Yearly Archives: 2024
41654156156Aussie Slips Following RBA Meeting Minutes, Strong Dollar
Written on October 8, 2024 at 1:51 am, by pumarketings
Fundamental Analysis * Cautious Approach: The Australian dollar continues to weaken against the U.S. dollar as markets digest the RBA’s September meeting minutes, which reveal a cautious stance. The Reserve Bank of Australia’s board discussed potential future interest rate cuts and hikes but concluded that the current cash rate remains the best option to balanceContinue Reading
Share 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