US Open: Wall Street struggles for direction after Jerome Powell's speech
The opening half of today's trading session on Wall Street has been influenced by varying market sentiments, stemming from Fed Chair Jerome Powell's address at the Jackson Hole Symposium in Wyoming.
US Commerce chief seeks trade, tourism boost in China talks
U.S. Commerce Secretary Gina Raimondo arrived in Beijing late on Sunday for a four-day visit aimed at boosting business ties between the world's two largest economies while declaring American national security trade measures off-limits for debate.
Powell said the Federal Reserve may further raise interest rates Gold prices end the four consecutive positive streak
Powell said the Federal Reserve may further raise interest rates Gold prices end the four consecutive positive streak
A platinum opportunity not to miss
Many novice traders often engage in trading positions once a rebound has significantly progressed or prematurely take an opposing position. As a result, they observe a buildup of losses while awaiting a market reversal.
Market Wrap: Weekly Overview of Stocks, Bonds, and Commodities
Analyzing Market Trends, Stock Performance, and Global Economic Indicators
WCG Markets:2023-08-28
WCG Markets:2023-08-28
MHMarkets：The U.S. dollar broke through the pressure, non-US currencies plunged, and U.S. crude oil began to rally!
On Friday (August 25), spot gold fluctuated in a narrow range during the Asian session, and is currently trading near $1913.90 per ounce.
MHMarkets：August 25, 2023 - Fundamental Reminder
On Thursday, as sentiment turned cautious ahead of Powell's speech, spot gold was flat, still hovering near a two-week high, before settling up 0.13% at $1,916.88 an ounce. Spot silver pulled back and ended down 0.77% at $24.14 an ounce.
S&P 500 plunges more than 1% as Jackson Hole kicks off
On Thursday, the US stock market saw losses driven by a stronger USD, boosted amid hawkish remarks by Federal Reserve (Fed) officials at the Jackson Hole Symposium.
Nvidia bounce starts to fade as markets retreat from their intraday peaks
European markets initially picked up where the left off yesterday as weaker economic data, combined with further declines in bond yields offered hope that central banks are close to being done when it comes to rate hikes.
How Will AI Impact Trading?
Artificial Intelligence (AI) has become vital in several industries, including trading, due to its ability to process large volumes of data, recognize patterns, and make informed decisions.
FX analysis – USD drops, Gold pops on soft data, falling yields
A raging US equity market fuelled by soft data, a drop in treasury yields and blowout earnings from NVDA (which saw its stock price hit an all-time high) saw risk-on trading through Wednesdays session.
EURUSD stays indecisive ahead of key data, central bankers’ speeches
Traders remain cautiously optimistic amid hopes of witnessing a sooner end to the hawkish monetary policies at the major central banks, backed by the activity data for August. Adding strength to the slightly positive outlook could be the downbeat yields and the US-China news.
BRICS to Rival the Industrial Revolution with Its Developments
BRICS’ developments are believed to rival the industrial revolution. The anticipated summit will take place on August 22-24. On the one hand, it is not supposed to bring some earth-shaking announcements.
The US dollar rose across the board on Thursday, while gold prices remained stable Waiting for Powell to speak at the Jackson Hole annual meeting
The US dollar rose across the board on Thursday, while gold prices remained stable Waiting for Powell to speak at the Jackson Hole annual meeting
U.S. indices closed under pressure despite a positive opening to the trading session.
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08/25 Market report
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
WCG Markets:2023-08-25
WCG Markets:2023-08-25
08/24 Market report
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
MHMarkets：The U.S. dollar dropped from high, silver was significantly stronger than gold, and U.S. crude oil's short momentum was unleashed!
On Thursday (August 24), spot gold rose slightly during the Asian session, once hit a nearly two-week high of $1922.19 per ounce, and is currently trading at $1920.91 per ounce.