#ClovergateSocialtrading
FP Markets continues to solidify its position as a leading force in the Forex and CFDs industry, having recently been awarded ‘Best Trading Experience – Africa’ at this year’s Financial Achievements in Markets Excellency (FAME) Awards. This follows their ‘Best CFD Broker in Africa’ recognition at the 2023 FAME Awards, cementing the broker’s strategic geographical expansion.
The dollar tumbled to its lowest level in two months following the disappointing job data, which reinforced bets on a Federal Reserve rate cut.
Market Review | June 6, 2024
Permium account cash back infromation + MT5 Trading account types in Otetmarkets
The Japanese government's intervention in the currency market has been officially confirmed as effective. Finance Minister Shunichi Suzuki stated that the government's market intervention to stabilize the yen exchange rate has had some success. Although the specific number of interventions has not been disclosed, data shows that the Japanese government has intervened twice in a month, spending a total of 9.8 trillion yen, exceeding the 2022 annual intervention expenditure. This suggests that Jap
Oil prices experienced their steepest decline of 2024, dropping over 5%, following the release of the American Petroleum Institute (API) weekly crude data, which revealed an unexpected inventory build-up exceeding 4 million barrels. This surprise data, coupled with OPEC+'s decision to increase oil supply in the fourth quarter, exerted significant downward pressure on prices.
Market Review | June 5, 2024
Market Review | June 5, 2024
Market Review | June 5, 2024
Just2Trade Awarded Best Multi-Asset Broker 2024
On June 2, the OPEC+ meeting announced the extension of the "collective production cut measures" (200,000 barrels per day) until the end of 2025. The "compensatory production cut measures" (approximately 1.65 million barrels per day) will also be extended until the end of December 2025. At the same time, the "voluntary production cut measures" (2.20 million barrels per day) announced in November 2023 will be extended until the end of September 2024. There are plans to gradually phase out the vol
By opening an account with Giraffe Markets, you can make well-timed decisions that optimize your investment outcomes. We provide all the tools, platforms and informative materials for you to succeed in the stock trading market. Remember, the key to successful investing is not just knowing when to buy, but also when to sell.
Recently, DBG Markets has upgraded its system comprehensively, and both its official website and customer management system have been updated to version 2.0. This upgrade not only has a brand new visual effect, but also has comprehensively optimized the functional layout and user experience, aiming to provide every user with a more efficient and convenient trading environment.
The U.S. dollar remained on a downward trajectory following the release of yesterday's PMI readings, which fell short of market expectations.
Market Review | June 4, 2024
U.S. and Brent crude closed lower by $0.5 on Monday (June 3rd), with WTI crude falling below $77 per barrel. The decision by the OPEC+ weekend meeting to extend production cuts came as no surprise. 图片 1.png The recent OPEC+ meeting showed that the agreement reached in Riyadh on Sunday exceeded market expectations in some aspects, extending the "voluntary" production cuts of major member countries such as Saudi Arabia and Russia until next year. However, these major member countries will start
Last Friday (May 31), due to the core PCE price index in the United States hitting a new low since December 2023, the US dollar index weakened and recorded its first monthly decline in 2024
The soft PCE reading last Friday boosted the U.S. equity market, with the expectation of a more dovish Fed monetary policy in the future.
Market Review | June 3, 2024