Mohicans markets：MHM European Market
At the beginning of the Asian market on Tuesday (February 28), the US dollar index fluctuated in a narrow range and is currently trading around 104.65. The US dollar fell back from its seven week high on Monday, following the downward trend of US treasury bond bond yields. Investors consolidated their gains after the recent rise of the US dollar.
Mohicans markets ：MHM Today News
On Monday, the spot gold rose, and the US market was boosted by the unexpected sharp drop in the monthly rate of US durable goods orders. It once hit the 1820 level, then fell back, and finally closed up 0.3% at 1817.28 US dollars/ounce; Spot silver fluctuated at a low level and ended down 0.69% at $20.64/ounce.
Technical Analysis & Forecast 27.02.2023
The currency pair has completed a wave of decline to 1.0550. As of yesterday the market might demonstrate a link of correction to 1.0590 and go down to 1.0490. Then a new wave of correction to 1.0705 should start, followed by a decline to 1.0380.
Japanese Candlesticks Analysis 27.02.2023 (XAUUSD, NZDUSD, GBPUSD)
In order to read Japanese candlestick patterns, you'll need to familiarise yourself with three elements on each candle: its colour, its body and its wick.
Recession Trading: 5 Reasons Why You Shouldn't Be Afraid of Recessions
As the world’s economy continues to ebb and flow, it’s no surprise that many traders feel hesitant to invest in the face of a possible recession. After all, the prospect of financial turmoil can be daunting. However, what if I told you that you shouldn’t be scared of a recession? In fact, there are several compelling reasons why taking the plunge during economic uncertainty can be a smart move. Find out why recession trading can benefit you!
Forex Price Action Trading Strategy: Ultimate Guide
The price action trading strategy is one of the most commonly used methods in almost every financial market today. Whether you are trading in the short-term or the long-term, analyzing price action can often be considered one of the most powerful ways to gain an edge in the market. Simply put, price action allows a trader to make subjective trading decisions by just reading the market rather than relying solely on technical indicators.
OPEC in the news: Hike or hype?
OPEC (and non OPEC members ) are battling with the West led by the US over oil price. While the West wants oil price to hover around $60/barrel, OPEC and other oil producing countries led by Russia and Saudi Arabia feel no one should dictate the price of their commodity.
A NEW CHALLENGER. META ENTERS THE AI RACE
After Microsoft ChatGPT and Google's Bard, Meta is joining the AI chatbot race with its own state-of-the-art foundational large language model designed to help researchers advance their work in the field of artificial intelligence.
Things You Must Avoid In Forex Trading Activities To Profit
Forex trading is an investment activity, namely by exchanging two types of foreign currency which is usually done online.
02/27 Market report
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
Mohicans markets：MHM Tổng quan Thị trường châu Âu
Last week, the financial market was hit by heavy events and economic data. Due to the hawkish wording of the minutes of the Federal Reserve meeting, and the hawkish remarks made by many Fed officials, as well as the fact that the Fed's favorite inflation index exceeded expectations, the market expectations for interest rate hikes rose sharply, and the US dollar soared last week, hitting its best performance since September last year and returning to the 105 high.
Mohicans markets：MHM Today News
Last Friday, spot gold fluctuated and fell. Affected by PCE data exceeding expectations, the US dollar fell below the 1810 mark, hitting a new low in the year, and finally closed down 0.65% at $1810.81per ounce; Spot silver recorded a decline for the sixth consecutive week, falling behind the 21 mark, reaching the lowest level in three months, and finally closing down 2.46% at $20.77 per ounce.
US Market Weekly Update: Mixed Performance, Inflation, US Interest Rates, And Economic Data.
Wall Street stocks ended mixed on Tuesday after U.S. consumer price data for January offered little to change expectations about the Federal Reserve's path forward on interest rate hikes.
Understanding Investment Styles
An investment is an asset or item accrued with the goal of generating income or recognition.
Hong Kong Can Become a New Asian Crypto Hub
As the U.S. government continues to rein in the crypto industry with a spate of regulations, other places are emerging as new hubs for the virtual asset industry. On Monday, Hong Kong proposed rules that would let retail investors trade certain “large-cap tokens” on licensed exchanges, a stark contrast to mainland China across its border where crypto-related transactions are outright banned.
HEDGING VS. STOP LOSS – 4 STOP LOSS TECHNIQUES
Hedging strategies minimize risk by trading instruments in opposite directions. For example, holding a long and a short trade at the same time.
FIBONACCI – The Powerful Tool for Trading
Fibonacci Lines are a popular and very powerful technical analysis tool that you can use with downward and upward trends, as well as in conjunction with all assets and timeframes.
Bank of England isn’t Supposed to Stop Interest Rate Hike Now
Remember that, The Bank of England has been raising the interest rates, since from the beginning of this month for a 10th consecutive time by 0.5 percentage points to 4%. And some said that raised in interest brings down inflation.
Hitting Exhibition| MHMarkets 2023 Vietnam Financial Expo jointly promoted the continuous development of financial transactions
On February 25, 2023, the great event of the financial industry - the 2023 Financial Expo opened successfully in Ho Chi Minh City, Vietnam. This extremely successful exhibition attracted exhibitors and investment enthusiasts from all over the world and injected new vitality and impetus into the innovative development of the global trading industry.
HFM Trading Classes - Learn From Africa's Best Educational Broker!
HFM the multi-asset global broker of choice with over 3.5 million clients introduces the HFM Trading Classes, exclusive to their Africa traders, where new and experienced traders can learn strategies for all styles, skill levels and time frames from our team of experts!