Weekly News 2023/11/06-2023/11/10
Index / Stocks / Crypto / Metals / Commodity & Futures / Forex
MHMarkets：Powell makes hawkish comments; The Fed will not hesitate to raise rates if appropriate.
At the end of the Asian market on Friday (November 10), Fed Chairman Powell speaks during an International Monetary Fund (IMF) event on Nov. 9. Inflation has declined over the past year, but remains well above our 2% goal, Mr. Powell said.
MHMarkets：November 10, 2023--Fundamental Reminder
On Thursday, the dollar index fell to session lows on fresh signs of labor-market weakness in U.S. unemployment data, then jumped closer to the 106 mark on Powell's hawkish remarks before closing up 0.36% at 105.91.
Powell's speech maintains hawkish tone The US dollar continues to strengthen, gold rebounded stably
Powell's speech maintains hawkish tone The US dollar continues to strengthen, gold rebounded stably
11/10 Market report
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
MHMarkets：A debt crisis is coming! The "debt king" warns that the United States will enter an economic recession next year.
At the end of the Asian market on Thursday (November 9), Jeff Gundlach, the "debt king", said in an interview yesterday that the US $33 trillion debt mountain is becoming increasingly worrisome.
MHMarkets：November 09, 2023--Fundamental Reminder
The 10-year Treasury note auction showed strong overseas demand, with the yield falling below 4.5% to close at 4.497%; The yield on the two-year Treasury note, which is more sensitive to the Fed's policy rate, closed slightly higher at 4.936%.
Rollover Notification in November
Please be advised that the following CFD instruments will be automatically rolled over as per the dates in the table below. As there can be a pricing difference between old and new futures contracts, we recommend clients to monitor their positions closely and manage positions accordingly.
The rise of the US dollar has been hindered and the price of geopolitical risks has fallen due to consolidation Gold prices have fallen three times in a row to a new low in the past three weeks On Wednesday (November 8th), the US dollar rebounded for the third consecutive day, after some Federal Reserve policymakers opened the door for further interest rate hikes, and traders were also paying attention to Federal Reserve Chairman Powell's speech on the Fed's future policy path. After the Federal
The rise of the US dollar has been hindered and the price of geopolitical risks has fallen due to consolidation Gold prices have fallen three times in a row to a new low in the past three weeks On Wednesday (November 8th), the US dollar rebounded for the third consecutive day, after some Federal Reserve policymakers opened the door for further interest rate hikes, and traders were also paying attention to Federal Reserve Chairman Powell's speech on the Fed's future policy path. After the Federal
World Gold Council Gold Demand Trends Q3 2023
Another quarter has flown by so lets get the quarterly snapshot from WGC as we do each quarter. In short, central banks gold buying maintained a historic pace but fell short of the Q3’22 record.
UK FCA and BoE Release Papers on Stablecoin Regulation
On November 6, both the Bank of England (BOE) and the Financial Conduct Authority (FCA) published discussion papers regarding the regulation of stablecoins. The BoE’s focus is on stablecoins denominated in sterling (GBP) because it considers these to be the most likely digital settlement assets to be used widely for payments.
EUR/USD Price Analysis: Interim contention emerges near 1.0650
EUR/USD faces increasing selling pressure and returns to the sub-1.0700 region afer hitting new highs near 1.0750 at the beginning of the week.
Canadian Dollar Update – Canadian dollar gives back gains
USD/CAD Open: 1.3748-52, Overnight Range: 1.3689-1.3756, Previous Close: 1.3700
11/09 Market report
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
MHMarkets：Federal Reserve Governor Michelle Bowman said she still believes the Fed will need to further raise interest rates to curb inflation.
At the end of the Asian market on Wednesday (November 8), Federal Reserve Governor Michelle Bowman recently stated that she still believes the Fed will need to further raise interest rates to curb inflation. Michel Bowman stated that;
MHMarkets：November 08, 2023--Fundamental Reminder
The dollar index continued its rebound from last week's sharp selloff on Tuesday, eventually closing up 0.209% at 105.52. U.S. Treasury yields resumed their decline, led by long-term yields. The yield on the 10-year Treasury note closed at 4.571%; The yield on the two-year Treasury note, which is more sensitive to the Fed's policy rate, closed at 4.915%.
STARTRADER Hosts a Two-Day Seminar on Financial Market Strategies in Nakhon Phanom
STARTRADER recently concluded a successful seminar titled "Navigating New Frontiers in the Financial Landscape." The event took place from October 28th to 29th, 2023, at Pak Ping Ing Khong in Nakhon Phanom, Thailand.
OTFX analysts: Euro/US dollar encounters resistance, market focuses on Powell's statements.
This week, the Euro/US Dollar trading exhibited an upward movement followed by a retreat, and the market is closely monitoring this critical technical juncture.
OTFX analysts interpret the pound's 37-year low against the US dollar, signaling challenges ahead for the United Kingdom.
The pound's exchange rate against the US dollar has reached a 37-year low, underscoring the numerous challenges facing the United Kingdom.
OTFX: Analyzing the latest developments and trading strategies for the USD/JPY forex market.
USD/JPY currency pair continued its corrective rebound, maintaining itself above the 150 level, with the current quote at 150.39.
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