Mohicans markets：Waiting for the Fed to Signal More Rate Hikes Oil hits New Lows on Iran Nuclear Deal
On Monday August 15, spot gold shocked to the downside and once fell toward the $1,770 barrier, eventually closing down 0.24% at $1,775.60 per ounce. Spot silver followed gold to the downside, closing down 0.65% at $20.14 per ounce.
WIKIFX REPORT: Exness Group appreciates 20 partners with special treats in Lagos
Exness Group, one of the world’s largest multi-asset brokers, has hosted 20 of its valued partners in Nigeria for a three-day special appreciation treat to boost customer relationships.
WIKIFX REPORT: IronFX to Open R&D Centre in Mumbai
The Forex trading giant, IronFX, is planning to open a new high-capacity research & development centre in Mumbai to develop state-of-the-art trading technologies.
WIKIFX REPORT: IronFx Update: Mired in Controversy, the Troubled Broker Continues to Fight
IronFX, mired in controversy, continues to be the poster child for how a high-flying forex broker can be brought to its knees by its own aggressive marketing tactics. But wait a minute. This broker has refused to throw in the towel. It may be late in the fight, but the management at IronFX battles on through the courts, while maintaining as low a profile in the press as possible. The latter effort has been a challenge, as investigative reporters from around the globe have tried their best to zero in on the facts. Unfortunately, for their readers, “the facts” have been mysteriously few and far between.
WIKIFX REPORT: Trading World Cup: IronFX's Homage to the FIFA World Cup
IronFX is pleased to announce the launch of its new trading competition, The Trading World Cup. The forex competition starts on the 1st of July and ends on the 30th of September 2022. The Trading World Cup celebrates football and will reward the top traders of the competition with 30 FIFA World Cup Experience packages and cash prizes, all from a $150,000 prize pool.*
How Much Forex Capital Markets Should You Own?
Capital always uses money in cash. As well as in the forex market. However, all of you should know that capital is differentiated into two types. Thus, traders should know some type of capital in forex.
GemForex - weekly analysis
Analysis for the week ahead: Markets remain worried by global recession fears
Mohicans markets：Gold 'bearish engulfing' Eyes on Important Support Crude Oil Bears Turns To the Geopolitical Situation Again
On Tuesday, August 16, spot gold in the Asian session was under pressure below the pivot point at 1783.26, and the first support was at 1771.68. Spot silver was also in a bearish trend, hitting an intraday low and then rebounding. It is currently testing the first resistance at 20.21. WTI crude oil fell below the pivot point of 88.65. The US dollar index finished higher and fell, or found support at 106.47.
An Expert Offers His Top 10 Suggestions for Effective Forex Trading
Fred Razak, Chief Trading Strategist from CMTrading, has been trading on the financial markets for well over 20 years. And as Africa’s largest brokerage celebrates its 10th anniversary, Razak shares some of his top tips for aspiring traders.
Mohicans markets：Risk Aversion Boosted Dollar Draft of Iran Nuclear Deal Released
On Monday, August 15, spot gold fell sharply since the Asian session, falling below the $1,800 mark and once fell nearly $30, and finally closed down 1.25% at $1,779.87 per ounce; spot silver fell with gold, closing down 2.65 %, at $20.27 an ounce.
WIKIFX REPORT: UZBEKISTAN RESTRICTS ACCESS TO UNLICENSED FOREIGN CRYPTO EXCHANGES
Under the regulations, cryptocurrency exchanges must be licensed in Uzbekistan. From January 1, 2023, Uzbek citizens and companies are legally permitted to conduct transactions only with licensed cryptocurrency exchanges, NAPP said. The Uzbekistan government announced restrictions on access to several big global cryptocurrency exchanges as they are allegedly carrying out unlicensed activity on 10th August.
WIKIFX REPORT: US stocks give up early gains as bulls fail to hold key support and yields rise
US indexes finished mixed with early gains on a post CPI honeymoon and a soft PPI were erased during the session as investors realised they may have become too optimistic about a Fed pivot, with the drift lower in risk coinciding with a sharp rebound in bond yields.
WIKIFX REPORT: UK Summer Bank Holiday Schedule – 2022
The Summer Bank Holiday (England and Wales) takes place on the last Monday of August. Yet, this wasn't always the case. Along with Scotland and Northern Ireland, England and Wales celebrated the Summer Bank Holiday on the first Monday of August.
WIKIFX REPORT: NZD RALLY CONTINUES
NZD/USD has posted strong gains today. In the North American session, NZD/USD is trading at 0.6452, up 0.75% on the day. It has been a banner for the kiwi, which has jumped by a massive 3.37%.
WIKIFX REPORT: Malaysia Q2 GDP Surges 8.9% in Post-Pandemic Boom
Malaysia’s economy grew at the fastest clip in a year, fueled by a surge in consumption underpinning the recovery of services and manufacturing, boosting the central bank’s scope to focus on fighting inflation.
WIKIFX REPORT: Gold Loses Some Sheen as Hawkish Fed Outweighs Softer Inflation
Inflation has been the topic if discussion recently as the prices retreated on Friday, as hawkish comments on interest rate hikes by the Federal Reserve outweighed optimism over signs of cooling U.S. inflation.
WIKIFX REPORT: Gold Holds its Own After Wrecker-Ball of U.S. Jobs Report, Dropping Just 1%
While those in the gold market began Friday’s trading, the ominous question was whether the yellow metal’s prices will survive another wrecker-ball of a U.S. jobs report?
WIKIFX REPORT: GBP/USD LOWER ON GDP
GBP/USD has come under fresh bearish pressure and declined below 1.2200 in the early trading hours of the European session on Friday. The pair stays within a touching distance of the key support that aligns at 1.2175 and a failure of this level could bring in additional sellers.
WIKIFX REPORT: FIVE STATE-OWNED CHINESE COMPANIES TO DELIST FROM NYSE
Five state-owned Chinese companies, including the country's leading energy and chemical company, have chosen to delist from the New York Stock Exchange by the end of August.
WIKIFX REPORT: Fed’s Bowman: more 75 basis-point hikes should be on the table
The U.S. Federal Reserve should consider more 75 basis-point interest rate hikes at coming meetings in order to bring high inflation into next year for necessities including food, housing, fuel, and vehicles.” The Fed governor also noted that crypto assets “could benefit from more regulatory clarity.”