Dear Client,

Please note that the dividends of the following products will be adjusted accordingly. Index dividends will be executed separately through a balance statement directly to your trading account, and the comment will be in the following format “Div & Product Name & Net Volume ”.

Please refer to the table below for more details:

The above data is for reference only, please refer to the MT4/MT5 software for specific data.

If you’d like more information, please don’t hesitate to contact [email protected].

Dear Client,

As part of our commitment to provide the most reliable service to our clients, there will be server maintenance this weekend.

Maintenance Hours :
11th of May 2024 (Saturday) 18:00 – 24:00 (GMT+3)

Please note that the following aspects might be affected during the maintenance:

1. The price quote and trading management will be temporarily disabled during the maintenance. You will not be able to open new positions, close open positions, or make any adjustments to the trades.

2. There might be a gap between the original price and the price after maintenance. The gaps between Pending Orders, Stop Loss and Take Profit will be filled at the market price once the maintenance is completed. It is suggested that you manage the account properly.

Please refer to the MT4/MT5 software for the specific maintenance completion and marketing opening time.

Thank you for your patience and understanding about this important initiative.

If you’d like more information, please don’t hesitate to contact [email protected].

Dear Client,

Please note that the dividends of the following products will be adjusted accordingly. Index dividends will be executed separately through a balance statement directly to your trading account, and the comment will be in the following format “Div & Product Name & Net Volume ”.

Please refer to the table below for more details:

The above data is for reference only, please refer to the MT4/MT5 software for specific data.

If you’d like more information, please don’t hesitate to contact [email protected].

CURRENCIES:

Gold Price Analysis (XAU/USD):

• Current Sentiment: Bearish
• Recent Trends: Prices fell for the second consecutive session, nearly erasing gains from Monday’s rally.
• Market Behavior: Gold has been trading sideways for the past two weeks, indicating market indecision.
• Key Levels:
  • Resistance: $2,355; breaking this could lead to $2,415.
  • Support: $2,280; breaching this could see a drop to $2,260 and possibly $2,225.

USD/JPY Analysis:

• Recent Performance: Prices rose, surpassing the resistance at 154.65.
• Potential Outcomes:
  • Bullish Scenario: Price could approach 158.00 and may test the 160.00 level, though intervention by Tokyo could reverse gains.
  • Bearish Scenario: If prices drop, support might be found at 154.65 and 153.15, with potential further declines towards 152.00.

EUR/USD Forecast:

• Current Performance: Slight decline, threatening key support level.
• Critical Support: 1.0750; a decisive breach could lead to a pullback towards 1.0725 and 1.0695.
• Resistance Levels:
  • Immediate Resistance: 1.0790 followed by 1.0820, aligning with a medium-term downtrend.
  • Further Gains: Could advance towards 1.0865, representing the 50% Fibonacci retracement of the 2023 drop.

STOCK MARKET:

Inflation Concerns: Acknowledges it will take longer than expected to lower inflation to desired levels.

Current Economic Policies: No pre-set path for policy, suggesting flexibility in response to economic changes.

Supply Chain and Economic Growth: Noted improvements in supply chains have cooled inflation but may not continue; slower economic growth needed to reduce demand and inflation.

Recent Statements by Fed Officials:

• John Williams, New York Fed President: Advocates maintaining current policy levels, emphasizing stability.
• Neel Kashkari, Minneapolis Fed President: Suggests rates might stay at current levels longer than anticipated; open to hikes if inflation nears 3%.

Federal Reserve’s Recent Decisions:

• Interest Rates: Maintained at 5.25%-5.50%, the highest in 23 years.
• Monetary Policy Impact: Described as “moderately restrictive,” balancing the risk of premature rate cuts against the necessity of sustained restrictive measures.

Economic Observations and Forecasts:

• Inflation Trends: First three months showed stagnation in inflation reduction after declines in the latter half of the previous year.
• Future Rate Adjustments: No cuts expected until there’s confidence in sustainable movement towards a 2% inflation rate.

Collins’ Economic Outlook:

• Labor Market and Wage Growth: Monitoring for non-inflationary wage increases and a balanced job market.
• Productivity Insights: Recent boosts in productivity seen as temporary adjustments, not long-term gains.

Click here to open account and start trading.

Dear Client,

Please note that the dividends of the following products will be adjusted accordingly. Index dividends will be executed separately through a balance statement directly to your trading account, and the comment will be in the following format “Div & Product Name & Net Volume ”.

Please refer to the table below for more details:

The above data is for reference only, please refer to the MT4/MT5 software for specific data.

If you’d like more information, please don’t hesitate to contact [email protected].

