Key Points Gold’s Resurgence: Gold prices rebounded above $2,500 per ounce amid
The EU-monitored entity IC Markets Ltd allegedly onboarded traders, offering 1000:1 leverage
U.S. Jobless Claims Drop to 231,000 Amid High Interest Rates
Quick Overview Unemployment Claims Dip: Jobless claims fell by 2,000 to 231,000, reflecting a resilient labor market des
Sterling Hits $1.32: The Surge, Risks, and Future Outlook
Quick Look Sterling’s Surge: The British pound has surged to a 2.5-year high against the dollar, driven by expecta
Dow Jones Surges 243 Points, Sets New Record at 41,335.05
Quick Overview Dow Jones Hits Record: The DJIA rose by 243.63 points, closing at a record 41,335.05, driven by blue-chip
China’s Consumer Habits Shift Post-Pandemic: A Frugal Turn
Quick Overview Frugality Rises Post-Lockdown: Extended lockdowns in China led to more cautious consumer behavior, reduci
Quick Look: Crossover Markets raised $12M, led by Illuminate Financial and DRW
TODAY'S FEATURED
Key Points Gold’s Resurgence: Gold prices rebounded above $2,500 per ounce amid
Quick Look Zinc futures soared to a 5-week high amid output cuts
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Oil Prices Drop on Worries over Possible Oversupply
Oil Prices Fall as Future Growth Blurs
China Traders Play Down New Feed Guidelines
Gold Rebounds to $2,500 Amid Fed Rate Cut Speculations
Silver’s Pullback from $30.19: What’s Next for XAG/USD?
Middle East Tensions Drive Oil Prices Up 0.75% to $75.39
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New Crypto Era: Crossover Markets Secures $12M
Bitcoin Exchange Reserves at 3-Year Low in June 2024
Monetary Policy’s Impact on Investment Strategies
Commodity Trading: Leveraging Margin for 100%+ Gains
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Sterling Hits $1.32: The Surge, Risks, and Future Outlook
Quick Look Sterling’s Surge: The British pound has surged to a 2.5-year
August Volatility: $250 Billion in FX Carry Trades Unwound
Quick Look Market Turbulence: Early August saw a brief but intense spike in market volatility due to unwinding leveraged trades. FX Carry Trades Hit: The FX carry trades, estimated at ¥40 trillion, were heavily impacted by deleveraging pressures. Deleveraging
Euro, Pound Gain 0.1% as Oil Prices Stabilize
Key Points Euro And Pound Rise: Both currencies edged up as oil prices paused, nearing multi-month highs against the US dollar. Fed Rate Cut Anticipation: Expectations of a Federal Reserve rate cut are pressuring the dollar, boosting the euro
China’s Yuan Gains 1.3% in August Amid PBOC Interventions
Quick Overview Yuan’s Strength: The yuan gained 1.3% against the dollar in August, reversing earlier losses. This was driven by external factors like potential U.S. Fed rate cuts. PBOC’s Caution: To avoid market turbulence, the People’s Bank of China
US Dollar Nears 10-Week Highs Ahead of US Growth Report
The dollar was near a 10-week high on Friday as investors anticipated the US economic growth figures’ impact on its continuing strength that has been going on for months in the forex world. US President Trump has been outspoken
Dollar Goes Up Against other Currencies on Bullish Data
The dollar edged higher against a basket of its key rivals on Monday, not far from a 10-week high following that data that showed US economic growth slowed less than expected and as global risk sentiment stayed fragile. The
Euro Slides on German Chancellor News
The euro weakened on Monday after a report said that German Chancellor Angela Merkel will not seek re-election as party chairwoman, marking the end of a 13-year era in which she has dominated European politics. [img desc: Angela
Dollar Rallies on Risk-Averse Global Sentiment
The dollar experienced massive gains as investors flocked the world’s most liquid currency on fears of a slowdown in global economic growth. Read more here!
BROKER NEWS
LCG UK Boosts Revenue by 25% while Net Loss Shoots by 30% in 2022
London Capital Group Limited is a victim of the troubled FlowBank, but its board is working to see profitability in 2024. The company reported a notable revenue increase in 2022, but the net loss escalated by 30%. LCG Net Loss Deepens in 2022 The FlowBank-owned London Capital Group
LCG UK Boosts Revenue by 25% while Net Loss Shoots by 30% in 2022
LandFX Net Profit Upward Shift Despite the Turnover Downturn
Plus500 Extends its Share BuyBack Plan with $110 Million
Renewed Axi and Girona FC Partnership
Sterling Hits $1.32: The Surge, Risks, and Future Outlook
Quick Look Sterling’s Surge: The British pound has surged to a 2.5-year high against the dollar, driven by expectations of prolonged high UK interest rates. Interest Rate Risks: Sterling’s strength hinges on the Bank of England’s rate policies; unexpected cuts could lead to rapid declines. Speculative Bets: The pound’s rise is
August Volatility: $250 Billion in FX Carry Trades Unwound
Quick Look Market Turbulence: Early August saw a brief but intense spike in market volatility due to unwinding leveraged trades. FX Carry Trades Hit: The FX carry trades, estimated at ¥40 trillion, were heavily impacted by deleveraging pressures. Deleveraging Cycle: Margin calls triggered a vicious cycle, exacerbating the volatility but avoiding
Euro, Pound Gain 0.1% as Oil Prices Stabilize
Key Points Euro And Pound Rise: Both currencies edged up as oil prices paused, nearing multi-month highs against the US dollar. Fed Rate Cut Anticipation: Expectations of a Federal Reserve rate cut are pressuring the dollar, boosting the euro and pound. Oil Prices’ Impact: A recent pause in rising oil prices
China’s Yuan Gains 1.3% in August Amid PBOC Interventions
Quick Overview Yuan’s Strength: The yuan gained 1.3% against the dollar in August, reversing earlier losses. This was driven by external factors like potential U.S. Fed rate cuts. PBOC’s Caution: To avoid market turbulence, the People’s Bank of China (PBOC) is subtly intervening to prevent excessive yuan appreciation. Subtle Interventions: Measures
Dukascopy’s Trading Revenue Takes an 80% Hit in H1
The Swiss-based Dukascopy today made its interim consolidated income statement public. The report showed a sharp 80% plunge in profits, dropping to CHF 889,000 in H1 of this year from CHF 3.9 million during
Capital.com Records a 229% YoY Rise in Q1 Trading Volume.
City Index Launches Performance Analytics for UK Traders
Equiti Brokerage Expands its Crypto CFD Offering
BUX Rebrands CFDs Trading Platform to ‘Stryk’
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