On July 19th, a crypto anti-money laundering bill was introduced by a group of four United States senators - Jack Reed, Mike Rounds, Mark Warner, and Mitt Romney, as per the information given in a news release on Senator Reed's official website. This bill was targeted at halting unlawful financial transfers.
WCG Markets:2023-07-21
The NFP is a notable report commonly utilized by professional traders as a prospective gauge of upcoming price movements. They view economic announcements as dependable predictors of future market activities. This brings into focus, what exactly is the NFP? How does it influence the markets? And what are the ways in which it can be traded?
Gold has formed a Shooting Star reversal pattern near the resistance level. Currently, the instrument is going by the reversal signal in a corrective wave. The pullback target might be 1965.00. Upon testing the support level, the price could get a chance to rebound from it and continue the uptrend. However, the quotes might rise to 1985.00 without any correction.
During the June quarter, New Zealand experienced a decrease in inflation, which dropped to an annual rate of 6%. The key factors behind this decrease were primarily high-interest rates impacting household budgets and a reduction in petrol prices. Despite these influences, the persistence of high domestic inflation remains noteworthy.
GBPUSD is correcting after an aggressive rise. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the upper boundary of the Cloud at 1.2945 is expected, followed by a rise to 1.3185. An additional signal confirming the rise will be a rebound from the lower boundary of the bullish channel.
Wall Street is seeing positive gains due to heightened investor anticipation around the quarterly earnings season for businesses.
On Wednesday, the Canadian dollar experienced a slight appreciation against the U.S. currency which was otherwise broadly robust. This was largely due to the optimism among investors that the U.S. economy may still soft land despite the Federal Reserve's active campaign to hike interest rates.
If you buy a piece of property that actually has gold, your investment could really pay off big time. But if there’s no gold, you also lose big. Speculative trading is no different. The prospect of patient long-term gains doesn’t satisfy every investor, right? This is where speculators come in; they speculate on future market movements. Although speculation carries high risks, there's also a chance for massive gains!
The Forex market depends on many factors that vary considerably in different countries. This complexity makes attempting to predict forex price movements a challenging endeavor. But hey, don't worry! We've got some cool tools and indicators up our sleeves!
On Thursday (July 20), spot gold shocked higher during the Asian session, once hit a nearly two-month high to $1987.34 per ounce.
The UK's June year-on-year CPI growth rate, released on Wednesday, fell to a more than one-year low, and inflation in Canada and New Zealand also cooled, which boosted market sentiment.
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
WCG Markets:2023-07-20
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
On Wednesday (July 19), spot gold shocked slightly lower during the Asian and European sessions and is currently trading in the vicinity of $1975.66 per ounce.
June retail sales data released on Tuesday fell short of expectations, but core sales remained firm. After the release of the data, the U.S. dollar index dived to a 15-month low, and then rebounded as the market fully digested expectations of a 25 basis point rate hike in July, once back to the 100 mark, but failed to hold on to close up 0.05% at 99.96.
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
On Tuesday (July 18), spot gold rose slightly during the Asian session and is currently trading near $1959.12 per ounce.
The New York Fed's manufacturing index, released on Monday, fell to 1.1%, indicating that growth in its manufacturing sector has almost stalled. The dollar index closed down 0.04% at 99.91 as markets await U.S. retail sales data for June to be released tonight.