Monthly Archives: November 2024
41654156156Upcoming Changes to Trading Hours
Written on November 20, 2024 at 5:31 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 Thanksgiving holidays. Please refer to the table below outlining the affected instruments: *All dates and time are provided in GMT+2 (Server Time in MT4/MT5.) Note: In the event of reduced liquidity in theContinue Reading
Gold Gain on Russia-Ukraine Tension

Written on November 20, 2024 at 5:21 am, by pumarketings
Market Summary Gold extended its rally for a third consecutive session this week, gaining nearly 3% since Monday as the intensifying conflict between Russia and Ukraine drove safe-haven demand. Tensions escalated after Ukraine deployed U.S.-supplied missiles, prompting Russian President Putin to approve the use of nuclear deterrents in response. Oil prices, meanwhile, remain at elevatedContinue Reading
USD/JPY Rose Following BoJ Rate Hike Uncertainty

Written on November 20, 2024 at 2:08 am, by pumarketings
Fundamental Analysis * BoJ Uncertainty: The Japanese Yen (JPY) gave up a significant portion of its earlier gains and weakened against the US Dollar due to uncertainty surrounding the timing of the Bank of Japan’s (BoJ) next rate hike. BoJ Governor Kazuo Ueda recently stated that the economy is moving towards sustained inflation driven byContinue Reading