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RBA’s December meeting: What it might do to help the AUD go up against the USD?
18.12.2023
The Reserve Bank of Australia will release its meeting minutes on Tuesday. It holds the potential to impact the AUD/USD pair positively. It was last seen dancing around 0.6700, the highest since July this year, indicating a potential AUD/USD rebound. One crucial factor supporting the pair is...
Rupee’s rise slows: Fed cautious on cutting rates
18.12.2023
The Indian Rupee was at ₹83.55 on November 22, 2023. It has now climbed to ₹83.02. While the strength is less than what it should be, it still signals that the currency could be getting stronger, potentially gaining more traction in the days to come. However, experts are hesitant about writing...
Dollar struggles after US Data release; Eyes on PMIs for market moves
15.12.2023
The Federal Reserve may not hike rates; however, the US Dollar could potentially continue to struggle in deep waters. Most of this anticipation stems from the fact that countries are agreeing to trade among themselves without involving American native currency. That creates a disbalance between...
GBP/USD forex signal: Bullish flag points to a breakout
14.12.2023
The Bank of England and the Federal Reserve have a lot riding on them if GBP/USD has to attain bullish momentum. At the core lies the decision to keep rates either unchanged or bring them down. Anticipation is that the US CPI, Consumer Price Index, and unemployment data by the UK Government will...
CMC Markets introduces cash equities trading
14.12.2023
The recent expansion of CMC Markets entails the global provider adding to its offerings list. The product on the line is cash-equities trading. Plans are underway to include UK Cash Equities in the initial phase. Moving forward, CMC Markets, via CMC Connect, will include more equities and assets...
Dollar Dips: Investors anticipate pivotal Fed update soon
13.12.2023
The US Dollar has dipped and was last seen at 103.8500 against peer currencies. A red mark against the US Dollar Index does overshadow the year-to-date percentage change, which stands at 0.348%. Nevertheless, the US Dollar was earlier seen slipping, yet investors are optimistic that the Federal...
FBS Summit: Record growth, exciting new features unveiled
13.12.2023
FBS is a global broker that has ensured that its clients can grow their wealth at a decently managed risk. The brokerage venture recently hosted an annual conference, FBS Summit, wherein it shared insights about new features and growth achieved so far in the journey. The annual conference by...
IQ Option’s Quadcode is now licensed for trading in the Bahamas
12.12.2023
Quadcode by IQ Options has acquired a trading license in the Bahamas, expanding its regional horizons in addition to Australia and Europe. Founded in 2021, the brokerage firm can now expand its services to a new region. A representative from the company has said that they are thrilled to have...
OctaFX legality in India: ED crackdown on forex trading
12.12.2023
OctaFX is a trading platform that enables customers to engage in forex transactions. The official website demonstrates success by highlighting that it grants access to a wide range of assets, currencies, and shares, among other products. It further boosts the offering of low spreads and...
US Dollar movement anticipates Fed’s response to inflation
11.12.2023
The Federal Reserve has hiked rates since January 2022. However, this could be the first instance when there will not be any increase in the rate. Instead, experts speculate that the rate could either be kept stagnant or brought down. All the key decisions are due this week, starting with the...
FXView at the forefront: Innovating South African Financial Markets
8.12.2023
The South African Reserve Bank, also known as SARB, largely regulates South Africa’s financial markets. That is an acronym for the South African Reserve Bank. SARB issues banking licenses supervises the segment, and implements rules when needed. Having said that, it is important to understand...
Fxgt.com Offers Competitive, Trader-centric Spreads
8.12.2023
FXGT.com is a platform that enables traders, irrespective of their experience, to participate in a revolutionary experience. The mission is to guide traders with competence and peace of mind. It does so by enabling competitive and trader-centric spreads. FXGT.com offers trading on a variety...
Crude oil’s decline causes Canadian Dollar’s winning streak to snap
5.12.2023
Crude Oil prices are down, and the Canadian Dollar – CAD – is taking a huge blow on its face. The WTI Crude Oil has slipped below $74 per barrel. While Canada experienced a bump in Housing Starts in October, the market sentiments are down with the US Initial Jobless Claims....
PCE inflation report sparks Dollar decline: US currency nears 3-month low
5.12.2023
PCE, an acronym for Personal Consumption Expenditure, is ideal for the Federal Reserve to measure inflation. It helps them track how US citizens spend money on goods and services. A stronger PCE report reflects positively on the USD, and a weaker report means that the US Dollar is not necessarily...
Bangladesh’s savings update: Forex reserves fall to $15.82 billion
5.12.2023
Bangladesh foreign exchange reserves 2023 have been declining with net reserves currently at $15.82. Bangladesh forex reserves were at $48 billion in August 2021, recording the highest foreign exchange or simply forex is the act of trading currencies. Forex traders speculate on the price movements...
FP Markets hits hat-trick for second time at Global Forex Awards
5.12.2023
With victories in three major categories—”Best Value Broker – Global,” “Best Broker – Europe,” and “Best Partners Programme – Asia”—FP Markets has pulled off an incredible hat-trick at the 2023 Global Forex Awards. FP Markets is a renowned broker of Forex...
How to utilize RBA minutes for forex trading in 2023
5.12.2023
A country’s economic health is the basic foundation on which a civilized society is developed. It involves a complex architecture supported by consumption, employment, and production pillars. Like any living organism, the economy circulates the financial lifeline of a society through...
Samsung at 1st: Forex.com’s top 10 most innovative companies
5.12.2023
Samsung, an award-winning global forex broker, was recently announced as the world’s most innovative company by India Forbes Magazine after it registered the highest patent number. Forex.com has published a report to grade companies based on the number of registered patents they have secured...
Retail broker Saxo Bank profitability rose in 2023
5.12.2023
Saxo Bank Group, Saxo Hong Kong’s parent company, recently released its financial results for H1 2023, projecting a spectacular performance amidst an otherwise challenging market scenario. Saxo Bank Group reported a profitability increase of $75 million, marking a considerable increase of around...
South African Govt. enforces fresh taxes on online forex brokers: National Treasury updates
5.12.2023
The government has decided to levy a fresh tax on online forex brokers. The aim is to align the initiative of increasing revenue for the public good. New forex tax rules outline that platforms providing forex services to their customers will have to shed a few more dollars on their gross revenue....