Mohicans markets：MHM European Market
On Monday (March 13), the international gold price jumped nearly 1.5% to a new high of 1894.11 US dollars/ounce since February 3, as the largest collapse of the US banking industry since the 2008 financial crisis drove investors to turn to safe-haven assets. However, with the gradual stabilization of market sentiment, the risk aversion of gold price has faded and may fall back to $1862 in the short term.
Mohicans markets：MHM Today News
Last Friday evening, after the release of the weak non-agricultural report, the market's expectation of the Federal Reserve's interest rate increase of 50 basis points in March cooled down, and the dollar index continued to plunge, once narrowly missed the 104 mark, closing down 0.59% at 104.63.
Powell gives a stronger rate hike speech
On Wednesday, some importer will data were expected from the United States such as the Jolts job report, Powell's speech again and the ADP Non farm which was later released.
GBP/USD Price Analysis: Manages breath above 1.1900, downside seems favored
The GBP/USD pair has comfortably shifted its business above 1.1950 in the Asian session.
Friday’s NFP jobs are in key focus this week
Weighing the data and our internal models, the leading indicators point to a slightly above expectation reading in this month’s NFP report
Announcement on STARTRADER Server Upgrade and Trading Suspension
In order to provide you with better online trading services, STARTARDER will be upgrading the MT4 server STARTRADERINTL-Live2 and the MT5 Server STARTRADERINTL-Live from 07:30 to 12:30 on March 11, 2023, platform time (GMT+2). Trading is suspended during this period, please arrange transactions in advance to avoid unnecessary losses.
Week Ahead starting 13/3/23: ECB; UK data; Volkswagen; Deliveroo; Adobe results
Brace for an expected interest rate hike from the European Central Bank and plenty of UK data ahead of the budget. Results of note include those from Volkswagen (VOWG_p), Porsche (PSHG_p), Deliveroo (ROO) and Adobe (ADBE).
Measured Move Suggests Upside Potential for Gold
Owning gold has required patience these last two years. After surging following the onset of COVID and peaking above $2,000 per ounce back in August 2020, gold has churned in the time since and is currently trading -15% below its all-time highs. As a result of finding support at a critical price zone, the gold trend has turned positive.
How to read forex trading charts
A forex chart shows you the exchange rate between two currencies and how it has changed over time. If you’re just getting into forex trading, learning to use these charts will help you understand the markets. Charts are the main tools for technical analysis. Charts are using to plot a sequence of prices and price movements of an asset on certain of duration.
US Daylight Saving Time Switch Notification
We would like to provide you with the following information regarding the changes in the trading platform time schedule, due to US daylight saving time switch on Sunday 12th March 2023.
03/10 Market report
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
Mohicans markets ：MHM Today News
On Thursday, spot gold rebounded and pulled up sharply in the U.S. market on positive data, reaching a high of 1835.56, eventually closing up 0.85% at $1830.88 per ounce, ending three consecutive trading days of decline; spot silver retreated most of its intraday gains in late trading, eventually closing up 0.14% at $20.07 per ounce.
Short Explanation on Forex Type of Trading for Beginner
Forex type of trading is various. Foreign exchange or foreign exchange is a convertibility in which currencies can be exchanged for each other.
Forex Channel Trading Strategy: Ultimate Guide
Forex Channel Trading
Mohicans markets ：MHM European Market
On Thursday, March 9, international gold prices fluctuated narrowly. Investors are staying on the sidelines ahead of the release of U.S. employment data, which could influence the path of the Federal Reserve's monetary policy. Gold prices below the $1,800 mark will trigger a new potential downtrend.
Mohicans markets：MHM Today News
On Wednesday, spot gold consolidated and quickly recovered after falling below the 1810 mark in early trading. The U.S. market surged nearly $15 higher than the daily low, but then gave back gains and eventually closed down 0.01% at $1813.86 per ounce. Spot silver hovered near the 20 mark and eventually closed down 0.35% at $20.03 per ounce.
Learning Forex Step by Step in Easy Way
Simply put, a trading strategy is a plan for buying and selling on the financial markets. This can be a very simple or complex plan, depending on the amount of information you enter.
Top Technical Indicators Used in Forex Trading
Forex trading is a complex and volatile endeavor, requiring traders to navigate a constantly changing environment of currency values and economic indicators. As you navigate the perilous landscape of the forex market, you need all the help you can get to stay on course and avoid disaster. That’s where technical indicators come in – they’re like your trusty guide, pointing you in the right direction and warning you of potential pitfalls.
03/09 Market report
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
WCG Markets:2023-03-09
WCG Markets:2023-03-09