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 …
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 …
Axi Debuts Proprietary Trading with Attractive Profit Split Read More »
The Australian Dollar appears to be trading flat on Wednesday after being pressured by rising U.S. Treasury yields driving up the interest rate of the U.S. Dollar. The catalyst extended the process of increasing bets on a faster taper rate with a faster-than-expected rate hike. The renomination of Jerome Powell as a Fed Chair for …
On Thursday, the dollar started decreasing from its 16-month high. At the same time, traders evaluated if the U.S. currency’s current surge had gone too far. Central banks fueled this surge after tightening expectations in the middle of surging inflation around the world. On Wednesday, the dollar index (which measures the currency against a basket …
On Thursday, the dollar went below a 16-month peak in Asian trade, decreasing in value against the New Zealand dollar after falling against the yen and the pound. It happened overnight as traders evaluated if the U.S. dollar’s recent surge was about to delay. On Thursday, the New Zealand dollar surged 0.39% to $0.7024 after …
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, …
On Tuesday, the Euro is at a 16-month low. In the meantime, the dollar was steady while traders awaited U.S. retail sales data. A strong reading might add pressure on the Fed to increase rates and stoke inflation. During the Asia session, talks between U.S. President Joe Biden and his Chinese counterpart Xi Jinping …
EUR/JPY Price Analysis When the bears can enter the support level of $130, the price might decline further to $128 and $129 levels. When the bulls interrupt the bears’ force, it might raise the EUR/JPY price to break up the $131 level in which it might extend to $133 and $132 price levels. Key Levels: …
EUR/JPY Price Sticks $131 Level Down while Targeting $130 Read More »
Inflation records brought some crazy changes this week. In our weekly overview, we will summarize the most important events in Forex, Crypto, Stocks, and Commodity markets that occurred this week. Forex Weekly Overview The U.S. dollar hit a 16-month high on Thursday. The cost of borrowing in the bond market rose again slightly after the …
On Friday, the dollar went higher for a 3rd consecutive day in a row since a surprisingly strong U.S. inflation print surprised markets. It also inspired investors to advance their bets on a U.S. rate hike. Five-year bond yields increased to a February 2020 high, with short-dated U.S. Treasury yields going higher. Investors increase bets …
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 …
The dollar surges to 16-month highs after U.S. inflation Read More »
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 …
Dollar falls before the U.S. inflation data release Read More »
In India, customers use banks or payment service providers for sending or receiving money globally. Also, while traveling overseas for holidays, some people spend in foreign currencies or sometimes withdraw money using ATM, credit, or debit cards. In this case, people always pay high fees without knowing. They always end up paying hidden fees for …
On Thursday, the pound dived after the Bank of England gave the impression that future hikes might not be as aggressive as markets had expected. It also decided not to change interest rates. The pound seemed to be performing well for a couple of weeks. Traders priced it in one hike this year and at …
GBP/JPY – Slides as the Bank of England Disappoints Read More »
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 …
Weekly Overview: Forex, Stocks, Crypto, Commodities Nov 5 Read More »
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