Monthly Archives: August 2024

Gold prices have taken a step back from their record highs as traders closely monitor developments around the U.S. Federal Reserve’s rate decisions and upcoming economic data.

Key Points: The towering presence of Nvidia in the AI and data centre markets is recently challenged by the acquisition of ZT Systems by AMD for $4.9 billion. This acquisition is a clear statement of intent from AMD as it aims to enhance its capabilities in building out the infrastructure layer of artificial intelligence, aContinue Reading

Key Points: This is a follow up article to: Indian rupee set to strengthen as confidence in Fed rate cuts grows The Indian rupee (Symbol: USDINR) is expected to stabilise marking its best day in almost two months, as the U.S. dollar experienced a broad decline. The U.S. dollar index (Symbol: USDX), which measures theContinue Reading

Dear Client, To provide a favorable trading environment to our clients, VT Markets will modify the trading setting of all US share CFDs and HKTECH on Aug 26, 2024: 1. All US Shares product leverage will be adjusted to 33:1 and HKTECH product leverage will be adjusted to 30:1. 2. 20 Pre-market US Shares onContinue 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

Key points: Soybean and corn futures on the Chicago Board of Trade (CBOT) ticked higher on Wednesday as signs of stronger demand and positive yield forecasts from the ongoing Pro Farmer crop tour lent support to prices. The most-active soybean contract rose 0.2% to $9.77-1/2 a bushel, while corn edged up 0.4% to $3.99-3/4 aContinue Reading

Key points: Japan’s Nikkei 225 fell 0.7% to 37,805.35 in morning trade on Wednesday, with the broader Topix index down 0.6% to 2,655.29. This decline comes as the yen strengthened overnight, trading around 145.36 per dollar after touching a low of 147.34 the previous day. A stronger yen is often unfavourable for Japanese exporters, asContinue Reading

Oil prices fall alongside easing Middle East tensions and weaker demand from China. Geopolitical developments and U.S. inventory data remain key drivers.

The JPY gains strength against the U.S. dollar, supported by expectations of a Fed rate cut and robust Japanese economic data. Read more for insights on the monetary policy of BoJ.

The Nikkei 225 Index rebounded on Tuesday, closing 1.8% higher at 38,062.92, marking its strongest level since August 1. The session saw the index rise more than 2% at one point, driven by a rally in technology shares and a softer yen.