Yearly Archives: 2024
Dollar Strengthen as Inflation Data Remain High
Written on September 4, 2024 at 2:09 am, by
Market Summary The highly anticipated PCE reading released last Friday catalysed the U.S. dollar, pushing it above its previous resistance level of $101.00 to reach a weekly high. While the Fed’s preferred inflation gauge came in lower than market expectations, it remained well above the 2% target, suggesting that the Fed may opt for aContinue Reading
Upbeat U.S. GDP Spurs Dollar Strength
Written on September 4, 2024 at 2:08 am, by
Market Summary The Dow Jones set a new milestone, rising to 41,577 points before experiencing a retracement. In contrast, the Nasdaq continues to struggle, weighed down by Nvidia’s earnings report, which appears to lack a significant “wow” factor. The Asian equity markets are expected to mirror the sentiment of the U.S. market and may endContinue Reading
Understanding Stop Loss and Stop Limit Order in CFD Trading
Written on September 1, 2024 at 2:36 am, by sallychang
Stop Loss And Stop Limit Orders Are Commonly Used In CFD Trading. Stop loss orders and stop limit orders are often used in trading CFD, which stands for Contract For Differences, to limit losses on a position. A stop loss order is an order to sell a security when it reaches a certain price, whileContinue Reading
