Mai hui MHmarkets: June 21, 2023 - Fundamental Reminder
On Tuesday, because of the "blowout" U.S. housing starts data, spot gold dived sharply before the U.S. market, and once fell below the $1930 mark to an intraday low of $1929.82, and then recovered some of the lost ground, finally closing down 0.72% at $1936.43 per ounce
USDJPY price analysis for 13.06.2023
The USDJPY currency pair has experienced a notable shift in market dynamics as the price line recently broke below a bullish channel that had been guiding its upward trajectory.
WCG Markets:2023-06-21
WCG Markets:2023-06-21
Stock market today: Dow snaps 4-week losing streak amid mixed quarterly earnings
The Dow closed lower Friday, snapping a four- week win streak on mixed quarterly earnings ahead of results from big tech next week. The Dow Jones Industrial Average was 0.1%, or 22 points higher, the Nasdaq rose 0.1%, and the S&P 500 added 0.1%.
China's yuan weakens as lending rate cut by less than expected, more stimulus awaited
The yuan weakened against the dollar after China cut a key lending benchmark rate on Tuesday, though rates were not reduced by as much as expected and the market was still awaiting more details on plans to stimulate a stuttering economic recovery.
CertiK Receives $500k For the Discovery of a Vulnerability in Sui Network
Smart-contract audit company CertiK has been awarded the sum of $500k by Sui Foundation for the discovery of a potential attack vector on the Sui network.
Google is not falling behind in the AI arms race. Can the stock price continue to rise after a 40% i
The introduction of ChatGPT into the market has triggered a worldwide race to dominate the AI market. Its exceptional technological prowess and the possibility of exceeding human capabilities have not gone unnoticed by industry giants. The resulting AI frenzy has seen participation from top corporations such as Google, Amazon, Meta, Microsoft, and Apple, all vying for the top spot in this burgeoning industry.
Global Stock Rally Falters, Focus on Powell Testimony
On Monday, global stocks dropped from 14-month peaks, as investors waited for testimony from U.S. Federal Reserve Chair Jerome Powell as markets stay dominated by bets on monetary policy.
ECB: Taking cues from the flexible Fed
Anticipations of a 25 basis points rate increase prevailed ahead of the latest ECB meeting. The market was predominantly concerned with the forward guidance and the prospective path of the rates. In brief, despite an uptick in inflation expectations and a reduction in GDP projections, the ECB aims to adhere to a supple and information-oriented methodology in its future endeavors.
Australia stocks higher at close of trade; S&P/ASX 200 up 0.86%
Following the close of trading on Tuesday, the Australian stock market experienced an upturn, driven by notable gains in the Energy, A-REITs, and Financials sectors. The S&P/ASX 200 index closed at a new 1-month high, reflecting a 0.86% increase.
ASX200 Afternoon Report June 20, 2023
The ASX200 trades 68 points (0.90%) higher at 7363 at 4.00 pm. With US equity markets closed overnight for the Juneteenth holiday, the ASX200 has today taken its lead from action from Chinese authorities to stimulate its flagging economy. The rally has been broad-based, with all eleven sectors trading higher.
Forex Trading: How to Buy the Rumor and Sell the News?
The ‘Buy the Rumor, Sell the News’ strategy is one of the most common fundamental analysis-based trading approaches. This forex trading strategy relies on what traders believe will happen in an upcoming forex event. It all begins with a trader buying a currency on the strength of a rumor. Following the occurrence of the anticipated event (e.g., the Federal Reserve meeting), as soon as the news is up, the trader sells their positions, often at a considerable profit.
How Much Money Do You Need To Start Forex Trading ($5, $50, $500)
Do you dream of making significant gains in the Forex market, but your current financial situation seems far from ideal? Fear not! Discover the surprising truth behind starting capital and the steps you can take to start forex trading journey with as little as $5, $50, or $500. Spoiler alert: It's not about the size of your wallet, but the size of your determination instead!
Mai hui MHmarkets: June 20, 2023-MHM European Perspective
On Tuesday (June 20), spot gold weakened slightly during the Asian session, reaching a three day low of $1945.02 per ounce, approaching the 100 day moving average, currently trading around $1948.82 per ounce.
Mai hui MHmarkets: June 20, 2023 - Fundamental Reminder
On Monday, spot gold fell sharply in the European session and once fell below the $1,950 mark to an intraday low of $1,947.86, eventually holding the $1,950 mark and closing down 0.38% at $1,950.47 per ounce; spot silver "faltered" near the $24 mark and eventually closed down 0.97% at $23.95 per ounce.
Delisted Products in June
Delisted Products in June
WCG Markets:2023-06-20
WCG Markets:2023-06-20
8 Questions to Ask Yourself Before You Open a Forex Account
Do you think it would be a good idea to open a forex account given a large number of success stories on the internet? Are you currently trading on a demo account for more than two months and willing to switch to real-time trading? If you rush into opening a live forex trading account without asking yourself some questions, you are going to make one of the biggest mistakes of your life.
What the Strong US dollar has to do with the Global Economy?
In 2022, the value of the U.S. dollar has grown an impressive 14% compared to major currencies, reaching its highest level since the early 2000s. The dollar continues to surge despite recession fears and signs of a slowing economy. For the first time in two decades, the strong US dollar, on a steady upward trend for a year now, has exceeded the ‘Euro’. Likewise, the Japanese ‘Yen’ is also dropped significantly against the strong US dollar.
USDJPY rallies to seven-month high as Fed defends hawks despite no rate change verdict
Federal Reserve announced the much-awaited pause to its rate hike trajectory on Wednesday but markets made a peace with a hawkish halt with upbeat economic forecasts and the policymakers’ readiness to assess more details for each upcoming rate increase.
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