June 8, 2023-MHM European Perspective
Spot gold rebounded slightly during Asian hours on Thursday (June 8) and is now trading at US $1946.92 an ounce, as the US dollar weakened slightly.
June 8, 2023 - Fundamental Reminder
he Bank of Canada, a hawkish bellweker in the G7, unexpectedly raised interest rates by 25 basis points last night, becoming the first G7 central bank to resume tightening after a pause.
WCG Markets:2023-06-08
WCG Markets:2023-06-08
How to Use Awesome Oscillator in Forex Trading
The Forex Awesome Oscillator, or AO for short, is a technical indicator with a fascinating history and an exciting potential for helping traders make more informed decisions in the foreign exchange market. Don’t be fooled by its silly name, this technical indicator is the Bruce Lee of Forex trading, packing a punch of accuracy and awesomeness in every signal. So, sit back, relax, and get ready to navigate the complex world of forex trading with confidence!
Market Closure in June
Please refer to the following table for the changes in the trading hours during the month of June 2023.
Forex Sentiment Analysis: Profiting from the Mood Swings of the Market
Like Facebook, the forex market is a complex network of users who want to spam our news feeds. No matter how much you, Warren Buffet, or John from the pizza store may joke, the market essentially reflects how all traders feel about it. While many traders use fundamental and technical analysis to achieve the right mix, sentiment analysis is something you should not ignore. Here's why!
June 7, 2023-MHM European Perspective
Spot gold traded in a narrow range during Asian hours on Wednesday (June 7), trading near $1,963.35 an ounce. In recent trading days, there are few economic data and the Federal Reserve has entered a quiet period.
June 7, 2023 - Fundamental Reminder
Markets were more muted Tuesday, but the dollar index closed up 0.14% at 104.15 after the survey showed only 51% of respondents believe a U.S. recession is imminent, down from 55% in May and the lowest level since May 2022.
USD/CAD Price Analysis: Bulls taking control and eye significant correction
USD/CAD is been in the hands of the bulls at the start of the week while the yield on benchmark government debt climbed and despite a surprise in the US economic data front. Nevertheless, the technical outlook remains bullish as for the following analysis:
Saudi oil cut sees oil prices hit one-month highs
European markets have got off to a slow start to the week with little in the way of positive catalysts, weighing on the DAX and CAC40.
S&P 500 ends lower as traders eye potential pause in rate hikes
The S&P 500 ended lower on Monday as investors weighed whether the U.S. Federal Reserve might pause its interest rate hikes at its upcoming policy meeting, while Apple briefly hit a record high before losing ground.
Oil price cheers OPEC+ verdict, slightly upbeat markets to print three-day uptrend
Global markets begin the trading week on a mildly positive front as US policymakers managed to avoid the debt payment default, despite the initial ruckus. Adding strength to the cautious optimism is the firmer China Caixin Services PMI and hopes of slower rate hikes from the key central banks ex-Fed.
Ichimoku Cloud Analysis 05.06.2023 (EURUSD, USDJPY, NZDUSD)
EURUSD has pushed off the signal lines of the indicator. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the upper border of the Cloud at 1.0715 is expected, followed by a decline to 1.0465. An additional signal confirming the decline will be a rebound from the upper border of the descending channel.
WCG Markets:2023-06-07
WCG Markets:2023-06-07
EUR/JPY TRADES WITH LOSSES AFTER MIXED EUROPEAN ECONOMIC DATA
The EUR/JPY retreated to the 149.70 regions at the start of the week while the Euro traded mixed against its major rivals following disappointing PMIs from the EU (European Union). On the other hand, the Japanese Yen, held strong against most of its rivals as the prospects of Japanese authorities intervening in the markets helps limit deeper losses for the JPY.
Global Oil Prices Heating Up! Are you ready to seize the trading opportunities?
Oil prices have surged to pre-Ukraine war levels, and the tide shows no signs of going down anytime soon. Join us as we unveil the driving forces of this lucrative trend!
June 6, 2023 - Fundamental Reminder
The ISM services index, released Monday, unexpectedly fell to 50.3 in May, a slight expansion, and factory orders in April were similarly muted. After the data was released, the dollar index turned negative, briefly losing the 104 mark, only to close barely back at 104, down 0.14 percent at 104.01.
AUS GLOBAL Points Mall Grand Launch!
AUS GLOBAL sincerely presents the "Points Mall" event as a gesture of gratitude and appreciation to our valued customers and partners for their trust and support.
AUS GLOBAL Points Mall Grand Launch!
AUS GLOBAL sincerely presents the "Points Mall" event as a gesture of gratitude and appreciation to our valued customers and partners for their trust and support.
WCG Markets:2023-06-06
WCG Markets:2023-06-06