Monthly Archives: June 2024

Key points:  This article is a follow-up to: Oil prices hovering at lows with rising supply  Supply chain disruption in the WTI oil sector  Oil prices ticked higher on Friday, supported by reassurance from key OPEC+ members Saudi Arabia and Russia about their readiness to adjust output agreements. However, despite these gains, markets are headingContinue Reading

Key Points:  This article is a follow-up to: Nvidia nears Apple in market cap as AI dominance drives growth  The stock price of Nvidia (Symbol: NVDA) has been on an unstoppable ascent, recently reaching record highs and positioning itself as the second-largest US company by market capitalisation. On February 19, Nvidia surpassed Amazon (Symbol: AMZN),Continue Reading

Dear Client, Shares product APH (Amphenol Corp – Class A) is about to conduct a share split after the market closes on June 12, 2024. Starting from the market opening on June 13, 2024, APH expects to provide investor trading in divided contracts. After the share split, please be aware of the following: 1. TheContinue Reading

Key points: Gold prices held steady on Friday and were on track for their first weekly gain in three weeks. Traders are betting that the U.S. Federal Reserve will start cutting rates soon, which has sent the dollar and Treasury yields lower. Spot gold was little changed at $2,377.13 per ounce as of 0321 GMT,Continue Reading

Key points: The dollar hovered close to an eight-week low on Friday, with market participants keenly awaiting the U.S. jobs report. This report is expected to provide important clues on the timing of potential Federal Reserve interest rate cuts. The euro retained its overnight gains after the European Central Bank (ECB) reduced rates in aContinue Reading

Dear Client, As part of our commitment to providing the most reliable service to our clients, there will be a system upgrade this weekend. Please refer to the following details: Maintenance Hours: 9th of June 2024 (Sunday) 04:00 – 04:30 (GMT+3) Affected Functions: Deposit and withdrawal functions will be unavailable during the maintenance (04:00 AMContinue Reading

Key points: The latest Institute for Supply Management (ISM) services report revealed a surge in US business activity, surpassing market expectations. This positive data is reflective of an increase in business activity and new orders growth, suggesting a thriving service sector. However, the report also pointed out ongoing challenges, including slower supplier deliveries and continuedContinue Reading

Key points: On Wednesday, the S&P 500 and Nasdaq indexes soared to record closing highs, spurred by technology stocks. Economic data hinting at Federal Reserve easing measures provided additional momentum to the market. Picture: Bullish bias above 5338.00 for S&P500. Download the VT Markets app. Technology stocks led the charge, with the S5INFT sector seeingContinue Reading

Tips and tricks on how to increase your trading win rate Every trader enters the financial market with dreams of massive gains, inspired by stories of professional traders making fortunes like a degen. But here’s a question: do these traders win all the time?  The simple answer is no. Even the best in the businessContinue Reading

Key points:  The European Central Bank (ECB) is poised to make its first interest rate cut since 2019, with a 25-basis point reduction anticipated on Thursday. This move comes from increased confidence that inflation will return to the level targeted by the ECB.  Such a decision to cut rates signals a shift in its monetaryContinue Reading