Weekly News 2023/07/17-2023/07/21
Index / Stocks / Crypto / Metals / Commodity & Futures / Forex
Mai hui MHmarkets: July 24, 2023 - Fundamental Reminder
The dollar index continued to rally on Friday, closing up 0.32% at 101.1, as markets await Thursday's Fed rate decision and are still looking for clues on whether this week's near-certain rate hike will be the last in the tightening cycle.
WCG Markets:2023-07-24
WCG Markets:2023-07-24
Mai hui MHmarkets: July 21, 2023-MHM European Perspective
On Friday (July 21), spot gold narrow range shock during the Asian session, and is currently trading in the vicinity of $1969.84 per ounce. There were no important economic data and risk events during the day, the market trading is relatively cautious, most investors have begun to wait for next week's Fed interest rate resolution.
Mai hui MHmarkets: July 20, 2023 - Fundamental Reminder
The number of people applying for unemployment benefits for the first time announced last night did not increase, but decreased, indicating that the labor market is still flexible and may support the Federal Reserve to continue to raise interest rates this year.
Dr Copper: False Breakout On False Hopes?
Some market analysts have noted a breakout on copper's daily chart. As this metal is a phenomenal indicator of booms and busts, let's have a closer look.
07/21 Market report
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
Sterling slides while stocks stall on results
USD edged off its lows with last week’s sell-off due some sort of rebound. But the DXY is still not able to bounce much above 100 so far. The February low at 100.82 should be strong resistance above here. Support sits at recent lows around 99.57/8. The yuan is pressuring USD this morning after a much firmer-than-expected reference rate by the PBoC.
Four U.S. Senators Introduce Crypto Anti-Money Laundering Bill
On July 19th, a crypto anti-money laundering bill was introduced by a group of four United States senators - Jack Reed, Mike Rounds, Mark Warner, and Mitt Romney, as per the information given in a news release on Senator Reed's official website. This bill was targeted at halting unlawful financial transfers.
WCG Markets:2023-07-21
WCG Markets:2023-07-21
NFP trading: understanding the effects of the Nonfarm Payroll
The NFP is a notable report commonly utilized by professional traders as a prospective gauge of upcoming price movements. They view economic announcements as dependable predictors of future market activities. This brings into focus, what exactly is the NFP? How does it influence the markets? And what are the ways in which it can be traded?
Japanese Candlesticks Analysis 19.07.2023 (XAUUSD, NZDUSD, GBPUSD)
Gold has formed a Shooting Star reversal pattern near the resistance level. Currently, the instrument is going by the reversal signal in a corrective wave. The pullback target might be 1965.00. Upon testing the support level, the price could get a chance to rebound from it and continue the uptrend. However, the quotes might rise to 1985.00 without any correction.
Inflation hits 6% amid falling petrol prices and high-interest rates
During the June quarter, New Zealand experienced a decrease in inflation, which dropped to an annual rate of 6%. The key factors behind this decrease were primarily high-interest rates impacting household budgets and a reduction in petrol prices. Despite these influences, the persistence of high domestic inflation remains noteworthy.
Ichimoku Cloud Analysis 19.07.2023 (GBPUSD, EURJPY, NZDUSD)
GBPUSD is correcting after an aggressive rise. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the upper boundary of the Cloud at 1.2945 is expected, followed by a rise to 1.3185. An additional signal confirming the rise will be a rebound from the lower boundary of the bullish channel.
Daily Summary: Wall Street in Bullish Moods During The Earning Season
Wall Street is seeing positive gains due to heightened investor anticipation around the quarterly earnings season for businesses.
Canadian dollar rises, 'hanging tough' amid economic optimism
On Wednesday, the Canadian dollar experienced a slight appreciation against the U.S. currency which was otherwise broadly robust. This was largely due to the optimism among investors that the U.S. economy may still soft land despite the Federal Reserve's active campaign to hike interest rates.
Speculative Trading: Why Do Investors Speculate On Forex Currencies?
If you buy a piece of property that actually has gold, your investment could really pay off big time. But if there’s no gold, you also lose big. Speculative trading is no different. The prospect of patient long-term gains doesn’t satisfy every investor, right? This is where speculators come in; they speculate on future market movements. Although speculation carries high risks, there's also a chance for massive gains!
Forex Trading For Beginners: How To Predict Forex Price Movement?
The Forex market depends on many factors that vary considerably in different countries. This complexity makes attempting to predict forex price movements a challenging endeavor. But hey, don't worry! We've got some cool tools and indicators up our sleeves!
Mai hui MHmarkets: July 20, 2023-MHM European Perspective
On Thursday (July 20), spot gold shocked higher during the Asian session, once hit a nearly two-month high to $1987.34 per ounce.
Mai hui MHmarkets: July 20, 2023 - Fundamental Reminder
The UK's June year-on-year CPI growth rate, released on Wednesday, fell to a more than one-year low, and inflation in Canada and New Zealand also cooled, which boosted market sentiment.
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