Navigating the Gold Market: How the upcoming US CPI and PPI data could influence FOMC decisions
Gold traders are keeping a close eye on this week’s US CPI and PPI figures as the data points will undoubtedly influence the FOMC meeting on 20 September and 1 November.
Focus on the Fed, the BoE and the BoJ
On Monday 18th: The US NAHB/Wells Fargo Housing Market Index is released.
Binance.US loses chief legal and risk executives after CEO's exit, is the platform going bust?
Binance.US, the subsidiary of Binance.com in the US, has made headlines two consecutive days for the wrong reasons. This has inspired speculation of possible trouble in paradise that could ultimately blow up in the face of community members.
Mastering Forex IB: Strategies for Success and Profitability
Mastering the art of Forex IB requires a comprehensive understanding of the market, effective marketing strategies, and a commitment to fostering client relationships.
Optimizing Your Trading with MetaTrader 4
Trading platforms play a crucial role in facilitating efficient and effective trading. Among the most popular and widely used platforms is MetaTrader 4 (MT4).
MHMarkets：The US dollar has steadily risen within the day, precious metals continue to rise, and US crude oil continues to squeeze positions!
On Monday (September 18th), both gold and silver prices rose slightly. Spot gold prices continue to hover around $1930 per ounce.
MHMarkets：September 19, 2023--Fundamental Reminder
On Monday, the U.S. dollar index retreated from nearly six-month highs, but still ran above the $105 mark, and eventually closed down 0.24% at 105.07. In terms of U.S. bond yields, two-year U.S. bond yields opened abruptly soaring to a high of 5.490%, and then retraced all of its gains back down to near 5%, and ultimately closed up at 5.056%; 10-year U.S. bond yields narrowly avoided the top of 4.3%, and finally closed at 4.303%.
Federal Reserve Rate Decision is approaching The rise of the US dollar is hindered, and gold breaks through $1,930 resistance
Federal Reserve Rate Decision is approaching The rise of the US dollar is hindered, and gold breaks through $1,930 resistance
WCG Markets:2023-09-19
WCG Markets:2023-09-19
09/18 Market report
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
MHMarkets：The U.S. dollar weakened slightly during the day, precious metals collectively surged, and U.S. crude oil continued to strengthen!
U.S. stocks fell last Friday (September 15) as massive options expiration added to volatility. Traders weighed the impact of each auto workers' strike while scrutinizing economic data ahead of the Fed's decision.
MHMarkets：September 18, 2023 - Fundamental Reminder
On last Friday, the dollar index hovered around the 105 mark before ending down 0.01% at 105.33, notching its ninth straight weekly gain. In terms of US Treasury yields, the two-year US Treasury yield fell first and then rose, rising to an intraday high of 5.054% before closing at 5.037%. The yield on the 10-year Treasury climbed back above 4.3% to end at 4.336%.
The US dollar continues to maintain a high consolidation trend Euro kept adjusting under pressure Gold soared high but fell back when obstructed
Last Friday (September 15th), the USD/JPY long position rose to 147.80, continuing to approach the key level of 148.
WCG Markets:2023-09-18
WCG Markets:2023-09-18
09/15 Market report
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
MHMarkets：The U.S. dollar broke out yesterday and surged today with intraday weakness, non-U.S. currencies are significantly weaker than precious metals, and U.S. crude oil has broken the integer level of $90!
On Thursday (September 14), the ECB chose to raise interest rates by 25 basis points, realizing the tenth consecutive interest rate hike, and raise the main interest rate to 4%.
MHMarkets：September 15, 2023 - Fundamental Reminder
On Thursday, the dollar index rose sharply in pre-market trading on the back of strong U.S. data, breaking through the 105 mark and reaching an intraday high of 105.43 before closing up 0.56% at 105.34.
Market Closure in September
Please be advised that the following instruments' trading hours and market session times will be affected by the upcoming September holidays.
WCG Markets:2023-09-15
WCG Markets:2023-09-15
09/14 Market report
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
Latest News
Crypto.com Delists USDT and 9 Tokens to Comply with MiCA Regulations
WikiFXAI Fraud Awareness Campaign: "We're Not All F**ked"
WikiFXHow to Use Financial News for Forex Trading?
WikiFXFake ‘cyber fraud online complaint’ website Exposed!
WikiFXDay Trading Guide: Key Considerations
WikiFXNAGA Launches CryptoX: Zero Fees, 24/7 Crypto Trading
WikiFXScam Alert: 7 Brokers You Need to Avoid
WikiFXAvaTrade Launches Advanced Automated Trading Tools AvaSocial and DupliTrade
WikiFXWhat Determines Currency Prices?
WikiFXWhy More Traders Are Turning to Proprietary Firms for Success
WikiFX