia as well as Europe, as well as crude oil prices that could affect the movement of the US dollar index.

Crude Oil Prices Rise Today 2017

2017-07-11T07:52:00.001-07:00

Crude oil prices edged up at the end of trading early on Tuesday (11/07), but the oil market remained under increasing drilling activity in the United States and uncertainty about the reduction of Libya and Nigeria production.

U.S. crude futures prices West Texas Intermediate (WTI) ended up 17 cents, or 0.38 percent, at $ 44.40 a barrel.

Brent crude futures prices, an international benchmark for oil prices, rose 22 cents to $ 46.93 a barrel at 2:39 pm. ET (1839 GMT).

The Organization of the Petroleum Exporting Countries has agreed with several non-OPEC members to limit production until March 2018, but the move has failed to reduce the excess global crude.

Some of OPEC's top ministers will meet non-OPEC Russia on July 24 in St Petersburg, Russia, to discuss the current situation in the oil market.

Kuwait said on Sunday that Nigeria and Libya had been invited to the meeting and production could be limited earlier than November, when OPEC is scheduled to hold formal talks, according to Bloomberg.

However, Nigeria's oil minister was unable to attend the OPEC meeting because of prior commitments, Kuwait Oil Minister Essam al-Marzouq told reporters on Monday.

Libya said on Monday it was ready for talks but added that the political, economic and humanitarian situation should be taken into account in the issue.

Kazakhstan wants to step out gradually from an OPEC-led deal on a ban on oil production and a production increase of one or two months after the end of its term, Kazakhstan Energy Minister Kanat Bozumbayev told Russia's TASS news agency on Sunday.

Brent prices are about 17 percent below their 2017 opening despite strong OPEC compliance with a production cut deal.

BNP Paribas joins a growing list of investment banks and analysts that have reduced their crude oil price forecasts for next year. Analysts say that OPEC and Russia must compete with the fact that there is production growth elsewhere that weakens their efforts in reducing supply.Crude Oil Prices Rise Today 2017

U.S. energy company Added seven oil refineries last week, marking a 24-week rise of the top 25 and bringing the number to 763, the most since April 2015, energy services firm Baker Hughes said.

U.S. oil production Has risen by more than 10 percent since mid-2016.

Analyst Vibiz Research Center expects crude oil prices to decline with continued concerns with rising US and global crude oil production. Crude oil is expected to move within the Support range of $ 43.90- $ 43.40, and if the price rises it will move within the $ 44.90- $ 45.40 resistance range.

Gold Price Today So Flat Aftre Global Sentiment

2017-07-11T07:49:00.001-07:00

Gold prices edged higher in late trading early on Tuesday but touched their lowest levels since mid-March after strong economic data in the United States and Germany raised expectations that the central bank will raise interest rates.

The spot gold price of LLG, which fell 2.3 percent last week, was up 0.05 percent at $ 1,213.41 an ounce, having earlier touched $ 1,204.45, the lowest since March 15.

U.S. gold futures prices For August delivery to close at $ 1,213.20 an ounce.

Gold is very sensitive to rising interest rates as they push bond yields, increasing the opportunity cost of holding up unproductive gold. They also tend to boost the dollar, where gold is valued.

Reasons for tightening are reinforced by U.S. work data A better-than-expected and strong German export figure.

Gold's weakness also boosted optimism about the outlook for global growth, boosted stock markets and the dollar, prompting investors to dump gold for risky assets.

The market looked ahead for Wednesday and Thursday, when US Federal Reserve Chairman Janet Yellen discussed the economy before Congress.

Yield of U.S. government bonds Has risen sharply since late June and neared a two-month high, while gold fell nearly 7 percent from a high of $ 1,295.97 a month ago.

Investors have lowered benchmark interest rates at higher prices, reducing their long net position in COMEX gold in the week to July 3 by more than half to the smallest bullish position since January.

The world's largest gold holdings supported by the ETF exchange, the SPDR Gold Trust, fell 2 percent in the week to Friday.

Hedge fund and financial managers at the 3rd week of July reduced their long net position in COMEX gold and silver for the fourth consecutive week, U.S. Commodity Futures Trading Commission (CFTC) showed on Friday.

Among other precious metals, silver rose 0.32 percent to $ 15.63 an ounce after touching $ 15.16. Prices are at their lowest level since April last year and net net investor positions in silver position in the week to 3 July fell to the lowest level since December 2015.

Palladium was down 0.6 percent at $ 833.35 and Platinum slipped 0.8 percent to $ 896.60 an ounce.

