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The DAX index has posted gains in the Thursday session, continuing the upward trend seen on Wednesday. Currently, the index is at 12,284, up 0.54% on the day. On the release front, there are no major German or eurozone events. Eurozone consumer confidence is expected to post a decline of -2 for a second straight month. On Friday, Germany and the eurozone release manufacturing PMIs.

The US-China trade war ratcheted upwards this week, as the U.S. imposed 10% tariffs on some $200 billion worth of Chinese goods. Previous rounds of tit-for-tat tariffs have rocked the equity markets, but that hasn’t happened this time around. The DAX has shrugged off the news, gaining 1.8% this week. It is notable that German automakers, which could be hit hard by further tariffs, have posted strong gains on Thursday. BMW is up 1.24%, Daimler has risen 0.94% and Volkswagen has climbed 1.69%. Bank shares have also posted gains – Deutsche Bank is up 1.13% and Commerzbank has jumped 2.79%.

Why the calm reaction from German equity markets? Investors appear to have been ready for a move by Trump, and may be sighing in relief that the tariff was set at 10% rather than at 25%. One senior economist summed up Trump’s most recent salvo as “bad but manageable”. However, if the Chinese do indeed retaliate and the U.S takes further measures, this would likely shake up the currency markets and boost the U.S dollar.

The US Dollar appreciated 0.05% against the Japanese Yen since Wednesday's session. The currency pair was located near the monthly R1 at the 112.27 mark during Thursday morning hours.

In regards to the near future, most likely, the rate will surge upwards to fit back into the previously drawn trend-line by breaking the monthly R1 at the 112.27 mark using the support of the 55-hour SMA to surge to the weekly R1 at the 112.54 mark.

On the other side, the US Dollar may bounce off the monthly R1 at the 112.27 ignoring the support of the 55-hour simple moving average to trade near the 112.00 level.

Among different strategies for online trading special attention has been given to the idea of Short selling. You definitely heard “go short” phrase from traders during discussions or while studying the basics.

Short selling is used by traders when they can predict the depreciation of one currency. Let's say you know that the rate of a certain currency is going to fall and want to gain profit on this. In such case, you are just setting a sell order on a currency pair where a quote currency, in your opinion, will lose its value. If it does, after some time, you will close this order to make money. Let’s consider the example:

For example, you’re confident that the Canadian Dollar will fall in rate in the nearest future. Following that, you may pay attention to USD/CAD currency pair where the US Dollar is the base currency and the Canadian Dollar is the quote currency. USD/CAD price is 100.00. You click on the sell button, wait for a while for lowering the price. It finally reaches 98.00, just as you thought, so you close your trade. Simple calculus demonstrates that you earned 200 pips of profit by going short.

The main risks of short selling

However, as with other trading strategies, Short selling involved a risk of making a bad deal. What may go wrong is that despite your forecast the interest rate of a chosen currency raised. It is noteworthy that the value could keep rising without any limits to how far the value could rise. That is why traders are encouraged to put in stop-loss just to be safe.

Attractive approach for making money

It’s far easier sometimes to predict the rate of which currency is going to fall. You encounter with financial news, expert opinions or some interest rates’ trends of change almost every day, especially on crypto market. Take a look at Bitcoin, Ethereum, or other altcoins which had lost value threefold and more since the beginning of the year. Although rather than losing your money you could make some money only by using Short selling on Forex.

Trusted and appropriate Forex Broker

Far not every Forex Broker offers crypto trading on its accounts. At the same time, it’s very important to find a reliable one with good trading conditions. JustForex is one of the main brokers that provides traders the access to the foreign exchange market offering wide choice of trading instruments.

JustForex offers its clients to trade 13 cryptocurrency pairs including most popular and valuable cryptocurrencies for investors. Crypto accounts from JustForex have a wide range of cryptocurrencies to trade, competitive spreads from 0, up to 1:3 leverage. Minimum deposit is not required. By the way, cryptocurrency pairs are also available on Standard and ECN Zero accounts.

