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Nigerians mourn as Naira exchange rate rises to N652 at the black market

Nigerians have cried out loud over the weekend across the internet as the naira exchange rate to the US dollar rose to its highest point since 1966. The Naira exchange rate to the US dollar rose to N652 per dollar at the black market on Friday. This marks a decline by N32 compared to the exchange rate of N620 witnessed the previous week. Thus, Naira could be said to have lost 6.07% value last week alone.

News 2022-07-25 16:58

WikiFX Review: things you need to know about Pandora Finance

Today, WikiFX is going to review a forex broker named Pandora Finance (pandorafxco.com) for investors and traders.

Exposure 2022-07-25 16:50

Is FVP Trade ready to abscond with the money? Many Chinese victims had their funds frozen

FVP Trade is an online forex broker offering financial instruments to its clients across the globe. Recently this broker is on the trend in the forex markets. And we find out that the freezing of funds of FVP Trade has caused quite a stir. Some Chinese victims also exposed FVP Trade to WikiFX as they cannot withdraw. In today’s article, we will discuss the experience that the Chinese victims met when they invest in FVP Trade.

Exposure 2022-07-25 16:48

Take Five: It’s a Fed hot summer

A likely second straight 75 basis point rate hike from the U.S. Federal Reserve will keep markets on their toes in the week ahead, just as investors digest a wave of earnings from corporate America and Europe.

News 2022-07-25 16:47

Singapore June core inflation hits 13-year high, tightening risks in focus

Singapore’s key consumer price gauge rose in June at its fastest pace in more than 13 years, driven by higher inflation across a broad set of categories including services, food, retail and utilities, official data showed on Monday.

News 2022-07-25 16:30

Factbox-Australian miners warn of labour shortage, higher costs

Australian mining firms said a dearth of skilled labour hit output and warned of lower production in fiscal 2022 and 2023, while also grappling with a surge in costs.

News 2022-07-25 16:15

Experts proffer local production as solution to inflation, forex crisis

Experts have harped on the need to boost local production to mitigate challenges of inflation and forex fluctuations. They urged the government to offer assistance and create avenues that promote sourcing of materials locally.

News 2022-07-25 15:49

Morgan Stanley expands listed FX offering with Eurex trading

Morgan Stanley has expanded its presence in the growing listed foreign exchange derivatives space, announcing it is offering clients the option to trade listed FX through the Eurex platform.

News 2022-07-25 15:42

Another Case of FVP Trade | Unable to Withdraw & Account Freezing

It is allegedly reported that FVP Trade froze its clients' accounts with the “excuse” to prevent money laundering activities amidst their system upgrade. Today’s article, WikiFX will be exposing another real-life case that was submitted by a trading client of FVP Trade from India.

Exposure 2022-07-25 15:26

BTC/USD Forecast: Bitcoin Gives Up Early Gains

Even if you do not trade Bitcoin, you need to pay close attention to what it is doing to understand what other crypto markets may do.

News 2022-07-25 15:09

Attention! CySEC Withdraws CIF License of Finteractive Ltd (FXVC)!

FXVC is still a risky business, especially for clients from Cyprus and Europe.

News 2022-07-25 14:21

Kazakh central bank seen keeping policy rate at 14%: Reuters Poll

Kazakhstan’s central bank appears likely to keep its benchmark interest rate at 14% on Monday as inflationary risks remain elevated, according to analysts surveyed in a Reuters poll.

News 2022-07-25 13:52

Strong dollar looms over U.S. earnings season

Companies reporting earnings in coming weeks are likely to mention one common factor gouging their results: the strong dollar.

News 2022-07-25 13:47

Exposure: A Trader's Withdrawal Declined by Wealth Sailing Forex

"I know I can't get my money back, so I hopefully this will help others not fall into this scam." After knowing that he had been scammed by Wealth Sailing Forex

News 2022-07-25 11:30

Omega Pro's The Rise of Digital Billionaires 2.0

Omega Pro has been sailing toward global financial markets since its creation in 2019 to research, educate, promote, and lead the community towards financial independence. Omega Pro has effectively given birth to fresh prospects that are constantly ahead of the curve and often helpful and committed to your desire.

News 2022-07-25 11:24

Regulators Warn Clients to Avoid Trading with FXGiants

Has your broker scammed you? If so, you are not alone. While there are many legitimate financial intermediaries in the forex market, scammers also exist in abundance. Today, we discuss FXGiants to help you know if it is worth signing up?

News 2022-07-25 11:23

Things to Consider When You Choose a Broker

To trade forex, you need a platform or which you know as broker. However, there are literaelly hundreds of brokers out there that offer forex trading platform. Now, we are going to give you some things to consider to make it easier for you to choose the best broker.

News 2022-07-25 11:11

Forex Trading Strategy You Must Consider

If you think you’re ready to plunge and start real-time trading, you should choose a forex trading strategy. There’s a huge amount. You can choose the forex strategy. This is because investors, speculators, companies and banks have been trading for decades.

News 2022-07-25 10:56

5 Reasons to Get You Started Trading Forex

It’s the fourth month of 2022 already and you haven’t started to trade forex? If you need some encouragement, we have the perfect five reasons that should be enough to get you involved

News 2022-07-25 10:53

Starting Forex Trading: Creating A Profit Plan

A key factor in building a successful and profitable trading career is making your own plans. Your transaction plan will provide a good framework for guiding ever-changing currency prices to profit.

News 2022-07-25 10:48
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