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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...
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....