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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....
Australian Dollar Stayed Low Despite Concern Over Omicron
1.12.2021
On Wednesday, Yen stayed firm in the volatile market condition. At the same time, the risk-sensitive Australian dollar fell to a one-year low as Federal Reserve Chair Jerome Powell signaled a speedier reduction of stimulus despite the dangers associated with the Omicron COVID-19 variation....
Dollar Falls Down, One Week Low, as Omicron Fear Eases
30.11.2021
Earlier on Tuesday, the rate of the Dollar was down in Asia, one week lower than the previous week due to the significant concerns of Covid-19’s new variant Omicron. The concern was also about the economy of the US and the delayed Federal Reserve hike in the interest rate of the US. The World...
AUD Threatens Key Level as APAC Traders Await Omicron News
29.11.2021
The week started rough for the AUD as the US cuts off travel with South Africa. The safe-haven currency made the decision amid the threat of a new pandemic variant, Omicron. The announcement affected the market significantly, hurting the portfolio of numerous Australian forex brokers. The new virus...
During Black Week, SimpleFX is Giving $1000 in Bitcoin Just For Trading
23.11.2021
The buying spree has begun. Black Week is when the best deals are available. It frequently results in increased market volatility because everyone is purchasing due to outstanding market prospects. You should buy $1,000 in Bitcoin via the SimpleFX trading app if you want an excellent deal....
FP Markets Tops Australia FX Broker List in 2021
19.11.2021
FP Markets has put out a statement claiming that they have been chosen as the Best FX Broker of Australia for 2021, making them the back-to-back winners of the title in 2020 and 2021. The list is created by FxScouts along with FxAustralia and TradeForexSA. The CFD market has had a difficult year...
CMC Markets Is Looking Into Division
17.11.2021
CMC Market is in the process of debating whether they want to split into two parts. There will be a leveraged division that will focus on spreading the business, and another non-leveraged unit will focus on investments and technology. CMC plans to have only one segment named CMC, and the other...
French AMF Charges XTB for €300K
15.11.2021
The French Sanctions Commission, AMF (Autorité des Marchés Financiers) recently imposed a 300,000 euros fine on XTB. The financial regulator has accused X-Trade Brokers of breaching its professional duties in the region. The Poland-based broker operates in France with a Polish license. However,...
OANDA Enters Partnership with CONVRS to Innovate Account Opening Process
12.11.2021
OANDA recently announced a partnership with CONVRS to revolutionize the account opening process. Known for its multi-asset trading services and currency analytics, OANDA’s association with the customer engagement giant is noteworthy. The ventures have joined hands to formulate a better client...
Dollar Nears One-Month Low Against Yen Before Inflation Test; Kiwi, Aussie Slip
11.11.2021
The US dollar continues its downward spiral, almost reaching its one-month low against Yen. Moreover, as investors await the US inflation data, the currency traded weak against most major peers. With the uncertainty in the market regarding the Fed’s interest rates stance, the currency...
eToro Becomes Lechia Gdansk Sponsor with New Partnership
8.11.2021
eToro, the well-known retail trading service provider, recently announced a partnership with Lechia Gdansk. The deal results in eToro becoming the official Gdansk sponsor. The parties have not announced the tenure or financial specifics of the deal. However, it is stated to be for the long-term....
FTSE100 Continues to Grow While Darktrace Takes Another Hit
2.11.2021
The week started on a positive note for the European market, maintaining the outlook achieved by the US and Asian markets on Friday. The market showcases an optimistic mood with FTSE100 set to reach its 20-month high Another reason behind the growth is BT Group Shares’ announcement of 1 billion...
FOREX-Dollar Holding Firm; Yen Dips Further on LDP Victory
1.11.2021
On Monday, the dollar witnessed good trading with a 2 1/2 -week high due to boosted inflation in the US and earlier interest rate hike by the Federal Reserve. The Japanese Yen, which is a safe haven, dropped, approaching a one-and-a-half-week high, as the governing party’s strong performance...
FXCM Investor Lawsuit to Face More Delay
29.10.2021
FXCM Inc, now called Global Brokerage Inc, is facing further delay in the lawsuit brought by investors. The plaintiffs have asked for extra preparation time to articulate responses for the summary judgment provided by the defendants. It all started in February 2017 when FXCM completed settlements...
Australian Dollar Rises While Energy Prices Keep Soaring
27.10.2021
The AUD witnessed a slight surge after the Australian CPI numbers were released recently. Q3 headline inflation arrived with 0.8% q/q versus the forecast of 0.8%. Meanwhile, the annual headline rate reached 3.0% in y/y against the expected 3.1%. The former reached 0.7% q/q instead of 0.5% with...
IMF Partly Blames Uncertainty in Nigeria’s Forex Market for Drop in Remittances
26.10.2021
The uncertainty that prevails in Nigeria’s foreign exchange market is partly to blame for the plunge in cross-border remittances into the country, an official with the International Monetary Fund (IMF) has said. Covid-19 Another Contributing Factor According to a report by local news outlet...
Dollar Stabilizes While Traders Await Central Banks Guidance
26.10.2021
Tuesday witnessed the US Dollar regaining the 1.67% it lost recently. Investors are on edge with central bank meetings, and data releases indicate new information on the rates. Meanwhile, the Euro dipped 0.3% as experts forecast the ECB’s dovish tendencies in the next meeting. As a result,...
Alleged South African Bitcoin Fraudster Makes First Court Appearance Since Arrest
26.10.2021
Sandile Shezi, the South African bitcoin trader accused of defrauding investors, recently made his first court appearance before a Johannesburg magistrate. Shezi out on Bail The bitcoin trader’s court appearance came just days after he honored his pledge to surrender himself to the police....