Monthly Archives: April 2024

Brent Futures on the Rise Today, oil prices experienced a notable increase, with Brent futures rising $3.03 to $90.14 per barrel and U.S. West Texas Intermediate crude ascending by 3.7% to $85.76. This uptick is attributed to market reactions to potential geopolitical events in the Middle East, specifically unverified reports on X (formerly known asContinue Reading

Looking at today, April 19 2024, the U.S. dollar is on track to achieve a second consecutive week of gains as of this Friday, driven by an unexpectedly robust U.S. economy which has recalibrated both investor and policy expectations concerning Federal Reserve rate cuts for the remainder of the year. The greenback reported a 0.17%Continue Reading

The focus is intensifying on the U.S. dollar’s interaction with major currency pairs such as EUR/USD, GBP/USD, USD/JPY, and USD/CAD. The EUR/USD pair, for instance, has shown resilience, rebounding from a crucial support at 1.0600 and ascending past 1.0650. Technical indicators set resistance levels at 1.0695 and 1.0725, with potential to reach 1.0820. Should theContinue Reading

Dear Client, As part of our commitment to provide the most reliable service to our clients, there will be server maintenance this weekend. Maintenance Hours (MT5): 20th April 2024(Saturday): All day 21st April 2024(Sunday): 03:00 – 23:59 (GMT+3) Maintenance Hours (MT4): 20th April 2024(Saturday): 02:00 – 16:00 GMT+3 21st April 2024(Sunday): 03:00 – 23:59 (GMT+3)Continue Reading

European stock markets observed a mixed performance with the STOXX 600 index recording a slight increase of 0.2%, amid varying results from key sectors during the ongoing earnings season. The industrial sector, tracked by the .SXNP index, stood out with a 0.7% gain, primarily propelled by Swiss engineering company ABB, whose stock surged nearly 6%Continue Reading

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

The dollar softened on Thursday, pulling back as traders digested comments from Federal Reserve officials which implied that U.S. interest rates are likely to remain restrictive. This shift in the dollar’s trajectory, after a period of consistent gains fueled by strong economic indicators and persistent inflation in the U.S., suggests that expectations for near-term rateContinue Reading

ICYMI – Market summary for today, 18 April 2024: Chinese Market Performance The Hang Seng Index in Hong Kong edged up by 0.2% to 16,281.48 today, showing a modest rise despite opening flat. This minor gain occurs amid a backdrop of cautious investor sentiment following hawkish remarks from Federal Reserve policymakers. These comments hint atContinue Reading

What you need to know about the markets for 18 April 2024: Asian markets exhibited a mixed response with the MSCI AxJ index marking a modest increase of 0.3%. However, Japan’s Nikkei stands out with a looming 4% weekly decline, signaling heightened investor caution towards potential risks in the region. The oil markets are currentlyContinue Reading

The U.S. dollar has strengthened with Federal Reserve Chair Jerome Powell’s hawkish outlook. The U.S. dollar’s ascent correlates with an uptick in U.S. Treasury yields, particularly the 2-year note which is approaching 5.00%. This suggests an enduring appeal of the dollar due to expected higher returns on dollar assets, especially in comparison to other currenciesContinue Reading