FOREX TODAY: AHEAD OF MID-TIER DATA, THE US DOLLAR RETREATS FROM MULTI-MONTH HIGHS.
During Thursday's early European session, there is still some selling pressure on the US dollar (USD). Weekly Initial Jobless Claims, the Philadelphia Fed Manufacturing Survey for April, and March data on Existing Home Sales are all available on the US economic calendar. During American trade hours, a number of Federal Reserve (Fed) policymakers are expected to give lectures.
EXPERTS SAY NIGERIA CAN INCREASE FOREIGN EXCHANGE REMITTANCES BY LOWERING TRANSACTION COSTS.
The foreign exchange market, often known as the currency market, FX is a worldwide decentralized over-the-counter (OTC) market where currencies are traded. The foreign exchange rates for each currency are set by this market. It covers every facet of purchasing, selling, and converting currencies at established or current rates. It is by far the biggest market in the world in terms of trade volume, with the credit market coming in second.
End of USD Dominance Amid Escalating Geopolitical Risks
After Israel's retaliation, currency markets face volatility, reflecting geopolitical tensions and influencing global currency forecasts.
ASIC cancels AFS license of JB Markets
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CLONE FIRM ALERT
Pay notice, investors. Avoid Forexeze's clone firm. The UK's Financial Conduct Authority (FCA) warned against Forexeze's imitation firm. If you are involved in the Forex market, you must visit the FCA's website daily or WiKiFX, as we regularly update which firms have been deemed unauthorized by the FCA.
Morgan Stanley Fined $90,000 for Supervisory Failures
Morgan Stanley was fined $90,000 for failing to supervise employee trading activities on NEX SEF, underscoring the importance of robust oversight in financial markets.
TradingView Bolsters Analysis with NSE Options Data
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The investor's greatest enemy - your own brain.
For a deeper understanding of why investors make irrational decisions, considering the human brain and its responses to pleasure and pain is enlightening.
FOREX TODAY: TO START THE WEEK, GOLD REACHES YET ANOTHER RECORD HIGH.
After rising more than 4% the week before, gold maintained its positive momentum and reached a new all-time high above $2,350 at the weekly beginning. The European economic schedule will include Sentix Investor Confidence data for April, and on Monday there won't be any high-impact data releases in the US agenda.
FOREX TODAY: AHEAD OF THIS WEEK'S MAJOR EVENTS, MARKET ACTIVITY SLOWS DOWN
Major currency pairings move in predictable ways early on retreat in anticipation of fresh stimulus. During the European session, the European Central Bank (ECB) will release the Bank Lending Survey data. The RealClearMarkets/TIPP Economic Optimism Index for April and the NFIB Business Optimism Index for March will be included in the US economic docket later in the day.
FOREX TODAY: AFTER THE CPI-DRIVEN USD RISE, ALL EYES ARE ON THE ECB'S POLICY PRONOUNCEMENTS.
The robust inflation figures released on Wednesday led to significant gains for the US Dollar (USD) relative to its competitors. Following the conclusion of its April meeting on Thursday, the European Central Bank (ECB) will make announcements regarding its monetary policy. Meanwhile, the US economic docket will include the Producer Price Index (PPI) figures for March along with the weekly data on Initial Jobless Claims.
FOREX: CBN MAKES DEMANDS ON BUREAUX DE CHANGE OPERATORS
The Central Bank of Nigeria (CBN) should issue a directive mandating non-oil exporters to hold foreign currencies for a minimum of 48 hours, according to a proposal made by the Association of Bureaux de Change Operators of Nigeria (ABCON).
Investor Scammed as Orfinex Withholds Funds and Negligently Trades Accounts
In a distressing turn of events, Mr. Ninonuevo, a 54-year-old investor from the Philippines, finds himself embroiled in a financial quagmire after transferring his accounts from Vllado to Orfinex, only to face rejection of Know Your Customer (KYC) procedures and subsequent withholding of funds by the latter. This alarming revelation has left Mr. Ninonuevo and other members of Intersphere Enterprises (ISE) in a precarious position, unable to access their transferred funds as initially promised by Orfinex.
The Funded Trader: Relaunch or Closure?
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"Fake broker, Fake website" User accused
A user from India filed a complaint against FazoFx. The complainant wrote, “In February, I got a random call. He asked me to open an account with FazoFx. He said he would handle my account, and profit sharing would be 50%.
Binance Secures Key License in Dubai's Crypto Hub
Binance, the world's leading exchange, secures a pivotal license in Dubai's cryptocurrency landscape, shaping the future of regulation.
Hedge Funds Boost Gold Investments Amid Inflation Surge
Explore how hedge funds increase gold investments as inflation rises, with prices reaching record highs and predictions exceeding $2,600 by 2025.
eToro Added 509 Fresh Stocks and ETFs
eToro, an online broker, introduced 509 stocks and ETFs to its huge investable pool.
WikiFX Broker Assessment Series | Is Thaurus Okay to Invest in?
This article is about a broker called Thaurus. Is this platform trustworthy? WikiFX made a comprehensive review of this broker, hoping you have a clue to make a wise decision.
PSEi Rallies Amid Rate Cut Hopes; Peso Dips Slightly
PSEi climbs back over 6,500, boosted by rate cut expectations and the IMF's optimistic growth forecast, while the peso sees a minor decline.
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