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Forex trading

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Axi Renews CFD Sponsorship Deal with Football

The Australian Federal Court has ordered Prospero Markets, a trading broker for forex and CFDs, to shut down and has appointed a liquidator to refund client money. This move follows a demand from the Australian Securities and Investments Commission (ASIC). On Thursday, the court demanded the closure on grounds deemed just and equitable. BRI Ferrier’s …

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Axi Debuts Proprietary Trading with Attractive Profit Split

Axi, formerly known as AxiTrader, is boldly stepping into the proprietary trading arena despite the sector’s current turmoil following actions against My Forex Funds. The Australian Forex and CFDs broker has launched a proprietary trading scheme, Axi Select. Axi Select: The New Player in Prop Trading In a recent statement, Axi clarified that the proprietary …

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India might ban crypto transactions

India might ban crypto transactions

On Wednesday, the Economic Times reported that India might bar cryptocurrencies usage for transactions or payments. However, it will allow people to hold assets like gold, shares, or bonds. The newspaper also stated that the approach would avoid executing a complete ban. However, the government was interested in stopping crypto firms, including platforms and exchanges, …

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The dollar surges to 16-month highs after U.S. inflation 

The dollar surges to 16-month highs after U.S. inflation 

On Thursday, the dollar surged to 16-month highs while the euro and other currencies started to decrease in value. The yen went back to its multi-year lows after the U.S. inflation. Last month, data showed that U.S. customer prices increased at their fastest annual speed since 1990. Traders think the Federal Reserve could react by …

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EUR/USD - Ahead Of The US CPI Release, The Dollar Rises On High Yields

Dollar falls before the U.S. inflation data release

On Tuesday, the dollar index fell in choppy trading. In the meantime, on Wednesday, investors expected data tor the next primary indicator of whether increasing-price constraints are stimulating. Data showed on Tuesday that the U.S. producer costs rose in October. This situation indicates that high inflation might continue for a while in the middle of …

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Weekly Overview: Forex, Stocks, Crypto, Commodities

Weekly Overview: Forex, Stocks, Crypto, Commodities Nov 5

Lots of major events influence the global market every day. Prices fluctuate due to political, economic, or climate situations around the world. How have Forex, Stocks, Crypto, and Commodity markets performed this week? In our weekly overview, we will highlight the major updates that took place this week in global markets. Forex weekly overview How …

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