Monthly Archives: May 2023
Dollar Surges On Robust Economic Data, Fueling Investor Confidence
Written on May 26, 2023 at 6:06 am, by lishitong
The US Dollar was buoyed by robust US economic data and positive market sentiment. US GDP exceeded expectations, posting a strong growth rate of 1.30% compared to the projected 1.10%. Encouraging job market data also contributed to the dollar’s strength, with Initial Jobless Claims coming in lower than anticipated at 229K. The increased likelihood ofContinue Reading
Upcoming Weekly Adjustment on Index Dividend Notice
Written on May 25, 2023 at 7:15 am, by lishitong
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. Please refer toContinue Reading
Credit Rating Agencies Threatens to Cut U.S. Rating
Written on May 25, 2023 at 5:56 am, by lishitong
Fitch has threatened to lower the US’ AAA rating as the debt ceiling issue remains at an impasse Wall Street slid as well as the Asian stock markets as the worries over the debt ceiling escalated when the time was getting closer to the X-date. Meanwhile, the dollar strengthened to its highest level since MarchContinue Reading
