10/21 Market report
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
Upcoming Market Updates: AUD, GBP, CAD, USD
Upcoming Market Updates: AUD, GBP, CAD, USD
The Contrarian Case for a EUR/USD Rally if Rates Can Break Above
It’s not particularly hard to make a bearish case for the European economy, especially relative to the US.
Canadian Inflation Higher than Expected
Services price inflation rose quickly through the first half of 2022, reaching about 5% this summer. With further increases in goods prices in 2022 and a rapid rise in services prices, total CPI inflation rose sharply, reaching 8.1% in June. Canadian CPI for September was 6.9% YoY vs and expectation of 6.8% YoY and an August reading of 7%.
Forex Myths and The Truth Behind Theme
This statement is the most commonly found and widely believed by novice traders.
Mohicans markets：MHM Today News
On Wednesday, October 19, the dollar index rose 1% in the day to close at 113, up 0.776% to 112.92. EUR/USD fell nearly 1% and fell below 0.98; The dollar/yen further approached the 150 level, hitting a 32 year low for three consecutive days this week; GBP/USD fell by more than 100 points, once falling below 1.12. The 10-year US bond yield climbed to 4.138%, breaking 4.1% for the first time in 14 years. The 30-year UK bond yield fell by more than 30 basis points and lost 4%.
WIKIFX REPORT: USD/CHF’s recovery extends to session highs past 1.0000
• The US dollar regains lost ground and returns above parity. • Fed tightening hopes, and higher US yields are underpinning the USD. • USD/CHF is at a key resistance area of 1.0065/75.
WIKIFX REPORT: Canadian Dollar Update, October 19, 2022 – Canadian dollar awaiting CPI data
USD/CAD Open: 1.3726-30, Overnight Range: 1.3721-1.3783, Previous Close: 1.3733
WIKIFX REPORT: U.S. dollar has become 'bit of a wrecking ball': Strategist.
The strong dollar is wreaking havoc on other countries and U.S. multinationals operating abroad. Some strategists see no near-term stop to the rising dollar, even amid a recession.
MultiBank Group Announces Two New Licenses in the UAE and Singapore
Multibank's new licenses in the UAE and Singapore will assist to strengthen its image as a trustworthy broker.
The Best Pair of Forex Exchange That You Should Know
Many people are interested because it’s the most liquid in the world. There are a lot of pairs of exchanges in this market. So, traders should choose the best one. In this market, traders should sell and buy pairs of forex.
Mohicans markets：10.19-MHM European Perspective
On Tuesday,October 18, in the Asian session, spot gold weakened in shock, at present, the trading volume is around 1645 US dollars/ounce. The market turbulence caused by the British fiscal policy has subsided, but the expectation that most central banks in the world will further raise interest rates is lingering.
Mohicans Markets:Hitting Exhibition| MHMARKETS Makes a Dazzling Appearance at the Dubai Trade Feast
October 11-October 13, 2022, the exhibition was held at the Crowne Plaza Festival City in Dubai. The exhibition is not only the largest trading feast in the Middle East, but also a global financial feast, which provides an international stage for global trading enthusiasts and brokers to exchange and learn from each other and explore the development of the industry.
Forex Order Types that No One Can Survive Without It
If you are relatively new to the forex market, then don't be surprised if there are many terms to learn.
Mohicans markets：MHM Today News
On Tuesday, October 18, the dollar index fell 112 intraday, closing down 0.054% at 112.05. The yen hit another 32 year low. The 10-year US Treasury yield hovered at 4%.
WIKIFX REPORT: BOC: SHORT-TERM INFLATION EXPECTATIONS HAVE EDGED DOWN BUT REMAIN ELEVATED
• Bank of Survey. • Business confidence has softened but is still positive. • Short-term inflation expectations edged down but remain elevated.
WIKIFX REPORT: Euro consider risk premium. Forecast as of 18.10.2022
When disaster approaches but does not come, any positive news is received with relief. EURUSD had plenty of factors to take off, and the pair has been up. What’s next? Let us discuss the Forex outlook and make up a EURUSD trading plan.
WIKIFX REPORT: Yen does not waste words. Forecast as of 17.10.2022
The potential for a 29% USDJPY rally since the beginning of the year is still untapped. Only currency interventions can stop the pair's growth. Let us discuss the Forex outlook and make up a trading plan.
WIKIFX REPORT: Short-term analysis for oil, gold, and EURUSD for 18.10.2022
You are all welcome to our site and get to read about our recent article in which a price forecast for US Crude, XAUUSD, and EURUSD was made using a combination of margin zones methodology and technical analysis. And Based on the market analysis, we recommend entry signals for intraday traders.
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