MHMarkets：Federal Reserve Governor Michelle Bowman said she still believes the Fed will need to further raise interest rates to curb inflation.
At the end of the Asian market on Wednesday (November 8), Federal Reserve Governor Michelle Bowman recently stated that she still believes the Fed will need to further raise interest rates to curb inflation. Michel Bowman stated that;
MHMarkets：November 08, 2023--Fundamental Reminder
The dollar index continued its rebound from last week's sharp selloff on Tuesday, eventually closing up 0.209% at 105.52. U.S. Treasury yields resumed their decline, led by long-term yields. The yield on the 10-year Treasury note closed at 4.571%; The yield on the two-year Treasury note, which is more sensitive to the Fed's policy rate, closed at 4.915%.
STARTRADER Hosts a Two-Day Seminar on Financial Market Strategies in Nakhon Phanom
STARTRADER recently concluded a successful seminar titled "Navigating New Frontiers in the Financial Landscape." The event took place from October 28th to 29th, 2023, at Pak Ping Ing Khong in Nakhon Phanom, Thailand.
OTFX analysts: Euro/US dollar encounters resistance, market focuses on Powell's statements.
This week, the Euro/US Dollar trading exhibited an upward movement followed by a retreat, and the market is closely monitoring this critical technical juncture.
OTFX analysts interpret the pound's 37-year low against the US dollar, signaling challenges ahead for the United Kingdom.
The pound's exchange rate against the US dollar has reached a 37-year low, underscoring the numerous challenges facing the United Kingdom.
OTFX: Analyzing the latest developments and trading strategies for the USD/JPY forex market.
USD/JPY currency pair continued its corrective rebound, maintaining itself above the 150 level, with the current quote at 150.39.
The US dollar rose, world stock markets regained ground, and Wall Street stock markets soared; Several Federal Reserve officials delivered hawkish speeches, causing gold prices to fall to a new low in nearly two weeks
The US dollar rose, world stock markets regained ground, and Wall Street stock markets soared; Several Federal Reserve officials delivered hawkish speeches, causing gold prices to fall to a new low in nearly two weeks
WCG Markets:2023-11-08
WCG Markets:2023-11-08
11/08 Market report
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
11/07 Market report
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
The US dollar was basically flat, buffered by depressed market sentiment and rising US bond yields Gold pressure reduction and consolidation
The US dollar was basically flat, buffered by depressed market sentiment and rising US bond yields Gold pressure reduction and consolidation
MHMarkets：Federal Reserve Governor Cook: The debt issue will not pose a significant threat to the US economy.
At the end of the Asian market on Tuesday (November 7), in response to the debt issue of the US government, Federal Reserve Governor Lisa Cook countered on Monday that the financial conditions of households, businesses, and banks were quite good and did not seem to pose a significant threat to the US economy.
MHMarkets：November 07, 2023--Fundamental Reminder
The dollar index recovered some ground on Monday as the market's focus turned to remarks from Fed officials including Powell, falling as low as it has since Sept. 20 before closing up 0.209% at 105.3.
WCG Markets:2023-11-07
WCG Markets:2023-11-07
USDCAD appears dicey ahead of US, Canada employment data
The risk appetite remains slightly positive despite the market’s anxiety ahead of the US and Canadian employment report for October. That being said, receding fears from Gaza join downbeat yields and fresh concerns suggesting no more rate hikes from the Fed in 2023 to weigh on the US Dollar, especially amid the recently mixed data and the Fed’s lack of hawkishness.
Some weakness for the dollar as the Fed holds rates
The Federal Open Market Committee left its funds rate on hold at 5.25-5.5% on Wednesday 1 November, as widely expected.
Goldman Sachs boosts Indian presence with record managing director promotions
Goldman Sachs (NYSE:GS) has emphasized its commitment to global expansion by announcing its largest-ever batch of promotions to the Managing Director (MD) level in India.
MHMarkets：The crisis of the US government's shutdown is approaching again, and Speaker of the House: Members of the House are busy formulating temporary measures.
At the end of the Asian market on Monday (November 6), the new Speaker of the US House of Representatives, Mike Johnson, stated that at the end of the week, representatives were busy developing a stopgap plan to continue providing funding to the US government after the deadline of November 17.
MHMarkets：November 6, 2023,--Fundamental Reminder
Last Friday, with weaker than expected US employment data and ISM services data increasing speculation about the end of the Federal Reserve's interest rate hike, the US dollar index plummeted and hit the 105 mark in the session, marking the first time since September 20. It ultimately closed down 1.017% at 105.08.
Trading Hour Schedule Changes for US Daylight Saving
Please note that in observance of the upcoming Daylight Saving Time in US, there will be changes to STARTRADER's trading schedule from 6th November 2023.
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