Analyst Vibiz Research Center estimates gold prices are potentially weak with strong global economic data, boosting bond yields and central bank interest rate hikes. The gold price is expected to move within the Support range of $ 1.211- $ 1.209, and if the price moves up it will break through the Resistance range of $ 1.215- $ 1.217.

Why Forex Make You Poor

2017-07-10T06:36:00.001-07:00

Still thinking Forex trading will bring you lightning profits? Take the eraser, if you need a board eraser, and get rid of that thought from your head. There is no instant advantage in this world. Instead, there are some Forex trading risks we need to know.

All forex traders must have lost
Yes, that means ALL. The word is deliberately written in capital form to remember: loss can not be avoided in life, including in the famous Forex trading with its lucrative offerings. Come on, who is not interested in making money just by sitting watching the movement of the charts? Here we are talking about money in MILLIONS, sometimes even MORE. But before that, of course there is a loss that we must face.

In fact, according to a lot of research results, 90 percent of traders must have lost and lost their capital. Some even say, to be successful trading, it must never feel the loss first.

If we hate defeat or fear loss, better do not continue this Forex lesson. Because such people will find it difficult to adjust to the sometimes unexpected Forex trading rhythm. Keep this in mind: a trader, no matter how successful he is at the moment, must have lost money.

There are people who should not be trading
"APPAAAH ?! Is not everyone allowed to trade?" Hey, hey ... Quiet friend. Do not rush the lust first, before all clear.

Although everyone can and can join Forex trading, but in practice NOT EVERYONE advised to pursue this field. Especially those who ...
Does not work
Low income
Sink in debt
Unable to pay utility bills, or meet the necessities of life
The main reason why those with the above characteristics are prohibited to jump in Forex trading is because the minimum capital in order to be successful trading is USD500 (on mini / micro account), and it is not necessarily going to profit directly. Do not expect to get rich with capital just coins.

Many ways to minimize losses ... as long as exercise!
Just because Forex involves money, do not think all the Forex traders around the world can make a profit just by clicking the mouse. In fact only about 10% of traders are able to generate large profits. But many people who misinterpret and think with their Forex trading will be able to reap huge profits just overnight.

Well ... okay, we can indeed make a big profit with Forex trading. But big profits, will always be accompanied by risks that are not less too. After all, that is not understood by all beginner traders or those new to Forex is: the profit is not necessarily generated in a short time. To be able to profit we have high levels of discipline, such as the Miss Universe candidates who desperately take care of body and dress up to look perfect. Such a strong will is what we must have.

The reality is, often the big losses are caused by these four things:
Do not have a trading plan
Well, we definitely have a goal to get a big profit. But come on, we can not call that a plan. The trading plan here not only contains trading objectives, but also what strategies and steps we will take to make trading run smoothly.
Less practice in demo account
Although trivial but trading practice in demo account is one of the most important thing for us to become a reliable trader. Remember in movies about heroes? Hercules, Superman, Spiderman .... Before becoming a superhero, they all trained hard. Practicing swords, martial arts, lifting weights, even bitten insects! Where are we? All we have to do is practice in demo accounts for several months, before getting ready for action in live trading.

Powerfull Indicator In Forex

2017-07-10T06:15:00.001-07:00

Powerfull Indicator In Forex
Bollinger Bands®
Bollinger Bands developed by John Bollinger is not a joke. He uses this indicator to measure market volatility. Simply put, the Bollinger Bands indicator shows us when the market is not sounding and when the market is NOISY!

Moving Average Convergence Divergence (MACD)
This trading tool is used by most traders to identify moving averages that indicate a new trend, which can be either bullish or bearish.

Parabolic SAR
There is one indicator that can help us to determine where about a trend will end up is Parabolic SAR. Parabolic SAR uses points or points to indicate potential reversal of price movements within the graph.

Stochastic
In this lesson we will study the Stochastic indicator. Similar to indicators in previous lessons. Stochastic also helps traders to determine where a trend will end.

Relative Strength Index
RSI is one of the most popular trading tools among traders. The cause of the high popularity of this indicator is due to the function of both, that is to confirm the trend formation.

Average Directional Index
Average Directional Index is another example of oscillator. This ADX commonly abbreviated indicator has a scale between 0 and 100. A reading below 20 indicates a weak trend, while a reading above 50 suggests a strong trend.

Ichimoku Kinko Hyo
Ichimoku Kinko Hyo is an indicator that estimates the price momentum and determines the level of support and resistance in the future. Use one to three benefits at a time. Generally this indicator is used in pairs that include JPY as a partner.

Apply All Indicators
Now that we know how most indicators work, it's time we jumped into the mud of Forex. Like one of the detergent ads with the slogan "bold dirty is good", so let's be dirty with some graphic examples and how indicators work.

