Weekly News 2022/09/05-2022/09/09
Index / Stocks / Crypto / Metals / Commodity & Futures / Forex
09/09 Market report
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
Mohicans markets：Follow Eurozone Central Bank Developments
Spot gold extended gains on Friday, September 9, testing its first upside target of 1727.34, with resistance at 1736.05. Spot silver’s primary resistance is at 19.32. WTI crude oil rallied briefly, watching for a challenge to first resistance at 85.16.
Live Forex Account and When is the Right Time to Use It?
The aim is to learn how the system Works and use it as a way to make their skill better.
Despite a 55% Drop in Trading Revenue, GKFX UK Narrows Its Losses For 2021
GKFX Financial Services Limited, Global Kapital Group's UK-based subsidiary, has released its financial results for the fiscal year 2021, which ended on December 31, 2018. Although the broker's yearly turnover from its trading company decreased, it dramatically reduced its losses.
Mohicans markets：Follow Eurozone Central Bank Developments
On Thursday, September 8, spot gold rose and then fell, backed below the $ 1710 mark, and finally closed up 0.53%, at $ 1708.59 per ounce; spot silver rallied and fell, and finally closed down 0.51%, at $ 18.42 per ounce.
Risk Assets Show Some Fight, But For How Long? Date: September 9th
With Europe set to tighten monetary policy dramatically today along with the Federal Reserve Chairman Jerome Powell’s press conference, risk assets are showing some fight. The question is how long can this last?
Mohicans markets：Focus on the European Central Bank Interest Rate Resolution
Spot gold extended its rally during the Asian and European sessions on Thursday, September 8, as the dollar index paused on its upward trajectory, limiting gold price declines. Cautious investors await the new ECB interest rate resolution and the Fed Chairman Powell’s upcoming comments later in the day. At 15:06 GMT, spot gold rose 0.26% to $1722.43 per ounce; COMEX futures gold main contract $1733.5 per ounce; the dollar index moved up 0.09% to 109.655.
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Mohicans markets：Fears of Market Recess ion Are High
On Wednesday, September 7, spot gold oscillated upward, approaching the $1,720 mark, and it eventually closed up 1.01% at $1,718.41 per ounce; spot silver stood at the $18 mark, eventually closing up 2.22% at $18.45 per ounce.
Mohicans markets：Europan Investment Research Viewpoint Focus on the Bank of Canada Interest Rate Resolution
During Asian and European sessions on Wednesday, September 7, spot gold shock weakness, once refreshing the four-day low to in the vicinity of $ 1691.31 per ounce. It is currently trading near $1703.64 per ounce; market expectations of a 75 basis point Fed rate hike in September climbed again, helping the dollar index to refresh more than 20-year highs. The U.S. bond yields higher, and most of the world’s central banks favor further interest rate hikes, are forming pressure on gold prices.
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Mohicans markets：Focus on the Australian Fed’s resolution and the U.S. PMI data in August
In early Asian trade on Wednesday, September 7, the dollar index was trading near 110.22; the dollar climbed on Tuesday and once again set a new two-decade high of 110.57 during the session, with the U.S. non-manufacturing activity index rising slightly to 56.9 last month from 56.7 in July, the second consecutive monthly rise after three months of declines, reinforcing the view that the U.S. is not in recession.
Skanestas Investments: Looking Forward with Key Milestones
Skanestas was founded as an EU-licensed company that was formed and continues to expand in accordance with EU regulations. Our vision of economic potential includes the opportunity to trade on the stock exchanges of the EU and the United States. Because we are situated in Cyprus, we have easy access to both.
WIKIFX REPORT: Will Amadeus IT Stock Make Another Push Higher?
Amadeus IT Group SA has risen higher in 8 of those 11 years over the subsequent 52-week period, corresponding to a historical accuracy of 72.73%. Looking at the technical picture of the Amadeus IT Group SA (BME: AMS) stock on our 4-hour chart we can see that, today, the share price managed to overcome a short-term tentative downside resistance line taken from the high of May 30th.
WIKIFX REPORT: Waiting For The Fraport AG Stock To Exit The Range
Looking at the technical picture of the Fraport AG (ETR: FRA) stock on our daily chart, we can see that from around the beginning of March, the share price is trading in a range, roughly between the 45.50 and 55.12 levels. Before entering the range, the prevailing trend was to the downside. The price is currently closer to the lower bound of that range, meaning that there is a good chance to see a breakout lower. That said, as long as the stock continues to stay inside that range, we will keep a neutral approach.
WIKIFX REPORT: US-Russia Trade War: Market Impact and Possible Outcomes
The Russia-Ukraine conflict has triggered turmoil in the financial markets, and drastically increased uncertainty about the recovery of the global economy. As Russia continues to wage war on neighbouring Ukraine, there’s a second war front that’s been wreaking havoc on the markets and will probably continue to do so even after the much-anticipated end of the war in Ukraine. The financial war unravels on a global scale and involves hefty tariffs, import and travel bans, and asset seizures between the West and Russia.
WIKIFX REPORT: U.S. oil output rises 1.7% June to highest since April 2020
U.S. crude oil production rose in June by 1.7% to its highest since April 2020, according to a monthly report from the U.S. Energy Information Administration on Wednesday last week
WIKIFX REPORT: This week we expect the PMI
The Service PMI release is published monthly by Markit Economics. The data are based on surveys of over 400 executives in private sector service companies.
WIKIFX REPORT: SNAP or PINS: Which social media stock is better buy now?
In the past two decades, social media has exploded in popularity, with billions of active users around the globe. This rapid growth would be thanks to the convenience it brings its users in staying connected with one another. What’s more, the industry continues to innovate, bringing new features to connect and entertain users in new ways. At the same time, social media stocks continue to garner plenty of attention nowadays.