Yearly Archives: 2024
41654156156Gold 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
Pound Lose Ground on BoE Dovish Tone
Written on October 4, 2024 at 5:37 am, by pumarketings
Market Summary The Pound Sterling fell sharply yesterday, with the Pound Sterling Index (BXY) dropping more than 2% following a dovish statement from BoE Governor Andrew Bailey. Bailey indicated that the Bank of England is prepared to implement rate cuts if UK inflation shows signs of easing. Similarly, the Japanese Yen remained under pressure, asContinue Reading
