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[Vlad RF]

AUD/USD: Analysis of the Current Trend and Expert Forecasts for 2024

Dear Clients and Partners,​

AUD/USD is one of the key currency pairs in the international foreign exchange market. On 1 February 2024, we examined the primary factors influencing the pair’s exchange rate, analysed its price performance in 2023, and explored expert forecasts for 2024.

Overview of the AUD/USD currency pair

AUD/USD is one of the key currency pairs in the international foreign exchange market. On 1 February 2024, we examined the primary factors influencing the pair’s exchange rate, analysed its price performance in 2023, and explored expert forecasts for 2024.

Trading characteristics of the AUD/USD pair

• Trading hours: The pair is traded round the clock except for weekends, with the highest activity observed during the Pacific, Asian, and American trading sessions
• Volatility: AUD/USD is characterised by moderate volatility, with average daily fluctuations ranging from 500 to 700 pips. However, during times of crises and stock market swings, volatility may increase to 1,000-2,000 pips per day for a short time
• Spread: thanks to high liquidity and moderate volatility, the spread for AUD/USD is minimal, often less than 10 pips in popular ECN accounts

Key factors influencing the AUD/USD quotes

The Reserve Bank of Australia’s monetary policy

The Reserve Bank of Australia has been tightening its monetary policy to combat inflation since May 2022, raising the key rate from 0.1% in April 2022 to 4.35% in November 2023. Subsequently, the regulator paused to assess the dynamics of inflation rates, keeping the indicator unchanged. In its policy, the central bank aims to reduce the inflation rate to the target range of 2-3%.

The Q4 2023 consumer inflation report released on 31 January 2024 showed a decrease in the indicator to 4.1%. It is worth noting that the reading was 5.3% in Q3. According to the Reserve Bank of Australia's estimates, the inflation rate is decreasing and is projected to return to the 2-3% target in 2025.

The US Federal Reserve’s monetary policy

The US Federal Reserve is also combatting inflation by tightening monetary policy, with the regulator aiming to decrease the indicator to 2%. From the beginning of 2022 to July 2023, the interest rate has gradually risen from 0.25% to 5.5%, significantly impacting the exchange rate of the US dollar, which has strengthened markedly against many world currencies.

The inflation rate is gradually decreasing thanks to monetary tightening, and high interest rates exert pressure on the US economy. Consumer inflation (CPI) was down to 3.4% in January 2024. At its latest meeting on 31 January 2024, the Federal Reserve left the interest rate unchanged at 5.5%, with the regulator’s officials noting that they are ready to cut the rate if inflation steadily slows down.

Dynamics of prices for natural resources

Despite being relatively young, Australia’s economy holds a prominent position in the global rankings. The country is rich in diverse natural resources, including gold, iron ore, diamonds, minerals, uranium, and coal deposits. The export of these resources plays a pivotal role in bolstering government revenue. Therefore, an upswing in the global prices of commodities like iron ore, industrial metals, gold, silver, and coal contributes to strengthening the Australian dollar exchange rate and fuels the growth of the AUD/USD currency pair.

Conversely, a decline in the prices of natural resources, often triggered by a global economic crisis, results in a decrease in the Australian dollar exchange rate and the AUD/USD quotes. It is worth noting that the AUD/USD currency pair is correlated with the price of gold. Rising gold prices usually contribute to strengthening the Australian dollar and driving up the pair’s exchange rate. In contrast, a decline in gold quotes is commonly followed by a drop in the Australian currency exchange rate and the pair’s quotes.