Border TAX Donald Trump Hot Program

2017-07-10T06:12:00.000-07:00

After being elected as the 45th US President, Donald Trump is best known for the rhetoric of protectionism. He has several times threatened to impose a Border Tax on Mexico and China, even specifically appointing certain multinationals as a target for the protectionist tax bill. What exactly is Trump protectionism? How will it affect the world? Or is this just an unfounded market fear? Check out the following full reviews. What Is Protectionism?
Protectionism is the cornerstone of economic policy that tends to curb the flow of trade between countries in ways such as setting import duties, determining import quotas, and various other regulations in order to achieve trade balance surplus. Protectionist policies aimed at protecting local firms from overseas competitors, and encouraging the creation of maximum employment opportunities for citizens.
To meet that objective, protectionists can provide subsidies and tax deductions for domestic companies. Conversely, taxes such as import duties in large quantities imposed on goods from abroad. In connection with that, since some time ago, protectionist policy is connoted in line with the anti-globalization movement.
The doctrine of protectionism is in contrast to the idea of free trade, in which the government seeks to reduce barriers to international trade. Free Trade thrives on the understanding that a country's wealth can be gained by mutual progress, not by preventing competition. Expectations, competition will encourage the emergence of better products and more competitive for consumers, and encourage innovation for the progress of civilization.

What Is The Trumpistism Of Trumpism?
Specifically, the rhetoric of Trump's protectionism since he was in the campaign before the presidential election covered many aspects, not just the economy, and became the core of the "America First" slogan. Among them:
Deport illegal immigrants and build border walls with Mexico.
Applying tighter immigration rules and re-evaluating US-signed immigrants, which worries IT companies in Silicon Valley because most of their employees are immigrants.
Prohibits outsourcing jobs outside the US.
Canceled US participation in Trans-Pacific Partnership (officially done).
Negotiating NAFTA with Mexico and Canada.
Trim corporate tax from 35% to 15%.
Planning a Tax Holiday (similar to the Amnesty Tax launched by the Indonesian government some time ago) to encourage corporations to bring home the funds invested abroad.
Demanding China, Japan and Europe on charges of currency manipulation.
Applying a Border Tax.
Among all the rhetoric of protectionism that has been thrown, only one that has been really implemented, while the rest is still a matter of debate. Donald Trump's intentions to tighten immigration also came under strong resistance within his own country. In fact, about 100 Silicon Valley companies today (7/2/2017) have just filed a joint lawsuit to prevent it from complicating immigration rules.
However, for financial market participants, the most worrying is the last point: Border Tax. The problem is, the word meaning literally "Border Tax" is potentially a double-edged sword that sparked an international trade war.

What is a Border Tax?
Border Tax is similar to import duties in terms of protectionism above. Namely, taxes on products imported from other countries, in order to protect similar products made by local companies. However, the Trump's Border Tax also seems to include products made by US companies abroad. Thus, the Border Tax is also intended as a "penalty" for companies that build factories abroad.
One of them, Trump has threatened to impose a 35% tax on automotive products made GM and Toyota in Mexico. The problem is that such protectionism measures are prohibited under the North American Free Trade Agreement (NAFTA) agreement, so it must first renegotiate or withdraw US from the trade pact.
These steps of Trump protectionism have actually long been triggered. As quoted by Bloomberg, in his book published in 2011, he appealed for 20% tax on any country that exports goods to the US. In one of his campaign speeches, he also suggested the implementation of 45% tax on imported goods from China and 35% on goods from Mexico.

Forex Trading Fundamental or Technical ?

2017-07-10T06:11:00.000-07:00

What is a fundamentalist and a technicalist? Here, among traders known 2 "flow" traders are: fundamentalist and technicalist. This distinction is based on the trend of analysis used by each trader. In general there are two types of analysis in forex trading.

Fundamental Analysis
That analysis is based on news (news) that affect the value of the currency that we trade. Traders who use fundamental analysis in trading are often classified as fundamentalists. They pay attention to the news (news) that affect the currency value of the pairs that they trade. There are many news that can affect the value of the currency, whether the influence directly or indirectly. What are the influential news? In general, news is usually related to the economy or politics of the country whose currency we trade. So for example we trade the pair EUR / USD, then we need to pay attention to news from European countries and the United States. Maybe you think: weh, complicated doong ... then where can we monitor or find out the news? Do not worry, there are now many sites that provide data about the news along with the expected effect on certain currency pairs.

