AUD/USD Forecast: Aussie loses strength after being rejected from above 0.6500
The AUD/USD reached two-week highs on Wednesday, boosted by a weaker US Dollar, but then pulled back, erasing all gains after failing to hold above 0.6500. The short-term bias is still to the upside but is losing momentum.
USD/CHF loses the 20-day SMA after weak labour market figures from the US
On Tuesday, the USD experienced a downturn triggered by disappointing US labor market statistics.
US stocks rally in a quiet session, Yields and USD are down, and AUD holds major support.
US indices ended in positive territory, successfully maintaining their gains propelled by the upward momentum from the Asian session. The larger Asian market experienced a widespread surge, largely driven by Chinese stocks buoyed by the authorities' actions to stimulate their domestic market by reducing stamp duty on stock transactions.
Gold to forget about bad times? Forecast as of 29.08.2023
The gold response to the important economic events should have resulted in price growth amid the expectations for the cooling of the US economy and the end of the Fed’s monetary tightening cycle. However, the eventual result will depend on the actual data. Let's talk about this topic and draw up a trading plan.
U.S. SEC Charges Firm for Offering Crypto Asset Securities as NFTs
On August 28, the U.S. Securities and Exchange Commission (SEC) published a press release noting that it has charged Impact Theory LLC with carrying out an unregistered provision of crypto asset securities as purported non-fungible tokens (NFTs).
Wednesday's new economic data showed a cooling of the US economy, strengthening expectations that the Federal Reserve will suspend interest rate hikes in September.
Wednesday's new economic data showed a cooling of the US economy, strengthening expectations that the Federal Reserve will suspend interest rate hikes in September.
WCG Markets:2023-08-31
WCG Markets:2023-08-31
Crude Prices Flat as Possible Rate Hikes Fuel Demand Worries
On Monday crude oil prices were flat, pressured by concerns that more U.S. interest rate increases may dent demand.
08/30 Market report
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
MHMarkets：The US dollar is accelerating its decline, non-US currencies and precious metals continue to strengthen, and US crude oil is breaking the upper limit!
On Wednesday (August 30), spot gold fluctuated in a narrow range during the Asian session, and is currently trading at $1936.12 per ounce. The performance of US job openings data released overnight was weaker than market expectations.
Master Candlestick Charts like a Pro
Candlestick charts have been used for centuries, originally developed in Japan to analyze the price movements of rice contracts. Today, they remain one of the most widely used tools for technical analysis in various financial markets.
MHMarkets：August 30, 2023 - Fundamental Reminder
A series of economic data about the United States announced on Tuesday night are not as good as expected. The dollar index took a dive, closing down 0.45 % at 103.48, as bets increased that the Fed would pause in September and that the odds of a resumption in November would decline.
Week Ahead: US data could alter Fed rate hike odds
Traders are expected to keep analyzing Fed Chair Powell's major speech from last Friday at the Jackson Hole central bank assembly as the week begins.
Outcomes of Jackson Hole & BRICS Great for Aussie Gold
The eagerly awaited global central bank meeting at Jackson Hole concluded without any major revelations. The US Federal Reserve maintained a cautious 'higher for longer' narrative, albeit less aggressive than the previous year.
US employment data for July did not meet expectations The US dollar and US bond yields fell sharply on Tuesday, helping gold prices soar by over $15
US employment data for July did not meet expectations The US dollar and US bond yields fell sharply on Tuesday, helping gold prices soar by over $15
Asian Stock Markets Rise as China Equities Drive Regional Gains
Despite possible challenges arising from the assertive position of US Federal Reserve (Fed) Chairman Jerome Powell at the Jackson Hole Symposium.
U.S. Stocks Rally for a Third Session, Bitcoin Gets Boost from Ruling
Strong Gains in S&P 500, Nasdaq 100, and Dow Jones; Weaker Economic Data Impact Fed Rate Hike Expectations
WCG Markets:2023-08-30
WCG Markets:2023-08-30
08/29 Market report
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
Delisted Products in September
Please note that the products mentioned in the table below are EXPECTED to be delisted on Friday, 8th September, 2023.