Monthly Archives: August 2024
Upcoming Weekly Adjustment on Index Dividend Notice
Written on August 2, 2024 at 8:28 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
Dovish Fed’s Statement Hammers Dollar
Written on August 2, 2024 at 5:11 am, by
Market Summary The highly anticipated Fed’s interest rate decision was disclosed yesterday, hammering the dollar’s strength lower as Fed Chief Jerome Powell explicitly signalled that a September rate cut is possible. The U.S. central bank is balancing both inflation and recession risks, with interest rates adjusted to curb inflation while maintaining a solid labour market.Continue Reading
Nasdaq Plummet Ahead Of Fed’s Interest Rate Decision
Written on August 1, 2024 at 1:22 am, by
Market Summary The Japanese Yen strengthened ahead of the BoJ’s interest rate decision, with part of the market anticipating a monetary tightening policy from the Japanese central bank due to sustainable inflation and wage growth in the country. If the BoJ raises rates by 10 bps, as expected, the Yen could strengthen further. On theContinue Reading
