Monthly Archives: March 2023
Daylight Saving Time Adjustment Notice – March 08, 2023
Written on March 8, 2023 at 2:50 am, by anakin
Dear Client, The adjustment of DST will be commencing on March 12th. Please consider below carefully: The trading sessions of some products on MT4/MT5 will be changed as follows. Please find the table below for more information. The above data is for reference only, please refer to the MT4/MT5 software for specific data. If you’dContinue Reading
Powell’s Hawkish Remarks Spark Wall Street Sell-Off and Recession Concerns
Written on March 8, 2023 at 2:42 am, by anakin
Jerome Powell’s hawkish rhetoric triggered a surge in Federal Reserve rate expectations, sparking concerns of a potential recession and causing a sell-off in the riskier segments of the market, resulting in Wall Street experiencing a reality check. During a Senate hearing, Powell suggested that the Fed may accelerate the pace of tightening and raise interestContinue Reading
US Stock Market Struggles Amid Economic Risks and Key Events
Written on March 7, 2023 at 2:58 am, by anakin
The US stock market struggled to make gains due to concerns that a recent surge in prices may be overblown, given ongoing economic risks. The fate of the 2023 stock market recovery hinges on four major events before the Federal Reserve’s March 22 meeting, which will determine if the market will rebound after its FebruaryContinue Reading
Week ahead: Focus on RBA, BOJ, and BOC rate statements and US Employment Change
Written on March 6, 2023 at 3:00 am, by anakin
Major central banks are setting the stage for global markets this week, as key economies such as Japan and Australia will announce changes to their benchmark interest rates. The markets will also closely observe the US and Canada Employment Change. Monitoring these key metrics worldwide can help traders make better trading decisions. Here are keyContinue Reading
US Stocks Rebound, Bond Yields Up, Gold Surges on Weaker Dollar
Written on March 6, 2023 at 12:27 am, by anakin
US stocks managed to snap a three-week losing streak following Friday’s rally. Market sentiment remained upbeat despite a report showing resilience in the service sector, as more investors wagered the impact of the Fed’s hikes on the economy would be delayed. Bond yields rose for the week though Treasuries rallied on Friday, with the 10-yearContinue Reading
US stocks rebound as Fed hints at possible rate pause
Written on March 3, 2023 at 1:39 am, by anakin
US stocks rebounded on Thursday, ending a two-day losing streak, following Federal Reserve Bank of Atlanta President Raphael Bostic’s announcement that the central bank may pause rate hikes this summer. US Treasury bond yields had earlier risen to multi-month highs amid inflation fears, supporting the US dollar. However, other central bank officials have reiterated hawkishContinue Reading
Weekly Dividend Adjustment Notice – March 02, 2023
Written on March 2, 2023 at 8:01 am, by anakin
Dear Client, Please note that the dividends of the following products will be adjusted accordingly. Index dividends will be executed separately through a balance statement directly to your trading account, and the comment will be in the following format “Div & Product Name & Net Volume ”. Please refer to the table below for moreContinue Reading
US Stocks Slide on Persistent Inflation Concerns and Hawkish Fed Tone
Written on March 2, 2023 at 2:55 am, by anakin
US stocks declined lower on Wednesday, witnessing some selling pressure, and dropped for a second straight session after economic data highlighted persistent inflationary pressures and Federal Reserve officials continued to sound hawkish. Data released in the US showed ISM Manufacturing PMI increases to 47.7 in February, which came in below the market expectation of 48.Continue Reading
Rising Rates Push Stocks Down in February
Written on March 1, 2023 at 2:47 am, by anakin
The Dow fell Tuesday, wrapping up February with a monthly loss as surging rates battered stocks after a string of data pointing to underlying strength in the economy forced investors to price in higher for longer Federal Reserve interest rates. The Dow Jones Industrial Average fell 0.65%, or 214 points, taking losses for February toContinue Reading
