Monthly Archives: August 2024
41654156156Oil Prices Surge on Libya Oil Production Close-down
Written on August 8, 2024 at 5:23 am, by pumarketings
Market Summary The U.S. dollar remains stable amidst significant market volatility this week. The low NFP reading from last Friday has cast a shadow over the economic outlook, and the Yen carry trade situation may worsen if the BoJ continues to tighten its monetary policy. Traders are closely watching today’s U.S. job data, including initialContinue Reading
GBP/USD Struggles On BoE Rate Cut Bets, Civil Unrest
Written on August 8, 2024 at 2:19 am, by pumarketings
Fundamental Analysis * Cable Struggle: The pound sterling continues to experience downward pressure as markets speculate about the possibility of two additional interest rate cuts from the Bank of England (BoE) this year. Recently, the BoE reduced interest rates for the first time since March 2020, lowering the bank rate by 0.25 percentage points toContinue Reading
CFD Rollover Notice for August
Written on August 7, 2024 at 8:42 am, by allenli
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: Please note: • The rolloverContinue Reading
