Monthly Archives: August 2022

Optimistic Consumer Sentiment Supports Fed Hawkishness

Written on August 31, 2022 at 3:08 am, by

Market Focus US stocks ended at their lowest level in a month, as fresh data pointed to resilience in household and labor demand, affirming the Federal Reserve’s resolve to continue to be aggressive in its fight against inflation. Three regional Fed presidents, in separate remarks on Tuesday, reiterated Chair Jerome Powell’s intention to bring downContinue Reading

Cryptocurrency Products Optimisation Notice

Written on August 30, 2022 at 6:10 am, by

Dear Valued Client, Please be advised that there will be optimisation for Swap Fee on all our cryptocurrency products starting from 5th September 2022 to further enhance the competitiveness and improve the trading environment. Please refer to the table below for optimisation: *All dates and time are provided in GMT+3 (Server Time in MT4/MT5.) IfContinue Reading

Share Rout Continues on High Interest Rate Outlook

Written on August 30, 2022 at 2:30 am, by

Market Focus US stocks declined on Monday as the realisation that interest rates are likely to remain elevated for an extended period continued to force a repricing across assets. Powell’s speech during the Jackson Hole symposium underscored that expectations for any reversal of Fed tightening next year was unlikely unless inflation reverted toward the centralContinue Reading