Dollar rises on risk aversion; euro revisits parity
The U.S. dollar index hit a fresh five-week high on Monday after another Federal Reserve official flagged the likelihood of continued aggressive monetary tightening ahead of the central bank’s key Jackson Hole symposium this week.
Moscow Exchange to ban use of dollars as collateral from Aug. 29
The Moscow Exchange will ban the use of dollars as collateral to underwrite transactions, it said on Monday, as Russia seeks to cut dependence on currencies of nations that have imposed sanctions on it.
ASX's Compliance With Additional License Conditions Will Be Monitored By ASIC
ASIC notes that it will monitor ASX Clear and ASX Settlement's compliance with the additional license conditions, including the provision of independent expert reports on ASX's Assurance Program and the status of any corrective actions, as well as attestations from senior executives and the board that the system and ASX are operationally ready to migrate.
Banks N22 trillion Claims with Central Bank seen funding largest intervention funds in Nigeria’s his
The total claims Nigerian commercial banks have against the Central Bank of Nigeria rose to N21.5 trillion as of June 2022 compared to N19.9 trillion as of the end of December 2021.
WikiFX Scam Alert: Plz keep clear of Prime Coin!!!
The British regulator FCA issued a warning against Prime-coin.live on August 19th!!!
WIKIFX Broker's Review on FxNextGen
FxNextGen (https://www.fxnextgen.com/) is a forex and CFD broker situated in Georgia. The firm provides retail trading services in a variety of financial markets, including FX, commodities, stocks, indices, and cryptocurrencies. Apart from access to the industry-standard MT4 and MT5 trading platforms, the firm also provides educational materials with basic knowledge on the currency and stock markets.
Wintersnow Ltd Gone from MT5?!
Forex scams come in different variations. At WikiFX, we have seen so many situations wherein victims reported that they got scammed through different tactics that a normal person would not be able to fathom. However, it is not common to see a forex broker that could disappear entirely from MT5. Keep reading to find out more.
Top Talent from Traditional Finance Is Shifting to Crypto
Key figures in the financial industry are turning into the blockchain space. Companies that act in accordance to the market trends will prevail.
FTX US among Platforms Warned by US FDIC for Misleading Statements
The US agency clarified that none of the mentioned crypto exchanges are insured by it. The platforms have already complied with the order and took down the statements.
FTX’s 2021 Revenue Jumped 1,000% to $1 Billion
The US arm of the exchange only brought in 5 percent of the total revenue. FTX did not reveal the figures officially.
Crypto Liquidations Surge, Ethereum Loses $1,550 Price Level
Long ETH traders lost approximately $30 million within the last 24 hours. Ethereum is down by almost 18% in the past seven days.
Noga Knaz Joins Prytek Ventures as CEO
Knaz has over two decades of professional experience. She previously served as the CEO of Rosario Capital.
10 Best Forex Brokers in South Africa
See who are the best forex brokers in South Africa to choose from.
Liquidnet Strengthens Fixed Income Team, Hires Nichola Hunter as Global Sales Head
She brings 25 years of industry experience to the company. She will be focused on growing Liquidnet’s client relationships.
ASIC Reveals 4-Year Plan, Focus Will Be on Tech Risks and CHESS Replacement
The regulator outlined corporate plans until 2026. It will also supervise ASX on CHESS replacement.
Nigerians spend over a $1 billion on beverages in 6 months
Nigerians spent over a billion dollars on beverages such as alcoholic and non-alcoholic drinks in the first half of 2022.
Pros and Cons of using robots in Forex Trading: A guide for all South African traders
The use of Robots also known as Expert Advisors (EA) has become increasingly popular among South African traders today. Many traders now consider it the easiest way to make profits without much labor in the forex market today. This is so as the EAs are programmed to mimic the special strategies developed by professional traders over the years and back-tested for their efficiency before coding them into a robot.
Nigeria's inflation rate attains 17 years all-time high record in July
The Nigerian inflation rate attained a new high record at 19.64% YoY in July 2022, against the 17.38% recorded in July 2021, marking its highest level in 17 years. This was as a result of the naira devaluation and the rising cost of production within the country. According to the Chief executive officer, National Bureau of Statistics - Prince Semiu Adeniran, the highest inflation rate was recorded in the prices of gas, liquid fuel, solid fuel, transportation, garments, cleaning, repair, and hire of clothing.
WIKIFX Broker's Review On Cedar Signals
By spreading falsehoods one after the other, fraudulent brokers construct false impressions of themselves. And, like Cedar Signals, unsubstantiated assertions may occasionally lead to confusion. The claimed experience and rules are contradictory, making the scheme a farce.
RBNZ wants rates ‘comfortably above neutral’ to tame inflation-Hawkesby
Reserve Bank of New Zealand Deputy Governor Christian Hawkesby said on Monday that policymakers had “certainly considered 25 or 75” basis point increases before ultimately deciding to raise the cash rate by 50 basis points (bps).
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