The speed and passion of foreign exchange trading

Currency trends in the foreign exchange market are changing rapidly. Looking back at 2019, the global financial market has been turbulent and black swan incidents have emerged one after another. In 2020, many time bombs will also be released.

At 2 o’clock in the morning on March 16, the Fed raised interest rates by 25 basis points. After the announcement of the resolution, the US dollar exchange rate fell, the yields of US Treasuries plunged, and gold appeared to skyrocket.

COMEX’s most active April gold futures contract had a trading volume of 10082 lots within one minute at 02:00 Beijing time. Buying orders worth more than US$1.2 billion caused the price of gold to rise by more than US$10 in the short-term, reaching an intraday peak of US$1219.36/ ounce. The U.S. dollar index fell sharply in the short-term, with a drop of nearly 1% at one time.

The price of safe-haven assets rose rapidly. Spot gold rose by US$10 to US$1263 in the short-term, and silver rose by 0.66%; the yen rose sharply, and the US dollar/yen is now at 110.31. Crude oil also reacted significantly. Brent crude oil and WTI crude oil futures both rose more than 1%.

Roller-coaster-like market often catches everyone by surprise. MagKing Forex reminds everyone to be careful of the risks in “stimulus”, and must do strict risk control in their transactions.

Extremely fast transaction, speed is king

A good racer needs a good car, and a good car without excellent accessories can also not reach its limits.

In foreign exchange transactions, the stability and speed of the server can be said to act as an “engine” in the transaction process. The foreign exchange market can be calculated in minutes and seconds. A wave of market conditions is coming, and a smooth server will surely let you Trading is extremely smooth.

MagKing Forex has established its own data center worldwide, fiber optic link to bank-level servers in New York, London and Hong Kong, with up to 12 times the execution speed and minus 10 times the delay, to the greatest extent to eliminate requotes, Create an experience-oriented trading environment for customers. In addition, MagKing Forex’s deposit and withdrawal speed is also shocking, and deposits and withdrawals are accepted within a day on average.

As a veteran Australian foreign exchange broker, MagKing Forex provides you with all favorable trading conditions and market news, and provides you with all the necessary education support to help you gallop on the road of trading at a high speed and spread your passion.