How to Trade AUD/USD

• Trading based on fundamental analysis. This method relies on examining significant factors such as economic statistics, expectations of central bank interest rate changes, and current trends in global stock, currency, and commodity markets. It is usually applied in the long term, where positions can be held from several weeks to a year or more
• Trading based on technical analysis. This method relies on carefully studying and analysing the currency pair's chart. This approach employs classical technical analysis using trendlines, price patterns, support and resistance levels, proprietary methodologies, candlestick combinations, Price Action patterns, and more. Trading using technical analysis tools is generally for the medium or short-term
• Trading based on indicator signals. This approach makes trading decisions based on signals from various technical indicators. The direction of trading, entry and exit points from positions are determined based on signals from one or several indicators. These signals can be used to automate trading with the help of special programs, such as trading advisors

Read more at R Blog - RoboForex

Sincerely,
The RoboForex Team

 

[Vlad RF]

RoboForex: upcoming changes to the trading schedule (Presidents' Day in the US)

Dear Clients and Partners,​

Please note the upcoming adjustments to the trading schedule.

Holiday: Presidents' Day in the US
Dates: 19/02/2024 - 20/02/2024

This schedule is for informational purposes and may be subject to further amendments.

MetaTrader 4 / MetaTrader 5 platforms

Schedule for trading on CFDs on Metals (XAUUSD, XAGUSD) and CFDs on oil (Brent, WTI)

• 19/02/2024 – trading stops at 7:40 PM server time
• 20/02/2024 – trading as usual

Schedule for trading on CFDs on US indices (US30Cash, US500Cash, USTECHCash) and CFD on the Japanese index JP225Cash

• 19/02/2024 – trading stops at 7:40 PM server time
• 20/02/2024 – trading as usual

Schedule for trading on CFDs on US stocks

• 19/02/2024 – no trading
• 20/02/2024 – trading as usual

Schedule for trading on CFDs on US futures

• 19/02/2024 – no trading
• 20/02/2024 – trading as usual

R StocksTrader platform

Schedule for trading on US stocks and ETFs

• 19/02/2024 – no trading
• 20/02/2024 – trading as usual

Schedule for trading on CFDs on US stocks and ETFs

• 19/02/2024 – no trading
• 20/02/2024 – trading as usual

Schedule for trading on CFDs on US indices (US500, US30, NAS100), CFDs on Metals (XAUUSD, XAGUSD), and CFDs on oil (WTI.oil, BRENT.oil)

• 19/02/2024 – trading stops at 7:40 PM server time
• 20/02/2024 – trading as usual

Schedule for trading on CFDs on US futures

• 19/02/2024 – no trading
• 20/02/2024 – trading as usual

Please take note of the above amendments to the trading schedule as you plan your trading activity.

Sincerely,
The RoboForex Team

 

[Vlad RF]

RoboForex upgrades the web platform and R StocksTrader app

Dear Clients and Partners,​

RoboForex has rolled out a major update to R StocksTrader, an innovative web platform and mobile trading application. Here is an overview of the updates and functionalities now available.

1. 940+ new stocks, including well-known companies across various industries

Technology and Software

• ANSS.nq (ANSYS Inc.)
• EPAM.ny (EPAM Systems Inc.)
• FIS.ny (Fidelity National Information Services)

Real Estate and Infrastructure

• AON.ny (Aon plc)
• BXP.ny (Boston Properties Inc.)
• CPT.ny (Camden Property Trust)

Healthcare

• DGX.ny (Quest Diagnostics Incorporated)
• GEHC.nq (General Electric Healthcare)
• LH.ny (LabCorp)

Manufacturing and Industrial

• CARR.ny (Carrier Global Corporation)
• EMN.ny (Eastman Chemical Company)
• GNRC.ny (Generac Holdings Inc.)

Financial Services

• RJF.ny (Raymond James Financial Inc.)
• WRB.ny (W. R. Berkley Corporation)

Materials and Mining

• SSRM.nq (SSR Mining Inc.)
• WPM.ny (Wheaton Precious Metals Corp.)

2. Introducing Dividends on CFDs on Indices

Dividends on CFDs on indices are now available, offering you even more opportunities for successful investing and trading.

If you hold a long position, you'll receive a dividend adjustment credited directly to your trading account. Conversely, if you hold a short position, a dividend adjustment will be deducted from your trading account. In both cases, the adjustment is calculated based on the dividend amount and the number of contracts held.

