May 22, 2023-MHM European Perspective
On Monday (May 22) , spot gold oscillated slightly lower during the Asian session and is currently trading near $1,975.77 per ounce. Although the impact of the Fed chairman's slightly dovish speech on Friday is still fermenting, the dollar and U.S. bond yields fell, gold prices rebounded sharply on
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05/22 Market report
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
May 22, 2023 - Fundamental Reminder
On Friday, as debt ceiling negotiations resumed at an impasse and Yellen's speech reignited market concerns about the stability of the banking sector; Meanwhile traders cut their bets on another Fed rate hike after Powell's slightly dovish speech, spot gold pulled up sharply during the U.S. session, eventually closing up 0.94% at $1,976.56 per ounce. Despite recovering some of this week's losses, it still recorded its worst one-week performance since February. Spot silver rose more than 2% at on
STARTRADER launched a financial seminar in India to promote international financial cooperation
On the 14th and 18th of this month, STARTRADER, one of the fastest growing traders in the world, successfully held a far-reaching financial seminar in India. STARTRADER invited old and new partners to participate together with the company CEO Peter Karsten, aiming to deepen the relationship with partners and enhance their understanding and trust in STARTRADER.
05/19 Market report
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
MHMarkets: Debuting at the Trading.Live Global Trading Summit, Connecting the Leading Forces of Global Traders
Recently, MHMarkets was invited to participate in the Global Trading Summit event organized by Trading.Live. As the world's first multilingual live financial learning community, Trading.Live provides a platform for traders to interact and exchange ideas. At the summit, MHMarkets showcased its superior technology and professionalism to exhibitors from around the world, winning widespread acclaim.
May 19, 2023-MHM European Perspective
On Thursday (May 18) , spot gold shocked slightly up during the Asian session , and is currently trading near $1962.79 per ounce. After the gold price fell sharply overnight, it demands short - term rebound adjustment. On the one hand, there is support around the 1950, on the other hand, geopolitica
May 19, 2023 - Fundamental Reminder
On Thursday, as the U.S. released more strong economic data further weakened market bets that the Federal Reserve may hold off on interest rate hikes, spot gold extended its decline, extending losses in the U.S. session and once plunged to $1952.01, which was a new low in a month and a half, plunging more than $30 from the daily high, and finally closed down 1.22% at $1957.55 per ounce. Spot silver fell by more than 1% during the day, eventually closing down 1.04% at $23.49 per ounce.
May 18, 2023-MHM European Perspective
On Thursday (May 18) , spot gold shock slightly down during the Asian session , and is currently trading near $1978.41 per ounce. Recent U.S. data is stronger than expected by the market, the Fed officials speak to the hawkish, the market on the Fed to cut interest rates during the year is expected to cool, the dollar index continued to rise, forming a pressure on gold prices; and the U.S. debt ceiling agreement is expected to heat up, the market risk aversion cooling, but also reduce the attrac
May 18, 2023 - Fundamental Reminder
On Wednesday, due to Biden's commitment to the debt ceiling, stronger-than-expected U.S. economic data and hawkish comments from some Fed officials, the dollar index was once up to the 103 mark, approaching a seven-week high, and finally closed up 0.24% at 102.85. The onshore and offshore yuan against the dollar both fell below the "7" mark during the day, and the dollar hit a two-week high against the yen intraday.
Understanding Bank Stocks Amid Economic Downturns: An In-Depth Analysis
In mid-March 2023, the collapse of Silicon Valley Bank and Signature Bank triggered a significant downturn in the financial markets, with most banking stocks and bank-based exchange-traded funds (ETFs) experiencing sharp declines in stock prices.
The pound remains under pressure after the speech of the head of the Bank of England
The British pound sterling has been showing a significant drop in recent days in a pair with the US dollar, falling to the level of 1.2422. On Wednesday, after a speech by the governor of the Bank of England, Andrew Bailey, who said that the central bank expects price pressure to ease in April, the pound remains under pressure.
G7 Finance Chiefs Meet & Address Global Economic Uncertainty
Finance leaders of the Group of Seven nations warned of heightening global economic uncertainty on Saturday as they wrapped up a three-day meeting overshadowed by a US debt ceiling stalemate and the fallout from Russia's invasion of Ukraine.
Crude Oil Price Starts Recovery But Faces Hurdle
Crude oil prices remained well-bid above the $65 level against the US Dollar. The price started a recovery wave above the $68 and $68.50 resistance levels.
Bank Stocks Lead Wall Street Rally
Bank stocks led a rally on Wall Street on Wednesday as investors regained confidence in the regional banking sector, while also seeing improved sentiment for big banks on optimism that a debt ceiling solution is forthcoming.
Asian currency markets held steady Tuesday supported by optimism around the dollar
Asian currency markets remained stable on Tuesday's trade, helped by the US dollar's strengthening safe-haven status as the policy stalemate in Washington over the US debt ceiling continues.
05/18 Market report
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
WCG Markets:2023-05-18
WCG Markets:2023-05-18
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