Monthly Archives: May 2024

Japan to intervene in forex market as the Japanese yen hits 34-year low 

Written on May 31, 2024 at 10:07 am, by

Key points:  This article is a follow-up to: Bank of Japan (BOJ) open to act on excessive Japanese yen decline.  On Friday, Finance Minister of Japan Shunichi Suzuki heightened emphasis to take appropriate action against excessive currency movements, highlighting the importance of stability in the foreign exchange market. These comments were made during a regularContinue Reading

Dividend Adjustment Notice – May 31,2024

Written on May 31, 2024 at 7:32 am, by

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

Gold edges higher ahead of key inflation report, poised for monthly gain

Written on May 31, 2024 at 7:12 am, by

Key points: Gold prices showed a slight increase on Friday, marking a potential fourth consecutive monthly gain. Investors are keenly awaiting the U.S. inflation data which is expected to shed light on the Federal Reserve’s future moves. Picture: Gold price shows slight increase on the VT Markets app. Market fundamentals: Federal Reserve policymakers maintain aContinue Reading

NZD rises against slow economic growth in the U.S. 

Written on May 31, 2024 at 5:44 am, by

Key Points:  The New Zealand dollar (NZD) climbed to around $0.612 on Thursday with the support from revised economic data indicating that the US economy grew at a slower pace than previously estimated in the first quarter. This has increased speculation that the Federal Reserve may have room to cut interest rates later this year. Continue Reading

June Futures Rollover Announcement (Updated) – May 31,2024

Written on May 31, 2024 at 2:33 am, by

Dear Client, New contracts will automatically be rolled over as follows: Please note: • The rollover will be automatic, and any existing open positions will remain open. • Positions that are open on the expiration date will be adjusted via a rollover charge or credit to reflect the price difference between the expiring and newContinue Reading

Dollar steadies before inflation test; Yen unaffected by Tokyo CPI

Written on May 31, 2024 at 2:21 am, by

Key points: On Friday, the dollar was recovering after a challenging session against other major currencies. This reaction followed a downward revision to U.S. GDP for the first quarter, suggesting potential for rate cuts later this year. Investors are now turning their attention to upcoming inflation data for further clues on monetary policy. Recent dataContinue Reading

Is Warren Buffett lying about wealth and value investing?

Written on May 31, 2024 at 2:00 am, by

Famous for his principles in value investing, mainstream media regard Warren Buffett as one of the most successful investors of all time. Buffett runs Berkshire Hathaway (Symbol: BRKB), one of the favourite stocks for many investors in the world.  But there is an alternative school of thought challenging that Warren Buffett’s principles are “old school,Continue Reading

Dividend Adjustment Notice – May 30, 2024

Written on May 30, 2024 at 10:41 am, by

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

Wheat prices uncertain following weather prediction in Russia 

Written on May 30, 2024 at 9:43 am, by

Wheat prices drop to $6.84 following forecasted rain in southern Russia and Ukraine. A stronger US dollar also pressures the demand of farm goods.

Cable struggles below 1.0800 as key support levels loom

Written on May 30, 2024 at 9:36 am, by

Key Points: The EUR/USD pair currently trades below the 1.0800 mark, reflecting a stronger dollar dominating this week’s exchanges due to rising yields. This scenario is dampening the overall risk appetite in the markets and enhancing the dollar’s appeal. Currently, the EUR/USD is retreating below its 100-day moving average, located at 1.0808. This move highlightsContinue Reading

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