Mohicans markets：MHM Today’s News
On Thursday, October 13, the release of U.S. inflation data triggered sharp volatility across financial markets. The dollar index fell heavily below 113 after the CPI release, closing down 0.724% at 112.47. The daily volatility of the dollar index was nearly 200 points, and the yen once depreciated to the early 1990s level. The U.S. 30-year Treasury yield rose to 4%, which was the highest level since 2011. U.S. Treasury yields touched a 15-year high 2 years ago.
US equities surge after shrugging off hot CPI figure in chaotic session
US stocks ripped higher after a hot CPI figure saw the S&P 500 open over 2% down from the previous close only to finish up 2.6%. This came despite an Inflation figure that was higher than analysts expectations (8.1% YoY) at an 8.2% increase from September last year and a 40 year high.
AUD bounces strongly in line with US equity’s jump
The US indices pumped higher as holders of shorts had to close their positions which resulted in one of the strongest sessions in recent months. The US dollar finally dropped back down, and it gave the AUD some much needed relief and is showing some potential of a short-term reversal.
US stocks end slightly lower in a choppy session after hot PPI data and mixed FOMC minutes.
US markets mostly tread water ahead of CPI on 13th October figure, equities and the USD traded in a fairly tight range, a lack of expected chaos out of the UK and what were considered a mixed FOMC minutes saw markets in a holding pattern as traders await US inflation data.
10/14 Market report
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
The Good Attitudes for Trader that Must be Followed
The world of trading is very wide in scope. Passion make someone is able to know everything in a full shape. Trading is not only about technical matters, but also about getting to know the market.
Mohicans markets ：October 13--MHM European Market
On Thursday, October 13, during the Asian period, the spot gold shock fell slightly, and currently traded at $ 1670 per ounce.
10/13 Market report
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
RCG markets. The latest South African Broker to join the ranks or another ticking time bomb?
If you have been trading in South Africa for any amount of time you would come to know how quickly brokers can turn to scams as the FSCA has shut down a considerable number of forex institutes. There are few local brokers you can trust as almost every day we encounter brokers with regulatory status and bad customer service. Today we look at the latest South African broker to join the industry and we will be looking to see if the broker is indeed reliable or not.
NAGA Secures New Seychelles License
NAGA Group, a retail FX and CFDs broker that focuses on social trading, has announced that it has received a financial license from the Seychelles regulator in order to expand its global operations. NAGA's founder and CEO, Benjamin Bilski, stated:
Forex Trading Bitcoin for Forex Trading Modern
A characteristic of business nowadays is practice, profitability, flexible. All of those characteristics are found in bitcoin. That is why bitcoin is the choice for all modern people.
Mohicans markets：MHM Today’s News
On Wednesday, October 12, the dollar index fluctuated in the 113 range and fell after the release of the Fed minutes, eventually closing flat; the 10-year U.S. bond yield moved higher and pushed 3.98% after the release of PPI data, but turned lower and lost 3.90% after the minutes were released. Spot gold pulled up after the release of the minutes to break through $1678 per ounce, closing up 0.48% at $1673.26 per ounce; spot silver barely held the $19 mark, closing down 0.85% at $19.03 per ounce
OPEC+ oil output cut shows widening rift between Biden and Saudi royals
As a results of The OPEC+ organization’s decision, cut oil production will be cut despite stiff U.S. opposition has further strained already tense relations between President Joe Biden’s White House and Saudi Arabia’s royal family, once one of Washington’s staunchest Middle East allies, according to interviews with about a dozen government officials and experts in Washington and the Gulf.
Turkey’s Erdogan says he will keep cutting rates “as long as I am in power”
Turkish President Tayyip Erdogan vowed on Saturday that the central bank would continue to cut its policy interest rates every month for as long as he stayed in power, after it surprised markets by cutting rates twice in the last two months.
Canada’s economy has scope to slow with vacant jobs, central-bank governor says
Bank of Canada Governor Tiff Macklem said there is scope to slow the economy based on an “exceptionally high number” of job vacancies in the labor market.
Zara FX Won The “ Fastest Growing Broker” Award In FIN Expo Egypt 2022
Zara FX has risen to new heights, winning the prize for “Fastest growing Forex Broker” at the Egypt 2022 Forex Expo, and strives to lead the way forward through the use of cutting-edge technology, creative systems solutions, low-cost commissions, and unmatched customer care
FXDD CELEBRATES 20 YEARS IN THE FINANCIAL INDUSTRY
Leading brokerage firm, FXDD, is celebrating 20 years of providing cutting-edge services to financial market participants. This is a remarkable achievement, given that the retail trading industry is still relatively new. FXDD has stood the test of time, witnessing numerous service providers come and go over the past two decades. The ability to not just survive but thrive over the years is a testament to the company’s commitment to anticipate and innovate to meet the expectations of its clients.
TradeZero Halted Trading in Meme Stocks AMC, GME, KOSS. Now It Owes the SEC $100,000.
TradeZero will pay $100,000 for allegedly misleading investors about stock trading halts
TradeZero Announces Regulatory Approval for Retail Equity and Options Trading in Canada
TradeZero Holding Corp. (“TradeZero”), which operates broker-dealer subsidiaries that provide next-generation online trading platforms for active retail traders, announced that TradeZero’s Canadian subsidiary, TradeZero Securities Canada ULC (www.tradezero.ca), was admitted as a dealer-member of the Investment Industry Regulatory Organization of Canada and is approved to offer equity and options trading on US markets to retail traders in Canada. TradeZero’s Canadian broker dealer is headquartered in Oakville, Ontario.
TradeZero settles SEC charges it misled customers about meme stock trading halts
The U.S. Securities and Exchange Commission on Tuesday said the online brokerage TradeZero America Inc and its co-founder settled civil charges they falsely told customers that they did not restrict purchases of volatile "meme" stocks last year.
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