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OPEC+ Decision Causes the Highest Surge in Oil in Seven Years
6.10.2021
This week’s big news from the oil industry is the rise in oil prices caused by OPEC+’s increased output. On Monday, the cartel and supporters discussed the current status of its production quantities in a virtual meeting. It was decided unanimously that production would keep increasing...
Dollar Dips Below One-Year High After Payrolls Test Increase
5.10.2021
Tuesday witnessed the US dollar falling below its one-year high against major peers. The primary reason behind the dip is traders keenly waiting for the US payrolls data. The information is key to assessing Fed’s tapering decision and interest rate hikes. Contrarily, the AUD maintained...
Gold Spikes on US Debt Fears — Finance Portal Disowns End-of-Year Gold Price Prediction
4.10.2021
While the price of bitcoin has surged during the first few days of October, the price of the precious metal gold has also increased percentage-wise as the U.S. dollar and the country’s 10-year Treasury yields slid in value this past week. An ounce of fine gold exchanged hands this weekend...
AUD/USD, China, Australian Dollar, Risk Trends: Talking Points
4.10.2021
With Asia-Pacific sectors set for a peaceful session, investors tidy up for a hectic one. The Chinese markets are set to close the equity and bond operations amid a week-long holiday. Meanwhile, AUD/USD aims to continue its late-week rebound after setting a new low. Another surprising news came...
Dollar Strength Remains High as Traders Wait for Tapering
29.9.2021
On Wednesday, the dollar was trading at its highest levels, driven higher by the U.S. rates and aided by market concerns about the Federal Reserve would begin to remove the support as global economic headwinds mount. The Japanese yen is a currency that is sensitive to the U.S. yields because higher...
Yen Weakens to 111 Per US Dollar
28.9.2021
The value of the US Dollar recorded its highest in over five weeks, while the value of the Japanese yen plummeted against both Euro and the Dollar, according to reports of forex brokers. The yields of the US Treasury spiked over the past week when the Federal Reserve declared it would decrease...
AUD Forecast: AUD/USD May Swing After Chinese Industrial Profits
27.9.2021
The Australian dollar might make a comeback against the USD this week. Australian forex brokers are keeping a close eye on Chinese industrial profits to assess AUD’s movements. The profits will be broadcast at 1:30 GMT, deciding AUD’s short-term future. The industrial sector has witnessed gradual...
FTSE100 Lags as European Stock Rises
24.9.2021
The European stock market surged for three consecutive days, making it a positive day for traders and investors of Europe amid the slowed-down economy of the nation, according to CMC markets updates . However, despite the inclination in the European stock market, the value of FTSE100 has dropped...
Bank of Russia Lists Crypto Companies Among Financial Pyramids
24.9.2021
The Central Bank of Russia has recently expanded its database of financial market players suspected of illicit activities. Several crypto companies have been added to the list along with entities bearing signs of Ponzi schemes, as well as illegal credit organizations and forex dealers. Central Bank...
Bank Forex Deposits Rise by SH2.6 Billion in July
23.9.2021
The Kenyans’ foreign money deposits in the local banks fell by about Sh2.6 billion in the month of July. This indicates an increase in consumption by the importers, who increased holdings belonging to them in June. According to Kenya National Bureau of Statistics (KNBS) statistics, value...
US Dollar Uptrend Back to Focus, While EUR/USD to Support Zone
20.9.2021
This week, the US Dollar made a return, further extending gains versus the Euro. After ignoring the 1.1909 – 1.1887 resistance zone, the EUR/USD formed a Shooting Star by August. The pair is preparing to revisit the crucial 1.1704 – 1.1664 support zone after wiping out the 23.6 percent...
ANZ Shifts Share Investing Clientele to CMC
17.9.2021
ANZ, the Australia and New Zealand Banking Group, is making a big change. It is spending nearly AUD $ 25 million to shift its share investing clients to the CMC market. The move will entail shifting the accounts of nearly 500,000 clients. The total investment portfolio of these clients is nearly...
Nigerian Currency Plunges to New Low of 570 — 10% of Value Lost in Under 30 Days
17.9.2021
The Nigerian currency, the naira, plunged to a new all-time low of N570 for every dollar on September 16, 2021. This new exchange rate means since August 17, the naira has now lost about a tenth of its value on the foreign currency black market. Naira Overvalued In spite of this plunge, which...
Kiwi Improves, Dollar Sluggish As Traders Bide Time Before Fed Meeting
16.9.2021
Traders have been looking forward to the coming week’s Federal Reserve Policy meeting. The Dollar has been lagging compared to the other peer currencies of different economies. The Kiwi surged by 0.23% by briefly reaching 0.47%. The New Zealand Dollar was able to jump because the economy grew...
A Contemporary Re-Vamped Forex System Launched by IQ Option
15.9.2021
IQ Option derivatives broker IQ Option is a CySEC regulated derivatives broker spanning 176 US and European stocks, 120 foreign exchange instruments, four hard and soft commodities,13 cryptocurrencies, and 23 EFTs. It is equipped with a range of CFDs and options, binary as well as digital. Other...
Bank of Russia Recommends Banks to Block Cards, Wallets Used to Transact With Crypto Exchangers
14.9.2021
The central bank of Russia has advised commercial banks on how to identify and block cards and wallet accounts used by shady businesses. Along with illegal forex dealers and financial pyramids, the regulator has also listed crypto exchangers as suspicious entities. New AML Recommendations by Bank...
Interactive Brokers Launches Crypto Trading
14.9.2021
Interactive Brokers Group said on Monday that it has added low-cost Bitcoin trading on its platform, listing them in the latest online retail brokerage. The US clients of the brokerage firm will get to trade and keep Bitcoin, ETH, and BTH in addition to stocks, futures, mutual funds, and exchange...
Find Out the Best Trading Hours on Forex From Traders Union
13.9.2021
Traders Union is an important portal for information about the Forex trading market. The portal has now shared some ideas about the best trading hours on the market when traders can expect to maximize their profit margins. Conventionally, traders believe that high volatility periods are the best...
Russian Central Bank Tells Domestic Banks to Block Crypto Exchange Transactions
13.9.2021
gal business activities” such as “cryptocurrency exchanges,” which it clumped together in the same group as “online casinos and lotteries,” “financial pyramid schemes” and forex dealers.The central bank said it wanted domestic financial institutions to “block transactions” and “completely sto
Dollar Ready for First Positive Week in Three With Fed Stimulus
10.9.2021
The dollar has been struggling for some time, but the currency is set for its first winning week after three. After rebounding from a payrolls-triggered sell-off, the currency found a positive outlook. Investors are speculating on the Fed’s next move. All eyes are on the Federal Reserve as...