Have you or your friends ever experienced any of the above-mentioned circumstances? Maybe you remained silent and decided to give up any further attempt to recover your funds, or perhaps you took the broker’s words and believed that it was simply a temporary breakdown of the third-party channel that blocked your withdrawal? Perhaps you hadn’t lost the faint hope that you may eventually receive your money after waiting for a few days or a few months, or have you heard the broker had escaped and thought you could do nothing about the situation?
US Federal Reserve will soon release the minutes for October’s monetary policy meeting, which had directly led to the Fed’s third rate cut in the year- an action much in line with the market’s general expectations.
Some investors may remember AL-HIDAYAH, a broker that WikiFX visited in August. Although claimed to be located in room 14(B) &(C) at Financial Park Complex, Labuan, Malaysia, AL-HIDAYAH’s office turned out non-exist at the address. The office belongs to a management firm called Regus instead.
Japan has been the weakest major currency in the past month. Besides the rising market optimism over trade negotiation and Brexit which reduced demand for safe-haven assets, increase in the trading of Japanese stocks by overseas investors has been another notable factor weighing on the yen.
As the US stock market surges towards its all-time high, investors give up tracking long-term Treasury bonds and turn to risky assets instead.Data shows that the iShares 20+ year Treasury ETF is experiencing a record outflow in the recent week, with traders withdrawing more than US$1.2 billion.
Recently, WikiFX released the list of top 20 largest ad-spending brokers in November, 2019. Let’s take a look.
The fifth issue of the London Renminbi Business Quarterly Report, jointly released by the City of London and the People's Bank of China in Europe recently, showed that RMB’s average daily forex trading volume in Q2, 2019 reached a record high of 85 billion pounds, up 8.8% from the previous quarter and a 22.9% increase year-on-year.
Regulatory information shows that New Zealand forex broker ACH is located at Suite 1 Level 2, 20 Northcroft Street Takapuna Auckland, and WikiFX survey team recently visited ACH at the place.
At the beginning of 2019, Mr. Wu was attracted by the advertisement of KP he saw online and signed up at the broker to make investment. Unlike usual trading platforms, KP offers investors a cash account and a KP account. While both accounts will generate profits from spread trading, withdrawal can be made only through the KP account.
On our last investigation trip, we visited CIMB BANK in Malaysia and confirmed that the company is at the address from its regulatory information and is in business under LFSA regulation. As the “eyes” and “ears” of global investors, WikiFX team conducts spot check on forex brokers and record the results on WikiFX App for the reference of our clients.
Moody's Investors Service downgraded its outlook on India's ratings from “stable” to “negative”, citing rising risks to India's economic growth. Tumbling down to its lowest level in three weeks, the rupee fell as much as 0.5% against the US dollar to 71.31 at one point, the first decline in three weeks; the Indian stock market also dropped as the NSE index fell 0.4%.
Some Wall Street investment banks have begun to lay out their plans for euro ahead of time. The JPMorgan strategist team said they are looking for opportunities to long EUR/USD. Easing of the trade tension recently, as well as the prospect that Europe will adopt more fiscal policies should boost the euro.
Most investors familiar with forex trading may understand the significance of economic indicators- not only do these statistics reflect the macro-economy and currencies’ market trends in different countries, they also have much influence on investors’ trading decisions. Release of key economic indicators often increases market activities and thus influences the forex market.
According to regulatory information, GKInvest’s office is located at Multivision Tower Lantai 20, Jl. Kuningan Mulia Lot 9B, Kuningan Persada Complex, Jakarta Selatan, and WikiFX recently visited the broker at the location.
Recently, WikiFX received plenty of complaints against the forex broker Davinci, which is likely to have escaped after defrauding numerous investors. One of the victims Ms. Wang told WikiFX about her experience of being cheated by the broker.
At the turn of October and November, the forex market again sees great ups and downs as US released 2 major economic indicators, the latest Federal Reserve interest rate and the October non-farm payrolls. Besides the market fluctuation, investors also need to pay attention to what these two indicators say about the US economy and its future trend.
As Southeast Asia speeds up its pace of opening up its financial market to the world, forex trading has become a popular type of investment. The number of forex investors is growing every year as forex becomes increasingly available for people.
Coming to November, a series of major global events such as ECB President Draghi’s farewell speech, the Fed’s 3rd interest rate cut in the year and the general sluggish trend in global manufacturing continues to stir up the forex market. Here’s a quick look at what’s going on recently that may affect the forex trend.
In the last quarter of 2019, are you still considering where to invest your money? The illegal brokers, targeting investor’s mindset to make a fortune on the forex market, fan their anxiety of being “left behind” through advertising hype such as “precious metal continues to soar, it’s the perfect time for going long”, “profit effortlessly on the bullish gold market” or “start trading gold with only ¥1 through leverage”.
WikiFX | News 2019/12/10 9:48:19
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