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Markets await Federal Reserve rate decision
US stocks declined lower on Monday, coming under selling pressure and trimming its big October rally as investors awaited Wednesday’s Federal Reserve decision for clues on whether officials will dial back the pace of rate hikes as early as December. Investors are now in anticipation of continued rate hikes from central banks that will causeContinue Reading
Week ahead: Will US, UK and Australia hike interest rates?
The US Federal Reserve, Reserve Bank of Australia, and Bank of England have upcoming interest rate decisions scheduled throughout the week. New Zealand and Canada will release their Employment Change data, while the US will release its Non-Farm Employment Change figures. RBA Rate Statement – Australia (1 November) The Reserve Bank of Australia (RBA) increasedContinue Reading
US Dollar burden from Fed scaling back monetary tightening
US stocks rallied on Friday, regaining upside momentum and ended a turbulent week with a sizable gain as the economic data suggested that the Federal Reserve’s battle against inflation is making progress. Investors have already priced in a 0.75% hike by the Fed in December, but the increasing rumours about the possibility of scaling downContinue Reading
GDP expanded more than expected, signalling decreasing inflation
U.S. equities were mixed throughout yesterday’s trading. The Dow Jones Industrial Average gained 0.61% to close at 32033.28. The S&P 500 lost 0.61% to close at 3807.3. The tech-heavy Nasdaq Composite plunged 1.63% to close at 10792.68. The Dow Jones Industrial Average was able to close higher on Thursday after new data showed third quarterContinue Reading
Notification of Server Upgrade
Dear Client, As part of our commitment to provide the most reliable service to our clients, there will be a server maintenance this weekend. Maintenance Hours : 2022/10/29 02:00 – 06:00 (Server time) Please note that the following aspects might be affected during the maintenance: 1. The price quote feature on the Client Portal willContinue Reading
