Learn To Trade Forex • Best Forex Trading Course • AsiaForexMentor

Put an end to your quest of hunting for forex courses or coaches, there will be a new one popping out every other week. If you are looking for the “Guru’s guru” “The Best in the Industry” “One of the World’s Best Forex Trader” – as testified by my students.

AFM Proprietary One Core Program
EN
  • DE - Deutsch
  • EN - English
  • FR - Français
  • Who is Asia Forex Mentor
  • Blog
  • Vlog
  • AFM Proprietary Program
  • Reviews
  • Who is Asia Forex Mentor
  • Blog
  • Vlog
  • AFM Proprietary Program
  • Reviews
Spot Gold Hits Record on Concerns Over U.S. Debt Ceiling Problems
2 Comments
CLAIM YOUR FREE 30-MINUTE STRATEGY SESSION (Be quick! FREE Spots Are Almost Gone For This Month)

Spot Gold Hits Record on Concerns Over U.S. Debt Ceiling Problems

First trading day of the week and gold spot is climbing higher investors’ concern over U.S. debt ceiling negotiations. Spot Gold has been rallying since investors’ concerns fueled by the uncertainty in the eurozone and the U.S.
Last week the European Union leaders were gathered and they had agreed on a new deal to solve sovereign debt problems in the eurozone. Even though the financial markets’ first response was positive, the market participants still have doubts. They think that the problems have been solved for now but the long term problems still exist. In addition, EU leaders’ plan may trigger a default as the proposed bond exchange implies a 20% value loss for bondholders. Fitch says “An exchange that offers new securities with terms that are worse than the original contractual terms of the existing debt and where the sovereign is subject to financial distress constitutes a default event”.

Spot Gold Hits Record on Concerns Over U.S. Debt Ceiling Problems

Besides the package proposed by European leaders fail to tackle the underlying problems and generate stability in the eurozone. Another important question is whether this new plan is enough to solve the Greece’s debt problems. There is no sign of improvement in the Greek economy and economic experts see the austerity and privatization package’s measures as the only way to fend off an imminent bankruptcy.
Recent situation in the global economy is also affecting stock markets. Asian stock markets opened lower today. In the currency market, USD is mixed. Safe heaven currencies JPY and CHF are still strong against USD and EUR. The U.S. lawmakers’ failure to reach an agreement on the debt ceiling has been weighing on the markets. Even though it is unlikely that the U.S. will defaults, investors are still cautious. However if the negotiations don’t produce good results and U.S. lawmakers fail to raise the country’s debt limit before August 2, that would cause a big disappointment in the markets. The U.S. lawmakers have to unite and reach a deal on how to cut the deficit and raise the debt ceiling.

Spot Gold Hits Record on Concerns Over U.S. Debt Ceiling Problems

According to the latest report released by the Australian Bureau of Statistics, Australian producer prices rose 0.8% in the 2nd Q of the year. Forecasts were around 0.6%. Producer price index is an important data because it is a key measure of inflation and of course it can influence expectations for CPI (consumer price index). Economists say that increase in producer prices show that inflationary pressure is getting higher.
Spot Gold is also one of our trading vehicle in forex trading. Check out our online forex trading AFM winning Price ActionForex Course where i teach you the exact FULL Forex Trading System & Strategies that i personally use to be consistently profitable.
See you on the other side my friend,
Asia Forex Mentor
Ezekiel Chew
Asia #1 Forex Mentor
www.asiaforexmentor.com
HitLikeButton

asian stock market forex course forex trading gold spot live gold prices price action price for gold spot gold
« Previous
Next »
ezekiel chew asiaforexmentor
About Ezekiel Chew

Ezekiel Chew the founder and head of training at Asia Forex Mentor isn’t your typical forex trainer. He is a recognized expert in the forex industry where he is frequently invited to speak at major forex events and trading panels. His insights into the live market are highly sought after by retail traders.

Ezekiel is considered as one of the top forex traders around who actually care about giving back to the community. He makes six figures a trade in his own trading and behind the scenes, Ezekiel trains the traders who work in banks, fund management companies and prop trading firms.

GET THE PROPRIETARY ONE CORE PROGRAM (The same system I use to make 6 figures a trade with)

Related articles

No related photos.

5 PART SYSTEM TO MAKE REALLY BIG MONEY IN TRADING

FREE TRAINING

We have generated over millions of dollars via trading with the 5 part system outlined in this free training. Download it now before this page comes down or when I decide to stop mentoring.







About Ezekiel Chew
About Ezekiel Chew

Ezekiel Chew the founder and head of training at Asia Forex Mentor isn’t your typical forex trainer. He is a recognized expert in the forex industry where he is frequently invited to speak at major forex events and trading panels. His insights into the live market are highly sought after by retail traders.

Ezekiel is considered as one of the top forex traders around who actually care about giving back to the community. He makes six figures a trade in his own trading and behind the scenes, Ezekiel trains the traders who work in banks, fund management companies and prop trading firms.

GET THE PROPRIETARY ONE CORE PROGRAM
(The same system I use to make 6 figures a trade with)

Categories
  • Trading Know Hows
  • Forex Trading Strategies
  • Price Action Trading
  • Forex Trading Indicators
  • Forex for Beginners
  • Crypto
  • Stocks
  • Money
Related Posts

No related posts.

SERVICES

  • AFM Proprietary Forex Course
  • Golden Eye Group
  • Trade Rescue
  • Corporate Forex Training
  • Speak At Your Event

COMPANY

  • Who is Asia Forex Mentor
  • Asia Forex Mentor Reviews
  • Contact Us
  • Affiliate Program

RESOURCES

  • Forex Trading Strategies
  • Forex Blog
  • Forex Vlog
  • Download Trading Platform
  • Forex Position Size Calculator

6 Raffles Boulevard, #03-308, Singapore 039594
Whatsapp Text: +65 8786 8319

©2020 ASIA FOREX MENTOR. All Rights Reserved | Disclaimer – Terms of Use | Privacy Policy | Cookie Policy | Privacy Policy – Europe GDPR

  • English
  • French
  • German

Get Ezekiel Chew’s 5 Day Email Course on “How to be in the Top 10% league of Forex Traders”

100% Free – Delivered to your inbox

Subscribe to the most popular Forex Trading  blog online, join thousands of readers






Scroll to top