So if you are more willing to join the fundamentalist, frequently visit the sites that provide news related to the movement of currency values. Or, brokers where we trade also usually provide a notification (alert) about the news. Well, the fundamentalist is much use of the movement of the chart that is usually experienced an extreme movement moment before and after news out. For certain pairs such as GBP / USD, the movement ahead and after the news can be 20-50 pips in not more than 15 minutes. That's why the fundamentalist usually enliven the market when news is released.

Technical Analysis
Unlike fundamentalists, technicalist traders prefer to "get away" from the market just before and after the news is released. They likened the rapid movements because of the short-term news effects like the pool being stirred by the water, making it look "murky". That is, the "original" movement of a pair is not visible at such moments so they choose to wait for the "water" to calm down and show their "true character" back.

The technicalist is more basing the analysis on the history of chart movement. In essence, these technicalists believe that the history of the chart movement will be repeated, and in something that looks random, hidden certain patterns which, if understood, can be used to find out what is and will happen on chart movement. Trader technicalist "communicates" with charts through indicators. From the signal given by this indicator, can be known what is going on or "done" by a pair.

Questions such as: "What is this GJ doing? Where to go, up or down? "Can be answered by looking at the signal given by the indicator. There are many indicators that can be used in forex trading. Usually each trader technicalist has an indicator that is their mainstay, in accordance with their understanding of the indicator.

Well, you choose to be a fundamentalist or a technicalist? Um, actually it does not have to be clearly differentiated like that anyway. There are also traders who choose to be both. They have indicators that become a mainstay, but also enliven the market when news is released. All legitimate, like-we like too kok. That's how good it is to be a trader.

US DOLLAR PUSH YEN FALL TODAY

2017-07-10T06:04:00.000-07:00

The US dollar was in a solid position in the trading session Monday (10 / Jul) this afternoon. The impact of US Employment data over the weekend turned out to be higher than expectations; Pointing to the Fed's chance to keep its monetary policy tightening plans this year underway.
The growth in the US employment sector in June, accompanied by increased hours of work from the company to employees, could provide the basis for the Fed to keep its three-year interest rate hike plan. In fact, the US central bank could also initiate a reduction in the balance sheet even if the wage earning is weak and inflation is starting to get off the hook.

USD / JPY is trading at 114.271 this afternoon, up from 114.16 in the previous trading session. The level is higher than the 114.21 level achieved since May 11. The Dollar Index, which measures the strength of the US Dollar against major currencies, is steady at 96.012.

The Fed Can Increase Interest Rates
"The solid report gives us a reason that the Fed will probably stick to their plans to announce the start of the balance sheet cuts," said Mitsuo Imaizumi, chief Forex Expert at Daiwa Securities. "On the contrary, the Bank of Japan (BoJ) is getting away from the loose monetary policy exit, and is taking steps to weaken the yen."
For example on Friday, Yen fell after BoJ boosted JGBs purchase. The BoJ raised Japanese government bond purchases (JGBs) in its open market operations. This is done BoJ with the aim to stem the rise in bond yields.
Meanwhile, the US NFP reportedly climbed as much as 222,000 in June, exceeding expectations of the expected 175,000 rise, and better than the May's revised NFP rose 138,000 to 152,000. The US unemployment rate edged up 0.1 percent from 4.3 percent - a 16-year low - to 4.4 percent as a result of a surge in new job seekers, mostly from a young age.
According to Sue Trinh, Forex expert from Asia FX strategy at Royal Bank of Canada, Hong Kong, if the current strengthening Dollar topic still dominates, then it is certain that volatility will be very low. Thus, he said, as quoted by Reuters.

Pound Down Thin, Analyst Confident BoE Behind Dovish

2017-07-10T06:02:00.000-07:00

Sterling stable despite showing a slight decline in trading session Tuesday (10 / Jul) this afternoon. Last week, the currency with the GBP symbol was hit hard by the worsening British economic data. As a result, Poundsterling also collapsed to meet the worst level in a month. The Bank of England (BoE), which had shown hawkish sentiment in the previous week, finally doubted by the market.
The strong US NFP figures for June released on Friday night further add to the burden for Pounds Sterling. The US NFP reportedly climbed as much as 222,000 in June, exceeding expectations of a rise of 175,000, and better than the May's revised NFP rose 138,000 to 152,000. The US dollar also strengthened, and Pound which before the release of the data has been let down by Construction Data UK was even more miserable.

Apart from that, GBP / USD is now trading at 1.1387, sagging from the 1.1399 range.

BoE Still Might Turned Dovish
"The lack of a signal for growth in pay could trigger the BoE to re-examine the reality," said ING analyst Viraj Patel, referring to a speech by BoE Deputy Governor Ben Broadbent earlier this week about potential movers for the Pound.

