Morgan Stanley believes that the euro will see a strong rally in 2020 under multiple factors. Compared with the United States, which may slow down further in 2020, the Eurozone may do significantly better than the relatively low market expectation by showing a strong economic rebound.
The world’s largest hedge fund Bridgewater spent US$1.5 billion, or 1% of the assets under the company’s management, on put options that bet on a bearish global stock market in the next 3 months.
Regulatory information suggests the office of Kresna Futures in Indonesia is at Kingland Tower, 2nd Floor 18 Parc SCBD Jl. Jend. Sudirman Kav. 52-53 Jakarta Pusat, and WikiFX recently visited the broker at the site.
The cunning illegal broker swindled investors by claiming that they can achieve “financial freedom” under the instructions of signal providers; while investors appeared to be profiting, they actually suffered losses in trading. Recently, Mr. Chen shared his experience of being defrauded by the illegal forex broker Kainos.
On November 24th, 2019, WikiEXPO successfully wrapped up at Marriott Marquis Queen’s Park Hotel in Bangkok, Thailand. With over 5,000 attendees, over 30 forex brokers and 30 well-known keynote speakers of the forex industry, the event has been a roaring success. With its constantly growing influence, WikiEXPO aspires to join hands with investors and forex professionals to create a safer forex investment environment.
Brokers on the forex market always strive to present their clients a perfect image, but sometimes such a flawless image may turn out to be a lie. Recently, Mr. Liu told WikiFX about how ATRI, a deceptive illegal broker, had rejected his withdrawal and suspended his trading account for no reason.
Near the end of the year, many renowned brokers on the forex market are starting to release their financial statements. According to the latest 6-month data recently released by the Bank for International Settlements, the nominal value of forex derivatives totaled US$99 trillion by the end of June, 2019. Overall, nominal value of OTC derivatives reached US$ 640 trillion, up 17.6% from the US$ 544 trillion at the end of 2018. But amid the generally growing trend of the forex market, not every broker’s financial statement reveals good news.
Although major events in 2019 such as international trade tensions and Brexit have hit the global forex market, causing fluctuation in some currency pairs, the general volatility of G10 currencies year to date has been significantly lower than previous years. Unless December sees some serious“black swan events”, the forex market may experience its lowest volatility since 1996 in this year.
Japan cut holding of US Treasury Bonds by US$28.9 billion in September, yet remains the top non-US holder of Treasuries that it first became in June, 2019.
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.
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