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Forex (foreign exchange) refers to trading foreign currencies. In getting to know forex trading, where another name for forex can be referred to as foreign currency or even forex.
WIKIFX REPORT: USD slumped as Unemployment Rate Rises
The United states dollar index or it is also known as DXY was down more than 1.6 percent to the 111.10s range. That was occured when this news was written in Friday's (4/November)
WIKIFX REPORT: Powell Blazes Speculation of a Slow Down in Rate Hike
Fed Chairman, Jerome Powell, yesterday said that it was too early to talk about a slowdown in the pace of rate hike. It is as there was "no sign of inflation declining" seen so far.
WIKIFX REPORT: Dollar Ahead, Sterling Falls due to UK recession
The greenback became the champion of the forex market on (3/November). It was following the announcement of the Federal Reserve and Bank of England meetings result.
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Mohicans markets：11.07--MHM European Perspective
On Monday, November 7, Beijing time, spot gold opened low after narrow oscillation in early trading of Asian market, and is currently trading near $ 1672.25 per ounce; on Friday a number of Federal Reserve officials said they would narrow the pace of interest rate hikes, helping gold prices rose sharply, but encountered resistance near the high of 1683.83 in October 11.
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Mohicans markets：MHM Today’s News
On Friday, November 4, the U.S. non-farm payrolls report for October failed to strengthen the Fed's hawkish interest rate hike expectations, the dollar index fell below 111, closing down 1.947% at 110.81, which was the largest single-day decline since March 2020. The euro broke through 0.99 against the dollar, soaring more than 2% during the day; the Australian dollar surged nearly 3% against the dollar; the dollar fell below 147 against the yen.
WIKIFX REPORT: Week Ahead: US CPI the highlight in a quiet week of risk events
After the glut of central bank meetings over the past couple of weeks, we have a quieter upcoming calendar. It’s certainly been volatile with hopes we were reaching the point of peak hiking trumped by a reality check from the Fed. The world’s most important central bank hiked rates as expected with a fourth 75bp move. But this was accompanied by a hawkish message from Chair Powell in his press conference.
WIKIFX REPORT: Three markets to watch next week
The Fed meeting as well as the US NFP report for October are already behind us but it does not mean that the next week will be in any way boring. Traders will be offered US CPI reading for October. On top of that, US midterms elections will take place on Tuesday. Be sure to watch US500, GOLD and GBPUSD next week!
WIKIFX REPORT: The US dollar’s surge strengthens its global dominance amid search for safety
The market turbulence triggered by runaway inflation, fears of a global recession and the war in Ukraine seems to have halted the slow erosion of the US dollar’s dominance.
WIKIFX REPORT: Stocks and gold bounce, US non-farms ahead
Headlines *US job growth seen smallest in two years, unemployment rate to tick up *RBA cuts growth outlook, rates need to rise to cool red hot inflation *USD ascendant, GBP slumps on lower rate expectations, bleak outlook *Tech, reopening stocks lead best China weekly rally in years
WIKIFX REPORT: DraftKings tumbles 27.0% despite upbeat quarterly results
DraftKings (DKNG.US) shares plunged over 27.0% on Friday despite the fact that the sports betting company raised its financial forecasts for 2022 and reported a smaller-than-expected quarterly loss and revenue that beat analysts’ estimates.
WIKIFX REPORT: CHANGES IN THE TRADING SCHEDULE ON NOVEMBER 7
A recent announcement was made by freshforex broker to inform their clients and general public regarding their change in the trading schedule, mentioning that users should note that the current trading server time corresponds to Eastern European Time (EET) — UTC+2.
WIKIFX REPORT: BREAKING: WTI oil rallies 4.5%
During Friday's session OIL. WTI price rose 4.5%, which is related to weakening of the US dollar and upbeat news from China. From a technical point of view, price jumped above the upper limit of the ascending channel that has acted as a significant resistance in the past.
WIKIFX REPORT: Another FED Hawkish 75bp Hike Rates
Fed hiked rates by 75bp as highly expected. Powell delivered a hawkish message, emphasizing the need to tighten financial conditions further. We have not seen Fed make significant progress towards its goals over the past month. It is expected that a 50bp hike will come in February in addition to our earlier forecast for one more 75bp hike in December. Markets took FOMC statement not seriously, but the move faded during the press conference and EUR/USD declined below pre-meeting levels while 2y UST yield rose around 6bp. The forecast for EUR/USD is maintained at 0.93 in 12M.
WIKIFX REPORT: All Eyes on Fed Chair Press Conference
New Zealand's unemployment number (Q3) released earlier on 2nd November has come in higher than expected of 3.2% yet in line with the previous of 3.3%, while German unemployment levels stabilized as expected at 5.5%.
Mohicans markets：11.04-MHM European Market
On Wednesday (November 2, Beijing time), in the morning of Asian market, spot gold rebounded in shock, rising more than 1% to a two trading day high of 1648.48 US dollars/ounce.
11/04 Market report
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
Mohicans markets：MHM Today News
On Thursday (November 3), the dollar index stood at 113, the first time in nearly two weeks, rising 0.785% to 113.01. After the announcement of the Bank of England's resolution, sterling accelerated its decline against the US dollar, hovering around 1.1155 at the end of the day, and fell more than 2% within the day.