Monthly Archives: March 2023
Federal Reserve Officials Suggest Monetary Tightening, Markets Respond Positively
Written on March 31, 2023 at 3:53 am, by anakin
Recent market gains were heavily influenced by statements from Federal Reserve officials who suggested the need for further monetary tightening, despite recent bank failures. Boston Fed President, Susan Collins, highlighted the importance of tightening policies. Meanwhile, Richmond Fed President, Thomas Barkin, stated that the Fed could increase rates further if inflation risks persist. Minneapolis FedContinue Reading
Top 10 Must-Read Books for Forex Traders in the Philippines
Written on March 31, 2023 at 3:08 am, by anakin
Benefits of Reading Forex Trading Books As a forex trader, it’s essential to constantly educate yourself and expand your knowledge base. One great way to do this is by reading books written by experienced traders and industry experts. Why reading books help you in Forex Trading Strategies? Here are the top 10 must-read books forContinue Reading
Weekly Dividend Adjustment Notice – March 30, 2023
Written on March 30, 2023 at 9:56 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
A guide to commodity gold trading in the Philippines
Written on March 30, 2023 at 6:06 am, by anakin
Gold Trading in the Philippines Introduction The Philippines holds a prominent position as one of the leading gold producers in the ASEAN region. According to Metals Focus, mine production in the country reached 42 tonnes in 2016, with an additional 2 tonnes sourced through recycling. The information below is a guide to commodity gold tradingContinue Reading
US Stock Markets Make Gains as Tech and Financial Shares Rally
Written on March 30, 2023 at 3:15 am, by anakin
US stock markets experienced gains on Wednesday, with tech and financial shares leading the way, as investor risk appetite recovered from recent banking sector turmoil. The financial sector was hit hard by the collapse of three US banks this month but managed to rally on Wednesday, despite reports that the Federal Deposit Insurance Corp. wasContinue Reading
The benefits and risks of CFDs Trading in the Philippines
Written on March 29, 2023 at 6:27 am, by anakin
Explore Share CFDs Discover Bond CFDs What are the benefits and risks of CFD trading? Contracts for Difference (CFDs) are a popular financial instrument used for trading in the Philippines. CFDs allow traders to speculate on price movements in a range of financial markets, such as forex, stocks, and commodities, without actually owning the underlyingContinue Reading
US Equity Market Falls as Tech Stocks Decline and Investors Anticipate Inflation Data
Written on March 29, 2023 at 3:10 am, by anakin
On Tuesday, the US equity market took a slight hit as investors reassessed their bets on the Federal Reserve’s interest rate policies. The three-day advance of US stocks came to a halt as technology shares declined, while Treasuries saw a slight dip. Investors have been favoring tech stocks in recent weeks, moving away from financialsContinue Reading
US Stocks Get Boost from Financial Shares as Tech Slumps: Banking Sector Continues to be Monitored
Written on March 28, 2023 at 1:35 am, by anakin
Financial stocks provided a much-needed boost to US stocks on Monday, with Treasuries retracting due to a decrease in concerns over banking turmoil. However, tech shares took a hit after experiencing a surge in the previous week. The purchase of Silicon Valley Bank by First Citizens BancShares Inc. caused a gauge of regional lenders toContinue Reading
Philippines’ foreign exchange reserves increased to $99.7B
Written on March 27, 2023 at 9:27 am, by anakin
Philippines Forex Exchange reserves showing strong growth for the 4th consecutive month The Philippines’ foreign exchange reserves have been on an upward trend for the fourth consecutive month, reaching a six-month high of $99.72 billion in January 2023. The strong inflows from foreign borrowings by the government and the increase in gold prices in theContinue Reading
Bitcoin nearing $29,000 in 2023 the First Time in 9 Months
Written on March 27, 2023 at 6:41 am, by anakin
VT Markets ETF Trading Download our Trading APP What is Bitcoin, and why reaching $29,000 in 2023 worth noting Bitcoin was created in 2009 by an anonymous person or group using the title Satoshi Nakamoto. Ever since, Bitcoin was at all time high amounting $64,863.10 in 2021. However, the price have dropped significantly in 2022,Continue Reading
