Monday's Market Update | 26-Aug-2024
On Monday, oil prices extended their upward trend in Asian trading, continuing their rise from the previous session. This increase is driven by the ongoing Israel-Hamas conflict, which shows no signs of a ceasefire.
Additionally, oil markets were supported by optimism around potential U.S. interest rate cuts after comments from Federal Reserve Chair Jerome Powell, which further boosted oil prices on Friday. The EUR/USD pair weakened to near 1.1185 during early trading in Europe on Monday.
The slight recovery in the U.S. dollar is putting downward pressure on the pair. However, the downside might be limited because Federal Reserve Chair Jerome Powell hinted at a possible rate cut in September.
Dear Valued Clients, Please be advised that the following instruments' trading hours and market session…
Dear Valued Clients, Please be advised that the following instruments' trading hours and market session…
Dear Valued Clients, The global gold market has experienced significant volatility recently, with market liquidity…
Dear Valued Client, Please be advised that the following CFD instruments will be automatically rolled…
Dear Valued Clients, Please be advised that the following instruments' trading hours and market session times…
Dear Valued Clients, Please be advised that the margin call and stop-out levels will be adjusted…
This website uses cookies.