Yearly Archives: 2024
Libya Oil Field Shutdown Leads Oil Prices to Rebound
Written on September 3, 2024 at 5:34 am, by pumarketings
Market Summary Oil prices rebounded above the critical support level near the $73.00 mark, driven by several key factors. Libya’s key oil field shutdowns have led to a reduction of a million barrels in global daily oil supplies, significantly pushing oil prices higher in the last session. Additionally, the U.S. government is set to imposeContinue Reading
Dollar Strengthen as Inflation Data Remain High
Written on September 2, 2024 at 5:50 am, by pumarketings
Market Summary The highly anticipated PCE reading released last Friday catalysed the U.S. dollar, pushing it above its previous resistance level of $101.00 to reach a weekly high. While the Fed’s preferred inflation gauge came in lower than market expectations, it remained well above the 2% target, suggesting that the Fed may opt for aContinue Reading
Understanding Stop Loss and Stop Limit Order in CFD Trading
Written on September 1, 2024 at 2:36 am, by sallychang
Stop Loss And Stop Limit Orders Are Commonly Used In CFD Trading. Stop loss orders and stop limit orders are often used in trading CFD, which stands for Contract For Differences, to limit losses on a position. A stop loss order is an order to sell a security when it reaches a certain price, whileContinue Reading
