Monthly Archives: April 2024
41654156156Dollar Dominance: Fed’s Hawkish Remarks
Written on April 1, 2024 at 3:43 am, by jonywang
Market Summary The Dollar Index extended its upward trend, buoyed by hawkish remarks from Federal Reserve officials and robust inflation figures, including the Personal Consumption Expenditures (PCE) Price Index hitting 2.5% annually. Concurrently, safe-haven gold surged to record highs amidst subdued market sentiment, although concerns lingered regarding the Federal Reserve’s inflation-fighting stance. Attention now turnsContinue Reading
Loonie Rises On Bright Economic Outlook
Written on April 1, 2024 at 2:14 am, by jonywang
Fundamental Analysis * Loonie Comeback: The Canadian Dollar has surged against the dollar and other currency pairs as recent positive data release from Canada renewed confidence in Canada’s economic future, dampening expectations of immediate interest rate cuts by the Bank of Canada. In January, the Canadian Gross Domestic Product (GDP) saw growth surpassing expectations, expandingContinue Reading
Upcoming Changes to Trading Hours
Written on April 1, 2024 at 1:54 am, by lucaszhang
Dear Valued Client, Please be advised that the following instruments’ trading hours and market session times will be affected by the upcoming April holidays and Labour Day. Please refer to the table below outlining the affected instruments: Note: In the event of reduced liquidity in the market, spreads might significantly increase from their normal averageContinue Reading
