OneD Battery Sciences and Koch Modular to boost silicon-graphite anode material production LeapRate

January 18, 2024 BY Elizabeth Anderson

OneD Battery Sciences and Koch Modular to boost silicon-graphite anode material production

This material is used in the batteries of these automobiles. OneD is among the startups that develop silicon anode materials. Others in this arena include GDI, Nexeon, and Sila Nanotechnologies. Reportedly, the silicon anode works better than the pure graphite EV batteries. Data shows that China processes more than 90% of the global graphite supply…

January 17, 2024 BY Elizabeth Anderson

Gold Declines Over 1% as Dollar Strengthens and Yields Surge in Response to Hawkish Fed Remarks by Waller

According to a Reuters report, spot gold was down by 1.3%, reaching $2,027.26 per ounce, following three consecutive sessions of gains at 2:36 p.m. E.T. (19:36 GMT). U.S. gold futures also settled more than 1% lower at $2,030.2. A senior analyst at Kitco Metals, Jim Wyckoff, commented: Strong gains in the U.S. dollar index are…

January 17, 2024 BY Elizabeth Anderson

Weekly data: focus on inflation

There was no significant activity among major central banks last week, but expectations of a single cut by the Federal Reserve (‘the Fed’) at the end of this quarter remain high. According to CME FedWatch Tool, around 55% of participants expect five cuts to the funds rate between 20 March and 18 September, which would…

January 16, 2024 BY Simon Mugo

Saxo Bank and FairExchange Partner for Liquidity Purposes

FairXchange focuses on ensuring FX trading remains commercially viable for all parties, both on the buy-side and sell-side. The partnership underscores both entities' commitment to leveraging data-driven insights in their engagement with Liquidity Providers (LPs) and improving liquidity to Saxo Bank's and its clients' advantage. Guy Hopkins, CEO and Founder of FairXchange welcomed Saxo Bank…

January 16, 2024 BY Simon Mugo

Brokeree Solutions Launches an Innovative 'Prop Trading' Product

The web-based solution seamlessly integrates with popular trading platforms like MetaTrader 4 and 5, offering comprehensive dashboards for tracking trader performance from registration to managing funded accounts. Andrey Kamyshanov, Co-Founder and Managing Partner of Brokeree Solutions expressed confidence in Prop Pulse's ability to empower brokers in the proprietary trading sector, citing its comprehensive features that…

January 16, 2024 BY Elizabeth Anderson

Economists gather at Davos to discuss global outlook

The survey, conducted at the beginning of each year before the World Economic Forum's (WEF) annual meeting in the Swiss resort of Davos, collects data from over 60 chief global economists in both public and private sectors and aims to educate policymakers on worldwide economics. Many of the surveyed experts noted that the disruptive impact…

January 16, 2024 BY Elizabeth Anderson

China’s economy slow off the mark in 2024

Chow Tai’s managing director, Kent Wong, noted that consumers and investors alike are turning away from precious jewels and instead opting for gold consumption, a move that suggests little confidence in national and global financial stability. Although gold purchases are increasing as diamond and gemstone sales decrease, Wong’s statement suggested that consumer confidence would return…

January 15, 2024 BY Simon Mugo

Vantage Unveils New Website as Part of “New Year, New Look”

In a press release, Vantage disclosed its intentions to reinforce its market position among FX/CFD brokers through this website overhaul. The upgrade not only introduces new features but also rejuvenates the existing interface. Marc Despallieres, the Chief Strategy and Trading Officer at Vantage emphasised that this move aligns with their ethos of 'trade smarter @vantage'.…

January 15, 2024 BY Simon Mugo

SAXO Bank Slashes Fees for Australian and US Market Trades

Clients of Saxo will now enjoy a substantial reduction in brokerage fees, with cuts of up to 87% for US market trades and up to 62% for trades on the ASX. This adjustment means that trading fees for US equities could go as low as USD 1, for UK equities as low as GBP 3,…

January 15, 2024 BY Elizabeth Anderson

Exness joins iFX EXPO Dubai 2024 as Official Global Partner

Taking place on 16-18 January 2024 at the Dubai World Trade Centre, Za’abeel Hall 6, iFX EXPO 2024 is set to be the largest industry event in the Middle East, featuring over 100 speeches and over 3,500 attendees. The event is renowned for its engaging content, networking opportunities and valuable business tools aimed at assisting…

Category: Forex