11/04 Market report
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
Mohicans markets：MHM Today News
On Thursday (November 3), the dollar index stood at 113, the first time in nearly two weeks, rising 0.785% to 113.01. After the announcement of the Bank of England's resolution, sterling accelerated its decline against the US dollar, hovering around 1.1155 at the end of the day, and fell more than 2% within the day.
Wall St slips as job openings dampen Fed pivot hopes
Wall Street’s main indexes slipped on Tuesday after data pointed to strength in the labor market, dampening hopes that the Federal Reserve will signal an easing of its aggressive interest rate hikes.
Oil up more than 1% as weaker dollar offsets China concerns
Oil prices rose on Tuesday, recouping losses from the previous session, as a weaker U.S. dollar offset widening COVID-19 curbs in China that have stoked fears of slowing fuel demand in the world’s second-largest oil consumer.
US Oil: Is it about to blow up?
Crude oil prices fell below $80 in week 43, and commuters all over the world saw hope of relief at the pumps. But that short-term bearish run came to a quick end, and it now seems it’s a little too early for optimism.
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Mohicans markets：11.03-MHMEuropean Market
In the morning of Asian market on Thursday (November 3), Beijing time, spot gold fluctuated in a narrow range. At present, it is trading near 1637.10 US dollars/ounce. The US dollar index fell slightly on Thursday, prompting some gold bears to take profits and providing some support for gold prices.
Mohicans markets：MHM TODAY NEWS
On Wednesday (November 2), under the influence of the Federal Reserve's interest rate resolution, the dollar index fluctuated sharply, falling below 111 after the resolution was announced, but Powell rebounded sharply after his speech, breaking 112, and finally ended up 0.511% at 112.13.
Wednesday briefing: From DXY, Gold to Latest FX Headlines; Nov 02, 2022
US Dollar Index Overview
U.S. dollar rises as Fed likely doing another big hike; sterling sinks
The dollar gained across the board on Monday, regaining some of the luster it lost earlier in the month, bolstered by expectations of another supersized rate increase at this week’s Federal Reserve monetary policy meeting.
Tuesday Briefing: From DXY, Gold to latest FX Headlines; Nov 01, 2022
US Dollar Index Overview
Mohicans markets：11.02-European perspective
On Wednesday (November 2), Beijing time, in the morning of Asian market, spot gold fluctuated in a narrow range. At present, the trading volume is around 1650.63 US dollars/ounce. This trading day will usher in "small non farm" - the US ADP employment data and the US Federal Reserve interest rate resolution.
Mohicans markets：MHM Today News
On Tuesday (November 1), the dollar index fell below 111, closing 0.036% lower at 111.56, as the market expected the Federal Reserve to indicate that the pace of interest rate increase would slow down from December. The euro rose 0.7% against the US dollar and broke through 0.99, but the US stock market missed this threshold and gave up all its gains. The British pound rose nearly 100 points against the US dollar at one time, but failed to reach the 1.15 mark in intraday decline.
Plus500 Is Launching A New Share BuyBack Programme
Plus500 Ltd, a retail Forex and CFD broker, said today that it would launch a fresh share repurchase program worth up to $602 million.
NZD/USD leads the bulls as US dollar, yields retreat ahead of Fed
Global markets turned surprisingly optimistic during early Tuesday as a pullback in the US Treasury yields joined chatters about a slower Fed rate hike from December. With this, the US dollar prints the first daily loss in four, which in turn adds strength to the rebound in prices of commodities and Antipodeans.
AUDUSD holds mild gains even as markets turn cautious ahead of key central bank meetings
Global markets appear dicey as traders await the all-important central bankers amid fears that the neutral rate is near. The risk profile appears somewhat blurred even as stock futures drop and the yields grind higher.
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Mohicans markets：11.01-MHM European Market
On Tuesday November 01, Beijing time, in the early afternoon of the Asian market, spot gold bottomed out and rebounded. Earlier, it gained support near the 1630 gate. At present, it is trading near 1641.56 dollars/ounce. Asian stock markets generally rose, which depressed the demand for safe haven purchases in the U.S. dollar.
Mohicans markets：MHM Today’s News
On Monday (October 31), the "mouthpiece of the Federal Reserve" issued another document, triggering hawkish expectations of interest rate increases. The dollar index rose back to 111, closing 0.822% higher at 111.6. However, the dollar index still fell 0.5% in October. EURUSD fell to below 0.99; Sterling fell more than 1% against the US dollar, falling below the two thresholds of 1.16 and 1.15; USD/JPY continued to rise close to 149.
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