Forex Market Wrap: 17th February
Last week the market was dominated by US data including Consumer Price Index (CPI), Retail Sales and Producer Price Index (PPI). Investors were keen to see if inflation had turned considering the recent comments from the Federal Reserve. Fed Chairman Powell had commented on being in a deflationary environment by remaining flexible. They may have to be flexible now as investors will see this recent strong data as a move for the Fed to hike rates for longer. This caused the USD to strengthen this week in line with our week ahead analysis.
European Stocks Higher; Positive Company Revenue Increases Sentiment
A European option is a version of an options contract that limits execution to its expiration date. European stock markets traded higher on Thursday, as investors assessed the strength of global markets while digesting a deluge of mostly healthy corporate earnings.
Most Important Economic Indicators in Forex Market
It is very potential to predict the direction of the economy, Important economic indicators are leading in nature that are often noticed are ranging.
Mohicans markets：MHM European Market
On Friday, February 17, the international gold price continued to fall and hit a new low of $1823.19/ounce since the end of December last year, because investors were worried that the Federal Reserve would further raise interest rates after a series of strong economic data were released. The price of gold is $1788.
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Mohicans markets：MHM Today News
On Thursday, affected by the stronger-than-unexpected PPI data, the spot gold once fell below the 1830 level, and then recovered. However, the hawkish statement of the Federal Reserve officials said that gold "added another knife", and finally closed up 0.02% at 1836.32 US dollars/ounce; Spot silver closed 0.19% lower at $21.58/ounce.
02/17 Market report
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
Forex News Trading Strategy: The Ultimate Guide
Do you find yourself struggling to make sense of the forex market’s crazy twists and turns? Well, fear not, NEWS TRADING might just be the answer to your trading woes. The addition of economic announcements to technical and charting analysis can be extremely beneficial for traders and strengthen their trading strategies. Because, in the world of forex, things can change faster than a chameleon on a rainbow. So, grab your reading glasses and a cup of coffee, it's news trading time!
Mohicans markets：MHM European Market
During the Asian session, the rebound of spot gold was blocked. It had rebounded to around $1842.5 before, and now dropped to around $1836. Although some bargain-hunting and safe-haven buying supported the gold price, recent economic data boosted the bet that the Federal Reserve would further raise interest rates to combat high inflation.
Extension analysis: how much higher can the FTSE 100 go?
The FTSE 100 Index rose above 8,000 points intraday for the first time, with gains in heavyweights and a drop in sterling boosting the UK’s large-cap stock index on Wednesday.
European stocks mixed; Barclays reports slump in profit
European stock markets opened mixed Tuesday as traders reacted to company earnings and assessed the outlook for US interest-rate hikes. European stock markets traded in a mixed fashion Wednesday, with investors digesting inflation data from both the U.S. and the U.K., while banking giant Barclays reported a sharp slide in annual profit.
BitForex Launches Blur(BLUR) at 12:00 on February 15th, 2023 (GMT+8)
To all readers This is to serve as an announcement for the new trading pair listed by BitForex which the broker did on 15th February 2023, as stated in their website with details below: The broker is delighted to announce the listing of Blur(BLUR) on BitForex and open the spot market for BLUR/USDT.
Mohicans markets：MHM Today News
On Wednesday, spot gold fell sharply after rising to the high of $1860.08, falling nearly $30 at one time, and finally closing down 0.99% at $1835.96 per ounce; Spot silver fell 1.05% to $21.62 per ounce.
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Everyone who joins this business must have the knowledge to run it. It is because the forex business is influenced by some factors, especially the global situation.
02/16 Market report
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
WCG Markets:2023-02-16
WCG Markets:2023-02-16
Forex Risk Reward Ratio: How much to risk when trading Forex?
It should be apparent at this point that losses are an inescapable aspect of forex trading. Regardless of your experience level or profitability, there will inevitably be times when the market’s erratic fluctuations work against you. Yet, you might wonder what makes successful traders take only manageable risks. Essentially, factoring in your targets and keeping an eye on the Risk Reward Ratio (RRR) typically pays off!
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How Global Events Affect the Forex Market
Stay ahead with our latest analysis on how world events impact the Forex market. Read now for unique insights geared to help you make better trading decisions.
Mohicans markets：MHM European Market
Although the year-on-year growth rate of CPI in the United States in January hit a new low in nearly a year and a half, the month-on-month growth rate reached a new high, hitting that the inflation prospect in the United States is severe. The market generally raised the expectation of the Federal Reserve's terminal interest rate and the time when it will maintain a high interest rate level in the future, which made the pressure on the gold price obvious.