USD/CAD Forecast: Will the Canadian Dollar Rise in 2023?
The USD/CAD is one of the most demanded currency pairs in international trading. In this article, we will examine the key factors affecting the pair’s exchange rate, analyse the dynamics of price changes in 2023, and explore the short-term and medium-term forecasts provided by experts.
S&P 500 bounces back amid rising US Treasury bond yields, strong US Dollar
Wall Street finished Monday’s session with solid gains, while the Greenback extended its gains to a new year-to-date (YTD) high; at the same time, US Treasury bond yields climbed.
AUDUSD justifies risk-barometer status despite US Dollar’s retreat
After witnessing mixed PMIs from major economies and a hawkish Fed halt, not to forget the ECB’s dovish hike, traders appear mostly cautious on early Monday.
WCG Markets:2023-09-26
WCG Markets:2023-09-26
09/25 Market report
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
MHMarkets：The US dollar is trading sideways, gold is attracted by key positions, and US crude oil is consolidating at high levels!
On Friday (September 22), spot gold closed at $1,925.21, which was up $1.57 or 0.08% on a weekly basis, hitting a high of $1,929.10 per ounce and a low of $1,919.10 per ounce.
MHMarkets：September 25, 2023--Fundamental Reminder
On Friday, the dollar index continued to brush a half-year high, but fell briefly after the PMI data was released. It quickly recovered all those losses to close up 0.19% at 105.58 and record its 10th weekly gain in a row, another nine-year record. The yield on the 10-year Treasury note retreated from its peak, rising above 4.5% for the first time since 2007 before closing at 4.438%.
USD/JPY Dips But Holds Key Uptrend Support
The Japanese Yen witnessed a bullish trend as the US Dollar surged above the pivotal level of 147.00. Moreover, USD/JPY successfully extended its rally above the 148.00 mark, marking a new multi-week peak at 148.45.
Target Shares Under Pressure
Target shares closed towards the lower end of the S&P 500 on Friday, with a decline of 4%. Investors showed concern over the potential extended duration of higher interest rates and the lower-than-anticipated initial jobless claims data. The entire consumer sector experienced a downturn as investors are apprehensive about an impending recession, which could adversely affect consumer spending.
Major Forex Currency Pairs: Understanding Their Features and Behavior
Having a thorough grasp of the primary currency pairs is essential for individuals involved in Forex trading and investment. These pairs hold significant importance as they comprise the most influential economies globally and have the most substantial impact on market activities.
How Much Lower Can EUR/USD, GBP/USD Go in Light of Powell's Hawkish Remarks?
According to recent trends, the US dollar index seems set to continue its impressive run, marking the 10th consecutive week of success and upholding its strong prospects. This positive momentum is reinforced by the unwavering hawkish approach adopted by the Federal Reserve, as evidenced by their choice to maintain interest rates unchanged this month.
Alarming Signals from Wall Street: How the Fed's Decision Tanked Stocks and Boosted Bond Growth?
The recent occurrences on Wall Street have sparked significant concerns among investors. On the eventful Thursday, the market underwent an intense rollercoaster ride as investors promptly divested their stocks.
WCG Markets:2023-09-25
WCG Markets:2023-09-25
A number of high impact data will determine the next value of gold and the US dollar
The Federal Reserve has expressed its stance that the war on inflation is far from over, signaling that the US central bank's monetary policy is expected to stay restrictive for a longer duration than previously anticipated. Such a policy has the capacity to elevate credit expenses, potentially exerting a slowdown on the economy.
09/22 Market report
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
Yen Depreciation Persists - Overview for September 7, 2023
USD/JPY Continues to Reach 10-Month Highs.
GBP/USD threatens the 200-day SMA amid dovish bets on the BoE
Last Thursday, the GBP/USD initiated a downward course, seemingly heading back toward the 200-day Simple Moving Average (SMA) at 1.2420. This movement is attributed to the unyielding strength of the USD and falling British yields.
Nasdaq Index Plummets Amidst Rising Oil Prices: A Fed Interest Rate Dilemma
In an unstable market environment, the Nasdaq index experienced a severe devaluation, highlighting the correlation between the Federal Reserve's interest rate policies and escalating oil prices.
MHMarkets：The US dollar breaks through strong pressure, silver rises sharply, and US crude oil fluctuates at high levels! Market Overview
On Thursday (September 21), the Fed indicated on Wednesday that it could raise interest rates one more time later this year, which pushed the dollar and U.S. bond yields higher, and its impact is already being felt in global markets.
MHMarkets ：September 22, 2023--Fundamental Reminder
On Thursday, the dollar index retreated slightly but was still near a six-month high of 105.74 before giving up all its gains and turning negative to end down 0.06% at 105.38.