On Wednesday, spot gold V-shaped reversal, the deepest intra-day touch of $1969.26 per ounce, down more than $50 from the daily high; then it quickly pulled up to recover some of the losses, but stopped below the 2000 mark, and finally closed down 0.51% at $1994.76 per ounce. Spot silver once fell more than 2%, bottoming out more strongly than gold, and finally reversed the decline, closing up 0.32% at $25.29 per ounce.
Please refer to the following table for the changes in the trading hours during the month of April 2023. The time and date mentioned in this notification are the system time (GMT +3) and are subject to change. For up to date information, please refer to the information on our trading platform.
As one of the fastest growing brokers in the world, STARTRADER successfully held a seminar at the Conrad Hotel in Cairo, Egypt. The seminar attracted a large number of new and old customers and IBs, who were eager to understand the advantages of working with STARTRADER and the potential opportunities brought by cooperation with such a reputable broker.
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
Spot gold oscillated narrowly during the Asian session on Wednesday (April 19) and is currently trading around $2002.13 per ounce. The U.S. dollar index has stabilized, making bulls wary. Overnight St. Louis Fed President Bullard said the Fed should continue to raise interest rates, with a preference for a hike to the 5.50-5.75% range. Several other Fed officials also spoke to the hawkish side, the Fed's May rate hike is expected to grip the market; U.S. bond yields held at several weeks high, g
On Tuesday, spot gold as a whole oscillated to the upside, once falling heavily near the 1990 mark under Bullard's hawkish shouting; But then it pulled up strongly and surged nearly $20 from the intra-day low to regain the 2,000 mark, eventually closing up 0.56% at $2005.33 per ounce. Spot silver moved similarly, touching an intraday high of 25.313, before falling in late trading and eventually closing up 0.73% at $25.2 per ounce.
Recall that Energy prices across the globe surged last year when Russia invaded Ukraine, fueling global inflation just as the world’s major economies were beginning to rebalance after the pandemic.
EUR/USD found support around 1.0940 and rose toward the 1.0970 area during a quiet American session. The US Dollar is falling after a two-day rally, amid a decline in the 10-year Treasury Yields and a mixed performance in US stock markets. Hence, the EUR/USD is trading at 1.0961 after hitting a low of 1.0920.
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The Bank of England likely has one more hike in its tightening cycle but it was a close call for a final quarter-point rate lift in May, according to a Reuters poll of economists who said the bigger risk was inflation being higher than they expect.
On Monday, the U.S. Securities and Exchange Commission (SEC) charged another cryptocurrency exchange, accusing the trading platform Bittrex of operating “an unregistered national securities exchange, broker, and clearing agency.” Since 2014, Bittrex allegedly sold crypto assets that were “offered and sold as securities.” The SEC’s complaint was filed in the U.S. District Court for the Western District of Washington.
Top 5 things to watch in markets in the week ahead
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
On Tuesday (April 18), during the Asian session, Spot gold oscillated slightly higher and is currently trading around $2001.46 per ounce. The latest economic data from China was generally better than expected, depressing safe-haven buying demand for the dollar; a slight pullback in the dollar helped gold prices rebound. However, the market consensus on the Fed's expected rate hike in May is expected to limit the dollar's retracement space, and U.S. bond yields are holding at multi-week highs, wh
On Monday, spot gold rose and then fell, reaching a high of 2015.13 during the day, encountered two large single smash during the day, once close to the 1980 mark, the end of the decline has narrowed, and finally closed down 0.39% at $1995.18 per ounce. Spot silver once fell more than 2%, then recovered some of the lost ground, narrowly above the 25 mark, and finally closed down 1.14% at $25.04 per ounce.
WCG Markets:2023-04-18
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On Monday (April 17), spot gold oscillated slightly up during the Asian session and is currently trading around $2006.32 per ounce. The dollar index rally was blocked at the 10-day SMA, giving gold prices the opportunity to rebound; gold prices plunged on Friday, the short term technical surface also exists oversold rebound demand. However, the technical surface short term topping signal is strong, and investors also need to beware of gold prices after the shock adjustment of further downside r
On Friday, due to the release of retail sales data after the surge in market bets on the Fed's May rate hike, coupled with the Fed governor put hawk and consumers' recent inflation expectations unexpectedly strong recovery, spot gold from more than a year high plunged more than 50 U.S. dollars, but the end of the small rebound above the 2,000 mark, finally closed down 1.74% at $2004.26 per ounce; spot silver also plunged on the US market high, and finally closed down 1.72% at $25.36 per ounce.