Monthly Archives: August 2024
Dovish 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
Indices Product – HKTECH Optimisation Notice
Written on August 22, 2024 at 3:16 am, by
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: *All dates and times are provided in GMT+3 (Server Time in MT4/MT5.) Please note that the above data areContinue Reading
Eye on Today’s FOMC Meeting Minutes

Written on August 21, 2024 at 5:38 am, by pumarketings
Market Summary Wall Street took a pause in the last session, with all three major indexes remaining relatively flat as investors awaited the highly anticipated FOMC meeting minutes. Should the minutes align with market expectations and present a dovish tone, it could put further downward pressure on the dollar while potentially fueling gains in theContinue Reading