As we draw closer to the end of first-half in 2023, there are likely many tasks you want to complete before the new year. However, reviewing your ‘trading portfolio’ must be one of your top priorities which must not be neglected. Successful traders always revisit and review their trading portfolios every six months, quarter, or year to ensure that they are not drifting away from their initial financial targets.
WCG Markets:2023-07-10
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
Spot gold traded near $1,920.50 an ounce in Asia on Monday (July 10). A rebound in the dollar and firmness in the US 10-year Treasury yield have weighed on gold prices, with bulls still widely expected to be given pause by another Fed rate hike in July.
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.
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.
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!
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 were lower after the close on last Friday, as losses in the Telecoms, Healthcare and Utilities sectors led shares lower.
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 as investors bet on more monetary tightening ahead of last week’s crucial US NFP report.
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 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.
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.
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.
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.
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.
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.
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.
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.