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Monthly Archives: July 2023

CFD Rollover Notice for July

Written on July 4, 2023 at 8:55 am, by

Dear Valued Client, Please be advised that the following CFD instruments will be automatically rolled over as per the dates in the table below. As there can be a pricing difference between old and new futures contracts, we recommend clients to monitor their positions closely and manage positions accordingly. Expiration dates: *All hours are providedContinue Reading

Aussie Dollar Gains Ahead Of RBA Rate Decision

Written on July 4, 2023 at 6:39 am, by

The disappointed PMI reading indicates a lack of optimism in the manufacturing sector Investors await the RBA’s interest rate decision, expecting a 25 bps rate hike. Despite Australia’s CPI dropping to 5.6%, it remains distant from the 2% target. Meanwhile, the Purchasing Managers’ Index (PMI) readings in both the United States and the Eurozone indicateContinue Reading

U.S. PCE Shows Inflation Moderating

Written on July 3, 2023 at 6:03 am, by

Cooling inflation has given hopes to the equity markets and weighed on the dollar The US Dollar has strengthened significantly as economic data exceeded expectations, bolstering confidence in the currency. Furthermore, the robust performance of the banking sector has ignited positive momentum in the US equity market. The Federal Reserve’s stress test results have demonstratedContinue Reading

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