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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 …
Zimbabwe to Clear Forex Backlog in 45 Days
5.8.2021
On Wednesday, a top Treasury official announced that Zimbabwe would settle pending allocations of Forex owing from auctions by the central bank within 45 days, with merchants and companies anticipating a $200 million shortfall. Last year, the bank began holding foreign currency every week to boost...
Ultimate Fintech 2021: XM Wins Best Trading Experience Award
4.8.2021
XM is showcasing its market worth with back-to-back awards at prestigious events. The company recently won the Best Trading Experience award at the Ultimate Fintech 2021 ceremony. The award came shortly after XM scored the Best Retail Forex Broker award at Global Forex Awards. The year has served...
Saxo Bank Grabs Two Major Awards at e-FX Awards
3.8.2021
Saxo Bank grabs two awards: “Best Retail FX Platform” and “Best Prime of Prime Broker” at the prestigious e-FX Awards by FX Markets for the second consecutive year. Saxo, a two-time award winner, has consistently been recognized in mentioned categories, winning e-FX awards...
Nigerian Central Bank Stops Forex Sales to Bureaus de Change — Operators Accused of Feeding Black Market
28.7.2021
The Central Bank of Nigeria (CBN) recently announced the abrupt end to sales and outsourcing of foreign exchange to Bureau de Change (BDC) operators after accusing them of failing to stick to their core mandate. Instead of providing forex to retail users, BDCs are believed to be supplying...
Indian regulator probes crypto exchange for alleged forex law violations
19.7.2021
The Directorate of Enforcement issued a show-cause notice to the crypto exchange for allowing clients to transfer cryptocurrencies without following the law of the land
Forex Shortages Force Nigerian Corporates to Turn to Parallel Market
13.7.2021
Nigeria’s ongoing shortage of foreign exchange is forcing corporates and businesses to source this resource on the parallel market, a former official with the Lagos Chamber of Commerce and Industry (LCCI) has said. According to Muda Yusuf, who is the previous director-general at LCCI, these...