Japanese Candlesticks Analysis 19.07.2023 (XAUUSD, NZDUSD, GBPUSD)
Gold has formed a Shooting Star reversal pattern near the resistance level. Currently, the instrument is going by the reversal signal in a corrective wave. The pullback target might be 1965.00. Upon testing the support level, the price could get a chance to rebound from it and continue the uptrend. However, the quotes might rise to 1985.00 without any correction.
Inflation hits 6% amid falling petrol prices and high-interest rates
During the June quarter, New Zealand experienced a decrease in inflation, which dropped to an annual rate of 6%. The key factors behind this decrease were primarily high-interest rates impacting household budgets and a reduction in petrol prices. Despite these influences, the persistence of high domestic inflation remains noteworthy.
Ichimoku Cloud Analysis 19.07.2023 (GBPUSD, EURJPY, NZDUSD)
GBPUSD is correcting after an aggressive rise. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the upper boundary of the Cloud at 1.2945 is expected, followed by a rise to 1.3185. An additional signal confirming the rise will be a rebound from the lower boundary of the bullish channel.
Daily Summary: Wall Street in Bullish Moods During The Earning Season
Wall Street is seeing positive gains due to heightened investor anticipation around the quarterly earnings season for businesses.
Canadian dollar rises, 'hanging tough' amid economic optimism
On Wednesday, the Canadian dollar experienced a slight appreciation against the U.S. currency which was otherwise broadly robust. This was largely due to the optimism among investors that the U.S. economy may still soft land despite the Federal Reserve's active campaign to hike interest rates.
Speculative Trading: Why Do Investors Speculate On Forex Currencies?
If you buy a piece of property that actually has gold, your investment could really pay off big time. But if there’s no gold, you also lose big. Speculative trading is no different. The prospect of patient long-term gains doesn’t satisfy every investor, right? This is where speculators come in; they speculate on future market movements. Although speculation carries high risks, there's also a chance for massive gains!
Forex Trading For Beginners: How To Predict Forex Price Movement?
The Forex market depends on many factors that vary considerably in different countries. This complexity makes attempting to predict forex price movements a challenging endeavor. But hey, don't worry! We've got some cool tools and indicators up our sleeves!
Mai hui MHmarkets: July 20, 2023-MHM European Perspective
On Thursday (July 20), spot gold shocked higher during the Asian session, once hit a nearly two-month high to $1987.34 per ounce.
Mai hui MHmarkets: July 20, 2023 - Fundamental Reminder
The UK's June year-on-year CPI growth rate, released on Wednesday, fell to a more than one-year low, and inflation in Canada and New Zealand also cooled, which boosted market sentiment.
07/20 Market report
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
WCG Markets:2023-07-20
WCG Markets:2023-07-20
07/19 Market report
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
Mai hui MHmarkets: July 19, 2023-MHM European Perspective
On Wednesday (July 19), spot gold shocked slightly lower during the Asian and European sessions and is currently trading in the vicinity of $1975.66 per ounce.
Mai hui MHmarkets: July 19, 2023 - Fundamental Reminder
June retail sales data released on Tuesday fell short of expectations, but core sales remained firm. After the release of the data, the U.S. dollar index dived to a 15-month low, and then rebounded as the market fully digested expectations of a 25 basis point rate hike in July, once back to the 100 mark, but failed to hold on to close up 0.05% at 99.96.
07/18 Market report
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
Mai hui MHmarkets: July 18, 2023-MHM European Perspective
On Tuesday (July 18), spot gold rose slightly during the Asian session and is currently trading near $1959.12 per ounce.
Mai hui MHmarkets: July 18, 2023 - Fundamental Reminder
The New York Fed's manufacturing index, released on Monday, fell to 1.1%, indicating that growth in its manufacturing sector has almost stalled. The dollar index closed down 0.04% at 99.91 as markets await U.S. retail sales data for June to be released tonight.
USD/CAD Price Analysis: Retreats below 1.3200 on mixed technical indicators
The USD/CAD has fallen beneath the 1.3200 level, largely driven by the bolstering effect of substantial yields on Canadian bonds, most notably the 3.385% yield observed on the 10-year note, which represents an increase of 0.53%.
Crude Oil extends reversal from multi-day high on China demand woes, fears of higher Libyan output
On Monday, market activity is likely to be limited due to the conjunction of Japan's holiday and the pre-Federal Reserve blackout period. This could enable the US dollar to maintain its recovery from the recent multi-day low, a rebound fueled in part by positive US economic data.
A Week in the Market: Prices and Demand (17-21 July)
China will present a lot of statistics. It is already known that the GDP for the second quarter has surpassed the value for the first quarter and reached 6.4% against 4.5%. However, the indicator fell short of analysts' forecasts. For risky assets, this is a moderate signal.