Monthly Archives: March 2023
Financial Markets React to Banking Turmoil and Cryptocurrency Surge
Written on March 16, 2023 at 3:36 am, by anakin
Following the recent collapse of several American regional banks and the Credit Suisse Group AG crisis, investors have begun to recall memories of the 2008 financial crisis. Speculation is rife that major central banks may need to provide liquidity support to financial regulators. As a result, the S&P 500 initially plummeted by over 2%. However, Continue Reading
Changes in trading hours for upcoming holidays – March 15, 2023
Written on March 15, 2023 at 3:40 am, by anakin
Dear Client, Please note that the following instruments’ trading hours will be affected by the upcoming holidays. Note: The dash sign (-) indicates normal trading hours. The above data is for reference only, please refer to the MT4/MT5 software for specific data. If you’d like more information, please don’t hesitate to contact [email protected].
US Stocks Surge as Banking Turmoil Fades, Gold and Cable Under Pressure
Written on March 15, 2023 at 1:40 am, by anakin
US stocks surged in the closing hours of trading on Tuesday, with traders confident that the worst of the banking turmoil was over. The KBW Bank Index gained 3.2% but remained fragile, with rating companies offering negative remarks on the financial sector. The S&P500 regained much of the ground lost earlier in the day, with Continue Reading
Fluctuations in US Stock Market Due to Treasury Yield Drop and Tech Stocks Rebound
Written on March 14, 2023 at 3:09 am, by anakin
The US stock market experienced fluctuations on Monday, marked by oscillations between gains and losses. A sudden drop in the yield on the two-year Treasury note was one of the reasons for this. The drop was significant, its largest in decades. On the other hand, tech stocks rebounded from a previous week’s dip after Silicon Continue Reading
Week Ahead: Markets to focus on US CPI, PPI and ECB Rate Statement
Written on March 13, 2023 at 4:28 am, by anakin
This week, market participants are closely monitoring the release of key economic indicators in the US, including the Consumer Price Index, Producer Price Index, and Retail Sales. The Rate Statement from the European Central Bank is also expected to draw significant attention. These highly anticipated releases have the potential to cause significant fluctuations in the Continue Reading
Silicon Valley Bank Failure Triggers Worst Week for US Stock Market
Written on March 13, 2023 at 3:01 am, by anakin
The US stock market experienced its worst week since September. Silicon Valley Bank’s financial troubles sparked concerns about further distress in the banking industry amid the Federal Reserve’s most-aggressive tightening campaign in a generation. Despite reassurances from experts that a systemic financial crisis is unlikely, investors remained anxious, leading to widespread de-risking. The S&P 500 Continue Reading
US Equity Market Drops Amid Banking Sector Rout and Economic Data
Written on March 10, 2023 at 2:01 am, by anakin
On Thursday, the US equity market took a turn for the worse as concerns grew over trouble in the banking sector and investors braced for Friday’s payrolls report. Weekly jobless claims, released on Thursday, surpassed expectations and marked the first time claims had risen above 200K since early January. Stronger-than-expected figures in Friday’s monthly jobs Continue Reading
Notification of Server Upgrade – March 09, 2023
Written on March 9, 2023 at 8:39 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 : 12th of March 2023 (Sunday) : 08:00 – 15:00 (GMT+3) Please note that the following aspects might be affected during the maintenance: 1. The price quote feature on the Continue Reading
Weekly Dividend Adjustment Notice – March 09, 2023
Written on March 9, 2023 at 7:38 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
US Equity Markets Volatile Despite Fed Reassurances, Jobs Data Awaited on Friday
Written on March 9, 2023 at 4:09 am, by anakin
On Wednesday, the US equity market experienced volatility despite the reassurance from Fed chief Jerome Powell that the central bank is not seeking to cause a recession and that no decision has been made on the size of a rate increase in March. Powell’s testimony to American lawmakers increased bets that the Federal Reserve will Continue Reading
