Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. USDPLN The US dollar has been declining against the Polish zloty for months now, but it looks like it won’t stop anytime soon. The pair’s 50-day moving average is still moving farther downward since …
Daily Market Charts and Analysis September 03, 2020 Read More »
The foreign exchange market is one of the most volatile in the world. Forex traders often accumulate or lose staggering amounts of money faster than in any other market. Changes are swift, and the scale may be tipped with a minimal incentive. Despite that, this market is very much sought after. If you play your …
The number of Forex traders is increasing worldwide Read More »
The coronavirus lockdowns have caused millions of job losses. Lots of people have been forced to eat into their life’s savings to survive. However, the economic crisis caused a surge in the number of active Forex traders in South Africa. Their number has grown exponentially in recent months as people are looking for alternative ways …
Forex trading has grown exponentially in South Africa Read More »
Here is a handpicked list of the best Forex brokers in Senegal for Senegalese traders. 1. FP Markets FP Markets is a highly regulated Australian broker. It offers traders access to over 70 Forex currency pairs, as well as popular index CFDs and indices. This award-winning broker provides an advanced trading environment through its support …
The price of Rhodium has increased by 31% this month, matching its record since 2008. The precious metal is applied in autocatalysts and it is five times more expensive than gold. In the past four years, rhodium outperformed all major commodities since the demand from the automotive sector has increased. The metal is mined as …
Forex trading has been recognized as one of the fastest ways to accumulate financial wealth in a short time. The profit generation potential offered by the foreign exchange market is practically unlimited. Forex traders can earn thousands of dollars every day, whenever they can accurately predict the future course of the exchange rate, or simply …
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. USDZAR The increase in USD reserves by South Africa will help it to continue its strength against the greenback in coming sessions. SA saw a huge jump in its dollar reserves in the second …
The state of the global economy was far from being ideal even before the coronavirus reached the majority of the countries. However, the ongoing situation created additional problems for the global economy. Countries even the richest ones are struggling to cope with the economic impact of the coronavirus pandemic. On Wednesday, the International Monetary Fund …
International Monetary Fund Changed its Economic Forecasts Read More »
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. USDCHF The Swiss franc momentarily weakened after the news about the Swiss National Bank’s monetary policy decision this June. The pair is seen struggling to gain proper momentum this Friday. Luckily for bearish investors, …
At the end of 2019, the palladium market experienced a drop in supply by 950,000 ounces (29.54 Mt). Throughout the year, the metal’s price had been on the rise, until it reached a historical maximum. Besides, the demand for palladium has been historically high in the automotive sector. The PGM Market Report, published in major …
Russia – the world’s largest producer of palladium in 2019 Read More »
Sub-Saharan Africa has a huge remittance market, as people who left their home countries send billions of dollars every year. Nevertheless, they have to use slow and centralized remittance systems. Furthermore, such systems charge transaction fees as high as 9%. Interestingly, mobile payments are even more expansive than centralized remittance systems. Moreover, mobile payments charge …
Cryptocurrency as an Alternative to Remittance Systems Read More »
African countries have a huge potential when it comes to developing the local crypto industry. A new report prepared by Arcane Research contains interesting details about the cryptocurrency ownership in African countries. Importantly, African countries have some of the highest cryptocurrency ownership rates around the world. For example, South Africa is one of them. Interestingly, …
The Covid-19 pandemic has harmed the platinum market, including price, demand, and supply. Still, the results of the report of the World Platinum Investment Council (WPIC) is quite promising. According to it, the first quarter of 2020 is showing that the net effect is less than feared. The outlook for the platinum this year is …
Covid-19’s impact on platinum is less than feared Read More »
FXCM announced a wider launch of its Stock Basket offering to its customers this Tuesday. The company has offered six stock baskets to its retail clients. The basket products are now available for trading by its users via its entities based in Australia and South Africa. Already, FXCM offers foreign exchange as well as cryptocurrency …
The Food and Agriculture Organization of the United Nations, FAO, released its first forecasts for global wheat supply and demand in the 2020/21 marketing season. World production is forecasted at 762.6 million tons. The number broadly corresponds with the level of 2019. The harvests expect to be lower in the European Union, North Africa, Ukraine, …
Cereal production will be abundant in Asian regions Read More »
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