Abstract:Let's take you through the market briefing for 1st day of February 2023
Let's take you through the market briefing for 1st day of February 2023
Asian Markets
Asian stocks are trending higher as investors brace for the Fed's rate hike decision
European Markets
European shares headed for a higher open as markets await the Fed's latest interest rate decision
US Pre-Open Markets
US stocks are looking higher as traders await the Federal Reserve's latest rate hike decision.
Commodities
Oil rose as fears of a US recession eased and the dollar slipped
U.S. Treasury Yield
Treasury yields declined as the Fed meeting began
Major Currency Pairs
Dollar Rises Overshadowed Fed Policy Meeting
Recently, the yen exchange rate has once again broken through the 150 yen per U.S. dollar mark, sparking heated discussions about its appreciation.
Recently, the stability of the Naira exchange rate has become a key focus in the market. The Central Bank of Nigeria (CBN) has implemented a series of monetary policy interventions, reducing the exchange rate gap between the official market and the parallel market to below 1%.
Admirals restarts EU client onboarding after a 2024 pause, enhancing compliance with CySEC regulations while aiming to boost its forex and CFD market presence.
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