Category: Forex

December 15, 2023 BY Elizabeth Anderson

Oil prices end seven-week losing strike and head for positive outlook

Traders also positioned themselves for improved demand in 2024, anticipating lower interest rates and a strengthened US economy, thus impacting global markets. The IEA supported this notion by slightly revising its oil demand forecast for 2024 this week, although it remained below the projections made by the Organization of the Petroleum Exporting Countries and Allies…

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December 15, 2023 BY Elizabeth Anderson

TMX Group to Acquire VettaFi

TMX to acquire the remaining ~78% of the common units of VettaFi for US $848m. Deal accelerates long-term growth strategy as well as financial and transformational objectives Increases proportion of revenue from recurring and global sources Adds innovative new client service team and capabilities to GSIA, TMX's fastest-growing segment TMX has announced an agreement to…

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December 14, 2023 BY Elizabeth Anderson

Aussie gains on strong jobs report after Fed’s dovish message

The increase in the participation rate resulted in the jobless rate ticking up from 3.8%, as the estimated 61,500 new jobs created in November were insufficient to maintain the previous unemployment rate. Although the jobless rate rose to 3.9% in November, the highest since April 2022, investors will likely prefer to focus on the surge…

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Devexperts office
December 13, 2023 BY Simon Mugo

Devexperts Released Its 2024 Forecasts for Financial Brokerages

A key prediction for 2024 is expanding brokers’ services beyond just access to the US market. Brokers will likely offer global stock and ETF trading and diversify into various asset classes. This shift is partly a response to declining broker revenues due to the push for zero commissions during the pandemic and increasing operational expenses.…

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December 13, 2023 BY Elizabeth Anderson

Japanese stocks see incline as inflation data softens

Machinery and precision instrument stocks led the minor increase in the market as the US dollar briefly climbed to the 146-yen mark in Tokyo. Investor response to the Tankan survey indicates that the latest US inflation data might not be enough to spur the US Federal Reserve to initiate interest rate reductions soon, much to…

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December 13, 2023 BY Elizabeth Anderson

ExxonMobil to remain in Guyana for three months despite territorial disputes

In response to Venezuelan President Nicolás Maduro's proposal, ExxonMobil Guyana released a social media statement reiterating its dedication to Guyana and its intention to continue expanding production offshore in accordance with its agreement with the Guyanese government. Venezuela's push for the withdrawal of companies operating in the Essequibo region, known for its mineral wealth and…

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December 13, 2023 BY Elizabeth Anderson

SpaceX’s valuation approaches $180bn

Closely held companies commonly use tender offers to provide employees an opportunity to unlock the value of their holdings before an initial public offering (IPO). It was reported last week that SpaceX was discussing selling insider shares at $95 each. SpaceX is projected to generate about $9bn in revenues from its rocket launch and Starlink…

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December 12, 2023 BY Simon Mugo

XTB Introduces Fractional Share Trading Within Its UAE Offering

Achraf Drid, CEO of XTB MENA, highlighted that fractional shares lower entry barriers for Middle Eastern customers interested in stock investments. XTB's goal is to cultivate an equity culture where private investors of any portfolio size can invest in companies they believe have significant growth potential. Before the introduction of fractional shares, certain high-value stocks…

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