Hello, This is Yasser Alaa, and today I will share with you some events happened at the Forex Market.
I will Pick the Most famous Forex Pairs and stocks.
I will try to get straight to the point, and present a nice material that you enjoy reading.
EURUSD
The pair dropped from the High of the day, which it was 1.07731 to 1.06185, and this is about 154 pip, and this happened because of the EURO interests rate, it was fixed at 0.00%, we also had the deposit facility rate fixed at -0.50.
the fundamental data came from the EURO Area And the USD Bond yield soaring shaped this 154 pip drop.
GBPUSD
AT the end of Tokyo session, the pair went up by 103 pip, then at the beginning of London session, the pair corrected by 50 Pips, and then skyrocket 115 PIP within Just 3 hours!
there was no clear reason for the strength of the British Pound, except it is safe to say that the Pound used to make a good gains in such a circumstances.
then after NewYork session opened, the USD Got a good push from the Bond yield and the pair was pushed down gradually.
Tesla
The Tesla stock made a 5.37% profit at the opening ( A gab candle), and that because the announcement came from China, the production rat in May was up 212%.
AliBaba
The stock Lost about 10%, and that's because China has denied the reports of resuming the Listing of ANT group.
This was the major pairs and stocks, If there is any Forex pair or a stock you interested in, Please leave me a comment and I will do my best.
Yours, Yasser Alaa.
What's next for Alibaba? I'm a stockholder.
I expect it to recover by tomorrow or the day after.
Generally after the dust of the Euro data sattled.
Good luck with your investment.
Thanks!
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Oh boy this is getting better
👯💃👯💃👯💃
I am holding on to both alibaba and tesla. Still in the loss for alibaba.