Monthly Archives: April 2023
Upcoming Changes to Trading Hours
Written on April 19, 2023 at 7:08 am, by lishitong
Dear Valued Client, Please be advised that the following instruments’ trading hours and market session times will be affected by the upcoming April holidays. Please refer to the table below outlining the affected instruments: * All hours are provided in GMT+3 (Server Time in MT4/MT5.) Please note that in the event of reduced liquidity inContinue Reading
Dollar Struggles as Investors Remain Sceptical of Fed’s Hawkish Tone
Written on April 19, 2023 at 6:03 am, by lishitong
The US Dollar continues to struggle as uncertainty over US monetary policy lingers in the global financial market. Despite hawkish comments from Atlanta Fed President Raphael Bostic and James Bullard regarding the need for rate hikes to combat inflation, market participants remain sceptical as the recent inflation data from the US region has shown signsContinue Reading
China’s GDP Shows Solid Economic Recovery
Written on April 18, 2023 at 6:05 am, by lishitong
Economic growth in the world’s second-largest economy will be bullish for oil prices China’s freshly released economic data has shown resilient growth in the country compared to the previous quarter. China’s GDP in the first quarter surged to 2.2% from the previous quarter’s 0%, a favourable sign that could potentially stimulate higher oil prices. Moreover,Continue Reading
