Market Recap | 23-May-2024
Gold prices saw extended losses in Asian trade on Thursday, pulling back further from record highs due to renewed concerns over high interest rates.
The dollar hovered near a one-week high on Thursday, following its best day this month against its major peers. It happened after minutes of the last Federal Reserve meeting revealed concerns about persistent inflation, as some members are open to further rate hikes.
Consequently, the anticipated timing for the first interest rate cut has shifted from September to November. The Federal Reserve meeting occurs just after the U.S. elections.
NVIDIA reached a record high in aftermarket trade following better-than-expected first-quarter earnings and strong revenue projections for the current quarter. Additionally, The AI giant also announced the plan for a 10-for-one stock split.
Oil prices eased for a fourth straight session on Thursday after the minutes of a U.S. Federal Reserve meeting revealed discussions of a further tightening of additional interest rates if inflation persists, a development that could potentially hurt oil demand.
Dear Valued Clients, Please be advised that the following instruments' trading hours and market session…
https://www.youtube.com/watch?v=7HhdRjcGrIo USD/CAD continues to decline for the third consecutive session, trading near 1.4360 as rising…
MetaTrader 4, commonly abbreviated as MT4, is one of the most popular and widely used…
https://youtu.be/nC7s5cO7Xl8 Gold prices (XAU/USD) have recovered modestly from a one-month low near $2,583-$2,584 touched during…
https://youtu.be/ZlrmvoOvDd4 Gold prices (XAU/USD) are struggling to maintain a modest rebound after touching a one-week…
Dear Valued Clients, Please be advised that the following instruments' trading hours and market session…
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