A Week in the Market: Minutes and Statistics (20-25 November)
This week's macroeconomic reports are expected to be limited, however, market participants will have the opportunity to review the most recent meeting minutes from major central banks.
WTI holds above four-month low touched on Thursday, seems vulnerable to slide further
West Texas Intermediate (WTI) Crude Oil prices oscillate in a narrow trading band during the Asian session on Friday and consolidate the overnight slump to over a four-month low. The commodity currently trades just above the $73.00/barrel mark and remains on track to register losses for the fourth straight week.
USD/CHF consolidates near 0.8880 ahead of Swiss Industrial Production
USD/CHF hovers around 0.8880 during the Asian session on Friday. The Swiss Franc (CHF), being a safe-haven currency, is receiving upward support amid prevailing risk-off sentiment in the market. Additionally, the Swiss National Bank (SNB) has expressed its determination to defend the CHF through outright market purchases, adding to the pressure on the USD/CHF pair.
The potential for gold to reach the 2,000 – 2,020 area is very large
The US dollar slipped after data showed the number of Americans filing new claims for unemployment benefits hit a three-month high last week, with data showing an increase of 13,000 to 231,000 on week, well above market expectations of 220,000.
FX Analysis – Falling Yields Pressure USD, the Key Levels to Watch
Recent US figures have seen a rout in treasury yields with the flagship 10-year now yielding 4.435% after starting November at 16-year highs north of 5% and in a seemingly unstoppable uptrend. A cooler CPI and PPI showing inflation is decelerating at a faster pace than the market anticipated, along with weaker employment and industrial production figures have traders re-adjusting for a less hawkish Fed and bringing their timing forward for the pricing in of rate cuts.
Forex and Cryptocurrencies Forecast for November 13 - 17, 2023
The past week witnessed few significant events, which reflected in EUR/USD pair's fluctuations around 1.0700. Notably, there was a slight increase in the Dollar Index (DXY), starting at 105.05 and reaching a peak of 105.97 by Friday, November 10. This growth was primarily attributed to the "hawkish" comments made by the Chair of the Federal Reserve.
CPI DATA MOVED THE MARKETS STRONGLY YESTERDAY
Shares in Hong Kong rose 488 points or 2.8% to 17,884 in early trading on Wednesday, reversing Tuesday's weak session and reflecting a rally on Wall Street overnight after weaker US CPI data fueled bets that the Federal Reserve's tightening cycle had peaked.
INTEREST Cycle – Danger or opportunity?
In the current interest cycle in the American market, will we find investment to be a danger or an opportunity? In this article, we will explore the current complex economic landscape, focusing on the debate over the possibility of a “soft landing” amid the Federal Reserve’s aggressive cycle of interest rate hikes.
EUR/USD Price Analysis: Outlook shifts to constructive above 1.0800
EUR/USD strengthens the pace and surpasses the 1.0800 hurdle for the first time since early September.
AUD/NZD Price Prediction: A Significant Increase For Monday, With 1.09 In Site
The AUD/NZD is making substantial efforts on Monday to locate a level of support. From a technical perspective, the Australian dollar is showing signs of recovery following a decline throughout the majority of November. However, as opposing forces grow stronger, the bulls are faced with an increasingly challenging struggle that appears difficult to overcome.
STARTRADER Attains ASIC License, Paving the Way for Strategic Expansion
STARTRADER, one of the world's fastest-growing brokers, proudly announces the successful acquisition of an Australian Securities and Investments Commission (ASIC) license. This achievement not only underscores their dedication to regulatory compliance but also serves as a pivotal milestone in their strategy to expand service offerings and reach a broader clientele.
WCG Markets:2023-11-20
WCG Markets:2023-11-20
11/20 Market report
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
Weekly News 2023/11/13-2023/11/17
Index / Stocks / Crypto / Metals / Commodity & Futures / Forex
The British Pound opened with a slight decline, and OTFX analysts interpret the market dynamics.
The British Pound opened the week with a slight decline, but quickly reversed its course, demonstrating market vibrancy
The Euro continues its persistent downward trend as OTFX analysts offer profound insights.
The market performance of the Euro against the US Dollar during Monday's trading session has drawn widespread attention
CWG Markets MT4 System Upgrade and Maintenance Schedule
To continuously enhance the trading experience and ensure the efficiency and stability of the trading environment, the MT4 system will undergo a routine upgrade and maintenance.
MHMarkets：The current market has basically ruled out the possibility that the Fed will raise interest rates further.
At the end of the Asian market on Friday (November 17), US Fed Chairman Loretta Mester stated in an interview with US media on the 16th that the Fed has made "significant progress" in curbing inflation and needs to see "more evidence that inflation is returning to the 2% (target) track in a timely manner" in the future.
MHMarkets：November 17, 2023--Fundamental Reminder
On Thursday, unemployment data showed weakness in the labor market, reinforcing the view that the Fed is unlikely to raise interest rates further. The dollar index fell short term, approaching the 104 mark before recovering and finally closing near flat at 104.39. Treasury yields fell back to week lows. The yield on the 10-year Treasury note closed at 4.441%; The yield on the two-year Treasury note, which is more sensitive to the Fed's policy rate, closed at 4.85%.
OTFX Analysis: USD/JPY Breaks Through 150.00 Resistance, Targeting 152.00
The USD/JPY exchange rate has successfully broken through the significant key resistance level of 150.00.
Latest News
US Authorities Dismantle Multi-Billion-Dollar Crypto Money Laundering Network
WikiFXItaly CONSOB banned four illegal websites
WikiFXFXTM Broker Review: What Traders Should Know
WikiFXeToro Acquires Spaceship to Expand Super Funds in Australia
WikiFX17 Arrested in RM32.9M Pantheon Ventures Investment Scam
WikiFXAn Overview of G4 Markets
WikiFXFXSTOCK Corporation Group Launches Retail Forex Trading Platform on MetaTrader 5
WikiFXXM Festive Season Promo is about to end! Join Asap
WikiFXCFI is Sponsoring NBA Abu Dhabi Games 2024
WikiFXArgentina records sharp rise in poverty
WikiFX