Monthly Archives: April 2024
Upcoming Changes to Trading Hours
Written on April 30, 2024 at 6:55 am, by
Dear Valued Client, Please be advised that the following instruments’ trading hours and market session times will be affected by the upcoming May holidays. Please refer to the table below outlining the affected instruments: * All hours are provided in GMT+3 (Server Time in MT4/MT5.) Note: In the event of reduced liquidity in the market,Continue Reading
Japanese Yen Seesaw after Hitting 160 Mark
Written on April 29, 2024 at 6:06 am, by
Market Summary The U.S. Personal Consumption Expenditures (PCE) data released last Friday slightly surpassed market expectations and the previous reading, supported by recent positive economic indicators in the U.S. This bolstered the dollar index, as investors interpreted the data as a sign that the Federal Reserve may scale back its plans for interest rate reductionsContinue Reading
All Eyes on Today’s U.S. PCE
Written on April 29, 2024 at 6:05 am, by
Market Summary The release of the U.S. GDP data yesterday sent shockwaves through the financial markets, as the GDP price index surpassed both forecasted and previous readings. This has prompted market speculation that the U.S. PCE index, scheduled for release later today, will also exceed expectations, dampening prospects for Fed interest rate cuts. In responseContinue Reading
