Mohicans markets ：European Market
On Monday, October 24, spot gold rallied and retreated, early in the session because the dollar fell to hit nearly two-week lows; gold prices once surged near the 1670 mark, but with the dollar twisted down slightly up, gold prices gave back the gains, currently trading at $ 1655 near.
Mohicans markets：MHMarkets Today News
On Friday, October 21, the dollar index first rose sharply to 113.97, before reversing sharply after the "New Federal Reserve News Service" article, falling nearly 2% to close down 0.877% at 111.86.
10/24 Market report
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
Focus on CPI data, and BoC, ECB, and BoJ monetary meeting | Weekly Outlook October 24-28
Another huge week for Q3 earnings reports this week, as investors brace themselves for some potentially brutal figures from some of the big tech companies such as Alphabet, Microsoft, Amazon, Facebook, and Twitter, among others. After months of cost-cutting measures and layoffs, the highly anticipated Q3 numbers will give an interesting insight into where these businesses may end up as the US economy continues towards recession.
Share markets drifted further after the opening bell in Europe on Thursday
EUROPEAN SHARES
Stocks fluctuated in Europe at the start of the last trading session of the week.
EUROPEAN SHARES
Mohicans markets：10.21-MHM European Perspective
On Tuesday, Oct. 21, spot gold shocked lower during the Asian session, touching the 1620 handle, supported by expectations that the Federal Reserve will make two more consecutive 75-point rate hikes during the year, as U.S. bond yields continued to climb higher, with the U.S. 10-year Treasury yield refreshing its high since June 2008 to 4.27%.
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Mohicans markets：MHM Today News
On Thursday, October 20, stimulated by the hawkish speech of the Federal Reserve officials, the 10-year US bond yield rose above 4.2% in the session, continuing the high since 2008.
10/21 Market report
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
Upcoming Market Updates: AUD, GBP, CAD, USD
Upcoming Market Updates: AUD, GBP, CAD, USD
The Contrarian Case for a EUR/USD Rally if Rates Can Break Above
It’s not particularly hard to make a bearish case for the European economy, especially relative to the US.
Canadian Inflation Higher than Expected
Services price inflation rose quickly through the first half of 2022, reaching about 5% this summer. With further increases in goods prices in 2022 and a rapid rise in services prices, total CPI inflation rose sharply, reaching 8.1% in June. Canadian CPI for September was 6.9% YoY vs and expectation of 6.8% YoY and an August reading of 7%.
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Mohicans markets：MHM Today News
On Wednesday, October 19, the dollar index rose 1% in the day to close at 113, up 0.776% to 112.92. EUR/USD fell nearly 1% and fell below 0.98; The dollar/yen further approached the 150 level, hitting a 32 year low for three consecutive days this week; GBP/USD fell by more than 100 points, once falling below 1.12. The 10-year US bond yield climbed to 4.138%, breaking 4.1% for the first time in 14 years. The 30-year UK bond yield fell by more than 30 basis points and lost 4%.
WIKIFX REPORT: USD/CHF’s recovery extends to session highs past 1.0000
• The US dollar regains lost ground and returns above parity. • Fed tightening hopes, and higher US yields are underpinning the USD. • USD/CHF is at a key resistance area of 1.0065/75.
WIKIFX REPORT: Canadian Dollar Update, October 19, 2022 – Canadian dollar awaiting CPI data
USD/CAD Open: 1.3726-30, Overnight Range: 1.3721-1.3783, Previous Close: 1.3733
WIKIFX REPORT: U.S. dollar has become 'bit of a wrecking ball': Strategist.
The strong dollar is wreaking havoc on other countries and U.S. multinationals operating abroad. Some strategists see no near-term stop to the rising dollar, even amid a recession.
MultiBank Group Announces Two New Licenses in the UAE and Singapore
Multibank's new licenses in the UAE and Singapore will assist to strengthen its image as a trustworthy broker.
The Best Pair of Forex Exchange That You Should Know
Many people are interested because it’s the most liquid in the world. There are a lot of pairs of exchanges in this market. So, traders should choose the best one. In this market, traders should sell and buy pairs of forex.
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