BRICS Countries Can Return to the Gold Standard
The BRICS (Brazil, Russia, India, China, South Africa) association is preparing to shift back to the gold standard. Industry specialists underline that the USA should be cautious as this move could significantly impact the United States Dollar (USD). This development could potentially herald the conclusion of the USD's reign as the world's primary reserve currency.
The dollar index dropped below 100 points for the first time since April 2022
The dollar index on Wednesday dropped below 100 points for the first time since April 2022.
Oil Report: Oil bulls shatter barrels
Oil’s prices continued to be on the rise over the past week, with the bullish sentiment being intense. In this report, we aim to shed light on the factors driving WTI’s price, assess its future outlook and conclude with a technical analysis.
First half of 2023 ends with a positive outlook
First half of 2023 ended with a positive outlook in the global economy, despite the high interest rates and discouraging speeches from the central banks of the US and Europe. In this article, we will see how various risk assets have performed above expectations, how Bitcoin has been behaving, and also how Apple recently reached historic stock prices.
Weekly News 2023/07/10-2023/07/14
Index / Stocks / Crypto / Metals / Commodity & Futures / Forex
Forex for Beginners: What’s the best way to learn Forex?
While forex trading has drawn a lot of attention over the years and become more accessible now than ever before, most beginners still lose money in the hopes of earning big profits quickly. When it comes to trading forex for beginners, understanding the basics is of utmost importance. Upon mastering the basics and honing your skills, it will be easier for you to dive into forex trading with confidence.
How Big Is the US Dollar Market and Which Countries Use USD?
The US dollar market is significant and plays a dominant role in global trade and finance. The USD is overwhelmingly the most frequently used currency in global trade, accounting for a large share of global trade invoices. In fact, several U.S. territories and other sovereign nations accept U.S. dollars as a primary or secondary currency alongside their local currencies. If you’re an enthusiastic forex trader, you're in for an epic ride centered around the dollar!
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Mai hui MHmarkets: July 14, 2023-MHM European Perspective
Spot gold traded in a narrow range on Friday (July 14) in Asia, trading near $1,958.70 per ounce. Although US PPI data released overnight reinforced expectations that the Federal Reserve is near the end of its rate hike cycle, the dollar index hit a near 15-month low again, but Fed Governor Waller insisted that there will be two more rate hikes this year, Lent support to the dollar and gave gold bulls pause.
Mai hui MHmarkets: July 14, 2023 - Fundamental Reminder
On Thursday, spot gold hovered near a one-month high after data showed inflation cooled but the labor market remained tight, eventually ending up 0.17% at $1960.49 an ounce, a near one-month high. Spot silver rallied sharply, gaining for two straight days to end up 3.02 percent at $24.87 an ounce. The gold-silver ratio fell to a two-month low.
Investing Young: What Makes Forex Trading So Popular Among Youth?
Investing young in the financial markets can open you up to a world of opportunities. Among its vast expanse, the forex market stands as an enticing trading platform, captivating traders, entrepreneurs, and investors from across the globe — choosing it as their primary source of income. But what lies behind this phenomenon? Join us as we embark on a journey to unravel the reasons that make forex trading so appealing to young people!
Is Oil Trading The Fastest Way To Get Rich? How To Get Started?
Today, oil trading accounts for the majority of the world’s wealth. It cannot be overstated how much impact the oil industry has on the global economy, as it fulfills almost all of the world’s energy needs. It is also worth noting that oil is not only the most traded commodity in the world but also one of the most volatile!
STARTRADER and Trading.Live Successfully Host the 2023 Kuala Lumpur Financial Trading Seminar
News from Kuala Lumpur - STARTRADER and Trading.Live, prominent leaders in the trading market, recently organized a highly successful seminar in the city.
07/14 Market report
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
July 13, 2023-MHM European Perspective
Spot gold fluctuated at high levels in Asia on Thursday (July 13), trading around $1,957.53 an ounce. The dollar index and Treasury yields fell sharply this week after Federal Reserve officials signaled that the Fed was nearing the end of its rate hike cycle and June CPI data supported that view. It helped gold hit a new high since June 16 near 1962.18, but this position is right at the 55-day average and 38.2% of the 2079-1892 decline. Moreover, the Fed is still widely expected to raise interes
Mai hui MHmarkets: July 13, 2023 - Fundamental Reminder
On Wednesday, signs of cooling US inflation boosted hopes that the Federal Reserve may end its rate hike cycle sooner than previously expected.
Rollover Notification in July
Please refer to the table below, for the rollover date of our futures on the trading system during July, 2023. Please note that the date and time may be subject to change.
07/13 Market report
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
USD Index Falls After CPI Data Release
The USD Index has reached its lowest level of the year following the unanticipated decline in Core CPI data, which fell short of expectations. It remains uncertain whether the price will find stability at this annual low or if the weakness of the USD will persist.
US Dollar analysis ahead of pivotal CPI reading
The US Dollar Index (DXY) has closed its fourth consecutive day in the red, reaching levels last seen in early May 2023.
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