In spite of being one of the largest and fastest growing economies in the world, we believe investors do not have enough exposure to Chinese equities, in particular onshore Chinese equities. We’ve found that the average international investor’s total China exposure is 4.6% of its total assets.
The S&P 500 dipped and the Nasdaq ended sharply lower on Wednesday after a growing wave of weak economic data deepened worries that the Federal Reserve's rapid interest rate hikes might tip the U.S. economy into a recession.
Most global central banks may be either close to a peak or already done with interest-rate hiking, auguring a hiatus before possible monetary loosening comes into view.
GBP/USD was trading in a narrower range of around 50 pips on Thursday having hit an 11-month high the prior day after the Federal Reserve raised rates but signaled an end to its tightening cycle is in sight. The technicals are left bullish, however, while on the front side of the weekly dynamic support line as the following will illustrate:
The GBPJPY pair continued the profit gaining, to notice forming correctional bearish rebound and approach the additional support at 169.00, while the contradiction between the major indicators allows us to expect surrendering to the domination of the sideways bias until gathering the required additional positive momentum to renew the positive action and achieve some gains by rallying towards 170.60 and 171.40 levels.
The official non-manufacturing purchasing managers' index (PMI) stood at 56.4 versus 58.2 in March, according to data from the National Bureau of Statistics, above the 50-point mark that separates expansion and contraction in activity on a monthly basis.
Oil prices fell 4% on Wednesday, extending steep losses from the previous session after the U.S. Federal Reserve raised interest rates and as investors fretted about the economy.
China’s non-manufacturing activity expanded at a slower pace in April, official data showed on Sunday, a discouraging sign for policymakers counting on services consumption to offset frailty in the factory sector amid slack global demand.
Brent crude futures fell $2.23, or 2.7%, to $79.94 a barrel, after rising to a session high of $84.20. It hit a session low of $79.72, its lowest since Jan. 11.
The Australian dollar has racked up sharp gains on second May. In the European session, AUD/USD is trading at 0.6691, up 0.93%. As the RBA surprises markets with a 0.25% rate hike, versus the expectation of no change in the current monetary policy.
The Fed signaled a pause in monetary restrictions while its chairman tried not to rule out a rate hike in the future. It turned out not very convincing, leading to the EURUSD growth to annual highs. Let's discuss this topic and make up a trading plan.
Forex trading is already a very popular and accessible type of the financial trading. It is now more like a 'people financial trading' with many traders treating it as some kind of the home business opportunity.
Raoul Pal, one of the favourite prominent finance experts, recently tweeted about the over-leveraged economy, and GDP growth being insufficient to cover interest payments on government and private sector debt.
AUS Global, a global trading provider, is thrilled to announce the appointment of Hietham Abdulhalim as the new Head of Sales for the MENA division of AUS Global.
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
On Thursday, shortly after the Fed's interest rate resolution was announced, the banking crisis escalated again; the U.S. dollar index continued to fall after the opening, once under the forced 101 mark before the European session; however, last night after the European Central Bank interest rate resolution slowed the pace of interest rate hikes as expected, the euro weakened to push the U.S. index moderately higher, once up to 101.64 during the day, closing up 0.24% at 101.45.
AUS Global, a leading financial services provider, has been announced as a diamond sponsor for the upcoming Forex Traders Summit, which is scheduled to take place on May 17-18 in The Ritz-Carlton, Dubai.
On Thursday (May 4), during the Asian session, spot gold rallied and retreated, earlier once refreshing the all-time high to near $2079.38 per ounce; because the Federal Reserve interest rate resolution as expected to raise interest rates by 25 basis points, and implied that the tightening cycle will be suspended, the market expectations of the Fed rate cut in September rose sharply, the dollar and U.S. bond yields fell, giving gold prices to support the upward momentum. But then gold prices ret
WCG Markets:2023-05-04
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】