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India’s Forex Reserves hit $595B, exceeding 11-week peak!
30.11.2023
Foreign exchange India has broken the record once again with its significant achievement of exceeding an 11-week peak, settling forex reserves at $595 billion. In this article, we will discuss the economy’s record-breaking achievement and its economic implications, the future Outlook of...
Forex Brokers Gear Up for New Challenges as Crude Oil Prices Experience Sharp Decline
30.11.2023
There are notable changes in the global energy landscape, with a dramatic decline in crude oil. Unusually, this downturn has attracted OPEC and big players in the oil market, which has caused oil prices to fall much lower than expected. The change in the energy market and its effects on forex...
Positive CPI news for Canadians: No need to wait for inflation to go back to 2%
30.11.2023
After a constant economic struggle, the Canadian economy is finally getting a breather. The Bank of Canada recently stated that its annual inflation rate eased to 3.1% in October. At the same time, its core inflation dipped to the lowest margins in two years. Experts had previously estimated...
Despite financial assistance, Pakistan faces declining forex reserves amidst external debt repayments
29.11.2023
During the initial months of 2023, Pakistan seemed to be heading towards a catastrophic point, with the IMF loan program in 2019 going off track after the fund realized the commitment of Islamabad to reform was lacking, which led to the suspension of loan disbursements. Pakistan has imposed strict...
RBI adds 19 unauthorized forex trading platforms to alert list
28.11.2023
Last week, the Reserve Bank of India updated the alert list of unauthorized forex trading platforms and added 19 new entities, including BlackBull, Admiral Market, Easy Markets, Enclave FX, Finowiz Fintech, FX SmartBull, Fx Tray Market, Forex4you, Growing Capital Services, HF Markets, HYCM Capital...
Using MT5 and Cent accounts to improve Forex profits
24.11.2023
Forex trading is an activity that asks the investor to estimate the strength of one currency against another. Investors generate forex profits by valuing their investments more strongly based on the investment volume. Some major currencies include the Japanese Yen, the Australian Dollar, and...
FXGT.com vs. ADSS: which is better for the trader?
8.11.2023
FXGT.com and ADSS are well-known trading platforms with their own features, similarities, and differences. FXGT.com has a wide variety of trading products, such as forex, cryptocurrencies, metals, energy, stocks, equity indexes, NFTs, and DeFi tokens. ADSS is considered the ultimate destination...
RBA’s statement on interest rates sends mixed signals to traders
27.10.2023
Michele Bullock, the Governor of the RBA, recently talked about inflation in an interview. The executive stated that inflation in Australia is expected to rise. However, it is too early to decide how it will affect the impact on interest rate settings. This was Bullock’s first appearance before...
Streak Scanner is now available for free to all Zerodha users
4.10.2023
Streak Scanner recently announced that its services will be completely free for every Zerodha customer. It will allow users to find, create, and run scanners throughout different market segments. The announcement was shared on the official X/Twitter account of Zerodha. Moreover, Streak Scanner also...
What to look for before choosing a trusted FX broker?
11.9.2023
While trading foreign currencies, users come across thousands of brokers dealing with foreign exchange willing to win companies and businesses. By associating with a forex broker, traders often achieve multiple benefits. However, the real challenge arises when determining which broker is the most...
Navigating the Forex market during times of crisis
12.7.2023
Trends and trading strategies are what the Forex market is buzzing about, and understanding the challenges and opportunities of trading Forex during times of crisis is advantageous. When a crisis strikes the volatile market, many traders and investors make friends with time and patience. Despite...
Exness publishes its report for June 2023
10.7.2023
Exness, an online broker for metals, stocks, & cryptocurrencies, among other things, has published its report for June 2023. The trading volume of CFDs has dipped but managed to remain above the $3 trillion mark. Specifically speaking, the number stands at $3.31 trillion in comparison to $3.35...
Interactive Brokers Group shares Brokerage Metrics for June 2023
4.7.2023
Interactive Brokers Group recently released the Electronic Brokerage performance for June 2023. The automated global electronic broker shared the report on its official website. The brokerage highlighted several crucial metrics, such as: Approximately 2 million DARTs (Daily Average Revenue...
Signal Centre is now exclusively available on the ThinkTrader web
28.6.2023
ThinkTrader has recently expanded its suite of accessible tools with Signal Centre. The platform announced that Signal Centre will now be exclusively available on ThinkTrader. ThinkMarkets Standard account holders can directly access Signal Centre on ThinkTrader. The proprietary trading platform...
HYCM financial reports show low profit despite a 14% revenue boost
22.6.2023
HYCM recently released its financial report for 2022. According to the report, the company witnessed a 14% rise in its yearly revenue. The company generated 1.88 million pounds in 2022 compared to 1.65 million pounds in 2021. Similarly, the UK-based broker accrued over 697,000 pounds in operating...
Interactive Brokers expands its European Exchanges offerings
14.6.2023
Interactive Brokers has announced expanding its offering of European exchanges. It now enables Nasdaq Copenhagen and Prague Stock Exchange, allowing traders to diversify their investment opportunities. With this, the automated global electronic broker has enhanced the services in all its operating...
ZuluTrade to exhibit upgraded affiliate program at SiGMA Americas
13.6.2023
ZuluTrade has confirmed that it will be participating in SiGMA Americas in Sao Paulo to demonstrate its upgraded affiliate marketing program. The social trading platform will be in Brazil from June 15, 2023, to June 17, 2023. One can access their team at Stand Number C150 at the Transamerica Expo...
Exness releases its May 2023 financial statement
12.6.2023
Exness has published its report for May 2023 to highlight a rise in trading volume. The figure previously stood at $3,000 billion for April 2023. May saw a jump to $3,355 billion. This refers to the volume of CFDs traded on the platform. A lot of credit can be seen waving to 515,099 active clients....
CMC Markets invests in StrikeX Technologies
12.6.2023
StrikeX Technologies has announced a partnership with CMC Markets. This comes to light after CMC Markets proceeds with its investment and strategic investment in the venture. Reportedly, CMC Markets has acquired a 33% stake and onboarded two executives to the side of their partners. While the stake...
Saxo Bank releases its figures for May 2023
8.6.2023
Forex volume was at its lowest in March 2023. Now there is a jump, per the report for May 2023. The figure stands at $130.5 billion at a recovery rate of 27%. Monthly volume was at a daily average of $5.7 billion, for a 12% gain. As impressive as it sounds, there is still some …