08/17 Market report
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
WCG Markets:2023-08-17
WCG Markets:2023-08-17
Stocks Pick of The Week - Inflation Data Alters Fed Expectations; Tech Sector Reacts
It appears that the market has made a decision: The relatively quiet inflation report for July has sparked expectations that the Federal Reserve may hold off on additional interest rate increases.
The US dollar is trading flat as Monday’s trading session gets underway
As the trading session begins on Monday, the US dollar is showing no significant movement. The currency gained momentum on Friday when US producer prices were reported higher than anticipated. Although the discrepancy was not sizeable, it continued the previous trend of producer price readings exceeding expectations, which was also observed during the minor Consumer Price Index increase disclosed on Thursday.
The Dollar’s Still Got the Groove
High US yields and increasing pressure on emerging market currencies continue to secure the US dollar's status as a sound safe haven. The focal point today will be whether the Chinese renminbi declines further following the unexpected rate cut imposed yesterday. It is anticipated that demand for the dollar will remain strong.
Japan stocks higher at close of trade; Nikkei 225 up 0.49%
Japan stocks were higher after the close on Tuesday, as gains in the Glass, Chemical, Petroleum&Plastic and Banking sectors led shares higher.
MHMarkets：Dollar pairs open up space on the upside, non-US currencies and precious metals are long and short, and US crude oil continues to be weak!
On Wednesday (August 16), spot gold narrowly oscillated during the Asian session, and is currently trading near $1904.84 per ounce. Overnight U.S. retail sales data was strong, fueling speculation that the Fed's interest rate hike cycle has not yet ended, so that gold prices continue to be under pressure. However, gold prices are still supported by the 1900 mark, the bulls still leave some opportunities.
MHMarkets：August 16, 2023 - Fundamental Reminder
On Tuesday, after the release of the super-expected "horror data", spot gold fell sharply to below the 1900 mark in the short term. Although the subsequent rebound and refresh the daily high, but the end of the day is still erased all the gains during the day, and finally closed down 0.31% at $1901.95 per ounce; spot silver trend is similar, and finally closed down 0.36% at $22.53 per ounce.
The US CPI data for July was better than expected The US dollar rebounded after an intraday correction Gold fell back, hovering on the $1,900 line
The US dollar index remained flat on Wednesday, after data showed that retail sales in the United States increased faster than expected in July.
08/16 Market report
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
Notification of US Stock Johnson & Johnson Change in the Contract
Please note that we will be setting close only for US stock Johnson & Johnson on 2023/08/17 since it is planning to do an exchange offer of Kenvue and we will not be giving out any Kenvue shares.
WCG Markets:2023-08-16
WCG Markets:2023-08-16
Introduction to the Forex Market
The Forex market plays a vital role in the global economy as it facilitates international trade and investment.
08/15 Market report
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
MHMarkets：The U.S. dollar edged higher and lower, non-U.S. currencies and precious metals went long and short, and U.S. crude oil shook to the downside!
On Tuesday (August 15) , spot gold was narrowly oscillating during the Asian session, and is currently trading near $1905.10 per ounce. U.S. Treasury yields and the U.S. dollar stayed high before the release of retail sales data, forming a pressure on gold prices.
MHMarkets：August 15, 2023 - Fundamental Reminder
On Monday, dragged by the higher dollar, spot gold fell below the 1910 mark, set a new low since July 6, and finally closed down 0.32% at $1907.51 per ounce; spot silver hit a low of 22.37 during the session, and then rebounded, and finally closed down 0.44% at $22.59 per ounce.
The US dollar hit the highest point in over a month on Monday Gold prices hit the lowest point in over a month Investors are waiting for new catalysts to determine the downside space
The US dollar hit its highest point in more than a month on Monday, as investors sought refuge due to concerns about the Asian economy, while traders prepared for possible intervention by the Japanese government, after the yen hit its lowest point since November. Gold prices have hit their lowest point in more than a month, and investors are waiting for new catalysts to judge the downside. Last week's US inflation data was mixed.
USD/JPY remains below 145.00 as BoJ provides limitless fixed-rate JGBs
The USD/JPY pair is currently trading below the significant level of 145.00, retreating from its year-to-date high during the Asian trading session. At present, the major pair hovers around 144.90, experiencing a marginal decline of 0.05% throughout the day.
USD/CHF Price Analysis: Struggles at 0.8800 amid mixed technical signals
On Monday's trading session, the value of USD/CHF experienced a slight increase. However, it was unable to maintain a mark above the 0.8800 figure, this could negatively impact the pair in the near future.
The art of diversification: how to improve your trading portfolio
The idea of diversification is to create a portfolio that includes multiple investments in order to reduce risk.
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