US GDP Falls Short of Expectations and Inflation Rises: A Closer Look at the Numbers
Gross domestic product (GDP) in the United States represents the total aggregate output of the U.S. economy. It is important to keep in mind that the GDP figures, as reported to investors, are already adjusted for inflation.
UK Authorities to Ban Cold Calls for Financial Products Including Crypto
The U.K. government is set to ban cold calls to sell financial products, including crypto, in order to tackle fraud and scams. The reported value of U.K. cryptocurrency fraud has risen 32% and the government is introducing a National Fraud Squad with 400 new posts to help investigate crypto-related crime.
Uber shares surge after Q1 report!
Shares in Uber Technologies Inc (NYSE:UBER) spiked in premarket U.S. trading on Tuesday after the ride-hailing company posted better-than-expected revenue in the first quarter.
U.S. FAA opens new direct plane routes ahead of summer travel
The Federal Aviation Administration (FAA) on Monday said it had activated 169 more direct routes along the U.S. East Coast ahead of the busy summer travel season. The direct routes will shave off 40,000 miles and 6,000 minutes of travel time annually, the FAA said.
Should you invest in Chinese assets?
In spite of being one of the largest and fastest growing economies in the world, we believe investors do not have enough exposure to Chinese equities, in particular onshore Chinese equities. We’ve found that the average international investor’s total China exposure is 4.6% of its total assets.
S&P 500 Trades Lower With Possible Recession On The Horizon, China's Economy Grows
The S&P 500 dipped and the Nasdaq ended sharply lower on Wednesday after a growing wave of weak economic data deepened worries that the Federal Reserve's rapid interest rate hikes might tip the U.S. economy into a recession.
Market Recap (April): Markets think peak Fed rates are in
Most global central banks may be either close to a peak or already done with interest-rate hiking, auguring a hiatus before possible monetary loosening comes into view.
GBP/USD PRICE ANALYSIS: THE PAIR BALANCES AT CRITICAL LEVELS
GBP/USD was trading in a narrower range of around 50 pips on Thursday having hit an 11-month high the prior day after the Federal Reserve raised rates but signaled an end to its tightening cycle is in sight. The technicals are left bullish, however, while on the front side of the weekly dynamic support line as the following will illustrate:
GBP renewed its highs. Overview for 04.05.2023
The GBPJPY pair continued the profit gaining, to notice forming correctional bearish rebound and approach the additional support at 169.00, while the contradiction between the major indicators allows us to expect surrendering to the domination of the sideways bias until gathering the required additional positive momentum to renew the positive action and achieve some gains by rallying towards 170.60 and 171.40 levels.
FOMC hikes rates but signals pause
The official non-manufacturing purchasing managers' index (PMI) stood at 56.4 versus 58.2 in March, according to data from the National Bureau of Statistics, above the 50-point mark that separates expansion and contraction in activity on a monthly basis.
Crude Prices Drop Further Before Expected Interest Rate Hikes
Oil prices fell 4% on Wednesday, extending steep losses from the previous session after the U.S. Federal Reserve raised interest rates and as investors fretted about the economy.
China non-manufacturing activity expands more slowly in April – official PMI
China’s non-manufacturing activity expanded at a slower pace in April, official data showed on Sunday, a discouraging sign for policymakers counting on services consumption to offset frailty in the factory sector amid slack global demand.
BREAKING: WTI crude oil drops close to 3%!
Brent crude futures fell $2.23, or 2.7%, to $79.94 a barrel, after rising to a session high of $84.20. It hit a session low of $79.72, its lowest since Jan. 11.
AUDUSD jumps past 0.6700 on RBA’s hawkish surprise, US Dollar retreat
The Australian dollar has racked up sharp gains on second May. In the European session, AUD/USD is trading at 0.6691, up 0.93%. As the RBA surprises markets with a 0.25% rate hike, versus the expectation of no change in the current monetary policy.
USD performed well. Forecast as of 04.05.2023
The Fed signaled a pause in monetary restrictions while its chairman tried not to rule out a rate hike in the future. It turned out not very convincing, leading to the EURUSD growth to annual highs. Let's discuss this topic and make up a trading plan.
The Future of Forex Trading
Forex trading is already a very popular and accessible type of the financial trading. It is now more like a 'people financial trading' with many traders treating it as some kind of the home business opportunity.
Financial Time Bomb: Soaring Debts and Devaluation
Raoul Pal, one of the favourite prominent finance experts, recently tweeted about the over-leveraged economy, and GDP growth being insufficient to cover interest payments on government and private sector debt.
Appointment of Hietham Abdulhalim As The New Head Of Sales For The MENA Division.
AUS Global, a global trading provider, is thrilled to announce the appointment of Hietham Abdulhalim as the new Head of Sales for the MENA division of AUS Global.
05/05 Market report
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
MHMarkets ：MHM Today News
On Thursday, shortly after the Fed's interest rate resolution was announced, the banking crisis escalated again; the U.S. dollar index continued to fall after the opening, once under the forced 101 mark before the European session; however, last night after the European Central Bank interest rate resolution slowed the pace of interest rate hikes as expected, the euro weakened to push the U.S. index moderately higher, once up to 101.64 during the day, closing up 0.24% at 101.45.
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