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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...
Net Profit for XTB Rises in the First Quarter Of 2022
27.4.2022
XTB published its financial performance for the first quarter of 2022, where it revealed a gain of 183.7% in its net profit to touch the mark of PLN 252.6 million. Operating income for the firm also surged by 135.6% on a year-to-year basis, and the figure for the same stands at PLN 439.8 million....
Decentralized Forex Is Coming to Terra: Vertex Protocol Raises $8.5M
26.4.2022
Vertex protocol raised $8.5 million to build a decentralized foreign exchange for Terra-based stablecoins. @camlearnscrypto reports
Nasdaq to Terminate Its Services in Russia, Quotes Saxo Bank
26.4.2022
Saxo Bank, established in 1992, has its headquarters established in Denmark. Saxo Bank is an investment bank that facilitates its users to create high-earning investment profiles through online trading. The investment bank enables equal trading opportunities for both short-term and long-term...
USD’s Rally Against AUD and JPY to Continue This Week
25.4.2022
The greenback has been doing well in the market lately against the AUD and JPY. The sudden market shifts caused by hawkish federal rate hikes have helped it carry the momentum on last week. In addition, there was also a significant upsurge in government bonds just as the traders collectively sold...
Australian Dollar Falls Against the US Dollar, with Surge in US Yield
22.4.2022
Forex brokers are institutions or individuals who have been duly authorized to perform transactions related to foreign exchange. In the case of Australia, forex brokers must be authorized by the Australian Securities and Investment Commission, also known as ASIC. The Australian Dollar has emerged...
Ukraine bans Bitcoin purchases with local currency amid martial law
22.4.2022
Ukrainians are now allowed to buy Bitcoin only with foreign currency with a monthly cap of $3,300
US Dollar Holds Ground Against JPY and CHN While Wall Street Rises
20.4.2022
The global market changes have put the greenback on the right track in the forex market. The USD has outrun several currencies from the Asia-Pacific in the last 24 hours alone. Specifically, the currency’s run against the JPY has been so phenomenal that it is expected to reach the 2002 peak...
RBA to Release Meeting Minutes to Counter the Strength of the US Dollar
19.4.2022
Forex, short for Foreign Exchange, is when one currency is exchanged for another. The rate for a currency depends on its supply and demand, affecting how much a person pays to secure the other currency. People can exchange their respective currencies for trade, commerce, or tourism. The market...
As Europe Seeks Alternatives, the Australian Dollar May Rise
18.4.2022
The Australian Dollar is the fifth most traded foreign currency on the exchange board. Reasons could be trade, commerce, or tourism, and the Australian Dollar was the Australian Pound from 1910 to 1966. The Reserve Bank of Australia looks after the regulation of the Australian Dollar, offering...
Plus500 Launches A New Share Buyback Program
14.4.2022
Plus500 was founded in 2008 with headquarters in Israel. It is a brokerage firm that offers products like ETF, Crypto, Forex, CFD, Shares, Commodities, Indices, and Options. Plus500 is spread across Cyprus, the United Kingdom, Singapore, Australia, and Bulgaria. The operations of Plus500...
US Dollar Returns to Positive Road as Feds Give Assurance
13.4.2022
The USD seems to be getting healthy from the impacts of the ongoing war in Ukraine. The greenback got back in line after a slight setback as per the reports. The US inflation, which was expected to bring the currency down, ended up softer. The Feds are confident that the currency will continue this...
Trading Volume for Capital.com Jumps In the First Quarter of 2022
12.4.2022
Capital.com has its headquarters in Cyprus. It was founded in 2016 and has now gone on to become a globally known brokerage firm. Capital.com undertakes activities related to Foreign Exchange and Contracts for Difference trading. The brokerage firm has its presence in Cyprus, Melbourne, Gibraltar...