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
Japan’s Struggles Amid Dollar’s 160 Yen Surge
Quick Overview US Dollar Dominance: The US dollar’s central role in global finance challenges advanced economies,
U.S. Crude Oil Falls 1% Following Qatar-Iran Talks
Quick Overview Oil Price Decline: U.S. crude oil futures dropped over 1% on Friday due to geopolitical tensions in the M
Ethiopia’s NBE Suspends 12 Banks in Forex Crackdown
Quick Overview NBE’s Regulatory Crackdown: The National Bank of Ethiopia (NBE) suspended the forex licenses of 12
S&P 500 Rebounds After Worst August Start in 8 Years
At a Glance Economic Data Boost: Positive economic reports, including easing inflation and strong retail sales, alleviat
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
West Texas Intermediate or WTI crude oil and benchmark Brent oil prices
LIVE FOREX CHART
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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Indian Rupee Approaches Historic Low of 83.75
Quick Look: The Indian rupee is poised to hit a historic low
USD/CAD Continues to Show Positive Bias for Fifth Straight Day
Quick Look: Oil Prices Impact: The slump in crude oil prices weakens the Canadian Dollar, supporting the USD/CAD pair’s rise. Technical Indicators: Breakout above the 1.3740 supply zone and positive oscillators suggest a bullish outlook; Multi-Week Highs: Trading above
Canadian Dollar (CAD) Drops Amid Global Economic Shifts
Quick Look: The CAD struggles below the 1.36 mark, with critical levels at 1.3650/75 and potential USD gains above 1.3750. The People’s Bank of China’s recent rate cut has affected high-beta currencies, including the CAD. The BoC’s anticipated 25
Financial Markets React to Biden’s Exit and Harris Endorsement
Quick Look: Political Impact on Markets: Biden’s reelection exit and Harris’s endorsement shifted investor strategies, causing the US dollar to drop by 0.1% and Treasury yields to fall. Global Market Reactions: European stocks rise; Asian markets face tech sector
US Dollar Plummets Ahead of Fed Meeting
The US dollar skidded lower against a basket of other currencies on Tuesday ahead of this week’s Federal Reserve meeting. Read more here!
Dollar Remains Firm as Fed Calls for Further Hikes
The US dollar on Thursday was firm in Asia following the withdrawal of the US Federal Reserve from a more aggressive policy tightening move. This followed when it gave markets the distinct impression of being much less cautious in
Dollar Maintains Gains on Wall Street Push on Yields
The dollar managed to sustain a huge chunk of its overnight gains on Thursday although it was off its peak for the week so far amid thin volumes. Read more here!
Safe Haven Yen and Franc Rise on Global Concerns
The yen and the Swiss franc gained on Friday, as investors sought refuge in safe-haven assets because of renewed US-China trade tensions and weaker-than-expected data in the top two economies that revived global growth fears. 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
Plus500 Expands Office Space in Haifa and Boosts Hiring
Robinhood UK Launch – No Fee Trading, Margins on Hold
Admirals Launches New Analytical Tools for MT4 & MT5
ZaraFX Secures $2M Series A Funding, Appoints COO & CFO
Indian Rupee Approaches Historic Low of 83.75
Quick Look: The Indian rupee is poised to hit a historic low of 83.74-83.75 against the US dollar, surpassing its previous all-time low of 83.72. Despite the Reserve Bank of India’s efforts to stabilize the currency, the rupee has declined for four consecutive days. Increased tax rates on equity profits led
USD/CAD Continues to Show Positive Bias for Fifth Straight Day
Quick Look: Oil Prices Impact: The slump in crude oil prices weakens the Canadian Dollar, supporting the USD/CAD pair’s rise. Technical Indicators: Breakout above the 1.3740 supply zone and positive oscillators suggest a bullish outlook; Multi-Week Highs: Trading above mid-1.3700s, nearing a six-week peak, potentially reaching 1.3800 and beyond; The USD/CAD
Canadian Dollar (CAD) Drops Amid Global Economic Shifts
Quick Look: The CAD struggles below the 1.36 mark, with critical levels at 1.3650/75 and potential USD gains above 1.3750. The People’s Bank of China’s recent rate cut has affected high-beta currencies, including the CAD. The BoC’s anticipated 25 basis point rate cut influences the CAD’s performance. Global economic policies and
Financial Markets React to Biden’s Exit and Harris Endorsement
Quick Look: Political Impact on Markets: Biden’s reelection exit and Harris’s endorsement shifted investor strategies, causing the US dollar to drop by 0.1% and Treasury yields to fall. Global Market Reactions: European stocks rise; Asian markets face tech sector struggles; Chinese bonds benefit from a central bank rate cut. Commodities and
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
Tavira Securities Closes FY22 with 48% Jump in Revenue
SEC Seizes $4.3 Million FX Ponzi Schemes
Spotware launches new Copy Trading Feature to CTrader
Admirals Acquires Kenyan License, Eyes Seychelles Takeover
Plus500 Ends 2022 with $832M in Revenue.
OANDA Japan: No More fxTrade, USD/JPY Margin Shift
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