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Hong Kong SAR Establishment Day / Canada Day- Trading Schedule 2024
398618 June 27, 2024 17:22 ICMarkets Market News
Dear Client,
Please find our updated Trading schedule and general information related to the Hong Kong SAR Establishment Day / Canada Day on Monday, 01 July, 2024.
Liquidity over the holidays is expected to be particularly thin so please take the necessary precaution to ensure that you are not affected by increased volatility, spreads and intermittent pricing.
All times mentioned below are Platform time (GMT +3).
Kind Regards,
IC Markets Global.
The post Hong Kong SAR Establishment Day / Canada Day- Trading Schedule 2024 first appeared on IC Markets | Official Blog.
EUR/USD Forecast: Euro remains fragile ahead of US data
398616 June 27, 2024 17:22 FXStreet Market News
- EUR/USD struggles to recover above 1.0700 following two-day decline.
- US economic docket will feature key data releases on Thursday.
- The US Dollar is likely to benefit from risk aversion.
EUR/USD extended its slide and touched its weakest level since early May slightly below 1.0670 on Wednesday. Although the pair edged higher early Thursday, it lost its recovery momentum after meeting resistance near 1.0700.
Euro PRICE This week
The table below shows the percentage change of Euro (EUR) against listed major currencies this week. Euro was the weakest against the Australian Dollar.
| Â | USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF |
|---|---|---|---|---|---|---|---|---|
| USD | Â | 0.04% | 0.07% | 0.48% | -0.05% | -0.36% | 0.37% | 0.43% |
| EUR | -0.04% | Â | 0.05% | 0.51% | -0.05% | -0.38% | 0.38% | 0.47% |
| GBP | -0.07% | -0.05% | Â | 0.41% | -0.11% | -0.43% | 0.33% | 0.41% |
| JPY | -0.48% | -0.51% | -0.41% | Â | -0.53% | -0.81% | -0.06% | -0.05% |
| CAD | 0.05% | 0.05% | 0.11% | 0.53% | Â | -0.29% | 0.44% | 0.52% |
| AUD | 0.36% | 0.38% | 0.43% | 0.81% | 0.29% | Â | 0.76% | 0.85% |
| NZD | -0.37% | -0.38% | -0.33% | 0.06% | -0.44% | -0.76% | Â | 0.08% |
| CHF | -0.43% | -0.47% | -0.41% | 0.05% | -0.52% | -0.85% | -0.08% | Â |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Euro from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent EUR (base)/USD (quote).
The US Bureau of Economic Analysis (BEA) will release the final revisions to the first-quarter Gross Domestic Product (GDP) growth. The BEA is forecast to revise annualized GDP growth to 1.4% in Q1 from 1.3% in the previous estimate.
Other data releases from the US will include Durable Goods Orders for May, which is expected to decline 0.1%, weekly Initial Jobless Claims and Pending Home Sales for May.
Investors forecast the number of first-time applications for unemployment benefits to arrive at 236,000 in the week ending June 22, down slightly from 238,000 reported in the previous week. A reading above 240,000 could highlight loosening conditions in the labor market and cause the US Dollar (USD) to weaken against its rivals.
In the second half of the day, investors will pay close attention to the risk perception. US stock index futures were last seen losing about 0.3% on the day. In case safe-haven flows dominate the financial markets ahead of the first US Presidential Debate, the USD could outperform its rivals even if macroeconomic data releases disappoint.
EUR/USD Technical Analysis
The Relative Strength Index (RSI) indicator on the four-hour edged higher but turned sideways near 40, highlighting a lack of recovery momentum.
Wednesday’s price action confirmed 1.0670, the Fibonacci 78.6% retracement of the latest uptrend, as strong support. In case EUR/USD drops below this level and starts using it as resistance, 1.0600 (psychological level, static level) could be set as the next bearish target.
On the upside, 1.0700 (psychological level, static level) could be seen as interim resistance before 1.0730 (Fibonacci 61.8% retracement) and 1.0760 (Fibonacci 50% retracement, 100-period Simple Moving Average).
