Global Stock Rally Falters, Focus on Powell Testimony
On Monday, global stocks dropped from 14-month peaks, as investors waited for testimony from U.S. Federal Reserve Chair Jerome Powell as markets stay dominated by bets on monetary policy.
ECB: Taking cues from the flexible Fed
Anticipations of a 25 basis points rate increase prevailed ahead of the latest ECB meeting. The market was predominantly concerned with the forward guidance and the prospective path of the rates. In brief, despite an uptick in inflation expectations and a reduction in GDP projections, the ECB aims to adhere to a supple and information-oriented methodology in its future endeavors.
Australia stocks higher at close of trade; S&P/ASX 200 up 0.86%
Following the close of trading on Tuesday, the Australian stock market experienced an upturn, driven by notable gains in the Energy, A-REITs, and Financials sectors. The S&P/ASX 200 index closed at a new 1-month high, reflecting a 0.86% increase.
ASX200 Afternoon Report June 20, 2023
The ASX200 trades 68 points (0.90%) higher at 7363 at 4.00 pm. With US equity markets closed overnight for the Juneteenth holiday, the ASX200 has today taken its lead from action from Chinese authorities to stimulate its flagging economy. The rally has been broad-based, with all eleven sectors trading higher.
Forex Trading: How to Buy the Rumor and Sell the News?
The ‘Buy the Rumor, Sell the News’ strategy is one of the most common fundamental analysis-based trading approaches. This forex trading strategy relies on what traders believe will happen in an upcoming forex event. It all begins with a trader buying a currency on the strength of a rumor. Following the occurrence of the anticipated event (e.g., the Federal Reserve meeting), as soon as the news is up, the trader sells their positions, often at a considerable profit.
How Much Money Do You Need To Start Forex Trading ($5, $50, $500)
Do you dream of making significant gains in the Forex market, but your current financial situation seems far from ideal? Fear not! Discover the surprising truth behind starting capital and the steps you can take to start forex trading journey with as little as $5, $50, or $500. Spoiler alert: It's not about the size of your wallet, but the size of your determination instead!
Mai hui MHmarkets: June 20, 2023-MHM European Perspective
On Tuesday (June 20), spot gold weakened slightly during the Asian session, reaching a three day low of $1945.02 per ounce, approaching the 100 day moving average, currently trading around $1948.82 per ounce.
Mai hui MHmarkets: June 20, 2023 - Fundamental Reminder
On Monday, spot gold fell sharply in the European session and once fell below the $1,950 mark to an intraday low of $1,947.86, eventually holding the $1,950 mark and closing down 0.38% at $1,950.47 per ounce; spot silver "faltered" near the $24 mark and eventually closed down 0.97% at $23.95 per ounce.
Delisted Products in June
Delisted Products in June
WCG Markets:2023-06-20
WCG Markets:2023-06-20
8 Questions to Ask Yourself Before You Open a Forex Account
Do you think it would be a good idea to open a forex account given a large number of success stories on the internet? Are you currently trading on a demo account for more than two months and willing to switch to real-time trading? If you rush into opening a live forex trading account without asking yourself some questions, you are going to make one of the biggest mistakes of your life.
What the Strong US dollar has to do with the Global Economy?
In 2022, the value of the U.S. dollar has grown an impressive 14% compared to major currencies, reaching its highest level since the early 2000s. The dollar continues to surge despite recession fears and signs of a slowing economy. For the first time in two decades, the strong US dollar, on a steady upward trend for a year now, has exceeded the ‘Euro’. Likewise, the Japanese ‘Yen’ is also dropped significantly against the strong US dollar.
USDJPY rallies to seven-month high as Fed defends hawks despite no rate change verdict
Federal Reserve announced the much-awaited pause to its rate hike trajectory on Wednesday but markets made a peace with a hawkish halt with upbeat economic forecasts and the policymakers’ readiness to assess more details for each upcoming rate increase.
EUR Anticipates ECB's Decision: Overview for June 15, 2023
EUR/USD is currently experiencing heightened volatility throughout this week. The primary currency pair is in a consolidation phase on Thursday, eagerly awaiting crucial news. The current EUR/USD exchange rate stands at 1.0810.
After Fed delivers a “hawkish” skip, attention turns to the ECB
European markets closed the day higher yesterday, with the DAX making a new record high, ahead of last night’s Fed decision, while US markets closed the session mixed after a choppy session, which saw the Fed deliver a hawkish pause to their rating hiking cycle.
Mai hui MHmarkets: June 19, 2023-MHM European Perspective
On Monday (June 19), spot gold narrowly oscillated during the Asian session and is currently trading near $1957.14 per ounce; gold price rally was blocked last Friday, and the U.S. consumer confidence data was better than expected
Mai hui MHmarkets: June 19, 2023 - Fundamental Reminder
Last Friday, perhaps because the market is digesting the Fed will be expected to raise interest rates in July, spot gold oscillating trading, its European session slightly upward, up to $1968, and then give back all the gains of the day, and finally close to a flat close at $1957.98 per ounce
AUS GLOBAL launches the "Rice Dumplings fragrance and Good Luck" lucky draw to thank new and old customers on the occasion of the Dragon Boat Festival
On the occasion of the Dragon Boat Festival, in order to thank and give back our customers and partners for their trust and support in AUS GLOBAL , we sincerely hold an activity for all our clients and partners: Rice Dumplings fragrance and Good Luck (hereinafter referred to as Dragon Boat Festival).
Basics of Forex Economic Indicators
Indicators help traders understand the economic situation of a relevant country, and the impact it will have on currencies.
Mai hui MHmarkets: June 16, 2023-MHM European Perspective
On Friday, June 16, spot gold edged up during the Asian session and is currently trading around $1958.05. Spot gold fell to $1,924.75 on Thursday, then recovered and finally closed up 0.83% at $1,957.81 per ounce.