Forex Trading - RichDadph

2023-03-24 02:47:21 On March 24, 2023, U.S. stock markets rose as investors were hopeful that the Federal Reserve may pause its interest rate hikes.

The Dow Jones Industrial Average gained 0.23%, the S&P 500 rose by 0.3%, and the Nasdaq Composite Index surged by 1%.

Despite the Fed's commitment to fight inflation, the Swiss National Bank and the Bank of England raised interest rates.

In commodities, Brent crude oil slipped 1% to $75.91 a barrel, while gold prices revisited $2,000/oz.

Cryptocurrencies soared, with Bitcoin rising above $28,000 and Ether surging to its highest level since August.

https://www.richdadph.com/2023/03/23/stocks-rise-on-feds-hint-of-pause-commodities-mixed-cryptocurrencies-surge/

Stay informed of the latest market updates and trends to make informed investment decisions.Stay informed of the latest market updates and trends to make informed investment decisions.

#MarketUpdate #FinancialNews #StockMarket #Commodities #Cryptocurrencies #DailyMarketUpdate #FedRateRises #StockMarket #Commodities #CryptocurrencySurge Open / Comment

2023-03-23 14:11:12 #EURNZD Intraday:
The downside prevails as long as 1.7369 is resistance Open / Comment

2023-03-23 14:11:08 #NZDUSD Intraday:
As long as 0.6246 is support look for 0.6325 Open / Comment

2023-03-23 14:04:37 #28Pairs Technical Analysis Summary
Thursday, March 23, 2023 7:04:15 pm PHST Open / Comment

2023-03-23 14:02:30 #XAUUSAD H1 SETUP Open / Comment

2023-03-23 13:58:37 Gold Prices Turn to US Initial Jobless Claims to Gauge SVB Economic Shock.
Gold prices gained about 1.6% on Wednesday in the aftermath of the Federal Reserve rate decision and Chair Jerome Powell’s press conference.
- GOLD, XAU/USD, FEDERAL RESERVE, JOBLESS CLAIMS - BRIEFING:
Read the full details here:
https://www.wikifx.com/en/newsdetail/202303238174232564.html?source=fre3 Open / Comment

2023-03-23 09:43:33 Daily Market Update – Thursday, March 23, 2023

The US Federal Reserve has delivered a 25 basis-point interest rate hike leading to Wall Street's sharp decline with the Dow, S&P 500, and Nasdaq losing approximately 1.6%.

The Fed's policy statement no longer states that ongoing increases in rates will be appropriate.

The market faced conflicting narratives from the Fed Chair Jerome Powell and Treasury Secretary Janet Yellen's remarks.

Powell indicated that the Fed is in a 'wait and see mode' regarding the impact of the anticipated tightening of credit standards on the economy and inflation.

The Dollar Index fell 0.63% to 102.500, with EUR/USD up 0.87% to 1.0861.

The British Pound rose after the UK inflation came in hotter than expected. The Bank of England is widely expected to raise rates by a quarter point to 4.25%.

Gold revisited the high of $1900s after snapping two days of losses.

Crude oil prices rallied for the third straight day helped by a US government report of a larger-than-expected drawdown from fuel stockpiles and the dollar’s continued tumble ahead of the Federal Reserve’s latest decision on interest rates.





#DanielAng Open / Comment

2023-03-21 16:15:16 YouTubers who promoted FTX have now been handed a $ 1 billion lawsuit.
According to Yahoo Financial, a couple of financial YouTubers are being chased hard for more than $ 1 billion by victims who suffer from the scam of collapsed FTX.
- According to Federal Trade Commission (FTC) guidelines for social media influencers, creators must clearly disclose when they are being paid to promote a product.

Read the full news here:
https://www.wikifx.com/en/newsdetail/202303213694140262.html?source=fre3 Open / Comment

2023-03-21 15:35:03 #USDJPY H1 SETUP Open / Comment

2023-03-21 14:50:17 #XAUUSD Intraday:
Consolidation. SELL positions below 1984.00 with targets at 1955.00 & 1945.00 in extension. Open / Comment