Monthly Archives: July 2024

Silver prices steady as markets eye US inflation data 

Written on July 11, 2024 at 9:29 am, by

Silver prices rose slightly above $31 per ounce, maintaining sideways as the markets anticipate key US inflation data. Learn how a supply deficit in 2024 will hit the momentum.

Apple Intelligence brings AAPL to $3.5 trillion market cap 

Written on July 11, 2024 at 7:53 am, by

AAPL becomes the first company to close above a $3.5 trillion valuation. Learn about the AI strategy of Apple and what the recent stock price surge means for the market.

Dividend Adjustment Notice – July 11,2024

Written on July 11, 2024 at 7:24 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

Aussie strengthens against the Kiwi and Yen amidst diverging rate outlooks

Written on July 11, 2024 at 2:48 am, by

The Australian dollar (AUDUSD) stood strong at NZ$1.1080, close to a 20-month high of $1.1017 reached on Wednesday. This strength followed the Reserve Bank of New Zealand’s (RBNZ) unexpected signal of potential rate cuts.

Wheat, corn, and soybeans steady after US crop conditions improve

Written on July 11, 2024 at 2:27 am, by

Key points Chicago wheat, corn, and soybean futures showed a slight rise early on Thursday, stabilising after recent losses. This shift comes as the market digests favourable U.S. crop conditions, hinting at a balanced outlook for these key agricultural commodities. Wheat and corn recover slightly on better crop prospects See: Wheat shows slight recovery, tradingContinue Reading

Chinese yuan hits eight-month low with missed inflation data and US dollar rebound 

Written on July 10, 2024 at 10:17 am, by

CNH slid to an eight-month low against the US dollar due to weak inflation data and a rebound of the greenback. Read about the market implications and outlook.

Oil drops as US Gulf supply worries ease and China inflation weakens

Written on July 10, 2024 at 9:13 am, by

Key points: Oil prices dipped on Wednesday as the impact from Hurricane Beryl dissipated and inflation data highlighted persistently weak consumer demand in top crude importer China. Picture: Oil prices decline as seen on the VT Markets app. Brent and WTI crude prices fall as US gulf supply concerns ease As of 0632 GMT, BrentContinue Reading

July Futures Rollover Announcement – July 10,2024

Written on July 10, 2024 at 9:11 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

Nasdaq and S&P 500 hit new highs as jobs data spurs rate cut hopes 

Written on July 10, 2024 at 8:45 am, by

Nasdaq and S&P 500 soar to fresh records on optimism sparked by a cooling labor market. Upcoming CPI data and Powell’s speech could influence future rate cuts.

Dividend Adjustment Notice – July 10,2024

Written on July 10, 2024 at 7:21 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

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