Naira exchange rate at the black market depreciates to N685: Investors fear a retest of N700
The Naira exchange rate against the US dollar has remained volatile on the black market in the just concluded week, with the rate jumping to N685 over the weekend and remaining at this level in the new week. This has caused great panic among investors who fear a retest of the previous all-time low above N700 recorded last month.
Is Forex the Same as Pyramid Scheme?
The biggest problem with forex trading that contributes to its constant conspiracies is a lack of transparency and unclear regulatory structures. Though there are forex brokers that run a legitimate business operations, there are also many forex brokers that are unregulated and are pyramid schemes in disguise.
Pandemic pushed millions more into poverty in the Philippines – government
About 2.3 million people in the Philippines were pushed into poverty between 2018 and 2021, largely due to the economic downturn caused by the pandemic, the statistics agency said on Monday.
BTC/USD Forecast: Bitcoin Continues to Grind
The BTC/USD currency pair rallied ever so slightly on Friday as we continue to grind back and forth. That being said there is a little bit of a “buy on the dip” mentality at the moment, but not necessarily anything that I would consider to be explosive or momentous. I think at this point in time it’s likely that we could get a little bit of a pullback, but I think also that there is a certain amount of accumulation going on which will probably be well for the long term.
The WikiFX Event: An Overview of the Basic Forex Education
Two WikiFX instructors addressed the fundamentals of forex trading last Saturday, August 13, 2022, at D Veranda Events Place Domingo Village. The event was presented by Master IB Ron Merca and Professional Trader Max Gines, as well as two guest lecturers, Jose Diaz and Rey Angan. They are all professional trading brokers of Fortune Prime Global (FPG)
A Clone Firm: FTSFX is in the Blacklist of Hong Kong SFC
FTSFX is an illegitimate broker operating in Hong Kong and the website is available in both English and Chinese.
Alert: FCA, CNMV and FSMA Added EuroTrade into Warnings
EuroTrade has got many negative reviews and investors who traded with this broker have raised many complaints against it.
Stay Away! Unregulated FX Broker Crezmoon Pretends to be Registered
Compared to legitimate companies, scammers are often hesitant to present their licenses, since they don't have any.
Social Media Brokers Alert: a Case of 48 Hours Fx Trade Limited
Scammers from different industries have infiltrated the social media space in a bid to make money by duping people.
Brazil’s central bank chief predicts end of credit cards
Brazil’s central bank chief Roberto Campos Neto on Friday said he believes credit cards will cease to exist soon due to the growth of the open finance system, through which clients authorize financial data sharing with different institutions.
Ukraine’s creditors agree 2-year freeze on $20 billion overseas debt.
Ukraine’s overseas creditors backed its request for a two-year freeze on payments on almost $20 billion in international bonds, a regulatory filing showed on Wednesday, a move that will allow the war-ravaged country to avoid a messy debt default.
WikiFX Scam Alert: Beware of MYN Capital!!!
The Spanish financial authority CNMV issued a warning against MYN Capital on August 1th!!!
Dollar-strapped Argentina announces incentives for oil and gas industry
Argentina announced late on Friday a package of tax and customs benefits for the oil and gas industry meant to attract dollars to the South American nation, which is battling crippling inflation and a low level of foreign currency reserves.
Marketmind: Asia’s economic spotlight shines on giants China, Japan
A look at the day ahead in Asian markets from Jamie McGeever
Asia shares mixed as China cuts rates, data disappoints
Asian shares inched higher on Monday with investors anxious to see if Wall Street can sustain its rally as hopes U.S. inflation has peaked will be tested by likely hawkish commentary from the Federal Reserve this week.
Aussie, kiwi fall as China’s recovery falters; yuan eases on surprise PBOC rate cut
The risk-sensitive Australian and New Zealand dollars retreated from near two-month highs against the greenback on Monday due to dissappointing data from China, a key trading partner, while the Chinese yuan weakened after a surprise cut in interest rates.
Broadridge’s Total Revenues Climb 12% in Q4 FY22
Operating income came in at $342 million. The adjusted operating income was $436 million.
Abrdn Acquires Stake in Archax
Archax is the UK’s first regulated digital securities exchange. The company was established four years ago.
Integral, Saxo Bank, IG Group and More: Executive Moves of the Week
Executive moves that dominated the week's news.
Virtual Pay International Limited Obtains License from the Central Bank of Kenya (CBK)
Virtual Pay's objective is to play a pivotal role in the growth of the financial sector.
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