Mohicans markets：MHM European Market
On Wednesday, February 22, the spot gold fluctuated in a narrow range in Asian time, and is currently trading at around $1836 per ounce. The market generally waited for the minutes of the Federal Reserve meeting released in the early hours of Thursday Beijing time, and the wait-and-see mood was strong. The US comprehensive PMI released on Tuesday unexpectedly rose to an eight-month high, and the US dollar remained near its six-week high.
Mohicans markets：MHM Today News
On Tuesday, strong economic data triggered traders' expectations of the Fed's hawkish interest rate increase. Spot gold took back most of the day's gains and failed to stand above $1840, and finally closed down 0.37% at $1835.34 per ounce. Spot silver closed up 0.12% at $21.85 per ounce.
02/22 Market report
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
WCG Markets:2023-02-22
WCG Markets:2023-02-22
Who are the Forex Market Participants in this Trading?
Traders must know about it because it is useful for you to know the price of forex movement and what factors influence forex trading.
Mohicans markets：MHM European Market
On Tuesday, February 21, the spot gold fell slightly in the Asian session, and the current trading price is around $1838.20 per ounce. Although there were bargain-hunting and safe-haven buying to support the gold price, the market was worried that the Federal Reserve would raise interest rates to a higher terminal interest rate. The relatively strong dollar kept the gold price under pressure.
Mohicans markets：MHM Today News
On Monday, spot gold maintained a narrow range during the day, rising as high as $1,847.39 before finally closing down 0.05% at $1,841.34 per ounce. Spot silver closed up 0.43% at $21.82 per ounce.
02/21 Market report
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
Oil Outlook 2023: What's Next for Oil Prices?
As geopolitical tensions remain intact and uncertainty regarding world demand, the oil outlook 2023 remains a major concern for the global economy. Albeit known for its constant volatility, oil and energy markets in general had a wild ride in 2022 that may linger in 2023.
Trading vs Gambling: How can you be a Trader and not a Gambler?
Trading in the financial markets can both be captivating and a stimulating experience, which can potentially lead to gambling behaviors. While both ‘Trading vs Gambling’ entails taking risks to make a profit, both activities are fundamentally different in nature. Whether you are a novice investor or a seasoned pro, knowing the difference between the two is vital to long-term success in the world of finance. Let's explore the nuances of each practice and see how they differ!
WCG Markets:2023-02-21
WCG Markets:2023-02-21
Forex News Trading Strategy: The Ultimate Guide
Do you find yourself struggling to make sense of the forex market’s crazy twists and turns? Well, fear not, NEWS TRADING might just be the answer to your trading woes. The addition of economic announcements to technical and charting analysis can be extremely beneficial for traders and strengthen their trading strategies. Because, in the world of forex, things can change faster than a chameleon on a rainbow. So, grab your reading glasses and a cup of coffee, it’s news trading time!
TRADER IS PROHIBITED TO COMPARE YOURSELF WITH OTHER TRADER, WHY?
Trading on your own is the best way to experience your success and failure. Although most traders are ultra-competitive by nature, comparing yourself to other traders is not in your best interest. In the world of work, newcomers are bound to be compared to old people.
4 TIPS TO SURVIVE THE MARKET CRASH
A stock market crash is usually defined by a drop of at least 10% on a stock exchange or major stock index within a single trading day. This usually starts within a particular sector or industry but can expand to the wider stock market, depending on the situation.
GEMFOREX - weekly analysis
The week ahead: 5 things to watch.
Recognize MACD Strategy in Forex for Beginners to Get Profit
Forex trading is very unique. It is because traders must use an indicator to analyze forex movement. That is why this business has a lot of indicators.
Mohicans markets：MHM European Market
On Monday, February 20, the spot gold rose in the Asian period, and the current trading price is around 1843.82. Bargain buying and hedging buying triggered by the geopolitical situation provide some support for the gold price. However, after a series of strong economic data and hawkish speeches by several Fed officials, the expectation of higher terminal interest rate of the Federal Reserve and the relatively strong US dollar made the gold price still face further downside risks in the future.
Mohicans markets ：MHM Today News
Last Friday, spot gold once fell below the $1820 mark before the U.S. session. But because of Balkin's "dovish" remarks, it surged $15 in the U.S. session, back above the $1840 mark, and finally closed up 0.33% at $1842.32 per ounce. Spot silver closed up 0.71% at $21.72 per ounce.
02/20 Market report
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
Products’ Trading Session during US Presidents' Day Notice
To all readers, whether you’re using DCFX for trading or not, kindly know about the Trading session update released by the broker to inform their client.