FXCM UK Revenues Fall 12% Profits Will Drop By 95% In 2021
The revenue of FXCM UK for 2021 was $13.6 million, a 12% decrease from $15.4 million in 2020. The company's net profit for the year decreased from $4.9 million in 2020 to only $227,982 in 2021, just over breakeven.
Rakuten Completes Securities Business Reorganization
According to Rakuten Group, the establishment of Rakuten Securities Holdings, Inc. and the reorganization of the securities firm were completed as planned.
Diversification in Forex Trading | How to Do It?
The basic rule that a trader must follow is understanding that the greater the capital invested in different currency pairs, the lower risk he is exposed to. A good currency portfolio can also be built from a few carefully selected pairs. Diversification entails knowing how to choose pairs based on risk and return goals.
Scam Alert: DtpFx Ltd's Costumer Services Ignores Inquiry about its Regulation
DtpFx Ltd is a forex scam warned by FCA recently. However, it hasn't stopped its steps to scamming after being warned.
Scam Alert: Avoid Trading With Cryptocurrency Scam CryptoAllDay
Although digital currencies have been around for over a decade, the concept is still foreign to many.
Pound jumps on UK tax cut reversal, oil swings higher
Oil jumped on Monday as OPEC+ considers a cut to output this week, while Asia shares were mixed with holidays in the Asia-Pacific region likely to result in thin trading.
Japan PM Kishida vows new steps to beat inflation as approval ratings slide
Japanese Prime Minister Fumio Kishida on Monday vowed to take steps to cushion the blow from rising electricity bills and maximise the benefits to the economy from a weak yen such as by resuscitating inbound tourism.
Sterling briefly jumps after British government tax U-turn
The pound briefly jumped on Monday on news Britain would reverse plans to cut the highest rate of income tax, one contentious part of a package of financial measures that last month sent sterling and British government bonds tumbling.
Instant View: British pound up as govt makes U-turn on tax cut plan
Britain’s pound rallied and UK stock futures rose on Monday, after a BBC report that a proposed controversial tax cut in the government’s mini-budget might be overturned.
XRP Price Return to $0.50 in the Hands of the SEC v Ripple Case
After a bearish weekend, XRP was on the rise this morning. However, SEC v Ripple updates will need to be in favor of the defendants to deliver $0.50.
Oil rebounds 3% as OPEC+ weighs biggest output cut since 2020
Oil prices jumped more than 3% in early Asian trade on Monday as OPEC+ considers cutting output of up to 1 million barrels per day at a meeting this week to support the market.
Robinhood Revises Restructuring Charge Estimate, Closes Additional Offices
According to an SEC filing, Robinhood's reduced personnel has prompted the firm to review its real estate assets. As part of the August 2022 reorganization, Robinhood elected to close five additional offices on September 30, 2022, four of which are recent leases that have yet to be leased. As a result of these efforts, no employees have been fired.
This Morning’s USD/JPY Breakout Gives the Bulls Another Look at 146
The USD/JPY briefly revisited 145 this morning. US stats and Fed chatter will need to be Dollar bullish to support a run at the morning high of 145.292.
Crypto Market Daily Highlights – BNB Bucked the Top Ten Bearish Trend
It was a bearish end toa bearish week for the crypto market, with Fed fear and sentiment towards the economic outlook weighing.
OvalX (formerly ETX Capital) Loses Money in 2021, Client Count Increases
Moncor (London) Limited, trading as OvalX (previously ETX Capital), announced a pre-tax loss of £9.2 million for the fiscal year 2021, which concluded on December 31, due to large investments and macroeconomic changes.
Beware This Unregaluated Broker CryptoAllDay - Scam Alert!
The concept of digital currencies is still foreign to many people even though they have been around for more than a decade. Because of their lack of familiarity with the decentralized economy, customers are an easy target for fraudsters. This piece exposes CryptoAllDay, a fraudulent broker, and warns readers to stay away.
BANKS LIMIT FOREIGN EXCHANGE SALES AS A RESULT OF THE PINCH.
According to economists, the persistent dollar shortage in the economy is having the worst impact on banks and enterprises. Nigeria, one of its worst dollar shortages in recent memory, which is impacting important economic sectors. The economy has reached its breaking point due to a lack of foreign currency.
Over trading a sure way to blow your account
We have all been there. Spending too much time on the screen, drawing and putting on too many objects and instruments and it seems like you are getting more confused by the minute. These are all the symptoms associated with over trading and today we are going to discuss how to prevent this issue.
U.S. dollar share of global FX reserves rises in Q2; euro share slips
The U.S. dollar’s share of currency reserves reported to the International Monetary Fund rose in the second quarter, with the Federal Reserve in the midst of an aggressive tightening cycle aimed at stamping out uncomfortably high inflation.
Sterling set for biggest weekly rises since March 2020
Sterling rose on Friday moving close to levels last seen before the new government’s so-called mini budget a week ago sent the currency to a record low against the U.S. dollar.
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