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.
The meaning of aggregate risk may differ depending on the context. Generally it pertains to…
Dear Valued Client, In order to provide you with a better trading experience, STARTRADER will…
Also known as AUM, it refers to the total value of financial assets that an…
In order to fulfill the demand for goods and services created in the economy during…
Dear Valued Client, Please be advised that the following CFD instruments will be automatically rolled…
Algorithmic trading is the marriage of trading and computer software. Instead of the trader monitoring…
This website uses cookies.