WIKIFX REPORT: Stocks and gold bounce, US non-farms ahead
Headlines *US job growth seen smallest in two years, unemployment rate to tick up *RBA cuts growth outlook, rates need to rise to cool red hot inflation *USD ascendant, GBP slumps on lower rate expectations, bleak outlook *Tech, reopening stocks lead best China weekly rally in years
WIKIFX REPORT: DraftKings tumbles 27.0% despite upbeat quarterly results
DraftKings (DKNG.US) shares plunged over 27.0% on Friday despite the fact that the sports betting company raised its financial forecasts for 2022 and reported a smaller-than-expected quarterly loss and revenue that beat analysts’ estimates.
WIKIFX REPORT: CHANGES IN THE TRADING SCHEDULE ON NOVEMBER 7
A recent announcement was made by freshforex broker to inform their clients and general public regarding their change in the trading schedule, mentioning that users should note that the current trading server time corresponds to Eastern European Time (EET) — UTC+2.
WIKIFX REPORT: BREAKING: WTI oil rallies 4.5%
During Friday's session OIL. WTI price rose 4.5%, which is related to weakening of the US dollar and upbeat news from China. From a technical point of view, price jumped above the upper limit of the ascending channel that has acted as a significant resistance in the past.
WIKIFX REPORT: Another FED Hawkish 75bp Hike Rates
Fed hiked rates by 75bp as highly expected. Powell delivered a hawkish message, emphasizing the need to tighten financial conditions further. We have not seen Fed make significant progress towards its goals over the past month. It is expected that a 50bp hike will come in February in addition to our earlier forecast for one more 75bp hike in December. Markets took FOMC statement not seriously, but the move faded during the press conference and EUR/USD declined below pre-meeting levels while 2y UST yield rose around 6bp. The forecast for EUR/USD is maintained at 0.93 in 12M.
WIKIFX REPORT: All Eyes on Fed Chair Press Conference
New Zealand's unemployment number (Q3) released earlier on 2nd November has come in higher than expected of 3.2% yet in line with the previous of 3.3%, while German unemployment levels stabilized as expected at 5.5%.
Mohicans markets：11.04-MHM European Market
On Wednesday (November 2, Beijing time), in the morning of Asian market, spot gold rebounded in shock, rising more than 1% to a two trading day high of 1648.48 US dollars/ounce.
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.
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