"With a market that still poses about 45 percent chance of a BoE rate hike this year, we are still confident of a more dovish evaluation, and even a short-term cut in UK short-term interest rates, this is also a considerable downside risk Important for Pounds Sterling in the near future, "added Patel.

Risk Forex For Bigenner Russia Forex

2017-07-09T06:04:00.000-07:00

In the world of investment certainly can not be separated from the risk. The applicable law is the greater the potential profit, the greater the potential risk. Yes, the 'risk and reward' is directly proportional. Or maybe the phrase we often hear is 'High Risk High Gain' and the opposite is 'No Risk No Gain'.

What about forex? Forex belongs to the type of investment with the highest risk. This has been mentioned in many sources. Compared to deposits, stocks, or mutual funds, the potential forex profit is higher, as well as the risk of forex trading.

According to the results of several studies, including those conducted by the French AMF forex regulator, 90% of traders end up with loss. Or it could be likened only 1 person who succeeded, from 10 people who plunge into forex trading. Horrified is not it? Yes this is the fact, inevitably, like it or not, we, you, must understand and correctly interpret the above statistical information. So it can be concluded that first, forex trading is from its probability to win low; Second, forex trading is not easy; And thirdly, we need to understand the risks of forex trading before plunging into it.

Generally, forex trading risk comes from four things: Volatility, Leverage, Forex Broker, and Personal Trader.
Forex Trading Risk 1: Volatility
Advantages in forex trading can be obtained because exchange rates between currencies (prices) change constantly almost every time. The magnitude of the rise and fall of prices is called Volatility.

Currencies with low volatility will be difficult to trade. Conversely, the greater the price volatility of a currency, the greater the profit that traders can get from it. However, at the same time, the risk of forex trading on the currency is also getting bigger, because the possibility of loss come increased.

Forex Trading Risk 2: Leverage
Forex trading utilizes Margin Trading system. Margin Trading is a system where trading is possible only by guarantee only (margin = guarantee). Brokers will offer "leverage" to increase margin funds into larger trading funds.

By using this system traders have the potential to earn big profits even with small capital. How come? Let's look at the following example. Such as price pair GBP / USD: 1.6000, capital 100.000 Pound, with the movement per day 100-200 pips. Then the example of profit when profit calculation is (1.6200-1.6000) X 100,000 pounds = 2000 pounds. That is if trading without leverage.
With a margin system, you can trade only with a portion of the required capital. Suppose the broker receives 1% margin (leverage 1: 100) then in the above example you will be able to trade only with capital 1% x 100,000 pounds = 1000 pounds only, and with the potential profit remains the same ie up to 2000 pounds.

That is, with a capital of 100 pounds there could be a potential profit or loss of 200 pounds per day. So your capital can disappear in just a matter of days, even hours, or minutes. In other words, Leverage facilities can help a small capital trader for profit, but also open up the possibility of loss greater than capital.

Still has something to do with this Margin Trading system. With the margin system, then we can trade with only a small capital. In practice, small capital precisely in many cases resulted in traders suffering defeat.

Trading Forex Basic POOR To Rich

2017-07-09T06:01:00.001-07:00

Basic And How To Trade Forex
Basically play forex is done by looking at market conditions, then predict whether the value of a currency pair will rise or fall. Prediction is then executed by opening a trading position (open position).

In forex there are only 2 types of open positions. That is
1. BUY / BUY / LONG: The position of forex trading opened if the pair is predicted to be NAIK value
2. SELL / SELL / SHORT: The position of forex trading opened if the value of the pair is predicted to be DOWN

For more details see the illustration of two people playing forex below:

Handoko enters BUY position (BUY) EUR / USD at 1.3000.
After a certain time, Handoko CLOSE at 1.3064.
That way, Handoko gets 64 pip profit.
If Handoko CLOSE at 1.250 then Handoko losing 50 pips.

Erik entered in the position SELL (SELL) GBP / USD at 1.500.
After a while, Erik CLOSE at 1,400 to get a profit of 100 pips.
If Erik CLOSE is in 1,650 then Erik loses 150 pips.

Close means to close a trading position that is running or open.
Pip is the smallest unit in forex. Understanding the value of pips is very important for anyone who is learning how to trade forex. For the full review, see here.

Conclusion
Requirements / infrastructure in online forex trading is very easy and cheap.
The basis of forex trading is very simple: Buy if predicted to go up, and sell if the predicted will drop. If the prediction is correct then it will gain profit, otherwise it is the opposite.
Infrastructure, ways, and rules to be able to play forex is easy. The hard part is how to trade properly in order to become a winner / profit.

