Following N1,602.75/$1 on Friday, the naira rose to N1,572.86 per dollar on the official market on Monday, indicating a promising start to the FX market.
The Australian dollar and the Japanese yen saw a jump in volatility during Tuesday's Asian trading which assessed the monetary policy announcements released by the Bank of Japan (BoJ) and the Reserve Bank of Australia (RBA).
Bangkok, Thailand - March 23, 2024 - WikiFX, the renowned financial platform, hosted a highly successful event at the prestigious W Hotel in Bangkok, Thailand, on March 23, 2024. The event, held from 6:00 PM to 9:00 PM Thailand time, attracted over 140 esteemed guests from various sectors of the financial industry.
Major currency pairings start the week swinging in small ranges because market participants are reluctant to take large positions ahead of this week's important central bank meetings and data releases. During the European session, Eurostat will issue revisions to the February inflation figures. During Asian trading hours on Tuesday, the Bank of Japan (BoJ) and the Reserve Bank of Australia (RBA) will release announcements.
Stock prices dropped over most of Friday's session, and more selling has occurred since. Given that the major averages have continued to fall into negative territory, it is anticipated that the Nasdaq and the S&P 500 will close lower for the third day in a row.
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Consumer inflation in Japan accelerated to its fastest pace in four months, prompting market attention to whether the Bank of Japan might pursue additional interest rate hikes following its first hike since 2007.
The Two Firms are collaborating to boost trade liquidity in the Asia-Pacific area by establishing a Tokyo data center. This partnership offers Finalto with access to over 250 brokers and banks within the oneZero EcoSystem. With the inclusion of the Equinix Tokyo data center, Finalto's Asia-Pacific customers will have access to even additional liquidity sources.
Florida Forex trader Joseph Carvajales fined $3.4M for fraud, barred from trading, in CFTC case over illicit futures & forex scheme.
Investor relies on brokers to facilitate their transactions with integrity and transparency. Unfortunately, not all brokers uphold these principles, as evidenced by the disturbing experience of one investor with Hero Markets LTD.
Recently, reports have surfaced regarding scammers targeting users of Binance, one of the world's leading cryptocurrency exchanges. Despite the platform's stringent security measures, these scammers have managed to deceive users by posing as legitimate affiliates, ultimately leading to financial losses for the victims.
Victim exposes Ventezo for unauthorized withdrawal of $851.38, underscoring risks with unregulated brokers in the financial sector.
The Financial Conduct Authority (FCA) warned the public regarding InvestQHub. The FCA stated that InvestQHub is not authorized by the authority and advised individuals to be cautious.
On Wednesday, the Central Bank of Nigeria (CBN) reduced by 0.76 percent to calculate customs duties at the country's seaports and airports.
Mumbai's Unit 8 Criminal Department announces the arrest of two individuals involved in a forex trading fraud. Discover the details of the scam, the suspects in custody, and tips to safeguard against financial scams online. Stay informed and protect your investments.
Latest on the stablecoin market's impressive recovery and expansion, surpassing $150 billion. Explore Tether's dominance, USDC's growth, and challenges faced by other stablecoins like PYUSD and TUSD. Dive into the dynamics of this evolving crypto landscape and its significance in the broader cryptocurrency space.
Ambit Capital's deceptive practices have devastated investors, as promises of substantial returns turn into financial nightmares.
IC Markets, a prominent Australia-based retail FX and CFDs brokerage group, has partnered with Bloomberg Media Studios to launch the eagerly anticipated fourth season of IC Your Trade (ICYT), a renowned business vodcast offering valuable insights into the world of trading and finance.
Hong Kong's SFC warns of KKR Global, a fake firm on its suspicious trade platform list, tricking investors in crypto schemes. Verify before investing.
Australia-based retail FX brokerage group, IC Markets, has unveiled the commencement of its fourth season of IC Your Trade (ICYT) in partnership with Bloomberg Media Studios.