Asian currency markets held steady Tuesday supported by optimism around the dollar
Asian currency markets remained stable on Tuesday's trade, helped by the US dollar's strengthening safe-haven status as the policy stalemate in Washington over the US debt ceiling continues.
05/18 Market report
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
WCG Markets:2023-05-18
WCG Markets:2023-05-18
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May 17, 2023-MHM European Perspective
On Wednesday (May 17), spot gold oscillated narrowly during the Asian session and is currently trading near $1989.46 per ounce. Speeches by Fed officials continue to dampen expectations of interest rate cuts during the year, with the dollar index and U.S. bond yields moving higher, weighing on gold prices; market fears of a U.S. debt default have also cooled, weakening gold's safe-haven buying demand. Overnight gold prices lost the 2000 mark important support, after the market bias to further do
May 17, 2023 - Fundamental Reminder
On Tuesday (May 16), as the U.S. debt ceiling negotiations impasse hit risk appetite, and the U.S. retail sales data in April turned positive, the dollar index approached a five-week high, rising as high as 102.77, and finally closed up 0.166% at 102.62. The EURUSD turned lower after rising above the 1.09 mark, and the GBPUSD fell about 0.5% and lost ground to 1.25.
The Future of Financial Advice: Artificial Intelligence VS Human Advisors?
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05/17 Market report
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
The US CPI will give direction to the Fed
The Consumer Price Index (CPI) is a broad measure of inflation within an economy in relation to the cost of goods and services. That figure can have a significant impact on the value of a currency in relation to the currencies of other nations.
FOREX TODAY: DOLLAR STRENGTHENS ON MIXED MARKETS, COMMODITIES UNDER PRESSURE
The U.S. dollar is demonstrating extraordinary strength against other global currencies this summer, touching highs against the euro, the Japanese yen and others, with broad effects globally and within the United States.
DAX 40 & DOW JONES: weekly analysis 8th – 12th May
The DAX 40, or DAX Index, is a German stock market index comprising the 40 biggest companies - by market capitalization and liquidity - trading on the Frankfurt Stock Exchange (FSE). The DAX 40 is considered a strong measure of German and European economic health. View the chart for real-time information on the DAX price, and follow the latest DAX news, analysis and forecasts.
China's Exports Continue Its Positive Trend, Imports Decline
China’s exports grew 8.5% in April in U.S. dollar terms, marking a second-straight month of growth, while imports fell 7.9% compared with a year ago.
May 16, 2023-MHM European Perspective
Spot gold was narrowly oscillating during the Asian session on Tuesday (May 16) and is currently trading near $2015.11 per ounce. The market is generally waiting for the debt ceiling negotiation between President Biden and Republican House Speaker McCarthy later in the day, and the market is in a wait-and-see mood. Previous concerns about debt default to gold prices to provide safe-haven support, but the current market optimism that the U.S. may reach a debt ceiling agreement has risen, which pu
May 16, 2023 - Fundamental Reminder
On Monday, spot gold oscillated narrowly and was blocked several times at the $2,020 mark before finally closing up 0.28% at $2,016.44 per ounce. Spot silver moved in the same direction as gold, eventually closing up 0.52% at $24.09 per ounce.
USDCHF analysis for 15.05.2023
The USDCHF currency pair has recently experienced a bearish wave, with the price line displaying a consistent downward trajectory. As the price approaches a key support zone, traders and investors are closely observing this area for potential opportunities.
US stocks finish in the green on weak data and regional bank short squeeze
Major US indices finished broadly higher after weak Empire State manufacturing figures fed into the “bad news is good news” for equities narrative, and a surge higher in regional bank stocks allayed fears of further crises in that sector in the short term. The Russell 2000, being the home of most of these mid-sized banks outperformed, finishing up 1.19%, KRE (the regional banking ETF) rose 3.16% on the day.
US INFLATION EXPECTATIONS SOAR TO 12-YEAR HIGHS
The US Dollar starts the new week on a softer footing for now following a solid rally late last week which saw the Dollar Index breaking out to its highest levels in over a month. The move was driven in part by comments from various Fed members pushing back against the idea of rate cuts coming later this year.
05/16 Market report
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
US Debt Ceiling Situation And The Impact It Could Have On Gold Prices
The US Debt Ceiling situation continues to drag on, in this article we will briefly discuss the implications on the market if the US does default for the first time in history, and how that could affect the price of Gold.
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