Monthly Archives: June 2024
41654156156Upcoming Changes to Trading Hours
Written on June 28, 2024 at 3:25 am, by alanzhu
Dear Valued Client, Please be advised that the following instruments’ trading hours and market session times will be affected by the upcoming July holidays. Please refer to the table below outlining the affected instruments: * All hours are provided in GMT+3 (Server Time in MT4/MT5.) Note: In the event of reduced liquidity in the market,Continue Reading
All Eye On Today’s U.S. PCE
Written on June 28, 2024 at 2:51 am, by jonywang
Market Summary The Dollar Index (DXY) showed resilience following early-session easing on Wednesday, bolstered by strong U.S. economic indicators including upbeat Initial Jobless Claims and GDP figures. However, bullish momentum remained tempered amidst market perceptions of a potential Fed policy shift in September, reflected in a decline in U.S. Treasury yields. Investors are eagerly anticipatingContinue Reading
Gold Consolidates As Focus Shifts To PCE
Written on June 28, 2024 at 2:24 am, by jonywang
Fundamental Analysis * Golden Pause: Gold prices (XAU/USD) are hovering near two-week lows, trading around the $2300 mark, as the Fed’s hawkish stance and higher US bond yields have created a headwind for the yellow metal. At the end of the June meeting, the Federal Reserve adopted a more hawkish approach, with policymakers advocating forContinue Reading
