Monthly Archives: August 2024
41654156156Gold Soars Amid Dovish Comments From Fed
Written on August 26, 2024 at 2:07 am, by pumarketings
Fundamental Analysis * Dovish Fed: Gold prices have surged, reclaiming the $2,500 level after dovish remarks from the Fed signaled an upcoming interest rate cut starting in September, coupled with a weaker dollar. Fed Chair Jerome Powell delivered the message at the Kansas City Fed’s annual economic symposium in Jackson Hole on Friday, leading toContinue Reading
Upcoming Weekly Adjustment on Index Dividend Notice
Written on August 23, 2024 at 8:09 am, by glennsong
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
BoJ Holds Firm on Tightening Path Fuels Yen
Written on August 23, 2024 at 5:31 am, by pumarketings
Market Summary The Bank of Japan (BoJ) remains on course with its monetary tightening policy, according to the BoJ Chief, following his hearing at the Japan Lower House. However, he emphasised that there is no rush for the next rate hike, as the central bank continues to monitor global economic conditions. This hawkish stance hasContinue Reading
