MHMarkets：Trading in the Asian market was lackluster, with USDJPY trading cautious due to concerns about the Bank of Japan's intervention in the market.
At the end of the Asian market on Wednesday (October 18), the US dollar index accelerated its decline, with prices approaching resistance below 106.05, and the current price is at 106.12. Gold rose at the opening of the Asian market and broke through 1930.90, but was hindered until 1942.85.
MHMarkets：October 18, 2023--Fundamental Reminder
While other economic data released Tuesday were mixed, the most important "scare number" far exceeded expectations, indicating that U.S. consumption remained hot and markets were betting that the odds of a December rate hike had briefly risen. Stronger-than-expected inflation and consumption data could complicate the Fed's problems. As a result, the dollar index rose before turning lower in late trading to close down 0.04% at 106.2.
Strong retail sales data US bond yields hit a 17-year high But precious metal bulls keep still
Strong retail sales data US bond yields hit a 17-year high But precious metal bulls keep still
Week 42 data: EURUSD and gold
This preview of weekly data looks at EURUSD and XAUUSD, where economic data coming up later this week are the main drivers in the markets for the near-term outlook. The most important economic data for this week are
Markets unwind weekend geopolitical hedges
USD turned lower as risk sentiment bounced back to kick off another busy week. Tensions in the Middle East eased slightly curbing safe-haven demand for the dollar.
Gold & Silver Rocket (more) on War & Economy Double
The combination of deteriorating economic conditions and the specter of a global war saw gold and silver prices jump the most since the banking crisis on Friday
Bank of America gains 3% after earnings ???? Goldman Sachs loses
Bank of America, the second largest bank in the United States, witnessed a surge of over 3% in its shares today. This notable uptick can be attributed to the bank surpassing predictions and achieving a 10% year-on-year improvement in profits.
Australian Dollar Holds Steady After RBA Minutes Release
The Australian Dollar (AUD) persisted in its upward movement against the US Dollar on Tuesday, experiencing a second day of consecutive gains. The currency's positive performance was predominantly driven by the disclosure of the Reserve Bank of Australia (RBA) minutes for the October 2023 session, unveiling a relatively optimistic stance.
WCG Markets:2023-10-18
WCG Markets:2023-10-18
10/17 Market report
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
MHMarkets：After a slight decline in the Asian market, the US dollar index received support and might rise in the future market.
At the end of the Asian market on Tuesday (October 17), the US dollar index rose after encountering support below.
MHMarkets：October 17, 2023--Fundamental Reminder
This year, FOMC voting committee, Philadelphia Fed President Harker continued to release doves, reiterated that the Fed should not consider further interest rate hikes, inflation is expected to weaken, the futures market expects the probability of no interest rate hike in November is more than 90%, the probability of interest rate hike in December is only 30%, the dollar index fell, closing down 0.32% at 106.21.
Financial Markets Update: Stocks Soar Amidst Tech Surge and Dollar Decline
Volatility Persists as Cryptocurrencies React to Regulatory Developments
WCG Markets:2023-10-17
WCG Markets:2023-10-17
10/16 Market report
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
MHMarkets：The US dollar index slightly declined in the Asian market and the US dollar was in a stage of gradual correction.
At the end of the Asian market on Monday (October 16), the US dollar index fell slightly, and the current price is in a stage of gradual correction.
MHMarkets：October 16, 2023--Fundamental Reminder
On Friday, the escalation of conflict in the Middle East sparked risk aversion in the market, but with the dollar index already high and dovish signals from several Fed officials, it ended up only 0.16% at 106.68.
OTFX: Leading Trading Platform to Launch Soon in Malaysia
Malaysia, October 10, 2023 - Today, OTFX, a leading international forex trading brand, announced the imminent arrival of their highly anticipated trading platform to the Malaysian market
OTFX Shows Global Strength in Malaysia Market Heats Up!
Kuala Lumpur, Malaysia - OTFX, the world's leading fintech company, is once again making waves in the Malaysian market, highlighting its global strength and excellence.
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