Q4, or the fourth quarter, is the last quarter of the financial year for companies. Let's look at some Q4 Review of Nasdaq. The Nasdaq 100 (symbol ‘USTEC’) has started a general upward movement in the beginning of the last quarter of the year trading in a bullish wedge formation. Price respected the boundaries of the wedge until now with the index losing about 2% of its points after the FED meeting and the announcement of a double hike in interest rates.
On Monday, December 19, Beijing time, during the Asian and European session, spot gold narrowly oscillated and is currently trading near $ 1792.11 per ounce, the prospect of further interest rate hikes by the Federal Reserve next year offset the dollar weakening in the support brought. The dollar index is currently down about 0.3%, and trading around 104.50. A weaker dollar makes gold more attractive to holders of other currencies.
Every business needs capital. It is because capital is a basic foundation that a business can be run. As well as the forex business. Part of this business is forex trading.
On Friday, December 16, the Federal Reserve officials issued a hawkish speech, the dollar index turned up during the day, the U.S. stock market closed the dollar index close to 104.84, closing up 0.22% during the day.
WCG Markets:2022-12-19
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
Brokers, of course, don't ask for someone's data without reason. Trader personal information will still be respected by not spreading it carelessly because private data is valuable, even more than someone's balance at a broker.
On Friday (December 16), Beijing time, the rebound of spot gold was blocked during the Asian European session. At present, the trading was near 1781 US dollars/ounce. The last trading day, due to the sharp rise of the US dollar, the gold price fell back to below 1800 again and fell below the 200 day moving average.
The US retail sales data released on Thursday (December 15) was bleak and the Federal Reserve remained hawkish. The US dollar index rebounded sharply, approaching the 105 mark, closing 0.94% higher at 104.59. Non US currencies generally fell, and the decline of the Australian dollar against the US dollar widened to 2.5%, falling below 0.67; GBP fell below 1.22 against USD.
A lot of traders want to reach how to get high profit than usual in this unstable economic situation, thus traders must know its movement from the forex road map.
The U.S. Senate is expected to hold an initial procedural vote Thursday on a week-long stopgap funding bill to avoid a partial government shutdown ahead of a midnight Friday deadline, a Senate Democratic aide said.
Crude oil is expected to trade at 73.83 USD/BBL by the end of this quarter, according to Trading Economics global macro models and analysts' expectations.
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
Despite the size of the gold market, how it is traded is often poorly understood. The gold market is inherently global and gold is traded continuously throughout all time zones.
It's a busy week for market players everywhere as we price in FOUR central bank decisions and a few key inflation and labor market reports. All major central banks will be in the spotlight this week as they gather for their last meetings of the year.
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
During the Asian European session on Thursday (December 15), Beijing time, spot gold was volatile and weak, hitting a two-day low of 1789.47 US dollars/ounce. The Federal Reserve raised interest rates and hinted that there would be multiple interest rate hikes next year. The speech of Federal Reserve Chairman Powell also tended to be hawkish, which significantly suppressed the gold price.
A lot will depend on the Fed's decision and its outlook for the next year. Positive forecasts may play on the side of the British pound, given that yesterday's inflation data in the US showed that prices slowed more than expected. The GBP grew significantly against the USD. The current quote is 1.2340.This surge of optimism was solely thanks to the weakness of the USD.
European stocks were muted after rallying the most in a month on the back of softer US inflation on Tuesday, as investors turned cautious ahead of a Federal Reserve policy decision later today. And where it's widely expected we’ll see a downshift to a 50bps rate hike, as inflationary pressures subside.
Some people are making the forex business their main job to get income, therefore they should know how to make a strategy about forex living trading.