Euro FAQs
The Euro is the currency for the 20 European Union countries that belong to the Eurozone. It is the second most heavily traded currency in the world behind the US Dollar. In 2022, it accounted for 31% of all foreign exchange transactions, with an average daily turnover of over $2.2 trillion a day. EUR/USD is the most heavily traded currency pair in the world, accounting for an estimated 30% off all transactions, followed by EUR/JPY (4%), EUR/GBP (3%) and EUR/AUD (2%).
The European Central Bank (ECB) in Frankfurt, Germany, is the reserve bank for the Eurozone. The ECB sets interest rates and manages monetary policy. The ECB’s primary mandate is to maintain price stability, which means either controlling inflation or stimulating growth. Its primary tool is the raising or lowering of interest rates. Relatively high interest rates – or the expectation of higher rates – will usually benefit the Euro and vice versa. The ECB Governing Council makes monetary policy decisions at meetings held eight times a year. Decisions are made by heads of the Eurozone national banks and six permanent members, including the President of the ECB, Christine Lagarde.
Eurozone inflation data, measured by the Harmonized Index of Consumer Prices (HICP), is an important econometric for the Euro. If inflation rises more than expected, especially if above the ECBÂ’s 2% target, it obliges the ECB to raise interest rates to bring it back under control. Relatively high interest rates compared to its counterparts will usually benefit the Euro, as it makes the region more attractive as a place for global investors to park their money.
Data releases gauge the health of the economy and can impact on the Euro. Indicators such as GDP, Manufacturing and Services PMIs, employment, and consumer sentiment surveys can all influence the direction of the single currency. A strong economy is good for the Euro. Not only does it attract more foreign investment but it may encourage the ECB to put up interest rates, which will directly strengthen the Euro. Otherwise, if economic data is weak, the Euro is likely to fall. Economic data for the four largest economies in the euro area (Germany, France, Italy and Spain) are especially significant, as they account for 75% of the EurozoneÂ’s economy.
Another significant data release for the Euro is the Trade Balance. This indicator measures the difference between what a country earns from its exports and what it spends on imports over a given period. If a country produces highly sought after exports then its currency will gain in value purely from the extra demand created from foreign buyers seeking to purchase these goods. Therefore, a positive net Trade Balance strengthens a currency and vice versa for a negative balance.
Pound Sterling exhibits caution ahead of US core PCE Inflation
398614 June 27, 2024 17:21 FXStreet Market News
- The Pound Sterling rises slightly against the US Dollar but the overall direction remains uncertain.
- Economists expect that the US core PCE inflation softened in May.
- The uncertainty over the UK elections outcome keeps the Pound Sterling on its toes.
The Pound Sterling (GBP) finds a cushion above the round-level support of 1.2600 against the US Dollar (USD) in ThursdayÂ’s London session. The GBP/USD pair gauges ground as the US Dollar registers a modest correction. The US Dollar Index (DXY), which tracks the GreenbackÂ’s value against six major currencies, edges down after posting a fresh eight-week high near 106.10.
However, the near-term outlook of the US Dollar remains firm as investors are expected to trade cautiously ahead of the United States (US) core Personal Consumption Expenditure price index (PCE) data for May, which will be published on Friday. Core PCE inflation, the Federal ReserveÂ’s (Fed) preferred inflation measure, is estimated to grow at a slower pace of 0.1% against 0.2% in April month-on-month. Annually, the underlying inflation is projected to decelerate to 2.6% from 2.8% in April.
A scenario in which PCE inflation declines, as economists expect, would boost expectations for the Fed to begin reducing interest rates from September. According to the CME FedWatch tool, traders see a 62.3% that interest rates will be reduced from their current levels. The tool also shows that the Fed will cut interest rates twice this year. However, Fed policymakers signaled in their latest dot plot that there will be only on rate cut this year.
In ThursdayÂ’s session, investors will focus on the Initial Jobless Claims data for the week ending June 21, the revised Q1 Gross Domestic Product (GDP) estimates, and Durable Goods Orders data for May.
