Monthly Archives: July 2024
Dollar and yen remain steady as markets await BOJ and Fed decisions
Written on July 30, 2024 at 3:32 am, by anakin
The Japanese yen took a breather from its recent rally as the BOJ began its two-day meeting on Tuesday. Last week, the yen surged over 2% against the dollar.
Dividend Adjustment Notice – July 29,2024
Written on July 29, 2024 at 7:43 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
Yen dips as Nikkei rises, central bank meetings near
Written on July 29, 2024 at 6:40 am, by anakin
Key points: On Monday, the yen ticked lower, easing to 154.24 yen against the dollar early in the Asian trading day, a 0.29% rise for the dollar after the yen’s recent surge to 151.945, its strongest in 12 weeks. This shift comes after the yen’s remarkable performance last week, where it gained 2.36% against theContinue Reading
Rupee likely to stay near record lows due to high dollar demand
Written on July 29, 2024 at 6:18 am, by anakin
The Indian rupee faces renewed pressure this week, with traders expecting it to stay near its record low against the U.S. dollar. The rupee closed last week at 83.7275, its weakest level ever, and non-deliverable forwards suggest it will open around 83.71-83.72 per dollar on Monday.
Meme stock AMC drops on disappointing Q2 guidance and industry challenges
Written on July 29, 2024 at 3:50 am, by anakin
AMC stock (AMC) fell 7.7% after issuing disappointing guidance for the second quarter of 2024. The company anticipates a net loss of $32.8 million, translating to a loss of 10 cents per share.
Apple reaches historic union labour agreement with retail workers
Written on July 29, 2024 at 3:46 am, by anakin
Apple (Symbol: AAPL) has entered into a historic preliminary labour agreement with its retail workers in Towson, Maryland. This is the first time that the tech giant has reached such a deal in the United States, marking a significant milestone in labour relations for the company.
Nasdaq 100 hits 7-week lows during tech rout
Written on July 26, 2024 at 9:23 am, by anakin
The Nasdaq composite falls to its lowest level since early June, marking its worst two-day drop since September 2022. Read more to find out about the market implications and outlook.
Canadian dollar dips in anticipation of key economic data releases
Written on July 26, 2024 at 9:09 am, by anakin
CAD weakens against USD as the markets await the May manufacturing and wholesale sales data of Canada. Read more for forecasts and the market implications.
What forex traders need to know about BRICS’ de-dollarisation efforts
Written on July 26, 2024 at 8:40 am, by anakin
The dollar is king, but it is at risk of losing its throne.
Yen poised for best weekly gain in three months as carry trades unravel
Written on July 26, 2024 at 8:17 am, by anakin
The yen (USDJPY) dominated currency markets this month, climbing to a near three-month high of 151.945 per dollar on Thursday. This is a major shift from its 38-year low of 161.96 per dollar at the start of the month. By Friday, the yen was at 153.66, set for a 2.5% rise for the week.
