Monthly Archives: August 2024
Dovish FOMC Meeting Minutes Hammers Dollar
Written on August 22, 2024 at 7:02 am, by
Market Summary The dollar continued to face downside pressure following the release of the FOMC meeting minutes. Concerns were raised by FOMC members over potential labour market deterioration, with the majority of the members signalling that a September rate cut might be appropriate. This dovish narrative provided buoyancy to the equity market, as all majorContinue Reading
Indices Product – HKTECH Optimisation Notice
Written on August 22, 2024 at 3:15 am, by
Dear Valued Client, Please be advised that the leverage of HKTECH will be optimised from 26th August 2024 to further enhance the competitiveness and improve the trading environment. Please refer to the table below for adjustment:
Gold Price Tops $2500 For the First Time
Written on August 20, 2024 at 1:56 am, by
Market Summary Gold prices soared above the $2,500 mark for the first time, driven by expectations of potential interest rate cuts, which have weakened the dollar to its recent low levels. Market participants are now focused on Wednesday’s FOMC meeting minutes for insights into the Fed’s next monetary policy moves. Additionally, Federal Reserve Chair JeromeContinue Reading
