Nvidia bounce starts to fade as markets retreat from their intraday peaks
European markets initially picked up where the left off yesterday as weaker economic data, combined with further declines in bond yields offered hope that central banks are close to being done when it comes to rate hikes.
How Will AI Impact Trading?
Artificial Intelligence (AI) has become vital in several industries, including trading, due to its ability to process large volumes of data, recognize patterns, and make informed decisions.
FX analysis – USD drops, Gold pops on soft data, falling yields
A raging US equity market fuelled by soft data, a drop in treasury yields and blowout earnings from NVDA (which saw its stock price hit an all-time high) saw risk-on trading through Wednesdays session.
EURUSD stays indecisive ahead of key data, central bankers’ speeches
Traders remain cautiously optimistic amid hopes of witnessing a sooner end to the hawkish monetary policies at the major central banks, backed by the activity data for August. Adding strength to the slightly positive outlook could be the downbeat yields and the US-China news.
BRICS to Rival the Industrial Revolution with Its Developments
BRICS’ developments are believed to rival the industrial revolution. The anticipated summit will take place on August 22-24. On the one hand, it is not supposed to bring some earth-shaking announcements.
The US dollar rose across the board on Thursday, while gold prices remained stable Waiting for Powell to speak at the Jackson Hole annual meeting
The US dollar rose across the board on Thursday, while gold prices remained stable Waiting for Powell to speak at the Jackson Hole annual meeting
U.S. indices closed under pressure despite a positive opening to the trading session.
Your Daily Overview of Market Performance, Stock Highlights, and Economic Trends
08/25 Market report
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
WCG Markets:2023-08-25
WCG Markets:2023-08-25
08/24 Market report
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
MHMarkets：The U.S. dollar dropped from high, silver was significantly stronger than gold, and U.S. crude oil's short momentum was unleashed!
On Thursday (August 24), spot gold rose slightly during the Asian session, once hit a nearly two-week high of $1922.19 per ounce, and is currently trading at $1920.91 per ounce.
MHMarkets：August 24, 2023 - Fundamental Reminder
On Wednesday, spot gold rose for a third straight session to a two-week high, hitting $1,920 an ounce before closing up 0.97% at $1,915.45, after data showed U.S. business activity came to a near halt and both the dollar and Treasury yields retreated from recent highs. Spot silver rallied strongly and ended up 3.98 % at $24.32 an ounce, its highest level since Aug. 2.
Market Wrap: U.S. Stocks Close Positively, Dollar Index Slips
S&P 500, Nasdaq 100, and Dow Jones Industrial Average record gains; Eurozone and UK PMIs show mixed results
Data shows that US economic activity is nearing stagnation, with the US dollar weakening on Wednesday Gold has risen for three consecutive days, approaching a two-week high
Data shows that US economic activity is nearing stagnation, with the US dollar weakening on Wednesday Gold has risen for three consecutive days, approaching a two-week high
5 Reasons to Consider Forex Trading During Recession
While no one knows how long a recession lasts, the financial consequences of making poor trading decisions during the recession can be devastating. Interestingly, there is one market that remains viable even when the stock and crypto markets plummet. Forex trading during recession offers excellent profit opportunities, as it offers income opportunities even during economic downturns. Let's explore!
AximTrade Decoded: Your AximTrade FAQ Handbook
If you're new to forex trading or looking for more information about AximTrade, you’ve come to the right place! This article aims to address the most frequently asked AximTrade FAQs. We will explore topics such as opening an account, available trading platforms, and the educational resources they provide. So, let’s jump right in and get started on this insightful journey!
HOW TO PROFIT WITH AUTOCHARTIST
The aim of this article is to enlighten the reader and show you how to find trading setups and key volatility areas to take advantage of emerging opportunities using Autochartist.
FLAT DOLLAR IN ITS FIRST OPERATIONS
Currently, the dollar peso starts flat and is trading at 870, trying to break the hard resistance to continue its upward trend in search of 880.
AUD/USD Awaits Test of 0.6460 Amid Easing US Dollar and Key Data Releases
In the ever-evolving landscape of global currencies, the AUD/USD pair has been making notable moves, maintaining its upward trajectory for the fourth consecutive day. The pair's gains, which have reached 0.30% during the European morning hours on Wednesday, have been supported by a weakened US Dollar and a sense of cautious optimism in the market.
WCG Markets:2023-08-24
WCG Markets:2023-08-24