05/19 Market report
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
MHMarkets: Debuting at the Trading.Live Global Trading Summit, Connecting the Leading Forces of Global Traders
Recently, MHMarkets was invited to participate in the Global Trading Summit event organized by Trading.Live. As the world's first multilingual live financial learning community, Trading.Live provides a platform for traders to interact and exchange ideas. At the summit, MHMarkets showcased its superior technology and professionalism to exhibitors from around the world, winning widespread acclaim.
May 19, 2023-MHM European Perspective
On Thursday (May 18) , spot gold shocked slightly up during the Asian session , and is currently trading near $1962.79 per ounce. After the gold price fell sharply overnight, it demands short - term rebound adjustment. On the one hand, there is support around the 1950, on the other hand, geopolitica
May 19, 2023 - Fundamental Reminder
On Thursday, as the U.S. released more strong economic data further weakened market bets that the Federal Reserve may hold off on interest rate hikes, spot gold extended its decline, extending losses in the U.S. session and once plunged to $1952.01, which was a new low in a month and a half, plunging more than $30 from the daily high, and finally closed down 1.22% at $1957.55 per ounce. Spot silver fell by more than 1% during the day, eventually closing down 1.04% at $23.49 per ounce.
May 18, 2023-MHM European Perspective
On Thursday (May 18) , spot gold shock slightly down during the Asian session , and is currently trading near $1978.41 per ounce. Recent U.S. data is stronger than expected by the market, the Fed officials speak to the hawkish, the market on the Fed to cut interest rates during the year is expected to cool, the dollar index continued to rise, forming a pressure on gold prices; and the U.S. debt ceiling agreement is expected to heat up, the market risk aversion cooling, but also reduce the attrac
May 18, 2023 - Fundamental Reminder
On Wednesday, due to Biden's commitment to the debt ceiling, stronger-than-expected U.S. economic data and hawkish comments from some Fed officials, the dollar index was once up to the 103 mark, approaching a seven-week high, and finally closed up 0.24% at 102.85. The onshore and offshore yuan against the dollar both fell below the "7" mark during the day, and the dollar hit a two-week high against the yen intraday.
Understanding Bank Stocks Amid Economic Downturns: An In-Depth Analysis
In mid-March 2023, the collapse of Silicon Valley Bank and Signature Bank triggered a significant downturn in the financial markets, with most banking stocks and bank-based exchange-traded funds (ETFs) experiencing sharp declines in stock prices.
The pound remains under pressure after the speech of the head of the Bank of England
The British pound sterling has been showing a significant drop in recent days in a pair with the US dollar, falling to the level of 1.2422. On Wednesday, after a speech by the governor of the Bank of England, Andrew Bailey, who said that the central bank expects price pressure to ease in April, the pound remains under pressure.
G7 Finance Chiefs Meet & Address Global Economic Uncertainty
Finance leaders of the Group of Seven nations warned of heightening global economic uncertainty on Saturday as they wrapped up a three-day meeting overshadowed by a US debt ceiling stalemate and the fallout from Russia's invasion of Ukraine.
Crude Oil Price Starts Recovery But Faces Hurdle
Crude oil prices remained well-bid above the $65 level against the US Dollar. The price started a recovery wave above the $68 and $68.50 resistance levels.
Bank Stocks Lead Wall Street Rally
Bank stocks led a rally on Wall Street on Wednesday as investors regained confidence in the regional banking sector, while also seeing improved sentiment for big banks on optimism that a debt ceiling solution is forthcoming.
Asian currency markets held steady Tuesday supported by optimism around the dollar
Asian currency markets remained stable on Tuesday's trade, helped by the US dollar's strengthening safe-haven status as the policy stalemate in Washington over the US debt ceiling continues.
05/18 Market report
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
WCG Markets:2023-05-18
WCG Markets:2023-05-18
AximTrade Trading App — A New Perspective for Trading!
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Is it Possible to Double Your Forex Account in 1 Month? What are the Odds?
The pursuit of transforming a modest investment into a substantial sum attracts both seasoned traders and daring novices. Ultimately, the possibility to double your Forex account in a month exists. However, the path to double your Forex account in such a short timeframe is strewn with challenges, which is not a journey for the faint-hearted.
May 17, 2023-MHM European Perspective
On Wednesday (May 17), spot gold oscillated narrowly during the Asian session and is currently trading near $1989.46 per ounce. Speeches by Fed officials continue to dampen expectations of interest rate cuts during the year, with the dollar index and U.S. bond yields moving higher, weighing on gold prices; market fears of a U.S. debt default have also cooled, weakening gold's safe-haven buying demand. Overnight gold prices lost the 2000 mark important support, after the market bias to further do
May 17, 2023 - Fundamental Reminder
On Tuesday (May 16), as the U.S. debt ceiling negotiations impasse hit risk appetite, and the U.S. retail sales data in April turned positive, the dollar index approached a five-week high, rising as high as 102.77, and finally closed up 0.166% at 102.62. The EURUSD turned lower after rising above the 1.09 mark, and the GBPUSD fell about 0.5% and lost ground to 1.25.
The Future of Financial Advice: Artificial Intelligence VS Human Advisors?
Technology breakthroughs have continuously changed the way we manage investments today. One such revolutionary force that has taken the financial world by storm is the rise of artificial intelligence (AI). With its immense computational power and ability to analyze vast amounts of data, AI is reshaping the realm of financial advice, bringing investors an unprecedented level of precision, efficiency, and opportunity.
05/17 Market report
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
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