Peter Karsten, CEO of STARTRADER, won the "Best Forex CEO" award in 2023
Recently, we learned an exciting news: Peter Karsten, CEO of STARTRADER, a well-known company in the financial field, was awarded the honorary title of "Best Forex CEO" in 2023 by Wikifx.
June 5, 2023-MHM European Perspective
The dollar index edged up in early Asian trading on June 5, Beijing time, and is currently trading near 104.09. The US dollar index rose on Friday after data showed non-farm payrolls surged in May, while traders weighed the pros and pros of the Fed possibly skipping one rate hike in June.
June 5, 2023 - Fundamental Reminder
Data on Friday showed the U.S. economy added much more jobs than expected in May, but the unemployment rate rose rather than fell and growth in average hourly earnings slowed.
Forex Signals: Difference Between a Valid Signal and a False Signal?
Forex signals are used by traders in making trading decisions by determining whether to buy or sell a certain currency pair at any given time. However, navigating the ever-changing landscape of Forex signals can be a daunting task. Like deciphering a code, distinguishing between a valid signal and a false signal requires careful analysis and a keen eye for hidden indicators. Here’s the scoop!
Stock Market: 100 Days of Bullish Trading Bring Good News for 2023
The stock market has taken off in a remarkable fashion, soaring to new heights in the first half of 2023. With gains of nearly 10% since the beginning of the year, investors have witnessed an impressive start to their portfolios. With May 25th marking the 100th trading day, about 40% of the way through the year, it might be an opportune moment to ponder the implications of this performance for the rest of the year!
June 2, 2023-MHM European Perspective
On Friday (June 2), spot gold oscillated near a near-week high during the Asian session, and is currently trading at $1980.54 per ounce.
The Election Results Deepen the Depreciation of the Turkish Lira
The Turkish lira slumped to yet another all-time low Tuesday, extending its slide after the re-election of incumbent President Recep Tayyip Erdogan.
Stocks Pick of The Week - Tech Companies Boost Sentiment Amid Debt-Ceiling Concerns
The Nasdaq Composite experienced a notable surge following Nvidia's strong sales forecast, fueled by the increasing demand for artificial intelligence technology. Nvidia's stock soared by 25%, subsequently uplifting other chip manufacturers and AI-connected firms. The importance of semiconductors in the AI landscape has been underscored as a key factor driving this trend.
GBP/USD Re-Establishes Its Weekly High At 1.2450 Despite The Fed's Conflicting Views.
GBP/USD has established a new weekly high at 1.2450 as Fed policymakers disagree on interest rate guidance. As attention shifts to US Employment, the US Dollar Index (DXY) displays some resilience after falling significantly to around 104.13.
New Product Launch in June
We will be launching a new product on June 5th, 2023, as mentioned in the table below.
China manufacturing PMI grows more than expected in May - Caixin
Chinese manufacturing activity grew more than expected in May, a private survey showed on Thursday, contrasting government data from earlier this week that pointed to a sustained decline in China’s biggest growth engines.
China Data Falls, Dollar Recovers and Other Majors are Affected
The short-term downward pressure faced by the Chinese currency does not point to further depreciation space in light of China's economic recovery pace, experts said.
Rollover Notification in June
Please refer to the table below, for the rollover date of our futures on the trading system during June,
Asia FX inches higher on bets of Fed pause, debt ceiling progress
Most Asian currencies advanced on Thursday, while the dollar inched lower tracking comments from Federal Reserve officials touting a potential pause in the rate hike cycle in June.
June 1, 2023-MHM European Perspective
On Thursday (June 1), spot gold narrowly oscillated during the Asian session, and is currently trading near $1961.77 per ounce.
June 1, 2023 - Fundamental Reminder
On Wednesday, after the release of the Chicago PMI data, which was significantly weaker than expected, spot gold pulled up briefly on the $1,970 mark, then gave back some of its gains due to stronger U.S. employment data to close up 0.18% at $1,962.67 per ounce.
Forex Trading 101: The Ultimate Guide to Backtesting Forex Strategies
The process of developing a strategy for forex trading is similar to painting a canvas. Similar to an artist who sketches out their vision, traders begin by sketching out their strategies and refine them over time. Backtesting forex serves as the initial sketch of your trading canvas. Nonetheless, backtesting cannot guarantee future success. Essentially, it gives you a sense of how your strategies may work in action!
May 31, 2023-MHM European Perspective
On Wednesday (May 31), spot gold narrowly oscillating during the Asian session, and is currently trading near $1963.10 per ounce. U.S. bond yields continued to weaken to a new low of more than a week, providing support to gold prices, but supported by the market's expectations of the Federal Reserve rate hike in June, the dollar support to maintain the strength, so that the gold price gains are limited.
May 31, 2023 - Fundamental Reminder
On Tuesday, boosted by the dollar and U.S. bond yields fell, spot gold fell before rising, intra-day gains once expanded to 1%, above the $1960 mark, and finally closed up 0.82% at $1958.83 per ounce. Spot silver rebounded relatively weakly, eventually closing down 0.04% at $23.18 per ounce.
USD/INR PRICE NEWS: RUPEE BEARS APPROACH 82.80, INDIA GDP
USD/INR remains on the front foot for the third consecutive day even as it clings to mild gains around 82.70 amid early Wednesday in Europe. In doing so, the Indian Rupee (INR) pair not only justifies the US Dollar’s latest strength but also portrays the market’s cautious mood ahead of the Indian Gross Domestic Product (GDP) for the first quarter (Q1), as well as the US House voting on the debt-ceiling extension deal.