Daily Technical, Donald Trump, Forex Market and Binary Options Today we know that the USA economical decisions and policy can effect on all markets like stock markets, oil markets, gold or Forex markets. Well, when a decision can effect on Forex market, Binary Options traders are another Forex market. If you know the economic decisions, […]
Daily Technical, Donald Trump, Forex Market and Binary Options
Today we know that the USA economical decisions and policy can effect on all markets like stock markets, oil markets, gold or Forex markets.
Well, when a decision can effect on Forex market, Binary Options traders are another Forex market. If you know the economic decisions, you can open your Call or Put orders more wisely, When you are a Binary Options trader.
First, let’s look at the three important news
- Donald Trump is to announce $350bn arms deal with Saudi Arabia – one of the biggest in history source: http://www.independent.co.uk
- President Trump announced on Thursday that the United States would withdraw from the Paris climate accord. Also weakening efforts to combat global warming and embracing isolationist voices in his White House. It is argued that the agreement was a pernicious threat to the economy and American sovereignty.Source: https://www.nytimes.com
- On Monday, five countries in the region announced that they were forcing Qatar to choose: Its powerful neighbor Saudi Arabia, Egypt and at least three other Arab nations severed all ties with the country, escalating their accusations that the Qatari monarchy supported Sunni Islamist terrorism and Iranian designs on the region.
Those Arab nations, not only abruptly suspended diplomatic relations they had in the past, but also surprised many by cutting off the land, air and sea travel from Qatar. All but Egypt, which has 250,000 people working there, ordered their citizens to leave Qatar.
As you know, Saudi Arabia is in the war with Yemen and they sign the huge contract with the US to buy Arms. Before this contract, Donald Trump withdraws from the Paris climate Accord and after this contract 5 Arab countries stop their diplomatic relations with Qatar!
Qatar has the largest Oil sources. The USA has a negative trade balance and Saudi Arabia like increasing their Oil sources because they are the enemy of Iran….
If you look at these events in the Middle East and the world, you can understand the war in the Middle East is very probable… Well, what is the war effect on the Forex Market?
First, the gold price will go up and because the war is in the Middle East, the Oil price will have a lot of unpredictable Movement. But totally if Saudi Arabia Starts another war with Qatar (They are in a war with Yemen now) Qatar must sell more oil to buy arms for defending. Maybe the USA sells Arms to Qatar too! Then more Export for the USA means decreasing USA Currency value, increasing Gold price and we should see decreasing Oil price in futures.
If you are Forex trader or Binary Options trader, I recommend you to open long-term positions On GOLD.
Have a good trade.