Why Rich People Trading Forex

2017-07-09T05:59:00.001-07:00

There are various reasons why many people are now eyeing forex trading as an additional source of income as well as the main job. Some advantages in online forex trading compared to trading or other investments are:

1. Forex Trading Can Be Done Anywhere.
Today's forex transactions can be done online, with computers, laptops, tablets, and smartphones, with just a click on the broker's provided trading software. Plus the speed and cost of the internet increasingly cheaper the day, the overall cost of online forex trading can be very small and affordable. This is the advantage of forex trading number one.
2. Can Sell At Any Time.
According to data from the Bank for International Settlements (BIS), an institution that oversees the world's banks, the forex market has a very high liquidity (availability of funds) to an average of $ 5.3 trillion per day. This makes the forex market the largest market in the world, even when compared with the famous stock exchanges in the United States though.

Due to the large availability of funds in the forex market, then whenever you want to sell, there will always be buyers. Similarly, whenever you want to buy, there will always be sellers. There is no queuing system like in stock trading which often requires sellers / buyers to wait several hours for days to have an agreed price.

3. Forex Trading Presents Two-Way Advantage Opportunities.
Forex trading is done in a currency pair. For example in a EUR / USD pair: a "buy" transaction means buying Euro while selling US Dollars, while "sell" transactions means selling Euro while buying US Dollars. When you expect the Euro to weaken and the USD strengthens, then trader will open a trading position "sell". Conversely, when expecting the Euro to strengthen with USD weakening, then trader will open a trading position "buy". Thus, the forex trader can benefit, either when a currency weakens and strengthens.

In addition, the advantages of other forex trading can be done on various currencies around the world, so we will not run out of profit opportunities. Although, traders generally trade only seven major currency pairs: EUR / USD, USD / JPY, GBP / USD, NZD / USD, USD / CHF, AUD / USD, and USD / CAD.
4. Forex Market Open 24 Hour Non Stop, 5 Days a Week.
Other financial markets such as stocks usually only open according to regular business hours between Monday and Friday. However, the forex market is open 24 hours a day, only Saturday and Sunday markets are closed.

That is, as a forex trader, you will be able to set your own trading hours. If you prefer to work in the morning because it has another major job; No matter, you can trading forex in the evening. Or vice versa. You can forex trading during the day when you already have busy work at night. Or if you want to specialize only trading in the most profitable times only, then can see the time and hours of the best forex trading.

How To Order In Forex Market

2017-07-09T00:36:00.002-07:00

Similar to the notion of "order" in restaurants; In Forex trading, this word hints at how we want to "order" open-position or close-position, or want a message for now or later. Whether to buy / sell at what price, how the trading position will be closed, and so on.

1. Market Order
It's the simplest type of order. Market order is a type of buy / sell order at the best available price in the market. For example, the bid price on EUR / USD is currently at 1.2140, and the ask price at 1.2142. If we want to buy EUR / USD at market price, then it will be "sold" on us with the price 1.2142. We will click "buy" on the trading platform, and the platform will immediately execute a buy order at that price. Simple is not it? It's like buying things in an online shop, it's just that we buy not new clothes.

2. Limit Entry Order
"Limit entry order" is a type of order placed to buy below current market price, or sell above current market price.

For example, EUR / USD is currently trading at 1.2050. We want to open short position if the price reaches 1.2070. We can wait until when the price reaches 1.2070 then click sell with market order. But we can also install "sell" with limit of entry order now, then left behind. If the price rises up to 1.2070 then the trading platform will automatically open the sell position at the best price at that time.

Traders can take advantage of this type of order, if they believe that the price will reverse after reaching a certain level, or in terms of cool, reversal.

3. Stop-Entry Order
"Stop entry order" can be used if we want to open a buy position above the current market price, or sell below the current market price. This is used if we estimate the price will continue to move in the same direction.

For example, GBP / USD is currently trading at 1.5050 and appears to be moving upwards. We think that the price will continue to rise if it has touched 1.5060. Next, we can wait until the price reaches 1.5060 then just click "buy" with market order, or now we put stop-entry order at 1.5060.

4. Stop-Loss Order
"Stop-loss orders" are used to prevent losses from getting worse, if prices move in an unexpected direction. This type of order is installed after we open a "buy" or "sell" order with any type of order, and will continue to apply until the stop-loss order is revoked or our trading position is closed.

For example, we open long positions EUR / USD at 1.2230. To limit the maximum loss, then we install stop-loss at 1.2200. That is, if we are wrong predictions and EUR / USD fell to 1.2200, then the trading platform will automatically close the trading position immediately with our loss 30 pips.

