Monthly Archives: October 2024
41654156156U.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
Upcoming Weekly Adjustment on Index Dividend Notice
Written on October 4, 2024 at 7:17 am, by allenli
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
