Mai hui MHmarkets: June 30, 2023-MHM European Perspective
Spot gold traded in a narrow range during Asian hours on Friday (June 30), trading near $1,905.44 an ounce.
Mai hui MHmarkets: June 30, 2023 - Fundamental Reminder
On Thursday, on the back of a series of strong U.S. economic data, spot gold briefly fell nearly $20 in premarket trading, briefly falling below the 1,900 mark for the first time since mid-March, before strongly recovering all losses to end up 0.04 percent at $1,908.15 an ounce.
Market Closure in July
Please refer to the following table for the changes in the trading hours during the month of July 2023.
WCG Markets:2023-06-30
WCG Markets:2023-06-30
Mai hui MHmarkets: June 29, 2023-MHM European Perspective
Spot gold tumbled to a new low of nearly three and a half months to $1902.70 per ounce in Asia on Thursday (June 29) and is now trading near $1,904.19 per ounce.
Mai hui MHmarkets: June 29, 2023 - Fundamental Reminder
Spot gold fell sharply on Wednesday as Powell reiterated his hawkish stance, falling below the 1,910 mark and hitting a near four-month low before settling down 0.32 percent at $1,907.46 an ounce. Spot silver settled down 0.7% at $22.69 an ounce.
Mai hui MHmarkets: June 28, 2023-MHM European Perspective
Spot gold traded in a narrow range during Asian hours on Wednesday (June 28), currently trading near $1,915.78 an ounce. Bullish U.S. economic reports that made a strong case for higher interest rates weighed on gold prices, though traders awaited hints from Fed Chair Powell and more economic data to determine the path of future rate hikes.
Mai hui MHmarkets: June 28, 2023 - Fundamental Reminder
On Tuesday, spot gold rose, then fell, and was again blocked at the 1930 mark. On the strong U.S. economic data, gold fell nearly $20 in U.S. trading, threatening to defend the 1,910 mark, before settling down 0.5 % at $1,913.67 per ounce. Spot silver was blocked at the $23 mark and ended up 0.29 %,
FP Markets Awarded 'Best Trade Execution' and 'Most Transparent Broker' at the Ultimate Fintech Awards APAC 2023
23 June 2023 - FP Markets, a leading Forex and CFDs broker, has been crowned ‘Best Trade Execution’ and ‘Most Transparent Broker’ at the prestigious Ultimate Fintech Awards APAC 2023 on 23 June.
WCG Markets:2023-06-28
WCG Markets:2023-06-28
Nasdaq dips amid mega tech’s retreat, Tesla sheds 6%
The tech-led rally on Wall Street came to a pause, resulting in pressure on the market. Major mega-cap stocks withdrew from their recent highs, leading to a sector rotation and a broad selloff in growth stocks. As a consequence, the Nasdaq experienced a dip after recording its first weekly loss in nine weeks.
Murrey Math Lines 26.06.2023 (EURUSD, GBPUSD)
On H4, the quotes are above the 200-day Moving Average, indicating the prevalence of an uptrend. The RSI has rebounded from the support line. In this situation, the quotes are expected to rise above 3/8 (1.0925) and thus reach the resistance level of 4/8 (1.0986). The scenario can be cancelled by a downward breakout of 2/8 (1.0864), which might lead to a trend reversal and a decline to the support level of 1/8 (1.0803).
EUR/USD Price Analysis: Bulls await acceptance above 100-hour SMA, 50% Fibo. confluence
• EUR/USD attracts fresh buying on Tuesday and draws support from a modest USD weakness. • The lack of follow-through buying beyond the 1.0930-35 confluence warrants some caution. • A break below last week’s swing low is needed to support prospects for any meaningful slide.
Mai hui MHmarkets: June 27, 2023-MHM European Perspective
Spot gold traded in a narrow range during Asian hours on Tuesday (June 27), currently trading near $1,925.75 an ounce.
Mai hui MHmarkets: June 27, 2023 - Fundamental Reminder
On Monday, spot gold recovered from a more than three-month low hit on Friday and stood at $1,930 in European trading. But those gains gave up in U.S. trading and still failed to hold above the 1,930 mark, ending up 0.11% at $1,923.31 per ounce. Spot silver closed up 1.56 % at $22.79 per ounce.
WCG Markets:2023-06-27
WCG Markets:2023-06-27
Is Artificial Intelligence a Bubble?
As advanced technologies continue to emerge, coupled with the increasing impact of Artificial Intelligence (AI), a pertinent question arises: could a financial bubble be looming? Through this article, we'll delve into the phenomenon of speculative bubbles and investigate the plausibility of an AI-related bubble.
EUR/USD Could Restart Increase Above 1.0950
Looking at the 4-hour chart, the pair saw a downside correction from the 1.1010 zone. It traded below a key bullish trend line with support near 1.0930. There was a break below the 38.2% Fib retracement level of the upward move from the 1.0668 swing low to the 1.1012 high.
AUDUSD justifies risk-indicator status amid recession fears
Following the policy adjustments made by numerous central banks, the market's outlook has become negative, as the prospect of increased interest rates reignites worries about an economic downturn. This apprehension, compounded with concerns regarding the Reserve Bank of Australia's capacity to boost rates, has fostered a risk-off attitude. Additionally, rumors of the Federal Reserve implementing a rate hike in July are predicted to impede the AUDUSD.
Mai hui MHmarkets: June 26, 2023-MHM European Perspective
On Monday (June 26), spot gold shocked slightly up during the Asian session, and is currently trading near $1926.68 per ounce. On the one hand, the U.S. June PMI data underperformed last Friday, the market on the year and then 2 interest rate hikes are expected to cool