MHMarkets：The US dollar has steadily risen within the day, precious metals continue to rise, and US crude oil continues to squeeze positions!
On Monday (September 18th), both gold and silver prices rose slightly. Spot gold prices continue to hover around $1930 per ounce.
MHMarkets：September 19, 2023--Fundamental Reminder
On Monday, the U.S. dollar index retreated from nearly six-month highs, but still ran above the $105 mark, and eventually closed down 0.24% at 105.07. In terms of U.S. bond yields, two-year U.S. bond yields opened abruptly soaring to a high of 5.490%, and then retraced all of its gains back down to near 5%, and ultimately closed up at 5.056%; 10-year U.S. bond yields narrowly avoided the top of 4.3%, and finally closed at 4.303%.
Federal Reserve Rate Decision is approaching The rise of the US dollar is hindered, and gold breaks through $1,930 resistance
Federal Reserve Rate Decision is approaching The rise of the US dollar is hindered, and gold breaks through $1,930 resistance
WCG Markets:2023-09-19
WCG Markets:2023-09-19
09/18 Market report
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
MHMarkets：The U.S. dollar weakened slightly during the day, precious metals collectively surged, and U.S. crude oil continued to strengthen!
U.S. stocks fell last Friday (September 15) as massive options expiration added to volatility. Traders weighed the impact of each auto workers' strike while scrutinizing economic data ahead of the Fed's decision.
MHMarkets：September 18, 2023 - Fundamental Reminder
On last Friday, the dollar index hovered around the 105 mark before ending down 0.01% at 105.33, notching its ninth straight weekly gain. In terms of US Treasury yields, the two-year US Treasury yield fell first and then rose, rising to an intraday high of 5.054% before closing at 5.037%. The yield on the 10-year Treasury climbed back above 4.3% to end at 4.336%.
The US dollar continues to maintain a high consolidation trend Euro kept adjusting under pressure Gold soared high but fell back when obstructed
Last Friday (September 15th), the USD/JPY long position rose to 147.80, continuing to approach the key level of 148.
WCG Markets:2023-09-18
WCG Markets:2023-09-18
09/15 Market report
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
MHMarkets：The U.S. dollar broke out yesterday and surged today with intraday weakness, non-U.S. currencies are significantly weaker than precious metals, and U.S. crude oil has broken the integer level of $90!
On Thursday (September 14), the ECB chose to raise interest rates by 25 basis points, realizing the tenth consecutive interest rate hike, and raise the main interest rate to 4%.
MHMarkets：September 15, 2023 - Fundamental Reminder
On Thursday, the dollar index rose sharply in pre-market trading on the back of strong U.S. data, breaking through the 105 mark and reaching an intraday high of 105.43 before closing up 0.56% at 105.34.
Market Closure in September
Please be advised that the following instruments' trading hours and market session times will be affected by the upcoming September holidays.
WCG Markets:2023-09-15
WCG Markets:2023-09-15
09/14 Market report
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
MHMarkets：The US dollar is engaged in a long-short competition around the upper edge of the dense moving average range, and the US crude oil daily close is a cross star!
On Wednesday (September 13), as the U.S. August inflation rate still slightly exceeded expectations, the Fed's November interest rate hike bets have risen
MHMarkets：September 14, 2023 - Fundamental Reminder
The dollar index rose and then fell on Wednesday, buoyed by the slightly better-than-expected CPI data. It flirted with the 105 mark in pre-market trading before giving up most of its gains to end up 0.21% at 104.76. In U.S. Treasury yields, the two-year yield rose as high as 5.081% during the day, but has since fallen below the 5% mark to close at 4.971%. The yield on the 10-year Treasury note also eased, closing at 4.254%.
The US August CPI data is mixed, reinforcing expectations that the Federal Reserve will suspend interest rate hikes.Gold bears still hold technical advantages
On Wednesday, there were slight fluctuations in US stocks, bonds, and the US dollar, with mixed inflation reports strengthening expectations that the Federal Reserve will suspend interest rate hikes, but this does not mean the end of the tightening cycle.
Zloty caught in a scandal. Forecast as of 13.09.2023
A central bank's policy easing ahead of elections is usually regarded as supporting a party in power. The Bank of Poland went further and dropped rates by 75 basis points. Let’s discuss it and make a trading plan for the EURPLN.
Japan’s Wholesale Inflation Slows for 8th Month, Stays Above Target
In the latest economic update from Japan, the nation’s wholesale inflation rate exhibited a continuing trend of deceleration in August, marking the eighth consecutive month of decline. This development is likely to be received with relief by households and retailers alike, who have been grappling with the ramifications of earlier sharp spikes in the costs of raw material imports.
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