WCG Markets:2023-04-06
Energy shares led the way Monday as Wall Street began the week on a green note, and many overseas markets followed suit earlier Tuesday. Focus today is likely to be on the Job Openings and Labor Turnover Survey (JOLTS) data as US equities snapped a 4-day winning streak as the “bad news is good news” narrative for equities faltered in Tuesdays session.
Investors now await a series of US economic releases this week, including Tuesday's jobs opening data, Wednesday's ADP private payrolls report and Friday's monthly jobs report.
Asia markets mixed, New Zealand raised interest rates by 50 basis points.
A cryptocurrency, broadly defined, is virtual or digital money that takes the form of tokens or “coins.”
Forex trading is one of the most popular forms of investment in the world, especially amongst young people. It is relatively low-cost, available 24 hours a day, and can be accessed from both mobile devices and computers. Anyone with a mobile phone and 10 dollars to spare can get involved.
In a speech on Saturday, ECB vice-president Luis de Guindos stated that the ECB is monitoring risks across the financial sector in order to maintain stability in the euro area.
Next has warned full price sales will fall around 1.5% this year and profits are set to drop 7.6% to £795 million.
A stock market index shows how investors feel an economy is faring. An index collects data from a variety of companies across industries.
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
As several nations focus on enhancing their currencies, the dominance of the US dollar in the global monetary system is declining. Nouriel Roubini, also known as “Doctor Doom” for accurately forecasting the 2008 global financial crisis, recently warned that the dollar’s position as the primary reserve currency in the world is at risk. This warning is proving accurate, as the world's major emerging economies have agreed to ditch US dollar for trade!
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
The week ahead: 5 things to watch
Discover the differences between scalping and day trading in this informative blog post. Learn about their unique strategies, risks, and benefits to help you decide which trading style is best for you.
Spot gold oscillated slightly lower during the Asian session on Tuesday (April 4) and is currently trading around $1980.13 per ounce. The dollar index rebounded mildly after a big drop overnight, putting pressure on gold prices. However, this week will see the non-farm payrolls report, there is no important economic data out on Tuesday, and the market wait-and-see sentiment is getting stronger.
On Monday, in OPEC + members unexpectedly cut production reignited market concerns about long-term inflation and sparked uncertainty about the Fed's response, the dollar index once up to the 103 mark, and then on a "vertical roller coaster", giving back all the gains of the day and once lost 102 mark, finally closed down 0.53% at 102.04; U.S. 10-year Treasury yields rose and then fell, as data showed that the U.S. economy continues to slow, it fell sharply in the U.S. session, and once to a low
WCG Markets:2023-04-04
Over the last few months, the Federal Reserve has played an increasingly significant role in affecting the global economy and stock market. Unless you’re a new investor, you’ve likely heard the news: “The Fed hiked interest rates by 75 bps. Chairman Powell holds a hawkish stance towards future rate hikes.” Your portfolio has probably suffered, with growth stocks and long-term treasuries losing significant value in 2022.
What is the difference between equity and balance in forex trading? While equity is a dynamic value that reflects the changes in open trades, balance is the amount of initial funds in your trading account. Every trader should be able to understand the difference between equity and balance as they are two crucial aspects of forex trading. Fundamentally, while they may reflect the same amount sometimes, equity and balance are two different amounts.
Spot gold was shockingly weak during the Asian session on Monday (April 3) and is currently trading near $1952.83 per ounce. OPEC unexpectedly cut production on Weekend, international oil prices rose sharply, market concerns that global inflation will pick up again, which will increase the pressure of the Federal Reserve to raise interest rates, helping the dollar index rose to nearly a week high, on gold prices weighed significantly.