Access a detailed calendar of upcoming dividends directly in R StocksTrader.

3. In-depth financial news and improved analytics

Get updates on both technical and fundamental aspects of the companies you invest in:

• Latest general news, company press releases, and global financial market coverage (sources include Reuters, Bloomberg, Forbes, Financial Times, BBC, Barchart, etc.)
• Quarterly, annual, and other mandatory regulatory/SEC reports for publicly traded US companies

4. "Trade Window" update in the mobile app

Order tab:

• Improved mini-graph with enhanced accuracy and quick filters for period selection
• Information on trading session timings, reasons for trading unavailability, Commission, and Free Margin
• Users can input the Order Margin amount for orders in addition to the Volume
• Take Profit, Stop Loss, and Expiration fields for pending orders are hidden by default
• Clarified error messages for order placement and rejection

Details tab: additional information such as a company description, contract specifications, trading conditions, and time.
News tab: news related to the trading instrument was added.

Added modal windows for:

• "Order Confirmation" – to review and confirm final Volume, Cost, Conversion, and Order Margin.
• "Order Status" – to receive notifications about the executor's status and details of a successful or cancelled order.

Trade on popular global platforms and invest in more than 12,000 instruments from a single account in R StocksTrader!

Open Trading Account

App Store | Google Play​

Sincerely,
The RoboForex Team

 

[Vlad RF]

Foreign Currency Trading 2024: What to Expect

Dear Clients and Partners,​

On 8 February 2024, we examined how the exchange rates of the leading world currencies had changed in 2023 and discussed the key factors that will impact their performance in 2024. Additionally, we shared short and medium-term expert forecasts for the major currency pairs.

The strongest and weakest currencies in 2023

In 2023, many central banks were actively fighting inflation, resulting in relatively high volatility in the currency market. According to Visual Capitalist, the Mexican peso (MXN) saw an impressive increase last year, appreciating 14.8% against the US dollar (USD). This development occurred amid aggressive interest rate hikes by Mexico’s central bank. When writing, the interest rate was 11.25%.

The Swiss franc (CHF) also demonstrated steady growth of 9.8% due to geopolitical turbulence. The British pound (GBP), Canadian dollar (CAD), and euro (EUR) strengthened moderately within the range of 2-5% by year-end due to the interest rate hike policy pursued by the central banks.

The Australian dollar (AUD), New Zealand dollar (NZD), and Indian rupee (INR) ended the year with little to no changes, declining slightly by −0.1%, −0.5%, and −0.5%, respectively. The Chinese yuan (CNY) slid moderately by 2.8% in 2023.

The worst-performing currencies of the year were the Japanese yen (JPY), Russian ruble (RUB), and Turkish lira (TRY), which dropped by 7%, 17.5%, and 36.6%, respectively. The low-rate policy influenced the yen; the ruble is under pressure from the sanctions imposed following the onset of full-fledged war in Ukraine, and the lira is struggling due to domestic political and economic challenges.

The US Dollar Index (DXY), showing changes in the US currency value against a basket of the world’s major currencies, ended 2023 with a 2.0% decline.

Key factors influencing currencies in 2024

Inflation and central bank policy

The critical factor affecting exchange rates over the last two years was multiple central banks' aggressive interest rate hike cycles to combat inflation. The US regulator initiated these actions in Q1 2022, with the indicator increasing to 5.5% in less than two years.

Most of the world’s developed countries experienced monetary policy tightening to a similar extent. The Bank of England began to raise the interest rate at the end of 2021, a couple of months before the Federal Reserve, with the rate in the UK reaching 5.25% following 14 consecutive hikes. The European Central Bank began to increase the interest rate in mid-2022, pushing it up to 4.5%.