Daily digest market movers: Pound Sterling exhibits weakness against Asian peers
- The Pound Sterling gains against its European peers and the US Dollar but is exhibiting weakness against Asian currencies in ThursdayÂ’s European session. In Asia, the Japanese Yen (JPY) rises as fears of JapanÂ’s intervention in the FX domain have intensified. Meanwhile, antipodean currencies are showing strength as investors expect that the Reserve Bank of Australia (RBA) and the Reserve Bank of New Zealand (RBNZ) will not pivot to policy normalization this year.
- The British currency is expected to face volatility as the United Kingdom (UK) parliamentary elections are held on July 4. According to polls, UK Prime Minister Rishi SunakÂ’s Conservative Party is expected to suffer a defeat from the opposition Labour Party.Â
- On the economic front, the deteriorating economic outlook due to the Bank of England’s (BoE) higher interest rates and stubborn wage growth keep policymakers concerned. The preliminary S&P Global/CIPS Purchasing ManagersÂ’ Index (PMI) for June showed that business activity in the manufacturing sector expanded at a faster pace, while operations in the service sector unexpectedly slowed. Meanwhile, high wage growth continues to empower individuals with high purchasing power, making it more difficult for policymakers to kick-start the policy-easing cycle.
- Financial markets expect the BoE to start reducing interest rates from the August meeting. Meanwhile, investors will focus on the revised UK Q1 GDP estimates, which will be published on Friday.
Pound Sterling Price Today:
British Pound PRICE Today
The table below shows the percentage change of British Pound (GBP) against listed major currencies today. British Pound was the strongest against the US Dollar.
| Â | GBP | USD | EUR | JPY | CAD | AUD | NZD | CHF |
|---|---|---|---|---|---|---|---|---|
| GBP | Â | 0.16% | 0.03% | -0.02% | 0.06% | -0.11% | -0.01% | 0.11% |
| USD | -0.16% | Â | -0.13% | -0.21% | -0.11% | -0.30% | -0.19% | -0.05% |
| EUR | -0.03% | 0.13% | Â | -0.10% | 0.00% | -0.17% | -0.09% | 0.06% |
| JPY | 0.02% | 0.21% | 0.10% | Â | 0.12% | -0.08% | -0.00% | 0.17% |
| CAD | -0.06% | 0.11% | -0.01% | -0.12% | Â | -0.21% | -0.09% | 0.04% |
| AUD | 0.11% | 0.30% | 0.17% | 0.08% | 0.21% | Â | 0.11% | 0.22% |
| NZD | 0.01% | 0.19% | 0.09% | 0.00% | 0.09% | -0.11% | Â | 0.13% |
| CHF | -0.11% | 0.05% | -0.06% | -0.17% | -0.04% | -0.22% | -0.13% | Â |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the British Pound from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent GBP (base)/USD (quote).
Technical Analysis: Pound Sterling holds key support of 1.2600
The Pound Sterling finds interim support near 1.2600 against the US Dollar. The GBP/USD pair has come under pressure after breaking below the crucial support of 1.2700. The Cable declines toward the 200-day Exponential Moving Average (EMA), which trades around 1.2590.Â
The Cable has dropped below the 61.8% Fibonacci retracement support at 1.2667, plotted from the March 8 high of 1.2900 to the April 22 low at 1.2300.
The 14-day Relative Strength Index (RSI) oscillates inside the 40.00-60.00 range, indicating consolidation ahead.
Economic Indicator
Gross Domestic Product (QoQ)
The Gross Domestic Product (GDP), released by the Office for National Statistics on a monthly and quarterly basis, is a measure of the total value of all goods and services produced in the UK during a given period. The GDP is considered as the main measure of UK economic activity. The QoQ reading compares economic activity in the reference quarter to the previous quarter. Generally, a rise in this indicator is bullish for the Pound Sterling (GBP), while a low reading is seen as bearish.
