US Stocks Close Mixed, Dollar Eases, Bitcoin Soars
Bullish Bias for EUR/USD and GBP/USD, Cautious Approach for USD/JPY and Dow Jones (CME)
10/23 Market report
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
MHMarkets：The dollar index rose during Asian markets, with an upward break above yesterday's highs blocked. USDJPY traded cautiously on concerns about the Bank of Japan intervening in the market.
At the end of the Asian market on Monday (October 23), the US dollar index rose at the opening of the Asian market the following week and was hindered near 106.37 above, with the current price at 106.33.
MHMarkets：October 23, 2023--Fundamental Reminder
On Friday, the dollar index remained rangebound above the 106 mark before closing down 0.07% at 106.16. Treasury yields rose and then fell, with the yield on the 10-year Treasury flirting with the 5% mark and rising as high as 4.99% before easing to close at 4.914%.
Safe haven gold approached the vital $2,000 mark last Friday The Palestinian-Israeli War has exacerbated uncertainty in the Middle East
Safe haven gold approached the vital $2,000 mark last Friday The Palestinian-Israeli War has exacerbated uncertainty in the Middle East
Weekly News 2023/10/16-2023/10/20
Index / Stocks / Crypto / Metals / Commodity & Futures / Forex
Markets Grapple with Rising Yields: Volatility Persists as 10-Year Treasury Nears 5%
U.S. Stocks Grapple with 10-Year Yield Near 5%, Powell's Inflation Remarks Add Pressure
MHMarkets：The US dollar index rose in the Asian market and was hindered from breaking above yesterday's high. USDJPY trading is cautious due to concerns about the Bank of Japan's intervention in the market.
On Friday (October 20) at the end of the Asian market, the dollar index was affected by Powell's speech yesterday, the price volatility increased, and broke through the previous low point,
MHMarkets：October 20, 2023--Fundamental Reminder
Amid the escalating Israeli-Palestinian conflict, Federal Reserve Chairman Powell's speech became the market focus overnight. Mr Powell sought to preserve flexibility for the Fed, saying the FOMC was moving cautiously, that policy was not too tight for now, inflation was still too high and rising yields could mean less need to raise rates. The dollar index jumped up and down during Mr. Powell's remarks, closing down 0.27% at 106.24.
Powell's dove speaking puts pressure on the US dollar Gold has risen to a high in nearly three months
Powell's dove speaking puts pressure on the US dollar Gold has risen to a high in nearly three months
WCG Markets:2023-10-20
WCG Markets:2023-10-20
10/19 Market report
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
Just2Trade brand received FOREXTOP award
The Just2Trade brand was honored to receive in May 2023 the renowned Forextop award, which ranked the company as one of the 10 Top FX brokers worldwide.
MULTIBANK GROUP CONTINUES GLOBAL EXPANSION WITH GRAND OPENING IN VIETNAM
MultiBank Group expands into Vietnam, reinforcing its presence in Asia and commitment to top-tier financial services. Join us now!
MHMarkets：The US dollar index rose in the Asian market and was hindered from breaking above yesterday's high. USDJPY trading is cautious due to concerns about the Bank of Japan's intervention in the market.
At the end of the Asian market on Thursday (October 19), the US dollar index rose and was hindered from breaking through yesterday's high.
MHMarkets：October 19, 2023--Fundamental Reminder
Wednesday's housing starts data, though weaker than expected, and Fed Governor James Waller's reversal that the central bank may need to keep raising rates, signaled support for holding fire. The dollar index moved higher, closing up 0.33% at 106.58.
MHMarkets：October 19, 2023--Fundamental Reminder
Wednesday's housing starts data, though weaker than expected, and Fed Governor James Waller's reversal that the central bank may need to keep raising rates, signaled support for holding fire. The dollar index moved higher, closing up 0.33% at 106.58.
Stocks Sink as Treasury Yields Keep Rallying
Dow Jones Falls 1%, S&P 500 Drops 1.3%, and Nasdaq 100 Slides 1.4%
WCG Markets:2023-10-19
WCG Markets:2023-10-19
FX Analysis – Yield spike on hot retail sales fails to lift USD, AUD outperforms, JPY , NZD.
On Tuesday, despite a significant rise in treasury yields driven by better-than-expected US retail sales figures (which increased by 0.7% month-on-month compared to the expected 0.3%), the US dollar (USD) remained within a narrow trading range.
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