Mohicans markets：MHM European Market
On Wednesday (March 15), the spot gold fell slightly in the Asian session, and it is currently trading near the 1900 mark. The overnight data shows that the inflation in the United States is still at a high level, which increases the expectation of the Federal Reserve to raise interest rates by 25 basis points next week. The rebound in the yield of US Treasuries put pressure on the gold price. However, the fear caused by the collapse of Silicon Valley Bank has not completely dissipated, and the
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03/15 Market report
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
Mohicans markets：MHM Today News
The CPI data in February released last night met expectations, but the core service inflation excluding housing hit a five-month high. The market renewed its bet that the Federal Reserve would raise interest rates by 25 basis points. The dollar index was boosted and once returned to the 104 level. However, the US stock market nearly wiped out all the gains in the end of the day, closing up 0.01% at 103.69.
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03/14 Market report
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
Mohicans markets：MHM European Market
On Tuesday (March 14), the spot gold weakened slightly in the Asian session, currently trading price is around 1903.80 US dollars/ounce. The yield of US dollars and US bonds has fallen sharply in the past few trading days, helping the gold price to rise sharply. On Tuesday, the US CPI data for February will be ushered in. The market is in a strong wait-and-see mood. Some investors take profits, the US dollar index has rebounded gently, and the gold price will start to recover.
Mohicans markets：MHM Today News
Affected by the collapse of many banks, including the Bank of Silicon Valley, the market's expectation of the Federal Reserve's interest rate increase suddenly cooled. The dollar index fell below 104, down nearly 1%, to 103.49, down 0.59%, to 103.63. Non-U.S. currencies rose generally, with the offshore RMB rising by 1064 points, reaching 6.83, the highest level in three and a half weeks since February 15.
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03/13 Market report
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
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