May 18, 2023-MHM European Perspective
On Thursday (May 18) , spot gold shock slightly down during the Asian session , and is currently trading near $1978.41 per ounce. Recent U.S. data is stronger than expected by the market, the Fed officials speak to the hawkish, the market on the Fed to cut interest rates during the year is expected to cool, the dollar index continued to rise, forming a pressure on gold prices; and the U.S. debt ceiling agreement is expected to heat up, the market risk aversion cooling, but also reduce the attrac
May 18, 2023 - Fundamental Reminder
On Wednesday, due to Biden's commitment to the debt ceiling, stronger-than-expected U.S. economic data and hawkish comments from some Fed officials, the dollar index was once up to the 103 mark, approaching a seven-week high, and finally closed up 0.24% at 102.85. The onshore and offshore yuan against the dollar both fell below the "7" mark during the day, and the dollar hit a two-week high against the yen intraday.
Understanding Bank Stocks Amid Economic Downturns: An In-Depth Analysis
In mid-March 2023, the collapse of Silicon Valley Bank and Signature Bank triggered a significant downturn in the financial markets, with most banking stocks and bank-based exchange-traded funds (ETFs) experiencing sharp declines in stock prices.
The pound remains under pressure after the speech of the head of the Bank of England
The British pound sterling has been showing a significant drop in recent days in a pair with the US dollar, falling to the level of 1.2422. On Wednesday, after a speech by the governor of the Bank of England, Andrew Bailey, who said that the central bank expects price pressure to ease in April, the pound remains under pressure.
G7 Finance Chiefs Meet & Address Global Economic Uncertainty
Finance leaders of the Group of Seven nations warned of heightening global economic uncertainty on Saturday as they wrapped up a three-day meeting overshadowed by a US debt ceiling stalemate and the fallout from Russia's invasion of Ukraine.
Crude Oil Price Starts Recovery But Faces Hurdle
Crude oil prices remained well-bid above the $65 level against the US Dollar. The price started a recovery wave above the $68 and $68.50 resistance levels.
Bank Stocks Lead Wall Street Rally
Bank stocks led a rally on Wall Street on Wednesday as investors regained confidence in the regional banking sector, while also seeing improved sentiment for big banks on optimism that a debt ceiling solution is forthcoming.
Asian currency markets held steady Tuesday supported by optimism around the dollar
Asian currency markets remained stable on Tuesday's trade, helped by the US dollar's strengthening safe-haven status as the policy stalemate in Washington over the US debt ceiling continues.
05/18 Market report
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
WCG Markets:2023-05-18
WCG Markets:2023-05-18
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Is it Possible to Double Your Forex Account in 1 Month? What are the Odds?
The pursuit of transforming a modest investment into a substantial sum attracts both seasoned traders and daring novices. Ultimately, the possibility to double your Forex account in a month exists. However, the path to double your Forex account in such a short timeframe is strewn with challenges, which is not a journey for the faint-hearted.
May 17, 2023-MHM European Perspective
On Wednesday (May 17), spot gold oscillated narrowly during the Asian session and is currently trading near $1989.46 per ounce. Speeches by Fed officials continue to dampen expectations of interest rate cuts during the year, with the dollar index and U.S. bond yields moving higher, weighing on gold prices; market fears of a U.S. debt default have also cooled, weakening gold's safe-haven buying demand. Overnight gold prices lost the 2000 mark important support, after the market bias to further do
May 17, 2023 - Fundamental Reminder
On Tuesday (May 16), as the U.S. debt ceiling negotiations impasse hit risk appetite, and the U.S. retail sales data in April turned positive, the dollar index approached a five-week high, rising as high as 102.77, and finally closed up 0.166% at 102.62. The EURUSD turned lower after rising above the 1.09 mark, and the GBPUSD fell about 0.5% and lost ground to 1.25.
The Future of Financial Advice: Artificial Intelligence VS Human Advisors?
Technology breakthroughs have continuously changed the way we manage investments today. One such revolutionary force that has taken the financial world by storm is the rise of artificial intelligence (AI). With its immense computational power and ability to analyze vast amounts of data, AI is reshaping the realm of financial advice, bringing investors an unprecedented level of precision, efficiency, and opportunity.
05/17 Market report
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
The US CPI will give direction to the Fed
The Consumer Price Index (CPI) is a broad measure of inflation within an economy in relation to the cost of goods and services. That figure can have a significant impact on the value of a currency in relation to the currencies of other nations.
FOREX TODAY: DOLLAR STRENGTHENS ON MIXED MARKETS, COMMODITIES UNDER PRESSURE
The U.S. dollar is demonstrating extraordinary strength against other global currencies this summer, touching highs against the euro, the Japanese yen and others, with broad effects globally and within the United States.
DAX 40 & DOW JONES: weekly analysis 8th – 12th May
The DAX 40, or DAX Index, is a German stock market index comprising the 40 biggest companies - by market capitalization and liquidity - trading on the Frankfurt Stock Exchange (FSE). The DAX 40 is considered a strong measure of German and European economic health. View the chart for real-time information on the DAX price, and follow the latest DAX news, analysis and forecasts.
China's Exports Continue Its Positive Trend, Imports Decline
China’s exports grew 8.5% in April in U.S. dollar terms, marking a second-straight month of growth, while imports fell 7.9% compared with a year ago.