On Thursday, as more weak US economic data supported the market's bet that the Federal Reserve was about to suspend interest rate hikes, spot gold surged above the $2040 level, breaking a new high in over a year, about $30 from its historical high set in 2020, and finally closed up 1.25% at $2040.13/ounce; Spot silver briefly approached the $26 level and ended up 1.29% higher at $25.83 per ounce.
WCG Markets:2023-04-14
Most investors make money by buying securities in anticipation that their prices will rise over time, and then selling them at a profit later. This is known as ‘going long’. Contrarily, short selling is a way to make money in a bearish market by betting that a security will decline in value. Beneath the surface of seemingly altruistic efforts, short sellers possess a profit motive, aimed at profiting from impending drops in securities prices.
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
The Good thing with Forex Trading is that, Forex trading can be done anywhere in the world at any time! As mentioned earlier, all you need is a reasonable laptop and a stable internet connection and you’re good to go.
The Ichimoku Cloud is a method for technical analysis that combines multiple indicators in a single chart. It is used on candlestick charts as a trading tool that provides insights into potential support and resistance price zones
EUR/USD bulls take a breather around 1.0990 amid the initial hours of the European session on Thursday, after refreshing a 10-week top earlier in the day.
BEIJING, According to some reports for April 13 Recession fears again dampened demand outlook could fuel a bullish rally in precious metals. As Prices of most base metals in London were under pressure on Thursday, despite support from a shaky U.S. dollar.
Let's see expectations on some markets for this week.
An agreement was reached between Australia and China to resolve their dispute over barley imports, the two countries said on Tuesday, a latest sign of improving ties between the major commodity trade partners.
On Thursday (April 13th) in the Asian session, spot gold fluctuated slightly and is currently trading near $2016.19 per ounce. The overnight US CPI data did not meet market expectations, and the market generally expects the Federal Reserve to pause rate hikes after May. The minutes of the Federal Reserve meeting also have a dovish tone, with the US dollar index approaching a low of over two months, providing support for gold prices. There is still a chance for short-term gold prices to fluctuate
On Wednesday, the unexpected fall in CPI data boosted market sentiment, and the spot gold appeared a "roller coaster" market. It hit an intraday high of $2028.17 before the US market, and then gave up most of its gains. As the Federal Reserve began to predict a mild recession in the US economy, gold recovered some of its lost ground, and stood above the 2010 mark, eventually rising 0.56% to $2014.98/ounce; Spot silver rose by over 2% during the day, firmly above $25, closing 1.78% higher at $25.
The Arbitrum network is a layer-2 functionality, developed by the New York-based company Offchain Labs, which seeks to solve the congestion that the Ethereum network has been experiencing by improving how smart contracts are validated.
Somethings we all need to know here is that, trading is not what most people think it is. The Hollywood version of trading, where huge sums of money are made effortlessly by smiling traders in a matter of seconds, can often seem alien to anyone who trades for real.
Gold prices extended gains on Wednesday morning, finding comfort above $2000 as caution reigned ahead of the US inflation data. The prices of the yellow metals were stimulated after Minneapolis Federal Reserve President Neel Kashkari indicated in a potential recession this year.
The Euro formed a base above the 1.0800 zone against the US dollar. EUR/USD remained well bid and was able to climb above the 1.0880 resistance zone.
The AUD/USD pair has slipped below 0.6650 as China’s Consumer Price Index (CPI) has softened despite various measures from the Chinese administration to stem economic recovery.
In the early morning trading of the Asian market on April 12th, Beijing time, the US dollar index fell slightly and is currently trading around 102.14. The US dollar fell on Tuesday as investors waited for inflation data to further understand whether price pressures were abating and what this meant for further interest rate hikes by the Federal Reserve.
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
Please refer to the table below, for the rollover date of our futures on the trading system during April 2023. Please note that the date and time may be subject to change.