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Euro rallies after report that bigger ECB rate hike is on the cards
The U.S. dollar hovered on Tuesday just above a one-week low reached overnight versus major peers as markets reduced the odds of a percentage-point Federal Reserve rate hike this month.
Delta Air Lines to buy 12 A220 aircraft from Airbus
Delta Air Lines will buy 12 new A220-300 aircraft from European planemaker Airbus, the U.S. carrier said on Tuesday.
Activist fund Bluebell targets board changes at Richemont
Fund manager Bluebell Capital Partners has asked Compagnie Financiere Richemont to broaden representation on its board of directors, the Swiss luxury group said on Tuesday.
South Africa's introduction of a new "currency"
The establishment of a new "currency" in South Africa, post-pandemic employment stability, is a significant finding from the 2022 Sanlam Benchmark Survey.
FOREX SCARCITY AND UNCONTROLLABLE INFLATION THREATEN NIGERIA'S ECONOMY
There was a time when Nigeria demonstrated resilience in the face of inflation, but that is no longer the case, owing to the age of terrible money politics that has characterized the political arena as the country approaches the general elections in 2023.
FVP Trade: A Ponzi Scheme You Need to be Aware of
FVP Trade is a CFD broker that has recently gained the attention of the WikiFX investigation team as we have been constantly receiving complaints regarding the true nature of this broker. It is suggested that FVP Trade is a Ponzi scheme in disguise and today WikiFX is going to unveil the truth.
Warning from three major regulators! Beware of the TradingTeck scam!
As mentioned above, several regulators have warned against TradingTeck, including the UK FCA, MAS and LB, the central bank of Lithuania.
Dollar dips as rate hike bets ease B
The U.S. dollar slipped to a one-week low against a basket of currencies on Monday, from the two-decade high hit last week, as traders pared bets on how aggressive the Federal Reserve would be in raising rates at its meeting later this month.
IBM beats quarterly revenue estimates, warns of $3.5 billion forex hit
IT hardware and services company IBM Corp beat quarterly revenue expectations on Monday but warned that the hit from forex for the year could be about $3.5 billion due to a strong dollar.
Bank Indonesia to hold rates in July, calls for a hike grow louder
Bank Indonesia is likely to hold rates at a record low on Thursday, but one in three economists polled by Reuters expected a 25 basis-point hike to shore up the rupiah currency and guard against capital outflows stemming from aggressive
WikiFX Exposure: Beware of FVP Trade Suddenly Claimed About Funds Freezing
FVP Trade, a trading broker, sent a notice on its website yesterday stating that its money has been blocked and should not be used to aid any of its traders.
Dow Jones Technical Analysis: Index Rising Cautiously
The Dow Jones Industrial Average rose during its recent trading at the intraday levels, breaking a series of losses that continued for five consecutive sessions, achieving gains in the last of them by 2.15%. The index gained about 658.08 points and settled at the end of trading at the price of 31,288.26, after it declined in trading on Thursday by -0.46%, to close the week with losses of -0.17%
WikiFX Review: why Bitorex is not a reliable broker
WikiFX will tell you in the following article why you should exert caution when trading with Bitorex.
Understanding the risk involved in CFD trading: A guide for all Nigerian Forex traders
CFD trading has become the most prevalent form of forex trading across the globe. Forex traders in Nigeria are predominantly attracted to CFD trading due to the juicy leverages offered by brokers for trading all the financial instruments as CFD. While CFD trading could easily help traders to multiply their profits using small capital. Yet the risk involved in using high leverages in CFD trading must never be neglected. Just as one could gain huge profits from CFD trading, he can lose as much - not excluding losing his entire trading capital. Forex traders are expected to understand the risk involved in CFD trading before taking positions in the market. This work is a useful guide for all forex traders to understand the risk involved in CFD trading.
Do forex traders pay tax in South Africa
Forex trading is a legal business across the globe. It is very legal to trade forex today in South Africa without any hindrance. However, all forex traders in South Africa are expected to pay tax on all their capital gains from forex trading. To avoid monthly payment of taxes on all income from forex trading, South African traders are expected to register themselves as provisional tax payers which enables them to pay taxes after every six months.
Is TriumphFX on the verge of collapse? Victims reported that it delayed investors' withdrawal
Recently, TriumphFX has been accused of delaying investors’ withdrawal. Many traders feel upset about this broker as they cannot get their money back. Many people start to question the reliability of this broker.
WikiFX Review: Why is the WikiFX score of XTRADE reduced recently?
XTRADE has more than 10 years of experience in the forex market. It is an online forex broker offering a wide range of financial instruments, including commodities, forex, indices, etc. However, recently we find out that this broker’s score is reduced and many traders feel upset about XTRADE. We are curious about the situation that XTRADE is currently in. Therefore, WikiFX made a comprehension review on this broker to help you better understand the truth, we will analyze the reliability of this broker from specific information, regulation, exposure, etc.
Gold Technical Analysis: Gold Preparing for Buying
Gold futures failed to join the general market rally at the end of last week's trading, as a slew of positive economic data lifted investor sentiment. Stock traders flocked to better-than-expected numbers, as well as consumers' heightened expectations for the economy. The price of XAU/USD gold fell to the support level of $1697 an ounce, the lowest in ten months, and closed last week's trading around the level of $1707 an ounce. Accordingly, the yellow metal recorded a weekly loss of more than 2%, in addition to its decline since the beginning of the year 2022 to date by 7%.
You Must Avoid These 12 Trading Mistakes To Become A Great Trader
Most people can't resist the need to trade, so they make up reasons to do so or create bogus trading signals. You'll never make consistent money trading markets until you learn to be disciplined and stop overtrading.
For Beginners: What is a Forex PAMM account?
If you pay attention to the official website of these large and medium-sized foreign exchange brokers, you can find that among their products and services, it is not uncommon to find a PAMM account as one of their offers. In this article, we will be talking about the PAMM account in depth.
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