- Forex offers the possibility of high returns
- Diversification in your investment portfolio
- Forex trading offers both long and short opportunities
- Mulder FX is specialized in currency trading
- Minimum investment €100'000,-
- We have achieved very good results
- Clients have 24/7 access to their own account
The blow of March 16 still had a deep impact last week on the Forex market. Forex traders don't trade very much at this time and for sure not with high volume. They are currently on the sidelines. It's reflected in the EUR/USD movement throughout the week, moved between 1.4050 and 1.4250. It's reflected even more in the USD/JPY, 70-80 pips total activity in a whole week! The week before the movement was near seven times higher, nearly 500 pips.
Therefore not much to say about last week, it was a consolidation week and most traders licking their wounds after last week's extreme movements.
The return lost some percentages, but given the margin account and the number of open positions is not surprising, the equity dropped more than 50%, so every position has much more impact than last month.
Forecast next week
It sounds boring, but we still expect a relatively quiet week. There are some macro economic figures on the agenda, but it will have a little impact. Only when NFP (NonFarm Payroll) numbers are really good or worse than EUR/USD will move heavily. We expect a good number on the U.S. economy, the question is or the U.S. Dollar gaining ground. The possible rate hike by the ECB currently provides support for the euro.
