WIKIFX REPORT: Target falls short in Q2 – the stock is down
This week, Target (NYSE:TGT) reported second quarter earnings of $0.39 per share, which is down 89% from last year’s earnings of $3.65 per share. The decrease in earnings is a result of charges related to reducing unwanted inventory. The report was made on its second quarter earnings results before the opening bell on Wall Street on Wednesday.
WIKIFX REPORT: USD/JPY PRICE ANALYSIS: RALLIES ABOVE THE 4-HOUR 200-EMA, CLOSES TO 136.00
The USD/JPY pair continues sharply in the North American session, breaking above its 50-day EMA, aiming towards the 136.00 figure, amidst a mixed market mood, with US equities fluctuating between gainers/losers. At the time of writing, the USD/JPY is trading at 135.87, above its opening price.
WIKIFX REPORT: US Indices hit three-month highs on solid Walmart earnings, meme stocks pump and dump
US got off to a flying start in Tuesdays session after retail giant Walmart (WMT.NYSE) reported much better results and forward guidance than the recently lowered expectations of analysts, sending the stock soaring over 5%, and dragging the whole consumer discretionary sector with it.
WIKIFX REPORT: The Aussie is in the “bearish” clutch
The "Aussie" is common forex trader slang for the Australian dollar, the official currency of the commonwealth of Australia. Also abbreviated as AUD/USD for the currency cross of Australia and the United States and it is the fourth most traded currency pair. AUDUSD is falling despite the rate expectations and statistics.
WIKIFX REPORT: Silver Demand Increasing With New Solar Tech
Generally, the global solar panel production has been growing over the last 10 years while the actual amount of silver in each panel is set to increase. A number of major technological changes on the horizon are set to kick industrial silver demand into overdrive. With silver being the single most conductive metal on the planet, solar panels efficiency is improved substantially by using larger amounts of silver.
WIKIFX REPORT: New micro oil options from CME Group
From the last two weeks ago, CME Group launched its new micro oil options . These weekly and monthly options will give investors from anywhere in the world access to the most liquid crude oil contract in the world. At iBroker you have them available now on all our trading platforms: Web, Mobile Apps, TradingView and Visual Chart for only 2.25 USD per contract
WIKIFX REPORT: CHINA’S BANKS SET TO CUT KEY RATES AMID COVID, PROPERTY SLUMPS – BLOOMBERG
Based on Expert expectations, reports shows that Chinese banks will likely trim their benchmark loan prime rates Monday for the first time in months to help spur borrowing demand and reverse a sharp slump in consumer and business sentiment,” per Bloomberg’s latest survey published on late Thursday.
WIKIFX REPORT: AUDUSD Correlation | A Top Currency Pair to Trade via CFD
The Australian dollar/U.S. dollar (AUDUSD) currency pairing is one of the most volatile currency pairs in the financial markets. From a volume-traded perspective, both are classified as major global currencies. This currency pair is ranked as the sixth highest pair for trading in the world, accounting for around 7% of all worldwide currency trades annually.
WikiFX report: AUD drops on Employment Figures
The Aussie Dollar has seen a drop in its price due to wage and unemployment data released over the past day and a half. The economic data shows that unemployment has fallen to its lowest level in nearly 50 years with the jobless rate at 3.4% compared to analysts expecting the figure to remain at 3.5%. Wages also rose modestly in the last quarter to 2.7%, however this is still a far cry from the 6.1% inflation figure. The AUD’s weakness came on the removal of 40,900 roles from the economy vs the previous month as opposed to expectations of a gain of 25,000. The report indicates that the labour market might just be starting to feel the pinch and that growth is beginning to slow. These figures give the RBA more flexibility in its next cash rate decision with the option for a 25 bps rise instead of 50 bps now being a realistic possibility after 3 consecutive 50 bps raises.
Mohicans markets ：Federal Reserve Officials Make Hawkish Remark Again Economic Recession and Increasing Production drag on Oil Prices
On Thursday August 18, spot gold gave back most of its gains from a high of $1,772.30,falling about $17 at one point and breaking below the $1,760 mark. It finally closed down 0.18% at $1,758.49 per ounce. Spot silver closed down 1.24% at $19.54 per ounce.The U.S. dollar index pulled up sharply in the U.S.session and broke through the 107 mark.
WIKIFX REPORT: ATFX expands services to LEVANT via new Jordan operation
ATFX announced its foray into the LEVANT region through a Jordan partnership with Amman-based brokerage & investment firm ASWAQ Invest (Emerging Markets or EMGCM).
WIKIFX REPORT: ATFX UK sees Revenues drop in 2021 as it ceases serving Retail clients
ATFX UK (or more formally AT Global Markets UK Limited), the FCA regulated arm of Chinese controlled retail FX broker ATFX, saw a slight decrease in Revenues is fiscal 2021 (year ended October 31, 2021), although by reducing costs the company was able to reverse the previous year’s net loss.
WIKIFX REPORT: ATFX Trading Volume Exceeded $400 Billion in Q1 2022
ATFX recently released its quarterly report for Q1 2022. The company's trading volume in the first quarter was 402 billion US dollars, and it maintained a high growth rate in the number of active investors. In addition, the broker recorded an improvement in the trading of individual assets such as energy and currency pairs. Overall, ATFX trading volume continued to lead the industry in the first quarter.
What’s Moving The Markets? Date: August 11th
This week all eyes the attention has shifted to critical news events coming out of the UK and US. Read our week ahead article today and find out Connor Woods’ opinion on this week’s events.
08/18 Market report
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
Mohicans markets：Gold and Silver Rise Weakly The Gravity of Oil Prices Moves Down
Spot gold was narrowly ranging during the pressure session on Thursday,August,18,continuing to be limited by the pivot point at 1766.24.Spot silver was lower below the pivot point at 19.87, with primary support at 19.43.
GemForex - EUR/USD
EURUSD Forecast: Vulnerability ahead of fresh EZ economic data, FOMC
Mohicans markets：Excessive Rate Hike Worries Support Gold Prices Falling Crude Inventories Boost Oil Prices
On Wednesday August 17, spot gold rose to a daily high of $1782.16 before plunging about $23, once falling below the 1760 mark. It eventually closed down 0.78% at $1761.68 per ounce. Spot silver followed gold lower and fell below the $20 mark. It finally closed down 1.77% at $19.79 per ounce.
WIKIFX REPORT: Ronaldinho joins Olymp Trade as an ambassador
The worldwide famous football player has now joined a new team with a goal to attack the financial market
WIKIFX REPORT: How online trading can beat fuel price hikes and inflation – CMTrading
Online trading is booming. Despite market conditions during the first half of 2022, there’s never been a better time to get involved with the financial markets.