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Market Recap I 07-Mar-2024

Gold prices reached a record high in Asian trading due to hints from Federal Reserve Chair Jerome Powell about potential rate cuts in 2024. However, Powell emphasized that rate cuts would only occur once there is convincing evidence that inflation is nearing the 2% target. Japan’s Nikkei slid 1.4% after hitting a fresh all-time high,Continue Reading
Written on March 7, 2024 at 1:37 pm
Categories: News In the Spotlight
Market Recap I 29-Feb-2024

The Federal Reserve’s favored measure of inflation – the core Personal Consumption Expenditures (PCE) Price Index – is scheduled for release later today on Thursday, with forecasts indicating a projected 0.4% increase. Today, oil prices extended their decline from the previous session due to a larger-than-expected build in U.S. crude inventories. Furthermore, the price ofContinue Reading
Written on February 29, 2024 at 2:26 pm
Categories: News In the Spotlight
How to Trade Coffee CFDs

Coffee is in High Demand Let us dive deeper into the art of coffee trading. Deciding what to drink in the morning is typically a quick decision for most people. People around the world often gravitate toward the black, invigorating taste of coffee that kick-starts their day and helps them focus on their work better. Consequently,Continue Reading
Written on February 29, 2024 at 2:13 pm
Categories: Knowledge Basics
Monday Market Update I 26-Feb-2024

Oil prices dropped due to the strengthening dollar, raising concerns over inflation and the potential delay of cuts to U.S. interest rates, thereby impacting global fuel demand. Meanwhile, Asian stocks remained near a seven-month high as investors awaited inflation updates from the US, Japan, and Europe to gauge future rate adjustments. Japanese consumer price figures,Continue Reading
Written on February 27, 2024 at 1:05 am
Categories: News In the Spotlight
Monday Market Update I 19-Feb-2024

In the upcoming holiday-shortened week, the economic calendar remains relatively subdued, with all eyes on Wednesday’s release of the Federal Open Market Committee meeting minutes. Investors are eagerly anticipating major economic updates on Thursday, including Initial Jobless Claims, Retail Global PMI, and Existing Home Sales data from the US market, along with inflation data forContinue Reading
Written on February 19, 2024 at 12:34 pm
Categories: News In the Spotlight
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