Monthly Archives: August 2024
41654156156Gold Soars To Record Highs On Rising Middle East Tensions

Written on August 19, 2024 at 2:07 am, by pumarketings
Fundamental Analysis * Middle East Tensions: Gold prices have surged, breaking above record highs as a combination of downbeat US economic reports, expectations for Fed rate cuts, and rising tensions in the Middle East drive demand for safe-haven assets. Fears that Iran may retaliate against Israel for recent conflicts have kept geopolitical tensions high, withContinue Reading
Upcoming Weekly Adjustment on Index Dividend Notice
Written on August 16, 2024 at 7:58 am, by sallychang
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. Please refer toContinue Reading
Dollar Rebound On Upbeat U.S. Economic Indicators

Written on August 16, 2024 at 5:41 am, by pumarketings
Market Summary The U.S. dollar rebounded after being weighed down earlier in the week by softer-than-expected PPI and CPI readings. The turnaround was driven by stronger-than-anticipated U.S. Retail Sales growth and Initial Jobless Claims, which eased recession fears and bolstered the dollar’s strength in the last session. Wall Street reacted positively to the upbeat economicContinue Reading