Last week, the financial market was hit by heavy events and economic data. Due to the hawkish wording of the minutes of the Federal Reserve meeting, and the hawkish remarks made by many Fed officials, as well as the fact that the Fed's favorite inflation index exceeded expectations, the market expectations for interest rate hikes rose sharply, and the US dollar soared last week, hitting its best performance since September last year and returning to the 105 high.
Last Friday, spot gold fluctuated and fell. Affected by PCE data exceeding expectations, the US dollar fell below the 1810 mark, hitting a new low in the year, and finally closed down 0.65% at $1810.81per ounce; Spot silver recorded a decline for the sixth consecutive week, falling behind the 21 mark, reaching the lowest level in three months, and finally closing down 2.46% at $20.77 per ounce.
Wall Street stocks ended mixed on Tuesday after U.S. consumer price data for January offered little to change expectations about the Federal Reserve's path forward on interest rate hikes.
An investment is an asset or item accrued with the goal of generating income or recognition.
As the U.S. government continues to rein in the crypto industry with a spate of regulations, other places are emerging as new hubs for the virtual asset industry. On Monday, Hong Kong proposed rules that would let retail investors trade certain “large-cap tokens” on licensed exchanges, a stark contrast to mainland China across its border where crypto-related transactions are outright banned.
Hedging strategies minimize risk by trading instruments in opposite directions. For example, holding a long and a short trade at the same time.
Fibonacci Lines are a popular and very powerful technical analysis tool that you can use with downward and upward trends, as well as in conjunction with all assets and timeframes.
Remember that, The Bank of England has been raising the interest rates, since from the beginning of this month for a 10th consecutive time by 0.5 percentage points to 4%. And some said that raised in interest brings down inflation.
On February 25, 2023, the great event of the financial industry - the 2023 Financial Expo opened successfully in Ho Chi Minh City, Vietnam. This extremely successful exhibition attracted exhibitors and investment enthusiasts from all over the world and injected new vitality and impetus into the innovative development of the global trading industry.
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HFM the multi-asset global broker of choice with over 3.5 million clients introduces the HFM Trading Classes, exclusive to their Africa traders, where new and experienced traders can learn strategies for all styles, skill levels and time frames from our team of experts!
On Friday, February 24, the international gold price rose slightly due to the correction of the US dollar index. However, investors worried that the recent strong economic data might lead the Federal Reserve to continue to raise interest rates and maintain a higher level of interest rates for a longer period of time, thus limiting the rise of gold prices. The price of gold is 1802 dollars in the future.
On Thursday, spot gold rose first and then fell, reaching a maximum of $1833.67, but failed to stand at the 1830 level and closed down 0.16% at $1822.29 per ounce; Spot silver fell sharply in the US market and closed down 0.93% at $21.31 per ounce.
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
WCG Markets:2023-02-24
Many brokers offer the opportunity to trade with super low capital, even only 1 dollar. However, you should know that it is almost impossible to profit with such a small capital.
On Thursday, February 23, during the Asian session, spot gold rose slightly, and is currently trading at around $1828.10 per ounce. Although there were some bargain-hunting and short term profit taking and gold rallied modestly in the short term, the market reinforced expectations for higher terminal rates after the Fed minutes. The Federal Reserve officials also reiterated that they would further raise interest rates to control inflation, and the dollar remained near the high of nearly a month
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
Ichimoku cloud is a type of technical analysis method that is often simply called Ichimoku. It is based on Japanese candlestick charting to predict future price movements.
Gold markets initially tried to rally during the trading session on Tuesday but gave back gains as we continue to see plenty of resistance near the $1880 level.