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
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.