US OPENING BELLUS OPENING BELL 01-02-2023
EUROPEAN SHARES REMAIN FLAT AHEAD OF THE KEY FED MEETING; EUROZONE INFLATION SLOWS MORE THAN EXPECTED WHILE THE USD AND VIX REMAIN AT PERIOD LOWS.
How to Avoidbecoming disappointed in trading so that not to leave the market before the first profit
It says given up on your desired dreams doesn’t make you succeed. Many great dreams were made possible because someone refused to give up. A Cuban-American abstract, minimalist painter Carmen Herrera is one of those people. She didn’t sell any paintings at age 30, and even at age 80. After almost nine decades of painting, she was discovered at the age of 89 and sold her art for a good paycheck at the age of 102.
Afternoon Briefing 1 February 2023
Let's take you through the market briefing for 1st day of February 2023
Advantages Of Having the Best Forex Trading Brokerage
Having the best Forex trading brokerage is the right decision. If you are looking for a great way to invest your hard-earned money in your business
USD/JPY Price Analysis: Bullish harami looms, with bulls targeting 131.50
USD/JPY remains downtrend but is about to form a bullish harami candle pattern, suggesting an upward correction on the cards. USD/JPY Price Analysis: Once it clears 129.50, it could rally towards 131. After a round of US economic data, suggesting the US Federal Reserve (Fed) could begin to hike rates in 25 bps sizes. Therefore, the Japanese Yen (JPY) strengthened, so the USD/JPY is down 0.24%. At the time of writing, the USD/JPY is trading at 129.92.
U.S. stocks higher at close of trade
Stocks rose Friday and capped off a winning week fueled by better-than-expected economic growth and a pop in Tesla shares.
Mastercard Q4 results announced
For the fourth quarter, Mastercard's adjusted earnings rose 13% to $2.65 per share on 12% revenue growth to $5.8 billion. That just beat Wall Street expectations of 9.4% earnings growth to $2.57 per share on 10.9% revenue growth to $5.79 billion.
EUR/USD HOLDS AT AROUND 1.0860S AS TRADERS BRACE FOR THE FED AND ECB’S DECISIONS
EUR/USD holds at around 1.0860s as traders brace for the Fed and ECB's decisions. The US core PCE, the Fed's preferred gauge for inflation, edges down, sparking speculations for a Fed pivot. Consumer Sentiment improved, while inflation expectations ticked lower.
AUD/NZD: Trans-Tasman analysis
The bullish trend is currently very strong on AUD/NZD. As long as the price remains above the support at 1.0626 NZD. AUD/NZD is part of a very strong bearish trend. The AUD/NZD is an interesting pair to examine after the release of each country’s respective inflation reports yesterday.
Mohicans markets：MHM European Market
On Wednesday, February 1, the spot gold fluctuated in a narrow range in Asian time, and is currently trading at around $1926 /ounce. Near the decision of the Federal Reserve's interest rate, the market was in a strong wait-and-see mood, because the fourth quarter GDP data of the United States last week performed well, and the market was worried that the Federal Reserve might stress its determination to reach the terminal interest rate predicted by the dot-matrix chart.
Mohicans markets：MHM Today News
The increase in labor costs in the fourth quarter of the United States announced last night eased, showing another sign of slowing inflation in the United States, which is undoubtedly what the Federal Reserve would like to see. Affected by the data, the US dollar index continued to decline, once pushed down to the 102 mark, closing down 0.14% at 102.1. The US dollar index fell 1.33% in January, the fourth consecutive month of decline.
Some Facts of Forex Trading that You Should Know
A lot of people want to be successful in this business. Even more, there are some facts among rumors in this business. However, traders can not differentiate between them.
WCG Markets:2023-02-01
WCG Markets:2023-02-01
5 unexpected things you will learn about yourself when start trading
For a trader to be successful, they need many attributes: research and analytical skills to monitor broad economic factors. And No matter how sound your strategy is or how much you've practiced, you must encounter some challenges while trading.
5 EXIT STRATEGY, HAVE YOU USE THEM?
Traders spend hours fine-tuning entry strategies but then blow out their accounts taking bad exits. In fact, most of us lack effective exit planning, often getting shaken out at the worst possible price. We can remedy this oversight with classic strategies that can enhance profitability.
Inflation Hedging: Trading Forex to Hedge Against Inflation
CNBC reports that the consumer price index, a key inflation barometer, increased 7.7% in October compared to a year ago. Experts predict this trend looks well set to continue for the next quarter too. With inflation soaring, what are the best strategies for fund managers going forward? Apparently, inflation hedging can be accomplished on multiple fronts by trading forex pairs. Read on!
Trend Following: Profiting in Bullish, Bearish, and Volatile Markets
As financial markets are facing heightened uncertainty in 2022, more forex traders are actively implementing trend following strategies in an effort to safeguard their portfolios. If you want to make profits in a volatile forex market, make sure you pay attention to the overall market trend. There is a reason experts say, the trend is your friend!
How to Use DeMarker Indicator (DeM) in Forex Trading
Tired of making wild guesses in the Forex market and leaving your trades to the whims of fate? Fear not, for the DeMarker Indicator (DeM) is here to save the day. This technical analysis tool will help you navigate the ups and downs of the Forex market with precision and flair. Just think of DeM as your trusty sidekick, guiding you through the market’s twists and turns, leaving you with more profits and more smiles. So, strap on your seat belts and let the DeM be your guide in Forex trading!ri
Basic Things to Stop Loss Forex Constantly
One of the trickiest concepts in forex trade is managing stop loss Forex, which effectively closes a trading position when losses reach a predetermined level.
Mohicans markets：MHM European Market
During the Asian session on January 31, the spot gold fluctuated in a narrow range and is currently trading around $1922. Spot gold closed down 0.28% at US $1923.06 on Monday. The price of gold has risen 17.7% in the past three months and has risen more than 5% since 2023. Although hedge funds increased their bullish bets on gold, analysts warned that the Fed's interest rate decision this week was very important to the gold price trend.
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