Asian markets gain, investors anxious for U.S. rate hike clues
Asian share markets were broadly positive while the dollar was slightly weaker on Thursday, with investors nervously awaiting the U.S. Federal Reserve’s annual Jackson Hole conference for clues on how sharp future interest rate hikes might be.
India’s robust growth gives RBI room for more rate hikes
India’s strong growth offers room for the Reserve Bank of India to raise rates by another 60 basis points as the central bank seeks to stamp out high inflation, DBS Group Research said in a note on Thursday.
Euro bounces back above parity as investor sentiment improves
The euro rebounded back above parity with the dollar on Thursday as the U.S. currency’s recent rally ran out of steam and investors waited to see whether Federal Reserve Chair Jerome Powell would sound a more hawkish tone at a meeting this week.
Rouble steadies near 60 vs dollar; TCS, M.Video shares down after results
The Russian rouble stabilised near 60 against the dollar on Thursday, lacking new momentum, while shares in TCS, owner of Russia’s Tinkoff Bank, and retailer M.Video-Eldorado fell after earnings reports.
Popular Terms In Forex Trading You Should Know
First, you must master the fundamentals of foreign exchange. Foreign exchange, commonly known as Forex and FX, is the conversion of one currency into another, such as EUR/USD (Euro - US Dollar), USD/JPY (US Dollar - Japanese Yen), and GBP/USD (British Pound - US Dollar).
WikiFX Review: what you should know about Virtual-Fxtrade
If you are interested in trading with Virtual-Fxtrade, we advise you read the following review of the firm first. It could save you a lot of time and money to know what you are dealing with beforehand!
Brazil central bank chief predicts 6.5% inflation in 2022
Brazilian central bank chief Roberto Campos Neto on Tuesday predicted that inflation will reach 6.5% or a little lower this year, adding that the country will post monthly deflation in two or three months.
Russian stocks to pare some heavy losses by year-end – Reuters poll
Russia’s stock market will pare some of its heavy 2022 losses by the end of the year, according to a Reuters poll of ten market experts, having fallen sharply after Moscow dispatched troops into Ukraine, triggering sweeping western sanctions
Forex Market Hours That Must Be Remembered
Foreign exchange market hours are generally from Monday to Friday and are halted on weekends when the main institutions are closed.
WikiFX Fraud Alert: Plz stay away from ETH Profits!!!
The British regulator FCA issued a warning against ETH Profits on August 19th!!!
The Most Important Forex Market News To Keep An Eye On
News trading is becoming more popular among Forex traders because of the potential for huge earnings in a very short period of time. However, just as not all fingers are the same, not all macroeconomic news items have the same market effect. The German Flash Manufacturing PMI, for example, will always have a greater influence on the Euro than the French Flash Manufacturing PMI.
Do You Want To Know Who The Major Players In the Forex Market Are?
The FX market is the world's biggest financial market, with the most money invested and transacted daily. According to research, the forex industry is worth about $6.8 trillion, with over $5 billion transacted every day. As a result, there is enough money in the currency market for everyone to become wealthy.
The Most Popular FX Brokers on WikiFX | Do You Know Them?
With forex brokers mushrooming throughout the globe at an overwhelming rate, would you like to know which are the most popular FX brokers based on WikiFX’s database? Keep reading to find out more.
WikiFX Review: Traders need to understand the current situation of TriumphFX
Recently, TriumphFX is a trending topic in the forex industry. It is not the first time that WikiFX reported this broker publicity. In the previous article, WikiFX has exposed this broker for taking clients’ money away fraudulently. In today’s article, WikiFX will have a comprehensive review of TriumphFX so that you will have a clear understanding of this broker.
Strong dollar and power outages cause the South African rand to decline.
On Monday, the U.S. dollar rose to a two-decade high as the beleaguered utility Eskom started its regular power outages. The South African rand also declined.
AS THE NAIRA RISES ON A PARALLEL MARKET, CBN REASSURES NIGERIANS ABOUT FOREIGN EXCHANGE
The forex market which has been a major trade of people in the country met a major setback in recent weeks by skyrocketing from a certain amount which was been traded before to another amount that got people in the country to fume. The CBN of the country which is also known as the bankers bank reassures the citizens that the naira will gain its value back.
Pakistan PM seeks Qatari investment in energy and aviation sectors
Pakistan Prime Minister Shehbaz Sharif travelled to Qatar on Tuesday in the hope of generating trade and investment for his cash-strapped country, his office and aides said.
How to Determine if an EA is Suitable for Live FX Trading
Finding the right EA that functions as well in the live currency markets as it does in the demo account is not a walk in the park, especially with so many companies and even individuals launching their own EA
Quick Forex Pyramid Scheme Facts: How a Fraudulent Broker Stole Billions in Asia
The currency market has long been a potential target for fraudsters, with a daily trading turnover of 6.6 trillion US dollars. For years, investors have lost thousands of dollars to money thieves. Pyramid schemes are the most common kind of currency fraud. Because such schemes operate in the same way as Multi Marketing Level (MML) organizations that promise bigger profits, determining whether it is a real setup or a fraud becomes tough. Investors with insufficient information are more likely to become victims of these robbers. In this essay, we will look at the pyramid scam and how to avoid falling for it.
FCA Warned EnclaveFX That They Have Been Receiving Withdrawal Complaints From Their Traders
EnclaveFX (https://enclavefx.com/) is a self-proclaimed world-class forex broker situated in London, England. The broker provides the most popular and tried-and-true trading tools for traders to invest in Forex, CFDs, commodities, and cryptocurrencies. Other features include four account kinds, several deposit alternatives, and an MT5 trading platform.
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