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CFTC Charges New Jersey Based Entities and Individuals with Multi-Million Dollar Forex Fraud
29.12.2021
The Commodity Futures Trading Commission has filed a civil enforcement action. It has been filed in the US District Court of New Jersey. It includes two parties facing the charges. The parties are Thomas Plaut and Arthur Dembro. Both of them are allegedly guilty of committing fraud through their...
Libertex Now Offers Slashed Fees on Crypto CFD Services
28.12.2021
As we are getting ready to welcome the new year 2022, Libertex is offering prospective investors the feature of zero Commission on the cryptocurrency contract for difference (CFDs) trading. Even the company is not going to charge any exchange and swap fees applicable in the case of CFDs related...
Chinese Central Bank Vows to Develop Real Estate Market
27.12.2021
The Chinese central bank recently promised a healthy development of the real estate industry in the region. In addition, the financial institution talked about safeguarding the home buyers’ legal rights and satisfying their living needs. The PBOC (People’s Bank of China) released the statement...
Omicron Fear Affects Outlook as the Dollar Is Down
23.12.2021
In Asia, the dollar traded lower as investors’ risk appetite was piqued by optimism about the global economic prospects. The constant spread of the omicron COVID-19 variation is a source of concern. Risk sentiment has rebounded since the scare of omicron’s spread and the resulting...
Risks Turn Positive in the US as NZD Reaches Top Spot
22.12.2021
The high forex space followed up on strong gains within the European equities region that turned tides in the US. The AUD and NZD experienced noticeable gains as GBP followed the bandwagon. All three currencies recovered well from the supply concerns while the CHF and yen performed relatively...
Forex Today: Euro, Havens Strong Amid Risk Aversion
21.12.2021
The euro was the standout performer on a largely facing risk that particular day which ordinarily favor conventional FX safe havens such the USD as well as JPY. After rebounding a supporting tool in the form of recent lows, the EUR/USD gained 0.4 percent but was unable to hold above the 1.1300...
The TUSIAD Business Group Calls for an End to Erdogan’s Low-Rates Policy
20.12.2021
The Turkish president is facing several questions and criticisms against his announcement of a new monetary policy. The TUSIAD business group has urged Erdogan to go back to the rules of economic science. Erdogan has also been asked to completely write off the new policy that is based on low rates....
Bank of England Releases Surprise Rate Hike
17.12.2021
The Bank of England recently surprised the market with its sudden bank rate hike. The central bank surged the rate by 0.15%, taking it to 0.25%. The bank previously issued the surge three and half years back, following a sustained period of an asset-buying program and low rates. The financial...
Intraday Technical Analysis on Adobe Incorporation Stock
16.12.2021
As the financial sector experiences significant fluctuations, the need for precise technical analysis has increased significantly. Even with the market filled with numerous instruments, Adobe Inc. stock remains to be the point of focal interest. So, here is a keen overview of the Adobe stock....
Stocks Dip Amid Growing Concerns of Omicron and Fed Policy Tilt
15.12.2021
The financial market came to a sudden halt recently after the concerns regarding the omicron variant started surging. However, hospitalization reports from Denmark show a usually mild reaction from the variant. However, the severity of the matter is yet to be resolved. Meanwhile, the market is also...
eToro Might Push SPAC Merger Deadline, Again
14.12.2021
The latest report by Calcalist states that eToro might push its SPAC merger deadline once again. The broker previously announced closing the deal at Q3 end but failed to do so. The Israel-based firm has confirmed its merger with FinTech Acquisition Corporation. However, the deal does not appear...
AUD/USD Looks Higher Ahead of Busy Week as Sentiment Improves
13.12.2021
Markets in the Asia-Pacific set at a higher opening at the start of the week. With the Omicron threat set aside, the S&P 500 sealed at a new record high last Friday on Wall Street. The traders are now focused on the Federal Reserve and monetary policy announcement this week, scheduled...
Axi’s UK Branch Ends FY21 with £1.9m Net Profit & 46% Growth
10.12.2021
AxiCorp Ltd, Axi’s London-based subsidiary, recently released its funds report for the fiscal year 2021. The report covered the period till June 30th and showed a whopping 46% growth. As a result, the company generated over 1.9 million pounds for business in the UK. Moreover, the company’s turnover...
AUD/USD Currency Stays in Focus as Traders Await Omicron News
6.12.2021
Following last week’s volatile market nature, Asia-Pacific markets are expected to start trading cautiously. The economic calendar is currently light, allowing prevailing risk trends to remain controlled. The developing Omicron variant of Covid-19 impacted mood last week, causing risk...
Interactive Brokers Reports 22% Rise of YoY in November DARTs
3.12.2021
Interactive Brokers LLC, a prominent trading electronic venue in the United States, has revealed its November trading figures, which saw a 22% increase in daily average revenue trades, or DARTs. In terms of DARTs, the broker recorded 2.793 million for the month, 21% more than the previous month....
Australian Dollar Stayed Low Despite Concern Over Omicron
1.12.2021
On Wednesday, Yen stayed firm in the volatile market condition. At the same time, the risk-sensitive Australian dollar fell to a one-year low as Federal Reserve Chair Jerome Powell signaled a speedier reduction of stimulus despite the dangers associated with the Omicron COVID-19 variation....
Dollar Falls Down, One Week Low, as Omicron Fear Eases
30.11.2021
Earlier on Tuesday, the rate of the Dollar was down in Asia, one week lower than the previous week due to the significant concerns of Covid-19’s new variant Omicron. The concern was also about the economy of the US and the delayed Federal Reserve hike in the interest rate of the US. The World...
AUD Threatens Key Level as APAC Traders Await Omicron News
29.11.2021
The week started rough for the AUD as the US cuts off travel with South Africa. The safe-haven currency made the decision amid the threat of a new pandemic variant, Omicron. The announcement affected the market significantly, hurting the portfolio of numerous Australian forex brokers. The new virus...
During Black Week, SimpleFX is Giving $1000 in Bitcoin Just For Trading
23.11.2021
The buying spree has begun. Black Week is when the best deals are available. It frequently results in increased market volatility because everyone is purchasing due to outstanding market prospects. You should buy $1,000 in Bitcoin via the SimpleFX trading app if you want an excellent deal....
FP Markets Tops Australia FX Broker List in 2021
19.11.2021
FP Markets has put out a statement claiming that they have been chosen as the Best FX Broker of Australia for 2021, making them the back-to-back winners of the title in 2020 and 2021. The list is created by FxScouts along with FxAustralia and TradeForexSA. The CFD market has had a difficult year...