𝗠𝗔𝗥𝗞𝗘𝗧 𝗡𝗘𝗪𝗦 | Nov 4th ❤️❤️🌹🌹
#commodities:
Fears of higher-than-previously-expected U.S interest rate and possibly dented #fueldemand in China caused #oilprices to plummet. Brent crude futures slid 0.2% to $94.45 per barrel and were set to drop more than 1% for the week. Meanwhile U.S WTI futures extended 0.3% loss to $87.90, remaining flat for the entire week. More than that, the #BoE thinks that Britain has entered a recession.
Although #goldprices slightly regained, the mighty dollar and hawkish Fed moves put metal markets on course to end the week lower. Spot gold rose 0.1% to $1,631.88 an ounce while gold futures increased 0.2% to $1,633.75. Both instruments were set to lose about 1% for the week.
#currencies:
#dollar was on track for its best week performance in over a month, with the index up 2% for weekly gain and having firmed at 112.90. #sterling was expected to fall nearly 4% for the week after rising 0.1% to $1.1170. Investors worried about the risk of the U.K's longest #recession brought by BoE’s rising rates, anticipating lower borrowing costs. The #euro also moved in tandem with sterling, up 0.08% at $0.97575. #yen rose a marginal 0.07% to 148.155 per dollar. Kiwi and Aussie lost.
#cryptocurrencies:
Even though a small dip in the U.S weekly jobless claims and BoE’s rate hikes threatened the global economy, both largest cryptocurrencies were still trading comfortably. Bitcoin held steady at about $20,200 while Ethereum settled over $1,500. Only Doge plummeted
Jolie Do:
Forex Trading Specialist/ Relationship Manager at ForexCEC - DNBC Global Markets.
ForexCEC - DNBCグローバルマーケットの外国為替取引スペシャリスト/顧客関係マネージャー
Message me to discuss more. ❤️
#forex #trading #外国為替取引 #金融投資 #フォレックス #forexcec #dnbcglobalmar
Edited 04 Nov 2022, 14:46
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
-THE END-