Monthly Archives: August 2024
41654156156Oil Price Rebounds On Rising Middle East Conflict
Written on August 6, 2024 at 2:23 am, by jonywang
Fundamental Analysis * Tension-Fueled: Oil prices surged by over $1 on Tuesday, recovering from the previous day’s decline as fears of a worsening Middle East conflict overshadowed concerns about a potential U.S. recession that might dampen demand. The rise in oil prices comes amid heightened tensions between Israel and Iran, with both sides preparing forContinue Reading
Upcoming Changes to Trading Hours
Written on August 5, 2024 at 8:10 am, by alanzhu
Dear Valued Client, Please be advised that the following instruments’ trading hours and market session times will be affected by the upcoming August 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
NFP Hammers Dollar To 4 Months Low
Written on August 5, 2024 at 5:33 am, by jonywang
Market Summary The aftermath of the Japanese yen’s strengthening has manifested in significant dips across multiple markets, including equities, commodities, and various currencies. The yen has erased all its 2024 losses against the dollar, moving towards the 145.00 mark. The dollar index (DXY) has fallen to its lowest level since March, hovering above the $103Continue Reading
