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Yearly Archives: 2024

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GBP/USD Rose As Weak PMI Data Weigh On Dollar

Written on June 4, 2024 at 2:05 am, by

Fundamental Analysis * Greenback Gloom: The Pound Sterling strengthened against the US Dollar after the recent release of unexpectedly weak U.S. Manufacturing PMI data, which negatively impacted the dollar. The Institute for Supply Management (ISM) reported on Monday that the U.S. manufacturing sector contracted at a faster rate in May. The ISM Manufacturing PMI fellContinue Reading

Soft PCE Boost Equity Market

Written on June 3, 2024 at 5:35 am, by

* Soft PCE reading hammered the dollar’s strength and improved stock market performance.   * Eye on today’s U.K. and U.S. PMI readings.  * Oil prices are expected to be hindered by the outcome of the OPEC meeting. Market Summary The highly anticipated U.S. PCE, the Fed’s preferred inflation gauge, met market expectations when released lastContinue Reading

Upcoming Weekly Adjustment on Index Dividend Notice

Written on May 31, 2024 at 9:38 am, by

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

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