Monthly Archives: January 2024
41654156156Upbeat Job Data Fuels Dollar Strength
Written on January 5, 2024 at 5:35 am, by jonywang
The U.S. ADP Nonfarm Employment Change exceeded expectations, reaching 164k, signaling the resilience of the job market. The U.S. ADP Nonfarm Employment Change exceeded expectations, reaching 164k, signalling the resilience of the job market. Simultaneously, Initial Jobless Claims dropped to 202k, indicating a robust labour market. U.S. equity markets responded by trading with downward pressure,Continue Reading
CFD Rollover Notice for January
Written on January 4, 2024 at 8:20 am, by jonywang
Dear Valued Client, Please be advised that the following CFD instruments will be automatically rolled over as per the dates in the table below. As there can be a pricing difference between old and new futures contracts, we recommend clients to monitor their positions closely and manage positions accordingly. Expiration dates: *All dates are providedContinue Reading
Hawkish Fed Meeting Minutes Boosts Dollar
Written on January 4, 2024 at 5:24 am, by jonywang
The U.S. dollar strengthened, driven by the Hawkish narrative revealed in the meeting minutes. U.S. equity markets registered a second consecutive decline following the release of the December Federal Reserve meeting minutes. The U.S. central bank signalled an intention to maintain interest rates at a restrictive level for an extended period until U.S. inflation reachesContinue Reading
