S&P 500 Futures Weaken as China’s Economic Concerns Resurface
On Monday morning, there is a reduced appetite for risk following weekend reports from China that bring more uncertainty to the world's second-largest economy and the global economic scene.
European stocks mixed; German wholesale prices slip, Chinese property woes rise
European stock markets traded in a mixed fashion Monday, as investors digested better-than-expected German inflation numbers as well as persistent concerns about Chinese economic growth.
WCG Markets:2023-08-15
WCG Markets:2023-08-15
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US Inflation Data for July is a surprise – Here's what the US CPI looks like!
US Inflation Data and CPI Trends: July Sees Moderate Increase in Annual Inflation, Easing Burdens for Consumers Amid High Expenditures!
MHMarkets：The US dollar has started to exert upward force, while non US currencies and precious metals are generally weak, and US crude oil continues to retreat downward!
On Monday (August 14), spot gold hovered at a nearly month low during the Asian session and is currently trading at $1913.39 per ounce. Due to the strengthening of the US dollar and bond yields before the release of the July policy meeting minutes by the Federal Reserve this week, gold prices were under pressure.
MHMarkets：MHMarkets：August 14, 2023 - Fundamental Reminder
On Friday, affected by the U.S. inflation leading indicator PPI exceeded the expected rebound, spot gold intraday diving, down nearly $10 from the daily high, and finally closed up 0.07% at $1913.32 per ounce; spot silver range shock, and finally closed down 0.05% at $22.67 per ounce.
08/14 Market report
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
Gold prices have fallen for the third consecutive week, weighed down by rising US dollar and US bond yields This week, the markets will focus on the minutes of the Federal Reserve meeting and the New Zealand Federal Reserve's interest rate decision
Gold prices have fallen for the third consecutive week, weighed down by rising US dollar and US bond yields This week, the markets will focus on the minutes of the Federal Reserve meeting and the New Zealand Federal Reserve's interest rate decision
WCG Markets:2023-08-14
WCG Markets:2023-08-14
Weekly News 2023/08/07-2023/08/11
Index / Stocks / Crypto / Metals / Commodity & Futures / Forex
08/11 Market report
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
MHMarkets：Us dollar yesterday gold needle bottom K line form, non-US currency precious metals overall weak, US crude oil fell sharply!
Spot gold traded in a narrow range during Asian hours on Friday (August 11), trading around $1,915 an ounce, supported by weaker-than-expected US CPI data for July overnight and bets that Federal Reserve policy makers are unlikely to raise interest rates again in 2023 and may start cutting rates early next year.
MHMarkets：August 11, 2023 - Fundamental Reminder
On Thursday, spot gold rose to an intraday high of $1,930.19 on the back of weaker-than-expected inflation data, but then reversed course and accelerated below the $1,920 mark, where it rebounded but remained stuck. It ended down 0.09% at $1,912.58 per ounce. Spot silver remained stuck at the $23 mark and ended up 0.16% at $22.70 per ounce.
The US dollar index rose back on Thursday, with the help of the rise against the Japanese yen Data shows that consumer prices have slightly increased, but inflation is still far above the Federal Reserve's 2% target
The US dollar index rose back on Thursday, with the help of the rise against the Japanese yen Data shows that consumer prices have slightly increased, but inflation is still far above the Federal Reserve's 2% target
USD/CAD retreats after soft CPI data from the USD, holds the 100-day SMA
On Thursday, the USD/CAD pair took a step back towards the 1.3400 region, while maintaining its position above the significant support of the 100-day Simple Moving Average (SMA) at 1.3390.
Pound was deceived. Forecast as of 10.08.2023
Anticipations were initially high that the Bank of England (BoE) would increase the rate to 6.5%. Nevertheless, the projections for the bank rate have been lowered to a range of 5.5-5.75%. The GBP/USD depreciation in August is considered typical, yet optimism remains amongst the pound bulls. It's high time we delve into the Forex perspective and conceptualize a GBP/USD trading strategy.
Canadian Dollar Update – Canadian dollar gains ahead of US CPI
The Canadian dollar traded with a bullish bias overnight on the back of broad US dollar weakness.
Big-Tech leads US Stocks lower, Gold slides again, Bonds bid ahead of CPI
The key US stock indices experienced a volatile session on Wednesday due to traders adjusting their positions in anticipation of yesterday's crucial US CPI data release.
Stocks soften on disappointing China data
USD closed near its lows on Monday but a touch higher than Friday. This morning is seeing a better bid after disappointing Chinese trade figures soured risk sentiment. The 2-year yield continued its move lower after breaking down on Friday through long-held 50-day SMA support. The 10-year yield is falling sharply today as it nears the psychological 4% mark.