WCG Markets:2023-10-30
WCG Markets:2023-10-30
10/27 Market report
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
MHMarkets：The US dollar index accelerated its decline during the Asian market, and the Bank of Japan intervened in the market.
On Friday (October 27), the US dollar index experienced intraday fluctuations yesterday. Today, the Asian market opened with a decline and fell below yesterday's low.
MHMarkets：October 27, 2023--Fundamental Reminder
The dollar index flirted with the 107 mark on Thursday, but retreated in U.S. trading to end up 0.07% at 106.62. U.S. Treasury yields rose and then fell, with the 10-year yield falling below the 4.9% mark to close at 4.849%. The yield on the two-year Treasury note fell back near 5% to last close at 5.046%.
WCG Markets:2023-10-27
WCG Markets:2023-10-27
10/26 Market report
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
USD/CHF extends gains as the USD holds firm
During Wednesday's trading session, the USD/CHF witnessed a consecutive two-day increase, surging towards the 0.8960 mark. Boosted by positive Housing Market data and higher US yields, the US dollar experienced increased demand. Conversely, the Swiss franc appears to be losing strength due to underwhelming expectations data from Switzerland.
GBPUSD analysis for 25.10.2023
The GBPUSD chart indicates positive upward momentum as it shows a recent rebound from the lower Bollinger Band and is now moving towards the upper band. These observations suggest a possible bullish trend in the price movement.
Bitcoin to reach $45,000? Bitcoin ETF anticipation growing
Yesterday, Bitcoin exhibited robust momentum, demonstrating a noteworthy surge of more than 10% and coming close to achieving a gain of 15% within the span of a day.
MHMarkets：The US dollar index accelerated its decline during the Asian market, and the Bank of Japan intervened in the market.
On Thursday (October 26), the US dollar index continued yesterday's US market rally in the Asian market, with a rebound of 106.84 above and support for 106.76 below.
MHMarkets：October 26, 2023--Fundamental Reminder
On Wednesday, the dollar index fluctuated to the upside above 106 before closing up 0.27% at 106.57. Treasury yields rebounded, with the 10-year yield back above 4.9% and at last close at 4.961%. The yield on the two-year Treasury note fell and then rose to close at 5.125%.
10/25 Market report
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
MHMarkets：The dollar index accelerated its fall in Asia market and the BOJ intervened in the market
On Wednesday (October 25), the dollar index rose sharply yesterday, as high as 106.36 line blocked, today's Asian dollar index fell slightly, below 106.18 support, the current price is at 106.26 line; Gold today the Asian market first rose to 1976 near the block, then the price fell to the Asian market opening price 1970.25, the gold price at 1975.03 line
MHMarkets：October 25, 2023--Fundamental Reminder
The dollar index fell and then rose on Tuesday, hitting an intraday low of 105.36, before strongly recovering all its losses and regaining the 106 mark to end up 0.61% at 106.24. U.S. Treasury yields rose and then fell, with the 10-year yield barely holding at 4.8% before closing at 4.819%.
PMI of the United States hit a 6-month high in October, and the US dollar achieved a one-day reversal Three major stock indices rebounded across the board
PMI of the United States hit a 6-month high in October, and the US dollar achieved a one-day reversal Three major stock indices rebounded across the board
Stocks Pick of The Week - Tech Giants' Earnings Season Looms, A Portfolio Shift from FX to Stocks
The investing landscape is gearing up for an eventful week as earnings season unfolds, with a striking 30% of S&P 500 companies poised to unveil their financial results.
Gold prices mixed as yield rally cools, US data barrage in focus
Gold prices traded in a mixed range on Tuesday, retaining most recent gains as traders watched for any more developments in the Israel-Hamas war, while focus also turned to a string of key U.S. economic readings due this week.
DAX 40 & DOW JONES: weekly analysis 23rd – 27th October
This week major US stock indexes experienced a significant decline, following Federal Reserve Chairman Jerome Powell’s speech regarding sticky inflation and the likelihood of an unchanged interest rate at the November meeting.
USD/NOK reversed its course from multi-month highs clearing daily gains
In Thursday’s session, the USD/NOK initially rose to multi-months highs at 11.083 and then closed below 11.000 with 0.45% daily losses. On the one hand, the USD weakened against its rivals as investors sensed a dovish stance of Jerome Powell during his speech at the Economic Club of New York.
Pound skating on thin ice. Forecast as of 19.10.2023
The caution of the Bank of England, stagflation in the UK, and the crisis in the Middle East are pressing the pound down. Following a short correction up, the GBPUSD resumed falling and will hardly turn up in the near future. Let us discuss the Forex outlook and make up a trading plan.