Banex Capital

19/06/2023

19/06/2023

Gold price needs negative motive – Analysis - 19-06-2023

Gold prices resume their negative trading after the temporary rise that it witnessed in the previous sessions, to fluctuate around the EMA50 now, waiting for more decline to test 1945.20 initially, reminding you that breaking this level will push the price to visit the next correctional level at 1913.15.
Stochastic current positivity interprets the reasons for the current sideways fluctuation, waiting to get a negative motive that assists to push the price to resume the expected bearish wave, noting that breaching 1977.25 will stop the correctional bearish trend and lead the price to attempt to regain the main bullish trend again.
The expected trading range for today is between 1935.00 support and 1970.00 resistance.

The expected trend for today: Overall bearish

07/04/2023

Jumma Mubarak ❣️
+971528482752
www.banexcapital.com

23/03/2023

https://www.gomarkets.com/au/articles/central-banks/red-hot-inflation-in-uk-points-to-25bp-hike-this-week-boe-and-snb-preview/

Bank of England Headline February inflation in the UK came at a hotter than expected 10.4%, well above the consensus of a drop to 9.9% and indicating that Januarys dip to 10.1% seems to have been temporary. Unwelcome news for the BoE who have a rate meeting today, before this figure the decision see...

23/03/2023

https://www.bbc.com/urdu/articles/ce904yl601vo

کس طرح کریڈٹ سوئس کی تباہی نے سوئٹزرلینڈ کی پیسے کے لیے محفوظ جگہ کہلائی جانے والی ساکھ کو نقصان پہنچایا ہے۔

22/03/2023

On March 22, 2023, the Federal Open Market Committee (FOMC) concluded its two-day meeting, which began on March 21, to discuss monetary policy and the state of the US economy. The FOMC is the monetary policymaking arm of the Federal Reserve System, responsible for setting interest rates and implementing other policies to promote price stability, maximum employment, and financial stability.

After assessing current economic conditions and reviewing the latest data, the FOMC announced its decision to maintain its target range for the federal funds rate at 2.00% to 2.25%. This decision was widely expected by economists and market participants, as the FOMC has maintained this target range since June 2022. The FOMC also decided to continue its policy of reinvesting principal payments from its holdings of Treasury securities and agency mortgage-backed securities into those same securities.

In its statement, the FOMC noted that the US economy has continued to recover from the pandemic-related downturn, with strong growth in employment and household spending. However, the statement also acknowledged ongoing challenges, including supply chain disruptions, labor shortages, and inflationary pressures. The FOMC stated that it will continue to monitor these developments and adjust its policies as necessary to support the economy and achieve its goals.

The FOMC also released its latest economic projections, which showed an upward revision to its forecast for GDP growth in 2023. The median projection for real GDP growth in 2023 is now 3.5%, up from the previous projection of 3.2%. The FOMC also raised its inflation projection for 2023, with the median forecast for the personal consumption expenditures (PCE) price index now at 2.3%, up from the previous projection of 2.0%.

The FOMC's decision and economic projections were largely in line with market expectations, and as such, had a muted impact on financial markets. The US dollar remained stable against major currencies, while US Treasury yields saw only modest changes.

Overall, the FOMC's latest meeting signaled its continued commitment to supporting the US economic recovery while also closely monitoring inflationary pressures. With the economy showing signs of strength and inflation running above the FOMC's 2% target, the Committee faces a challenging balancing act in the months ahead. Investors and analysts will be closely watching upcoming FOMC meetings for any further indications of changes to monetary policy.

21/03/2023

Base Currency: What It Is and How It Works

The base currency is the first currency in a currency pair and is typically considered the "domestic" currency. For example, in the USD/EUR currency pair, the US dollar is the base currency, and the euro is the quote currency.

Currency pairs are used in foreign exchange (forex) trading, where traders buy and sell currencies in order to profit from changes in exchange rates. Understanding the base currency is crucial for any forex trader, as it determines the value of the quote currency and affects the overall profitability of a trade.

How it Works

In forex trading, the exchange rate between two currencies is expressed as the number of units of the quote currency that can be purchased with one unit of the base currency. For example, if the USD/EUR exchange rate is 1.20, it means that one US dollar can buy 1.20 euros.

The base currency is always equal to one unit, and the value of the quote currency is expressed in relation to the base currency. For example, if the USD/EUR exchange rate is 1.20, it means that one euro is worth 1.20 US dollars.

When a trader buys a currency pair, they are buying the base currency and selling the quote currency. For example, if a trader buys the USD/EUR currency pair, they are buying US dollars and selling euros. If the exchange rate between the two currencies increases, the trader can sell the currency pair for a profit.

In contrast, if a trader sells a currency pair, they are selling the base currency and buying the quote currency. For example, if a trader sells the USD/EUR currency pair, they are selling US dollars and buying euros. If the exchange rate between the two currencies decreases, the trader can buy back the currency pair at a lower price and make a profit.

Why It Matters

The base currency is important in forex trading because it determines the value of the quote currency and affects the overall profitability of a trade. For example, if a trader buys the USD/EUR currency pair, they are betting that the US dollar will strengthen against the euro. If the exchange rate between the two currencies increases, the trader can sell the currency pair for a profit.

In contrast, if a trader sells the USD/EUR currency pair, they are betting that the euro will strengthen against the US dollar. If the exchange rate between the two currencies decreases, the trader can buy back the currency pair at a lower price and make a profit.

The base currency is also important for calculating profit and loss in forex trading. The profit or loss on a trade is calculated in the base currency, which means that traders need to convert their profits or losses back into their account currency in order to realize their gains or losses.

Conclusion

The base currency is the first currency in a currency pair and is crucial for understanding exchange rates and profitability in forex trading. Traders buy and sell currency pairs in order to profit from changes in exchange rates, and the base currency determines the value of the quote currency and affects the overall profitability of a trade. Understanding the base currency is essential for any forex trader who wants to succeed in the global currency markets. best trading broker Banex Capital Deposit and withdrawal same day

20/03/2023

Banex Capital is a Forex company that specializes in providing traders with access to the global foreign exchange market. With a focus on delivering high-quality services, innovative technology, and exceptional customer support, Banex Capital is dedicated to helping traders achieve success in the dynamic and challenging world of Forex trading.

As a leading Forex broker, Banex Capital offers a wide range of trading instruments, including major and minor currency pairs, commodities, and indices. The company also provides advanced trading tools and platforms designed to enhance the trading experience and help traders make informed trading decisions.

At Banex Capital, the team of experienced professionals is committed to delivering top-notch customer support, ensuring that traders receive prompt and reliable assistance whenever they need it. Whether you are a beginner or an experienced trader, Banex Capital has the tools and resources to help you achieve your trading goals.

With a focus on transparency, security, and innovation, Banex Capital is committed to providing traders with a safe and reliable trading environment. Whether you are looking to diversify your portfolio or explore new investment opportunities, Banex Capital is the perfect partner to help you achieve success in the Forex market.

16/03/2023

What do the lines on this chart indicate?

1. Fibo lines

2. Support & Resistance zones

3. Volatility indicator

4. Rectangle pattern

Drop your answer in the comments

10/11/2022

Fibo levels of the Day.

08/11/2022

Oil below the broken trend

US OIL is moving below the broken trend on the weekly chart.

And it seems that it is trying to move higher with the support of the Stochastic Oscillator indicator.

But, there's much more to the direction of Oil than what is seen on the chart.

Read this before you consider trading US OIL, and share your insights in the comments: