(English) Forex news
Date: December, 23 – 2023.
AccentForex work schedule during Christmas and New Year
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Market holidays can significantly affect the the markets volatility. Please see below all upcoming exchange Market holidays and stay up to date with the trading schedule.
Since Christmas in 2023 is on Sunday-Monday (24-25 of December), then the Market will be closed on December 25. The Market will be opened on Tuesday, December 26 at 8 AM (terminal time).
On the New Year holidays, the Market will be closed on Monday, January 1. The opening of the Market is planned for January 2, 2024 at 8 AM (terminal time).
Due to the increased volatility in the Markets during the holidays, it is possible to widen the spread on all types of accounts.
The AccentForex team wishes you a Merry Christmas and a Happy New Year.
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Date: May, 02 – 2023.
Oil prices are falling again
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As investors fear due to the economy state and brace for another US interest rate hike this week, oil prices fell 5% to hit a five-week low.
Brent is currently trading at $75.19 a barrel
WTI is currently trading at $71.53 a barrel
A significant drop began after the negative statement by Treasury Secretary Janet Yellen. In addition, there is a decrease in the number of vacancies for the third month in a row, but also an increase in the number of layoffs, which is due to a wave of layoffs from the largest corporations.
Investors will watch the direction of the market depending on the expected increase in interest rates by central banks, which are still struggling with inflation.
The US Federal Reserve is expected to raise interest rates by another 25 basis points on Wednesday and the European Central Bank may raise rates at its regular policy meeting on Thursday. Hikes in interest rates by a number of central banks are likely to further dampen economic growth, impacting oil demand.
On the supply side, Russian exports jumped above 4 million barrels a day in the week to April 28, according to data compiled by Bloomberg. This is a level that has only been reached once since Russia invaded Ukraine.
WTI may pass the $70 support, however a sharp rebound is also probable due to oversold conditions, Sunil Kumar Dixit, chief technical strategist at SKCharting.com, said.
“As short time frames turn oversold, a reactive bounce back from the lows can hardly be ruled out which may cause some recovery towards $74.00 and even $75.70,” said Dixit. “Nonetheless, the 200-week Simple Moving Average of $67.00 remains a potential destination wide open.”
A factor that could provide some support to oil prices is a Reuters poll that showed U.S. crude stockpiles were likely down by about 1.1 million barrels last week, leading to a third straight week of inventory cuts for the first time since December.
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Date: February, 21 – 2022.
Market instability. Fed, Russia – Ukraine, ECB
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The market is going through an unstable period due to many political and economic events. And this week promises to be exciting for investors.
1. Demand for safe haven assets is on the rise due to fears of a possible Russian invasion of Ukraine.
Russian forces have been concentrating around their neighbor since the end of last year in what Western countries see as preparations for an invasion that could happen at any moment. US satellite imagery company Maxar has reported numerous new deployments of Russian military units in forests, farms and industrial areas just 15 km (9 miles) from the border with Ukraine.
In a letter to U.N. human rights chief Michelle Bachelet, seen by Reuters, the United States raised concern that “further Russian invasion of Ukraine may create a human rights catastrophe”.
The EU and the US are ready to impose tough sanctions on the Russian Federation, in the event of an invasion of Ukraine.
“We are always ready for diplomacy,” White House Press Secretary Jen Psaki said. “We are also ready to impose swift and severe consequences, should Russia instead choose war.”
So far, the market has received a positive boost as US President Biden and Russian President Putin have tentatively agreed to participate in high-level talks, giving hope for de-escalation and mitigation.
2. The second factor is the Fed’s uncertainty about how aggressive its moves to raise interest rates in March will be. The Fed has signaled that it will hike interest rates at its upcoming meeting in March to bring down inflation.
St. Louis Fed President James Bullard has called for aggressive steps to curb inflation, while New York Fed chief John Williams said Friday he sees little need for the central bank to go big at the start of its rate-hike cycle.
3. In the Eurozone, PMI data were published today, which jumped higher than expected. As a consequence of the easing of pandemic restrictions, the service sector market received a sharp boost, which had a positive impact on the economy.
“The surge in the euro zone flash Composite PMI for February suggests activity is recovering well from the pandemic-related weakness over the winter,” said Andrew Kenningham at Capital Economics.
“Having regained its pre-pandemic level in Q4 2021, the euro zone economy is likely to expand at a reasonable pace in the first quarter of this year and should accelerate in the next two quarters as tourism, travel and hospitality get back to normal. ”
A Reuters poll last week suggested the Bank would raise its deposit rate in the second half of this year, and not wait until 2023 as previously expected.
