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
Middle East Tensions Drive Oil Prices Up 0.75% to $75.39
Key Points Oil Price Surge: Tensions between Israel and Hezbollah caused a notable rise in oil prices, with Brent crude
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
Pixel 9 Unveiled: AI-Powered Features Redefine Smartphones
Quick Overview AI Integration in Pixel 9: Google’s Pixel 9 features deep AI integration, driven by the Gemini chat
Crop Farming Decisions Driven by Profit: A 20-Year Overview
Quick Look Economic Drivers: Crop planting decisions are heavily influenced by expected profitability and relative crop
Quick Look: Crossover Markets raised $12M, led by Illuminate Financial and DRW
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Key Points Gold’s Resurgence: Gold prices rebounded above $2,500 per ounce amid
After a few days of continuous contraction, WTI crude oil prices finally
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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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ZKsync Airdrop: 3.675 Billion Tokens for Community
Ripple Launches $1 Billion Fund for Japan and Korea
Bitcoin Ends at $69,570 After 0.16% Decline
Cryptocurrency Taxation: A Comprehensive Guide
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U.S. Data Spurs 50 Bps Rate Cut Speculation
Quick Look: Tepid U.S. Data: Weak economic data stokes fears; markets anticipate
Peso Drops 0.8% to 18.7924 per Dollar: Economic Challenges
Quick Look: The peso fell 0.8% to 18.7924 per dollar, hitting a seven-week low. Mexico’s GDP grew only 0.2%, missing the 0.4% target, hinting at potential rate cuts. Other Latin American currencies, like Chile’s and Colombia’s pesos, are also
Hedge Funds Cut 56,639 Bearish Yen Bets, Largest Since 2011
Quick Look: Hedge funds reduced net short positions on the yen by 56,639 over two weeks ending 23 July. Expectations of rising Japanese interest rates are driving the reduction in bearish bets. Yen appreciation diminishes the carry trade strategy,
USD/CHF Rises to 0.8830 Amid Mixed US PCE Data
Quick Look: USD/CHF climbed 0.15% to 0.8830 after two sessions of losses. June PCE Price Index dipped to 2.5% YoY; core PCE rose to 2.6% YoY. Mild disinflation and economic growth suggest a steady Fed policy. USD/CHF below key
British Pound Plummet on Brexit Vote Postponement
The British pound hovered near 20-month lows against the dollar on Tuesday after British Prime Minister Theresa May postponed an important vote on Brexit deal. Read more here!
Pound Retains Gains after British PM Wins Confidence Vote
The pound held onto most of its previous session’s gains on Thursday after British Prime Minister Theresa May survived a no-confidence vote, buying time to try to steer her unpopular Brexit deal through a deeply divided parliaments. Read more here!
Dollar Firms on Expected Interest Rate Increase Next Week
he dollar was steady against most major counterparts on Friday, as investors’ attention switched to an expected US interest rate hike next week. Read more here!
Safe-Haven Dollar Near Highs on Global Concerns
The dollar hovered near a 19-month high on Monday, boosted by safe-haven buying as escalated worries of a global economic slowdown diminished appetites for riskier assets. 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
XTB Steps Into UK ISA Market, Plans Autumn Launch
Admirals UK Achieves Profit Turnaround in 2023
Plus500 Witnesses Growth in Q1 Revenue
Axi Renews CFD Sponsorship Deal with Football
U.S. Data Spurs 50 Bps Rate Cut Speculation
Quick Look: Tepid U.S. Data: Weak economic data stokes fears; markets anticipate a 50 bps rate cut by the Fed in September. Eurozone Weakness: Germany’s economy contracts by 0.1%; the manufacturing sector shows persistent contraction. Fed’s Balanced Approach: Fed keeps rates steady; hints at potential rate cut in September if trends
Peso Drops 0.8% to 18.7924 per Dollar: Economic Challenges
Quick Look: The peso fell 0.8% to 18.7924 per dollar, hitting a seven-week low. Mexico’s GDP grew only 0.2%, missing the 0.4% target, hinting at potential rate cuts. Other Latin American currencies, like Chile’s and Colombia’s pesos, are also weakening. Uncertainty over US Fed decisions affects local stock markets and investor
Hedge Funds Cut 56,639 Bearish Yen Bets, Largest Since 2011
Quick Look: Hedge funds reduced net short positions on the yen by 56,639 over two weeks ending 23 July. Expectations of rising Japanese interest rates are driving the reduction in bearish bets. Yen appreciation diminishes the carry trade strategy, causing reevaluation among investors. BOJ and the Federal Reserve’s upcoming announcements could
USD/CHF Rises to 0.8830 Amid Mixed US PCE Data
Quick Look: USD/CHF climbed 0.15% to 0.8830 after two sessions of losses. June PCE Price Index dipped to 2.5% YoY; core PCE rose to 2.6% YoY. Mild disinflation and economic growth suggest a steady Fed policy. USD/CHF below key SMAs; continues a four-week losing streak. In Friday’s trading session, the USD/CHF
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
24 Exchange Records High FX NDF Trade Volumes in October
Equiti Group Opens Cyprus Office after Getting CySEC License
MetaQuotes Targets Mobile Traders with New MT5 Web
Futu’s Net Profit Rises 23%, Despite Drop in Trading Vol
Consob Blocks 4 More Illegal Trading Platforms
Saxo Bank’s Demand for FX Trading Rises by 7.8% in November
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