03/28 Market report
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
WCG Markets:2023-03-28
WCG Markets:2023-03-28
EU & UK Daylight Saving Time Switch Notification
We would like to provide you with the following information regarding the changes in the trading platform time schedule, due to EU & UK daylight saving time switch on Sunday 26th March 2023
How will the dollar and gold be affected by the collapse of Silicon Valley Bank?
Foreign exchange broker MACRO has offered its view on the bankruptcy of Silicon Valley Bank, suggesting that it could have an impact on the foreign exchange market for both the US dollar and gold. In the short term, investors may turn to more stable assets such as gold, while the US dollar may suffer as investor confidence in the US economy and financial markets slips. However, we should note that the prices of these varieties are influenced by a number of factors, such as the global epidemic, e
MACRO's FX Assessment: Eurodollar short-term outlook trending higher
MACRO's foreign exchange analysis team has assessed the short term outlook for the Eurodollar exchange rate. Combining the economic recovery in the Eurozone with the negative impact of the US Dollar from a number of factors, we forecast that the Eurodollar exchange rate will continue to trend higher. Although market volatility and risk remain, traders are advised to plan their trades and risk management strategies accordingly, depending on their capital strength and trading experience. Translat
GEMFOREX - weekly analysis
The week ahead: 5 things to watch
MHMarkets：MHM European Market
On Monday, March 27th, at the beginning of the Asian market, US oil was trading near $69.68 per barrel; Oil prices closed lower on Friday as European bank stocks fell and US Energy Secretary Glenholm said it could take several years to replenish the country's Strategic Petroleum Reserve (SPR), which dampened demand prospects; However, as Russia nears the target of crude oil production reduction and the confrontation between Russia and the West escalates, oil prices are expected to start a volati
Mohicans markets ：MHM Today News
Last Friday, as the market's "fear of the banking industry" burned to Deutsche Bank, spot gold rose in response and again hit the $2000 mark. However, during the US session, it was suppressed by US bond yields and took back nearly $30 in intraday trading, eventually closing 0.77% lower at $1978.36 per ounce; Spot silver rose first and then fell with gold, but later pulled up and recovered some of its losses, ending up 0.52% higher at $23.22 per ounce.
03/27 Market report
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
How do you Choose the Best Time Frames for Forex Trading?
Forex traders, especially those who are new to forex, often wonder ‘what are the best time frames to trade forex?’. Honestly, there isn’t a single answer as different traders have different trading strategies, geographies, and goals. Nevertheless, choosing the right time frames is essential to determining a trader’s success or failure. Newbie traders often don’t do well because they trade the wrong time frame and don't fit their personality.
How to Build a Successful Trading Career From Scratch in 2023
The financial market is a fascinating domain that has given rise to a variety of job opportunities. However, the longevity and profitability of one’s trading career are dependent on their ability to understand market trends and exercise sound judgment. This guide details the best techniques for starting a profitable trading career from the bottom up, even on a limited budget!
Shareholders and Bondholders Be Damned
Shareholder and bondholder both aim at maximizing their investment, both of them often confused as one, but they are very different on several terms.
Rising CDSs push Deutsche Bank shares more than 10% lower!
Deutsche Bank shares fell on Friday following a spike in credit default swaps Thursday night, as concerns about the stability of European banks persisted.
RBA Board opens the door to a pause in April
The Reserve Bank of Australia (RBA) lifted the official cash rate by 25 bps to 3.6 per cent on Tuesday, marking the 10th consecutive hike since May 2022.
Pfizer stock rockets after $43 billion acquisition of Seagen. Is now the time to trade?
Pfizer Inc. is a research-based global biopharmaceutical company. It engages in the discovery, development, manufacture, marketing, sales and distribution of biopharmaceutical products worldwide.
Mixed signals
Markets are sending conflicting signals about how big a threat the global trade rift presents.
Activision Blizzard Shares Pop As UK Regulator Drops Deal Concerns
Activision Blizzard Inc. stock was up nearly 6% in afternoon trading Friday after the U.K.’s Competition and Markets Authority said it was narrowing the scope of concerns that it had about the company’s pending acquisition by Microsoft Corp.
Mohicans markets：MHM European Market
During the Asian session on Friday (March 24), spot gold oscillated narrowly and is currently trading near $1990.30 per ounce. The impact of the Fed's dovish rate hike has receded and the turmoil in the banking sector in Europe and the United States has eased, with long and short wait-and-see sentiment building. Although the dollar bottomed out overnight to make some of the bulls have concerns, gold prices are still expected to have a chance to shock higher after the market. Because of the mediu
03/24 Market report
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
Mohicans markets：MHM Today News
In the early morning of this morning, US Treasury Secretary Yellen changed his tone and said that "we are prepared to take action to protect deposits when necessary." In addition, the number of initial claims for unemployment benefits announced last night in the US is still below 200000, indicating that the US labor market remains strong, which has a negative impact on the Fed's dove expectations. As a result, the US dollar index has recovered some of the land lost since the Fed raised interest