Monthly Archives: August 2023
BoE Delivers 25 BPS Rate Hikes Softening Pound Sterling
Written on August 4, 2023 at 6:20 am, by lishitong
The Bank of England (BoE) delivered a 25 bps rate hike, with the BoE governor emphasising that the policy will remain tight. The dollar’s ascent of nearly 1% in August was further bolstered by the U.S. credit rating downgrade, pushing it close to the $103 threshold. However, yesterday U.S. economic data has tempered its surge,Continue Reading
CFD Rollover Notice for August
Written on August 3, 2023 at 8:07 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
U.S. Equity Market Tumbles After Fitch’s Downgrade
Written on August 3, 2023 at 6:38 am, by lishitong
U.S. equity markets declined after Fitch’s downgrade of U.S. treasuries. Last night, the financial market witnessed significant turbulence as Fitch’s downgrade of U.S. treasuries sent shockwaves. U.S. equity markets experienced a sharp decline, with Nasdaq leading the losses with a plunge of over 2%. Simultaneously, the U.S. 10-year bond yield surged to its highest levelContinue Reading
