Monthly Archives: May 2023
Mixed Market Reaction as Investors Await Key Inflation Data and Banking Sector Stability
Written on May 9, 2023 at 4:50 am, by anakin
The S&P 500 closed near the flat line on Monday, with investors anticipating crucial inflation readings, including the consumer price index report for April. Despite minor fluctuations, the broad market index ended the session at 4,138.12, reflecting a marginal gain of 0.05%. The Nasdaq Composite performed slightly better, adding 0.18% and closing at 12,256.92, whileContinue Reading
Week Ahead: All Eyes on Bank of England Rate Statement, US CPI, and US PPI
Written on May 8, 2023 at 3:06 am, by anakin
Highly anticipated economic reports are set to be released this week, including the Bank of England Rate Statement, US Consumer Price Index (CPI), and US Producer Price Index (PPI). These reports are vital, providing traders and investors with essential data and ensuring they stay ahead of the dynamic market. Consumer Price Index | US (10Continue Reading
Leverage Adjustment Notice – May 05, 2023
Written on May 5, 2023 at 9:16 am, by anakin
Dear Client, In response to the upcoming high market volatility for TRY crosses during the upcoming Turkish election, there will be adjustments for these products on May 08, 2023. Please check the details below: 1.TRY Crosses products leverage will be modified from 50:1 to 5:1 2.These products will be set to close only effective onContinue Reading
US Stocks Continue Decline Amid Regional Bank Contagion Concerns with Non-Farm Payroll Report in Focus
Written on May 5, 2023 at 3:09 am, by anakin
On Thursday, the Dow Jones Industrial Average fell 0.86%, the S&P 500 slid 0.72%, and the Nasdaq Composite shed 0.49%, marking the fourth consecutive day of declines for the major indexes. The decline was caused by contagion fears in the regional bank space as PacWest’s shares tanked over 50% due to news that the CaliforniaContinue Reading
Weekly Dividend Adjustment Notice – May 04, 2023
Written on May 4, 2023 at 7:42 am, by anakin
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
Fed Raises Rates for 10th Time in Current Cycle, Signals Cautious Approach to Future Increases
Written on May 4, 2023 at 2:59 am, by anakin
On Wednesday, S&P 500 futures and Dow Jones Industrial Average futures both fell, by 0.2% and 0.2%, respectively, while Nasdaq 100 futures remained flat, up 0.06%. The drop was attributed to the Federal Reserve’s decision to increase rates by 25 basis points and concerns over contagion in the regional bank sector. PacWest’s shares plummeted moreContinue Reading
VT Markets Launches King of the Hill Trading Contest With Over US$60,000 Prize Pool
Written on May 3, 2023 at 9:08 am, by anakin
Sydney, Australia, 3rd May 2023 – VT Markets, a leading online trading platform, has announced the launch of its highly anticipated King of the Hill Trading Contest. The contest will run from 1 May to 31 July 2023, granting the world’s best traders an exclusive chance at global recognition. First launched early this year to aContinue Reading
Trade 2 New Currency Pairs With VT Markets – May 03, 2023
Written on May 3, 2023 at 2:14 am, by anakin
Dear Client, To provide you with more diverse trading options, VT Markets will launch 2 new products on 8th May 2023. You can now trade the world’s popular products on MetaTrader 4 and 5 with the following specifications: The above data is for reference only, please refer to the MT4 and MT5 platforms for theContinue Reading
Stocks Fall as Contagion Fears in Regional Banking Sector Return Ahead of Fed’s Rate Decision
Written on May 3, 2023 at 1:30 am, by anakin
On Tuesday, stock markets experienced a sharp decline due to concerns among traders about contagion in the regional banking sector ahead of the Federal Reserve’s rate decision. The Dow Jones Industrial Average, the S&P 500, and the Nasdaq Composite all fell for a second consecutive session. Bank shares also declined, with the SPDR S&P RegionalContinue Reading
US Stock Market Sees Monthly Gains, Investors Await Federal Reserve Meeting and Earnings Reports
Written on May 2, 2023 at 2:00 am, by anakin
On Friday, the Dow Jones Industrial Average saw an increase, achieving its best monthly performance since January. The blue-chip index finished 0.8% higher, with the S&P 500 and the Nasdaq Composite also recording gains. The Dow rose by 2.5% for April, while the S&P 500 recorded a 1.5% monthly gain. More than half of S&PContinue Reading