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Date: December, 22 – 2021.
AccentForex work schedule during Christmas and New Year
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Market holidays can significantly affect the the markets volatility. Please see below all upcoming exchange market holidays and stay up to date with the trading schedule.
Since Christmas in 2021 is on Friday-Saturday (24-25 of December), then the market will be closed earlier on December 24, at 21:00 (terminal time). The market will be opened on Monday, December 27 at 00:00 (terminal time).
On the New Year holidays, the market will be closed earlier on December 31, at 21:00 (terminal time). The opening of the market is planned for January 3, 2020 at 00:00 (terminal time).
Due to the increased volatility in the markets during the holidays, it is possible to widen the spread on all types of accounts.
The AccentForex team wishes you a Merry Christmas and a Happy New Year.
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Date: April, 01 – 2021.
BEST BROKERS FOR MARCH 2021
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We are in TOP 5 Forex brokers rating based on these sources.
“Another STP broker, AccentForex, made headlines this March with its promo campaigns designed to attract interest to its great offering. These are not big words, as the spreads go as low as 0.1 pips at AccentForex, and traders are invited to check for themselves.
The broker recently increased its new deposit bonus offering from 30% to 40% to attract even more retail traders. If we add to this services like PAMM, a contest for demo accounts and a perpetual loyalty program top-rated among its clients, it comes as no surprise that AccentForex made our best brokers for March 2021 list.”
We are striving for the best efficiency and reliability in order to provide high quality service to our customers.
Also visit links to the sources: 100 Forex brokers, EFXTO, Professeurforex
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Date: December, 22 – 2020.
AccentForex work schedule during Christmas and New Year
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Market holidays can significantly affect the the markets volatility. Please see below all upcoming exchange market holidays and stay up to date with the trading schedule.
Since Christmas in 2020 is on Thursday-Friday (24-25 of December), then the market will be closed earlier on December 24, at 21:00 (terminal time). The market will be fully closed on Friday, December 25, and on Monday, December 28, the opening will take place at 00:00 (terminal time).
On the New Year holidays, the market will be closed earlier on December 31, at 21:00 (terminal time). Since January 1 is a public holiday, the market will be closed on this day. The opening of the market is planned for January 4, 2020 at 00:00 (terminal time).
The AccentForex team wishes you a Merry Christmas and a Happy New Year.
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日付:4月2日-2020。
Skrill / Neteller預金のAccentForexロイヤルティプログラム
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取引と投資をより快適にするために、SkrillとNetellerの支払いに対するロイヤルティプログラムを開始します。
ロイヤルティプログラムは、(EURまたはUSD)2000以上のすべての支払いに適用され、Skrill / Netellerの手数料をそのような支払いの補充に対して補償します。
プログラムは4月2日から6月2日まで有効です。
*外国為替アクセントは手数料を請求しません、彼らは支払いシステムによって請求されます。
**ロイヤルティプログラムは預金にのみ適用されます。
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Date: July, 5 – 2019.
Donald Trump condemned U.S. central bankers
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Donald Trump once again condemned U.S. central bankers, saying that they do not know what they are doing. He is of the opinion that the Fed interest rate cut will promote growth, which “would be like a rocket ship”.
“If we had a Fed that would lower interest rates we would be like a rocket ship, but we’re paying a lot of interest and it’s unnecessary,” Trump said. “We don’t have a Fed that knows what they’re doing, so it’s one of those little things.”
This is a comment after NFP, which is higher than expected and the highest since January.
Earlier, Trump has already declared his dissatisfaction with the work of Fed and Chairman Jerome Powell, because he wanted to see an interest rate cut.
Trump also said on Friday that President Barack Obama had lower interest rates during his administration. “He paid close to zero interest rates. I’m paying real interest,” Trump said. “Yet our economy is much better than it’s ever been.”
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Date: June, 20 – 2019.
Bitcoin reached $9500, the next level is $10000
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The Bitcoin shows the bullish behavior and reached $9500 again and is growing more, to the next level of the high (April 2018), at the price of $10000.
The main cryptocurrency shows a upward trend since the 2019 starting.
Among its closest rivals, Ethereum edged forward 0.8% to $269.1, XRP lost 0.2% to $0.42821, while Litecoin traded down 1.7% at $135.045.
The attention to alt coin is rising because of the latest news from Facebook and it’s new project “Libra”, a new cryptocurency that was announced despite of FB’s issues with regulator.
Trade volume spiked in the run-up to the official announcement, topping at $76.82 billion on Sunday, but has since died off, clocking in at just $46.66 billion on Wednesday.
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