USD/CAD jumps toward 1.3740 amid a stronger US Dollar
The USD/CAD stayed at 1.3643 following the release of Canadian inflation, the lowest since March 7 and then rebounded sharply amid a stronger US Dollar, approaching 1.3740.
TSX retreats from one-week high after Fed rate hike
Canada's benchmark stock index fell on Wednesday, giving back some of its gains in recent days, as investors assessed the Federal Reserve's move to raise interest rates and signal that its tightening campaign is nearing an end.
Gold shines bright as prices skyrocket, but will the Fed douse the glittering flame?
Stakes are high at the next Federal Reserve rate meeting, but even more so for gold buyers as XAU/USD rose by 11.17% from March 8 to 20, and the price still lingers around the highs.
WCG Markets:2023-03-24
WCG Markets:2023-03-24
FTSE 100 shrugs off surprise surge in UK CPI
FTSE 100 claws back an early fall after the unexpected rise in inflation announced today, closing 0.4% up ahead of interest rate decisions in US this evening and UK tomorrow.
BTC Hits above $28,500 – a 2023 High
Bitcoin price action targets $28,500 with “all classes” buying BTC, but the odds of the Fed pausing rate hikes are decreasing by the hour.
A Week in the Market: The Fed Keeps Its Word (20-24 March)
Let's see below markets expectation for some trading pairs as the Fed maintain it's word.
03/23 Market report
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
Mohicans markets：MHM European Market
Spot gold oscillated slightly higher during the Asian and European sessions on Thursday (March 23) and is currently trading near $1976.64 per ounce. The Federal Reserve raised interest rates by 25 basis points as expected, but hinted at an imminent pause in further rate hikes in light of the recent turmoil in the financial sector. The dollar index fell to a new low of nearly one and a half months, which gave gold prices upward momentum.
Mohicans markets：MHM Today News
The Federal Reserve just raised interest rates by 25 basis points as expected at the rate meeting, but left the terminal rate unchanged and abandoned its commitment to "keep raising rates". As a result, the dollar index took a big dive and is narrowly missing the 102 mark, closing down 0.59% at 102.56.
Top 5 reason why you choose Vonway as your trading platfrom
In this era of online trading, you cannot miss a beat as the prices go up and down almost instantly. There are several online forex trading platforms available. So, choosing one can be tricky since all claim to offer the same experience.
WCG Markets:2023-03-23
WCG Markets:2023-03-23
03/22 Market report
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
Mohicans markets：MHM Today News
Although the market is now betting on a 25 basis point spike in the probability of a rate hike, coupled with a sharp pickup in U.S. home sales in February from a year earlier, the market's risk appetite rose as bank stocks stabilized further. The dollar index fell below the 103 handle at one point and closed down 0.11% at 103.23.
5 Reasons Why 'Cash Is King' During a Recession
Increasing chatter about a possible global recession in 2023 might force traders to reconsider their trading strategies accordingly. While the financial markets react differently during economic downturns, in rough waters, people often turn to ‘cash’ as a safe haven. This lends more significance to the saying that “Cash is King” during a recession.
Trading Routine: Why Trading Isn’t a 9-to-5 Job
The 40-hour workweek ensures regular pay regardless of how well one performs. A trading routine, however, does not fit with a traditional job description. Unless you make enough winning trades, you won’t make any money. A trader can work a solid 40 hours and still see no results. Yet, that doesn’t mean you won’t get rewarded. Getting out of the 9-5 mindset is the key to success, and here's why!
WCG Markets:2023-03-22
WCG Markets:2023-03-22
Mohicans markets：MHM European Market
On Tuesday (March 21), during the Asian session, spot gold narrowly oscillated, and is currently trading near $1981.38 per ounce. Near the Federal Reserve interest rate resolution, the market wait-and-see sentiment is strong, the overall trading is relatively light. Although the short-term risk aversion has fallen, gold prices are still supported by the low buying. Because of the turmoil in the banking industry in Europe and the United States, the market has fallen on the Fed's terminal interest
Mohicans markets：MHM Today News
Although the market still expects the Fed will probably raise interest rates by 25 basis points on Thursday, but yesterday UBS picked up the acquisition of Credit Suisse, coupled with the Fed joint liquidity operations of the five major central banks to stop the spread of the crisis after the market risk aversion has receded, the dollar index closed down 0.48% at 103.31.
Ultimate Guide on Forex Trend Analysis and Trend Trading Strategy
Did you ever ponder how certain forex traders seem to have a mystical ability to forecast the movement of currency pairs? However, it’s not supernatural or fortuitous. It’s the efficacy of trend analysis and trend trading. Forex traders often favor trend analysis and trend trading because it can offer a distinct direction for trades, potentially leading to significant gains. If you grasp these robust tools, you can enhance your success in forex trading!