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GemForex - weekly analysis

Analysis for the week ahead: Markets remain worried by global recession fears

Review 2022-08-16 21:13

Mohicans markets:Gold 'bearish engulfing' Eyes on Important Support Crude Oil Bears Turns To the Geopolitical Situation Again

On Tuesday, August 16, spot gold in the Asian session was under pressure below the pivot point at 1783.26, and the first support was at 1771.68. Spot silver was also in a bearish trend, hitting an intraday low and then rebounding. It is currently testing the first resistance at 20.21. WTI crude oil fell below the pivot point of 88.65. The US dollar index finished higher and fell, or found support at 106.47.

News 2022-08-16 18:34

An Expert Offers His Top 10 Suggestions for Effective Forex Trading

Fred Razak, Chief Trading Strategist from CMTrading, has been trading on the financial markets for well over 20 years. And as Africa’s largest brokerage celebrates its 10th anniversary, Razak shares some of his top tips for aspiring traders.

News 2022-08-16 18:31

Mohicans markets:Risk Aversion Boosted Dollar Draft of Iran Nuclear Deal Released

On Monday, August 15, spot gold fell sharply since the Asian session, falling below the $1,800 mark and once fell nearly $30, and finally closed down 1.25% at $1,779.87 per ounce; spot silver fell with gold, closing down 2.65 %, at $20.27 an ounce.

News 2022-08-16 15:17

WIKIFX REPORT: UZBEKISTAN RESTRICTS ACCESS TO UNLICENSED FOREIGN CRYPTO EXCHANGES

Under the regulations, cryptocurrency exchanges must be licensed in Uzbekistan. From January 1, 2023, Uzbek citizens and companies are legally permitted to conduct transactions only with licensed cryptocurrency exchanges, NAPP said. The Uzbekistan government announced restrictions on access to several big global cryptocurrency exchanges as they are allegedly carrying out unlicensed activity on 10th August.

News 2022-08-16 14:37

WIKIFX REPORT: US stocks give up early gains as bulls fail to hold key support and yields rise

US indexes finished mixed with early gains on a post CPI honeymoon and a soft PPI were erased during the session as investors realised they may have become too optimistic about a Fed pivot, with the drift lower in risk coinciding with a sharp rebound in bond yields.

News 2022-08-16 14:25

WIKIFX REPORT: UK Summer Bank Holiday Schedule – 2022

The Summer Bank Holiday (England and Wales) takes place on the last Monday of August. Yet, this wasn't always the case. Along with Scotland and Northern Ireland, England and Wales celebrated the Summer Bank Holiday on the first Monday of August.

News 2022-08-16 14:15

WIKIFX REPORT: NZD RALLY CONTINUES

NZD/USD has posted strong gains today. In the North American session, NZD/USD is trading at 0.6452, up 0.75% on the day. It has been a banner for the kiwi, which has jumped by a massive 3.37%.

News 2022-08-16 13:50

WIKIFX REPORT: Malaysia Q2 GDP Surges 8.9% in Post-Pandemic Boom

Malaysia’s economy grew at the fastest clip in a year, fueled by a surge in consumption underpinning the recovery of services and manufacturing, boosting the central bank’s scope to focus on fighting inflation.

News 2022-08-16 13:47

WIKIFX REPORT: Gold Loses Some Sheen as Hawkish Fed Outweighs Softer Inflation

Inflation has been the topic if discussion recently as the prices retreated on Friday, as hawkish comments on interest rate hikes by the Federal Reserve outweighed optimism over signs of cooling U.S. inflation.

News 2022-08-16 13:45

WIKIFX REPORT: Gold Holds its Own After Wrecker-Ball of U.S. Jobs Report, Dropping Just 1%

While those in the gold market began Friday’s trading, the ominous question was whether the yellow metal’s prices will survive another wrecker-ball of a U.S. jobs report?

News 2022-08-16 13:40

WIKIFX REPORT: GBP/USD LOWER ON GDP

GBP/USD has come under fresh bearish pressure and declined below 1.2200 in the early trading hours of the European session on Friday. The pair stays within a touching distance of the key support that aligns at 1.2175 and a failure of this level could bring in additional sellers.

News 2022-08-16 13:35

WIKIFX REPORT: FIVE STATE-OWNED CHINESE COMPANIES TO DELIST FROM NYSE

Five state-owned Chinese companies, including the country's leading energy and chemical company, have chosen to delist from the New York Stock Exchange by the end of August.

News 2022-08-16 12:25

WIKIFX REPORT: Fed’s Bowman: more 75 basis-point hikes should be on the table

The U.S. Federal Reserve should consider more 75 basis-point interest rate hikes at coming meetings in order to bring high inflation into next year for necessities including food, housing, fuel, and vehicles.” The Fed governor also noted that crypto assets “could benefit from more regulatory clarity.”

News 2022-08-16 12:23

WIKIFX REPORT: China, Australia Stocks Rattled by new COVID Lockdown

In contrast to most other Asian stocks, which trended upward on additional evidence of reducing U.S. inflation, Chinese and Australian stocks slumped on Friday after a COVID-19 lockdown in the commodities hub of Yiwu roiled confidence.

News 2022-08-16 12:19

WIKIFX REPORT: China expedites local govt debt issuance to bolster capital of smaller banks

In order to speed up the issuance of special local government bonds to help boost the capital of small and medium-sized banks, China's banking regulator worked with the finance ministry and central bank, according to China Banking and Insurance News.

News 2022-08-16 12:16

WIKIFX REPORT: Assumption Day Trading Schedule 2022

To all Trades of IC Markets, an Australia-based global forex broker founded in 2007, having a mission to create the best and most transparent trading environment for retail and institutional clients.

News 2022-08-16 12:12

WIKIFX REPORT: African Nations Moving to Gold

Since 1886, when prospectors discovered a number of gold-bearing reefs near the present-day South African city of Johannesburg, the African continent has become renowned for its gold production. As a result of the region's production boom, South Africa produced 30% of the world's gold for decades, dominating the gold market for more than a century.

News 2022-08-16 12:01

Many Dare in Forex That You Should Careful

Dare is something to be afraid of by traders. It is because traders don't know how to deal with it. However, some traders get their satisfaction if they conquer it.

News 2022-08-16 01:31

Mohicans markets:Gold Bulls are Still Strong Despite Resistance at 1800, and Crude Supply Improvement Depends on Inflation

On Monday, August 15, spot gold in the Asian session fell below the pivot point of 1791.41, and if it breaks below 1786.94, it may further open up the downside. Spot silver fell to the first support of 20.51. WTI crude oil was under pressure below the pivot point of 92.37 and fell downwards Test the first support at 90.44. The US dollar index is approaching the 106 mark, and the first upward target is 106.17.

News 2022-08-15 19:21
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