European Stocks Rebound on Easing Banks Tax Concerns
On Wednesday stock markets in Europe were higher as investors tried to recoup recent losses while evaluating more quarterly corporate earnings.
The US dollar fell on Wednesday, investors await today's US consumer price report Gold prices fell, hitting their lowest point in nearly a month
The US dollar fell on Wednesday, investors await today's US consumer price report Gold prices fell, hitting their lowest point in nearly a month
08/09 Market report
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
Is It Best To Set A Fixed Profit Target Or Just Let A Winning Trade Run?
Imagine you are a day trader investing in an asset you believe will increase in value. You also have a fixed profit target in the first place. However, as the asset increases in value, you are now wondering that you’re missing out on potentially larger gains by not allowing the trade to run further. Should you stop trading once you hit a profit goal or let the winning trade run? Let’s discuss the wisest decision based on various scenarios!
Crude oil eases from four-month high as supply cut fears contrast with US Dollar rebound
Financial markets witness a sluggish Monday, so far, as traders struggle to justify hopes of witnessing softer interest rates amid economic fears. Adding strength to the cautious optimism is China’s stimulus to battle the typhoon fears, as well as infuse funds into the struggling property markets.
AUD/JPY holds below the 94.00 mark following the mixed Australian/Chinese data
The AUD/JPY cross struggles to gain and holds below the 94.00 mark during the early Asian session on Monday. The cross currently trades around 93.88, up 0.88% for the day. The cross struggles to gain following the mixed Australian and Chinese data earlier in the day. Investors await the Chinese Consumer Price Index (CPI) for fresh impetus.
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MHMarkets：Đồng đô la giảm trong ngày, các loại tiền tệ không phải của Mỹ và kim loại quý yếu. Bên cạnh đó, dầu thô Hoa Kỳ giảm mạnh!
Giá vàng dao động trong biên độ hẹp vào thứ Ba (8/8) tại châu Á, hiện được giao dịch gần 1.934,17 USD/ounce. Dữ liệu tương đối nhẹ và thị trường đang trong tâm trạng chờ đợi, chủ yếu chờ đợi chỉ số giá tiêu dùng (CPI) của Mỹ vào thứ Năm cho tháng 7 để làm rõ vấn đề tăng lãi suất hơn nữa.
MHMarkets：The dollar fell higher on the day, non-US currencies and precious metals were weak. Besides, US crude oil fell sharply!
Spot gold fluctuates in a narrow range on Tuesday (August 8) in Asia, currently trading near $1,934.17 per ounce. The data is relatively light and the market is in a strong wait and see mood, generally waiting for Thursday's US CPI data for July to make clear whether there will be further interest rate hikes.
MHMarkets：August 8, 2023 - Fundamental Reminder
On Monday, possibly influenced by Fed Governor Bowman's eagle, spot gold rose to an intraday high of $1946.62 before falling back, losing the 1940 mark and barely holding the 1930 mark in U.S. trading before settling down 0.36 percent at $1936.49 an ounce.
08/08 Market report
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
MHMarkets：Dollar day unilateral strength, non-US currency precious metals collectively weak, US crude oil shock is very weak! Dollar day unilateral strength, non-US currency precious metals collectively weak, US crude oil shock is very weak! Dollar day unilateral strength, non-US currency precious metals collectively weak, US crude oil shock is very weak!
Spot gold fell slightly in Asia on Monday (August 7), trading at $1,936.68 an ounce, pressured by a hawkish price statement from Federal Reserve Governor Ben Bowman on Saturday, which provided momentum for a rebound in the dollar index.
MHMarkets：August 7, 2023 - Fundamental Reminder
On Friday, the U.S. dollar index fell sharply during the session on the back of a slightly worse than expected U.S. non farm payrolls report for July, briefly falling below 102 to an intraday low of 101.75, before recovering some of its losses to end down 0.47% at 102.
Weekly News 2023/07/31-2023/08/04
Index / Stocks / Crypto / Metals / Commodity & Futures / Forex
08/07 Market report
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
US employment growth slowed in July, and the US dollar experienced its largest daily decline in three weeks, This week focuses on speeches by Federal Reserve officials on the economic outlook
US employment growth slowed in July, and the US dollar experienced its largest daily decline in three weeks, This week focuses on speeches by Federal Reserve officials on the economic outlook
08/04 Market report
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
Mai hui MHmarkets: USD has started to weaken, while non US currencies and precious metals have not strengthened, and US crude oil has a mixed positive and negative trend!
On Friday (August 4) , spot gold fluctuated narrowly during the Asian session and is currently trading around $1936.56 per ounce. After a series of strong economic data this week drove US government bond yields to a nine month high, investors began preparing for the closely watched US employment report.
US Dollar Index: DXY Follows Yields To Reestablish Multi-Day Highs Below 103.00 In Advance Of US ISM
The US Dollar Index has attained its maximum level in the previous three weeks given an increase in risk aversion commingled with escalating Treasury yields. Fitch Ratings’ credit rating downgrade of the United States has boosted risk aversion, augmenting the demand for the US dollar, a sought-after safe haven. The US Treasury Department's readiness to evaluate bond demand amplifies yields, especially when the sentiment is pessimistic. Lastly, a promising US ADP Employment Change bolsters the progress of DXY bulls in advance of several significant statistical data.
Unleash Your Trading Skills: Vantage Hosts Epic Live Trading Competition
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