Monthly Archives: May 2023
How to Trade Gold: A Comprehensive Guide
Written on May 19, 2023 at 8:15 am, by anakin
Gold has long been a highly prised precious metal, known for its lustrous appearance, unique properties, and historical use as a form of currency. While many global currencies were once backed by gold under the gold standard, this system was abandoned in the UK in 1931. However, gold continues to hold value as a stable Continue Reading
What Are Commodities & How Do You Trade Them?
Written on May 19, 2023 at 7:38 am, by anakin
What are commodities? In simple terms, commodities are the raw materials that are harvested, collected, and processed into everyday goods and services used by humans. Unlike stocks or bonds, commodities are physical materials and goods. Trading commodities can be potentially profitable due to their price fluctuations, but they also carry more risk compared to bonds Continue Reading
Stock Market Soars on Debt Ceiling Optimism and Strong Earnings: S&P 500 and Nasdaq Reach Yearly Highs
Written on May 19, 2023 at 2:52 am, by anakin
On Thursday, the S&P 500 and Nasdaq Composite surged to their highest closing levels since August 2022, driven by ongoing debt ceiling negotiations. The S&P 500 rose by 0.94% to reach 4,198.05, while the Dow Jones Industrial Average ended the day up 0.34% at 33,535.91, and the Nasdaq gained 1.51% to close at 12,688.84. This Continue Reading
Notification of Server Upgrade – May 18, 2023
Written on May 18, 2023 at 9:50 am, by anakin
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 : 20th of May 2023 (Saturday) 02:00 – 24:00 (GMT+3) Please note that the following aspects might be affected during the maintenance: 1. The price quote feature on the Client Continue Reading
Weekly Dividend Adjustment Notice – May 18, 2023
Written on May 18, 2023 at 7:57 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
Market Outlook – Interesting week ahead for Australia, New Zealand, and Canada
Written on May 18, 2023 at 7:48 am, by anakin
Stocks Rise as Hope Grows for U.S. Debt Ceiling Deal, Averting Default
Written on May 18, 2023 at 2:16 am, by anakin
Stocks experienced a positive surge as investors remained hopeful that an agreement on the U.S. debt ceiling could be reached between congressional leaders and President Joe Biden, thereby averting a catastrophic default. The Dow Jones Industrial Average rose by 408.63 points or 1.24%, reaching 33,420.77, while the S&P 500 increased by 1.19% to 4,158.77, and Continue Reading
Stocks Slide as Home Depot Disappoints and Debt Ceiling Talks Intensify
Written on May 17, 2023 at 2:54 am, by anakin
Stocks experienced a decline on Tuesday, influenced by Home Depot’s underwhelming forecast. The financial market also focused on a crucial meeting between President Joe Biden and congressional leaders regarding the U.S. debt ceiling. The Dow Jones Industrial Average closed below its 50-day average for the first time since March 30, with a drop of 336.46 Continue Reading
Debt Ceiling Negotiations and Economic Data Influence Stock Market, Retail Reports Awaited
Written on May 16, 2023 at 2:38 am, by anakin
The S&P 500 experienced a slight increase at the beginning of the week as traders analyzed ongoing negotiations regarding the debt ceiling. The broader index rose by 0.3% to reach 4,136.28 points. Meanwhile, the Dow Jones Industrial Average ended its five-day losing streak, gaining 47.98 points (0.14%) and reaching 33,348.60 points. The tech-heavy Nasdaq Composite Continue Reading
Week Ahead: Markets to Focus on US Retail Sales and Australia Wage Price and Employment Change
Written on May 15, 2023 at 2:11 am, by anakin
The financial industry anticipates major economic reports this week, focusing on the US Retail Sales and Australia Wage Price Index and Employment Change. These reports are crucial for traders navigating the markets and making informed decisions. NY Empire State Manufacturing Index | US (15 May)The NY Empire State Manufacturing Index unexpectedly jumped to 10.8 in Continue Reading
