Mitrade Review
Mitrade is an award-winning broker that was founded in Melbourne, a major city in Australia, by a team of fintech and financial trading industry veterans. Mitrade is regulated by multiple governmental bodies, and the broker says its goal is to make trading more “simplified” and “user-friendly.”
STARTRADER Secures 4 Awards at ProFX Awards Ceremony
In an honorable moment, STARTRADER has received 4 prestigious awards at the ProFX Awards ceremony held on 31 May 2024, Queen Elizabeth 2 Hotel in Dubai, UAE.
Rate Cut Hopes on the Line: NFP Set to Steal the Spotlight!
The US ISM Manufacturing PMI came in at 48.7 for May, below the forecast of 49.8 and the previous reading of 49.2. The main reasons for this stagnant reading are ongoing weak demand, which affects supplier orders, inventories, capital investments, and employment. In May, ADP Nonfarm Employment Change have increased 152,000 jobs, which was below the forecast of 173,000 and down from the previous month's 188,000. The US ISM Non-Manufacturing PMI for May exceeded expectations, registering 53.8...
All Eye on Today’s U.S. PCE
Investors are eagerly anticipating today’s U.S. Personal Consumption Expenditures (PCE) data for further insights into the dollar’s trajectory.
Today's analysis: U.S. Jobless Claims High, Gold Faces Resistance at $2350 Amid Economic Data Focus
XAU/USD is expected to decrease as U.S. Continuing Jobless Claims hit their highest since late 2021, with 1.84 million people still receiving benefits. Despite a drop in new claims to 233k, focus shifts to core PCE data, predicted to fall to 2.6%. The RSI indicates strong selling pressure. Gold's support is at $2300, with potential drops to $2277. A rise to $2350 targets resistance at $2387 and $2400.
Financial News Today
Market Review | June 28, 2024
Insights for Today’s Market
Market Review | June 28, 2024
【MACRO Aler】Energy and food issues both face challenges,How to address potential supply crises and price fluctuations?
Brent crude futures prices fell slightly during the Asian trading session, affected by an increase in U.S. crude oil inventories; the rise in U.S. Strategic Petroleum Reserve (SPR) stocks does not affect commercial statistics. At the same time, fighting near the Khartoum refinery in Sudan has affected crude oil exports, and a fire at the Dangote refinery in Nigeria has been controlled and a new unit has been launched. The global tanker fleet faces a risk of supply shortage. The agricultural comp
Japanese Yen Trades to New Low in Decades
The Japanese Yen plummeted to its weakest level since 1986 at 160.87 against the greenback, the currency pair has lost more than 12% this year
Stock Trading Explained: Understanding Long and Short Positions
Investing in the stock market can be a rewarding venture, but it comes with its own set of complexities and learning curves. For beginners, the terms "long" and "short" might seem confusing at first. However, understanding these concepts is crucial for anyone looking to buy and sell stock effectively. This guide will walk you through the essentials of long and short stock positions, providing clarity and confidence in your trading journey.
Today's analysis: USDJPY Forecast Bearish Outlook as Overbought Conditions Signal Potential Decline
USD/JPY has reached unprecedented highs amid strong retail sales data in Japan but faces technical challenges with overbought conditions and potential resistance at recent highs. Fundamental concerns over yen depreciation and its economic impacts may influence future movements, prompting market participants to monitor closely for potential corrections.
Today’s Economic Outlook
Market Review | June 27, 2024
Market Insights Today
Market Review | June 27, 2024
【MACRO Insight】Recent Bloomberg survey warns of high leverage and exchange rate volatility in the Japanese stock market—caution urged for potential central bank market adjustments!
Overall, most economists predict that the Bank of Japan may raise interest rates in July and announce a quantitative tightening plan, while remaining cautious about the risks of high leverage in the stock market and fluctuations in the yen exchange rate. Despite a 12% decline in the yen this year, Japanese officials have only issued verbal warnings, with expectations that they will decide on forex market intervention based on Friday's US PCE price index. Economists and analysts urge investors to
CWG Markets Invites You to Attend the 2024 Paris Olympics!
CWG Markets invites users to attend the 2024 Paris Olympics with a luxurious viewing package, including tickets to the opening ceremony, closing ceremony, and multiple top-tier events. This is an excellent opportunity to experience a top sports extravaganza by winning through trading!
Dollar Strengthen on Upbeat Economic Data
On the back of the upbeat CB Consumer Confidence reading of 100.4, several Fed governors issued hawkish comments on upcoming monetary policy, which ultimately bolstered the dollar's strength. Despite the Fed's hawkish outlook, the U.S. equity market rallied, driven by Nvidia, the AI bellwether company, which rose approximately 7%, fueling gains in the Nasdaq and S&P 500
Market Updates Today
Market Review | June 26, 2024
Today's analysis: XAU/USD Drops as U.S. Bond Yields Rise and Hawkish Fed Comments Emerge
U.S. bond yields rose, and the dollar recovered after hawkish Fed comments, causing gold prices to fall from $2,334. The Fed expects high inflation to persist, delaying rate cuts. Traders await the PCE Price Index. Gold's next support is $2,300, with potential declines to $2,277 and $2,222. Recovery to $2,350 targets resistance at $2,387 and $2,400, but the bearish trend holds below $2,340.10, aiming for $2,272.06.
Market Watch for Today
Market Review | June 26, 2024
Trademax Australia Limited Announces Revocation of Interim Stop Orders
Trademax Australia Limited Announces Revocation of Interim Stop Orders