Is It Important to Join the Russian Forex Forum for Traders?
Since the war of Russia between Ukraine, the commodity of forex is down. So, it can make traders take back steps to buy forex. So, the forex will paralyze.
Mohicans markets：MHM Today’s News
On Friday, December 2, the U.S. November non-farm payrolls data far exceeded expectations, making the market more worried about the Fed's monetary tightening will remain longer; the dollar index, which hit a five-month low during the day, quickly turned up, but turned down after a sharp rise to 105.61, finally closing down 0.22% at 104.51. The offshore yuan approached 7.00 during the day to hit a new high of more than two months.
5 Reasons Why 'Cash Is King' During a Recession
Increasing chatter about a possible global recession in 2023 might force traders to reconsider their trading strategies accordingly. While the financial markets react differently during economic downturns, in rough waters, people often turn to ‘cash’ as a safe haven. This lends more significance to the saying that “Cash is King” during a recession.
12/05 Market report
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
Only five companies have a market cap of over 1 trillion
They are Apple, Saudi Aramco, Microsoft, Alphabet and Amazon. Apple and Saudi Aramco are over 2 trillion USD.
Mohicans markets：12.02 European Viewpoint
On Friday (December 2, Beijing time), during the Asian European session, spot gold fell slightly in shock. At present, it is trading near 1798.88. On the one hand, the dollar index has gained some support near the low point in the past five months and rebounded slightly, putting pressure on the gold price.
12/02 Market report
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
Mohicans markets：MHM Today News
On Thursday (December 1), expectations of the Federal Reserve slowing down interest rate hikes rose, and the dollar index fell below 105, a new low since August, closing 1.07% lower at 104.74. Non US currencies rose sharply.
Canadian Dollar Update, December 1, 2022 – Canadian dollar rallies after Powell speech
WTI Oil open at $81.00 and gold open at $1,776.69. US markets are lower on 1st of December.
Will BlockFi be another FTX?
Not even one week after crypto exchange FTX officially filed for bankruptcy another Cryptocurrency entity has felt the wrath and submitted its own Chapter 11. The spread and contagion effect from FTX was always a concern and now cryptocurrency lender BlockFi has fallen.
U.S. Dollar Dips As Fed Chair Powell Hints At Smaller Rate Hikes
The U.S. dollar fell to its lowest level since August and Treasury yields sank after Fed Chair Jerome Powell said on Wednesday that it was time to slow rate hikes. The U.S. dollar weakened against its major rivals in the European session on Thursday, following Federal Reserve Chair Jerome Powell's comments indicating a slower pace of rate hikes from this month.
Mohicans markets ：12.01 European Perspective
On Thursday (December 1), Beijing time, during the Asian European session, spot gold rose in shock, hitting a new high of 1782.60 US dollars/ounce for more than two weeks. The speech of Federal Reserve Chairman Powell on slowing the pace of interest rate increase weakened the yield of US dollars and US bonds, providing momentum for gold prices.
12/01 Market report
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
Let’s Know Forex Currency Correlation to Get High Profit
As the most liquid business in the world, forex has some currency that correlates with other commodities, so traders should know about forex currency correlation.
Mohicans markets：MHM Today News
On Wednesday (November 30), Powell's speech boosted the rise of risk assets, and the US dollar index and US bond yield plunged in the session. The dollar index fell 1% to below 106, and finally closed down 0.77% to 106. Non US currencies rose sharply, the Australian dollar hit 0.68 against the US dollar, the British pound rose 1% against the US dollar within the day, and the offshore RMB recovered 7.05.
FOREX TODAY: US DOLLAR IN SELL-OFF MODE POST-POWELL DOVISH WORDS
Below are what you are expected to take note of on 1st December which is Friday while trading
Loonie goes beyond the rules. Forecast as of 30.11.2022
CAD, nicknamed the "loonie," is the currency abbreviation or currency symbol used to denote the Canadian Dollar. A drop in oil prices, high demand for safe-haven assets due to China, and expectations of a soon recession in the US and in the world press down the loonie. However, the USDCAD rallied up as the situation started to improve. Let's discuss the topic and make up a trading plan.
11/30 Market report
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
Mohicans markets：11.30-MHM European Perspective
On Wednesday (November 30), Beijing time, during the Asian European session, spot gold rose slightly in shock. At present, the trading volume is around 1754.92 US dollars/ounce. China's PMI data in November was weaker than the market expectation and the previous value, which provided some hedge support for gold prices. The fall of the US dollar index also provided a rebound opportunity for gold prices.
Mohicans markets：MHM Today News
On Tuesday (November 29), the dollar index stopped falling and turned higher in the day, closing 0.12% higher at 106.79, up for three consecutive days. The dollar rose more than 1% against the Canadian dollar during the day, hitting a new high for nearly a month; The euro once pushed up 1.04 against the dollar and then fell back; The pound once rose above 1.20 against the US dollar, but failed to hold; The dollar rebounded after briefly falling below 138 against the yen.
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