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Monthly Archives: July 2024

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Oil Rose On Summer Demand, Easing US Inflation

Written on July 12, 2024 at 2:19 am, by

Fundamental Analysis * Fuel Boom: Crude oil prices have increased due to indications of robust summer demand and reduced inflationary pressures in the United States, the world’s largest oil market, boosting investor confidence. U.S. government data revealed that gasoline demand reached 9.4 million barrels per day (bpd) in the week ending July 5, the highestContinue Reading

New Product Launch

Written on July 11, 2024 at 7:06 am, by

Dear Valued Client, We are pleased to announce the addition of the Hang Seng Tech Index Cash on 15 July 2024 to our product portfolio, providing clients with broader diversification opportunities. We would like to highlight that as trading with us would be with CFDs. The Hang Seng Tech Index Cash are non-deliverable contracts thatContinue Reading

Dollar Soften After Jerome Dovish Testimony

Written on July 11, 2024 at 3:28 am, by

Market Summary Jerome Powell’s two-day testimony before the Senate concluded yesterday, with a dovish tone that bolstered the market’s risk-on sentiment and tempered the dollar’s strength amidst expectations of accommodative monetary policy. Wall Street continued its rally as the U.S. equity market entered earnings season, buoyed by optimistic outlooks for corporate earnings. Attention now turnsContinue Reading

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