The US dollar index or popularly called as the DXY experienced a very rapid recovery in the New York session last night. What is the cause that triggers this situation.
Let's take you to a brief key trading levels for AUDJPY, AUDUSD, EURJPY, EURUSD, GBPJPY, GBPUSD, NZDJPY, NZDUSD, USDCAD, USDJPY, USD Index, Gold, and S&P 500.
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
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On Wednesday, December 7, Beijing time, during the Asian and European trading sessions, spot gold shock is slightly up and is currently trading at $ 1773.78 per ounce. Geopolitical tensions, global recession fears linger, buy-low and safe-haven buying to gold prices to provide support, but the dollar index rally this week to make the bulls have concerns, and technical aspects also appeared some top divergence signal, so investors need to beware of gold prices of further retracement risk.
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Porsche, which is a German automobile manufacturer specializing in high-performance sports cars, SUVs and sedans, component of the following indices ; DAX Price, 5,251.15 ; HDAX, 7,042.79 ; HDAX Price, 3,023.48 ; FAZ Share, 2,102.11 .
On Tuesday, December 6, the dollar index turned up in late trading, and closed up 0.25% at 105.56. The euro lost 1.05 against the dollar, the pound fell below 1.22 against the dollar again, and the dollar rose above 137 against the yen.
Natural gas prices are a function of market supply and demand. Increases in natural gas supply generally result in lower natural gas prices, and decreases in supply tend to lead to higher prices.
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
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Supply and demand are undeniably one of the primary elements that drive forex market volatility. The value of a currency increases so quickly on the market when a high demand is made for it. The same principle will be observed during the FIFA World Cup 2022 when travelers moving into Asia will be in high demand for Asian currencies to participate in the FIFA World Cup. This article gives a detailed understanding of the general effects that the FIFA World Cup will have on Forex trading.
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The week ahead: US Dollar struggles to find demand
On Tuesday, December 06, Beijing time, during the Asian and European session, spot gold rally blocked and is currently trading at $ 1770.11 per ounce. After the US non-farm payrolls data for November came out last week, the US ISM non-manufacturing PMI data for November came out on Monday with a very strong performance, intensifying market concerns that the Federal Reserve may accelerate interest rate hikes.
On Monday, December 5, a number of better-than-expected U.S. data reinforced expectations that the Fed would keep tightening, and the dollar index rebounded to above 105, closing up 0.75% at 105.29. Non-dollar currencies continued to fall, with AUD/USD down 1.50% during the day, USD/CAD up to 1.36, EUR/USD down 1.05, USD/JPY up 1.50% during the day, both offshore and onshore RMB recovered 7.0 level.
Macau casino stocks have jumped since early November. Beijing announcing existing licence will be renewed and hopes of an end/easing in covid restrictions are seen as key reasons for the stock rises.
The Organisation of Petroleum Exporting Countries (OPEC) on Sunday agreed to maintain its planned monthly oil output, as the European Union agreed to impose a price cap on Russian oil.
EUR/USD is the forex ticker that tells traders how many US Dollars are needed to buy a Euro. The Euro-Dollar pair is popular with traders because its constituents represent the two largest and most influential economies in the world.
Stocks cut much of their earlier losses Friday as investors looked past hotter-than-expected labor data to the upcoming Federal Reserve meeting.