Monthly Archives: August 2024
Upcoming Changes to Trading Hours
Written on August 5, 2024 at 8:16 am, by
Dear Valued Client, Please be advised that the following instruments’ trading hours and market session times will be affected by the upcoming August holidays. Please refer to the table below outlining the affected instruments: * All hours are provided in GMT+3 (Server Time in MT4/MT5.) Note: In the event of reduced liquidity in the market,Continue Reading
NFP Hammers Dollar to 4 Months Low
Written on August 5, 2024 at 5:43 am, by
Market Summary The aftermath of the Japanese yen’s strengthening has manifested in significant dips across multiple markets, including equities, commodities, and various currencies. The yen has erased all its 2024 losses against the dollar, moving towards the 145.00 mark. The dollar index (DXY) has fallen to its lowest level since March, hovering above the $103Continue Reading
Sterling Ease On BoE Rate Cut
Written on August 5, 2024 at 5:40 am, by
Market Summary The spotlight was on the Bank of England (BoE) yesterday as the market awaited its interest rate decision. The BoE’s decision to cut rates by 25 basis points came in line with market consensus, leading to a decline in the Pound Sterling, which trailed to a one-month low against the dollar. In contrast,Continue Reading
