Monthly Archives: July 2023
RBA Holding The Interest Rate Unchanged
Written on July 5, 2023 at 6:35 am, by lishitong
Market participants remained relatively calm, eye on several crucial data including Non-Farm Payroll (NFP) The market was surprised when the RBA decided to keep rates unchanged yesterday. The Australian central bank emphasized a data-dependent strategy and indicated potential future tightening if necessary. Oil prices slightly increased as Saudi Arabia unilaterally reduced production, with support fromContinue Reading
CFD Rollover Notice for July
Written on July 4, 2023 at 8:55 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
Aussie Dollar Gains Ahead Of RBA Rate Decision
Written on July 4, 2023 at 6:39 am, by lishitong
The disappointed PMI reading indicates a lack of optimism in the manufacturing sector Investors await the RBA’s interest rate decision, expecting a 25 bps rate hike. Despite Australia’s CPI dropping to 5.6%, it remains distant from the 2% target. Meanwhile, the Purchasing Managers’ Index (PMI) readings in both the United States and the Eurozone indicateContinue Reading
