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Week ahead: Markets to Focus on US CPI, PPI and Retail Sales and Bank of Canada Rate Statement

As we begin a new week, the financial world is buzzing with anticipation of some economic reports. All eyes will be on the Bank of Canada Rate Statement and FOMC Meeting Minutes, alongside the eagerly awaited CPI, PPI and Retail Sales data release in the US. These reports are crucial for traders navigating the marketsContinue Reading

Notification on System Upgrade – April 06, 2023

Dear Client, As part of our commitment to provide the most reliable service to our clients, there will be system maintenance this weekend. Maintenance Hours : April 8, 2023, 01:30 to April 9, 2023, 13:00 (GMT+3) Please note that: 1. You will not be able to login and access all features on the Client PortalContinue Reading

Weekly Dividend Adjustment Notice – April 06, 2023

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 more details:Continue Reading

Renewed Rush to Safety as Economic Data Disappoints: Is a Recession Imminent?

Following the release of weaker-than-expected economic data, Wall Street experienced a renewed rush to safety, with bonds surging and equities plummeting. This has rekindled concerns that a recession may be looming, sending shockwaves across the financial markets. The 10-year Treasury yield tumbled to its lowest point since September, now standing at around 1.5 percentage pointsContinue Reading

Stock Market Rally Ends as Banks Experience Selloff

The stock market’s four-day rally came to a halt as banks experienced a selloff, which pulled down the Dow Jones Industrial Average by 0.6% and the S&P500 by 0.58% on Tuesday. This sudden dip in the market was mainly caused by a drop in major financial institutions such as Wells Fargo & Co. and CitigroupContinue Reading

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