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Commodity Surge Help AUD and NZD Start a Rally
8.2.2022
The week commenced with AUD and NZD trying to sustain a rally with the recent commodity surge. The Australian dollar cemented itself to 0.7131 dollars, securing a 0.7% growth overnight. Similarly, the Kiwi dollar stood around 0.6635 dollars after hiking 0.3% overnight. Both currencies are barely...
US Job Data Boosts Dollar’s Rebound, Causes Euro to Dip
7.2.2022
The week started with the US data jobs hitting the market. As expected, the release affected the market, boosting the US dollar’s rebound and the euro’s fall. The primary reason behind the outcome lies in traders’ belief that the data could lead to quick rate hikes from the Fed....
Saxo Bank Forex Trading Volume Rises by 21%
4.2.2022
As the first month of 2022 passed very quickly, firms were eager to show their performance for the first month. The Denmark-based investment bank, Saxo, has posted some positive statistics for January. It appears that the bank has recovered from the dips it experienced as it was closing last year....
XTB Notes 69% Hike in Q4 Profits
3.2.2022
XTB, a Poland-based retail broker, recently released its Q4 report, noting a 69% surge in profits. The company also reported a 31.2% year-over-year jump in operating income, with other parameters showing immense growth. The growth ended up with the Polish broker amassing 183.6 million...
Australian Dollar Recovers While US Dollar Falls Further
1.2.2022
The week started on a rough note for the dollar as the safe haven dropped again on Tuesday. The currency has been on a falling spree ever since the Fed hinted at increasing the interest rates in March. On the other hand, the news spelled good news for risk-sensitive currencies like the pound....
Dollar Dips in Front of a Flattened US Yield Curve in Cbanks’ Big Week
31.1.2022
The weekend proved to be fatal for the US dollar as the currency dropped from its one-and-a-half-year high testing. The primary reason behind the dip was the Fed’s comments regarding the interest rate hike. The comments plummeted the US yield curve, putting it at its lowest levels in three months....
IG Group Sees 16% Net Trading Revenue Climb in H1 FY2022
28.1.2022
IG Group Holdings, the renowned financial services provider, recently released its financial report for 2022 H1. The report comprised data for six months ending on 30th November 2021, showing key metrics and statistics related to IG Group’s performance. The service provider noted a whopping 471.9...
CMC Markets Witness Almost Record-Breaking Revenue in Q3
27.1.2022
CMC Markets recently released its data for the third quarter, noting almost record-breaking client money. The report accounted for the venture’s trading performance between October and December 2021. The organization noted that both of its non-leveraged and leveraged business is still close...
HotForex Granted License by the Capital Market Authority (CMA) of Kenya
25.1.2022
The Capital Market Authority, CMA, of Kenya has granted the license to HotForex. This is an addition to the list of regulators who have already approved the functioning of HotForex in their respective countries. HotForex’s approval by the Capital Market Authority of Kenya further strengthens...
eToro Expands Investment Offering, Adds US ETFs and Stocks
21.1.2022
As one of the most well-known social investing platforms, eToro is gradually expanding its footprints across the US. The platform recently announced addressing the growing demand for financial tools by adding US-based ETFs and stocks. Read this review of eToro, if you’d like to know more about...
High Oil Prices Boost Commodity Currencies, Dollar Rally Stalls
20.1.2022
An overnight change of fortune has resulted in a hike in commodity currencies like Canadian and Australian dollars. The hike was caused by a sudden surge in the price of oil which in turn supported the aforementioned currencies to take a firm hold in the market. The US dollar, however, came to...
Dollar Fails To Catch A Lift From Higher Yields, Bank Of Japan In Focus
18.1.2022
Bank of Japan’s meeting on January 18, 2022, has come out as a turning point for the current month. Two issues were discussed with the main emphasis on the Bank of Japan committing to fix its monetary policies. Another issue that the committee worked out in the meeting was the revision of...
NZ and Australian Dollars Struggled to Keep Afloat
17.1.2022
In yet another setback to the hope of global economic recovery, the New Zealand and Australian dollars remained flattened among the mixed signals coming from the numbers released by regulators from the United States of America. According to the latest figures, the Australian dollar decreased...
Dollar Up, U.S. Inflation Likely to Have Minimal Impact on Fed Policy
13.1.2022
The United States Dollar(USD) showed upward momentum in the market on Thursday. Especially in the Asian market, the greenback currency has climbed back up after plunging into new depths. The federal policies are not expected to change anytime soon, although the consumer prices have gone through...
Dollar Conviction Better Signaled by EURUSD Windup Than GBPUSD and USDCAD Breaks
12.1.2022
As the speculative exclusivity of the top-performing US indices fades, we are moving into Wednesday trade with larger participation in the ‘risk on’ wave but a slowdown in the speed of the top-performing US indices. It’s crucial to check the temperature of the stock markets before...
Dollar Falls and Stalls as Investors Await Hearing
11.1.2022
The dollar value went down today morning in Asia, but still, it managed to remain near the middle of the latest range. All the investors are now waiting to hear from Jerome Powell’s Senate Banking Committee of the U.S. Federal Reserve Reserve for any type of clues on the speed as well as...
Dollar Starts 2022 with Support as Inflation Test Looms
10.1.2022
The year has started well for the US dollar as the currency gains value across multiple regions. The primary reason behind the surge is stated by traders’ faith in the inflation data by Fed officials to bolster the interest rates. After falling on Friday, the safe haven jumped 0.2% on the euro...
Dollar Hits One-Month High Against Yen
4.1.2022
The increase in the Japanese Yen is an overnight incident. Even though the US Dollar was observed to decline in market value, it rose after being paired with the Yen. Other currencies observed a similar trend. This includes the Australian Dollar, Chinese yuan, and Britain’s pound, to name a few....
Singapore’s Q4 and 2021 GDP Deal Positive Surprise to Markets
3.1.2022
The Singapore economy for the fourth quarter added around 3% to the GDP of the country. This is widely considered a positive growth as the world is currently preparing for another potential pandemic. Singapore records such a growth just as the new variants of the virus are spreading at a faster...
USD and Yen Trading Low After Equities Performed Well in the US
30.12.2021
Aligned with the improved sentiments among the investors, the prices of the Yen and Dollar were trading at the lower ends as investors seemed to have decided to go for the riskier currencies. As most governments across the globe resisted imposing any new kind of restrictions, including...