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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...
US Dollar Revives Profitable PPI Valuations On The Forex Market
16.8.2021
The US Dollar has locked in profitable revenue credits within one night. The US dollar had an inadequate revision and a drop in valuation the day before. The profitable rise is an unexpected revival. The PPI values recorded a potent business exchange taper. The leveraged listings were sufficient...
XTB Africa Granted License To Work In South Africa
13.8.2021
On August 10th, 2021, XTB Africa Pty Ltd declared that they had been approved for a license from the FSCA, i.e., the Financial Sector Conduct Authority, to begin operations in South Africa. XTB executives claim that this license is part of their growth strategy of global expansion. XTB is...
eToro Resolves Issues Related to Charts
12.8.2021
eToro has experienced immense growth in 2021, but it recently faced issues with its charts. The company has now fixed the technical issues clients were facing with the charts. The online trading company quickly confirmed that some of its instruments were rendering imprecise data to clients. eToro...
Covid-19 Restrictions and Forex Shortages Hit PriceSmart Sales
11.8.2021
Currency shortages induced by Covid-19 restrictions saw PriceSmart deciding on reducing the imports. One that led to a significant slowdown in the sales of net merchandise across Trinidad and Tobago. This is for the period ending 31st of May 2021 and constitutes the third quarter for 2021. Sherry...
NinjaTrader Introduces FCM to Assist Retail Futures Traders
10.8.2021
NinjaTrader Group, LLC, a global leader of trading software and brokerage services, has announced the release of NinjaTrader Clearing, LLC, a non-clearing Futures Commission Merchant which would provide ingenious Fintech services and an advanced customer experience to self-directed traders seeking...
eToro Called the ‘European Robinhood’
6.8.2021
eToro is in the talks to merge with a US SPAC called Fintech Acquisition Corp. The deal has not yet been signed, but this SPAC has seen its share prices go up the last few months as it is the parent company of trading app Robinhood that completed its IPO recently. This boost in Fintech …