GBP/USD retreats and snap three days of gains amid escalating Middle East conflict
GBP/USD snaps three days of consecutive gains slumps on risk aversion spurred by the clash between Israel and Hamas after the latter struck an attack during the weekend.
WCG Markets:2023-10-12
WCG Markets:2023-10-12
European stocks retreat as oil soars on Middle East conflict
On Monday, European stock markets experienced a decline as investors evaluated the ramifications of the military conflict in the Middle East and the consequent rise in oil prices.
10/11 Market report
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
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Dollar Ends Mixed, US Bond Yields Lift on Robust Payrolls
Summary: The performance of the US Dollar was mixed against other currencies as US bond yields rose following the release of a better-than-expected jobs report. The Dollar Index (DXY), which measures the value of the Dollar against six major currencies, ended slightly lower at 106.10.
Brent Oil Prices Opened Higher on Monday
Brent oil prices initially opened higher on Monday and have continued to rise as investors strategically position themselves following the recent violent attack carried out by Hamas in Israel over the weekend.
Amidst The Current Situation Between Israel And Palestine, The EUR/USD Is Trading Higher At 1.0570
Despite the ongoing geopolitical turmoil in the Middle East, the EUR/USD currency pair continues to show an upward trend. The ongoing war in the region may lead to an influx of investments into traditional safe-haven assets. Additionally, the US Dollar (USD) received a significant boost from the impressive US Nonfarm Payrolls data, further strengthening its position.
MHMarkets：The decline of the US dollar index in the Asian market was hindered, and the USDJPY was supported by the decline of the US dollar, with a strong upward trend, almost recovering from yesterday's decline in the US market.
At the end of the Asian market on Tuesday (October 11), the US dollar index fell to yesterday's low point at the opening of the Asian market today.
MHMarkets：October 11, 2023--Fundamental Reminder
Overnight, Fed officials again issued a dovish note, with this year's hawkish member Kashkari saying higher yields could mean the Fed needs to slow the pace of rate hikes
10/10 Market report
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
Dovish messages circulating within the Federal Reserve The US dollar fell under pressure Gold stayed above $1,860
On Tuesday (October 10th), in the early trading session of the Asian market, the US dollar index slightly declined, falling below 106 at one point and reaching a minimum of 105.91, setting a new low in over a week.
MHMarkets：The dollar index rose in the Asian trading session, while gold short-term pressure and fell below 1860; USDJPY was hindered from breaking above 148.64 during the Asian session, leading to increased volatility.
At the end of the Asian session on Tuesday (October 10), the US dollar index rebounded upwards during the Asian session, with current prices around 1026.21.
MHMarkets ：October 10, 2023--Fundamental Reminder
The dollar index opened higher Monday, pulling away from a one-week low, as both hawkish Logan and Fed Vice Chairman Jefferson acknowledged the impact of rising yields on financial conditions, suggesting the Fed may not have to move as far as previously expected to raise interest rates. The dollar index fell, closing down 0.12% at 106.08.
WCG Markets:2023-10-10
WCG Markets:2023-10-10
10/09 Market report
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
MHMarkets：he Asian market closed, and after a significant decline in the USDX last Friday, the Asian market opened today with a slight upward adjustment
On Monday (October 9), the Asian market closed, and after a significant decline in the USDX last Friday, the Asian market opened today with a slight upward adjustment. The current price is around 106.31, and there was no breakthrough during the Asian market; During the gold sub market period, the stock price jumped short and opened high, with overall volatility during the sub market period. The current price has not filled the gap downward, and is currently around 1853.54;
US non-farm data has a positive impact while the US dollar fell back Gold rebounded significantly after hitting the bottom
The strong recruitment campaign in September brought last week to a successful conclusion, and the US GDP growth in the third quarter is likely to be close to 5%.
MHMarkets ：October 09, 2023--Fundamental Reminder
The dollar index jumped to near 107 after Friday's non farm payrolls report, which was almost twice as large as expected, indicating that the US labor market remains strong and reinforcing expectations of Fed tightening. However, the market trend did not last and made a dramatic reversal during the session, falling below 106 at one point and closing down 0.24% at 106.11.
Weekly News 2023/10/02-2023/10/06
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