USD/CNH: The pair can break above 7.3100 – UOB Group
398613 June 27, 2024 17:17 FXStreet Market News
The US Dollar (USD) is likely to trade in a range, probably between 7.2920 and 7.3060. USD could break above 7.3100, but it is too early to tell if the next significant resistance at 7.3400 will come into view, UOB Group analysts suggest.
The upside risk is intact above 7.2800
24-HOUR VIEW: “USD traded in a quiet manner two days ago. Yesterday, we highlighted that ‘despite the quiet price action, there has been a slight increase in momentum.’ We expected USD to edge higher, but we were of the view that ‘any advance is unlikely to reach the major resistance at 7.3000.’ The anticipated USD advance exceeded our expectations, as it not only broke above 7.3000 but also came close to the next major resistance at 7.3100 (high has been 7.3080). The pullback from the high in overbought conditions suggests that instead of continuing to rise, USD is more likely to trade in a range today, probably between 7.2920 and 7.3060.”
1-3 WEEKS VIEW: “We turned positive in USD early last week. In our latest narrative from last Friday (21 Jun, spot at 7.2920), we indicated that ‘further USD strength is likely, and the resistance levels to watch are 7.3000 and 7.3100.’ After trading in a relatively quiet manner for a few days, USD took off yesterday and soared to a high of 7.3080. There is still room for USD to rise further, but while a break of 7.3100 will not be surprising, it is too early to tell if the next significant resistance at 7.3400 will come into view this time round. The upside risk is intact as long as 7.2800 is not breached (‘strong support’ level previously at 7.2700).”
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Eurozone Business Climate down to -0.46 in June from previous -0.39
398612 June 27, 2024 17:17 FXStreet Market News
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
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USD/JPY: The pair could test 161.00 – UOB Group
398611 June 27, 2024 17:13 FXStreet Market News
The US Dollar (USD)Â could test 161.00 first before levelling off. Resistance levels are at 161.00 and 161.50, but 161.50 is unlikely to come into view. Still, strong momentum suggests further USD strength, UOB Group analysts suggest.
Resistance levels are at 161.00 and 161.50
24-HOUR VIEW: “We expected USD to trade sideways yesterday. However, USD lifted off and surged to a high of 160.86, closing at its highest level since 1986. After such a sharp rally in a short span of time, conditions are unsurprisingly overbought. However, the advance is not showing any sign of levelling off just yet. Today, USD could test 161.00 first before levelling off. 161.50 is unlikely to come into view. On the downside, significant support can be found at 160.00, with minor support at 160.30.”
1-3 WEEKS VIEW: “We have held a positive view in USD since early last week. In our latest narrative from three days ago (24 Jun, spot at 159.85), we indicated that while USD ‘could break above 160.00, it is worth noting that there is another resistance level at 160.25.’ Yesterday, USD took off and not only broke above both 160.00 and 160.25, but also soared to 160.86. While conditions are severely overbought, strong momentum suggests further USD strength. Resistance levels are at 161.00 and 161.50. On the downside, the ‘strong support’ level has moved higher to 159.40 from 158.80.”
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USD/CHF maintains position above 0.8950 near its two-week highs
398610 June 27, 2024 17:12 FXStreet Market News
- USD/CHF holds ground near its two-week high of 0.8983.
- US GDP Annualized (Q1) is expected to slightly increase by 1.4%, against the previous growth of 1.3%.
- The US Dollar may draw some support from the higher yields.
USD/CHF trades around 0.8980 during the European hours on Thursday, grappling to hold ground near its two-week high of 0.8983, recorded on Wednesday. Investors await the release of the US GDP Annualized (Q1) due later in the North American session. The report is expected to show a slight increase of 1.4% from the previous growth of 1.3%.
The US Dollar (USD) struggles possibly due to tradersÂ’ anticipation of FridayÂ’s Core PCE Price Index inflation, projected to decrease year-over-year to 2.6% from the previous 2.8%. This data is seen as the Federal Reserve’s (Fed) preferred inflation gauge. Market participants are likely to hope that signs of easing inflation will encourage the Federal Reserve (Fed) to consider rate cuts sooner rather than later.
