As with many industries, the fast growing forex industry also has plenty of predators, who look to take advantage of newcomers. These illegal brokers target the typical mindset of investors to make money quickly and induce investors to engage in unregulated or high-risk investments, causing them heavy losses. Recently, an investor from Saudi Arabia told WikiFX about how he was defrauded by the illegal forex broker D24FX, as well as his difficult experience in trying to recover the lost fund.
When it comes to the future of European capital market after Brexit, Britain and the European Union had not seen great disputes as they did over other issues. But the situation is changing now.
The US S&P 500 and Nasdaq have hit new closing records for the third consecutive trade session, while the Dow Jones last closed at a r
ASKAP FUTURES is the first futures brokerage firm that was officially recognized by the Indonesian government. Although the country’s financial regulation remains to be improved, we still hold high expectation for ASKAP FUTURES, which we set out to visit on this trip.
On Thursday, British Chancellor Sajid Javid suddenly resigned from the post that he was appointed to only 6 months ago. More importantly, the British government has scheduled to release its first budget plan after Brexit in March and the Chancellor’s resignation at such a crucial moment seems to imply severe conflicts within the Downing Street.
The euro has been in a declining trend recently, falling against US dollar for 8 consecutive trading days since January 31st , 2020. Technically, the euro may be slightly oversold, and 1.0880 is a key support level for EUR/USD.
On January 30th, 2020, local time World Health Organization Director General Dr Tedros Adhanom Ghebreyesus held press conference in Geneva and announced the Novel Coronavirus(COVID-19) outbreak to be an public health emergency of international concern(PHEIC). The economic cost of this raging epidemic is growing in China as well as other parts of the world.
In early February, WikiFX rolled out its first branding campaign in Larnaca International Airport, the largest aviation hub in Cyprus, in order to better serve Cyprus forex industry by linking local forex brokers and investors.
As of February 4th, 2020, speculative net longs in USDX increased by 700 to 17,133 contracts, among which speculative longs grew by 1,648 to 29,964 contracts.
The conflict between US and Iran at the beginning of 2020 has driven gold price to a seven-year’s high, and the continuously spreading novel coronavirus in the past few weeks has triggered the market’s apprehension, driving global investors into the safe-haven of gold. In addition, as the market expects the Federal Reserve to keep interest rate at the current low level, market capitals poured into bullion-backed exchange-traded funds(ETF), and gold reserve of global exchanges has reached a record high in many years.
Statistics from the US Department of Labour show that US Nonfarm Payroll increased by 225,000 in January, 2020, exceeding the market’s estimation of 165,000 and December’s 147,000 after revision while being significantly higher than the 175,000 of the same period last year.
Recently the pound plunges into a seesaw battle, with increasingly improved economic data and people’s concern that the terms about future relationship between the pound and the EU would harm the British’s prospect.
On February 5th, the exchange rate of USD against JPY reached 109.72, a record high since January 23th. The deputy governor of Bank of Japan said if the economic recovery in Japan stops, BOJ will increase the economic stimulation, and he warned that the public health emergency in Asia may harm business confidence and global trade.
The exchange rate of AUD against NZD fell 5% after reaching the highest point in last November. And whether the tendency this week is strengthened or not, which draws close attentions from investors.
A controversial new rule being implemented by Donald Trump will pave the way for the US to impose punitive tarrifs on the goods from countries with undervalued exchange rate, said the US department of commerce.
During Chinese Spring Festival Holiday(January 24th to 31th), the global financial market suffered great volatility due to the outbreak of public health emergency. Risky assets including stock fell, with A50 Index dropping 7%, Hang Seng Index 5.7%, Dow Jones Index and S&P 500 Index over 3%. Meanwhile, crude oil and base medal were in a downturn, and U.S. treasury’s yield suffered the biggest decline of 13%.
The first month of 2020 had been a good start for gold. Escalating tensions between US and Iran, growing possibility for the Fed’s rate cut due to the country’s economic growth at a 3 year’s low, economic outlook dampened by public health emergency and bullish sentiment on the demand for physical gold, all these factors have fueled into gold’s surge.
According to latest statistics, speculative net long in USDX fell by 323 to 12,940 contracts. Speculative longs decreased by 256 to 25,334 contracts, while speculative shorts increased by 67 to 12,394 contracts.
Britain has officially left the European Union on January 31st , 2020, and will soon start negotiations with the European Union regarding bilateral relations in the future. It is believed that Brexit will cause negative impacts on the European Union in multiple aspects.
Latest statistics show Australia’s annualized CPI from Q4, 2019 to be 1.8%, lower than the central bank’s 2%-3% long term target range, which the inflation fails to reach ever since 2017.
WikiFX | Industry 2020/6/2 2:04:27
WikiFX | Industry 2020/6/2 0:30:00
WikiFX | Industry 2020/6/1 22:06:43
WikiFX | Industry 2020/6/1 17:07:36
WikiFX | Industry 2020/6/2 23:00:00
WikiFX | Industry 2020/6/3 7:47:44
WikiFX | Industry 2020/6/3 10:16:13
WikiFX | Industry 2020/6/3 10:33:27
WikiFX | Industry 2020/6/1 17:45:05
WikiFX | Industry 2020/6/4 1:05:18
The Database of WikiFX comes from the official regulatory authorities , such as the FCA, ASIC, etc. The published content is also based on fairness, objectivity and fact. WikiFX doesn't ask for PR fees, advertising fees, ranking fees, data cleaning fees and other illogical fees. WikiFX will do its utmost to maintain the consistency and synchronization of database with authoritative data sources such as regulatory authorities, but does not guarantee the data to be up to date consistently.
Given the complexity of forex industry, some brokers are issued legal licenses by cheating regulation institutes. If the data published by WikiFX are not in accordance with the fact, please click "Complaints "and "Correction" to inform us. We will check immediately and release the results.
Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.
Special Note, the content of the Wikifx site is for information purposes only and should not be construed as investment advice. The Forex broker is chosen by the client. The client understands and takes into account all risks arising with Forex trading is not relevant with WikiFX, the client should bear full responsibility for their consequences.
China Hong Konghk.wikifx.com
China Hong Konghk.wikifx.com