US stocks see mild gains, Yen surges, dollar dumps after BoJ surprise
The yen jumped to a four-month high against the U.S. dollar, on pace for its biggest one-day rise in 24 years, on Tuesday after the Bank of Japan stunned markets with a surprise tweak to its bond yield control program. US Dow futures were down over 250 points in the pre-market but after an impressive come back the Dow eked out a 92 point gain (+0.28%).
Upcoming Changes to Trading Hours
As part of their service and efforts to ensure each and individual trader is enjoying and benefiting from their trades, puprime is Please to advise the general about the upcoming Changes to the trading Hours on the following instruments’, and both trading hours and market session times will be affected by the upcoming New Year holidays.
Pound celebrates an early victory. Forecast as of 22.12.2022
Pound is the name for a unit of currency. It is used in some countries today and previously was used in many others. Forex traders have been long focused on the divergence in monetary policy. Due to the gap between interest rates of central banks, the US dollar was rising in 2022. There will be new trends in 2023. Let us discuss the Forex outlook and make up trading plans for the EURGBP and GBPJPY.
Knowing the Best Forex Trading Platform and Its Criteria
In the era modern, forex trading is presented online, so it should be supported by a platform traders want to run, must know the best forex trading platform.
Canada: Inflation Tiptoes in the Right Direction in November
Canada’s inflation rate decelerated in November but key gauges of underlying price pressures trended higher, potentially dashing hopes for a pause in interest-rate increases.
Top 6 FinTech Trends Shaking Up Modern Financial Transactions
It is a widely held belief that a nation’s financial sector is the heart and soul of its economic health. Hence, it is no wonder that so much attention is paid to the advent of new financial technologies, aka FinTech. Currently, FinTech trends dominate almost all aspects of banking, trading, and global finance. With the introduction of real-time payments, open banking, and blockchain technology, financial management has changed significantly, and many new advances are more likely to follow.
12/26 Market report
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
Recognize Indonesia Forex Trading to Get New Chance
Indonesia is a developing country that has a lot of chances to build a business, one of the businesses is Indonesia forex trading.
Mohicans markets：December 23 - MHM European Perspective
On Friday, December 23, Beijing time, during the Asian and European session, spot gold shocks slightly up and is currently trading near $ 1795.52 per ounce. After the overnight gold price plunge, the market has some oversold rebound adjustment demand. But the market wait-and-see mood is thicker, on the one hand, to wait for the U.S. November PCE data and durable goods orders data out in the evening, on the other hand, is the upcoming Christmas holiday.
Mohicans markets：MHM Today’s News
On Thursday, December 22, U.S. economic data made the Fed tightening worries swept the market again, the dollar index turned up, regaining 104, up to 104.62, and finally closed up 0.15% at 104.38. Meanwhile, U.S. bond yields jumped intraday, the 2-year U.S. bond yield sensitive to the interest rate outlook was once 8 basis points higher than the intra-day low, the highest breakthrough 4.28%. Ten-year U.S. bond yields broke through 3.69%.
WCG Markets:2022-12-23
WCG Markets:2022-12-23
Let's Know Forex Currency Correlation to Get High Profit
As the most liquid business in the world, forex has some currency that correlates with other commodities, so traders should know about forex currency correlation. So, traders know how much the value of a currency is.
Mohicans markets：December 22 - MHM European Perspective
On Thursday, December 22, Beijing time, during the Asian and European trading sessions, spot gold narrowly oscillated and is currently trading near $ 1814 per ounce. Market participants are waiting for further guidance from economic data. This trading day will release the change in U.S. initial jobless claims and U.S. final value of GDP in the third quarter. U.S. PCE data for November will be released on Friday.
Leverage and Spread Calculator to Make the Right Decisions
Generally, we know calculators and how to use them but the calculator in this business is different. The forex business has some calculators and functions.
Mohicans markets：MHM Today’s News
On Wednesday, December 22, the dollar index stopped its two-game losing streak and regained the 104 barrier, closing up 0.25% at 104.23. The dollar regained the 132 barrier against the yen, the pound lost 1.21 against the dollar, and the euro fell slightly against the dollar but remained steady above 1.06.
12/22 Market report
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
WCG Markets:2022-12-22
WCG Markets:2022-12-22
China’s Xi calls for oil trade in yuan at Gulf summit in Riyadh
Chinese President Xi Jinping on Friday called on leaders from the top oil producing nations to conduct oil sales by using the Chinese yuan as he looks to bolster his country’s currency.
CBDCs Failing in Nigeria
Almost two years after Nigeria became the first country to roll out a central bank digital currency (CBDC), new data shows the adoption rate among residents is dismally low. Irrespective of an estimated 35% of the adult Nigerian population owning Bitcoin or cryptocurrencies, the adoption of the local CBDC has been a massive failure with Bloomberg reporting only 1 in 200 Nigerians using the “eNaira” (0.5% of the population).
Authorities in South Korea Approved to Freeze More Assets Associated With Terra tokens
A South Korean court has approved local prosecutors’ request to freeze assets of more than 120 billion Korean won (US$93.3 million) belonging to seven former associates of Terraform Labs Pte. Ltd., according to local media reports, and are still investigating Terra’s collapse.