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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...
Luna Foundation Guard Launches to Support UST Peg as Stablecoin Blows Past $11B Market Cap
24.1.2022
The Luna Foundation Guard, a new decentralized organization developed to support the Luna ecosystem, has been launched last week in Singapore. The institution will offer funding in the form of grants to support initiatives built on top of the Luna network. One of its biggest functions will be...
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...
Saxo Sees Dip In December FX Demand, Equities Soar 49%
7.1.2022
The trading numbers for Equities and Foreign Exchange are out. Saxo Bank has published them, enabling everyone to access data at their convenience. It does not look good for Foreign Exchange. A downward trend is worrisome. One can deal with the monthly downfall, but a Year-on-Year fall creates...
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...
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...