Monthly Archives: May 2024

Dear Client, As part of our commitment to provide the most reliable service to our clients, there will be server maintenance this weekend. Maintenance Hours : 11th of May 2024 (Saturday) 18:00 – 24:00 (GMT+3) Please note that the following aspects might be affected during the maintenance: 1. The price quote and trading management willContinue Reading

Dear Client, Please note that the dividends of the following products will be adjusted accordingly. Index dividends will be executed separately through a balance statement directly to your trading account, and the comment will be in the following format “Div & Product Name & Net Volume ”. Please refer to the table below for moreContinue Reading

Key Points: On Thursday, iron ore and steel product prices in China experienced a decline, primarily influenced by reduced demand following the Labour Day holiday. Iron sees decline in May The most-traded September iron ore on China’s Dalian Commodity Exchange was down by 0.6%, trading at 874.50 yuan ($121.06) per metric tonne. In contrast, theContinue Reading

Key points: Gold prices stabilise as economic data looms Gold prices held steady early Thursday, with spot gold priced at $2,309.23 per ounce. In contrast, U.S. gold futures saw a slight decrease of 0.2%, settling at $2,316.80. Investors are closely monitoring the upcoming U.S. economic reports, particularly the weekly jobless claims due at 1230 GMTContinue Reading

With day trading being perceived as one of the most profitable side gigs, a good majority of new day traders are scrambling to learn how to get started. Granted that the financial markets are constantly changing, there are so many basic concepts for traders to grasp. From pips, lot sizes, technical analysis to economic calendar,Continue Reading

Key points 9th May 2024 – On Thursday, oil prices experienced a moderate increase in early trading, driven by a decrease in U.S. crude inventories and growing optimism about potential interest rate cuts by the Federal Reserve. Brent crude for July delivery climbed by 23 cents to $83.81 a barrel, while U.S. West Texas IntermediateContinue Reading

Key points Basis bids for soybeans and corn shipped by barge to the U.S. Gulf Coast showed a slight decline on Wednesday. This shift reflects the increased sales by farmers, effectively boosting the supply in the market. raders have observed that after a spike in futures prices on the Chicago Board of Trade for cornContinue Reading

Key points On Wednesday, the Hang Seng Index saw a noticeable drop, decreasing by 0.90% or 165.51 points, closing the trading day at 18,313.86. Similarly, the Hang Seng China Enterprises Index fell by 1.07% or 69.95 points to end at 6,456.72. This downturn reflects a more cautious stance among traders as they await the releaseContinue Reading

Key points The dollar displayed initial uncertainty at the outset of the week. However, recent sessions have seen a revival in its strength, spurred by key technical observations. After approaching crucial technical levels last Friday, the dollar avoided a breakdown, aiding its recovery early this week amid a fluctuating market sentiment. Picture: EUR/USD price movementContinue Reading

Dear Client, Please note that the dividends of the following products will be adjusted accordingly. Index dividends will be executed separately through a balance statement directly to your trading account, and the comment will be in the following format “Div & Product Name & Net Volume ”. Please refer to the table below for moreContinue Reading