Monthly Archives: August 2024
41654156156Dovish FOMC Meeting Minutes Hammers Dollar
Written on August 22, 2024 at 6:33 am, by pumarketings
Market Summary The dollar continued to face downside pressure following the release of the FOMC meeting minutes. Concerns were raised by FOMC members over potential labour market deterioration, with the majority of the members signalling that a September rate cut might be appropriate. This dovish narrative provided buoyancy to the equity market, as all majorContinue Reading
Japanese Yen Slips Following Trade Deficit Data
Written on August 22, 2024 at 5:25 am, by pumarketings
Fundamental Analysis * Deficit Drag: The Japanese Yen have fell against the dollar as a record of Japan’s trade deficit data has dragged the Japanese Yen. According to data showed on Wednesday, Japan’s Merchandise Trade Balance fell into a deficit of ¥621.84 billion in July, reversing the surplus of ¥224.0 billion reported in June andContinue Reading
Indices Product – HKTECH Optimisation Notice
Written on August 22, 2024 at 2:21 am, by sallychang
Dear Valued Client, Please be advised that the leverage of HKTECH will be optimised from 26th August 2024 to further enhance the competitiveness and improve the trading environment. Please refer to the table below for adjustment:
