Mohicans markets：October 28- MHM European Perspective
On Friday, October 28, Beijing time, spot gold shock slightly down in early trading of Asian market, and is currently trading near $ 1660 per ounce; investors generally wait for the performance of the evening U.S. PCE data for September, the market is expected to maintain the U.S. core annual rate of PCE will rise to 5.2%, which is expected to further give the Federal Reserve next week to raise interest rates by 75 basis points to provide data support, put gold prices under pressure.
Mohicans markets：MHM Today’s News
On Thursday, October 27, the U.S. dollar index returned above the 110 mark, which closed up 0.811% at 110.59; the euro fell more than 1% against the dollar to lose parity, the pound fell 0.6% against the dollar to lose 1.16, and the dollar fell against the yen toward the 146 mark.
How to read forex trading charts
Charts are the main tools for technical analysis. Charts are using to plot a sequence of prices and price movements of an asset on certain of duration. It is just a graphical way of showing how the stock prices have performed. Chart has an x-axis called horizontal axis and a y-axis called vertical axis. Generally y-axis represents the price and the x-axis represents the time. A chart always represents the history of the volume of trading in an asset.
Forex traders must know about Forex Signals
A forex signal is an indicator that derived from a factor or combination of factors by suggesting an optimal time to buy or sell a currency pair. However, forex traders with a technical analysis background are commonly use a number of forex signals in their forex trading. Signal trading is that you get rid of intuitive feeling trading, which might get you in trouble if you make a bad market call this is the main advantage of forex signals.
Learn step-by-step how to Trade Forex
Learn step-by-step how to Trade Forex
Important! Forex Trading Risk Management For Business People
Management is important for forex business. It is part of the ways to Success and gets profit easily. So, traders should know it deeply. Even more this business is full of risks.
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Mohicans markets ：October 27- MHM European Perspective
On Thursday, October 27, Beijing time, spot gold shock slightly up in early trading of Asian market and is currently trading near $1,666 per ounce; market expectations for the Federal Reserve to raise interest rates in December 75 basis points cooled, the dollar and U.S. bond yields fell sharply overnight; the dollar index extended weakness on Thursday, once hit a nearly five-week low to 109.54, continue to provide support for gold prices.
Mohicans markets：October 27--MHM Today’s News
On Wednesday, October 26, the dollar index fell below the 110 mark for the first time since Sept. 20, closing down 1.073% at 109.7. Non-U.S. currencies rebounded sharply, with the euro regaining parity against the dollar for the first time since Sept. 20.
10/27 Market report
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
WIKIFX REPORT: Silver Price Forecast – Silver Markets Recover After Initial Drop
During Tuesday's trading session, silver markets initially declined, but they have since recovered and begun to show signs of life.
WIKIFX REPORT: ADA Price Prediction: Bulls Target $0.450 after Return to $0.400
ADA was one of the leading cryptocurrencies during the bullish Tuesday session. For the first time since September, $0.50 becomes relevant due to a change in mood.
WIKIFX REPORT: Natural Gas Rebounds Towards $5.50
In an effort to settle below $3.40, copper tried. The $1660 level of resistance was approached by gold.
Mohicans markets：October 26- MHM European Perspective
On Wednesday, October 26, Beijing time, spot gold shock slightly up in early trading of Asian market, and is currently trading near $ 1658 per ounce; more signs of economic weakness in the United States fueled speculation about the Fed's hawkish tendency to moderate, the market on the Fed's December rate hike of 75 basis points is expected to cool.
Mohicans markets ：MHM Today’s News
On Tuesday, October 25, the dollar index fell below the 111 round figure mark for the first time since October 6; it closed down 0.991% at 110.89, which was a new three-week low. The British pound rose 2% against the dollar at one point and pushed up to the 1.15 handle. The euro rose 1% against the dollar at one point and pushed up to parity for the first time since October 5. The dollar fell below 148 against the yen during the day.
WIKIFX REPORT: EUR/USD and GBP/USD cling to gains while USD/JPY remains near ¥149.00
For now EUR/USD and GBP/USD are holding up against the dollar, while the yen is being given support by Japan’s intervention in FX markets.
WIKIFX REPORT: HSBC shares drop after third quarter profit release
Despite improved earnings from interest-bearing business, the London-listed stock opened down around 5%. A worsening credit environment dragged on the stock, taking it down close to an area of key support.
WIKIFX REPORT: FTSE, DAX and Dow gain ground, but bears wait in the wings
The FTSE, DAX, and Dow continue to gain ground, but bears look likely to return before long.
Mohicans markets：European Perspective
On Tuesday, October 25, during the Asian session, spot gold narrowly oscillated, and is currently trading near $ 1648 per ounce; the market reduced expectations for the Federal Reserve to raise interest rates in December by 75 basis points, U.S. bond yields fell slightly, providing support to gold prices.
Mohicans markets：MHM Today’s News
On Monday, October 24, the dollar index fell sharply below 112 in Asian trading, then pulled back up to 112.55; the trend in a day was oscillating, eventually closing up 0.125%, narrowly missing 112.