The Global Dominance of the US Dollar (USD)
The US Dollar (USD), often referred to as the “greenback” due to the distinctive green ink used on earlier US paper money, holds a paramount position in international trade and finance.
Release of a Number of Key US Economic Data in the Midst of the Israel - Hamas Conflict Which Contro
Gold prices hovered near the key $2,000 psychological level on Monday, supported by safe-haven demand amid Middle East conflicts, while market players looked forward to the US Federal Reserve's policy meeting this week.
11/01 Market report
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
MHMarkets：The Fed will release its latest interest rate resolution at 02:00 on Thursday morning, and the market is currently widely expecting the Fed to maintain interest rates unchanged.
On Wednesday (November 1), during the end of the Asian market, data released by the US Bureau of Labor Statistics on Tuesday showed that the labor cost index, a broad measure of wages and benefits, increased by 1.1% between July and September, higher than the 1% increase in the second quarter and also higher than economists' forecast of a 1% increase.
MHMarkets：November 01, 2023--Fundamental Reminder
MHMarkets Precious Metal Crude oil Foreign Exchange Fundamentals Overview Techinical Level CPI GDP International Gold Spot Silver US Crude Oil EURUSD GBPUSD AUDUSD USD/JPY
5 Qualities of the Best Forex Brokers - Forex4you
Discover the top qualities of the best forex brokers with Forex4you. Explore key factors that set reliable brokers apart in the world of trading
WCG Markets:2023-11-01
WCG Markets:2023-11-01
Market Closure in November
Please be advised that the following instruments' trading hours and market session times will be affected by the upcoming November holidays.
10/31 Market report
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
MHMarkets：Goldman Sachs stated that it is unlikely that the US government will close before the end of this year, but could happen early next year.
On Wednesday (October 31), during the late trading session of the Asian market, Goldman Sachs predicted in an analysis report released on Monday that considering that US lawmakers may choose short-term financing bills again, the likelihood of the government shutting down before the end of this year is unlikely, but there is still a possibility of a shutdown early next year.
The situation in the Middle East is getting better, and crude oil fell by 3% to a new low in nearly three weeks Gold futures hold the $2,000 level and await trial by the Federal Reserve's resolution
The situation in the Middle East is getting better, and crude oil fell by 3% to a new low in nearly three weeks Gold futures hold the $2,000 level and await trial by the Federal Reserve's resolution
WCG Markets:2023-10-31
WCG Markets:2023-10-31
USD overcomes obstacles amid expectations of soft landing for US economy
The US currency confidently started the week, gaining ground and surpassing the euro. The stability of the dollar, which is carefully overcoming obstacles, is supported by expectations of a soft landing for the US economy.
TRW DAILY FUNDAMENTAL AND TECHNICAL ANALYSIS OF THE NIGERIAN STOCK MARKET
The NGXASI once again experienced a modest gain of 0.33% as it closed at 67,136.58 points, rising from its previous close of 66,915.41. From a technical perspective, the market has been in a consolidation mode for 8 weeks now. Whether it will break out or turn out to be a false indication will be determined by the MACD Histogram on a weekly timeframe, which currently shows a negative reading. Despite this, the support levels from October last year until now remain intact, particularly around the 30-week moving average. It is worth noting that the 30-week moving average often acts as a support level during sustained upward trends.
EUR/USD At Risk of Fresh Decline, Gold Breaks $2K
The Euro started a fresh decline from the 1.0695 zone against the US Dollar. EUR/USD traded below the 1.0620 support to enter a bearish zone.
Copy Trading: beginner’s entry-point into Forex and CFD
In essence, Copy Trading entails duplicating the actions of successful traders. By leveraging the expertise of others, particularly for novice traders, this approach provides a sense of security and enables confident trading. Copy trading expedites market participation by mirroring trades in real-time made by top traders.
8 essential skills of master forex traders - Forex4you
Mastering forex trading requires a unique set of skills, from analytical thinking to emotional discipline. Traders must navigate the market's challenges with patience and self-confidence.
Changes to trading hours Oct. 29 – Nov. 5, 2023
Please be advised that there will be alterations to the trading hours of select CFD markets during the period of Oct. 29 – Nov. 5, 2023, owing to the transition from Daylight Saving Time (DST) to standard time in Europe.
BOJ Preview: Three Scenarios and Implications for USD/JPY – TDS
The Bank of Japan (BOJ) Interest Rate Decision and its impact on the USD/JPY pair are deliberated by economists at TD Securities.
Oil market jitters
Last Thursday, there was a slight inclination observed in oil prices; however, this upward momentum was suddenly halted, resulting in a relinquishment of any progress made. Consequently, the current levels of oil prices are lower compared to the figures stated in our previous report. This report strives to elucidate the influential factors behind the price fluctuations of WTI (Oil) in the previous week, evaluate its future prospects, and culminate with a technical analysis of WTI.