09/08 Market report
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
USDJPY tracks yields to retreat from yearly top as Japan intervention, BoJ loom
Sentiment remains dicey on early Wednesday as traders consolidate the previous day’s losses amid mixed catalysts. Also adding filter to the trading moves could be fears of market intervention by Japan and China, as well as cautious mood ahead of the top-tier data in the Eurozone, and US, not to forget the Bank of Canada (BoC) monetary policy meeting decision.
Gold Price Starts Downside Correction, $1,915 Is The Key
The value of Gold encountered opposition approaching the $1,950 area compared to the US Dollar. Its valuation reached a high close to $1,952 before embarking on a downward adjustment recently.
ECB keeps intrigue on monetary policy
Members from the European Central Bank have issued a cautionary statement to investors. Those anticipating that the bank won't increase the interest rate the following week should be aware that this matter isn't settled yet, and there's still the possibility that the rate may raise.
MHMarkets：The U.S. dollar retreated slightly, non-U.S. currencies and precious metals began to rebound, and U.S. crude oil consolidated in a relatively high range!
On Friday (September 8), spot gold rebounded slightly during the Asian session, and is currently trading near $1925.29 per ounce. Although overnight data showed that the number of U.S. initial jobless claims last week unexpectedly fell to the lowest level since February, the number of renewed jobless claims fell to the lowest level since July, and the U.S. dollar index once refreshed nearly six months of highs to 105.16, the dollar index has now retracted all of Thursday's gains. Because the Fed
MHMarkets：September 08, 2023 - Fundamental Reminder
After Wednesday's ISM non-manufacturing index showed the services sector remained strong, Thursday's initial jobless claims hit a half-year low and showed the labor market remained resilient, again reinforcing market expectations of Fed tightening. The dollar index stood above the 105 mark and closed up 0.19% at 105.07.
The US dollar index rose for the third consecutive day in the forex market May become the strongest weekly performance trend in over a decade
The US dollar index rose for the third consecutive day in the forex market May become the strongest weekly performance trend in over a decade
Market Insights for September 8, 2023: Stock, Forex, and Commodity Analysis
Daily Market Updates and Currency Trading Strategies
09/07 Market report
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
MHMarkets：The U.S. dollar stands above strong pressure, non-U.S. currencies and precious metals continue to be weak, and U.S. crude oil continues to be strong!
On Wednesday (September 6), buoyed by strong U.S. economic data, gold came under renewed downward pressure.
MHMarkets ：September 07, 2023 - Fundamental Reminder
A series of stronger-than-expected data on Wednesday suggested U.S. consumer demand and the broader economy remain strong, but inflation could remain elevated for a long time and Boston Fed President Christopher Collins said further tightening could be warranted. Once the dollar index rose to 105.3,
Market Wrap: Stocks, Bonds, and Commodities - September 7, 2023
A Recap of Financial Markets, Exchange Rates, and Key Developments
外汇,英镑,美元,欧元,原油,黄金,白银,美股, XAU/USD,AUD/USD,EUR/USD,XAG/USD,GBP/USD,NZD/USD, USD/CHF, USD/CAD, USD/JPY
We are glad to announce that the US stock 'JNJ' (Johnson & Johnson) has finalized the separation of Kenvue and will reopen for trading starting today.
STARTRADER’s Seminar in India Explores the Fundamentals of CFD Trading & Innovative Investment Strategies!
In a time of ongoing global financial market fluctuations, investors and traders encounter a multitude of challenges and opportunities. Recognizing this landscape, STARTRADER, one of the international and fastest-growing brokers, hosted a seminar titled 'Mastering CFD Trading Fundamentals & Exploring Innovative Investment Avenues' in Nainital, India, on May 26, 2023.
US service industry data is stronger than expected, reinforcing speculation that the Federal Reserve will maintain higher interest rates for a longer period of time
US service industry data is stronger than expected, reinforcing speculation that the Federal Reserve will maintain higher interest rates for a longer period of time
WCG Markets:2023-09-07
WCG Markets:2023-09-07
09/06 Market report
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
MHMarkets：The US dollar started to weaken, non US currency and precious metals stopped falling, and US crude oil dropped from high!
On Tuesday (September 5), the Fed Governor Waller said, in view of the recent data show that inflation continues to slow, policymakers have room to burden "cautiously advance" interest rate hike action. Waller's speech made gold prices dropped from high.
MHMarkets：September 06, 2023 - Fundamental Reminder
On Tuesday, Fed officials were hawkish again, with Waller warning markets not to rush to the conclusion that the Fed is done raising rates. The dollar index rose on news, briefly pushing the 105 mark, before closing up 0.64% at 104.81.
Investors bet that maintaining resilience in the US economy means interest rates need to remain high On Tuesday, the US dollar index rose to a high in over five and a half months
Investors bet that maintaining resilience in the US economy means interest rates need to remain high On Tuesday, the US dollar index rose to a high in over five and a half months