U.S. Stocks Rise as Market Awaits Fed Decision
On Tuesday, the U.S. stock market experienced a positive swing, with investors closely watching earnings reports and eagerly anticipating the outcome of the U.S. Federal Reserve’s interest rate decision.
DAX 40 & DOW JONES: weekly analysis 24th – 28th July
Stock exchanges maintain a bullish stance again also this week, albeit facing a slight contraction due to some disappointing quarterly earnings (Goldman Sachs, Netflix, Tesla) and for the new Nasdaq rebalancing rule
ALL EYES ON FED
The Federal Reserve is widely expected to raise the target range for the federal funds rate by 25 bps to 5.25%-5.5% in July 2023, raising borrowing costs to the highest level since January 2001 and resuming the tightening campaign.
July 28, 2023-MHM European Perspective
Spot gold traded in a narrow range at $1,951.74 per ounce during the Asia period on Friday (July 28). Gold was on track for its biggest weekly drop in five weeks after strong U.S. economic data drove a rally in the dollar and bond yields in a high-rate environment.
Mai hui MHmarkets: July 28, 2023 - Fundamental Reminder
Pre-market data on Thursday showed US GDP growth unexpectedly accelerated in the second quarter and durable goods orders rose much faster than expected in June, raising expectations of a "soft landing"; Separately, the European Central Bank signaled it may not raise rates further after raising rates by 25 basis points as scheduled.
A New Perspective on the Increased Flexibility of the RMB Exchange Rate to Enhance Interest Rate Regulation Autonomy.
In recent years, it is not difficult to find that China's monetary policy has not simply followed the pace of major developed economies in the world. On the contrary, it has adhered to the principle of "taking me as the mainstay", which not only greatly enhanced its autonomy, but also effectively improved its economic benefits.
07/28 Market report
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
WCG Markets:2023-07-28
WCG Markets:2023-07-28
5 Best Forex Currency Pairs to Trade Beyond USD And Their Benefits
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OTC Market VS Exchange Market: Which One is Best for Online Trading?
OTC market and Exchange market are two different marketplaces where traders buy and sell different financial instruments/assets like currencies, stocks, etc. As you embark on your journey towards becoming an online trader, choosing the right market to trade holds a great deal of importance. Let’s dive right in!
Mai hui MHmarkets: July 27, 2023-MHM European Perspective
Spot gold traded near $1,976.08 an ounce in Asia on Thursday（JUL/27）, as investors digested fairly balanced remarks from Fed Chair Powell and expectations that the Fed's cycle of rate hikes may be over. The dollar index briefly hit a more than one-week low. Helped gold hit a near one-week high of $1,981.91 an ounce. But fears of a U.S. recession have also cooled, with the Congressional Budget Office on Wednesday sharply raising its 2023 growth forecast, still giving gold bulls pause.
Mai hui MHmarkets: July 27, 2023-MHM European Perspective
Spot gold traded near $1,976.08 an ounce in Asia on Thursday（JUL/27）, as investors digested fairly balanced remarks from Fed Chair Powell and expectations that the Fed's cycle of rate hikes may be over.
Mai hui MHmarkets: July 27, 2023 - Fundamental Reminder
Early this morning, the Fed raised interest rates by 25 basis points as scheduled. Powell said at the press conference afterwards that if the data allowed, it would raise interest rates in September, but it was willing to stop raising interest rates before inflation fell to 2%.
07/27 Market report
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
STARTRADER FOREX: U.S. Economic Dilemma: Soaring Debt and Declining Investment Ability
Sudden inflation and the depletion of savings have made Stacy Coquelin in Florida, USA feel unprecedented pressure. As a construction project manager, she should have enough income to meet her living needs.
STARTRADER Forex: Gold, oil and the US dollar under the influence of the Fed's interest rate hike
Oil prices fell by more than $1 a barrel last Friday, mainly due to the strength of the US dollar and the profit-taking of oil traders after a strong rebound, which also made the benchmark crude oil contract rise for the third consecutive week.
WCG Markets:2023-07-27
WCG Markets:2023-07-27
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Mai hui MHmarkets: July 26, 2023-MHM European Perspective
Now Wednesday (July 26) Asian time, spot gold narrow range volatility, currently trading around $1963.07 per ounce, near the Federal Reserve interest rate resolution announced, market investors generally into the wait and see, gold short-term volatility is small.
Mai hui MHmarkets: July 26, 2023 - Fundamental Reminder
Tuesday's US economic data is still full of contradictions, on the one hand, consumer confidence rose to a 2-year high, on the other hand, the Richmond Fed manufacturing activity continued to be sluggish in July, market sentiment is increasingly nervous, although this week's 25 basis point rate hike has long been priced in, but any subsequent guidance from Powell will set markets off. The dollar index fell after five straight gains, closing down 0.13 percent at 101.27.
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