GEMFOREX - weekly analysis
The week ahead: 5 things to watch.
Recognize MACD Strategy in Forex for Beginners to Get Profit
Forex trading is very unique. It is because traders must use an indicator to analyze forex movement. That is why this business has a lot of indicators.
Mohicans markets：MHM European Market
On Monday, February 20, the spot gold rose in the Asian period, and the current trading price is around 1843.82. Bargain buying and hedging buying triggered by the geopolitical situation provide some support for the gold price. However, after a series of strong economic data and hawkish speeches by several Fed officials, the expectation of higher terminal interest rate of the Federal Reserve and the relatively strong US dollar made the gold price still face further downside risks in the future.
Mohicans markets ：MHM Today News
Last Friday, spot gold once fell below the $1820 mark before the U.S. session. But because of Balkin's "dovish" remarks, it surged $15 in the U.S. session, back above the $1840 mark, and finally closed up 0.33% at $1842.32 per ounce. Spot silver closed up 0.71% at $21.72 per ounce.
02/20 Market report
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
Products’ Trading Session during US Presidents' Day Notice
To all readers, whether you’re using DCFX for trading or not, kindly know about the Trading session update released by the broker to inform their client.
Forex Market Wrap: 17th February
Last week the market was dominated by US data including Consumer Price Index (CPI), Retail Sales and Producer Price Index (PPI). Investors were keen to see if inflation had turned considering the recent comments from the Federal Reserve. Fed Chairman Powell had commented on being in a deflationary environment by remaining flexible. They may have to be flexible now as investors will see this recent strong data as a move for the Fed to hike rates for longer. This caused the USD to strengthen this week in line with our week ahead analysis.
European Stocks Higher; Positive Company Revenue Increases Sentiment
A European option is a version of an options contract that limits execution to its expiration date. European stock markets traded higher on Thursday, as investors assessed the strength of global markets while digesting a deluge of mostly healthy corporate earnings.
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It is very potential to predict the direction of the economy, Important economic indicators are leading in nature that are often noticed are ranging.
Mohicans markets：MHM European Market
On Friday, February 17, the international gold price continued to fall and hit a new low of $1823.19/ounce since the end of December last year, because investors were worried that the Federal Reserve would further raise interest rates after a series of strong economic data were released. The price of gold is $1788.
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Mohicans markets：MHM Today News
On Thursday, affected by the stronger-than-unexpected PPI data, the spot gold once fell below the 1830 level, and then recovered. However, the hawkish statement of the Federal Reserve officials said that gold "added another knife", and finally closed up 0.02% at 1836.32 US dollars/ounce; Spot silver closed 0.19% lower at $21.58/ounce.
02/17 Market report
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
Forex News Trading Strategy: The Ultimate Guide
Do you find yourself struggling to make sense of the forex market’s crazy twists and turns? Well, fear not, NEWS TRADING might just be the answer to your trading woes. The addition of economic announcements to technical and charting analysis can be extremely beneficial for traders and strengthen their trading strategies. Because, in the world of forex, things can change faster than a chameleon on a rainbow. So, grab your reading glasses and a cup of coffee, it's news trading time!
Mohicans markets：MHM European Market
During the Asian session, the rebound of spot gold was blocked. It had rebounded to around $1842.5 before, and now dropped to around $1836. Although some bargain-hunting and safe-haven buying supported the gold price, recent economic data boosted the bet that the Federal Reserve would further raise interest rates to combat high inflation.
Extension analysis: how much higher can the FTSE 100 go?
The FTSE 100 Index rose above 8,000 points intraday for the first time, with gains in heavyweights and a drop in sterling boosting the UK’s large-cap stock index on Wednesday.
European stocks mixed; Barclays reports slump in profit
European stock markets opened mixed Tuesday as traders reacted to company earnings and assessed the outlook for US interest-rate hikes. European stock markets traded in a mixed fashion Wednesday, with investors digesting inflation data from both the U.S. and the U.K., while banking giant Barclays reported a sharp slide in annual profit.
BitForex Launches Blur(BLUR) at 12:00 on February 15th, 2023 (GMT+8)
To all readers This is to serve as an announcement for the new trading pair listed by BitForex which the broker did on 15th February 2023, as stated in their website with details below: The broker is delighted to announce the listing of Blur(BLUR) on BitForex and open the spot market for BLUR/USDT.
Mohicans markets：MHM Today News
On Wednesday, spot gold fell sharply after rising to the high of $1860.08, falling nearly $30 at one time, and finally closing down 0.99% at $1835.96 per ounce; Spot silver fell 1.05% to $21.62 per ounce.
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Everyone who joins this business must have the knowledge to run it. It is because the forex business is influenced by some factors, especially the global situation.
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