WIKIFX REPORT: Market Spotlight: EURJPY Longs Triggered
The latest EURJPY lengthy concept has triggered on a break of the 140.82 degree, following the reversal off the 137.74 degree and bullish development line. Price is fast approaching initial target at 143.80 where traders should monitor price action given the resistance we’ve seen here previously. Look to stay along above 140.82 targeting 149.83 in the longer-term. MACD is close to switching positive here, suggesting further bullishness to come.
WIKIFX REPORT: Daily summary: Dollar regains upper hand
Gold fell more than 1% on Wednesday as the dollar regained traction and made bullion less appealing for other currency holders, while markets looked ahead to U.S. jobs numbers for clarity on the Federal Reserve’s rate hike path.
Could silver stay above $20 after breaking the 50-day moving average?
It was On Monday, October 3, silver rose 7.2% to $20.3 per troy ounce, marking its second-best session so far this year and boosted by a recently weakening US dollar (DXY).
WIKIFX REPORT: BREAKING: US crude stocks drop unexpectedly
Oil prices rose on Wednesday following unexpected drawdowns in U.S. crude and fuel stocks, outweighing downward pressure from the continued strength in the U.S. dollar. This was as result of Publication of report from the US Department of Energy to caused some moves on the oil market. Crude inventories fell unexpectedly, while gasoline stockpiles dropped more than expected.
WIKIFX REPORT: A Turning Point for Policy
A turning point is a time at which an important change takes place which affects the future of a person or thing. With that, The RBA surprised markets this week by slowing the pace of rates increase, opting for a 25bp move against expectations of a 50bp increase. Meanwhile, the RBNZ continued to show a heavy hand against domestic inflation pressures, having delivered a fifth consecutive 50bp rate hike.
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Are the Markets Pricing in Max-Hawkishness? Author – Connor Woods, Senior Market Analyst Date: October 6th
The start of Q4 has proven fruitful for the traders who believe max-hawkishness is here. Indices like the S&P500, NASDAQ100, and Dow Jones are all up this week and performing extremely well. Furthermore, the dollar is down. Is this the start of a U-turn in the markets?
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10/06 Market report
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
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The week ahead: The Dollar keeps dictating the markets
Week Ahead – New Quarter, Same Volatility? Author – Connor Woods, Senior Market Analyst Date: October 2nd – October 7th
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Mohicans markets：Hitting Exhibition| See the Grand Occasion of Dubai Exhibition!
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Mohicans markets：0930 European Market Viewpoint
On Thursday, September 29, during the Asia-Europe period, spot gold fluctuated and rose, and is currently trading around $1,673.02 per ounce. U.S. crude oil rebounded from a low level and is currently trading around $81.28 a barrel, recovering a sharp overnight gain.
Mohicans markets ：MHM Today’s News
On Thursday, spot gold first fell and then rose. The US market once rose to a high of $1,664.78, and finally closed up 0.04% at $1,660.57 per ounce; spot silver finally closed down 0.34% at $18.82 per ounce.
The Euro rebounded from the low. Overview for 29.09.2022
A decline in the euro to 0.9646 in the first half of the day triggered a false breakout and a buy signal. As a result, the pair' rose by 60 pips. After reaching 0.9695, bears tried to take control of this level, which led to a sell signal. It was After updating its multi-year lows again, the major currency pair rebounded. The current quote for the instrument is 0.9656.
Japanese Candlesticks Analysis 29.09.2022 (XAUUSD, NZDUSD, GBPUSD)
At the moment, the asset may reverse in the form of a new descending impulse. In this case, the downside target may be at 1615.00.