MHMarkets ：MHM European Market
During the Asian session on Friday (May 12), spot gold oscillated slightly lower, extending the overnight decline, once hitting a near one-week low of $2008.43 per ounce, and is now trading near $ 2009.73. While fears of a U.S. debt default gave gold prices safe-haven support, the U.S. dollar attracted a greater influx of funds. The U.S. hit a new high of more than a week overnight, putting pressure on gold prices; and Minneapolis Fed President Kashkari mentioned the possibility of keeping inter
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MHMarkets ：MHM Today News
On Thursday, spot gold rose and then fell after data showed a jump in U.S. initial jobless claims last week and the smallest year-over-year increase in April PPI data in more than two years, gold prices rose slightly; but it soon gave back all the gains and once fell to an intraday low of 2011.19, finally closing down 0.76% at $2014.96 per ounce. Spot silver fell more than 4% during the day, eventually closing down 4.77% at $24.18 per ounce.
05/12 Market report
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
Claudio Gatta RECEIVES INDUSTRY ELITE OF THE YEAR AWARD FROM WIKIFX
Italy - 05/11/2023 - We are thrilled to announce that Claudio, a prominent figure in the Forex industry, has been honored with the prestigious Industry Elite of the Year award by WikiFX, the leading financial information platform. This recognition is a testament to Claudio's exceptional contributions, leadership, and expertise in the industry.
MHMarkets ：MHM European Market
On Thursday (May 11), spot gold narrowly oscillated during the Asian session and is currently trading at 2032.70. Overnight inflation data is worse than expected by the market, the market is generally expected to the Fed will suspend interest rate hikes in June; market concerns about the U.S. debt default continued, which provide support for gold prices. However, the overall level of U.S. inflation is still high, so the Fed is unlikely to cut interest rates in the short term, which make the bull
MHMarkets ：MHM Today News
On Wednesday, spot gold shocked downward, after the release of April CPI data, gold short sharply pulled more than $15, and once approached the $2050 mark. Perhaps because the core CPI remains stubborn, the market optimism that the Fed will cut interest rates this year has faded, gold then retracted all the gains due to CPI data, and once fell below the $2030 mark; and then some recovery, and finally closed down 0.2% at $2030.37 per ounce. Spot silver closed down 0.8% at $25.39 per ounce.
05/11 Market report
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
WTI Price Analysis: Bulls and bears go head to head at a critcal zone on the charts
As per the prior analysis, WTI bears are lurking in what could be a peak formation on the charts, the oil price has taken on resistance and is now at a critical juncture as the bulls flex their muscles. WTI is sandwiched between $73.90 on the backside of a longer-term bearish trend and the backside of a micro counter trend as the following illustrates.
Natural Gas Completes Retracement as it Rises Above Friday’s High
Natural gas triggers a daily bullish reversal following the completion of a 78.6% Fibonacci retracement. It advanced above Friday’s high of 2.17 and is on track to close above that high for Monday.
Inflation data to boost gold?
It can be observed that, Gold prices remained steady on Monday after a significant drop of more than 2% in the last session. This can be attributed to the cautious approach of investors ahead of the upcoming US inflation data due this week.
European stocks lower; Chinese trade data disappoints
European stock markets edged lower Tuesday, as investors digested soft Chinese trade data ahead of the latest U.S. inflation report and the Bank of England’s policy-setting meeting.
Best FTSE 100 dividend stocks in June 2023
Dividend stocks offer investors the opportunity to diversify their portfolio whilst earning regular income, which can either be kept as cash or reinvested. The UK’s benchmark index, the FTSE 100, is comprised of the 100 largest companies listed on the London Stock Exchange (LSE) by market capitalisation, many of which are generous dividend payers.
ASX 200 afternoon report: May 8, 2023
A positive lead from Wall Street on Friday night saw the ASX 200 add a quick-fire 72 points (1%) to a high of 7292.4 this morning - the majority of which it is holding onto with just under an hour of trading left in the session.
WCG Markets:2023-05-11
WCG Markets:2023-05-11
MHMarkets ：MHM European Market
During the Asian session on Wednesday (May 10), spot gold was slightly down, and is currently trading around $2028.44 per ounce. The Fed's "No. 3", New York Fed President Williams said "inflation remains high and it is too early to judge the end of interest rate hikes; and I don't see any reason to cut rates this year", which provides support to the dollar and makes gold bulls wary.
MHMarkets ：MHM Today News
On Tuesday, as investors sought a safe-haven amid economic uncertainty and awaited the release of U.S. CPI data. Spot gold stood at the 2030 mark during the U.S. session and rose to an intraday high of $2037.70, eventually closing up 0.67% at $2034.52 per ounce. Spot silver hovered around $25.50 and eventually closed up 0.19% at $25.60 per ounce.
05/10 Market report
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
How to Protect Your Money If Big Bank Collapse? What Alternatives Exist?
The collapse of Silicon Valley Bank and Signature Bank in early 2023 led many people to doubt the safety of their money in big banks. Although measures have been taken to strengthen the banking system since then, the possibility of another financial collapse cannot be ruled out completely. So, how can you protect your money if big banks collapse? Let's dive in and explore some smart money tips and moves that you can make!
GEMFOREX - weekly analysis
Top 5 things to watch in markets in the week ahead