[KOL Analysis]Corrective move until 1645-Fanny Arianti Arief

Corrective move until 1645

The dollar strengthened again, waning optimism that the corona virus crisis may be nearing its peak and investors remain worried about the impact of the pandemic on the economy. The dollar also strengthened, although the US stock market gained overnight. US officials have warned their citizens about the alarming number of deaths from the corona virus this week. Meanwhile, in its minutes yesterday, the Fed expressed fears that the rapid spread of the corona virus outbreak would endanger the US economy and disrupt financial markets, prompting them to take decisive action. The dollar index gained 0.16% to 100.12.

The euro weakened against the dollar after Eooa's finance ministers failed to agree on economic support for countries affected by the corona virus. EUR / USD weakened 0.28% to $ 1.0858. While the ausie managed to rebound, erasing previous losses after the S&P rating agency cut its country's AAA debt rating from stable to negative.

Gold prices moved flat yesterday after Wall Street gained, although the number of deaths from the corona virus in the US continued to increase. Anthony Fauci, director of the National Institute of Allergy told Fox News that the US is currently preparing for a bad week for death, but the start of a turnaround will emerge after this weekend. Gold futures on COMEX rose 0.6% to $ 1684.30. While the Dow Jones index rose 780 points, or about 3.4%.

Oil prices rose about 6% yesterday after Algeria suggested that later in the OPEC meeting it was expected to cut production to a large extent near 10 million bpd. OPEC + is scheduled for a virtual meeting on Thursday to discuss production cuts to cope with the demand for reduced 20 to 30 million bpd due to the Covid-19 pandemic. The G-20 oil ministers will also hold a meeting on Friday on the same topic, where US Secretary of Energy Dan Brouillete will represent the United States (US). Meanwhile, US oil production is expected to have dropped to 12.4 million bpd last week from 13 million bpd, according to EIA. In a separate report EIA also estimated US production averaged 11.8 million bpd by 2020, adjusting to the reduced demand caused by the corona virus crisis. Analysts predict that Brouillete will use the data as evidence and US contribution in production cuts. The price of WTI oil rose 6.2% to $ 25.05, while Brent oil gained 3% to 32.84.

Asian stocks are expected to rise today after Wall Street rose overnight amid hopes that the corona virus pandemic will peak and the government will launch further stimulus measures. In today's trading, the Hong Kong futures index rose and Australian shares have the potential to rise. The Nikkei index traded above the previous day's close.

Author：Fanny Arianti Arief

Profile:

Fanny has started her self-learning of Forex since 2005 and has joined an Indonesian broker as a financial consultant in 2009. Through “trial and error”, she has learnt a lot from failure experiences. She is now a renowned trainers for the forex beginners and has helped the clients to get the profits from trade.

WikiFX App is a third-party inquiry platform for company profiles.WikiFX has collected 17001 forex brokers and 30 regulators and recovered over 300,000,000.00 USD of the victims.

It, possessed by Wiki Co., LIMITED that was established in Hong Kong Special Administrative Region of China, mainly provides basic information inquiry, regulatory license inquiry, credit evaluation for the listed brokers, platform identification and other services. At the same time, Wiki has set up affiliated branches or offices in Hong Kong, Australia, Indonesia, Vietnam, Thailand and Cyprus and has promoted WikiFX to global users in more than 14 different languages, offering them an opportunity to fully appreciate and enjoy the convenience Chinese Internet technology brings. WikiFXs social media account as below:

Facebook:

Singapore Area：https://www.facebook.com/wikifxsingapore/

USA Area：https://www.facebook.com/WikiFX.US

Nigeria Area：https://www.facebook.com/WikiFX.ng

LinkedIn:

Nigeria Area：https://www.linkedin.com/company/31506916/admin/

Twitter：

Nigeria Area：https://twitter.com/WikiFX_NG

Wiki Fair Forum Function:

In order to help more investors, WikiFX has launched the “Wiki Fair” forum, which aims to provide urgently needed and professional services to Nigerian forex investors.

The exposure function of “Wiki Fair” includes the following features:

1: Allow investors who have been defrauded by illegal broker to complain directly in the forum (as shown in the screenshots)

As long as there is sufficient evidence, a review panel and an executive team will contact the broker to discuss the complaint or expose it directly through the media. Here are the exposure channels:

2: Block low score brokers from entering the forum

3: Monitor suspicious communication in real time, and directly spot and deal with suspicious fraud;

4: Negotiate with highly reliable brokers selected by WikiFX in the secure environment of Wiki Fair.

WikiFX APP exposure channel: https://www.wikifx.com/ng_en/download.html

Information page to understand forex scam and exposure channel: https://activities.wikifx.com/

Website exposure channel: https://exposure.wikifx.com/ng_en/revelation.html

More details about how to download WikiFX App:

Please download WikiFX APP from links below or scan QR code ：

iosAppStore: https://apps.apple.com/us/app/fxeye/id1402501387？l=zh&ls=1

Googleplay: https://play.google.com/store/apps/details？id=com.foreigncurrency.internationalfxeye

If you have any questions, please feel free to contact us at wikifx@wikifx.com