It sounds ugly, but it could be better, than if the price turns up to 1.2100 and we do not plug the stop-loss at all and then turn the loss 130 pips! Stop-loss is very useful if we do not want to sit in front of the monitor all day after opening the position.

5. Trailing Stop
A trailing stop is a stop-loss order placed at a trading position, but may be subject to fluctuations in price.

Let's say there is a USD / JPY short position at 90.80, with a trailing stop of 20 pips. This means, the initial stop-loss is at 91.00. If the price turns downwards as expected, then touched 90.60, then the trailing stop will automatically move forward 20 pips to 90.80 (also called break event).

Forex Basic Trading In Forex Market

2017-07-09T00:35:00.001-07:00

Even though everyone can do forex business, but not everyone is equal. There are several classes of Forex market participants. Intrigued us including which one? Please click and learn the forex market hierarchy well.
One thing that is often called about forex trading is that it is done 'over the counter'. What does it mean? That means, forex is different from stocks traded on the exchange. Forex trading can happen without going through the exchange. If so, where can prices appear in forex trading? Forex transactions take place in a super large network where various actors buy and sell currencies continuously between each other.

When we talk about 'forex market', that is not a building like Tanah Abang or Klewer market. The forex market is more like an international network of central banks, big banks, veteran investors, brokers, retail traders, and so on. Here's their profile:

1. The Central Banks
The largest forex players are the central banks. Every country has its own central bank, and central banks will always act to safeguard the interests of the country. The central bank is responsible for printing money, withdrawing money, or buying and selling its foreign currency inventory. Therefore, the actions of the central bank could have an enormous impact.

Indonesia also has a central bank, namely Bank Indonesia. But, the influence of Bank Indonesia is not great because the Rupiah count is rarely used. The major influences are central banks such as the Federal Reserve (the Fed, the central bank of the United States), the Bank of England (BoE, the central bank of the UK), the European Central Bank (ECB, the central bank of the European Union), the Swiss National Bank (SNB, central bank Switzerland), the Bank of Japan (BoJ, the central bank of Japan), the Reserve Bank of Australia, the Reserve Bank of New Zealand (RBNZ, the central bank of New Zealand), the People's Bank of China (PBOC, the central bank of China ), And Bank of Canada (BoC, Canada's central bank). All central banks come into play in the forex market, but central banks are typical because their currencies include major currencies and have large stocks of funds.

2. Big Super Banks
The big super banks also known as 'Forex Dealers' include Deutsche Bank, UBS, Citigroup, Barclays Capital, RBS, Goldman Sachs, HSBC, Bank of America, JP Morgan, Credit Suisse and Morgan Stanley. They collectively form an interbank network. The price formed in the interbank will then be downgraded to the broker provided trading platform, where we can trade forex.

3. Commercial Commercial Bank
The next group is the 'ordinary' commercial banks, including banks that may be located next to our offices. They can buy and sell forex for their own needs or on client orders. Clients here can be large and individual companies. For example when Apple will pay the factory that makes the iPhone in China, then they have to swap its Dollar with Yuan. Then if Apple wants to buy components from Japan, then they have to swap their Dollar first with Yen.

4. Hedge Funds, Commercial Companies, and Brokers
Hedge Funds, Commercial Companies, and Brokers can participate in the market with the help of banks. They trade forex usually for investment, because it takes foreign money to buy-sell with companies in other countries, or for speculation. In turn, the broker also helps the retail traders to trade forex.

5. Speculator
Speculators who generally are retail traders, pursue the main forex trading to win transactions. This speculator includes 90% of forex traders in the market, but the trading volume is much smaller than the big players above.

Why small trading volume? Because the capital is mostly small as well. Sometimes speculators go to the Forex market with a bag full of money, but more often with just a pinch. The equation of all these speculators is they come to reap huge profits. We can all be part of this circle.

UK Services PMI Completes Disappointment

2017-07-09T00:11:00.000-07:00

For three days in a row, the release of UK economic indicators was again disappointing. On Wednesday (05 / July) this afternoon, data on the UK Services PMI index reportedly slowed to the lowest level in the last four months through June. GBP / USD also reacted by declining 0.13 percent to 1.2899 afterwards. While EUR / GBP is trading at 0.8762, with a weakening of Euro post ECB official statement, Benoit Coeure. The official market finance data from Markit revealed, UK Purchasing Managers Index (PMI) for the services sector fell to 53.4 in June, from 53.8 on month May. The result is indeed only slightly lower than the expected decline to 53.8 in May, and is still in the expansion category.

