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Mohicans markets：MHM Today’s News
On Friday, October 7, because the non-farm payrolls data exceeded expectations, the dollar index rose for three consecutive days; It once rose above 112.90, which was a new high of more than a week and closed up 0.41% at 112.73. 10-year U.S. bond yields pulled up during the day, and quickly rose above 3.90% after the release of non-farm payrolls; 2-year U.S. bond yields quickly stood at 4.3%.
10/10 Market report
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
Week Ahead: US CPI likely to support the dollar
The release of US consumer price inflation on Thursday for September is likely to be the final piece in the Fed’s jumbo-sized jigsaw for its November meeting. Soft data would restart the “pivot” trade which means “risk on” so higher equities and a lower dollar. But sticky, still elevated figures will increase bets that rates will be held higher for longer next year – not a good mix for risk assets. Markets currently assign above an 80% chance of 75bp rate hike in early November. Only a 5% handle in the core annual rate would markedly upset these odds.
WIKIFX REPORT: Positive mood stalls on the “pivot” trade
FX: USD slid against most of its major peers. The DXY closed a tick above its lows of 110.05. Resistance is at 110.76 while next support is 109.29.
WIKIFX REPORT: Gold steadies as risk appetite continues to recover
*US dollar clings to gains as bets on near-term Fed hikes firm
Worst of market anxiety behind us, UK minister says -Times
Britain's government has withstood the worst of financial markets' "anxiety" following last week's fiscal statement and will soon see a marked improvement, senior minister Simon Clarke said in an interview published in The Times late on Friday.
Wheat soars on U.S. output cuts, Russian annexation of Ukraine land
Chicago wheat spiked on Friday, supported by a drastic cut to U.S. production estimates by the Agriculture Department, and Russia's annexation of parts of Ukraine followed by increased U.S. sanctions.
WIKIFX REPORT: Wall Street closes in on third straight quarterly loss
Wall Street wobbled to the end of the S&P 500's steepest September decline since the global financial crisis on Friday, closing the books on a tumultuous quarter fraught with historically hot inflation, rising interest rates and recession fears.
Vodafone merger: VOD stock jumps on talks with Three to form telecoms giant
Vodafone (VOD) confirmed this week that it is in conversation with rival Three for a potential merger.
Upcoming Market Updates: USD, JPY, AUD, CHF, EUR, GBP, CHF, CAD
The Weekly Market Update is published every Friday, after market close. This is for informational purposes only and should not be interpreted as accurate. Let's look at some currency update below.
WIKIFX REPORT: UK's Truss and Kwarteng forced into humiliating tax U-turn
British Prime Minister Liz Truss was forced on Monday into a humiliating U-turn after less than a month in power, reversing a cut to the highest rate of income tax that helped spark turmoil in financial markets and a rebellion in her party.
Two reasons to hold dollar longs and retain bearish view on stocks
A bear market is when investment prices drop 20% from their most recent high. Volatility across asset classes is hitting new highs this year, credit spreads are rising, and the market is trying to calm down after the threat of a financial crisis that has been brewing in the UK pension fund industry has tipped.
TopFX Attends Wiki Finance Expo in Dubai and Looks Forward to The Forex Expo
TopFX is a Prime Broker, which has been providing liquidity solutions since 2010. TopFx offers a decent variety of instruments, with 548 symbols and 45 forex pairs. However, TopFX doesn't offer MT5 or the larger range of markets typically offered by the leading brokers.
WIKIFX REPORT: Tesla's shares extend downward move
Tesla Inc. (TSLA), the world's largest automaker by market value, designs, builds, and markets fully electric vehicles (EV) and energy generation and storage systems. The company also provides services through vehicle service centers, body shops, and charging stations. Tesla makes and sells mid-size sedans, full-size sedans, and compact and mid-size sports utility vehicles.
WIKIFX REPORT: Market Spotlight: EZ CPI Hits Fresh Record Highs
Eurozone inflation touched a fresh record high in September, fuelled in particular by soaring costs for energy, according to Eurostat data. Headline CPI was seen breaking out to further record highs at 10% on the month. This marks a further stark increase from the prior month’s 9.1% reading and come sin above estimates for a 9.7% result. Similarly, core CPI was seen rising to 4.8% from the prior month’s 4.3% and above expectations for a 4.7% result.
WIKIFX REPORT: Market Spotlight: EURJPY Longs Triggered
The latest EURJPY lengthy concept has triggered on a break of the 140.82 degree, following the reversal off the 137.74 degree and bullish development line. Price is fast approaching initial target at 143.80 where traders should monitor price action given the resistance we’ve seen here previously. Look to stay along above 140.82 targeting 149.83 in the longer-term. MACD is close to switching positive here, suggesting further bullishness to come.
WIKIFX REPORT: Daily summary: Dollar regains upper hand
Gold fell more than 1% on Wednesday as the dollar regained traction and made bullion less appealing for other currency holders, while markets looked ahead to U.S. jobs numbers for clarity on the Federal Reserve’s rate hike path.
Could silver stay above $20 after breaking the 50-day moving average?
It was On Monday, October 3, silver rose 7.2% to $20.3 per troy ounce, marking its second-best session so far this year and boosted by a recently weakening US dollar (DXY).
WIKIFX REPORT: BREAKING: US crude stocks drop unexpectedly
Oil prices rose on Wednesday following unexpected drawdowns in U.S. crude and fuel stocks, outweighing downward pressure from the continued strength in the U.S. dollar. This was as result of Publication of report from the US Department of Energy to caused some moves on the oil market. Crude inventories fell unexpectedly, while gasoline stockpiles dropped more than expected.
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