On Tuesday, under the influence of more stubborn inflation than expected, spot gold fluctuated significantly in the US market. After the short-term bottom, it jumped more than $20, and once touched the 1870 level, but then fell again, and once fell below the 1850 level, and finally closed up 0.04% to 1854.36/ounce; Spot silver once stood at the $22 level, but failed to stand here, and finally closed down 0.62% at $21.85/ounce.
USD/CAD gains some positive traction on Tuesday, though lacks bullish conviction. The USD/CAD pair attracts some buyers near the 1.3330 area on Tuesday and sticks to its modest intraday gains through the early part of the European session. The pair is currently placed near the daily top, around mid-1.3300s and for now, seems to have snapped a two-day losing streak to over a one-week low touched on Monday.
The exchange rate of dollar (USD) to Chilean peso (CLP) increased steeply in recent days, as a consequence of the strong dollar.
It is the intelligence created by nature, natural evolutionary mechanisms, as biological intelligence embodied as the brain, animal and human and any hypothetical alien intelligence.
The week ended in the red on European and US markets, with fears of continued monetary tightening by the Fed spooking investors. These days saw many more quarterly reports, which caused some fluctuations in the major indices.
The best chance of outlasting a bear market is by investing in quality businesses at attractive valuations. Stocks started this year on a positive note in hopes that cooling inflation may allow the Fed to take it easier on rates. However, markets still face a lot of headwinds like rising interest rates and an impending recession. This article would explore 5 stocks you should add to your watchlist now.
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
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On February 11, 2023, MHMarkets kicked off the 2023 National Tour Summit, with its first stop in Urumqi, Xinjiang. Everyone released their dusty passions after the epidemic and signed up to enjoy this long-awaited trading feast.
On Tuesday, February 14, the spot gold rose slightly in the Asian period. The current trading price is US $1858.96/ounce. The US dollar index and US bond yield continued the overnight decline, providing support for the gold price. However, the overall market trading is still cautious before the US January CPI data is released in the evening.
One thing that every trader needs to be aware of is the element of market uncertainty. No matter how you have prepared the system, there is still the possibility of loss because conditions do not match expectations.
On Monday, the spot gold reached the daily high of 1866.43 US dollars before the European market and took back all its gains, and fell to the low of 1850 US dollars at one time, and finally closed down 0.65% at 1853.57 US dollars/ounce; Spot silver still fluctuated in a narrow range around the US $22 threshold, and ended down 0.1% at US $21.99/ounce.
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
The Elliott Wave theory is a form of technical analysis that looks for recurrent long-term price patterns related to persistent changes in investor sentiment and psychology. The theory identifies impulse waves that set up a pattern and corrective waves that oppose the larger trend.
The annual inflation rate for the United States is 6.5% for the 12 months ended December 2022 after rising 7.1% previously, according to U.S. Labor Department data published Jan. 12. The next inflation update is scheduled for release on Feb. 14, 2023, at 8:30 a.m.
For one reason or another, there is always a fear lurking among gold investors that governments, in the future, will confiscate gold. This persists even though the risk of gold confiscation is so miniscule that it isn’t worth paying much attention to. Potential foreign exchange controls and the confiscation of savings are of much greater importance.
Traders are looking forward to the release of the January Labour Force Survey (LFS) in the hopes that it will provide some short-term direction for the currency. That may just be wishful thinking.
Continuing the efforts in providing transparency on user funds, Binance is excited to introduce zk-SNARKs, a zero-knowledge verification method that keeps sensitive information private and more secure, to its Proof of Reserves (PoR) Verification System.
There are many kinds of orders in forex trading. One of the orders is an open position. It must consider before trading.
The week ahead: 5 things to watch.