In the same report, it also said that the optimism of British companies slumped to the lowest level since late June, after last month's parliamentary election resulted in renewed political unrest. Brexit negotiations are suspected to be deviated from the initial plan compiled by PM Theresa May.

Next Quarter, UK Economy Could Slow Down
Markit said that his view of the UK economic outlook remained weak, although seen growth in the financial services sector and business services. If traced from UK PMI index data that has been released earlier, Markit concluded there will be a possibility of economic slowdown in the next few months.

"The slowdown in service sector growth complements the disappointing 'trio' of British PMI (manufacturing, construction and service) data," said Chris Williamson, chief economist at Markit, cited by Investing. "Given the downturn in predictions of future UK economic indicators, such as firm optimism and order book growth, the risk will be leaning towards a slowdown in the third quarter,"

In the first quarter, UK economic growth slowed as consumers were hit by slower salary growth amid rising inflation, due to the sagging pound sterling since Brexit's decision last year.

Trump Cut Oil Prices Shock

2017-07-08T23:42:00.000-07:00

Trump Cut Oil Prices Shock. Oil prices closed higher at the end of Thursday, but slid back into trading session this Friday (7 / July). Concerns about an increase in oil surplus from high US output that faded after the release of Crude Oil Inventory data by the Energy Information Administration (EIA), again surfaced following a new announcement from the administration of president Donald Trump.
US Oil Stocks Decline More Than Expectations
The Energy Information Administration (EIA) reported late on Thursday that crude oil stocks in the United States were down nearly 6.3 million barrels in the week ended June 30. That figure is bigger than the 2.3 million barrel projected by analysts.

Meanwhile, Gasoline's inventories, one of the leading refined petroleum products, also unexpectedly decreased by 3.7 million barrels; Although previously expected to rise 1.067 million barrels. The stock of other distillates also showed a large decline, exactly as much as 1.85 million barrels.

Despite the brilliant figures, oil investor sentiment remains uncertain. US crude oil inventories are still above the seasonal average, while output-restricting agreements declared by OPEC, Russia and friends are overshadowed by doubts.

Trump Accelerates Processing of Oil and Gas Exploration Permits
Last weekend, oil prices rallied after Baker Hughes reported a decline in the amount of oil drilling rigs in the United States. However, the announcement of the US government this morning seemed to dismiss an indication of the decline in oil production rate.

US Interior Minister Ryan Zinke signed a warrant for auctioning more locations and accelerating the granting of oil and gas exploration permits on federal lands. The procedure was previously complicated in President Barack Obama's era because of the direction of a more environmentally friendly policy. However, President Donald Trump has long argued that it would make it easier for mining on federal lands, in particular to boost state revenues.

As of January 31, there were 2,802 pending permit applications. Most are in the Wyoming, Utah, North Dakota and New Mexico regions.

Zinke did not say how long it would take to speed up the processing of all the permits, only that "It will not be completed overnight, we do not want any unaccounted consequences."

As of this writing, Brent oil prices are in the range of $ 47.58 per barrel, the lowest since June 24. Similarly West Texas Intermediate (WTI), slumped at $ 45.06 per barrel, although on Thursday it touched the range of $ 46.

Gold Prices What Next 2017?

2017-07-08T23:40:00.000-07:00

The heating of hostilities between North Korea and the United States has not been able to lift the gold moving further. For investors, the psychological conflict between allies and North Korea is a stale issue already absorbed by the market.
Investors shifted and focused on two important news to be discussed this week. The first news of FOMC Meeting Minutes to be released later in the morning. The news will discuss about US $ 4.5 trillion in US balance of payments. The impact that can be generated if the abatement plan is alluded to and discussed with certainty is the strengthening US dollar, automatically gold will experience strong pressure.
The second news comes from the agenda of the G-20 summit in Germany to be held Friday and Saturday this week. The focus of the talks at the summit was in stark contrast to Trump's policies. The summit will discuss free trade agreements and climate change agreements. The clash of G20 member policy decisions with Trump's policies will bring concerns about the map of cooperation and the economic climate. This will be a positive boost for gold.

Technical Overview
As of this review, gold is trading at the price level of 1221,140 dollars per troy ounce and the price is testing a weekly support. Looking at the current nearest fundamental condition, there is a possibility the price will try to break down the support level one. The range of one weekly support level is at the price level of 1218.37-1214.83. If the level is able to withstand the onslaught of data that will release, gold will potentially rebound to 1239.00.If the support of one weekly breaks, then the price will continue the trip towards the two Weekly support is in the price range of 1187.228-1177.550 (Green area ). Here zoom in projection of gold price movement.