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E-Naira Countdown: Nigerian Experts Question Selection of Bitt Inc as Central Bank’s Fintech Partner
10.9.2021
Nigerian fintech entrepreneurs have slammed the Central Bank of Nigeria (CBN)’s decision to select Bitt Inc as its fintech partner. They insist that the choice of Bitt Inc, a Barbados based firm, undermines central bank claims that it is “fighting for the naira in the forex...
Australian Dollar Seems Unfazed After Chinese Inflation
9.9.2021
Post Chinese inflation, the Australian Dollar did not witness any changes against the US Dollar, and factory gate prices for August were released. Chinese economic data significantly influences the Australian dollar due to Australia’s vast amount of commerce with China. Last month...
Exness Reports -10% MoM for August 2021
6.9.2021
Exness is one of the top CFD and retail FX brokers at present, with clients all over the world using its online service platform. Exness has recently announced its client trading volume for August of 2021. In August 2021, the Exness client trading volume was worth $879 Billion. For them, this is...
Australian Dollar Prediction AUD-USD Sees Domestic Data Prints Before NFP
3.9.2021
The Australian dollar, a risk-sensitive currency, is surging after the closing of the Asia-Pacific trading week. Another factor supporting its growth is the data regarding US jobs, showing relief in the number of infected. During the recent Wall Street trading session, traders dropped the...
Forex Report the Australian Dollar Holds Below 0.74
2.9.2021
The financial market is experiencing a mixed session for stocks, commodities, and currencies. Equities are currently in a short corrective dip with chances to make a comeback shortly. On the other hand, Shanghai and Nikkei are facing quick resistance at the current levels. Dow is treading under...
Survey finds 77% of Russian investors prefer Bitcoin to gold and forex
1.9.2021
Russian investors now look at digital financial assets as an investment tool rather than just a “hype product,” AFD head Evgeny Masharov said
Dollar Registers Gain, Though Fed Keeps Investors Guessing
1.9.2021
The dollar’s value registered a slight gain on Wednesday in Asia even as it continued to trade at its lowest within the period of the last three weeks. The investors trod cautiously as numbers related to the US job market coming out on Friday will be important for the US Federal Reserve’s strategy...
Axi Extends Product Offerings by Introducing Share CFDs
31.8.2021
Axi, the Australia-based MT4 trading platform, recently introduced share CFDs to the platform. The move was in an effort to extend its product offerings. Axi, previously called AxiTrader, announced the CFDs in an interview with Finance Magnates. The platform is considering adding the CFDs of...
Annual US Dollar Remittances to Nigeria Surge to $34 Billion but Forex Woes Persist
31.8.2021
According to a report, the value of annual dollar remittances by Nigerians working abroad has surged to $34 billion, a figure that easily surpasses the previous record-high of $25 billion. Still, a large portion of the funds doesn’t seem to be entering domestic forex markets. Target Attained...
Forex Today: Increased Risk on the US Greenback
30.8.2021
Greenbacks or the American dollar has fallen since Friday. The drop in the valuation of the greenback occurred as a result of the US Federal Reserve Chair Jerome Powell’s comments. The US Federal Reserve Chair spoke at the Jackson Hole Symposium in July stating that lawmakers had given the matter...
Aston Villa Has Signed an Agreement With eToro to Become the Club’s Primary Sponsor
27.8.2021
In the latest chain of its development streak, Israel’s top-tier multi-asset brokerage portal eToro has entered into its second strategic collaboration with Aston Villa, one of the most popular Premier League clubs from Birmingham, as the latter’s primary sponsor. With this...
AUD/JPY Is in Focus for the End of Week Risk Events
26.8.2021
The Aussie dollar has remained relatively stable in recent months, rising in comparison to weaker counterparts such as the Japanese yen. AUD/JPY – Australian Dollar/Japanese Yen is highly correlated to the risk appetite, which is used as a risk gauge in the currency market. According to forex...
Understanding Support and Resistance in Forex
26.8.2021
Disclaimer: The text below is an advertorial article that was not written by Cryptonews.com journalists.
Support and resistance are powerful trading pillars, and most methods incorporate some form of support/resistance (S/R) analysis. Support and resistance usually form around critical regions...
Economic Calendar Leaves the EUR in Focus as FED’s Symposium Approaches
25.8.2021
The Kiwi and Aussie Dollar were making quite some noise at the beginning of the day. Altogether, it was a good start for everyone. Alongside, U.K. forex brokers experienced the same. Kiwi Dollar Status Trade data is dedicated to the upbeat retail sales since Tuesday. During July, N.Z. trade...
Admirals Cautions Its Customers of Increased Volatility in CHF
24.8.2021
The broker of Global Retail FX and CFD warned its clients of increased volatility in the trading pairs which include the Swiss Franc currency. According to Forex brokers and Admirals, rising speculation in financial markets regarding anticipated Swiss National Bank measures in the coming weeks...
Trouble in AUD/USD Heighten After PMIs Record a Dip
23.8.2021
The fresh PMI outlook: Monday’s session started with the Australian dollar responding to a new set of economic data. The performance is coming in after a weak performance of the Australian dollar in the previous week. The PMI data that Markit International released on Monday morning shows...
German Football Club RB Leipzig Finds a New Partner in eToro
19.8.2021
This Wednesday, social investment network leader eToro, announced its partnership with the German football club RB Leipzig. The two-year deal will be valid till 2023. The news was disclosed through each party’s Twitter accounts without many details being divulged. The CEO of RB Leipzig...
Nigerian Central Bank Freezes Bank Accounts of Fintech Firms, Accuses Them of Violating Forex Regulations
19.8.2021
The Central Bank of Nigeria (CBN) reportedly frozen bank accounts belonging to four fintech firms for up to 180 days after a Federal High Court in Abuja acceded to an “ex parte motion.” The ex parte motion, which is a form of temporary suspension, was granted after a Nigerian chief...
FINEXPO Finexpo to Introduce Forex Awards 2021
18.8.2021
From A to Z transparent trading popularization: FINEXPO has created the First Trust-deserving Rating of Forex industry stakeholders, such as the brokers, the various companies, and also the individuals. For this reason, it has dawn upon Forex experts that preserving true connections with trading...
London Capital Group Fined By Cypriot Authority
17.8.2021
The forex brokerage firm, London Capital Group (Cyprus) Ltd, is facing tough times. The London-based broker’s Cyprus business received a fine of EUR 40,000 as punishment. In a judgment made public on Friday, the Cyprus Securities and Exchange Commission (CySEC) levied an administrative...