Gold loses shine as Omicron fear eases, good to buy on dips

Gold halted its minor pullback and held below $1800 as Omicron fear eases. The US stock markets surged more than 1% as markets sentiment stabilized. The dollar is hovering near 96 levels; any breach below 95.75 confirms intraday weakness. The new Omicron poses a “very high” global risk and increases the chance of reinfection, according to WHO. The yellow metal hits a high of $1799.89 yesterday and is currently trading around $1789.12.

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Treasuries Recap 27 November 2021

Concerns about a new coronavirus variant on Friday drove the sharpest rally in short-dated U.S. Treasuries since the pandemic took hold, as investors scurried for safe-haven assets and pared some of their bets on rate hikes through next year.

Ten-year yields were also down 12 bps, the biggest drop since February this year, to around 1.53% and five year yields tumbled 14 bps to around 1.19%. Bond yields fall when prices rise.

GBP/USD Summaries 27 November 2021

Sterling initially dipped against dollar  but recovered above 1.3300 level as the British currency found itself caught up in panic over a new COVID-19 variant described as the most concerning yet. Sterling has been falling in recent weeks in October it traded above $1.38 sent lower first by disappointment the BoE did not raise rates this month and more recently by worries over slowing economic momentum and growing expectations of tighter monetary policy in the United States, which has boosted the dollar.After falling to as low as $1.3278, sterling had recovered to $1.3333 in late US session. Immediate resistance can be seen at 1.3345(5DMA), an upside break can trigger rise towards 1.3399(50%fib).On the downside, immediate support is seen at 1.3312 (23.6%fib), a break below could take the pair towards 1.3255 (Lower BB).

EUR/USD Summaries 27 November 2021

EUR/USD: The euro rose against dollar on Friday after the discovery of a new, potentially vaccine-resistant coronavirus variant saw investors dump riskier assets like dollar. The market swings come against a backdrop of already growing concern about COVID-19 outbreaks driving restrictions on movement and activity in Europe and beyond.

European countries have expanded COVID-19 booster vaccinations and tightened curbs. Slovakia announced a two-week lockdown, the Czech government will shut bars early and Germany crossed the threshold of 100,000 COVID-19-related deaths.

The euro rose 1.01% to $1.1315. Immediate resistance can be seen at 1.1304(11DMA), an upside break can trigger rise towards 1.1322 (50%fib).On the downside, immediate support is seen at 1.1261(38.2 % fib), a break below could take the pair towards 1.1190(23.6%fib).




BINFXO BANK Account Management Pattern

in order to open investment relation with us you need to open FX trading account with one of our recommended brokers and our rules:

we don’t accept any investment account less than 5000$

any investment account less than 10000 $ will be mange via our main multi fund wallet which consists of small investments less than 10000$ and appears as one trading account for safety trading purpose

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A managed forex account consists of putting money in a forex account and having a professional trade those funds in the highly leveraged foreign exchange markets.

Managed forex accounts offer exposure to an asset class much different than stocks or bonds.

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What Is the Best Account Type for Forex?

The standard trading account is the most common. This account gives the user access to standard lots of currency each worth $100,000. (That does not mean that you have to put down $100,000 of capital in order to trade. The rules of margin and leverage mean that only $1,000 needs to be in the margin account for one standard lot to be traded.)

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How Does Account Management in Forex Work?

When you open a managed forex trading account, an account manager (or a team of traders) will trade your capital alongside other investors’ capital, buying and selling currencies. They have discretionary power over the funds: that is, they make the decisions and don’t consult you before they trade. They will usually charge a performance fee so they only get paid when they make you money.

Safety and Costs of Managed Forex Accounts

Foreign exchange markets are commonly used by sophisticated traders, who take advantage of an ability to handle large amounts of borrowed money to amplify their gains. They have more liquidity and trade at a much faster pace than do stock and bond markets—in fact, forex is the most active market in the world. And the fact that transaction costs on it are lower makes it a popular forum for those who enjoy the thrill of speculation.

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What Are Managed Forex Accounts?

A managed forex account is a type of currency trading account in which a professional money manager makes trades and transactions on a client’s behalf for a fee.

Individual investors who are not experts in foreign currencies but still want exposure to this asset class may consider a managed forex account.

Understanding Managed Forex Accounts

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