Pound was deceived. Forecast as of 10.08.2023
Anticipations were initially high that the Bank of England (BoE) would increase the rate to 6.5%. Nevertheless, the projections for the bank rate have been lowered to a range of 5.5-5.75%. The GBP/USD depreciation in August is considered typical, yet optimism remains amongst the pound bulls. It's high time we delve into the Forex perspective and conceptualize a GBP/USD trading strategy.
Canadian Dollar Update – Canadian dollar gains ahead of US CPI
The Canadian dollar traded with a bullish bias overnight on the back of broad US dollar weakness.
Big-Tech leads US Stocks lower, Gold slides again, Bonds bid ahead of CPI
The key US stock indices experienced a volatile session on Wednesday due to traders adjusting their positions in anticipation of yesterday's crucial US CPI data release.
Stocks soften on disappointing China data
USD closed near its lows on Monday but a touch higher than Friday. This morning is seeing a better bid after disappointing Chinese trade figures soured risk sentiment. The 2-year yield continued its move lower after breaking down on Friday through long-held 50-day SMA support. The 10-year yield is falling sharply today as it nears the psychological 4% mark.
Japanese Candlesticks Analysis 07.08.2023 (USDCAD, AUDUSD, USDCHF)
Let's check the Japanese Candlesticks Analysis for 07/08/2023
MHMarkets：The dollar was weak in a small intraday range, non-U.S. currencies and precious metals were strong intraday, and U.S. crude oil accelerated to the upside!
Spot gold traded in a narrow range during Asian hours on Thursday (August 10), trading around $1,918.21 per ounce, as investors await the US CPI data for July due in the evening.
How To Build Your Own Automated Trading System in Forex?
Automated forex trading has quietly taken over the trading world! Nowadays, the majority of Forex orders are executed through automated trading systems. In fact, in the US, around 70% of daily transactions are made by these incredible systems! Learn how to create your own automated trading system in your trading terminal, activate it and then sit back and relax while it trades for you!
Forex Trading 101: Best Currency Pairs to Trade in Each Trading Session
The famous phrase ‘Money Never Sleeps’ sums up the forex market quite well. The fact that forex trading is decentralized and always open for business, it’s like a global marathon with four trading sessions, running 24/5. However, not all currency pairs are shining stars in every trading session. It is imperative that you choose your currency pairs carefully for each trading session to achieve profits!
Getting rich with Forex Trading is 'Surprisingly Simple' if you follow these 8 Trading Strategies – Experts Say!
Are you looking to make money through Forex trading? According to experts, getting rich with Forex trading is surprisingly simple if you follow these 8 strategies!
Rollover Notification in August
Please refer to the table below, for the rollover date of our futures on the trading system during August 2023. Please note that the date and time may be subject to change.
MHMarkets: August 10, 2023 - Fundamental Reminder
On Wednesday, spot gold reversed course after reaching an intraday high of $1,932.39 and accelerated below the $1,920 mark in U.S. trading before settling down 0.57% at $1,914.35 per ounce. Spot silver was blocked at the $23 mark and last traded down 0.5% at $22.66 per ounce.
08/10 Market report
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
US Set to Ban Several Chinese Investments - Reports
Numerous news outlets report that the Biden administration will unveil a much-anticipated executive order on Wednesday. The order will prohibit American venture capital and private equity firms from investing in certain segments of Chinese technology businesses. The directive is likely to regulate foreign investments particularly in Chinese firms specializing in advanced technologies like quantum computing, semiconductors, and artificial intelligence.
Stocks soften on disappointing China data
USD closed near its lows on Monday but a touch higher than Friday. This morning is seeing a better bid after disappointing Chinese trade figures soured risk sentiment. The 2-year yield continued its move lower after breaking down on Friday through long-held 50-day SMA support. The 10-year yield is falling sharply today as it nears the psychological 4% mark.
SPR and Inflation – Strategic Petroleum Reserve Hits Historic Low
The Strategic Petroleum Reserve (SPR) has served as a pillar of security for the United States since 1975, providing the capacity to react to emergencies and oil trade conflicts. The recent Ukraine conflict has prompted the SPR to assume a new function—that of combating inflation caused by the sanctions against Russia due to its invasion of Ukraine.
European Stocks Rebound on Easing Banks Tax Concerns
On Wednesday stock markets in Europe were higher as investors tried to recoup recent losses while evaluating more quarterly corporate earnings.
The US dollar fell on Wednesday, investors await today's US consumer price report Gold prices fell, hitting their lowest point in nearly a month
The US dollar fell on Wednesday, investors await today's US consumer price report Gold prices fell, hitting their lowest point in nearly a month
08/09 Market report
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
Is It Best To Set A Fixed Profit Target Or Just Let A Winning Trade Run?
Imagine you are a day trader investing in an asset you believe will increase in value. You also have a fixed profit target in the first place. However, as the asset increases in value, you are now wondering that you’re missing out on potentially larger gains by not allowing the trade to run further. Should you stop trading once you hit a profit goal or let the winning trade run? Let’s discuss the wisest decision based on various scenarios!
Crude oil eases from four-month high as supply cut fears contrast with US Dollar rebound
Financial markets witness a sluggish Monday, so far, as traders struggle to justify hopes of witnessing softer interest rates amid economic fears. Adding strength to the cautious optimism is China’s stimulus to battle the typhoon fears, as well as infuse funds into the struggling property markets.
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