How To Trade Forex: Is Gold Heading To $1800.00?
Gold markets initially tried to rally during the trading session on Tuesday but gave back gains as we continue to see plenty of resistance near the $1880 level.
CFDs 101: What every trader needs to know about Contracts for Difference
Let's first explain what CFD are. A contract for difference (CFD) is a derivative product tied to an agreement between a buyer and seller to exchange the price difference of a stock, bond, commodity, or other asset between the dates that the contract is open and closed. If the price is higher at the close date, the buyer profits. If the price is higher at the open date, the seller profits.
WCG Markets:2023-02-23
WCG Markets:2023-02-23
Forex Carry Trade Strategy: Ultimate Guide
Did you know that the carry trade, a trading strategy dating back to ancient times, was once exclusive to the financial elite with access to global markets? Fortunately, with the rapid progress of technology, participating in this lucrative trade is now accessible to everyone. So, if you’re looking to enhance your Forex trading skills and potentially rake in big profits, mastering the art of carry trade should definitely be on your to-do list!
How does the Stock Market Volatility Impact Forex Trading?
While the Stock market and the Forex market are two of the most significant components of the global financial system, interestingly, both are closely interconnected. It is no secret that stock market volatility can affect various aspects of the economy, but how does it affect Forex trading? Join us on this journey to learn how volatility in the stock market affects Forex trading and what forex traders can do to mitigate risks and seize opportunities!
Mohicans markets：MHM Today News
On Wednesday, spot gold fell sharply in the US market, with a drop of more than $20, and fell below the 1830 mark, and finally closed down 0.53% at $1825.23 per ounce; Spot silver fell with gold and closed down 1.58% at $21.52 per ounce.
The USD Index Recedes from Its Recent Highs and Passes 104.00 Ahead of the Latest Economic Data
The dollar index firmed up above 104 on Wednesday, holding near its highest levels in six weeks as stronger-than-expected US economic data and hawkish remarks from Federal Reserve officials buoyed the currency. Latest data pointed to still elevated inflationary pressures and a robust jobs market in the US, supporting the case for further monetary tightening.
Last week Thursday's data hit hard!
It was surprised that all three major US indices ended in the red on Thursday, after a better-than-expected producer inflation report raised concerns the Fed will further tighten monetary policy.
Afternoon Briefing 17 Feb 2023: Gold Slides on Higher USD
Below are the market analysis of some regions
Exhibition Preview | Explore the new trend of the financial industry and start the new journey of riches - 2023 Vietnam Financial Expo
In 2022, MHMarkets has been adhering to the spirit of continuous progress, helping more investment enthusiasts to move towards the road of wealth.
Forex Range Trading Strategy: Ultimate Guide
Professional forex traders are choosing their forex strategies depending on their analysis, trading objectives, risk tolerance, and other specifications. Range trading is considered one of the trading strategies to explore as a forex trader as it involves tactically buying and selling currency pairs over a short period of time. You will learn everything you need to know about Range trading in this article!
Mohicans markets：MHM European Market
On Wednesday, February 22, the spot gold fluctuated in a narrow range in Asian time, and is currently trading at around $1836 per ounce. The market generally waited for the minutes of the Federal Reserve meeting released in the early hours of Thursday Beijing time, and the wait-and-see mood was strong. The US comprehensive PMI released on Tuesday unexpectedly rose to an eight-month high, and the US dollar remained near its six-week high.
Mohicans markets：MHM Today News
On Tuesday, strong economic data triggered traders' expectations of the Fed's hawkish interest rate increase. Spot gold took back most of the day's gains and failed to stand above $1840, and finally closed down 0.37% at $1835.34 per ounce. Spot silver closed up 0.12% at $21.85 per ounce.
02/22 Market report
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
WCG Markets:2023-02-22
WCG Markets:2023-02-22
Who are the Forex Market Participants in this Trading?
Traders must know about it because it is useful for you to know the price of forex movement and what factors influence forex trading.
Mohicans markets：MHM European Market
On Tuesday, February 21, the spot gold fell slightly in the Asian session, and the current trading price is around $1838.20 per ounce. Although there were bargain-hunting and safe-haven buying to support the gold price, the market was worried that the Federal Reserve would raise interest rates to a higher terminal interest rate. The relatively strong dollar kept the gold price under pressure.
Mohicans markets：MHM Today News
On Monday, spot gold maintained a narrow range during the day, rising as high as $1,847.39 before finally closing down 0.05% at $1,841.34 per ounce. Spot silver closed up 0.43% at $21.82 per ounce.
02/21 Market report
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
Oil Outlook 2023: What's Next for Oil Prices?
As geopolitical tensions remain intact and uncertainty regarding world demand, the oil outlook 2023 remains a major concern for the global economy. Albeit known for its constant volatility, oil and energy markets in general had a wild ride in 2022 that may linger in 2023.