The US dollar rebounded after short-term oversold, but the overall trend remains bearish
The US dollar rebounded after short-term oversold, but the overall trend remains bearish
Notification of Change in the Leverage of Cryptocurrency and US Shares
Please be advised that the leverage on Cryptocurrency and all US Share CFDs products will be adjusted starting from 4th December 2023 to further optimize the competitiveness and improve the trading environment.
12/01 Market report
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
WCG Markets:2023-12-01
WCG Markets:2023-12-01
WTI rises amid OPEC+ meeting speculations, weaker US Dollar
WTI Crude Oil climbs over 1%, trading around $77.65, rebounding from a low of $75.74.
This Week, Hut 8 and US Bitcoin Corp. Will Complete Their Merger
Bitcoin Mining Merger: US Bitcoin Corp and Hut 8 to Form a US-Based Powerhouse Expect a groundbreaking merger to take place between US Bitcoin Corp and Hut 8 by November 30. This strategic alliance will establish a dominant bitcoin mining entity with its headquarters in the United States.
Market Update: Understanding the Recent US Dollar Drop and Its Implications
Let's immediately explore the noteworthy recent market shifts that have generated significant attention. The considerable plunge in US 2-year bond yields has had a profound effect, altering the direction of the US dollar significantly. Nevertheless, it is essential to analyze the fundamental aspects of this phenomenon before proceeding further.
Look ahead 30/11/23: China PMI; US Core PCE; German retail sales; OPEC+; Dell
Ahead of Fed chair Jerome Powell’s speech, investors get a raft of data including the latest US core PCE price index and China manufacturing and services print. Oil could be volatile in the run up to the OPEC+ meeting.
Forex Risk Management Guide
The forex market, renowned for its ever-changing nature and attractive profit potential, holds immense allure for traders across the globe. Nevertheless, achieving success in navigating this global exchange market brings forth various challenges, predominantly the element of risk. In this extensive guide, we shall thoroughly explore Forex Risk Management, providing you with essential tools and knowledge to ensure prosperous trading endeavors.
European stocks mixed; German retail sales help sentiment
The European stock markets exhibited a blend of performances on Thursday, benefiting from robust German retail sales. This positive momentum emerged in anticipation of the crucial release of eurozone inflation data for November.
MHMarkets：The Fed's Brown Book showed that economic activity has slowed down since the last report.
At the end of the Asian market on Thursday (November 30), Cleveland Fed Chairman Mester recently stated that US inflation has cooled, while economic activity and labor markets have slowed down.
MHMarkets：November 30, 2023--Fundamental Reminder
On Wednesday, the dollar index recovered from a more than three-month low on another stronger-than-expected U.S. economic growth in the third quarter and repeatedly tested the 103 mark in U.S. trading, but failed to hold above it and ended up 0.10% at 102.84. Treasury yields continued to fall, with the 10-year Treasury yield falling below the 4.3% mark to close at 4.259%; The yield on the two-year Treasury note, which is more sensitive to the Fed's policy rate, retreated to 4.646%.
The expectation of the Federal Reserve cutting interest rates has increased, and gold has reached a nearly seven month high;
The expectation of the Federal Reserve cutting interest rates has increased, and gold has reached a nearly seven month high;
11/30 Market report
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
WCG Markets:2023-11-30
WCG Markets:2023-11-30
MHMarkets：Fed hawkish officials became "dove", and the dollar index hit a three-month low.
At the end of the Asian market on Wednesday (November 29), two hawkish Fed officials softened their attitude towards interest rate policy last night, strengthening market expectations that the Fed has completed a rate hike.
MHMarkets：November 29, 2023--Fundamental Reminder
The dollar index continued its slide on Tuesday, losing 103 and falling to an intra-day low of 102.61, a three-month low, before ending down 0.44% at 102.73, where it has now closed in negative territory for four consecutive days. The yield on the 10-year Treasury note failed to hold above the 4.4% mark, ending at 4.324%. The yield on the two-year Treasury note, which is more sensitive to the Fed's policy rate, fell 4.8% to close at 4.742%.
Forex4you Introduces Cutting-Edge Partner Strategies Program for Partner Success
Forex4you Introduces Cutting-Edge Partner Strategies Program for Partner Success
Daily Outlook: Continue Long Pound?
All indicators point towards a bullish scenario for GBP/USD. The improvement in global risk sentiment is strengthening GBP and weakening USD. Both retail sentiment and seasonality analyses align, recommending a long position for GBP/USD, emphasizing the potential for GBP gains and USD losses.
WCG Markets:2023-11-29
WCG Markets:2023-11-29
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