SNB lowered inflation forecast in 2019 by 0.1% to 0.8% today.  For 2020, inflation is projected to be at 1.2%, sharply lower than prior forecast of 1.6%. Some economists take that signals that SNB will wait a long time to change its monetary policy. And the first rate hike could be postponed towards 2020. That is, SNB could wait some more time after ECB starting to raise interest rates beyond summer 2019.

SNB Chairman Thomas Jordan told reports that "the franc has appreciated, which has also led to a tightening of monetary conditions." And, "that is also the main reason why our monetary policy must remain expansive."

The European Single Currency appreciated 0.33% against the US Dollar since Wednesday's session. On Thursday morning, the rate was surging upwards to the 38.20% Fibo and the weekly R1 at 1.1722 to trade at the 1.1694 mark.

In regards to the near-term future, the rate will continue to surge upwards to the 38.20% Fibo and the weekly R1 at 1.1722 mark. However, the resistance of the previously mentioned technical indicators will force the rate to trade sideways near the 1.6990 level.

On the other hand, the rate could break the resistance of the 38.20% Fibo and the weekly R1 at the 1.1722 mark to trade at the 1.1740 level during the day.

The British pound appreciated 0.43. % against the US Dollar since Wednesday's session. The currency exchange pair broke the resistances of the 50.00% Fibo, the weekly R1 at 1.3178 and the monthly R1 at 1.3185 due to UK retail sales data release which was released at 08:30 GMT on Thursday.

In the near-term future, most likely, the rate will bounce off the upper boundary of the medium ascending channel to stay trading into the pattern during the day.

On the other hand, the rate may break the medium pattern line due to the support of the monthly R1 at the 1.3185 mark to trade near the 1.3240 level.

The gold price appreciated 0.33% since Wednesday's trading session. On Thursday, the yellow metal was trading sideways near the 1,202.00 level.

The simple moving averages kept supporting the yellow metal since Wednesday's trading session. The gold is still waiting for the buy signals for traders to change the yellow metal low volatility.

In regards to the near-term future, it is expected that the buy signals will push the yellow metal to surge upwards to the 61.80 % Fibonacci retracement level at 1,2158.00 mark.

The NZD/CAD currency pair has been trading in a descending channel since mid-June. This descending channel has guided the currency pair toward March 2016 low level at 0.8509. The currency pair reversed from this low level a few days ago. Currently, the rate has breached the 50-hour simple moving average at 0.8559. The next level the exchange rate could target will be a resistance line formed by the 200-hour SMA at 0.8647. Although, a resistance cluster formed by the combination of the weekly and the 100-hour SMA at 0.8611 could hinder the currency exchange rate from hitting this target today.

Following up on Chinese Premier Li Keqiang's pledge to further reduce tariffs on Wednesday, it's reported that China is planning to cut average tariff rates on goods from the majority of its trading partners as soon as next month. Around 1500 consumer products lines could be included in the list. It is a follow up move to a similar tariff cut back in July on a number of consumer goods. So far, there is no official comments from the Ministry of Finance regarding the topic.

The act is seen as a tactic in the trade war with US that achieve multiple purposes. Firstly, domestic consumptions can be boosted. Secondly, it can should to the world that China is working on opening its markets and it's consistent with its own claim of advocating free trade. Thirdly, it's unsure how the cut in tariffs affect US goods as the so-called most favored nation rate also applies. But the act will certainly give extra incentive for Chinese consumers to buy more non-US products.

A three-month ascending channel pattern has guided the common European currency higher against the New Zealand Dollar. The currency pair bounced off the lower boundary of the channel on June 14 and had since reached October 2016, high level at 1.7847. Presently, the exchange rate is trading near the lower boundary of the three months ascending channel at 1.7592. From a technical point of view, a support cluster formed by the combination of the weekly pivot point and the 200-hour SMA at 1.7592 could provide significant support for the pair to reverse north and target a resistance level set by the weekly S1 and the 100-hour SMA at 1.7662. However, if this support line is unable to hold, a breakout through the bottom border of the channel pattern is a possibility within this session.