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against the six other major currencies, may draw support from the higher US Treasury yields. 2-year and 10-year yields stand at 4.75% and 4.33%, respectively, at the time of writing.
Reuters cited Fed Governor Michelle Bowman repeating her view on Tuesday that holding the policy rate steady for some time will likely be enough to bring inflation under control. Meanwhile, Fed Governor Lisa Cook said it would be appropriate to cut interest rates “at some point,” given significant progress on inflation and a gradual cooling of the labor market. However, Cook remained vague about the timing of the easing.
On the Swiss side, the economic calendar remains barren during the session, leaving the USD/CHF pair at the mercy of broader market trends and data from the United States (US). On Friday, the KOF Swiss Economic Institute may release the Swiss Leading Indicator for June, which measures future trends of the overall economic activity. The survey is expected to release an improved reading of 101.0 compared to the previous 100.3 reading.
Swiss Franc FAQs
The Swiss Franc (CHF) is SwitzerlandÂ’s official currency. It is among the top ten most traded currencies globally, reaching volumes that well exceed the size of the Swiss economy. Its value is determined by the broad market sentiment, the countryÂ’s economic health or action taken by the Swiss National Bank (SNB), among other factors. Between 2011 and 2015, the Swiss Franc was pegged to the Euro (EUR). The peg was abruptly removed, resulting in a more than 20% increase in the FrancÂ’s value, causing a turmoil in markets. Even though the peg isnÂ’t in force anymore, CHF fortunes tend to be highly correlated with the Euro ones due to the high dependency of the Swiss economy on the neighboring Eurozone.
The Swiss Franc (CHF) is considered a safe-haven asset, or a currency that investors tend to buy in times of market stress. This is due to the perceived status of Switzerland in the world: a stable economy, a strong export sector, big central bank reserves or a longstanding political stance towards neutrality in global conflicts make the countryÂ’s currency a good choice for investors fleeing from risks. Turbulent times are likely to strengthen CHF value against other currencies that are seen as more risky to invest in.
The Swiss National Bank (SNB) meets four times a year – once every quarter, less than other major central banks – to decide on monetary policy. The bank aims for an annual inflation rate of less than 2%. When inflation is above target or forecasted to be above target in the foreseeable future, the bank will attempt to tame price growth by raising its policy rate. Higher interest rates are generally positive for the Swiss Franc (CHF) as they lead to higher yields, making the country a more attractive place for investors. On the contrary, lower interest rates tend to weaken CHF.
Macroeconomic data releases in Switzerland are key to assessing the state of the economy and can impact the Swiss FrancÂ’s (CHF) valuation. The Swiss economy is broadly stable, but any sudden change in economic growth, inflation, current account or the central bankÂ’s currency reserves have the potential to trigger moves in CHF. Generally, high economic growth, low unemployment and high confidence are good for CHF. Conversely, if economic data points to weakening momentum, CHF is likely to depreciate.
As a small and open economy, Switzerland is heavily dependent on the health of the neighboring Eurozone economies. The broader European Union is SwitzerlandÂ’s main economic partner and a key political ally, so macroeconomic and monetary policy stability in the Eurozone is essential for Switzerland and, thus, for the Swiss Franc (CHF). With such dependency, some models suggest that the correlation between the fortunes of the Euro (EUR) and the CHF is more than 90%, or close to perfect.
Eurozone Industrial Confidence came in at -10.1 below forecasts (-9.6) in June
398609 June 27, 2024 17:09 FXStreet Market News
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
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Eurozone Economic Sentiment Indicator came in at 95.9 below forecasts (96.2) in June
398608 June 27, 2024 17:09 FXStreet Market News
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
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Italy Producer Price Index (MoM): 0.3% (May) vs -0.9%
398607 June 27, 2024 17:05 FXStreet Market News
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
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Italy Producer Price Index (YoY) increased to -3.5% in May from previous -5.9%
398606 June 27, 2024 17:05 FXStreet Market News
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
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