Monthly Archives: September 2024
41654156156Dollar Eases Ahead of Key U.S. Job data
Written on September 5, 2024 at 5:34 am, by pumarketings
Market Summary The U.S. dollar lost strength after reaching a two-week high in the Dollar Index (DXY). The release of the Fed’s Beige Book indicated a decline in economic activity, a softening labour market, and moderating wage growth, which fueled speculation of a potential Fed rate cut. This dampened the dollar’s momentum, as traders nowContinue Reading
Gold Recovers Following Weak US Jobs Opening Data
Written on September 5, 2024 at 2:00 am, by pumarketings
Fundamental Analysis * Labor Market Slip: Gold prices have regained their footing following the release of U.S. Job Openings data, which revealed fewer openings than anticipated for July. According to the U.S. Bureau of Labor Statistics, the JOLTS Job Openings dropped to 7.673 million in July, down from a downwardly revised 7.91 million in June.Continue Reading
CFD Rollover Notice for September
Written on September 4, 2024 at 8:40 am, by alanzhu
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
