Category: Forex

January 25, 2024 BY Elizabeth Anderson

Microsoft’s brief brush with a $3tn market valuation

These movements show Microsoft’s tech giant standing is well-deserved. Its rival Apple Inc (AAPL) holds a market cap of just over $3tn and became the first company to achieve this. Microsoft is one of the so-called Magnificent 7 tech outfits that boosted over half of market gains last year. These companies –Microsoft, Apple, Meta Platforms…

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January 24, 2024 BY Elizabeth Anderson

Netflix’s surge in subscribers boosted 2023 Q4 revenue to $8.83bn

In 2022, the company forecasted a 9 million subscriber gain, which would bring approximately 30 million net additions for the full year. NFLX’s revenue reports surpassed Wall Street’s prediction of $8.71bn, instead showing a quarterly revenue of $8.83bn, a 12.5% increase compared to the same period in 2022.  The streaming giant sent waves through the…

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January 23, 2024 BY Simon Mugo

ATFX Rebrands Rakuten Securities Australia to AT Global Markets

ATFX to Relocate to a Larger Office in Sydney, Reflecting Company Growth ATFX is preparing to relocate to a more spacious office in Sydney in the upcoming second quarter as a testament to its ongoing expansion. This move symbolises the company's continuous growth and its dedication to delivering superior trading services to its clientele. Joe…

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January 23, 2024 BY Simon Mugo

MetaTrader 5 Launches an Integrated Payments System for Clients

The central strategy of MetaTrader 5 is to smoothly guide users from their first engagement, such as clicking a promotional banner, to executing their first trade. This is achieved by integrating functionalities that confirm contact details and allow the creation of both demo and preliminary real accounts within the platform. Now, users can verify their…

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January 23, 2024 BY Elizabeth Anderson

Weekly data: Oil and Gold

The most important economic data for this week are:  Tuesday:   BoJ Interest rate decision at 03:00 AM GMT. The market consensus is that the rates will remain static at -0.1%, while in the unlikely scenario any shift away from this figure will most certainly create volatility in the yen pairs.  Japanese Balance of trade at…

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January 23, 2024 BY Elizabeth Anderson

Archer-Daniels shares plummet as company puts its CFO on administrative leave

The organisation’s shares plummeted 24% after news hit the airwaves that CFO, Vikram Luthar, was placed on administrative leave as the firm investigates alleged accounting malpractices in its Nutrition division. Reportedly, after a US Securities and Exchange Commission (SEC) voluntary document request, ADM sliced its 2023 profit predictions and announced the delay of the publication…

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