Post by account_disabled on Mar 9, 2024 22:29:08 GMT -5
Both ordinary traders and heads of state are investigating the makers of the forex market Many beginner traders start to believe in some forces driving the markets, when technical and (or) fundamental analysis tools do not work from time to time. Instead of remembering that trading is a process of probability , and if the rules and laws of analysis always worked, there would be no losers in the market (which is impossible), they call on market makers to be the reason. of their problems. It becomes the primary task to track down the manipulators and repeat their activities to make profits. This incorrect approach to the market usually results in confusing trading with some other activity.
Obviously, to operate Forex, in which $5 billion Mexico Mobile Number List worth of transactions are made daily , you need to have enormous financial resources in your pocket. And the events of 2018 show that even the president of the United States, who could have easily assembled a team of big banks, hedge funds and investment corporations, is failing to do so. His comments about the damage of the strong dollar and his discontent with Fed policy only lead to temporary weakness of the US dollar. The market continues to buy the dollar in its disbursements. On the other hand, Donald Trump is an ordinary person, and also, like many beginner traders, he tries to blame the manipulator for his failures. In the fall, markets have been actively debating whether the US Department of Finance will officially announce China as a currency manipulator.
Considering that the American president and members of his team periodically pay attention to the 9% devaluation of the yuan against the dollar, announcing China to deliberately weaken its local currency, I can assume that Steve Mnuchin is studying more closely the possibility of labeling China as a currency manipulator. To do this, according to the 2015 trade law, a country must meet three criteria: 1. Have a minimum trade surplus of $20 billion with the United States. 2. Have a surplus to GDP ratio of 3% or more. 3. Actively intervene in the life of the foreign exchange market. An active intervention is generally thought to be the intervention that covers 2% of GDP. Alas, but China can be called manipulative only according to point 1. The surplus of its foreign trade is constantly decreasing, and will not even reach 1% of GDP in 2023.