Monthly Archives: August 2023
Week Ahead: Markets to Focus on RBNZ Rate Statement and US Retail Sales
Written on August 14, 2023 at 1:34 am, by anakin
Important economic events will have a significant impact on the forex market this week. Keep an eye out for the Reserve Bank of New Zealand’s (RBNZ) Rate Statement and the US data for retail sales. This information could greatly influence the markets, so it’s crucial for traders to be cautious and stay on top of Continue Reading
Notification of Server Upgrade – August 11, 2023
Written on August 11, 2023 at 1:22 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 August 2023 (Saturday) 14:00 – 18:00 (GMT+3) Please note that the following aspects might be affected during the maintenance: 1. The price quote and trading management will Continue Reading
From “Tulip Mania” to Modern Markets: How to Trade Soft Commodities
Written on August 10, 2023 at 9:02 am, by anakin
In the 17th-century Dutch Golden Age, a mesmerising phenomenon called “Tulip Mania” took centre stage, forever changing economic history. Tulips, normally beloved for their beauty, became the focus of an astonishing speculative bubble. Prices soared to unimaginable heights, with a single rare bulb fetching the value of a grand house in Amsterdam. Enthusiastic investors rushed Continue Reading
Moody’s Downgrade Sparks August Sell-Off: Banking Sector Hit, Markets in Turmoil
Written on August 9, 2023 at 2:48 am, by anakin
Stocks experienced a renewed downward trend on Tuesday, triggered by a credit rating downgrade of the banking sector from Moody’s in the midst of an August selloff. The Dow Jones Industrial Average closed with a loss of 158.64 points, or 0.45%, settling at 35,314.49, while the S&P 500 ended down 0.42% at 4,499.38, reflecting a Continue Reading
Unveiling the Power of Technical Analysis: A Forex Trader’s Strategic Edge
Written on August 8, 2023 at 12:36 pm, by anakin
In ancient Japan, there was a brilliant rice trader named Munehisa Homma. He had a unique talent for predicting future price movements in the rice markets. How did he do it? Well, he closely observed market prices and studied the emotions of fear and greed among traders. This keen observation led him to create something Continue Reading
August Futures Rollover Announcement – August 8, 2023
Written on August 8, 2023 at 6:51 am, by anakin
Dear Client, New contracts will automatically be rolled over as follows: Please note: • The rollover will be automatic, and any existing open positions will remain open. • Positions that are open on the expiration date will be adjusted via a rollover charge or credit to reflect the price difference between the expiring and new Continue Reading
Week Ahead: All Eyes on US Consumer Price Index and Producer Price Index
Written on August 7, 2023 at 3:09 am, by anakin
Several key market events are expected to influence the financial markets this week. Specifically, the highly awaited US Consumer Price Index and Producer Price Index will be released. In light of these crucial announcements, we advise traders to approach their trading preparations with caution, considering the potential for heightened market volatility. Here are some key Continue Reading
Notification of Server Upgrade – August 4, 2023
Written on August 4, 2023 at 1:38 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 : 5th of August 2023 (Saturday) 14:00 – 18:00 (GMT+3) Please note that the following aspects might be affected during the maintenance: 1. The price quote and trading management will Continue Reading
Notification of Trading Adjustment in Holiday – August 2, 2023
Written on August 2, 2023 at 1:24 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].
