FOREX TODAY: US DOLLAR IN SELL-OFF MODE POST-POWELL DOVISH WORDS
Below are what you are expected to take note of on 1st December which is Friday while trading
Loonie goes beyond the rules. Forecast as of 30.11.2022
CAD, nicknamed the "loonie," is the currency abbreviation or currency symbol used to denote the Canadian Dollar. A drop in oil prices, high demand for safe-haven assets due to China, and expectations of a soon recession in the US and in the world press down the loonie. However, the USDCAD rallied up as the situation started to improve. Let's discuss the topic and make up a trading plan.
11/30 Market report
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
Mohicans markets：11.30-MHM European Perspective
On Wednesday (November 30), Beijing time, during the Asian European session, spot gold rose slightly in shock. At present, the trading volume is around 1754.92 US dollars/ounce. China's PMI data in November was weaker than the market expectation and the previous value, which provided some hedge support for gold prices. The fall of the US dollar index also provided a rebound opportunity for gold prices.
Mohicans markets：MHM Today News
On Tuesday (November 29), the dollar index stopped falling and turned higher in the day, closing 0.12% higher at 106.79, up for three consecutive days. The dollar rose more than 1% against the Canadian dollar during the day, hitting a new high for nearly a month; The euro once pushed up 1.04 against the dollar and then fell back; The pound once rose above 1.20 against the US dollar, but failed to hold; The dollar rebounded after briefly falling below 138 against the yen.
Let's Recognize Forex Market Psychology to Arrange Strategy
A lot of people as beginner traders must be confused about how to arrange strategy, so they should know about forex market psychology.
China Property Shares Soar on Fundraising Support
It was on 29th, Tuesday, Chinese property developers' bonds and shares surged after regulators eased a ban on equity refinancing for listed firms, the biggest support measure for a sector that has been squeezed for cash and that has been a key pillar of the world's second-biggest economy.
ECB’s Makhlouf sees smaller interest rate hikes in 2023, if needed
ECB's Makhlouf sees smaller interest rate hikes in 2023 if further hikes are needed, governing council member Gabriel Makhlouf was quoted as saying on Sunday.
Another Firm Collapses
Today, BlockFi filed voluntary cases under Chapter 11 of the U.S. Bankruptcy Code, becoming the latest domino to fall following the demise of the FTX. Let’s (once again) discuss secure asset storage and look to the data to see how the market is reacting.
Mohicans markets：11.29-MHM European Market
On Tuesday (November 29, Beijing time), during the Asian European session, spot gold rebounded in shock. At present, it is trading near 1754 dollars/ounce.
BTIG Establishes a Regional Office in Miami Beach
NEW YORK, Nov. 22, 2022, BTIG announced today that their newest Miami Beach office will open on November 30, 2022. The new home, 2340 Collins Avenue, is the firm's third biggest in the United States, housing all activities, including investment banking, research, and institutional trading.
Week Ahead: Jobs and inflation data take centre stage
If we look at the quality of the economic data, we will notice that it ramps up this week with the marquee US non-farm payrolls report topping off a busy few day.
Week Ahead Preview 28th of November
While Investors will get busy with a packed economic calendar this week. Inflation and unemployment numbers in the US and elsewhere will be among the data traders will follow and adjust their portfolios accordingly. Additionally, markets will tune in to heads of central banks speeches such as the Fed and the ECB to find out their thoughts about their economies, and to get some hints about the potential monetary policy in the next year.
Mohicans markets：MHM Today News
On Monday (November 28), boosted by the hawkish speech of Federal Reserve officials, the dollar index began to rise sharply after falling to 105.33, reaching the highest point of 106.76, closing 0.56% higher at 106.66.Non US currencies fell sharply under pressure, and the Australian dollar fell 1.5% against the US dollar during the day; GBP fell more than 1% against USD during the day; The US dollar rose 1.35 against the Canadian dollar, a new high since the 10th of this month.
Nomura Expects To Profit From Partial Sale Of NRI Stake
Nomura Holdings, Inc. stated today that it has decided to participate as a seller in a secondary offering at Nomura Research Institute, Ltd. (NRI) and sell a portion of the shares of common stock it owns in NRI.
Secrets on Fibonacci Trading that You Should Know
There are a lot of indicators in forex trading. So, traders should know about it because forex trading is based on prediction and analysis.
Everyone Is Invited On A Festive Trading Journey By OctaFX Broker
OctaFX, a worldwide Forex broker, is inviting all traders on a four-week trading adventure onboard its Festive Express this winter. A large New Year's marketing will appeal to everyone who enjoys good deals. It is the ideal time to begin enjoying the next year.
Rakuten Securities Has Expands Trading Instruments
Rakuten Securities Inc, a Japanese FX broker, announced intentions to add a total of 54 equities to its portfolio of tradeable products.
Mohicans markets ：11.28-MHM European Market
On Monday (November 28), Beijing time, during the Asian European session, spot gold fell slightly in shock. At present, the trading volume is at 1749.11 US dollars/ounce. The rebound of the US dollar has put pressure on the gold price.
CMA License Has Been Acquired By Ingot Brokers To Expand its Presence In Kenya
INGOT expands its reach on the African continent shortly after obtaining the FSCA license in South Africa.
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