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Dollar begins to rebound following last week’s decline

Key points The dollar displayed initial uncertainty at the outset of the week. However, recent sessions have seen a revival in its strength, spurred by key technical observations. After approaching crucial technical levels last Friday, the dollar avoided a breakdown, aiding its recovery early this week amid a fluctuating market sentiment. Picture: EUR/USD price movementContinue Reading

Dividend Adjustment Notice – May 8, 2024

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

Rate cut rumors keep forex markets on edge

Key Points: 8th May 2024 – On Wednesday, the U.S. dollar made modest gains, rebounding after previous losses which were influenced by market expectations of Federal Reserve rate cuts later this year. The greenback’s movements reflect ongoing adjustments in investor outlook following weaker-than-expected U.S. jobs data and signals from the U.S. central bank suggesting aContinue Reading

MARKETS TODAY: RBA holds rates high as inflation challenges loom

Key points The Reserve Bank of Australia (RBA) has chosen to maintain its interest rate at a 12-year peak of 4.35%, defying some market predictions that anticipated a rate increase. This decision comes as Australia grapples with persistently high inflation rates, which have exceeded early 2023 forecasts. Given the current economic climate, it’s plausible thatContinue Reading

Nikkei faces downturn amid earnings and profit-taking

Key points Japan’s Nikkei share average dipped over 1% on Wednesday, retreating from the multi-week highs observed in the last session. This movement came as a result of mixed corporate earnings, which highlighted clear winners and losers, alongside investors waiting for more information on the direction of U.S. interest rates. Picture: Nikkei prices see aContinue Reading

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