Category: Forex

XTB
January 08, 2024 BY Simon Mugo

XTB Launches New ETF Passive Investment Plan in the UAE

The Investment Plans feature pre-made portfolios, allowing investors to easily access ETFs with allocations automatically managed based on their risk preferences. With plans starting at just $15, investors can combine up to 9 ETFs covering a diverse range of assets and geographies. This product is particularly tailored for individuals seeking passive investment options without the…

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IG Group office1
January 05, 2024 BY Simon Mugo

Eren Eraslan Appointed As Head of IG’s Northern Europe Unit

The above role allowed him to significantly influence the firm's growth and strategy in these regions. His tenure at IG Deutschland lasted for over a year and eight months, during which he proved his leadership abilities and contributed substantially to the firm's development. Since December 2023, he has taken up the mantle as Head of…

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January 05, 2024 BY Elizabeth Anderson

Asian stocks performance trips up global equities

According to Reuters data, the MSCI’s Asia-Pacific shares index recorded a 0.18% Hang Seng (.HSI) decline during Friday morning trades. The MSCI’s world index performance displayed no drastic fluctuations and is set to close the week on a 1.7% negative. An exception to these mediocre movements, the Japanese Nikkei (.N225) was up by 0.5% following…

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January 04, 2024 BY Simon Mugo

SAXO’s Upbeat FX Volumes Underpin Its December Volumes

The surge in forex trading slightly elevated Saxo's total monthly trading volume to $369.5 billion, a 1.8% increase. However, this decreased by 11.1% compared to December of the previous year. Saxo Bank, headquartered in Denmark, provides various trading services, including equities, commodities, and fixed income. Despite the uptick in forex, trading volumes across these other…

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January 04, 2024 BY Simon Mugo

XTB Launches Auto-Trading as Part of Passive Investment Plans

Since the previous autumn, XTB customers have had the opportunity to invest in passive instruments for medium to long-term strategies. These Investment Plans allow for up to 10 unique investment portfolios based on selected ETF funds, each accommodating up to 9 funds and a minimum investment of $15. The company had announced its intention to…

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January 04, 2024 BY Elizabeth Anderson

BYD plagued by shorting as EV market competition spikes

According to Bloomberg, IHS Market information indicates short interest on BYD shares hovers around the 5.5% mark as of 1 January. Despite delivering more electric vehicles (EVs) than competitor Tesla Inc. (TSLA) in the last quarter of 2023, the put-call ratio reflects increasing cynicism in the ranks of options traders. Regarded as a forerunner in…

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January 04, 2024 BY Elizabeth Anderson

Intel and DigitalBridge combine efforts to launch Articul8

Reportedly, Intel did not elaborate on the value of this joint venture or its interest in it. The chipmaker did however confirm that this new organisation will have an independent board of directors, not be publicly listed, and that it is a shareholder. Earlier work in collaboration with Boston Consulting Group (BCG) laid the foundation…

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Dxtrade platform overview
January 03, 2024 BY Simon Mugo

DXtrade Has Integrated With Tradingview for Better Services

This integration allows brokers on DXtrade to leverage TradingView's extensive user base for increased visibility and direct user sign-ups. DXtrade's backend will be directly connected to the TradingView platform, simplifying the incorporation of TradingView's features for brokers who license DXtrade. This synergy centralises essential operations like order execution, risk management, and commission tracking within DXtrade,…

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January 03, 2024 BY Elizabeth Anderson

X experiences another value cut after Fidelity markdown

This investment firm assisted Musk to seal the acquisition deal. Reportedly, Axios indicated a further 11% loss in value after a portfolio update for the Fidelity Blue Chip Growth Fund. X suffered a series of markdowns by Fidelity after it battled to hold onto platform advertisers. After the Twitter takeover, Musk implemented a string of…

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