Monthly Archives: August 2024
Gold Price Tops $2500 For the First Time
Written on August 20, 2024 at 1:56 am, by
Market Summary Gold prices soared above the $2,500 mark for the first time, driven by expectations of potential interest rate cuts, which have weakened the dollar to its recent low levels. Market participants are now focused on Wednesday’s FOMC meeting minutes for insights into the Fed’s next monetary policy moves. Additionally, Federal Reserve Chair JeromeContinue Reading
Dollar Rebound On Upbeat U.S. Economic Indicators
Written on August 20, 2024 at 1:54 am, by
Market Summary The U.S. dollar rebounded after being weighed down earlier in the week by softer-than-expected PPI and CPI readings. The turnaround was driven by stronger-than-anticipated U.S. Retail Sales growth and Initial Jobless Claims, which eased recession fears and bolstered the dollar’s strength in the last session. Wall Street reacted positively to the upbeat economicContinue Reading
Share CFDs Products Adjustment Notice
Written on August 19, 2024 at 6:13 am, by glennsong
Dear Valued Client, Please be advised that the leverage on all Share CFDs products will be adjusted starting from 26th August 2024 to further optimise the competitiveness and improve the trading environment. Please refer to the table below for US Shares CFDs adjustment: Please refer to the table below for EU/UK Shares CFDs adjustment: *AllContinue Reading
