“The war on inflation is not over; we have to remain alert" RBI Chief Shaktikanta Das said
India's inflation has moderated, but the central bank cannot be complacent towards easing price pressures yet as potential weather-related uncertainties linger, the governor of the Reserve Bank of India said on Wednesday.
Will the Federal Reserve cut interest rates within the year?
Since March of last year, the Federal Reserve has put an end to the four-year era of zero interest rates, signaling a path of rate hikes and implementing consecutive increases for over a year.
eToro added 44 new Australian stocks to its trading platform
eToro prestigious online broker , recently announced the addition of 44 new Australian stocks to its lineup of trading instruments.
Malaysian Police Bust ‘USDT-powered Crypto Exchange’ – Suspects ‘Sold Crypto to China’
Malaysian authorities have shut down an illegal cryptocurrency exchange facilitating USDT-to-cash conversions for Mainland Chinese customers. Forty individuals were arrested, and assets such as cash, gold, and luxury items were seized. The exchange is suspected of involvement in illegal online gambling. Stricter regulations are being implemented in Malaysia to prevent such activities.
FCA Warned against Two Unauthorised Brokers
On May 23, 2023, Financial Conduct Authority (FCA) warned investors against two unauthorized brokers. They are not FCA-licensed. Investors should exercise caution if they are dealing with these unregistered financial institutions.
GBP/USD Price Analysis: Descending Wedge Pattern Ahead of UK Inflation Data
The GBP/USD pair is in a consolidation phase as attention turns to UK inflation. Bank of England Governor Bailey emphasized the importance of using interest rate tools with caution. The pair is exhibiting a descending wedge pattern, with traders considering each retracement as a potential selling opportunity.
XTB Raises Dividend on Back of Record 2022 Profit, Bypassing Share Buyback
Poland-based FX and CFDs broker XTB.com has revised its 2022 profit distribution strategy, deciding to increase dividends to PLN 570.5 million by cancelling a planned share buyback. This decision aligns with its policy to return 50-100% of net profit to shareholders.
Plaid Partners with TradeStation for a Secure and More Efficient Client Journey
TradeStation Group, an online brokerage services provider, has partnered with data network provider Plaid. The collaboration allows users to securely link and fund their TradeStation accounts using Plaid’s API, enhancing user experience and security, and solidifying TradeStation’s growth and position in the trading industry.
Exness Wins Two Awards at Forex Traders Summit Dubai 2023
Exness, a leading forex broker, has won two prestigious awards at the Forex Traders Summit Dubai 2023. The summit is considered one of the most important events in the forex industry, bringing together traders, brokers, and experts from around the world.
How Brexit Affected the Forex Markets
The United Kingdom's decision to leave the European Union, commonly known as Brexit, had a profound impact on various industries, including the forex market. The uncertainty surrounding the negotiations and subsequent outcomes led to significant volatility and changes in currency valuations.
How to Avoid Scams as a Forex Trader in Europe
Forex trading in Europe offers lucrative opportunities, but it also attracts unscrupulous individuals seeking to scam unsuspecting traders. Protecting yourself from scams requires vigilance and knowledge of common warning signs. Here are some tips to help you avoid scams as a forex trader in Europe.
British Forex boss convicted for $62 million Ponzi-style fraud
According to report, a chief executive of a British foreign exchange company has been convicted in a London court for his involvement in a Ponzi-style scheme worth £50 million ($62 million), where he misappropriated investors' funds to finance his extravagant lifestyle.
The Traders Toolkit: Exploring the Top 10 Best Trading Patterns
This article outlines the top ten most commonly used trading patterns, including Head and Shoulders, Double Top and Bottom, Cup and Handle, Triangle, Flag and Pennant, Wedge, Candlestick Patterns, Fibonacci Retracement, Elliott Wave Theory, and Harmonic Patterns. These patterns aid in predicting market trends, facilitating strategic trading decisions.
Former Director of CWM Guilty of £70M Fraud!
A British foreign exchange company executive has been found guilty in a London court for his involvement in a £70 million Ponzi-style fraud scheme, wherein he misused investors' funds to fund a lavish lifestyle, leading to his conviction on charges of fraud, fraudulent trading, and money laundering.
Natural Gas Shows Signs of Base Formation: Recovery Ahead?
The recent increase in natural gas prices suggests a potential recovery, but setbacks are possible. Factors include reduced Canadian gas exports due to wildfires, lower wind power generation, and decreased drilling activity. Technical analysis indicates resistance levels and diminishing downward pressure. Maintaining support above 2.03 is crucial for sustained upward movement.
Malaysia’s SC Takes Action Against HUOBI
The Securities Commission (SC) of Malaysia has taken action against Huobi, a prominent cryptocurrency exchange, and its associated brands for conducting unlicensed capital market activities, leading to the order for Huobi Global Limited to cease its operations in the country and the discontinuation of advertisements targeting Malaysian investors.
Uncertain US Debt Ceiling Landscape Impacts Asian Stock Gains
Asian equities fell amid uncertainty over the U.S. debt ceiling dispute. Despite no agreement on raising the $31.4 trillion debt ceiling, talks continue. Data showed Japan's manufacturing activity expanded, indicating post-COVID-19 recovery. Brent crude futures rose while spot gold prices fell. Investor focus is on U.S. economic data and potential Federal Reserve decisions.
WikiFX Listed: The Best International Brokers for Global Trade
WikiFX provides a list of top international brokers including XM, Rakuten Securities, and IC Markets, among others, enabling global trade for individuals and businesses. It also guides on opening international brokerage accounts, warns against cloned brokers, and verifies regulatory statuses of brokers.
ASIC suspends AFS licence of Huntley Management Limited(HML)
ASIC has suspended the Australian financial services (AFS) licence of Huntley Management Limited (HML) for 12 months, effective 21 March 2023. HML has held AFS licence no. 229754 since 7 January 2004.
FCA Issued a warning against SETUPSFXTRADING & DEVON FINANCE FX
On 22 May,2023 Financial Conduct Authority (FCA) has issued a warning against SETUPSFXTRADING & DEVON FINANCE FX brokers. Thse broker is not licensed to carry out regulated activities in the UK.
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