Monthly Archives: June 2024
Indonesian Rupiah hits 4-year low; Other Asian forex dip before key data
Written on June 10, 2024 at 9:39 am, by anakin
Key points: The Indonesian Rupiah marked a new four-year low on Monday, declining as much as 0.6% to 16,293.00 against the U.S. dollar, reflecting broader weaknesses among emerging Asian currencies. This downturn follows robust U.S. job data and precedes several upcoming central bank policy meetings. Picture: Indonesian Rupiah trading at 16,300 as seen on the Continue Reading
Euro hits one-month low following Macron’s snap French election call
Written on June 10, 2024 at 8:40 am, by anakin
Key points: The Euro experienced a decline, reaching a one-month low, as French President Emmanuel Macron announced a snap legislative election, stirring political uncertainties. Concurrently, the dollar gained strength, buoyed by an unexpectedly strong U.S. jobs report last Friday, which tempered expectations for imminent rate cuts. Picture: The downside prevails for EUR/USD pairs. Download the Continue Reading
Dividend Adjustment Notice – June 10,2024
Written on June 10, 2024 at 8:00 am, by anakin
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 more Continue Reading
Oil prices dip due to uncertainty on OPEC+ cuts and strengthening of USD
Written on June 10, 2024 at 3:49 am, by anakin
Key points: Oil prices nudged lower for the second consecutive session on Monday, pressured by a stronger dollar as expectations for US interest rate cuts were delayed following robust nonfarm payrolls data released on Friday. Brent crude oil futures (Symbol: UKOUSD) slipped to $79.58 a barrel, while US WTI crude oil futures (Symbol: USOUSD) fell 4 Continue Reading
Strong nonfarm payrolls report throws rate cut timeline of the Federal Reserve into question
Written on June 10, 2024 at 3:36 am, by anakin
Key points: The Federal Reserve’s rate cut timeline has been thrown back into uncertainty after the latest US nonfarm payrolls report significantly exceeded expectations. Analysts had predicted 180,000 to 185,000 new jobs for May, but the actual figure came in at a robust 272,000, far surpassing 175,000 in April. This unexpected strength in job gains Continue Reading
Week ahead: FOMC maintains rates despite inflation easing
Written on June 10, 2024 at 3:25 am, by anakin
The Federal Open Market Committee (FOMC) chose to maintain the federal funds rate at its meeting on May 1, marking the sixth consecutive meeting without a change. This decision was influenced by earlier inflation data and robust job growth, which have so far prevented any policy easing. In recent months, the economic landscape has shown Continue Reading
Notification of VT APP Upgrade – June 7,2024
Written on June 7, 2024 at 9:38 am, by anakin
Dear Client, As part of our commitment to provide the most reliable service to our clients, there will be VT APP maintenance this weekend. Maintenance Hours: 8th of June 2024 (Saturday) 00:00 – 02:00 (GMT+3) Please note that the following aspects might be affected during the maintenance: 1. During maintenance hours, VT APP will not Continue Reading
Dividend Adjustment Notice – June 7,2024
Written on June 7, 2024 at 8:29 am, by anakin
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 more Continue Reading
Oil prices rebound following OPEC+ reassurance, but set for weekly decline
Written on June 7, 2024 at 8:06 am, by anakin
Key points: This article is a follow-up to: Oil prices hovering at lows with rising supply Supply chain disruption in the WTI oil sector Oil prices ticked higher on Friday, supported by reassurance from key OPEC+ members Saudi Arabia and Russia about their readiness to adjust output agreements. However, despite these gains, markets are heading Continue Reading
Nvidia soars to record highs, eyes top spot by market cap
Written on June 7, 2024 at 7:36 am, by anakin
Key Points: This article is a follow-up to: Nvidia nears Apple in market cap as AI dominance drives growth The stock price of Nvidia (Symbol: NVDA) has been on an unstoppable ascent, recently reaching record highs and positioning itself as the second-largest US company by market capitalisation. On February 19, Nvidia surpassed Amazon (Symbol: AMZN), Continue Reading
