USD/JPY to face explosive volatility as BOJ intervention looms
Yesterday, the Federal Reserve sparked bullish momentum for the dollar, driving the USD/JPY pair to reach a fresh 10-month peak at 148.47.
Gold Potentially Retests the 1,900 Area
Gold extended its decline for the third straight time on Thursday, weighed down by a jump in the US Dollar and US bond yields after the Federal Reserve reiterated its hawkish stance on interest rates. Gold fell 0.5% to hit a low of 1,913.91.
WCG Markets:2023-09-22
WCG Markets:2023-09-22
09/21 Market report
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
MHMarkets：September 21, 2023--Fundamental Reminder
The dollar index fell and then rose on Wednesday, falling below 105 and hitting an intraday low of 104.66, before recovering all its losses and turning positive to end up 0.11% at 105.32. In U.S. Treasury yields, the two-year yield stood at 5.1% to close at 5.171%. The yield on the 10-year Treasury note rose to a session high of 4.411% before closing at 4.399%.
On Wednesday, the US stock market opened higher and moved lower, and the US bond yield rose with the US dollar
On Wednesday (September 20), the US stock market opened higher and moved lower, and US bond yields rose with the US dollar.
WCG Markets:2023-09-21
WCG Markets:2023-09-21
09/20 Market report
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
Forex trading: How the most liquid market works
Forex trading, boasting over 6 trillion USD in daily trades in 2023, is the largest market in the world. It is renowned for its liquidity, enabling seamless transactions 24 hours a day, 5 days a week.
USD/CAD recovers to 1.3450 region as Greenback rebounds
The USD/CAD started Tuesday in freefall, declining from the day’s open near 1.3480 and tapping into 1.3380. Rising oil prices are bolstering the Loonie (CAD), as concerns over global supply constraints knock crude barrel costs into the ceiling.
GBP/JPY: Steady Below 183.00 Mark as BoE and BoJ Rate Decisions Loom.
The GBP/JPY currency pair is in a subdued state, hovering just below the 183.00 level as traders brace for two pivotal central bank meetings. With the Bank of England (BoE) and the Bank of Japan (BoJ) on the horizon, market participants are gearing up for potential shifts in the exchange rate.
EURUSD at key level going into US interest rate decision.
Heading into significant US data this week, the EURUSD finds itself once again at a compelling technical level. Throughout the majority of 2023, it successfully maintained its position within an ascending channel.
MHMarkets：The US dollar continues to move sideways, while non US currencies and precious metals await the Federal Reserve's interest rate resolution and Powell's speech, while US crude oil reverses downward!
During the trading session in Sanya, spot gold suddenly experienced a sharp drop in the short term, with the gold price just breaking below the 1930 US dollar/ounce mark.
MHMarkets：September 20, 2023--Fundamental Reminder
The dollar index followed a V-shaped pattern on Tuesday, falling to an intraday low of 104.81 before strongly recovering all its losses to end up 0.06% at 105.13. In U.S. Treasury yields, the two-year yield rose sharply to close at 5.092%; The yield on the 10-year Treasury note closed at 4.365%; The yield on the five-year Treasury rose as high as 4.504%, its highest since 2007.
Prior to the Federal Reserve's interest rate meeting, the US dollar continued to maintain a strong trend
On Tuesday (September 19), before the Federal Reserve issued its interest rate resolution, the yield of treasury bond bonds rose and the stock market fell.
WCG Markets:2023-09-20
WCG Markets:2023-09-20
09/19 Market report
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
European stocks edge lower; caution ahead of central bank meetings
European stock markets edged lower Monday, as investors braced for a week packed with central bank meetings, including from the U.S. Federal Reserve.
Defense industry stocks: key factors to consider in trading
The defense industry, an integral part of national security, often captures attention due to its strategic importance and global implications. However, beyond geopolitical considerations, defense industry stocks have become an intriguing area for investors and traders, however you need to go into it with caution.
DAX 40 & DOW JONES: Weekly analysis 18th – 22nd September
Market Trends Last week saw intensive stock market fluctuations influenced by the growing US inflation and the quarterly rollovers. The following week is likely to bring forward significant macroeconomic data, drawing attention from investors and economists alike.
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