The central banks of Australia, Canada, and other countries followed suit, while the Bank of Japan was practically the only one among the most prominent regulators to pursue an adaptive zero-interest rate policy. This approach dominated the world for the first two years after the beginning of the COVID-19 pandemic.

US elections

Historically, the US dollar exchange rate tends to rise under Democratic presidents and decline under Republicans. Therefore, the currency market becomes especially volatile in the face of uncertainty surrounding upcoming presidential elections in the US, as stated by Business Insider analysts. This event will determine not only the US policy but also the US dollar exchange rate against other currencies.

Donald Trump is expected to become the leading nominee from the Republican party, having won the primaries in the coming months. He will face incumbent Democratic President Joe Biden in a tightly contested election. Their rematch, accompanied by heated rhetoric and the potential for social conflict, may affect investor sentiment and currency markets. Trump is committed to higher tariffs, which will push up inflation and increase the US dollar exchange rate, putting the Chinese yuan, euro, and Mexican peso under pressure.

Trends in the global economy

The International Monetary Fund projects that global economic growth will remain at 3.1% in 2024 and rise to 3.2% in 2025. Higher rates and a withdrawal of fiscal support amid high debt exert pressure on economic activity.

In most regions, the inflation rate is slowing down faster than expected amid unwinding supply-related issues and restrictive monetary policy. Global inflation is projected to fall to 5.8% in 2024 and 4.4% in 2025, with the outlook for the next year being revised downwards.

Read more at R Blog - RoboForex

Sincerely,
The RoboForex Team

 

[Vlad RF]

RoboForex: important information in view of Walmart's stock split on 26 February 2024

Dear Clients and Partners,​

On 26 February 2024, Walmart will have its stocks go through a split. A stock split is a corporate action, as a result of which the company increases the number of issued shares by a specific multiplier and reduces the value of each share by the same multiplier.

Walmart will conduct a 3-for-1 stock split (1 share will be split into 3).

How will this affect positions and orders?

If you have open positions in Walmart shares or plan to open such positions, please pay attention to the following changes, which will be effective as of 26 February 2024:

MetaTrader 4 / MetaTrader 5 accounts

The split procedure will take place on 26 February and will be completed prior to the US Stock session's start at 16:30 hours (server time).

• All pending orders (Buy Limit, Buy Stop, Sell Limit, Sell Stop, Buy Stop Limit, Sell Stop Limit, Stop Loss, and Take Profit) in WMT will be cancelled.
• For positions in WMT, the opening price will be divided by 3.
• The volume of each open position in WMT will be multiplied by 3.

Please note that if you are using an Expert Advisor (EA), we suggest that you check with its developers whether its code needs any modifications to ensure the correct interpretation of the price data after the stock split.

R StocksTrader accounts

The split procedure will take place on 26 February and will be completed prior to the US Stock session's start at 16:30 hours (server time).

• During the split procedure, all active pending orders (Buy Limit, Sell Limit, Stop Loss, and Take Profit) in WMT and WMT.ny will be cancelled.
• For positions in WMT and WMT.ny opened before the split, the opening price will be divided by 3.
• The volume of all open positions in WMT and WMT.ny will be multiplied by 3.
• All positions in any of these instruments in the same direction and on the same account will be combined into one new position. This new position will have the opening price and a volume based on an average weighted price of all positions held before the split.

The historical charts in your trading terminal will be updated to reflect the new prices of the above-mentioned instruments.

All other aspects of trading conditions shall remain intact. Please take this information into account when planning your trading activity.

Sincerely,
The RoboForex Team

 

[Vlad RF]

Join the “$1,000,000 to RoboForex partners” 2024 promotion

Dear Clients and Partners,​

Let us remind you that all RoboForex partners can participate in our grand promotion and win cash prizes.

Don't miss out on your chance to win big with RoboForex! Our Partner program is offering an incredible opportunity for outstanding results. With up to $15,000 up for grabs every month, the rewards are unmatched.

