The Dow opened the day with a decline of more than 500 points Wednesday as banking fears spread across global markets.
The Gold vs Crypto debate has been a hot topic among investors and traders ever since the concept of digital currency gained considerable transactions in the 2010s. While it is a good idea to diversify your trading portfolio, choosing between Gold vs Crypto can be challenging. However, regardless of which trading type you choose, it's important to ensure you're putting your eggs in the right basket.
The Japanese Yen's strength from the last quarter of 2022 has found an interim bottom at the beginning of the new yea.
Base metals are common metals that tarnish, oxidize, or corrode relatively quickly when exposed to air or moisture. They can be contrasted with precious metals and are widely used in commercial and industrial applications, such as construction and manufacturing.
Supply, demand, interest rates, and investor behavior are key drivers of gold prices. Gold is often, but mistakenly, used to hedge inflation under the belief that gold will appreciate and offset inflationary pressures.
On Wednesday (March 15), the spot gold fell slightly in the Asian session, and it is currently trading near the 1900 mark. The overnight data shows that the inflation in the United States is still at a high level, which increases the expectation of the Federal Reserve to raise interest rates by 25 basis points next week. The rebound in the yield of US Treasuries put pressure on the gold price. However, the fear caused by the collapse of Silicon Valley Bank has not completely dissipated, and the
Loss and profit is pair that are always there in forex trading.
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The CPI data in February released last night met expectations, but the core service inflation excluding housing hit a five-month high. The market renewed its bet that the Federal Reserve would raise interest rates by 25 basis points. The dollar index was boosted and once returned to the 104 level. However, the US stock market nearly wiped out all the gains in the end of the day, closing up 0.01% at 103.69.
To offset risks in your financial portfolios during times of a declining economy like the present, intelligent investors often turn to ‘safe haven’ assets as a hedge. It is safe to say that safe haven assets perform well in financial crises, while others are on the decline.
The economic indicators in Forex market are varied. Experts and analysts always talk about the direction of the economy based on readings of these essential aspects, and that is indeed their job.
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On Tuesday (March 14), the spot gold weakened slightly in the Asian session, currently trading price is around 1903.80 US dollars/ounce. The yield of US dollars and US bonds has fallen sharply in the past few trading days, helping the gold price to rise sharply. On Tuesday, the US CPI data for February will be ushered in. The market is in a strong wait-and-see mood. Some investors take profits, the US dollar index has rebounded gently, and the gold price will start to recover.
Affected by the collapse of many banks, including the Bank of Silicon Valley, the market's expectation of the Federal Reserve's interest rate increase suddenly cooled. The dollar index fell below 104, down nearly 1%, to 103.49, down 0.59%, to 103.63. Non-U.S. currencies rose generally, with the offshore RMB rising by 1064 points, reaching 6.83, the highest level in three and a half weeks since February 15.
The forex market is typically known for its instability, but in 2022, currency volatility was particularly high, surpassing the usual levels. This increased volatility, which more than doubled throughout the year, significantly impacted investment portfolios. The Covid-19 pandemic, along with the war in Europe, probably impacted the world economy severely. With these factors in mind, it is crucial to explore strategies for taking advantage of currency volatility and uncertainty in 2023.
The Forex Channel Trading strategy is a simple yet effective approach that can help even the most novice traders navigate the complex world of Forex trading. By using price channels to identify potential entry and exit points, this strategy can help you make informed decisions about when to buy and sell currencies. And the best part? You don't need years of experience or a degree in finance to understand it!
HFT in forex trading has been studied by many people, considering that trading itself is a common activity.
The week ahead: 5 things to watch.
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