Mai hui MHmarkets: July 10, 2023 - Fundamental Reminder
On Friday, spot gold extended intraday gains to as high as $1,934.89 before easing to settle up 0.71 per cent at $1,924.28, its first weekly gain in four weeks, after a surprise June payrolls data raised questions about the Fed's trajectory for rate hikes beyond July.
How to Learn Forex Trading: Ultimate Guide for Beginners
Forex beginners are always eager to learn forex trading online as an opportunity to make money, and they always wonder how to get started. It’s important to have a deep understanding of how the market works and best practices for forex trading.
Why Investing In Foreign Currencies Makes More Sense Than Saving Money!
Money can be a blessing or a curse, depending on what it is used for. If you keep too much of your money in low-yield savings or checking accounts, inflation will decrease your net worth over time. In contrast, if you park your cash in foreign currencies, not only will you earn higher returns, your investment portfolio will be more diverse too!
Week Ahead starting 10/7/23: US banks; Delta; Pepsi; US inflation; NZ, and BoC rate decisions
Investors are provided with a comprehensive overview of the global economy as major Wall Street banks, Delta Airlines, and PepsiCo release their Q2 earnings. In addition, it is important to closely monitor the interest rate determinations expected from New Zealand and Canada.
U.S. stocks lower at close of trade; Dow Jones Industrial Average down 0.55%
U.S. stocks were lower after the close on last Friday, as losses in the Telecoms, Healthcare and Utilities sectors led shares lower.
Summer slump
Last week, there were concerns about global economic growth. Tension between the US and China increased, and China’s Caixin PMI data was also lower than expected.
Global equity benchmarks continued to fall on Friday
Global equity benchmarks continued to fall on Friday as investors bet on more monetary tightening ahead of last week’s crucial US NFP report.
DOLLAR is located above $800 before good data in the US.
Following the release of the ADP employment data in the United States, the USD to peso exchange rate witnessed an initial gap of over 3 pesos, and subsequently approached the 800 peso mark once again. The remarkable surge in job creation was so significant that it surpassed expectations by doubling the anticipated figure, with market forecasts anticipating nearly 500,000 new job additions compared to the previously projected 230,000.
Bitcoin ETFs are not a winner take all, experts say, as influence on crypto dissipates
Bitcoin Exchange Traded Funds (ETFs) have driven the recent cryptocurrency rally. While the hype pumped Bitcoin (BTC) price to as high as $31,000, the influence is fading.
Upcoming Changes To Trading Hours
Pu prime broker has made a public announcement on their official website, informing their Valued Client to be advised that some changes were made on the following instruments’ trading hours and market session times which will be affected by the upcoming July holidays.
Best performing stocks through the first half of 2023
The performance of Wall Street in the initial six months of 2023 has been notably impressive. The Nasdaq, predominantly composed of technology stocks, recorded its strongest performance in the first half of a year in the past four decades, experiencing a substantial surge of 31.73% year-to-date. This article aims to examine the top five entities that have emerged as winners in the stock market during the initial half of 2023.
Become part of the excitement surrounding the release of the new META app, but exercise caution.
The newest social media platform just released, and the Internet is jumping ship. Dubbed as the “Twitter Killer”, Threads is a text-based social media app launched by META.
WTI RISES AS US CRUDE OIL EXPORTS INCREASE AMIDST OPEC+ CUTS, YET ECONOMIC HEADWINDS LOOM
Western Texas Intermediate (WTI), the US crude oil benchmark, rose on Wednesday after Tuesday’s holiday in the United States (US), keeping prices almost unchanged due to thin volumes amidst US traders’ absence. Hence, WTI is trading at $71.86 per barrel, up by 1.28%, after hitting a daily low of $70.40.
Could the RBA Surprise with another rate hike?
In June, the Reserve Bank of Australia (RBA) surprised markets with a decision to hike rates by 25bps, taking the Australian cash rate to 4.10%. This was decided on the basis that further increases were required to provide greater confidence that inflation would return to the target range within a reasonable timeframe.
Allianz’s Subran Warns of Increased Risk of Policy Mistakes from Fed or ECB
Ludovic Subran, Chief Economist at Allianz, has warned of the potential for policy missteps by US or euro-zone policymakers as they seek to tighten monetary conditions.
The Silent Squeeze: Surging Interest Rates, Stalled Wages, and the Looming Threat to Australian Home
Numerous Australians look back upon the distressing late 1980s era, wherein interest rates skyrocketed to a staggering 17%, evoking a bitter sense of déjà vu. This period was marked by the squeezing of family budgets and the shattering of countless aspirations for owning a home against the unyielding wall of financial reality.
Weekly News 2023/07/03-2023/07/07
Index / Stocks / Crypto / Metals / Commodity & Futures / Forex
Mai hui MHmarkets: July 7, 2023-MHM European Perspective
Spot gold oscillated slightly higher during the Asian session on Friday (July 7) and is currently trading near $1914.30 per ounce.
Mai hui MHmarkets: July 7, 2023 - Fundamental Reminder
On Thursday, the expected hot "ADP" data pushed up expectations that the Federal Reserve will raise interest rates further, spot gold dived nearly $25 to a new 3-month low, eventually closing down 0.34% at $1910.88 per ounce.
07/07 Market report
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