Afternoon Briefing 11 July 2023: Oil Rises on OPEC+ Production Cuts
Asian stocks rose as Wall Street snapped a three-day losing streak.
Stocks Pick of The Week - When Federal Reserve Tightening Concerns Arise
With the increasing likelihood of a rate hike in July, bond traders are now shifting their focus to the future beyond this month. Encouraging data releases, particularly the latest ISM figures, are heightening the chances of a second rate hike taking place in 2023. Furthermore, these figures also indicate the potential for upward revisions in the projections for 2024 when the Federal Reserve assembles in September.
NFP Breakdown June Employment: Cooling, Still Hot
In June, there was a rise in nonfarm payrolls by 209K, which fell slightly below the Bloomberg consensus for the first time in 15 months. Additionally, revisions made to job growth in the previous two months revealed that employment growth has not been as strong as initially thought.
DAX 40 & DOW JONES: weekly analysis 10th – 14th July
Stock markets are under pressure after a substantial rise and some profit-taking patterns.
Mai hui MHmarkets: July 11, 2023-MHM European Perspective
On Tuesday (July 11), spot gold shocked slightly up during the Asian session and is currently trading near $1929.56 per ounce.
Mai hui MHmarkets: July 11, 2023 - Fundamental Reminder
Spot gold was little changed on Monday as traders remained cautious ahead of key CPI data, falling sharply to an intraday low of 1,912.74 before quickly recovering losses to end the day up 0.02% at $1,925.32 an ounce.
07/11 Market report
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
WCG Markets:2023-07-11
WCG Markets:2023-07-11
How To Optimize Your Trading Portfolio For 2023
As we draw closer to the end of first-half in 2023, there are likely many tasks you want to complete before the new year. However, reviewing your ‘trading portfolio’ must be one of your top priorities which must not be neglected. Successful traders always revisit and review their trading portfolios every six months, quarter, or year to ensure that they are not drifting away from their initial financial targets.
WCG Markets:2023-07-10
WCG Markets:2023-07-10
07/10 Market report
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
Mai hui MHmarkets: July 10, 2023-MHM European Perspective
Spot gold traded near $1,920.50 an ounce in Asia on Monday (July 10). A rebound in the dollar and firmness in the US 10-year Treasury yield have weighed on gold prices, with bulls still widely expected to be given pause by another Fed rate hike in July.
Mai hui MHmarkets: July 10, 2023 - Fundamental Reminder
On Friday, spot gold extended intraday gains to as high as $1,934.89 before easing to settle up 0.71 per cent at $1,924.28, its first weekly gain in four weeks, after a surprise June payrolls data raised questions about the Fed's trajectory for rate hikes beyond July.
How to Learn Forex Trading: Ultimate Guide for Beginners
Forex beginners are always eager to learn forex trading online as an opportunity to make money, and they always wonder how to get started. It’s important to have a deep understanding of how the market works and best practices for forex trading.
Why Investing In Foreign Currencies Makes More Sense Than Saving Money!
Money can be a blessing or a curse, depending on what it is used for. If you keep too much of your money in low-yield savings or checking accounts, inflation will decrease your net worth over time. In contrast, if you park your cash in foreign currencies, not only will you earn higher returns, your investment portfolio will be more diverse too!
Week Ahead starting 10/7/23: US banks; Delta; Pepsi; US inflation; NZ, and BoC rate decisions
Investors are provided with a comprehensive overview of the global economy as major Wall Street banks, Delta Airlines, and PepsiCo release their Q2 earnings. In addition, it is important to closely monitor the interest rate determinations expected from New Zealand and Canada.
U.S. stocks lower at close of trade; Dow Jones Industrial Average down 0.55%
U.S. stocks were lower after the close on last Friday, as losses in the Telecoms, Healthcare and Utilities sectors led shares lower.
Summer slump
Last week, there were concerns about global economic growth. Tension between the US and China increased, and China’s Caixin PMI data was also lower than expected.
Global equity benchmarks continued to fall on Friday
Global equity benchmarks continued to fall on Friday as investors bet on more monetary tightening ahead of last week’s crucial US NFP report.
DOLLAR is located above $800 before good data in the US.
Following the release of the ADP employment data in the United States, the USD to peso exchange rate witnessed an initial gap of over 3 pesos, and subsequently approached the 800 peso mark once again. The remarkable surge in job creation was so significant that it surpassed expectations by doubling the anticipated figure, with market forecasts anticipating nearly 500,000 new job additions compared to the previously projected 230,000.