GemForex - weekly analysis
Consolidation for the week ahead: US inflation report to cast light on the Fed’s trajectory
WIKIFX REPORT: FVP Trade securities fraud warning from Canada
FVP Trade has received a securities fraud warning from Quebec, Canada.
Mohicans markets ：The Fed continues to raise interest rates sharply and is expected to be boosted again, beware of further efforts by gold and silver bears
On Monday, August 8, spot gold traded below the pivot point at 1776.69 in the Asian session. If it can break through and stand above this level, it may further open up the upside. Spot silver has turned bullish and is currently testing the first resistance at 19.95. WTI crude oil rose slightly, and watch the resistance at 90.26 near the current price. The dollar index failed to test the first resistance at 106.82, and then fell back.
WIKIFX REPORT: Standard Bank fined more than £350,000 for serious failings
The Isle of Man Financial Services Authority says Standard Bank Isle of Man acted in breach of an order issued by the Island's courts.
WIKIFX REPORT: Standard Bank warns of new tax scam targeting customers
South Africa’s biggest bank by total assets, Standard Bank is warning customers of a new tax-related scam doing the rounds as tax season gets into full swing.
WIKIFX REPORT: Standard Bank Group of South Africa leads the banking pack in Africa
Africa’s biggest bank by assets, Standard Bank Group, has retained its seat at the top of the banking pack in Africa.
WIKIFX REPORT: Standard Bank announces Africa Trade Barometer
Standard Bank has launched Africa Trade Barometer, which is expected to become Africa’s leading trade index.
WIKIFX REPORT: Mozambican Central Bank Extends Standard Bank’s Suspension from the Interbank Foreign
The Bank of Mozambique announced today that Standard Bank will continue, for another 12 months, barred from participating in the interbank foreign exchange market, one year after the regulator suspended the institution in this type of operations for “serious violations”.
WIKIFX REPORT: FSCA warns the public against Invest Markets and 24Option.com
The Financial Sector Conduct Authority (FSCA) warns the public to be cautious when doing any financial services business with Invest Markets and 24Option.com which are not authorised to give any financial advice or render any intermediary services in terms of the Financial Advisory and Intermediary Services Act, 2002 (FAIS Act).
WIKIFX REPORT: 24Option Owner Fined By Dutch Regulators
Rodeler Limited, the company behind 24option.com, has been fined €15k for failing to comply with an investigation by the Dutch financial supervisory authority. The regulator decided not to impose the maximum penalty of €2 million, citing the company’s current financial condition. Read on for the details.
WIKIFX REPORT: GO Markets introduces HKEX shares
The regulated Australian broker GO Markets has included Hong Kong market assets into its offering, in addition to the previously available ASX and US shares. GO Markets started offering stocks of leading companies, such as Alibaba, Bank of China and Tencent Holdings.
Mohicans markets : Strong Jobs Data Eases Recession Fears The Fed May Continue to Raise Interest Rates Aggressively to Boost the Dollar
On August 05, last Friday, driven by the non-agricultural data, the US dollar index rose sharply by nearly 100 points in the short-term, and closed up 0.775% at 106.58. The 10-year US bond yield exceeded 2.8% after the non-agricultural announcement. The inversion of U.S. 2-year and 10-year Treasury yields widened to 45 basis points, the highest since August 2000.
08/08 Market report
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
Saxo Bank's Month Of July Volumes Has Reached $322 Billion
Saxo Bank, a Danish supplier of FX and CFD trading services, just revealed its volumes for July 2022. The business had monthly volumes of $322 billion during the reporting period, compared to $398.8 billion in June 2022
Weekly News 2022/08/01-2022/08/05
Index / Stocks / Crypto / Metals / Commodity & Futures / Forex
Weekly News 2022/08/01-2022/08/05
Index / Stocks / Crypto / Metals / Commodity & Futures / Forex
Double Bottom Pattern: A Guide to Better Forex Trading
Trading momentum can come from anywhere, and buyers are the only people who control the way they trade. If they can't make their own decisions, don't expect such a trader to make a profit. There are only losses and finances go down.
Mohicans markets ：Recession risk heightens UK rate hike by 50bps Markets expect U.S. job growth to slow
On Friday, August 5, spot gold failed to test the first resistance at 1795.82 many times during the Asian session. If it breaks through this point in the market outlook, it will further open up the upside. Spot silver is concerned about the first resistance at 20.35. WTI crude oil station is on the pivot point, and the primary resistance is 90.26. The dollar index is hovering near the pivot point. If it is confirmed to stand above 105.93, the first resistance will be 106.06.
Commodities Trading: Benefits of trading commodities with AximTrade
It’s been a challenging few months for investors, with growth stocks losing momentum, a wider stock market decline, and cryptocurrency prices plummeting, hindering portfolio growth. But is there any viable asset left to trade? What if I told you that commodities trading has been around since ancient civilizations, with many investors still profiting from it in the modern age?
Mohicans markets ：Employment data growth slows down, waiting for the non-agricultural report, Iranian crude oil returns to the market, oil prices are under pressure again
The U.S. dollar index accelerated after the release of the U.S. jobless claims data. U.S. stocks fell below 106 in early trading and closed down 0.59% at 105.75. The 10-year U.S. bond yield fell below the 2.7% mark. Precious metals moved higher, driven by the fall in the dollar. Spot gold broke through $1,790 an ounce, continuing to hit a new high since July 5, and closed up 1.47% at $1,790.98 an ounce; spot silver held steady above the $20 mark and closed up 0.58 %, at $20.17 an ounce. Crude o