Category: Forex

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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January 22, 2024 BY Simon Mugo

OANDA Joins the Prop Trading Industry With OANDA Labs Trader

Kurt vom Scheidt, OANDA's Chief Operating Officer, stated: “Our program aims to empower adept traders by providing them with seamless access to global financial markets and a diverse array of asset classes.” He emphasised the company’s commitment to enabling traders to thrive in the financial markets. Prospective traders at OANDA must complete an assessment test,…

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January 22, 2024 BY Simon Mugo

Pepperstone Becomes AFC Asian Cup’s Official Regional Partner

Tamas Szabo, CEO of Pepperstone, commented on the partnership, highlighting the alignment in ambition and dedication to success between the two entities. He drew parallels between strategic thinking in trading and sports, emphasising the ability to thrive amid challenging situations. The AFC Asian Cup is a leading football tournament in Asia, organised by the AFC,…

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Hong Kong stock exchange
January 22, 2024 BY Elizabeth Anderson

Hong Kong stock sell-off adds to China’s market instability

Following market instability, the Hang Seng China Enterprises Index (HSCEI) plummeted 2.4%, a stone’s throw away from its lowest level in 20 years. The CSI 300 index also fell 1.6% at market opening. Across the water, however, Wall Street’s S&P 500 index hit a 2-year record high to close last week’s market. Don’t miss out…

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January 19, 2024 BY Simon Mugo

One Global Markets, a CFD Broker, Triples Its FY 2023 Revenues

The surge in revenue also led to a rise in the sales cost, which escalated to £123,677 from the previous year's £38,290. Consequently, the gross profit soared to £668,114, registering a 212% increase. The London-based company also witnessed a substantial hike in administrative expenses, which jumped 187% to £520,304 from £181,496. Upon accounting for other…

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January 19, 2024 BY PureContent

2024 financial market outlook by Octa

As a consequence of rising interest rates, higher asset return requirements have also become a drag on the global economy. In 2024, we are in for an election year of heightened geopolitical tensions in the US and worldwide. In addition, the likelihood of the Fed guiding the US economy to a safe landing with interest…

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