Author: FX
The extra zeros on a Cent-account balance are a unit conversion. They are not a larger deposit. The smaller contract can be useful, but only if you translate the volume box into the exposure it actually creates.Three units to keep separateQuantityMeaningIllustrationCash balanceYour money expressed in dollars$10Displayed USC balanceThe same money expressed in US cents1,000 USCForex cent lot1,000 base-currency units in the stated convention1.00 cent lot of EUR/USD = 1,000 EURForex standard lot100,000 base-currency units1.00 standard lot of EUR/USD = 100,000 EURThe official account page lists USC as the Cent currency and a minimum volume of 0.01 cent lot. Its forex…
European stock market open: A breather as oil and bond yields ease ahead of Fed !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz Source link
AKart Design Brookfield has agreed to acquire plumbing products manufacturer Reliance Worldwide for about $2.9B in an all-cash deal. The offer values Reliance at $3.38 per share, equivalent to A$4.75 per share, and represents a roughly 32% premium to its August 17 closing price. Source link
Sterling may face fresh selling pressure as traders weigh a dovish BOE outlook, a hawkish Fed, and bearish GBP chart setups. Source link
PBOC sets USD/ CNY central rate at 6.7628 (vs. estimate at 6.7148) !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz Source link
Are you struggling to find a reliable Forex trading strategy? Many traders face this challenge, leading to frustration and losses. The market’s complexity can be overwhelming, making it hard to know when to enter or exit trades.But there’s hope. The Trix and Pin Bar Forex trading strategy offers a solution. It combines the Trix indicator with pin bar patterns for more accurate market analysis.This strategy helps you spot trend reversals and continuations. It gives you an edge in your trading decisions. By using these tools together, you can improve your timing and increase your chances of successful trades.Let’s dive into…
AUD/CAD is hesitating on its climb, as the pair has formed a double top on its 4-hour time frame. Will it find enough bearish momentum for a breakdown soon? Source link
Market expectations are pointing to another hold decision from the BOE, but what if more policymakers join the hawkish camp? Here’s what I’m watching on GBP/CHF and EUR/GBP in this case. Source link
Christopher EzellLenovo (LNVGY) signed a memorandum of understanding with MemryX, a provider of power-efficient, scalable AI technology, to expand the deployment of sovereign edge AI solutions in Saudi Arabia. The agreement builds on joint platform deployments already operating in the country Source link
Perhaps the big takeaway from the attacks on Saudi Arabia’s east-west pipeline wasn’t so much that it happened, but that militias in Iraq were capable of the strikes and Saudi Arabia was incapable of defending against them.The timeline to repair the damage is 3-6 weeks, according to reports but if they can be struck again, then the timeline is indefinite. Saudi Arabia is clearly being dragged further into this conflict by Houthis and Iran looks to gain leverage for a comprehensive peace. So far, the Houthi fighters are showing some suprising tactics, as they’ve taken the coast and islands, including…