The Euro continues its persistent downward trend as OTFX analysts offer profound insights.
The market performance of the Euro against the US Dollar during Monday's trading session has drawn widespread attention
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MHMarkets：The current market has basically ruled out the possibility that the Fed will raise interest rates further.
At the end of the Asian market on Friday (November 17), US Fed Chairman Loretta Mester stated in an interview with US media on the 16th that the Fed has made "significant progress" in curbing inflation and needs to see "more evidence that inflation is returning to the 2% (target) track in a timely manner" in the future.
MHMarkets：November 17, 2023--Fundamental Reminder
On Thursday, unemployment data showed weakness in the labor market, reinforcing the view that the Fed is unlikely to raise interest rates further. The dollar index fell short term, approaching the 104 mark before recovering and finally closing near flat at 104.39. Treasury yields fell back to week lows. The yield on the 10-year Treasury note closed at 4.441%; The yield on the two-year Treasury note, which is more sensitive to the Fed's policy rate, closed at 4.85%.
OTFX Analysis: USD/JPY Breaks Through 150.00 Resistance, Targeting 152.00
The USD/JPY exchange rate has successfully broken through the significant key resistance level of 150.00.
Forex4you Introduces Swap-Free Fee Accounts for Trading Cost Efficiency
Forex4you Introduces Swap-Free Fee Accounts for Trading Cost Efficiency
WCG Markets:2023-11-17
WCG Markets:2023-11-17
WCG Markets:2023-11-17
WCG Markets:2023-11-17
11/17 Market report
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
MHMarkets：US October retail sales decreased by 0.1% month on month, which was the first decline since March of this year.
At the end of the Asian market on Thursday (November 16), the US Department of Commerce released data on the 15th local time, showing that US October retail sales decreased by 0.1% month on month, which was the first decline since March of this year.
MHMarkets：November 16, 2023--Fundamental Reminder
On Wednesday, the dollar index recovered some ground, holding the 104 mark and finally closing up 0.317% at 104.4. Treasury yields turned higher intraday. The yield on the 10-year Treasury note closed at 4.543%; The yield on the two-year Treasury note, which is more sensitive to the Fed's policy rate, closed at 4.916%.
US PPI data hit a new low in nearly 8 months The decline in inflation has increased expectations that the Federal Reserve has already completed interest rate hikes
US PPI data hit a new low in nearly 8 months The decline in inflation has increased expectations that the Federal Reserve has already completed interest rate hikes
11/16 Market report
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
MHMarkets：US inflation has cooled and the market expects the Fed's current round of rate hike to end.
At the end of the Asian market on Wednesday (November 15), data released by the US Department of Labor showed that the US Consumer Price Index (CPI) fell to 3.2% year-on-year in October from 3.7% last month, lower than the market's expected 3.3%.
MHMarkets：November 15, 2023--Fundamental Reminder
On Tuesday, the Fed's interest rate rise was boosted by weaker-than-expected inflation data in the U.S. The dollar index fell to 104 for the first time since Sept. 1 and was last down 1.523% at 104.07.
US CPI data falls short of expectations and US dollar index plummets Gold rebounded to a new week high
US CPI data falls short of expectations and US dollar index plummets Gold rebounded to a new week high
OTFX Analysis: AUD/USD Trend Watch - Potential Support Level Near 0.6200 to Capture Market Attention
In recent months, the AUD/USD exchange rate has remained in a bearish trend.
11/15 Market report
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
AUS Global Going Global in Egypt at Smart Vision Investment Expo 2023
In the dazzling month of November 2023, the spotlight swung onto AUS Global at the Smart Vision Investment Expo – Egypt 2023
MHMarkets：Morgan Stanley economists predicted that the Fed would cut interest rates sharply over the next two years as inflation cooled.
At the end of the Asian market on Tuesday (November 14), Morgan Stanley economists predicted that the Fed would cut interest rates sharply over the next two years as inflation cooled.