The yield of US treasury bond bonds rebounded The US dollar experienced an oversold rebound trend yesterday
Absorption in the financial markets is a key concept that helps traders understand market dynamics and depth. This article will explain what absorption is, delve into how it works in trading, answer common questions about absorption, and highlight how Skilling's platform can be utilized in this context.
The last week of the year reveals ups and downs, with stock markets sustaining a year-end rally while liquidity remains low. We will explore the optimism driven by record highs on Wall Street, the US interest rate outlook for 2024 and the opportunities and challenges in assets such as Gold and the Euro/USD pair.
Day trading, which involves buying and selling financial instruments within the same day, has become increasingly popular for traders looking for quick profits. Deciding how much capital you’re prepared to commit to forex trading is essential to avoid tapping into funds reserved for savings. Establishing a budget is key, and equally important is sticking to it.
Google, a division of Alphabet (NASDAQ:GOOGL), has consented to resolve a lawsuit alleging that it surreptitiously monitored the internet activity of millions of users who believed they were browsing in private.
Navigating Market Trends and Trading Opportunities in the Latest Market Wrap
WCG Markets:2023-12-29
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
On Thursday (December 28), a survey by several regional Federal Reserve banks, including New York and Dallas, showed that US employers are expected to reduce recruitment in 2024, which is expected to constrain wage growth and ease inflationary pressures.
On Wednesday, the dollar index in the US trading session accelerated downward, and fell below the 101 mark, hit a new low in July this year, and ultimately closed down 0.6% at 100.94; US bond yields plummeted, 10-year US bond yields fell below the 3.8% mark, and ultimately closed at 3.789%; on the Fed's policy rate is more sensitive to the yield of two-year U.S. bonds closed at 4.240%.
The yield of US long-term treasury bond bonds fell. The US dollar continued to fall yesterday Gold prices hit a three week high with four consecutive bullish days
Insights into Stock Market Performance, Cryptocurrency Trends, and Forex Movements
WCG Markets:2023-12-28
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
Nigeria’s apex bank has unbanned Nigerian banks from facilitating crypto transactions after almost two years of enforcing a ban on their engagement with digital currencies. A few days ago, the Central Bank of Nigeria (CBN) sent a circular to banks, recognizing that the rise in global demand and adoption of crypto requires removal of the restrictions placed on financial institutions.
At the end of the Asian market on Wednesday (December 27), yesterday evening, the US released the December Dallas Fed Business Activity Index, with a published value of -9.3 and a previous value of -19.9.
EURUSD continues developing a growth wave to 1.1040. Upon reaching this level, the quotes might form a corrective link to 1.0986 (a test from above). Next, a rise to 1.1055 is expected, possibly followed by a new decline wave to 1.0888.
JPY May Extend Corrective Wave. The overview also details the dynamics of EUR, GBP, CHF, AUD, Brent, Gold, and the S&P 500 index.
After losing 11.9% of its value against the US dollar in 2022, 2023 has seen a period of consolidation for the pound, and a much more uneventful year than was the case in 2022 when we saw wild swings between highs of 1.3530 and a low point of 1.0350.
Caution clouded U.S. stocks before the opening bell on Friday as traders eagerly anticipated a crucial inflation metric, a key factor influencing the Federal Reserve’s policy decisions.