Will Yen Surprise? Forecast as of 06.03.2023
Will the Bank of Japan repeat its December hat trick? Then, unexpectedly for investors, it expanded the range of target bond yields. USDJPY reacted with a fall. What will happen this time? Let us discuss the Forex outlook and make up a trading plan.
The RBA Expected hike 25bp
The Reserve Bank (RBA) is once again widely expected to announce a 25 basis point (bp) interest rate hike at its next boa, which would see the OCR at a 10-year high of 3.6%. We noted in their February meeting that the statement has a hawkish tone, and that the wording suggested at least two more hikes are in the pipeline.
EUR/USD firm above 1.0650, approaches last week highs
On Monday The EUR/USD is up, heading toward last week's high and with 1.0700 again on the radar. A stronger Euro across the board has been supportive of the pair, while at the same time, the US Dollar weakened. EUR/GBP is back above 0.8800.
Mohicans markets：MHM European Market
During the Asian session on Tuesday (March 7), spot gold oscillated narrowly and is currently trading around $1848.5 per ounce. Investors are generally concerned about the evening Federal Reserve Chairman Powell's congressional testimony, the market wait-and-see mood is strong.
HFT in Forex Trading, Advantages, Risks, & Best Strategies
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Mohicans markets ：MHM Today News
On Monday, as risk factors such as Powell's speech and Non-farm payrolls data loomed, spot gold retreated from the two-and-a-half-week high it touched earlier, hitting an intraday low of 1845.01 and finally closing down 0.28% at $1847.2 per ounce. Spot silver once fell back below $21 per ounce, then rebounded slightly and finally closed down 0.65% at $21.05 per ounce.
Forex Trading: 7 Tips to Handle Trading Losses
Trading losses are an inevitable aspect in the world of trading and investment. Almost every trader will encounter a trading loss that will impact his trading attitude and find it hard to bounce back after. Except for the most experienced and successful trader, they control their mental perception of such situations. It requires experience and a solid trading mindset to contain your emotions, learn from mistakes and never let any of them drive the next trading decisions.
WCG Markets:2023-03-07
WCG Markets:2023-03-07
GEMFOREX - weekly analysis
The week ahead: 5 things to watch.
Mohicans markets：MHM European Market
Spot gold oscillated narrowly during the Asian session on Monday (March 6) and is currently trading near $1855 per ounce, holding most of last week's gains. After a series of beautiful economic data, Federal Reserve officials did not release the signal to the market for a 50 basis point rate hike in March, disappointing some investors. U.S. bond yields plunged on Friday and extended the decline on Monday, with the 10-year U.S. bond yield once falling to a three-day low of 3.934%, which provided
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Mohicans markets：MHM Today News
On Friday, spot gold climbed strongly to a two-week high, eventually closing up 1.03% at $1,854.97 per ounce, which was the biggest one-week gain since mid-January; spot silver was also strong, eventually closing up 1.69% at $21.24/oz, its first weekly gain in six weeks.
03/06 Market report
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
Forex Trading: Position Size Matters More Than You Know
Determining the volume of currency units to accumulate in a trade often appears to be confusing for novice forex traders. They tend to pick a random position size based on their level of confidence in a trade. Yet, experts claim that the most important aspect of building wealth in your portfolio is the position size of your trade. No matter how good your strategy is, if your position size is too large or too small, you'll either take on too much or too little risk.
US stocks lift off after Bostic comments, EU sees record inflation print driving bond yields higher
Despite U.S. bond yields continuing to climb and the 10-year going above 4% in yield, U.S. stocks managed to rebound nearly 1% on Fed Bostic comments. Hong Kong and China stocks slid and gave back some of the gains from the previous session in the absence of notable headlines ahead of the “two sessions” meeting starting this weekend.
Tether and MicroStrategy Deny Any Exposure to Silvergate
Business intelligence firm MicroStrategy and stablecoin issuer Tether have become the latest two firms to publicly deny any meaningful exposure to Silvergate Bank.
Stocks stabilise while USD tracks sideways
Market data shows that the dollar index barely changed from Friday. The US dollar spent most of this month on the ropes, pressured by signs that inflation is simmering down and speculation that the Fed is in the final chapters of its tightening cycle. Yet, the reserve currency came back swinging on Monday, regaining lost ground with some help from safe-haven flows.
Recognize Forex Scalping Concept and Its Benefits
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Mohicans markets：MHM European Market
On Friday (March 3), the spot gold fluctuated slightly, and is currently trading around 1838.5 US dollars/ounce. The hawk of the Federal Reserve, Bostock, said that slow and steady will be the appropriate path of action, explaining the reason why the Federal Reserve insisted on "steadily" raising interest rates by 25 basis points at each meeting in the future, which alleviated some investors' concerns that the Federal Reserve might expand the pace of interest rate increase. On Friday, the US dol
Mohicans markets：MHM Today News
On Thursday, the spot gold range fluctuated, briefly falling below the $1830 mark, and finally closing down by 0.04% to $1836.06 per ounce, ending three consecutive daily increase; On the whole, spot silver fell first and then rose, and finally closed down 0.47% at $20.9 per ounce.
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