Mohicans markets：MHM Today’s News
On Wednesday, spot gold rebounded before the U.S. market, rising nearly $50 from the daily low, and finally closed up 1.91% at $1,659.90 per ounce; spot silver rose with the U.S. dollar and finally closed up 2.74% at $18.88 per ounce.
Wall Street struggles amid soaring bond yields, Asian markets set to open lower
U.S. stocks rebound after hitting new lows on Tuesday. The US stocks gave up early gains and finished mixed as soaring rates continued to press on equities, sending the US dollar higher, while the fear gauge, CBOE Volatility Index, stayed above 32, the highest level since mid-June. The US 10-year bond yield rose to 3.98%, and the yield on the UK 10-year gilt hits 4.50%, both of which are the highest seen in October 2008.
Bed Bath & Beyond sees Q2 sales falling 20% amid debt struggles
A mountain of debt and strained relationships with merchandise providers could cripple Bed Bath & Beyond's attempt to bounce back. Therefore Debt is expected to be in focus when the struggling retail company Bed Bath & Beyond [BBBY] reports its second-quarter earnings on Thursday 29 September.
Boohoo shares endure eye-watering fall
Boohoo Group shares trade under the ticker BOO on the AIM market of the London Stock Exchange, and the company is a constituent of the FTSE AIM 100 Index.
Market’s risk-off mood recedes ahead of key data/events
Although the easing in yields and the US dollar allowed equities and commodities to pare recent losses, the global markets remain nervous as central banks remain hawkish and stay ready to intervene if needed. Global traders took a sigh of relief as yields retreated from the multi-year high, taking the US dollar with it. The consolidation phase also cheered the BOE’s rejection of intervention while paying little attention to the BOJ and the PBOC moves.
GBP Hit an All-Time Low against USD
The British pound fell to an all-time low against the US dollar early Monday after Treasury chief Kwasi Kwarteng pledged a sweeping package of tax cuts, fuelling concerns about the government’s economic policy as the United Kingdom teeters toward recession.
GBPUSD crash, fears from Russia propel risk-aversion, US dollar
Cable’s slump to the all-time low joined the fears emanating from Russia’s warning to use nuclear weapons, if needed, to begin the trading week on a negative note. The risk-aversion also took clues from PBOC and BOJ updates, as well as the latest round of hawkish Fedspeak and firmer US data.
Traders’ Mindset to Avoid in Order to Success
The mindset that is also dangerous is that traders always feel that their capital is limited. Many losers feel that they can be more successful if they can trade with more capital.
Mohicans markets ：0928 European Point of View
Wednesday, September 28, during the Asia-Europe session, this trading day will focus on the initial monthly rate of durable goods orders in the United States in August, and the annualized total sales of new homes in the United States after seasonal adjustment in August. Pay attention to the speeches of officials such as Chicago Fed President Evans and St. Louis Fed President Bullard, and pay attention to news related to the geopolitical situation.
09/28 Market report
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
Mohicans markets：Interest Rate Fears Weaken Risk Preference
At 20:35, the 2024 FOMC voting committee and Atlanta Fed President Bostic will participate in a Q&A at an event.
Australia stocks lower at close of trade; S&P/ASX 200 down 1.60%
Asian stock markets are trading mostly lower on Monday, following the broadly negative cues from global markets on Friday, as traders remain concerned the aggressive monetary tightening by global central banks to combat elevated inflation will push the global economy into a recession, rendering the mood in the markets extremely bearish. Asian markets closed mostly lower on Friday.
Japan stocks lower at close of trade; Nikkei 225 down 2.66%
The Nikkei 225 Index sank 2.66% to 26,431 while the broader Topix Index slumped 2.71% to 1,864 on Monday, closing at their lowest levels in over two months and taking cues from a negative lead on Wall Street, as risk assets remain under pressure from heightened inflationary pressures, rising interest rates and global recession fears. At the close in Tokyo, the Nikkei 225 declined 2.66% to hit a new 1-month low.
German Business Morale Falls by More than Expected in September - Ifo
The data from German Ifo institute showed that business sentiment fell further in September, warning that the economy is heading into recession.
Trading On Forex News Releases, An Important Skill for Traders
Related to trading news, the first thing you should know is what is the expected release that week.
MHMarkets：Gold Bulls Bet on a Rebound, Crude Oil Spot Price Long and Short Competition
On Monday, September 27, during the Asian session and the Asia-Europe session, spot gold fluctuated and dropped, extending the decline of last Friday, reaching a minimum of $1,626.60 per ounce, the lowest since April 7, 2020.
MHMarkets:Pay Attention to the Speeches of Fed Officials
☆At 15:30, the 2023 FOMC voting committee and Chicago Fed President Evans was interviewed by CNBC. Investors will need to be on the lookout for this hawkish call after three Fed officials have said they need to keep raising interest rates and slow the economy "moderately".
Take Profit in Trading and It’s Function
Take profit is actually the highest price limit or the profits that will be gotten by the foreign exchange traders in this case.
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