07/20 Market report
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
WCG Markets:2023-07-20
WCG Markets:2023-07-20
07/19 Market report
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
Mai hui MHmarkets: July 19, 2023-MHM European Perspective
On Wednesday (July 19), spot gold shocked slightly lower during the Asian and European sessions and is currently trading in the vicinity of $1975.66 per ounce.
Mai hui MHmarkets: July 19, 2023 - Fundamental Reminder
June retail sales data released on Tuesday fell short of expectations, but core sales remained firm. After the release of the data, the U.S. dollar index dived to a 15-month low, and then rebounded as the market fully digested expectations of a 25 basis point rate hike in July, once back to the 100 mark, but failed to hold on to close up 0.05% at 99.96.
07/18 Market report
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
Mai hui MHmarkets: July 18, 2023-MHM European Perspective
On Tuesday (July 18), spot gold rose slightly during the Asian session and is currently trading near $1959.12 per ounce.
Mai hui MHmarkets: July 18, 2023 - Fundamental Reminder
The New York Fed's manufacturing index, released on Monday, fell to 1.1%, indicating that growth in its manufacturing sector has almost stalled. The dollar index closed down 0.04% at 99.91 as markets await U.S. retail sales data for June to be released tonight.
USD/CAD Price Analysis: Retreats below 1.3200 on mixed technical indicators
The USD/CAD has fallen beneath the 1.3200 level, largely driven by the bolstering effect of substantial yields on Canadian bonds, most notably the 3.385% yield observed on the 10-year note, which represents an increase of 0.53%.
Crude Oil extends reversal from multi-day high on China demand woes, fears of higher Libyan output
On Monday, market activity is likely to be limited due to the conjunction of Japan's holiday and the pre-Federal Reserve blackout period. This could enable the US dollar to maintain its recovery from the recent multi-day low, a rebound fueled in part by positive US economic data.
A Week in the Market: Prices and Demand (17-21 July)
China will present a lot of statistics. It is already known that the GDP for the second quarter has surpassed the value for the first quarter and reached 6.4% against 4.5%. However, the indicator fell short of analysts' forecasts. For risky assets, this is a moderate signal.
Mai hui MHmarkets: July 17, 2023-MHM European Perspective
On Monday (July 17), spot gold fluctuated in a narrow range during the Asian session and is currently trading near $1955.20 per ounce. Last Friday's data showed that U.S. consumer confidence jumped to the highest level in nearly two years, the dollar index rebounded from this year's 15-month low near, so that gold prices continue to be pressured by the 55-day average and 1960 mark and other multiple resistance, short-term gold prices face further retracement risk
USD/JPY Takes Big Hit, EUR/USD and GBP/USD Extend Rally
The US Dollar started a major decline from the 145.00 zone against the Japanese Yen. USD/JPY traded below a key bullish trend line with support near 144.20
Is Gold heading to $2,000?
Gold is experiencing a slight decline after a vigorous rise yesterday and is consolidating near $1,955.
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07/17 Market report
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
Mai hui MHmarkets: July 17, 2023 - Fundamental Reminder
Last Friday, the University of Michigan released the preliminary value of July U.S. consumer confidence climbed more than expected, which was a record high since September 2021, but also the largest year-on-year increase since 2006.
BRICS Countries Can Return to the Gold Standard
The BRICS (Brazil, Russia, India, China, South Africa) association is preparing to shift back to the gold standard. Industry specialists underline that the USA should be cautious as this move could significantly impact the United States Dollar (USD). This development could potentially herald the conclusion of the USD's reign as the world's primary reserve currency.
The dollar index dropped below 100 points for the first time since April 2022
The dollar index on Wednesday dropped below 100 points for the first time since April 2022.
Oil Report: Oil bulls shatter barrels
Oil’s prices continued to be on the rise over the past week, with the bullish sentiment being intense. In this report, we aim to shed light on the factors driving WTI’s price, assess its future outlook and conclude with a technical analysis.