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OnEquity, a leading online broker, is excited to announce the launch of its brand-new website, designed to elevate the trading experience for its valued clients. This move underscores OnEquity's unwavering commitment to providing exceptional service and innovative tools to empower smarter and more efficient trading.
The easing of global monetary policy, especially the expectation of interest rate cuts by the Federal Reserve, has brought new vitality to the gold and silver markets. Despite some uncertainties, such as the resilience of the US dollar and geopolitical risks, analysts generally have a positive outlook for the long-term prospects of precious metals. Investors should pay close attention to the policy trends of the Federal Reserve and changes in the global economic and political environment when co
The global market is experiencing significant volatility due to uncertainties in economic data and central bank policies. Key highlights include the Nasdaq 100 index's dramatic rise and fall, Amazon's disappointing sales data, and Japan's significant stock market drop following an unexpected rate hike by the Bank of Japan.
On Thursday (August 1st), the US dollar index maintained range volatility, falling nearly 104 points during trading
The BoE's decision to cut rates by 25 basis points came in line with market consensus, leading to a decline in the Pound Sterling
OnEquity proudly announces the appointment of Angelo Themistokli as Chief Commercial Officer (CCO), bringing extensive experience and a proven track record in the fintech and forex sectors.
The Japanese Yen strengthened against the US Dollar after the Bank of Japan's hawkish policy move, raising rates by 15 basis points and reducing bond purchases. Japan's Ministry of Finance also spent ¥5.53 trillion ($36.8 billion) in July to stabilize the Yen. Meanwhile, the US Dollar weakened as the Federal Reserve maintained interest rates. Traders now await US economic data, including the ISM Manufacturing PMI and Initial Jobless Claims, for further guidance.
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Market Review | August 2, 2024
Market Review | August 2, 2024
English Press Release: GTCFX to Host Exclusive Golf Event in Dubai GTCFX Announces Upcoming Exclusive Golf Event in Dubai
Kudotrade has started off with a full license from leading software company Meta Quotes!
The Federal Reserve maintained interest rates unchanged in the latest policy resolution and closely monitored the labor market and inflation to guide future monetary policy. Although there are differences in the market's expectations for an interest rate cut in the short term, Federal Reserve Chairman Powell emphasized the resilience of the labor market and the commitment to the inflation target, indicating that in achieving the dual mission of maximizing employment and stabilizing prices, the F
OnEquity, a leading online broker, has created a comprehensive educational platform called OnEquity Hub. This platform offers a wealth of resources to help traders effectively navigate the dynamic and ever-evolving financial markets.
As we approach the Nonfarm Payroll (NFP) report on August 2, 2024, market participants are keenly observing the data for insights into the U.S. labor market. The report is expected to show an increase of 194,000 to 206,000 jobs for July, indicating modest growth. This suggests potential softening in the labor market. A weaker-than-expected report could prompt the Fed to consider rate cuts, influencing the USD. Major currency pairs and gold prices will likely see volatility around the NFP release
The global market experienced notable fluctuations due to anticipated central bank decisions and economic data releases. Japanese stocks fell and the yen strengthened on speculation of a Bank of Japan rate hike. US stocks, driven by tech giants like Nvidia, saw gains as the Fed hinted at potential rate cuts in September. Contrarily, China's manufacturing activity contracted, raising economic recovery concerns. Geopolitical tensions and corporate updates, Samsung's earnings and Intel's job cuts
The highly anticipated Fed’s interest rate decision was disclosed yesterday, hammering the dollar’s strength lower as Fed Chief Jerome Powell explicitly signalled that a September rate cut is possible. The U.S. central bank is balancing both inflation and recession risks, with interest rates adjusted to curb inflation while maintaining a solid labour market.
Gold prices surged on Wednesday after the Federal Reserve suggested a potential rate cut in September. A decline in US Treasury yields and the US dollar, which hit its lowest level since July 18, further increased the appeal of gold. Investors are closely monitoring the Fed's upcoming policy decision. Geopolitical tensions in the Middle East, particularly between Israel and Iran, also drove investors towards the safe-haven asset, adding to gold's rise.
OnEquity wins the Best Multi-Asset Broker in the APAC region for 2024. These prestigious awards recognize OnEquity’s unparalleled expertise in providing a diverse range of asset classes, superior trading conditions, and exceptional client service.
Market Review | August 1, 2024