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Yearly Archives: 2024

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New Product Launch

Written on July 11, 2024 at 7:06 am, by

Dear Valued Client, We are pleased to announce the addition of the Hang Seng Tech Index Cash on 15 July 2024 to our product portfolio, providing clients with broader diversification opportunities. We would like to highlight that as trading with us would be with CFDs. The Hang Seng Tech Index Cash are non-deliverable contracts thatContinue Reading

Dollar Soften After Jerome Dovish Testimony

Written on July 11, 2024 at 3:28 am, by

Market Summary Jerome Powell’s two-day testimony before the Senate concluded yesterday, with a dovish tone that bolstered the market’s risk-on sentiment and tempered the dollar’s strength amidst expectations of accommodative monetary policy. Wall Street continued its rally as the U.S. equity market entered earnings season, buoyed by optimistic outlooks for corporate earnings. Attention now turnsContinue Reading

Euro Gains On Renewed Rate Cut Expectations

Written on July 11, 2024 at 1:53 am, by

Fundamental Analysis * Dovish Outlook: The EUR/USD has risen against the greenback, buoyed by broad market selling of the US Dollar. Market sentiment has recovered significantly, with renewed expectations for rate cuts following Federal Reserve Chairman Jerome Powell’s dovish remarks during his two-day testimony before US Congressional committees. Powell expressed concerns that maintaining high interestContinue Reading

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