Monthly Archives: October 2024
41654156156Share CFDs Products Adjustment Notice
Written on October 8, 2024 at 1:45 am, by sallychang
Dear Valued Client, Please be advised that the leverage on all US Share CFDs products will be adjusted from 14 October 2024 to further optimise the competitiveness and improve the trading environment. Please refer to the table below for adjustment: Additionally, the leverage for new positions opened to all shares CFDs during 30 minutes beforeContinue Reading
U.S. Jobs Report Boosts Dollar: Is a Rebound Ahead?
Written on October 7, 2024 at 5:37 am, by pumarketings
Market Summary The Dollar Index surged to a seven-week high, driven by strong U.S. economic data, with Nonfarm Payrolls hitting 254,000 and the Unemployment Rate dropping to 4.1%. This data diminished expectations for a 50-basis-point rate cut, bolstering the dollar but weighing on gold as the stronger dollar overshadowed the metal’s safe-haven appeal. Oil pricesContinue Reading
Gold Retreats As Strong US Data Hint Small Rate Cut
Written on October 7, 2024 at 2:12 am, by pumarketings
Fundamental Analysis * Smaller Cut: Gold prices have pulled back from recent highs following a stronger-than-expected US jobs report, suggesting the labor market remains robust. This strengthens the case for the Federal Reserve (Fed) to gradually ease its policy in 25-basis-point (bps) increments. The US Bureau of Labor Statistics (BLS) reported an impressive increase ofContinue Reading
