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Biggest future BTC whale explains why Bitcoin was chosen for 'decentralized Forex reserve'
5.4.2022
Terra co-founder Do Kwon reveals that the firm will be buying Bitcoin "in perpetuity" to back new mints of its UST stablecoin
AUD Expected to Stay Bullish with Expectations of RBA Hikes
4.4.2022
The Australian dollar has held on to a steady momentum in the last few weeks. It was triggered by the increasing commodity prices following the International crisis in Eastern Europe. Although the Reserve Bank of Australia is expected to keep the rates at 0.1% for the first half of the year...
RBA’s Decision on Hikes Will Influence the Australian Dollar
1.4.2022
The Australian economy is stronger than before, but the Australian Dollar is testing tides against the national resistance level. Fundamentals have held their ground as the Australian Dollar is backed by two factors. A healthy national balance sheet and the elevated commodity prices have, as...
Saxo Bank Ensures Platform Compliance in the Face of FSA Warning
31.3.2022
Saxo Bank, a broker, based in Denmark, put out a statement on Wednesday stating that its platform is completely compliant with European regulatory standards. It also has safeguards in place for transaction reportage. It provides a variety of online trading services to retail and institutional...
Hopes for Russia-Ukraine War De-Escalation Hikes Euro
30.3.2022
Amidst intensifying fears about the Russia-Ukraine war, the news of de-escalation is a clear indication of diplomacy. With this news of peace breakthrough and de-escalation, the price of the Euro hiked as other currencies fought hard to find a floor. The U.S. Dollar Index showed that the currency...
City Index Expands Business in Australia with Corporate Rebranding
29.3.2022
Following a huge sponsorship deal with the National Rugby League Club Sydney Roosters, City index Australia announces further plans to expand its business. The global provider of FX and CFD trade services initiated the expansion plans by moving to a new head office in Australia. The company makes...
AUD/USD Might Pause the Bull Run as APAC Conditions Deteriorate
28.3.2022
The momentum enjoyed by the AUD/USD pair is experiencing some downtime in the market. The commodity currency gained much from the demand created by the ongoing global conflict in the last few weeks. It helped the currency reach new points against the greenback in the market. However, the currency...
USD Slides Down While Japan’s Yen Takes the Hit
25.3.2022
The Japanese Yen took a deep cut in the market on Friday, losing 0.61% against the United States dollar. It is believed that the hiking import costs and a downside in the interest rates have caused the JPY to take this blow. And what’s more, the greenback also took a hit as per the recent...
Asia-Pacific Market Rally Expected to Push the Australian Dollar
23.3.2022
The overnight fluctuations on the Australian dollar seem to put things into perspective for investors. The AUD/USD pair has seen a significant hike that brought the currency to the $0.75 level. The Aussie currency continues the streak following an emerging bullish sentiment for Asian stocks....
Forex.com Expands Business to the Canadian Market
17.3.2022
Forex.com is expanding to the Canadian market in a recent announcement made by the company on March 16. Canadian traders will now be able to access trading tools offered by the platform to be used in 2500 tradable markets. Furthermore, the forex broker also has plans to offer CFD trading...
Euro’s Recovery Might Be a Long Shot Given FOMC Decision
16.3.2022
The ongoing conflict between Ukraine and Russia continues to have an impact on the forex market. Still, the Euro made a considerable movement in the market lately following a meeting of the European leaders with the President of Ukraine. Experts believe that this new development is not good enough...
AUD Plunges Following Commodity Price Drops
15.3.2022
The ongoing Russia-Ukraine conflict has caused a hike in the price of essential commodities like energy and agricultural products. Being one of the largest exporters of energy, Australia had much to profit from this new price action of the commodities. However, things seem to take an unexpected...
US Dollar May Increase Pressure on Emerging Markets
14.3.2022
What’s Happening? The gain of the US Dollar has been against ASEAN currencies. It had gained 0.14% against the Singapore dollar, 2.16% against the Thai baht currency, and 0.71% against the Philippine peso. The Indonesian Rupiah was more resilient, with USD/IDR falling 0.54%. This fall could...
Russian Banks Eye CNY Solution as Central Bank Bars Forex Sales; New Sanctions Approved
9.3.2022
The Russian ruble has been thrown into disarray as the nation attempts to battle economic sanctions by effectively suspending the sale of most foreign currencies – while exploring the notion of allowing citizens to purchase China’s fiat yuan.
In a press release from the Central Bank, the...
A Surge in Energy Prices Raises Dollar Value, Prompting Safe-Haven Flows
8.3.2022
As the United States of America, along with Europe and its allies, plans to ban the import of crude oil from Russia, investors have begun to weigh its impact on the global economy. As it turns out, the US Dollar has gained its value in the global market, whereas Euro has lost its charm. According...
The US Dollar Continues the Rally as Euro Keeps Sliding
7.3.2022
The second week of the ongoing invasion of Ukraine seems to have impacted the forex market for the Euro and other European currencies as well. The US dollar keeps a steady rally against, particularly against Europe and Japan, according to the US Dollar Index. The uncertainty of political alliances...
Dollar Rises as Euro Falls Amidst the Invasion of Ukraine
4.3.2022
The forex market has seen a significant movement on the 3rd of March as the situation in Eastern Europe gets worse. While the United States Dollar holds on to a steadier trajectory, the Euro falls short due to the impacts of recent bombardment in Ukraine. The sudden fall might bring any plans...
CMC Markets Allocates $30 Million to Buy Back Company’s Shares
3.3.2022
CMC Markets, one of the longest-standing financial brokers from London, considers repurchasing the excess shares from the market to boost revenue for the future. According to the announcement on the 2nd of March, the broker expects to launch a buyback program to return shares worth $30 million...
Plus500 Revenue Falls Following the Pandemic Last Year
1.3.2022
The pandemic has not been kind to businesses across the world. Many small-scale startups both in crypto and mainstream industries have gone out of business, and established firms have faced a significant fall in revenue due to the impacts of the coronavirus. Joining this list is Plus500, a forex...
AUD/USD Slips to 0.7150 with Escalation of the Russia-Ukraine Conflict
28.2.2022
The AUD / USD index has shown negative growth by hovering around 0.7180, a 0.72% drop compared to the previous week’s trading. This can result from the market weakness surrounding Russia and Ukraine’s geopolitical instability. Even the Australian strong rally in macroeconomic data could...