Mohicans markets：The Market Awaits Signals From the U.S. Market
On Tuesday, September 6, spot gold was trading lower in Asian trading, turning into a bullish trend and approaching the first support at 1716.76; spot silver held steady above the pivoting point at 18.18, with primary support at 18.50; WTI crude oil was testing the pivoting point at 88.90, and once briefly broke the first support at 88.48, so we need to pay attention to its post-market direction choice.
Mohicans markets：Pay attention to the RBA resolution Focus on the U.S. PMI data in August
On Monday, September 5, spot gold was caught in a range-bound oscillation, fluctuating by $8, eventually closing up 0.15% at $1,710.62 per ounce; spot silver erased some of its gains, eventually closing up 1.16% at $18.16 per ounce. The U.S. dollar index rose and fell, gaining and losing the 110 mark, giving back most of the day's gains, eventually closing up 0.182% at 109.83.
WIKIFX REPORT: Microsoft Surpasses Earnings Expectations: What Can We Expect From MSFT?
Microsoft gave an encouraging sales forecast for the current fiscal year, soothing fears that the strong US dollar and a weakening economy would ravage sales. Microsoft Corp. (MSFT) has posted robust profit and revenue growth in recent years, including amid the global pandemic. But a strong U.S. dollar and unusually high inflation are curbing Microsoft's growth outlook. In early June, the company lowered guidance for fiscal Q4, which ended June 30.
WIKIFX REPORT: Gold price back to near $1700: Will the metal bounce back?
If the metal breaks below the $1700, the slump will quickly extend toward the $1680/70 mark. The gold price came close to hitting $1700 in the past 12 hours. The reason for such significant weakening was created by the substantial strengthening of the US dollar and the sharp rise in interest rates around the world. Especially the US central bank, which is pursuing an aggressive monetary policy to get inflation under control.
WIKIFX REPORT: Ford(F) hits a new 52-week low: Is Ford stock a bargain buy?
Ford (NYSE:F) shares hit another-week low last week, despite high demand for both its EVs and traditional gas-powered cars. The stock has taken a hit in the recent downturn and plunged from $25 to almost near $10 per share since January 2022. The ongoing shortage of semiconductors also caused solid bearish momentum. However, I believe the Ford shares are now an absolute bargain for patient investors.
GemForex - weekly analysis
The Week Ahead – A escalating energy crisis, and UK's next PM
WIKIFX REPORT: EURUSD: Is the bottom nearby?
The Currency Pair EUR/USD is the shortened term for the euro against U.S. dollar pair, or cross for the currencies of the European Union (EU) and the United States (USD). The euro slumped to a fresh two-decade low of 0.9900 against the US dollar on Tuesday as the latest surge in European gas prices added to worries about a recession. European gas prices break the $3,000 mark this week after Gazprom's announcement of unscheduled maintenance at the Nord Stream 1 pipeline at the end of this month.
WIKIFX REPORT: European markets open much lower
European markets opened significantly lower on Thursday, alongside Asian shares and US futures, as fear continues to dominate.
Saxo Bank's Volume Falls For The Third Month In A Row To $311.8 Billion
Saxo Bank, a Danish FX and CFD trading services provider, reported a decrease in total monthly volume for the third consecutive month in August.
Week Ahead – Top 3 Market Events Author – Connor Woods, Senior Market Analyst Date: September 5th – September 9th
Last week’s Non-Farm U.S Payrolls provided a mixed bag for traders. With a new week beginning today, traders look to Federal Reserve speak, as well as an important European report. Find out all the main talking points in our week ahead article!
Mohicans markets： Focus on the European energy crisis Pay attention to the European Central Bank developments
On Monday September 5, Spot gold remained range-bound in Asian trading, and is currently trading around 1711.93. The market may then face a choice of direction, the upside focus on resistance 1712.69. Spot silver stabilized above the 18 mark, the primary upside target to 18.17. WTI crude oil intra-day gains expanded to 2%, the first resistance focus on 89.47.
Reports From Interactive Brokers DARTs Increased By 8% Year On Year In August
Interactive Brokers (Nasdaq: IBKR), a well-known American electronic trading platform with a worldwide reach, has released its August performance data. The Daily Average Revenue Trades (DARTs) totaled 1.968 million, up 8% from the previous month but down 9% from the previous year.
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eToro Launches Australian Stock Portfolio
eToro, one of the world's biggest social investing networks, has extended its services and added an Australian stock portfolio to better serve its customers. According to eToro, the AussieEconomy portfolio will provide customers with exposure to some of the best-performing companies in the Australian financial markets.
Mohicans markets：Focus on the ECB interest rate resolution this week
On Friday, September 2, spot gold recovered the $ 1710 mark, once upward approaching the $ 1720 mark, which finally closed up 0.91% at $ 1712.84 per ounce; spot silver rallied back to the highs, late testing the $ 18 mark, which finally closed up 1.23% at $ 18.06 per ounce. The U.S.
TMGM: An Entire World of CFD’s
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Mohicans markets：Market Awaits Non-farm Payroll Report
On Friday September 2, spot gold in the Asian session broke through the pivot point of 1697.55, and is currently approaching the first upward target to focus on 1705.86. Spot silver extended intraday gains, keeping an eye on resistance at 18.17. WTI crude oil continued the rebound trend, and the main resistance is 90.07. The US dollar index fell below the pivot point of 109.50, and the first support below is 109.18.
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WIKIFX Broker's News: MTFE Launched Their New Office In Bangladesh
MTFE inaugurated its new satellite office in Bangladesh on August 30, 2022. As we all know, forex trading has become a popular way for many people to gain money. Bangladesh has long been renowned as a country having a considerable number of local merchants. The new MTFE office is in Feni, Bogura, Bangladesh