WCG Markets:2023-09-14
USD/CAD Open: 1.3596-68, Overnight Range: 1.3587-1.3640, Previous Close: 1.3640
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
On Wednesday (September 13), spot gold fluctuated and fell slightly during the Asian and European session and is currently trading near $1909.58 per ounce.
Roda JC Kerkrade and Mensa Finance declared cooperation
The dollar index rose and fell on Tuesday, flirting with the 105 mark in pre-market trading before giving up most of the day's gains to end up 0.02% at 104.54. In U.S. Treasury yields, the two-year yield rose sharply and stood at 5% to close at 5.020%, while the 10-year yield fell back to 4.280%.
US inflation data is coming soon, gold prices plummeted and lost its key support on Aug 21st
Market Analysis, Stock Movements, and Currency Updates
WCG Markets:2023-09-13
EUR/USD has corrected to 1.0767. Today, the market continues to decline to 1.0723. A break below this level could push the price down to 1.0697, followed by a potential rise to 1.0723 (a test from below).
Tuesday's FX session is turning out to be a mirror image of Monday’s session Where the USD was battered against its major peers. Today, seeing almost a full retrace of those moves as USD is once again king.
On Wednesday, the EUR/GBP closed above 0.8600, and the EUR gained ground over the GBP as investors are preparing an announcement of a 25 basis point (bps) hike by the European Central Bank (ECB) on Thursday.
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
The risk event calendar picks up this week with top tier US and UK data, the ECB meeting and a slew of Chinese figures to watch out for. The big recent theme across the summer has been the resilience in US economy data and the rise in both Treasury yields and the greenback.
U.S. law firm Simpson Thacher & Bartlett on Monday said it hired Katy Lukaszewski as a partner for its energy and infrastructure practice in Houston.
On Monday in Hong Kong trade, shares of Alibaba Group dropped after the e-commerce behemoth said that Daniel Zhang, the outgoing chief executive, would also step down as its cloud unit’s head.
On Monday (September 11), gold price rose, setting its best trading day in nearly a week and a half. The dollar retreated ahead of this week's key inflation data, which could influence the Fed's interest rate decision later this month.
On Monday, the dollar index fell below the 105 mark, falling as low as 104.42 during the day, before closing down 0.51% at 104.51. Treasury yields remained ranged, with the two-year yield failing to rise above 5% to close at 4.993% and the 10-year yield at 4.292%.
Navigating Global Markets: Stocks, Forex, and Commodities Analysis
Join our Invite Followers Competition at Land-FX and win big