US September CPI exceeded expectations month on month The US dollar index recorded its largest increase in nearly two weeks
US September CPI exceeded expectations month on month The US dollar index recorded its largest increase in nearly two weeks
AUD/USD falls to near 0.6350 after hot key US inflation data
The AUD/USD pair experienced a significant drop below the key support level of 0.6400, taking a steep downward trajectory. This decline was triggered by the release of the United States inflation report for September, which indicated a higher-than-anticipated increase in the headline Consumer Price Index (CPI), primarily due to elevated gasoline prices.
An Economic Powerhouse on the Rise
India, having surpassed China as the world's most populous nation, is additionally one of the world's rapidly developing major economies. Endowed with a youthful and expanding population, an exponentially growing middle class, and an expanding pool of skilled workers, India is primed for an era of continuous economic advancement. This article aims to assess the advantageous aspects, potential avenues, and potential drawbacks of the Indian economy and also presents a strategy to access the Indian market. Commencing with an exploration of India's strengths.
US Stocks Fall as Inflation Holds Pace
Dow Jones Drops 173 Points, S&P 500 Sheds 27 Points, Nasdaq 100 Closes Lower by 57 Points
WCG Markets:2023-10-13
WCG Markets:2023-10-13
Notification of Change in the Leverage of US Shares
Please be advised that the leverage on all US Share CFDs products will be adjusted starting from 16th October 2023 to further optimise the competitiveness and improve the trading environment.
10/12 Market report
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
MHMarkets：The CPI data is coming in heavy, and the US dollar index has slightly declined in the Asian market, waiting for the data to be released.
At the end of the Asian market on Tuesday (October 12), the US dollar index fell slightly, with current prices around 105.61.
MHMarkets：October 12, 2023--Fundamental Reminder
Fed meeting minutes released early on Thursday showed the Fed will keep interest rates high for "some time", but hawkish Fed Governor James Waller and Atlanta Fed President Raphael Bostic both continued their recent dovish stance, with markets betting there is a less than 9% chance of a rate hike in November. The dollar index fell, closing down 0.02% at 105.73.
US and Chinese inflation the focus for the week ahead
The ASX200 concluded its third consecutive week with losses, plummeting by 1.34%. Surprisingly, the RBA's decision to maintain rates for the fourth consecutive month did not bring relief to the index.
Rollover Notification in October
Please be advised that the following CFD instruments will be automatically rolled over as per the dates in the table below. As there can be a pricing difference between old and new futures contracts, we recommend clients to monitor their positions closely and manage positions accordingly.
Market Closure in October
Please be advised that the following instruments' trading hours and market session times will be affected by the upcoming October holidays.
The US Dollar has the potential to come under pressure again when inflation data is released in the
Gold markets maintained strong gains even as the minutes of the Federal Reserve's September monetary policy meeting showed that the central bank was committed to maintaining a “higher for longer” monetary policy stance.
Crude Oil Price Could See Swing Moves Due To Israel-Hamas War
Yesterday, we discussed how Gold and Crude oil prices opened with a gap higher this week due to the Israel-Hamas war. Oil prices climbed above the $85.00 resistance zone before the bears appeared. The death toll is still rising in Israel and the Gaza Strip, as missile attacks continue, and conflicts explode for a sixth day on Thursday.
WTI Hits Three-Week Low at $86.95 Amid Stronger USD
As of October 3, 2023, West Texas Intermediate (WTI) crude oil, the United States’ benchmark for oil prices, is trading at approximately $86.95 per barrel, marking a significant three-week low. This decline represents the fifth consecutive day of negative movement in WTI prices, with the primary driving force behind this trend being the robust performance of the U.S. dollar and mounting concerns regarding the potential consequences of higher interest rates on oil consumption.
USD Index Holds Steady Above 107.00, Focus on US Data
The USD Index (DXY) has been exhibiting a seesaw pattern, hovering above the 107.00 mark on Wednesday, as it grapples with a mix of gains and losses. This performance comes amid a keen focus on upcoming US economic data and remarks from Federal Reserve officials.
USD Index Holds in Mid-106.00s, Limited Downside amid Soft Bond Yields
The US Dollar Index (DXY), reflecting the US dollar’s value against a basket of foreign currencies, has recently faced a bearish streak, settling near its lowest point during the Asian trading session on Thursday. Despite this decline, it has retained some of its gains for the week, reaching an almost 11-month high earlier this week. Traders are eagerly awaiting signals regarding the Federal Reserve’s upcoming policy decisions.
Treasury yields and USD surge, stocks and gold sink
FX: USD made fresh highs after the quarter and month-end weakness last week. Better than expected ISM manufacturing data helped while JP Morgan Chief Jamie Dimon said the economy is “still ok”.
The Week Ahead 9th – 13th October: Will Inflation Cool Further?
US treasury selloff intensified. Longer-term US yields rose to a fresh 16-year high this week before easing lower. Bill Ackman warned that the 10-year yield could soon hit 5%.
The AUD is on a rapid decline. Overview for 03.10.2023
The Australian dollar is rapidly depreciating against the US dollar on Tuesday. The current AUDUSD exchange rate stands at 0.6324.