Technical Analysis & Forecast September 12, 2023
EUR/USD has corrected to 1.0767. Today, the market continues to decline to 1.0723. A break below this level could push the price down to 1.0697, followed by a potential rise to 1.0723 (a test from below).
FX analysis – USD bounces back, JPY, GBP and AUD all under pressure as risk sentiment sours.
Tuesday's FX session is turning out to be a mirror image of Monday’s session Where the USD was battered against its major peers. Today, seeing almost a full retrace of those moves as USD is once again king.
EUR/GBP rises as markets gear up for a hike on Thursday by the ECB
On Wednesday, the EUR/GBP closed above 0.8600, and the EUR gained ground over the GBP as investors are preparing an announcement of a 25 basis point (bps) hike by the European Central Bank (ECB) on Thursday.
09/12 Market report
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
Week Ahead: US Inflation and ECB Meeting to spark volatility
The risk event calendar picks up this week with top tier US and UK data, the ECB meeting and a slew of Chinese figures to watch out for. The big recent theme across the summer has been the resilience in US economy data and the rise in both Treasury yields and the greenback.
Sidley Austin dealmaker joins Simpson Thacher amid energy infrastructure boom
U.S. law firm Simpson Thacher & Bartlett on Monday said it hired Katy Lukaszewski as a partner for its energy and infrastructure practice in Houston.
Alibaba Drops After Daniel Zhang, The Cloud Unit CEO, Quits Unexpectedly
On Monday in Hong Kong trade, shares of Alibaba Group dropped after the e-commerce behemoth said that Daniel Zhang, the outgoing chief executive, would also step down as its cloud unit’s head.
MHMarkets：The U.S. dollar was back below key levels, non-U.S. currencies were stronger than precious metals, and U.S. crude oil is steadily strengthening!
On Monday (September 11), gold price rose, setting its best trading day in nearly a week and a half. The dollar retreated ahead of this week's key inflation data, which could influence the Fed's interest rate decision later this month.
MHMarkets：September 12, 2023 - Fundamental Reminder
On Monday, the dollar index fell below the 105 mark, falling as low as 104.42 during the day, before closing down 0.51% at 104.51. Treasury yields remained ranged, with the two-year yield failing to rise above 5% to close at 4.993% and the 10-year yield at 4.292%.
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Stable inflation expectations for US consumers in August The US dollar fell, while gold prices slightly rose
Stable inflation expectations for US consumers in August The US dollar fell, while gold prices slightly rose
WCG Markets:2023-09-12
WCG Markets:2023-09-12
09/11 Market report
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
MHMarkets：The U.S. dollar fell sharply intraday, non-U.S. currencies and precious metals strengthened, and both bulls and bears of US crude oil were tired!
Last Friday (September 8), spot gold prices fell slightly to close at $1,918.65 per ounce. Due to the increasing expectations of the Fed tightening policy, US yields have slightly increased, with precious metals falling sharply last week, silver falling 5%, and gold falling nearly 1%.
MHMarkets：September 11, 2023 - Fundamental Reminder
On Friday, after falling to an intraday low of 104.66 on another sign of strength in the U.S. economy, the dollar index recovered all its losses and turned positive. It ended up 0.01% at 105.05, notching its eighth weekly winning streak in nine years. In addition, the dollar opened the week 90 points lower against the yen on speculation about the BOJ governor.
On Monday, Bank of Japan Governor Kazuo Noda released an important signal that negative interest rates may end, and the yen strengthened against major currencies across the board;
On Monday, Bank of Japan Governor Kazuo Noda released an important signal that negative interest rates may end, and the yen strengthened against major currencies across the board;
WCG Markets:2023年09-11
WCG Markets:2023年09-11
Daily Market Newsletter
Global Market Insights for September 11, 2023
Weekly News 22023/09/04-2023/09/08
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