Search
Admiral Markets impersonated: FCA issues new fraud warning
5.1.2024
The fact that someone has impersonated Admiral Markets is alarming. This is for more than a single reason; however, the most recent one comes to light on a serious note since this is the 5th time that malicious actors have caused harm to the brand and its investors. The UK FCA has stepped in...
Exness marks 15 years in the financial markets
4.1.2024
Exness, a multi-asset broker, recently completed 15 years in the financial markets. The celebrations were done in Cyprus by bringing together a group of partners, employees, and privileged clients. The company is known to offer a wide range of instruments, including, but not limited to, Forex...
Interactive Brokers sees an increase in DARTs for December 2023
3.1.2024
Interactive Brokers, a global electronic broker that is listed on Nasdaq as IBKR, has published its numbers for December 2023. DARTs are pretty impressive, and so are other metrics. This includes the number of client accounts. Also, Interactive Brokers has appointed Rich Repetto to its Board...
FINRA Action: Interactive Brokers hit with $3.5M fine for price violations
29.12.2023
FINRA, an acronym for Financial Industry Regulatory Authority, works for investors and firms, enabling them to participate in trading practices safely. In order to regulate member brokerage firms and exchange markets, FINRA has the support of technology and expertise. Interactive Brokers is...
Global forex market dynamics: Red Sea crisis, holidays, and economic shifts
27.12.2023
The global forex market is driven by two simple components: demand and supply. Except, these fundamental principles spread across not just goods and services but also the prevailing conditions in a country. One of the crucial aspects is the holiday season, a time when the global forex market takes...
Euro faces tough 2024 predictions, Yen rises
27.12.2023
As 2024 unravels, the currency market is witnessing a sea change, with Japan’s Yen fattening up and Europe’s euro in trouble. The origin of this development goes back to 2023 when these fateful events and economic decisions reshaped the global currency scene. The Yen appears prepared...
Euro Peaks, Dollar Drops: Holiday Trade Sees Shifts
27.12.2023
The holiday season is ongoing, and most of the market is closed. This includes the forex market as well, which would likely see a shift after it opens. As of now, the US dollar has fallen, and the Euro is up, the highest since August this year. The US Dollar Index paints a gloomy picture …
USD/JPY Leap Post-BOJ: A December Surge
27.12.2023
USD/JPY and the BOJ Meeting The USD/JPY currency pair, a forerunner of economic relations between the U.S. and Japan, has recently experienced an explosive rise. The chief reason for this is the results of the (Bank of Japan) BOJ December meeting, which profoundly affected global currency...
Dollar faces challenges; Yen holds steady amid light trading
26.12.2023
The Dollar Index is down to ~101.43. The US Federal Reserve is expected to start cutting rates; however, a tentative date, or even a month for that matter, has not been shared by central banking authorities. What strengthens the belief is the fact that the inflation rate is well under control...
Report: Nigerian Currency Plunges to New Low Versus the US Dollar
22.12.2023
The official exchange rate of the Nigerian currency versus the U.S. dollar recently plunged to a record low of 1,248 naira for every greenback. The governor of the Central Bank of Nigeria has told the country’s legislators that he sees the foreign exchange market stabilizing in 2024. Official...
Analysis: Currency market outlook and trends amid economic shifts
22.12.2023
The US real GDP has come out with a growth rate of 4.9% in the third quarter. Experts and analysts are worried about the future since the number is less than what was expected. It was projected to be rolled out at 5.2%, hence the disappointment. It spreads across the currency market, with the...
Rupee boosted by US yield decline, pegged back by risk aversion
21.12.2023
Another day, and the Indian rupee (₹) and the US dollar ($) are on track to test their pace. The pair was last seen registering a strength of ₹83.27. It aligns with the expectations that the INR would open as cold as it closed the last session. The US dollar is split in pieces, and …
GBP/USD Forex Signal: Quick bounce before UK inflation data
20.12.2023
The GBP/USD pair is headed for a bullish bounce, with the value dancing around 1.27. One reason why there are sentiments about the pair being bullish is the upcoming inflation data by the UK department. The rate was seen at 3.9% in November. A better control would set the tone for the pair...
RBI and IMF Exchange words on forex intervention
20.12.2023
India’s inflation is below 6%. Despite a global slump, the country continues to grow swiftly. Some of it can be attributed to India’s firm position on purchasing subsidized Russian fuel during the Russia-Ukraine war. However, one issue that has caught the IMF’s attention is...
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...