CURRENCIES:

Key Insights on Trading Sentiment:

• The charm of following the crowd in trading, such as buying during hype and selling in panic, is acknowledged, but seasoned traders often benefit from a contrarian approach.
• Contrarian trading insights, gathered from tools like IG client sentiment, reveal crucial moments when the market’s extreme optimism or pessimism may indicate a turning point.

USD/JPY Analysis:

• Current IG data shows a bearish sentiment with 65.61% of clients net-short, indicating a short-to-long ratio of 1.91 to 1.
• A potential rise in USD/JPY is suggested by the prevailing bearish sentiment, although recent changes in position ratios suggest a possible trend reversal.

EUR/JPY Analysis:

• A bearish sentiment is predominant with 69.73% of clients net-short, leading to a short-to-long ratio of 2.30 to 1.
• While the market remains generally pessimistic about EUR/JPY, a decrease in sellers suggests potential for price increase, albeit with some uncertainty regarding trend direction.

GBP/JPY Analysis:

• The sentiment is also bearish with 65.45% of clients predicting a decline, and a short-to-long ratio of 1.89 to 1.
• Although the market is net-short, indicating potential for price increase, a significant decrease in bearish positions on a weekly basis leads to a more neutral market outlook.

Strategic Trading Approach:

• It’s emphasized that while contrarian signals are insightful, they should not be used in isolation. Effective trading strategies should integrate these signals with comprehensive technical and fundamental analysis to capture the full dynamics of the market.

STOCK MARKET:

Overview of Market Conditions:

• Despite ongoing inflation and the risk of high interest rates, the stock market has shown resilience, partly due to better-than-expected first quarter earnings.
• The S&P 500 is reporting a 5% growth in earnings per share for the first quarter, the highest year-over-year increase since Q2 2022 and exceeding the expected 3.2% growth.

Insights from Industry Experts:

• Jean Boivin of BlackRock notes that strong Q1 earnings are supporting stock values even amid high interest rates and elevated market expectations.
• Scott Chronert and the Citi equity strategy team reinforce a bullish stance on S&P 500 fundamentals despite the challenges posed by the Federal Reserve and economic conditions.

Performance of S&P 500:

• The S&P 500’s performance is significantly attributed to robust earnings growth, which has spurred an approximate 8% rally this year.
• First quarter net profit margins are reported at 11.7%, surpassing the five-year average of 11.5% and reflecting a trend of cost-cutting rather than revenue growth.

Sector-Specific Strategies:

• Significant cost-cutting in Big Tech was pivotal in 2023, and similar strategies are now being adopted by companies outside the tech sector.
• Ohsung Kwon from Bank of America highlights that cost reductions in traditional sectors are expected to boost margins and contribute to a broader market rally.

Future Earnings Projections:

• Despite a general expectation for downward revisions, 55% of companies have projected lower EPS for Q2 than analysts anticipated, which is below the 10-year average of 63%.
• Analysts have increased their earnings forecasts for the S&P 500 by 0.7% through the first month of Q2, marking a positive deviation from the typical trend over the past 20 years.

Market Outlook:

• DataTrek’s Jessica Rabe and Nicholas Colas describe the current positive estimate revisions as a bullish development for the market.
• They argue that without a significant external shock, it is unlikely that US large cap stocks will experience a major decline.

Click here to open account and start trading.

Dear Client,

Please note that the dividends of the following products will be adjusted accordingly. Index dividends will be executed separately through a balance statement directly to your trading account, and the comment will be in the following format “Div & Product Name & Net Volume ”.

Please refer to the table below for more details:

The above data is for reference only, please refer to the MT4/MT5 software for specific data.

If you’d like more information, please don’t hesitate to contact [email protected].

Dear Client,

Please note that the dividends of the following products will be adjusted accordingly. Index dividends will be executed separately through a balance statement directly to your trading account, and the comment will be in the following format “Div & Product Name & Net Volume ”.

Please refer to the table below for more details:

The above data is for reference only, please refer to the MT4/MT5 software for specific data.

If you’d like more information, please don’t hesitate to contact [email protected].

Dear Client,

Please note that the dividends of the following products will be adjusted accordingly. Index dividends will be executed separately through a balance statement directly to your trading account, and the comment will be in the following format “Div & Product Name & Net Volume ”.

Please refer to the table below for more details:

The above data is for reference only, please refer to the MT4/MT5 software for specific data.

If you’d like more information, please don’t hesitate to contact [email protected].

Dear Client,

Please note that the dividends of the following products will be adjusted accordingly. Index dividends will be executed separately through a balance statement directly to your trading account, and the comment will be in the following format “Div & Product Name & Net Volume ”.

Please refer to the table below for more details:

The above data is for reference only, please refer to the MT4/MT5 software for specific data.

If you’d like more information, please don’t hesitate to contact [email protected].