Monthly Archives: August 2023
U.S. Economic Data Continue To Dampen Dollar’s Strength
Written on August 31, 2023 at 5:41 am, by lishitong
Downbeat U.S. economic data continue to hammer the dollar and is struggling to hold above $103 trajectory The United States continues to release disappointing economic data, leading to a further weakening of the dollar’s strength. The labour market’s cooling trend is evident as the ADP Nonfarm Employment Change figures declined to 177k, a significant dropContinue Reading
CFD Rollover Notice for September
Written on August 31, 2023 at 1:27 am, by lishitong
Dear Valued Client, Please be advised that the following CFD instruments will be automatically rolled over as per the dates in the table below. As there can be a pricing difference between old and new futures contracts, we recommend clients to monitor their positions closely and manage positions accordingly. Expiration dates: *All hours are providedContinue Reading
Softer Job Data Hammers Dollar
Written on August 30, 2023 at 6:07 am, by lishitong
The decline in U.S. JOLTs Job Openings signals a cooling labor market, leading to a significant setback of nearly 5% for the dollar. In an unexpected turn, the U.S. JOLTs Job Openings report displayed a decline from its previous reading of 9.17 million to the current figure of 8.83 million, signalling a cooling labour market.Continue Reading
