USD/CAD Price Analysis: Retreats below 1.3200 on mixed technical indicators
The USD/CAD has fallen beneath the 1.3200 level, largely driven by the bolstering effect of substantial yields on Canadian bonds, most notably the 3.385% yield observed on the 10-year note, which represents an increase of 0.53%.
Crude Oil extends reversal from multi-day high on China demand woes, fears of higher Libyan output
On Monday, market activity is likely to be limited due to the conjunction of Japan's holiday and the pre-Federal Reserve blackout period. This could enable the US dollar to maintain its recovery from the recent multi-day low, a rebound fueled in part by positive US economic data.
A Week in the Market: Prices and Demand (17-21 July)
China will present a lot of statistics. It is already known that the GDP for the second quarter has surpassed the value for the first quarter and reached 6.4% against 4.5%. However, the indicator fell short of analysts' forecasts. For risky assets, this is a moderate signal.
Mai hui MHmarkets: July 17, 2023-MHM European Perspective
On Monday (July 17), spot gold fluctuated in a narrow range during the Asian session and is currently trading near $1955.20 per ounce. Last Friday's data showed that U.S. consumer confidence jumped to the highest level in nearly two years, the dollar index rebounded from this year's 15-month low near, so that gold prices continue to be pressured by the 55-day average and 1960 mark and other multiple resistance, short-term gold prices face further retracement risk
USD/JPY Takes Big Hit, EUR/USD and GBP/USD Extend Rally
The US Dollar started a major decline from the 145.00 zone against the Japanese Yen. USD/JPY traded below a key bullish trend line with support near 144.20
Is Gold heading to $2,000?
Gold is experiencing a slight decline after a vigorous rise yesterday and is consolidating near $1,955.
Win up to $13,000 in Prizes with Copy trading promotion!
Land-FX Copy trading promotion
07/17 Market report
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
Mai hui MHmarkets: July 17, 2023 - Fundamental Reminder
Last Friday, the University of Michigan released the preliminary value of July U.S. consumer confidence climbed more than expected, which was a record high since September 2021, but also the largest year-on-year increase since 2006.
BRICS Countries Can Return to the Gold Standard
The BRICS (Brazil, Russia, India, China, South Africa) association is preparing to shift back to the gold standard. Industry specialists underline that the USA should be cautious as this move could significantly impact the United States Dollar (USD). This development could potentially herald the conclusion of the USD's reign as the world's primary reserve currency.
The dollar index dropped below 100 points for the first time since April 2022
The dollar index on Wednesday dropped below 100 points for the first time since April 2022.
Oil Report: Oil bulls shatter barrels
Oil’s prices continued to be on the rise over the past week, with the bullish sentiment being intense. In this report, we aim to shed light on the factors driving WTI’s price, assess its future outlook and conclude with a technical analysis.
First half of 2023 ends with a positive outlook
First half of 2023 ended with a positive outlook in the global economy, despite the high interest rates and discouraging speeches from the central banks of the US and Europe. In this article, we will see how various risk assets have performed above expectations, how Bitcoin has been behaving, and also how Apple recently reached historic stock prices.
Weekly News 2023/07/10-2023/07/14
Index / Stocks / Crypto / Metals / Commodity & Futures / Forex
Forex for Beginners: What’s the best way to learn Forex?
While forex trading has drawn a lot of attention over the years and become more accessible now than ever before, most beginners still lose money in the hopes of earning big profits quickly. When it comes to trading forex for beginners, understanding the basics is of utmost importance. Upon mastering the basics and honing your skills, it will be easier for you to dive into forex trading with confidence.
How Big Is the US Dollar Market and Which Countries Use USD?
The US dollar market is significant and plays a dominant role in global trade and finance. The USD is overwhelmingly the most frequently used currency in global trade, accounting for a large share of global trade invoices. In fact, several U.S. territories and other sovereign nations accept U.S. dollars as a primary or secondary currency alongside their local currencies. If you’re an enthusiastic forex trader, you're in for an epic ride centered around the dollar!
ＭyAccount Upgrade Announcement
MyAccount services will be temporarily suspended from 03:00 to 09:00 (GMT+3) on Saturday, July 15th, 2023.
Mai hui MHmarkets: July 14, 2023-MHM European Perspective
Spot gold traded in a narrow range on Friday (July 14) in Asia, trading near $1,958.70 per ounce. Although US PPI data released overnight reinforced expectations that the Federal Reserve is near the end of its rate hike cycle, the dollar index hit a near 15-month low again, but Fed Governor Waller insisted that there will be two more rate hikes this year, Lent support to the dollar and gave gold bulls pause.
Mai hui MHmarkets: July 14, 2023 - Fundamental Reminder
On Thursday, spot gold hovered near a one-month high after data showed inflation cooled but the labor market remained tight, eventually ending up 0.17% at $1960.49 an ounce, a near one-month high. Spot silver rallied sharply, gaining for two straight days to end up 3.02 percent at $24.87 an ounce. The gold-silver ratio fell to a two-month low.
Investing Young: What Makes Forex Trading So Popular Among Youth?
Investing young in the financial markets can open you up to a world of opportunities. Among its vast expanse, the forex market stands as an enticing trading platform, captivating traders, entrepreneurs, and investors from across the globe — choosing it as their primary source of income. But what lies behind this phenomenon? Join us as we embark on a journey to unravel the reasons that make forex trading so appealing to young people!