Wall St slips as job openings dampen Fed pivot hopes
Wall Street’s main indexes slipped on Tuesday after data pointed to strength in the labor market, dampening hopes that the Federal Reserve will signal an easing of its aggressive interest rate hikes.
Oil up more than 1% as weaker dollar offsets China concerns
Oil prices rose on Tuesday, recouping losses from the previous session, as a weaker U.S. dollar offset widening COVID-19 curbs in China that have stoked fears of slowing fuel demand in the world’s second-largest oil consumer.
US Oil: Is it about to blow up?
Crude oil prices fell below $80 in week 43, and commuters all over the world saw hope of relief at the pumps. But that short-term bearish run came to a quick end, and it now seems it’s a little too early for optimism.
How To Get Big Profit From Forex Trading Investment
Forex trading is an activity of trading two different foreign currencies with the aim of profiting from these activities. Forex trading profits will come from the difference between the two values of the currency you choose.
Mohicans markets：11.03-MHMEuropean Market
In the morning of Asian market on Thursday (November 3), Beijing time, spot gold fluctuated in a narrow range. At present, it is trading near 1637.10 US dollars/ounce. The US dollar index fell slightly on Thursday, prompting some gold bears to take profits and providing some support for gold prices.
Mohicans markets：MHM TODAY NEWS
On Wednesday (November 2), under the influence of the Federal Reserve's interest rate resolution, the dollar index fluctuated sharply, falling below 111 after the resolution was announced, but Powell rebounded sharply after his speech, breaking 112, and finally ended up 0.511% at 112.13.
Wednesday briefing: From DXY, Gold to Latest FX Headlines; Nov 02, 2022
US Dollar Index Overview
U.S. dollar rises as Fed likely doing another big hike; sterling sinks
The dollar gained across the board on Monday, regaining some of the luster it lost earlier in the month, bolstered by expectations of another supersized rate increase at this week’s Federal Reserve monetary policy meeting.
Tuesday Briefing: From DXY, Gold to latest FX Headlines; Nov 01, 2022
US Dollar Index Overview
Mohicans markets：11.02-European perspective
On Wednesday (November 2), Beijing time, in the morning of Asian market, spot gold fluctuated in a narrow range. At present, the trading volume is around 1650.63 US dollars/ounce. This trading day will usher in "small non farm" - the US ADP employment data and the US Federal Reserve interest rate resolution.
Mohicans markets：MHM Today News
On Tuesday (November 1), the dollar index fell below 111, closing 0.036% lower at 111.56, as the market expected the Federal Reserve to indicate that the pace of interest rate increase would slow down from December. The euro rose 0.7% against the US dollar and broke through 0.99, but the US stock market missed this threshold and gave up all its gains. The British pound rose nearly 100 points against the US dollar at one time, but failed to reach the 1.15 mark in intraday decline.
Plus500 Is Launching A New Share BuyBack Programme
Plus500 Ltd, a retail Forex and CFD broker, said today that it would launch a fresh share repurchase program worth up to $602 million.
NZD/USD leads the bulls as US dollar, yields retreat ahead of Fed
Global markets turned surprisingly optimistic during early Tuesday as a pullback in the US Treasury yields joined chatters about a slower Fed rate hike from December. With this, the US dollar prints the first daily loss in four, which in turn adds strength to the rebound in prices of commodities and Antipodeans.
AUDUSD holds mild gains even as markets turn cautious ahead of key central bank meetings
Global markets appear dicey as traders await the all-important central bankers amid fears that the neutral rate is near. The risk profile appears somewhat blurred even as stock futures drop and the yields grind higher.
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Mohicans markets：11.01-MHM European Market
On Tuesday November 01, Beijing time, in the early afternoon of the Asian market, spot gold bottomed out and rebounded. Earlier, it gained support near the 1630 gate. At present, it is trading near 1641.56 dollars/ounce. Asian stock markets generally rose, which depressed the demand for safe haven purchases in the U.S. dollar.
Mohicans markets：MHM Today’s News
On Monday (October 31), the "mouthpiece of the Federal Reserve" issued another document, triggering hawkish expectations of interest rate increases. The dollar index rose back to 111, closing 0.822% higher at 111.6. However, the dollar index still fell 0.5% in October. EURUSD fell to below 0.99; Sterling fell more than 1% against the US dollar, falling below the two thresholds of 1.16 and 1.15; USD/JPY continued to rise close to 149.
Forex Concepts That Always Make You Win
Today In this article, we’ll cover the concepts of Support and Resistance, Entry and exit levels, and Trading with leverage and a system. Hopefully, these ideas will help you make money in forex. But before we get started, let’s look at some of the basics. Remember: the basics are the foundation of any successful trading strategy.
Effects of Quantitative Easing on Foreign Exchange Movements
Most currency trading is done by banks, either on their own behalf or on behalf of customers. They also trade with counterparties, which could be other financial institutions or non-financial organizations. 89 percent of currency trading occurs through the dollar, which is used as a vehicle currency. For example, if you want to go from the Malaysian ringgit to the South African rand, you must pass through the dollar.
Tempted To Buy The Dip On Tech Stocks? FOMC Will Reveal If It Is Time
Fed officials are planning towards another interest-rate rise of 0.75 percentage points at their coming meeting this week and are likely to debate then whether and how to signal plans to approve a smaller increase in coming meetings if inflation shows a sign of moderating.