Gold Gets its Groove as Markets Consolidate across the Board
The gold price is oscillating around US$ 1,980 again on 7th June as markets reassess the landscape with China looking to stoke some growth and next week’s Fed meeting coming into view.
European shares opened mostly lower on Wednesday
European stock indexes showed a slight decline in thin trading on Monday, while Wall Street futures were optimistic after a debt ceiling deal was reached between US President Joe Biden and top Republican Kevin McCarthy. However, the deal is expected to bring only short-term relief as worries about inflation and rate increases persist. Asian stocks were mostly up, except for falling Chinese stocks after data showed profits in the industrial sector were slumping, signifying an economic slowdown.
Earnings season holds the key as FTSE 100 continues bullish run back towards 8,000
The FTSE 100 is closing in again on the 8,000-point milestone it breached for the first time ever earlier this year, with five weekly gains in a row close to putting the index in official bull market territory.
DAX 40 & DOW JONES: weekly analysis 5th June – 9th June
The week ends with the stock exchanges experiencing a bullish resolution, thanks to the agreement reached on the US debt ceiling and the possibility of a pause in the hike cycle perpetuated by the FED as early as the meeting on 14 June. The rollover period starts this week in combination with other relevant macroeconomic data.
June 13, 2023-MHM European Perspective
On Tuesday (June 13), spot gold shocked slightly up during the Asian session, and is currently trading near $1958.50 per ounce.
WCG Markets:2023-06-13
WCG Markets:2023-06-13
Learn step-by-step how to Trade CFD
Trading contract for difference (CFD) has become a popular and one of the most sought out investments globally. As a beginner, you should understand what trading CFD is all about before you pull the trigger.
How to develop a scalping strategy
Scalp trading, or scalping, is a popular trading strategy that has been around for a very long time. In this trading method, traders buy and sell stocks multiple times within a day for a small profit. While scalping can be profitable, it is also risky and requires good discipline, a reliable strategy, and a thorough understanding of the market.
How to Use Relative Vigor Index (RVI) Indicator in Forex Trading
Feel like you're just aimlessly riding the waves of the forex market unable to predict the outcome of certain trends? Well, say goodbye to second-guessing and hello to the Relative Vigor Index (RVI) Indicator. The RVI is a unique indicator that attempts to measure the underlying strength of a currency pair rather than just its direction, making it a valuable tool in the arsenal of any forex trader. So, buckle up and get ready for a great ride with the RVI Indicator by your side!
Forex Chart Of The Day: CADJPY Time For Price To Make A Decision
CAD features as the strongest currency on our strength meter but in a reversal zone. Could CAD begin to weaken now CADJPY is at key resistance?
10 Game-Changing Forex Trading Rules That Will Make You a Superstar
Trading forex is like playing a high-stakes game of Monopoly but with real money and no ‘Get Out of Jail Free cards. Sadly, 70% of traders end up bankrupt, 10% barely scrape by, and only a lucky 15% make it rain. But fear not, dear beginner! I’m here to reveal the 10 golden Forex trading rules that can turn your trading journey from a series of losses into a profitable blockbuster!
STARTRADER Rewards Outstanding IBs in Thailand with a Trip to Mt. Fuji, Japan!
STARTRADER, a global financial company, recently announced an enticing campaign that offered an exclusive and glamorous trip to Japan for Thai IBs who successfully met their performance targets between January 15 and March 15, 2023. To qualify for this exciting opportunity, participating IBs were required to achieve a monthly net deposit of 100,000 US dollars and trade 100 standard lots during the specified period.
June 12, 2023-MHM European Perspective
On Monday (June 12), spot gold oscillated in a narrow range during the Asian session and is currently trading near $1,960 per ounce. The market is generally waiting for the U.S. CPI data for May and the Federal Reserve interest rate resolution out this week
June 12, 2023 - Fundamental Reminder
Last Friday, the market is waiting for the arrival of the Federal Reserve interest rate resolution, the dollar index rebounded slightly, closing up 0.23% at 103.3.
June 9, 2023-MHM European Perspective
Spot gold fluctuated in a narrow range on Friday (June 9) in Asia, currently trading around $1964.36 per ounce. Poor overnight US preliminary data and a sharp fall in the dollar helped gold rise.
June 9, 2023 - Fundamental Reminder
America's Labour market is starting to show signs of cooling. Data on Thursday showed the number of Americans filing for USD Initial Jobless Claims accelerated more than expected last week to the highest level since the week ended Oct. 30, 2021.
Gold Price Forecast: XAU/USD bulls clean up within daily range
The Gold price rallied to a high of $1,970.54 from a low of $1,940.10 on Thursday as the US Dollar and lower bond yields weakened with the United States reporting the largest rise in initial jobless applications since the autumn of 2021. At the time of writing, the Gold price is stationary towards the close of the US forex session at $1,966.
WCG Markets:2023-06-09
WCG Markets:2023-06-09
DOLLAR IN IMPORTANT LEVELS $791
The U.S. Dollar Index, which tracks the dollar against six other important currencies, is hovering at levels it hadn’t reached in 20 years. Since the start of the year, it has gained 8 percent; in the last 12 months, it has risen 14 percent. Against the Japanese yen, the dollar has risen more than 13 percent this year alone.
Debt ceiling suspended, but challenges persist
Based on the recent piece of opinion released by some news agency highlighted that the latest budget deal successfully suspended the debt ceiling, averting a potential debt default. However, it also pointed out that this measure does little to address the United States’ long-term fiscal challenges, as US deficits continue to accelerate.
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