Mai hui MHmarkets: 6, 2023 - Fundamental Reminder
Last Friday, spot gold pulled up sharply before the U.S. market, pulling up $27 from the daily low, up to $1,937.50, and then fell back, failing to hold above the 1,930 mark, finally closing up 0.38% at $1,921.12 per ounce. Spot silver closed up 0.82% at $22.44 per ounce.
What is the best indicator for the breakout strategy?
The story of Netflix’s breakout in 2013 is a prime example of why you need to spot trading opportunities in time. For nearly two years, the company’s stock price was stuck in a range between $50 and $130. But then, in October of 2013, Netflix released a game-changing earnings report, and the price had soared to $389 by the end of the year.
The Week Ahead 26th June – 30th June: Stress test for the Federal Reserve and release of CPI
Fed Chair Powell testified before Congress. Powell’s bi-annual testimony before Congress saw the Fed Chair warn that interest rates could be raised higher for longer to tame inflation.
The impact of leverage on trading: how to use it responsibly.
The history of leverage and levers can be traced back thousands of years. During the construction of the monumental pyramids, the Ancient Egyptians employed basic lever systems to transfer bulky materials such as stone blocks.The ancient Greek philosopher Archimedes formally described them around 250 BCE. Levers are still used in cranes and excavators, and trading with leverage is yet another example of how the concept continues to be relevant.
GBP/JPY Fundamental Outlook
On Friday, GBP/JPY continued to push the cross to fresh cycle highs at 182.80 after finding support at the 181.25 area. In that sense, the Sterling continued to gain ground on the back of Thursday’s Bank of England (BoE) hawkish surprise to raise rates by 50 basis points and held its ground despite weak British PMIs from June.
FX wrap – GBP volatile on BoE surprise, JPY and CHF under pressure, USD follows yields up
USD was firmer on Thursday, largely due to a rally in treasury yields with the DXY tracking the 10-year yield higher to a peak of 102.470 after bouncing off the psychological 102 support level.
EUR/JPY CLEARS DAILY LOSSES AMID SOUR MARKET SENTIMENT
Despite initial losses, the EUR/JPY pair managed to regain ground, climbing from a low of 155.06 to 156.60 and closing with mild losses. Moreover, weaker-than-expected figures from the US, UK and the Eurozone seem to be having a greater impact on the Yen as the USD/JPY rose to monthly highs.
BoE Surprises With 50 Bps Rate Hike
Markets have increased the probability of the Federal Reserve raising interest rates, a sentiment also applied to other major central banks worldwide, including those of the U.K, Switzerland, and Norway. Furthermore, U.S. Treasury Secretary Janet Yellen supports the Fed’s monetary policy, emphasising the need to focus on containing inflation rather than being concerned about the likelihood of a recession.
Bank of England surprisingly raises its interest rate by 0.50%
On Friday, the FTSE 100 experienced a 0.3% decline, reaching the 7480 milestone. This marks a fifth consecutive session of drops, resulting in a total 2% decrease for the week. The market is still adjusting to a series of interest rate hikes and the possibility of further monetary constraint.
A Speculative Choice for Profitable Short-Term Trading
Virgin Galactic, the pioneering space tourism enterprise, has attracted the interest of investors seeking to leverage rapid profit gains. With a track record spanning more than two decades, the company has achieved notable strides in advancing its technological capabilities in recent times.
Appointment of Sunny Lethyy as the Country Manager for Vietnam
AUS Global, is thrilled to announce the appointment of Ms. Sunny as the country manager of our new office in Vietnam. Ms. Sunny brings with her a wealth of experience in the forex trading industry, having held various valuable roles at the financial market across Asia.
How To Start Trading Gold: Simple Gold Trading Strategies For A Beginner
Gold has been a shining star of wealth and security for mankind throughout time. From adornments to technology, its allure knows no bounds. However, this precious ‘yellow metal’ gains the most attention during times of economic uncertainty. Enter the realm of online gold trading, where fortunes are forged and trends are born. Find out what influences the gold price, simple gold trading strategies, and how to start trading gold online!
Mai hui MHmarkets: June 21, 2023-MHM European Perspective
On Wednesday (June 21), spot gold was narrowly oscillating during the Asian session and is currently trading at $1,938.33 per ounce. Traders are avoiding big bets ahead of Federal Reserve Chairman Jerome Powell''s testimony to Congress.
Mai hui MHmarkets: June 21, 2023 - Fundamental Reminder
On Tuesday, because of the "blowout" U.S. housing starts data, spot gold dived sharply before the U.S. market, and once fell below the $1930 mark to an intraday low of $1929.82, and then recovered some of the lost ground, finally closing down 0.72% at $1936.43 per ounce
USDJPY price analysis for 13.06.2023
The USDJPY currency pair has experienced a notable shift in market dynamics as the price line recently broke below a bullish channel that had been guiding its upward trajectory.
WCG Markets:2023-06-21
WCG Markets:2023-06-21
Stock market today: Dow snaps 4-week losing streak amid mixed quarterly earnings
The Dow closed lower Friday, snapping a four- week win streak on mixed quarterly earnings ahead of results from big tech next week. The Dow Jones Industrial Average was 0.1%, or 22 points higher, the Nasdaq rose 0.1%, and the S&P 500 added 0.1%.
China's yuan weakens as lending rate cut by less than expected, more stimulus awaited
The yuan weakened against the dollar after China cut a key lending benchmark rate on Tuesday, though rates were not reduced by as much as expected and the market was still awaiting more details on plans to stimulate a stuttering economic recovery.
CertiK Receives $500k For the Discovery of a Vulnerability in Sui Network
Smart-contract audit company CertiK has been awarded the sum of $500k by Sui Foundation for the discovery of a potential attack vector on the Sui network.
Google is not falling behind in the AI arms race. Can the stock price continue to rise after a 40% i
The introduction of ChatGPT into the market has triggered a worldwide race to dominate the AI market. Its exceptional technological prowess and the possibility of exceeding human capabilities have not gone unnoticed by industry giants. The resulting AI frenzy has seen participation from top corporations such as Google, Amazon, Meta, Microsoft, and Apple, all vying for the top spot in this burgeoning industry.