Archive for May, 2015

According to the Bloomberg reports, less money is changing hands in trading stock in the US than in China market.

The combined turnover in Shenzhen and Shanghai rose to a record high of $380 billion on Thursday, exceeding the value of stock traded in the U.S on Wednesday by a whooping $132 billion.

The equity volumes in China surged as monetary speculation and easing of further stimulus ignited the biggest rally in the world.
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This week the dollar will start another chapter in its race against devaluation in the forex market. US dollars have seen their value being decreased; an occurring trend for the last three months and that can be seen on online trading.

This is particularly worrying as America is facing external deals around the world.

China has signed a $22bn agreement with India and this clearly shows a new layout in the design of the international markets.

America has already started taking steps to counter attack this situation by approaching the Chinese. However the question here is: should we buy or sell dollars?
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As the week begins, Gold is still trading within a narrow range while staying under the $1190 resistance.

Supported from $1180, online forex trading will potentially see similar prices as last week where gold had support at $1180 and rose to a $1200 resistance.

The trend for the previous two months has been an attraction to the $1200 resistance, which is a key level.

Two weeks ago, the price on Gold fell through this level and down to $1170, the lowest in six weeks. Overall, though, Gold has tended to gravitate to $1200.
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