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GBPAUD Offering Trading Opportunities
12.8.2022
As the financial market is recovering from its recent downfall, the pound is weakened against most major currencies, and the currency is still weak against names like the CHF and the USD. Amid the market’s stabilization, traders find ample investment opportunities in the GBPAUD pair. The trading...
BoE and US Fed Release Their Historical Data, Supporting the GBP/USD Pair
10.8.2022
GBP/USD trading pair caught a lot of attention with the Bank of England and the US Federal Reserve doing their best to support it after a losing but eventful week. Forex brokers keep their eyes on the trading board to make the trade for a green margin. FXCM, a New York-based platform founded...
With a Mixed Graph of Ups and Downs, Bulls Anticipate Gains
9.8.2022
A bullish trend prevailed yesterday, making silver a hot trade for those seeking a near-term option. Asian indices were a mix of ups and downs, with the majority recording an up-trend on the trading board. ASX 200, Australia, is at 7,029.40 with an upswing of 8.8 points. The figure is impressive...
Nigerian Currency Recovers Versus US Dollar — Central Bank Says Importers Must Repatriate Forex Earnings
6.8.2022
After touching a new all-time low of N710 per dollar in late July, a new report says the Nigerian currency has rebounded by as much as 10%. After initially blaming speculators, the Central Bank of Nigeria has said importers who fail to remit forex earnings may be contributing to the naira’s...
5 Tips to Trade Forex Safely in Kenya
5.8.2022
The endless opportunities to earn profits from the forex market have allowed Kenyan traders of different experience levels, including novices who have recently stepped into the financial market to seasoned traders with years of experience, to enter and benefit from forex trading. Several foreign...
The Dollar Prowls Below Highs as Fear Arises Surrounding Europe’s Gas Supply
18.7.2022
The combination of wobbling economics in China and Europe and the rising interest rates in the United States has led the greenback to soar this year. It pushed the numbers above parity for the first time in around 20 years before it eased back. Euro was last bought at $1.00955, whereas the...
CFTC labels 34 crypto and forex firms as unregistered foreign entities
14.7.2022
"Customers engaged in transactions with these entities may not receive the benefit of the customer protections, safeguards, and guardrails,” said CFTC commissioner Kristin Johnson
India's Law Enforcement Agency Probes Crypto Exchanges For Forex Violations
8.7.2022
The government agency has summoned cryptocurrency exchanges under the the Foreign Exchange Management Act 1999
Report: Nigerian Central Bank Incentive Scheme Failed to Halt Naira Depreciation
7.7.2022
The Central Bank of Nigeria (CBN)’s attempt to incentivize the country’s forex market through the so-called “Naira for Dollar” scheme has failed. This is evidenced by the local currency’s plunge of more than 25% since the launch of the incentive scheme in March...
Aussie Dollar Holds Up after a Positive Jobs Data
19.5.2022
The employment data was released on the 19th of May in Australia. The effects of this data have so far been on the side of the AUD as it reportedly holds to a steady trajectory. However, experts remain still skeptical about the currency’s ability to rally against the USD in the long term....
Dollar Slides After Two-Decade High as Focus Shifts to Growth
18.5.2022
The United States dollar seemed to keep to the downside for the third consecutive day on Tuesday. Investors cashed out and cut their bets on the US interest rate hike to push for further gains. The American dollar fell from the two-decade high of 105.010 and settled for 104.169 in the dollar index....
Plus500 Board Anticipates Higher FY22 Revenue Than Expectations
17.5.2022
Plus500 is expecting to beat the market expectations after its Board announced an estimated revenue of $628.4 million for FY22. Additionally, Plus500 is expecting to register its Earning Before Interest, Taxes, Depreciation, and Amortization at $290.5 million. Figures estimated by the Board...
Dollar Gains Near Two-Decade High on Monday
16.5.2022
The US Dollar has gained a stronger momentum at the beginning of the week against its peers to near the 20-year high mark. The currency was last seen trading at 104.54 in the index, having crossed 105 for a moment at the end of the previous week. Investors sought safety amid rising concerns about...
Banxso: Best Online Trading Platform for Avid Trader
13.5.2022
Banxso is an award-winning online trading platform licensed by the South African Financial Sector Conduct Authority, also known as FSCA. It provides every trader with an opportunity as there is no capital and experience constraint at Banxso. Banxso Helps Traders to Make a Heterogeneous Portfolio ...
IS Prime Fails To Strike Out Counterclaims of ThinkMarkets
13.5.2022
IS Prime’s attempts to get the counterclaims presented by ThinkMarkets have been rejected by the British Court. According to the documents made available to the press, a vast majority of the counterclaims will not be struck out to further look into for the final judgment. The legal battle...
Dollar Near Two Decade High as CPI Maintains U.S. Rate Hikes
12.5.2022
The greenback has moved aggressively in the market, soaring close to its highest level since 2002. The mitigating CPI rates from April gave this much-needed push. With favoring numbers from the reports, the Federal Reserve decides on aggressive policy changes to keep the momentum. While the market...
Pepperstone Signs a Five-Year Naming Deal with ATP Tour
9.5.2022
The popular trading broker Pepperstone secures the naming rights from the ATP Tour. The deal with the professional tennis association will bring exposure to this online trading platform. Furthermore, the PepperStone team believes that the partnership also has some symbolic value, given the similar...
Tron DAO Reserve Purchases $38 Million in TRX to Safeguard the Stablecoin USDD
8.5.2022
On May 5, Tron’s algorithmic stablecoin USDD went live and so far, the fiat-pegged token has been listed on a number of decentralized finance (defi) protocols. Two days later, the Tron DAO Reserve announced it purchased 504.6 million tron (TRX) to back the algorithmic stablecoin, as...
CMC Markets Plans a Technology Hub In Manchester
6.5.2022
CMC Markets plans to open a technology hub in Manchester to decentralize its operations from London. For this purpose, CMC Markets has already invested over GBP 100 million in the firm’s platforms and systems. Opening a new technology hub is a part of the firm’s high growth strategy....
AUD/USD Faces Technical Level with Trade Data Due Today
5.5.2022
The Australian Dollar races ahead against its peers, including the US Dollar, as MACD has made a bullish move further to rally the couple to its 100-day Simple Moving Average. Chair Jeremy Powell reportedly tempered the talks to hike the rate by 75-basis points, sparking a response of higher risk...