Many fear that this will negatively impact forex (FX) trades. Bloomberg reported that these currency transactions need about two days to go through and would now have to speed up, which may cause currency bottlenecks at the day’s end and botch some trades. CLS Group Holdings AG, a world leader in FX settlements, indicated that…
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In a press release, ICC Americas (an international cricket administrative body spanning across the Americas) addressed the positive impact of this new sponsorship on community engagement, ethical business practice and social initiatives. ICC Americas noted how FP Markets’ donation and support of youth development will empower young children and adolescents through education and physical activity.…
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Robinhood’s General Manager, Johann Kerbrat, said that the EU was selected as its “anchor” region for international expansion due to its highly developed crypto laws and regulations – this includes the comprehensive Markets in Crypto-Assets (MiCA) Act. Robinhood believes adhering to these stringent regulations will make its product more appealing to a European audience. Don’t…
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The yen climbed its highest in one day for almost a year against the euro on Thursday, which was hit by some minor losses. BOJ Governor Kazuo Ueda addressed the options available to the BOJ, which entail paring back on interest rate hikes, cutting short-term borrowing costs or pushing the yen higher with further rate…
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On Monday, the Japanese Nikkei settled at a 0.15% increase after riding crests not experienced since 1990. As this index is up by an estimated 28% so far this year, it is the strongest performer in the Asian stock market. Similarly, the CSI300, China’s blue-chip index, rose by 0.66% and the Hong Kong Hang Seng…
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The Mini Account effectively lowers the barriers of entry for new traders with a minimum deposit requirement of just $10 and offers a comprehensive trading environment encompassing 50 of the most popular financial instruments across FX, indices, precious metals, energies & cryptocurrencies. Accommodating the needs of its diverse clientele, ThinkMarkets has optimised the Mini Account…
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The focus for the Fed’s press conference on Wednesday night is on whether there’s any hint about a hike in the fourth quarter. Traders mostly expect this to be the last hike of this cycle for the moment, but it’s likely that the consensus will change at least slightly after Jerome Powell’s comments. Friday’s PCE…
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On the technical side, the price on the chart is currently in a correction status after reaching a yearly high of around $1.31. The Stochastic oscillator is in the extreme overbought levels for the last 10 sessions indicating that a correction to the downside might still have some more power into it. On the other…
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Technical View: Markets to Watch for the Week Ahead Currencies: US Dollar Testing Monthly Support It has been quite a week for the US dollar. Consistent with the US Dollar Index—a geometrically-weighted average of the dollar’s value against a basket of six major currencies, including Europe’s single currency—the greenback plunged -2.3% last week, marking its…
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Short-Term Price Action Edging North of $1.31 As evident from the H1 timeframe, buyers and sellers are squaring off around the $1.31 level, following the (almost) one-sided push north after retesting the widely watched $1.30 psychological base in early London. Overhead resistance is at $1.3154, while support can be seen at $1.3055, together with a…
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