Step into the world of RoboForex Partners – where success is not just a goal, but a thrilling journey. With commissions that speak volumes and an exciting chance to win cash prizes from June 2023 to March 2024.

Winners will be decided by the market. We've chosen the top US stocks and crafted 60 winning combinations using the closing prices of leading US stocks on the first Friday of each month. Participants whose coupon numbers align closest with these combinations will emerge victorious.

Earn with RoboForex and receive prizes!

I want to take part!​

Sincerely,
The RoboForex Team

 

[Vlad RF]

The RoboForex partners promotion with cash prizes worth $1,300,000 has started!

Dear Clients and Partners,​

The RoboForex Partners promotion offers an exciting opportunity for all our partners to attempt to win a share of $1,300,000 in cash prizes. This promotion starts on 1 May 2024 and will run for 13 consecutive months, giving partners ample chances to participate and win big.

780 cash prizes worth $1,300,000

Promotion Details​

How to participate​

More about the RoboForex Partners program

The higher your commission, the more chances to win!

Partners can earn up to 31 Member Coupons each month, with the number of Coupons earned depending on the amount of partner commission received during the month. Don't miss the chance to be part of this exciting promotion and be in the
running to win big!

Become a Partner | Check My Commission​

Sincerely,
The RoboForex Team

 

[Vlad RF]

RoboForex: upcoming changes to the trading schedule (the Memorial Day in the US and the Late May Spring Bank Holiday in the UK)

Dear Clients and Partners,​

Please note the upcoming adjustments to the trading schedule.

Holiday: the Memorial Day in the US and the Late May Spring Bank Holiday in the UK
Dates: 27/05/2024 - 28/05/2024

This schedule is for informational purposes and may be subject to further amendments.

MetaTrader 4 / MetaTrader 5 platforms

Schedule for trading on CFDs on US indices (US30Cash, US500Cash, USTECHCash) and CFD on the Japanese index J225Cash

• 27/05/2024 – trading stops at 7:40 PM server time
• 28/05/2024 – trading as usual

Schedule for trading on CFDs on Metals (XAUUSD, XAGUSD) and CFDs on oil (Brent, WTI)

• 27/05/2024 – trading stops at 7:40 PM server time
• 28/05/2024 – trading as usual

Schedule for trading on CFDs on US stocks

• 27/05/2024 – no trading
• 28/05/2024 – trading as usual

R StocksTrader platform

Schedule for trading on US stocks, ETFs, CFDs on US stocks and ETFs

• 27/05/2024 – no trading
• 28/05/2024 – trading as usual

Schedule for trading on CFDs on US indices (US500, US30, NAS100) and the Japanese index JPY225

• 27/05/2024 – trading stops at 7:40 PM server time
• 28/05/2024 – trading as usual

Schedule for trading on CFD on the UK100 index

• 27/05/2024 – no trading
• 28/05/2024 – trading as usual

Schedule for trading on CFDs on UK Stocks

• 27/05/2024 – no trading
• 28/05/2024 – trading as usual

Schedule for trading on CFDs on Metals (XAUUSD, XAGUSD) and CFDs on oil (WTI.oil, BRENT.oil)

• 27/05/2024 – trading stops at 7:40 PM server time
• 28/05/2024 – trading as usual

Please take note of the above amendments to the trading schedule as you plan your trading activity.

Sincerely,
The RoboForex Team

 

[Vlad RF]

RoboForex: upcoming changes to the trading schedule (the Juneteenth Holiday in the US)

Dear Clients and Partners,​

Please note the upcoming adjustments to the trading schedule.

Holiday: the Juneteenth Holiday in the US
Dates: 19/06/2024

This schedule is for informational purposes and may be subject to further amendments.

