OTFX's professional forex team: Experienced and equipped with specialized knowledge.
As the saying goes, to do a good job, one must first sharpen one
OTFX is a stable forex investment development system.
Seeking stability, not recklessness. Greed and recklessness are major
Visa shares rise amid positive market trend, nears year's high
Visa Inc (NYSE: V) registered yet another day of notable progress on Wednesday, achieving a consecutive two-day surge. The company's stock exhibited a growth of 0.47%, concluding the day at an impressive closing price of $248.11. This upswing comes despite the stock being just shy of its annual peak of $250.06, which was recorded on September 13th.
MARKET VISION: EURO
The euro held steady above $1.09, remaining near its highest levels since August 10, as investors digested a series of statements from ECB officials while anticipating upcoming inflation data.
World Platinum Investment Council Quarterly Report
Last week saw the release of the latest quarterly update from the WPIC and also an update on their 2023 estimates. For followers of platinum it will be music to your ears with the already record deficit blowing out even further. Here are the headlines and then deeper dive:
USD Index Hovers Around 105.50, Awaits Jerome Powell’s Speech for Direction
The USD Index (DXY) finds itself in a consolidative phase, trading near the 105.50 level as the European trading session commences on Thursday. Market participants are exhibiting a general lack of direction, with their attention firmly fixed on the upcoming speech by Federal Reserve Chair Jerome Powell.
NZD/USD remains depressed blow 0.5900 mark, seems vulnerable near one-week low
The NZD/USD pair lures in new sellers after climbing to the 0.5935-0.5940 area earlier in the day. It subsequently declines to a level not seen in over a week during Friday's Asian session. Nevertheless, spot prices undergo a slight recovery in the last hour, and they are presently trading slightly below the 0.5900 mark, marking a decrease of approximately 0.15% for the day.
DOLLAR struggles to consolidate above $900
The peso dollar has commenced its trading above the highest value recorded yesterday, currently standing at 903.75. The initial starting point for the local currency's upward trajectory is marked by copper's decrease of 0.36% at 3.62 dollars per pound. This decline serves as a stepping stone for the peso dollar to reinforce its position in the 900s range and sustain the ongoing positive trend.
Brent oil prices bounced back from the multi-month low touched on Wednesday
Brent oil prices bounced back from the multi-month low touched on Wednesday, hedging just over the $80 per barrel level in early morning trading. Crude prices suffered this week, dropping more than 5% on future demand concerns, as well as lowered perceived supply risks from the Israel and Gaza situation. Inflation data from China, the world’s top oil importer, revealed a disinflationary trend that could be the precursor to a slowdown in economic activity that may lead to reduced energy consumption.
MHMarkets：Gold surged by $72 at the opening after a dovish speech by Fed Chairman Powell.
At the end of the Asian market on Monday (December 4), the Fed Chairman Powell said in his opening speech at Bellman College in Atlanta on December 1 local time. It is too early to confidently conclude that we have taken sufficient restrictive positions or speculate on when policies may be relaxed.
MHMarkets：December 04 2023--Fundamental Reminder
On Friday, Mr. Powell's remarks failed to dissuade traders from betting on rate cuts next year, with yields on the 10-year Treasury down more than 10 basis points to close at 4.209%. The yield on the two-year Treasury note, which is more sensitive to the Fed's policy rate, fell even deeper to close at 4.542%. The dollar index gave up all of the day's gains to end down 0.309% at 103.2, snapping a three-week losing streak for the first time in five months.
Market Recap: December 2023
Stocks Rally, Dollar Falls, and Crypto Surges
Gold continues to soar, briefly rising by about $70 in the short term, reaching a historic high close to $2,150 per ounce
Gold continues to soar, briefly rising by about $70 in the short term, reaching a historic high close to $2,150 per ounce
WCG Markets:2023-12-04
WCG Markets:2023-12-04
The security and compliance of OTFX Forex are fundamental guarantees for its development.
Security is the bottom line in finance, and adhering to this line
OTFX Forex Trading Strategies Help You Navigate the Forex Market with Ease.
As the saying goes, a master is a teacher, and a teacher teaches and solves doubts
OTFX’s technological innovation in foreign exchange trading
Technological innovation is the primary productive force. The development of enterprises and the progress of the industry are inseparable from innovation
MHMarkets：The Fed's interest rate cut is on the way as US inflation slows down, the job market cools down, and the outlook for consumer spending deteriorates.
At the end of the Asian market on Friday (December 1), data released by the US Department of Commerce showed that the year-on-year growth rate of the US October Personal Consumer Expenditure Price Index (PCE) further decreased to 3.0%.
MHMarkets：December 01 2023--Fundamental Reminder
The dollar index extended gains and held above the 103 mark on Thursday, rising as high as 103.58 before closing 0.66% higher at 103.51, still marking its worst monthly performance in a year, despite data showing U.S.
Key Highlights and Analysis for December 1, 2023
Market Wrap: Dow Soars, Nasdaq Slips on Inflation Data
Latest News
AI Fraud Awareness Campaign: "We're Not All F**ked"
WikiFXCrypto.com Delists USDT and 9 Tokens to Comply with MiCA Regulations
WikiFXHow to Use Financial News for Forex Trading?
WikiFXFake ‘cyber fraud online complaint’ website Exposed!
WikiFXDay Trading Guide: Key Considerations
WikiFXGMO-Z com Securities Thailand to Cease Operations in 2025
WikiFXOil Prices at $90 to $100 Could Push Philippines Inflation Beyond Target
WikiFXDo More Liquid Currencies Yield Higher Profits?
WikiFXTrump Media Expands into Crypto with $250M Truth.Fi Investment
WikiFXNAGA Launches CryptoX: Zero Fees, 24/7 Crypto Trading
WikiFX