GemForex - weekly analysis
The week ahead: US Dollar struggles to find demand
Mohicans markets：December 6-European Perspective
On Tuesday, December 06, Beijing time, during the Asian and European session, spot gold rally blocked and is currently trading at $ 1770.11 per ounce. After the US non-farm payrolls data for November came out last week, the US ISM non-manufacturing PMI data for November came out on Monday with a very strong performance, intensifying market concerns that the Federal Reserve may accelerate interest rate hikes.
Mohicans markets：MHM Today’s News
On Monday, December 5, a number of better-than-expected U.S. data reinforced expectations that the Fed would keep tightening, and the dollar index rebounded to above 105, closing up 0.75% at 105.29. Non-dollar currencies continued to fall, with AUD/USD down 1.50% during the day, USD/CAD up to 1.36, EUR/USD down 1.05, USD/JPY up 1.50% during the day, both offshore and onshore RMB recovered 7.0 level.
Macau casino stocks: Can Sands and Wynn see further boost from Beijing?
Macau casino stocks have jumped since early November. Beijing announcing existing licence will be renewed and hopes of an end/easing in covid restrictions are seen as key reasons for the stock rises.
OPEC+ leaves oil supply on hold as Russia price cap starts
The Organisation of Petroleum Exporting Countries (OPEC) on Sunday agreed to maintain its planned monthly oil output, as the European Union agreed to impose a price cap on Russian oil.
EUR/USD falls on robust US ISM Services data, tumbles below 1.0500
EUR/USD is the forex ticker that tells traders how many US Dollars are needed to buy a Euro. The Euro-Dollar pair is popular with traders because its constituents represent the two largest and most influential economies in the world.
Stock market today: Dow wobbles on mixed economic data ahead of jobs report
Stocks cut much of their earlier losses Friday as investors looked past hotter-than-expected labor data to the upcoming Federal Reserve meeting.
12/06 Market report
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
???? NFP, the end of a week of rising data
The monthly non-farm payroll report from the U.S. Department of Labor can have a substantial impact on forex markets when the numbers are released on the first Friday morning of a new month.
Upcoming Weekly Adjustment on Index Dividend Notice
Pacific Union is a multi-asset broker offering trading via the MT4 and MT5 platforms. PU Prime delivers an online brokerage service to customers in over 120 countries worldwide.
5 Practical Ways A Trader Can Survive A Recession
The Great Recession, which lasted from December 2007 to June 2009, was the longest economic downturn since World War II. Now, a decade later, there is talk and worry that another one is coming, likely in 2023. While many investors lost their stakes in panic selling, for traders, recession presents an opportunity for taking advantage of it instead of being exploited. The trick to survive a recession is to remain prudent, yet keep an eye on market trends to recognize profit opportunities. Be sure
Mohicans markets：December 5-European Perspective
On Monday, December 5, Beijing time, during the Asian and European session, spot gold shocks up and once refreshes nearly five months high to 1809.85 U.S. dollars per ounce. Several cities in Asia relaxed epidemic control last weekend, the market's safe-haven demand for the dollar weakened, the Fed will slow the pace of interest rate hikes is also expected to linger; the dollar index fell to a new low of more than five months, which gives gold prices to provide upward momentum.
Is It Important to Join the Russian Forex Forum for Traders?
Since the war of Russia between Ukraine, the commodity of forex is down. So, it can make traders take back steps to buy forex. So, the forex will paralyze.
Mohicans markets：MHM Today’s News
On Friday, December 2, the U.S. November non-farm payrolls data far exceeded expectations, making the market more worried about the Fed's monetary tightening will remain longer; the dollar index, which hit a five-month low during the day, quickly turned up, but turned down after a sharp rise to 105.61, finally closing down 0.22% at 104.51. The offshore yuan approached 7.00 during the day to hit a new high of more than two months.
5 Reasons Why 'Cash Is King' During a Recession
Increasing chatter about a possible global recession in 2023 might force traders to reconsider their trading strategies accordingly. While the financial markets react differently during economic downturns, in rough waters, people often turn to ‘cash’ as a safe haven. This lends more significance to the saying that “Cash is King” during a recession.
12/05 Market report
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
Only five companies have a market cap of over 1 trillion
They are Apple, Saudi Aramco, Microsoft, Alphabet and Amazon. Apple and Saudi Aramco are over 2 trillion USD.
Mohicans markets：12.02 European Viewpoint
On Friday (December 2, Beijing time), during the Asian European session, spot gold fell slightly in shock. At present, it is trading near 1798.88. On the one hand, the dollar index has gained some support near the low point in the past five months and rebounded slightly, putting pressure on the gold price.
12/02 Market report
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
Mohicans markets：MHM Today News
On Thursday (December 1), expectations of the Federal Reserve slowing down interest rate hikes rose, and the dollar index fell below 105, a new low since August, closing 1.07% lower at 104.74. Non US currencies rose sharply.
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