Australian Dollar Outlook Bearish Amid US Dollar Surge and China Woes
The Australian Dollar plummeted more than 3% against the US Dollar over the past week, dragging AUD/USD to its lowest level since July 21. A safe-hav…
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China lockdowns send Asia lower
Shanghai restrictions weigh on Asian equities The moody range-trading that has typified US equity markets in June continued overnight as Wall Stree…
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Risk warning
Before deciding to participate in the forex market, you should carefully consider your investment objectives, level of experience and risk appetite. Most importantly, do not invest money you cannot afford to lose.
There is considerable exposure to risk in any off-exchange foreign exchange transaction, including, but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or currency pair.
Moreover, the leveraged nature of Forex trading means that any market movement will have an equally proportional effect on your deposited funds. This may work against you as well as for you. The possibility exists that you could sustain a total loss of initial margin funds and be required to deposit additional funds to maintain your position. If you fail to meet any margin requirement, your position may be liquidated and you will be responsible for any resulting losses.
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