Though euro is falling against US dollar towards a 3-year’s low, fund managers are stepping up their bullish bets on the euro.
Alvexo, owned and operated by VPR Safe Financial Group Limited (a limited liability company), is a forex and CFD broker licensed by the Cyprus Securities and Exchange Commission (CySEC). Headquartered in Cyprus on 1 Agias Fylaxeos Street, Limassol, Alvexo offers CFDs in more than 450 types of assets, including forex, stocks, commodities, indices and cryptocurrencies.
On October 31st, 2019, Ms. Ruan signed up at FXGM and deposited US$2,126, but she kept on losing money during the entire investment.
The rapid development of forex industry has also given rise to many problems and irregularities involving forex brokers both at home and abroad. Recently, WikiFX received investors’ complaints against the forex broker ABC 123 and decided to visit its office in Cyprus to find out more about the broker.
The first quarter of 2020 will undoubtedly leave a distinct mark in history. Less than 2 months into 2020, the global market has been under one shock after another: Australian’s unprecedented bush fire; the US’ air strike killing Iran’s senior military official; China’s raging coronavirus(2019-nCoV) outbreak that is fast spreading to other countries; and Britain’s historical leave from the European Union. In particular, China has been significantly affected by the 2019-nCoV outbreak as the world’s second-largest economy, while global economy has also felt considerable impacts.
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.
WikiFX | Exposure 2020/2/20 9:58:15
WikiFX | News 2020/2/21 10:12:14
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