EUR/USD Could Restart Increase Above 1.0950
Looking at the 4-hour chart, the pair saw a downside correction from the 1.1010 zone. It traded below a key bullish trend line with support near 1.0930. There was a break below the 38.2% Fib retracement level of the upward move from the 1.0668 swing low to the 1.1012 high.
AUDUSD justifies risk-indicator status amid recession fears
Following the policy adjustments made by numerous central banks, the market's outlook has become negative, as the prospect of increased interest rates reignites worries about an economic downturn. This apprehension, compounded with concerns regarding the Reserve Bank of Australia's capacity to boost rates, has fostered a risk-off attitude. Additionally, rumors of the Federal Reserve implementing a rate hike in July are predicted to impede the AUDUSD.
Mai hui MHmarkets: June 26, 2023-MHM European Perspective
On Monday (June 26), spot gold shocked slightly up during the Asian session, and is currently trading near $1926.68 per ounce. On the one hand, the U.S. June PMI data underperformed last Friday, the market on the year and then 2 interest rate hikes are expected to cool
Mai hui MHmarkets: 6, 2023 - Fundamental Reminder
Last Friday, spot gold pulled up sharply before the U.S. market, pulling up $27 from the daily low, up to $1,937.50, and then fell back, failing to hold above the 1,930 mark, finally closing up 0.38% at $1,921.12 per ounce. Spot silver closed up 0.82% at $22.44 per ounce.
What is the best indicator for the breakout strategy?
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The Week Ahead 26th June – 30th June: Stress test for the Federal Reserve and release of CPI
Fed Chair Powell testified before Congress. Powell’s bi-annual testimony before Congress saw the Fed Chair warn that interest rates could be raised higher for longer to tame inflation.
The impact of leverage on trading: how to use it responsibly.
The history of leverage and levers can be traced back thousands of years. During the construction of the monumental pyramids, the Ancient Egyptians employed basic lever systems to transfer bulky materials such as stone blocks.The ancient Greek philosopher Archimedes formally described them around 250 BCE. Levers are still used in cranes and excavators, and trading with leverage is yet another example of how the concept continues to be relevant.
GBP/JPY Fundamental Outlook
On Friday, GBP/JPY continued to push the cross to fresh cycle highs at 182.80 after finding support at the 181.25 area. In that sense, the Sterling continued to gain ground on the back of Thursday’s Bank of England (BoE) hawkish surprise to raise rates by 50 basis points and held its ground despite weak British PMIs from June.
FX wrap – GBP volatile on BoE surprise, JPY and CHF under pressure, USD follows yields up
USD was firmer on Thursday, largely due to a rally in treasury yields with the DXY tracking the 10-year yield higher to a peak of 102.470 after bouncing off the psychological 102 support level.
EUR/JPY CLEARS DAILY LOSSES AMID SOUR MARKET SENTIMENT
Despite initial losses, the EUR/JPY pair managed to regain ground, climbing from a low of 155.06 to 156.60 and closing with mild losses. Moreover, weaker-than-expected figures from the US, UK and the Eurozone seem to be having a greater impact on the Yen as the USD/JPY rose to monthly highs.
BoE Surprises With 50 Bps Rate Hike
Markets have increased the probability of the Federal Reserve raising interest rates, a sentiment also applied to other major central banks worldwide, including those of the U.K, Switzerland, and Norway. Furthermore, U.S. Treasury Secretary Janet Yellen supports the Fed’s monetary policy, emphasising the need to focus on containing inflation rather than being concerned about the likelihood of a recession.
Bank of England surprisingly raises its interest rate by 0.50%
On Friday, the FTSE 100 experienced a 0.3% decline, reaching the 7480 milestone. This marks a fifth consecutive session of drops, resulting in a total 2% decrease for the week. The market is still adjusting to a series of interest rate hikes and the possibility of further monetary constraint.
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Appointment of Sunny Lethyy as the Country Manager for Vietnam
AUS Global, is thrilled to announce the appointment of Ms. Sunny as the country manager of our new office in Vietnam. Ms. Sunny brings with her a wealth of experience in the forex trading industry, having held various valuable roles at the financial market across Asia.
How To Start Trading Gold: Simple Gold Trading Strategies For A Beginner
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Mai hui MHmarkets: June 21, 2023-MHM European Perspective
On Wednesday (June 21), spot gold was narrowly oscillating during the Asian session and is currently trading at $1,938.33 per ounce. Traders are avoiding big bets ahead of Federal Reserve Chairman Jerome Powell''s testimony to Congress.
Mai hui MHmarkets: June 21, 2023 - Fundamental Reminder
On Tuesday, because of the "blowout" U.S. housing starts data, spot gold dived sharply before the U.S. market, and once fell below the $1930 mark to an intraday low of $1929.82, and then recovered some of the lost ground, finally closing down 0.72% at $1936.43 per ounce
USDJPY price analysis for 13.06.2023
The USDJPY currency pair has experienced a notable shift in market dynamics as the price line recently broke below a bullish channel that had been guiding its upward trajectory.
WCG Markets:2023-06-21
WCG Markets:2023-06-21
Stock market today: Dow snaps 4-week losing streak amid mixed quarterly earnings
The Dow closed lower Friday, snapping a four- week win streak on mixed quarterly earnings ahead of results from big tech next week. The Dow Jones Industrial Average was 0.1%, or 22 points higher, the Nasdaq rose 0.1%, and the S&P 500 added 0.1%.
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