WCG Markets:2023-05-09
WCG Markets:2023-05-09
05/09 Market report
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
Best Stocks to Buy in 2023
This year, stocks had been steadily increasing with expectations that the Federal Reserve will soon cease raising interest rates. While this has the potential to combat inflation, it also has negative consequences for both economic activity and investment returns. Investors who are in the market for looking for the best stocks to buy in 2023 can expect some challenges. Unfortunately, until there is a significant policy change to boost the economy, turbulence is likely to continue into 2023.
Gold Reserve: Which Central Bank Holds the Most Gold in 2023?
In the year 2023, central banks have demonstrated an unprecedented level of interest in purchasing this precious metal due to mounting geopolitical instability and surging inflation rates. Specifically, during the first two months of the year, central banks collectively acquired a net total of 125 metric tonnes of gold, marking the highest amount purhased for the year-to-date period since banks began net buying in 2010.
MHMarkets ：MHM European Market
Spot gold rebounded slightly during the Asian session on Monday (May 8) and is currently trading around $2021.92 per ounce. On the one hand, gold prices held the 2000 integer mark on Friday, and the influx of low buying supported gold prices; on the other hand, market concerns about the U.S. debt default crisis also provided safe-haven support to gold prices. However, gold prices last week in the history of the high near the resistance, the short term still need to beware of shock retracement ri
MHMarkets ：MHM Today News
On Friday, as stronger-than-expected U.S. jobs data hit the market expectations of a Fed rate cut. Spot gold took a big dive and fell below the $2,000 mark before recovering and stabilizing above $2,010 to close down 1.63% at $2,016.91 per ounce. Spot silver fell along with gold, eventually closing down 1.43% at $25.67 per ounce.
‘Buy the Dip’: Why this Investing Strategy is trending!
Experiencing a decline in the financial market doesn't necessarily spell disaster for investors with long-term goals. Instead of hastily selling off investments, downturns like the ones witnessed in 2022 and 2023 could present an opportunity for investors to maintain their unwavering commitment to their portfolio. In fact, downturns may even present an opportunity to “buy the dip,” or invest at a discount!
What is a Foreign Currency Reserve and Why Is It Called a lifeline of an economy?
Foreign currency reserves, also referred to as forex reserves or foreign exchange reserves, comprise cash and assets such as gold that are held by central banks. These reserves serve as a safeguard against potential vulnerabilities that may arise due to sudden disruptions in international money flows during a crisis. As economists suggest, having sufficient forex reserves not only enables countries to combat or overcome economic instability but also promotes stability in their domestic currency!
05/08 Market report
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
AUS GLOBAL’s important notice on the launch of US stocks and European stocks!
We are honored to inform you that in order to provide customers with a richer trading experience, our company has launched more than 300 US and European stock trading products, including APPLE, ALIBABA, AMAZON, COCA-COLA, JD, EBAY, BMW, HSBC, SHELL and many other popular stocks which can provide 1:20 times leverage.
Market Closure in May
Please refer to the following table for the changes in the trading hours during the month of May 2023.
Weekly News 2023/05/01-2023/05/05
Index / Stocks / Crypto / Metals / Commodity & Futures / Forex
Forex Products Optimization Notice
The Broker was Launched in 2015, PU Prime was founded with the vision of making trading accessible to all.
EUR/NZD extends drop, critical support lies ahead
EUR/NZD declined on Friday after data showed that U.S. employment and wages rose by more than economists expected in April.
US GDP Falls Short of Expectations and Inflation Rises: A Closer Look at the Numbers
Gross domestic product (GDP) in the United States represents the total aggregate output of the U.S. economy. It is important to keep in mind that the GDP figures, as reported to investors, are already adjusted for inflation.
UK Authorities to Ban Cold Calls for Financial Products Including Crypto
The U.K. government is set to ban cold calls to sell financial products, including crypto, in order to tackle fraud and scams. The reported value of U.K. cryptocurrency fraud has risen 32% and the government is introducing a National Fraud Squad with 400 new posts to help investigate crypto-related crime.
Uber shares surge after Q1 report!
Shares in Uber Technologies Inc (NYSE:UBER) spiked in premarket U.S. trading on Tuesday after the ride-hailing company posted better-than-expected revenue in the first quarter.
U.S. FAA opens new direct plane routes ahead of summer travel
The Federal Aviation Administration (FAA) on Monday said it had activated 169 more direct routes along the U.S. East Coast ahead of the busy summer travel season. The direct routes will shave off 40,000 miles and 6,000 minutes of travel time annually, the FAA said.
Should you invest in Chinese assets?
In spite of being one of the largest and fastest growing economies in the world, we believe investors do not have enough exposure to Chinese equities, in particular onshore Chinese equities. We’ve found that the average international investor’s total China exposure is 4.6% of its total assets.
S&P 500 Trades Lower With Possible Recession On The Horizon, China's Economy Grows
The S&P 500 dipped and the Nasdaq ended sharply lower on Wednesday after a growing wave of weak economic data deepened worries that the Federal Reserve's rapid interest rate hikes might tip the U.S. economy into a recession.
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