Sun, December 04, 2022

Saxo Bank

Saxo Bank Records a 35% Higher FX Trading Volume in March

Saxo Bank Records a 35% Higher FX Trading Volume in March

Even with the drastic jump in the trading demand, equities are experiencing slowed demand. In March, the overall monthly trading volume in SAXO Bank shot up to $460.4 billion, which makes it the highest since April 2020. Consequently, the current numbers caused a significant overflow of demand in retail services, hence the closure during the …

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Saxo Bank Records a 35% Higher FX Trading Volume in March

Saxo Bank Reports a 12.2% Drop in FX Volumes in November.

Saxo Bank’s November trading metrics reveal a decline in demand across all asset classes. Trading volume fell 10% month-over-month, to $292.2 billion, with an average daily trading volume of $13.3 million. The financial trading platform provider reported a decline in monthly demand for all asset classes, including foreign exchange (forex) and equities. Saxo Bank’s November …

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With the cryptocurrency market's rise, Saxo's crypto offerings have increased in demand.

Saxo Enables 9 Crypto-FX Trading Pairs

On Monday, Saxo Bank, a Danish broker, announced that it would add 9 crypto-forex pairings to its TradingView service, allowing its customers to trade from the third-party social trading platform. The new TradingView connection will allow investors to trade Bitcoin, Ethereum, and Litecoin against the euro, USD, and Japanese yen. Saxo first began offering crypto …

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Is Crypto Winter Here? - Bitcoin Fell to $60,000

Is Crypto Winter Here? – Bitcoin Fell to $60,000

Cryptocurrency sales have pushed Bitcoin and Ether to levels they have not had in more than a week this week. This is due to China’s new mining restrictions and the expected tax consequences of the newly signed U.S. Infrastructure Bill. The price of Bitcoin has fallen -1.61% in the last 24 hours, to $60,586. Ether …

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bitcoin

Bitcoin Analysis: What caused the latest rise?

Bitcoin extended its advances after breaching above the $30,000 threshold, which some cryptocurrency traders regard as a critical support level. In New York on Wednesday, the largest digital currency had risen as high as 5.8 per cent and was trading at $31,450. Other cryptocurrencies, such as Ether and Dogecoin, increased, as did the Bloomberg Galaxy …

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Copper had fallen for 14 days

Chinese fears of commodities price caps decrease copper

Copper prices slipped on Monday on concerns that top metals consumer China desires to put a lid on rising commodity prices to manage off potential inflation. Concern regarding wavering demand and increasing copper inventories also showed on the market. Benchmark copper on the London Metal Exchange (LME) had declined 0.9% to $8,845 a tonne by …

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Given the uncertainty about the coronavirus, copper prices surge

Copper hits its highest price since January

Copper prices increased for the fifth straight session on Wednesday, to their highest levels since January. Steady demand and a better technical scenario supported the metal. Over three 3 months, copper, on the London Metal Exchange (LME), gained 2.1% at $5,893 a tonne, after earlier climbing to $5,913.50, its highest since January 24. Ole Hansen, …

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Silver prices up

Supply crisis pushing the silver price to 3-month high

Silver prices started to increase after Friday’s breakout session.  Phillip Streible, a chief market strategist at Blue Line Futures, said that the demand for the metal has increased while the supply has dropped. These conditions are likely to continue to push silver rates higher. May silver prices settled at $17.51 an ounce. Since late February, …

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U.S. stock market

US-China tensions affect Gold; Traders remain cautious 

Rising tensions between the Us and China over the coronavirus weakened risk sentiment.  Reuters reported that growing unease at the gulf between asset prices and gloomy economic reality turned investors cautions. Mike Pompeo, the US secretary of the state, said that a significant amount of evidence exists uncovering that the coronavirus developed from a Chinese …

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