MetaTrader 4 / MetaTrader 5 platforms

Schedule for trading on CFDs on US indices (US30Cash, US500Cash, USTECHCash) and CFD on the Japanese index J225Cash

• 19/06/2024 – trading stops at 7:40 PM server time
• 20/06/2024 – trading as usual

Schedule for trading on CFDs on Metals (XAUUSD, XAGUSD, XAUEUR) and CFDs on Oil (Brent, WTI)

• 19/06/2024 – trading stops at 7:40 PM server time
• 20/06/2024 – trading as usual

Schedule for trading on CFDs on US stocks

• 19/06/2024 – no trading
• 20/06/2024 – trading as usual

Schedule for trading on CFDs on US futures

• 19/06/2024 – trading stops at 7:40 PM server time
• 20/06/2024 – trading as usual

R StocksTrader platform

Schedule for trading on US stocks, ETFs, CFDs on US stocks and ETFs

• 19/06/2024 – no trading
• 20/06/2024 – trading as usual

Schedule for trading on CFDs on US indices (US500, US30, NAS100) and the Japanese index JPY225

• 19/06/2024 – trading stops at 7:40 PM server time
• 20/06/2024 – trading as usual

Schedule for trading on CFDs on US futures

• 19/06/2024 – trading stops at 7:40 PM server time
• 20/06/2024 – trading as usual

Schedule for trading on CFDs on Metals (XAUUSD, XAGUSD) and CFDs on oil (WTI.oil, BRENT.oil)

• 19/06/2024 – trading stops at 7:40 PM server time
• 20/06/2024 – trading as usual

Please take note of the above amendments to the trading schedule as you plan your trading activity.

Sincerely,
The RoboForex Team

 

[Vlad RF]

RoboForex: upcoming changes to the trading schedule (the Independence Day in the US)

Dear Clients and Partners,​

Please note the upcoming adjustments to the trading schedule.

Holiday: the Independence Day in the US
Dates: 03/07/2024 - 04/07/2024

This schedule is for informational purposes and may be subject to further amendments.

MetaTrader 4 / MetaTrader 5 platforms

Schedule for trading on CFDs on US indices (US30Cash, US500Cash, USTECHCash) and CFD on the Japanese index J225Cash

• 03/07/2024 – trading stops at 7:40 PM server time
• 04/07/2024 – trading stops at 7:40 PM server time
• 05/07/2024 – trading as usual

Schedule for trading on CFDs on Metals (XAUUSD, XAGUSD, XAUEUR) and CFDs on Oil (Brent, WTI)

• 03/07/2024 – trading stops at 7:40 PM server time
• 04/07/2024 – trading stops at 7:40 PM server time
• 05/07/2024 – trading as usual

Schedule for trading on CFDs on US stocks

• 03/07/2024 – trading stops at 8:00 PM server time
• 04/07/2024 – no trading
• 05/07/2024 – trading as usual

Schedule for trading on CFDs on US futures

• 03/07/2024 – trading stops at 8:00 PM server time
• 04/07/2024 – no trading
• 05/07/2024 – trading as usual

R StocksTrader platform

Schedule for trading on US stocks, ETFs, CFDs on US stocks and ETFs

• 03/07/2024 – trading stops at 8:00 PM server time
• 04/07/2024 – no trading
• 05/07/2024 – trading as usual

Schedule for trading on CFDs on US indices (US500, US30, NAS100) and the Japanese index JPY225

• 03/07/2024 – trading stops at 7:40 PM server time
• 04/07/2024 – trading stops at 7:40 PM server time
• 05/07/2024 – trading as usual

Schedule for trading on CFDs on US futures

• 03/07/2024 – trading stops at 8:00 PM server time
• 04/07/2024 – no trading
• 05/07/2024 – trading as usual

Schedule for trading on CFDs on Metals (XAUUSD, XAGUSD, XAUEUR) and CFDs on oil (WTI.oil, BRENT.oil)

• 03/07/2024 – trading stops at 7:40 PM server time
• 04/07/2024 – trading stops at 7:40 PM server time
• 05/07/2024 – trading as usual

Please take note of the above amendments to the trading schedule as you plan your trading activity.

Sincerely,
The RoboForex Team