Monthly Archives: July 2024

Key Points:  In the early Asian session, copper (Symbol: Copper-C) prices consolidate at lows with slight uptick in smaller timeframes. While production remains high in China, demand is still weak. The official manufacturing PMI for China in June suggested a contraction in activity, which further dampened copper demand.   Picture: Copper prices remain suppressed, asContinue Reading

Key points:  Oil prices held steady near two-month highs, buoyed by expectations of rising fuel demand and potential economic growth from US interest rate cuts. Brent crude oil (Symbol: UKOUSD) increased to $86.80 per barrel. Similarly, the WTI crude oil (Symbol: USOUSD) reached $83.51 per barrel.  The images above show oil prices rallying, as observedContinue Reading

Key points: The stock market experienced gains on Monday, driven by strong performances from Apple and Tesla. Despite light pre-holiday trading, the Dow, S&P 500, and Nasdaq all saw positive movement. Investors are eagerly awaiting labour market data later this week to gain insights into the interest rate outlook. Tech stocks boost Nasdaq as TeslaContinue Reading

Key points: The U.S. dollar saw a strong performance on Tuesday, supported by rising U.S. Treasury yields. Benchmark 10-year Treasury yields surged by nearly 14 basis points to 4.479% overnight. Analysts attribute this move to expectations of former President Donald Trump winning the U.S. presidency again, potentially leading to higher tariffs and increased government borrowing.Continue Reading

Join us for an enlightening webinar on Wednesday, 31 July, 6 pm (GMT-6)! The Rankia Markets Experience unites financial experts, investors, traders, and enthusiasts for high-value educational conferences. It offers up-to-date knowledge on financial markets, technical analysis, investment strategies, financial products, and finance technologies. Suitable for both experienced investors and beginners, the event promotes financialContinue Reading

Join us for an insightful webinar on Wednesday, 24 July, 5 pm (GMT-6)! The Rankia Markets Experience unites financial experts, investors, traders, and enthusiasts for high-value educational conferences. It offers up-to-date knowledge on financial markets, technical analysis, investment strategies, financial products, and finance technologies. Suitable for both experienced investors and beginners, the event promotes financialContinue Reading

Join us for an informative webinar on Wednesday, 17 July, at 6 pm (GMT-6)! The Rankia Markets Experience unites financial experts, investors, traders, and enthusiasts for high-value educational conferences. It offers up-to-date knowledge on financial markets, technical analysis, investment strategies, financial products, and finance technologies. Suitable for both experienced investors and beginners, the event promotesContinue Reading

The US dollar dipped after inflation data signaled potential Fed rate cuts. Key economic reports next week, including nonfarm payrolls, will guide market expectations.

Key points:  This article is a follow up to: US dollar bullish in anticipation of the PCE inflation data release  The US dollar index (Symbol: USDX) fell slightly after the latest inflation data suggested a decline in price pressures, reinforcing expectations that the Federal Reserve may start cutting interest rates this year. The personal consumptionContinue 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