EUR/JPY CLEARS DAILY LOSSES AMID SOUR MARKET SENTIMENT
Despite initial losses, the EUR/JPY pair managed to regain ground, climbing from a low of 155.06 to 156.60 and closing with mild losses. Moreover, weaker-than-expected figures from the US, UK and the Eurozone seem to be having a greater impact on the Yen as the USD/JPY rose to monthly highs.
BoE Surprises With 50 Bps Rate Hike
Markets have increased the probability of the Federal Reserve raising interest rates, a sentiment also applied to other major central banks worldwide, including those of the U.K, Switzerland, and Norway. Furthermore, U.S. Treasury Secretary Janet Yellen supports the Fed’s monetary policy, emphasising the need to focus on containing inflation rather than being concerned about the likelihood of a recession.
Bank of England surprisingly raises its interest rate by 0.50%
On Friday, the FTSE 100 experienced a 0.3% decline, reaching the 7480 milestone. This marks a fifth consecutive session of drops, resulting in a total 2% decrease for the week. The market is still adjusting to a series of interest rate hikes and the possibility of further monetary constraint.
A Speculative Choice for Profitable Short-Term Trading
Virgin Galactic, the pioneering space tourism enterprise, has attracted the interest of investors seeking to leverage rapid profit gains. With a track record spanning more than two decades, the company has achieved notable strides in advancing its technological capabilities in recent times.
Appointment of Sunny Lethyy as the Country Manager for Vietnam
AUS Global, is thrilled to announce the appointment of Ms. Sunny as the country manager of our new office in Vietnam. Ms. Sunny brings with her a wealth of experience in the forex trading industry, having held various valuable roles at the financial market across Asia.
How To Start Trading Gold: Simple Gold Trading Strategies For A Beginner
Gold has been a shining star of wealth and security for mankind throughout time. From adornments to technology, its allure knows no bounds. However, this precious ‘yellow metal’ gains the most attention during times of economic uncertainty. Enter the realm of online gold trading, where fortunes are forged and trends are born. Find out what influences the gold price, simple gold trading strategies, and how to start trading gold online!
Mai hui MHmarkets: June 21, 2023-MHM European Perspective
On Wednesday (June 21), spot gold was narrowly oscillating during the Asian session and is currently trading at $1,938.33 per ounce. Traders are avoiding big bets ahead of Federal Reserve Chairman Jerome Powell''s testimony to Congress.
Mai hui MHmarkets: June 21, 2023 - Fundamental Reminder
On Tuesday, because of the "blowout" U.S. housing starts data, spot gold dived sharply before the U.S. market, and once fell below the $1930 mark to an intraday low of $1929.82, and then recovered some of the lost ground, finally closing down 0.72% at $1936.43 per ounce
USDJPY price analysis for 13.06.2023
The USDJPY currency pair has experienced a notable shift in market dynamics as the price line recently broke below a bullish channel that had been guiding its upward trajectory.
WCG Markets:2023-06-21
WCG Markets:2023-06-21
Stock market today: Dow snaps 4-week losing streak amid mixed quarterly earnings
The Dow closed lower Friday, snapping a four- week win streak on mixed quarterly earnings ahead of results from big tech next week. The Dow Jones Industrial Average was 0.1%, or 22 points higher, the Nasdaq rose 0.1%, and the S&P 500 added 0.1%.
China's yuan weakens as lending rate cut by less than expected, more stimulus awaited
The yuan weakened against the dollar after China cut a key lending benchmark rate on Tuesday, though rates were not reduced by as much as expected and the market was still awaiting more details on plans to stimulate a stuttering economic recovery.
CertiK Receives $500k For the Discovery of a Vulnerability in Sui Network
Smart-contract audit company CertiK has been awarded the sum of $500k by Sui Foundation for the discovery of a potential attack vector on the Sui network.
Google is not falling behind in the AI arms race. Can the stock price continue to rise after a 40% i
The introduction of ChatGPT into the market has triggered a worldwide race to dominate the AI market. Its exceptional technological prowess and the possibility of exceeding human capabilities have not gone unnoticed by industry giants. The resulting AI frenzy has seen participation from top corporations such as Google, Amazon, Meta, Microsoft, and Apple, all vying for the top spot in this burgeoning industry.
Global Stock Rally Falters, Focus on Powell Testimony
On Monday, global stocks dropped from 14-month peaks, as investors waited for testimony from U.S. Federal Reserve Chair Jerome Powell as markets stay dominated by bets on monetary policy.
ECB: Taking cues from the flexible Fed
Anticipations of a 25 basis points rate increase prevailed ahead of the latest ECB meeting. The market was predominantly concerned with the forward guidance and the prospective path of the rates. In brief, despite an uptick in inflation expectations and a reduction in GDP projections, the ECB aims to adhere to a supple and information-oriented methodology in its future endeavors.
Australia stocks higher at close of trade; S&P/ASX 200 up 0.86%
Following the close of trading on Tuesday, the Australian stock market experienced an upturn, driven by notable gains in the Energy, A-REITs, and Financials sectors. The S&P/ASX 200 index closed at a new 1-month high, reflecting a 0.86% increase.
ASX200 Afternoon Report June 20, 2023
The ASX200 trades 68 points (0.90%) higher at 7363 at 4.00 pm. With US equity markets closed overnight for the Juneteenth holiday, the ASX200 has today taken its lead from action from Chinese authorities to stimulate its flagging economy. The rally has been broad-based, with all eleven sectors trading higher.
Forex Trading: How to Buy the Rumor and Sell the News?
The ‘Buy the Rumor, Sell the News’ strategy is one of the most common fundamental analysis-based trading approaches. This forex trading strategy relies on what traders believe will happen in an upcoming forex event. It all begins with a trader buying a currency on the strength of a rumor. Following the occurrence of the anticipated event (e.g., the Federal Reserve meeting), as soon as the news is up, the trader sells their positions, often at a considerable profit.
How Much Money Do You Need To Start Forex Trading ($5, $50, $500)
Do you dream of making significant gains in the Forex market, but your current financial situation seems far from ideal? Fear not! Discover the surprising truth behind starting capital and the steps you can take to start forex trading journey with as little as $5, $50, or $500. Spoiler alert: It's not about the size of your wallet, but the size of your determination instead!
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