On Tuesday, February 27, during the Asian session, spot gold shocked slightly up and is currently trading near $ 1874.11 per ounce; A slight pullback after the dollar's rally was blocked gives gold a chance to rebound; however, gold prices are limited, because the Fed chairman will speak in the evening, the market wait-and-see sentiment is thick.
Traders get high profits if they know the best time to trade, so they must know about forex calendar trading besides the time.
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
WCG Markets:2023-02-07
Influenced by the unexpected non-farm data, the market was still pricing the Fed to turn hawk on Monday. In addition, Bostek, FOMC Voting Commission and Chairman of the Atlanta Federal Reserve in 2024, also "set off the eagle". At present, the probability of the Federal Reserve raising interest rates by 25 basis points in March is up to 97%, and the probability of the peak interest rate exceeding 5% this summer is close to 85%.
The week ahead – Top 5 things to watch
As a trader you are expected to have an intuition as a vital traits, as a factor that helps you to predict the next explosively lucrative market move, Some have it naturally, but the good news is that with patience and practice, the muscle of trading insight can be worked and developed in every investor. And it starts with understanding indices.
According to some analysis, Compared to last week’s news releases, this week in the forex markets will be a relief to investors as high impact data is scarce.
The USD/CHF is moving sharply during Friday’s North American session, as Wall Street is set to finish the last trading day of the week with losses. Therefore, the USD/CHF is trading at 0.9260, above its opening price by 1.42%.
Majority of the Experts believe that gold may appear to be the best-performing asset in 2023. It can outperform other leading instruments including cryptocurrencies and stocks due to the FED’s ease in the tightening inflation cycle.
The summary of British Pound / New Zealand Dollar is based on the most popular technical indicators, such as Moving Averages, Oscillators and Pivots.
The Euro is steady going into the European session last week and is looking to notch up a fourth straight monthly gain after making a 20-year low last September.
On Monday, February 6, during the Asian session, spot gold shock rebound and is currently trading near $ 1877 per ounce. The performance of last Friday's U.S. non-farm payrolls data was strong, ISM non-manufacturing PMI was also very beautiful, and the dollar index rose sharply.
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The non-farm payrolls data released on Friday night was stronger than expected, with the U.S. unemployment rate falling instead of increasing to a new low of more than 50 years and year-over-year payroll growth slowing less than expected. The employment data is currently one of the Fed's most concerned indicators, and the upsetting non-farm payrolls data could weaken the Fed's anti-inflation efforts.
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
January has ended and the first month of 2023 is now behind us.
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
As a beginner, you have taken your first steps toward learning the basics of FX trade.
During the Asian session on Friday, February 3, US crude oil fell slightly, and is currently trading at around US $75.75/barrel. The EIA crude oil inventory increased for the sixth consecutive week, and the US dollar index rebounded sharply on Thursday, putting pressure on oil prices. However, the market expects more signals of a strong recovery in China's fuel demand to offset the upcoming demand decline in other major economies.