MHMarkets ：MHM Today News
On Friday, as stronger-than-expected U.S. jobs data hit the market expectations of a Fed rate cut. Spot gold took a big dive and fell below the $2,000 mark before recovering and stabilizing above $2,010 to close down 1.63% at $2,016.91 per ounce. Spot silver fell along with gold, eventually closing down 1.43% at $25.67 per ounce.
‘Buy the Dip’: Why this Investing Strategy is trending!
Experiencing a decline in the financial market doesn't necessarily spell disaster for investors with long-term goals. Instead of hastily selling off investments, downturns like the ones witnessed in 2022 and 2023 could present an opportunity for investors to maintain their unwavering commitment to their portfolio. In fact, downturns may even present an opportunity to “buy the dip,” or invest at a discount!
What is a Foreign Currency Reserve and Why Is It Called a lifeline of an economy?
Foreign currency reserves, also referred to as forex reserves or foreign exchange reserves, comprise cash and assets such as gold that are held by central banks. These reserves serve as a safeguard against potential vulnerabilities that may arise due to sudden disruptions in international money flows during a crisis. As economists suggest, having sufficient forex reserves not only enables countries to combat or overcome economic instability but also promotes stability in their domestic currency!
05/08 Market report
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
AUS GLOBAL’s important notice on the launch of US stocks and European stocks!
We are honored to inform you that in order to provide customers with a richer trading experience, our company has launched more than 300 US and European stock trading products, including APPLE, ALIBABA, AMAZON, COCA-COLA, JD, EBAY, BMW, HSBC, SHELL and many other popular stocks which can provide 1:20 times leverage.
Market Closure in May
Please refer to the following table for the changes in the trading hours during the month of May 2023.
Weekly News 2023/05/01-2023/05/05
Index / Stocks / Crypto / Metals / Commodity & Futures / Forex
Forex Products Optimization Notice
The Broker was Launched in 2015, PU Prime was founded with the vision of making trading accessible to all.
EUR/NZD extends drop, critical support lies ahead
EUR/NZD declined on Friday after data showed that U.S. employment and wages rose by more than economists expected in April.
US GDP Falls Short of Expectations and Inflation Rises: A Closer Look at the Numbers
Gross domestic product (GDP) in the United States represents the total aggregate output of the U.S. economy. It is important to keep in mind that the GDP figures, as reported to investors, are already adjusted for inflation.
UK Authorities to Ban Cold Calls for Financial Products Including Crypto
The U.K. government is set to ban cold calls to sell financial products, including crypto, in order to tackle fraud and scams. The reported value of U.K. cryptocurrency fraud has risen 32% and the government is introducing a National Fraud Squad with 400 new posts to help investigate crypto-related crime.
Uber shares surge after Q1 report!
Shares in Uber Technologies Inc (NYSE:UBER) spiked in premarket U.S. trading on Tuesday after the ride-hailing company posted better-than-expected revenue in the first quarter.
U.S. FAA opens new direct plane routes ahead of summer travel
The Federal Aviation Administration (FAA) on Monday said it had activated 169 more direct routes along the U.S. East Coast ahead of the busy summer travel season. The direct routes will shave off 40,000 miles and 6,000 minutes of travel time annually, the FAA said.
Should you invest in Chinese assets?
In spite of being one of the largest and fastest growing economies in the world, we believe investors do not have enough exposure to Chinese equities, in particular onshore Chinese equities. We’ve found that the average international investor’s total China exposure is 4.6% of its total assets.
S&P 500 Trades Lower With Possible Recession On The Horizon, China's Economy Grows
The S&P 500 dipped and the Nasdaq ended sharply lower on Wednesday after a growing wave of weak economic data deepened worries that the Federal Reserve's rapid interest rate hikes might tip the U.S. economy into a recession.
Market Recap (April): Markets think peak Fed rates are in
Most global central banks may be either close to a peak or already done with interest-rate hiking, auguring a hiatus before possible monetary loosening comes into view.
GBP/USD PRICE ANALYSIS: THE PAIR BALANCES AT CRITICAL LEVELS
GBP/USD was trading in a narrower range of around 50 pips on Thursday having hit an 11-month high the prior day after the Federal Reserve raised rates but signaled an end to its tightening cycle is in sight. The technicals are left bullish, however, while on the front side of the weekly dynamic support line as the following will illustrate:
GBP renewed its highs. Overview for 04.05.2023
The GBPJPY pair continued the profit gaining, to notice forming correctional bearish rebound and approach the additional support at 169.00, while the contradiction between the major indicators allows us to expect surrendering to the domination of the sideways bias until gathering the required additional positive momentum to renew the positive action and achieve some gains by rallying towards 170.60 and 171.40 levels.
FOMC hikes rates but signals pause
The official non-manufacturing purchasing managers' index (PMI) stood at 56.4 versus 58.2 in March, according to data from the National Bureau of Statistics, above the 50-point mark that separates expansion and contraction in activity on a monthly basis.
Crude Prices Drop Further Before Expected Interest Rate Hikes
Oil prices fell 4% on Wednesday, extending steep losses from the previous session after the U.S. Federal Reserve raised interest rates and as investors fretted about the economy.