About: anakin
Recent Posts by anakin
US Equity Markets Volatile Despite Fed Reassurances, Jobs Data Awaited on Friday
On Wednesday, the US equity market experienced volatility despite the reassurance from Fed chief Jerome Powell that the central bank is not seeking to cause a recession and that no decision has been made on the size of a rate increase in March. Powell’s testimony to American lawmakers increased bets that the Federal Reserve will Continue Reading
Daylight Saving Time Adjustment Notice – March 08, 2023
Dear Client, The adjustment of DST will be commencing on March 12th. Please consider below carefully: The trading sessions of some products on MT4/MT5 will be changed as follows. Please find the table below for more information. The above data is for reference only, please refer to the MT4/MT5 software for specific data. If you’d Continue Reading
Powell’s Hawkish Remarks Spark Wall Street Sell-Off and Recession Concerns
Jerome Powell’s hawkish rhetoric triggered a surge in Federal Reserve rate expectations, sparking concerns of a potential recession and causing a sell-off in the riskier segments of the market, resulting in Wall Street experiencing a reality check. During a Senate hearing, Powell suggested that the Fed may accelerate the pace of tightening and raise interest Continue Reading
US Stock Market Struggles Amid Economic Risks and Key Events
The US stock market struggled to make gains due to concerns that a recent surge in prices may be overblown, given ongoing economic risks. The fate of the 2023 stock market recovery hinges on four major events before the Federal Reserve’s March 22 meeting, which will determine if the market will rebound after its February Continue Reading
Week ahead: Focus on RBA, BOJ, and BOC rate statements and US Employment Change
Major central banks are setting the stage for global markets this week, as key economies such as Japan and Australia will announce changes to their benchmark interest rates. The markets will also closely observe the US and Canada Employment Change. Monitoring these key metrics worldwide can help traders make better trading decisions. Here are key Continue Reading
