WCG Markets:2023-12-12
WCG Markets:2023-12-12
FP Markets enhances its Corporate Social Responsibility (CSR) programme with Sponsorship of the Cricket Brasil Youth Development Programme
FP Markets, a global multi-asset broker announces sponsorship deal with ICC associate member Cricket Brasil to support its Youth Development Programme.
12/11 Market report
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
Algorithmic Trading: Demystifying the Black-Box Strategies
This article aims to unravel the intricacies of algorithmic trading, shedding light on its inner workings and exploring the advantages and challenges it presents.
Day Trading vs Swing Trading: Matching Trading Strategies to Your Lifestyle
Day trading and swing trading each offer unique opportunities and challenges.
Leverage and Risk Management: Striking the Right Balance in Trading
While leverage can amplify returns, it must be used judiciously and in conjunction with effective risk management practices.
MHMarkets：
At the end of the Asian market on Monday (December 11), the employment situation report released by the US Department of Labor last Friday evening showed that the US non-farm payrolls was stronger than market expectations in November, and the unemployment rate also decreased by 0.2 percentage points.
MHMarkets：December 11, 2023,--Fundamental Reminder
Last Friday, unexpectedly strong non-farm payrolls data hit the market on the Fed's expectations for next year's interest rate cuts, U.S. bond yields rallied across the board. 10-year U.S. bond yields rose more than 10 basis points off the three-month lows, closing at 4.229%; more sensitive to the Fed's policy rate of the two-year U.S. bond yields closed at 4.723%, which was a new high in the month. The U.S. dollar index regained the 104 mark, eventually closing up 0.347% at 104.01.
Market Wrap: Stocks, Bonds, Commodities - December 11, 2023
Key Market Highlights and Forex Outlook for December 11, 2023
WCG Markets:2023-12-11
WCG Markets:2023-12-11
Non Farm Payrolls: Key Insights for Traders
Non Farm Payrolls: Key Insights for Traders
MHMarkets：Initial jobless claims rise slightly and the market waits for non-farm.
At the end of the Asian market on Friday (December 8), the US Department of Labor reported yesterday evening that as of the week ending December 2, the number of initial jobless claims in the US was 220,000, with an expected 222,000, compared to 218,000 previously.
Maximize Your Profits with Support and Resistance!
In this article, we will delve into how you can harness the power of Support and Resistance levels to enhance your forex trading strategies.
Gold Price Trims Gains, Can This Key Support Hold?
Gold rallied above the $2,000 and $2,050 resistance. It even spiked toward $2,150 before the bears appeared. A high was formed near $2,145 and the price corrected lower.
Exports from China increased for the first time in 6 months
In November, the volume of Chinese exports increased for the first time in six months, and this is due to the active actions of Chinese factories, which began to attract buyers with discounts to cope with the ongoing decline in demand.
12/08 Market report
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
Crude Oil recovers from five-month low amid mixed concerns
Global market dwindle early Thursday as the US Dollar ignores softer Treasury bond yields and downbeat US employment clues ahead of more US statistics. In doing so, the greenback braces for next week’s FOMC, mainly due to the hawkish comments from US Treasury Secretary Janet Yellen and the recently firming clues about US soft landing.
The Insolvent Cryptocurrency Lending Company Celsius May Use Bitcoin And Ethereum Holdings To Repay
Celsius, a crypto lending company that declared bankruptcy in 2020, may be able to settle its financial obligations through the sale of its increasing BTC and ETH holdings; however, this has caused discontent among some customers.
Market Analysis – USD surges, AUD hit by RBA, Oil and Gold continue decline
USD was bid in Tuesdays session with DXY finding strong support at its 200 Day MA and pushing up to test the big 104 figure before losing steam.
Gold Outlook: Reaching for the sky
The markets were stunned by gold’s rally in Monday’s Asian session. The spike that drove gold’s price to record high levels tended to underscore the wide volatility characterizing its price action and the possibilities for gold traders. Today we are to discuss the fundamentals that underpinned the rally while also having a look at the challenges laid ahead for the precious metal, and we will be concluding this report with a technical analysis of gold’s daily chart.