Category: Forex

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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January 02, 2024 BY Elizabeth Anderson

The S&P 500 enters 2024 on a 9-week high

According to data from Bloomberg, experts predict the report will show the addition of 168,000 nonfarm payroll jobs in December 2023, when compared to the 199,000 jobs added in November. Other predictions include an unemployment figure to sit at 3.8%, 0.1% higher than that of November’s. The positive investor sentiment that grew in December has…

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January 02, 2024 BY Elizabeth Anderson

Chinese stocks hobble Asian equities as 2024 trading kicks off

Bloomberg reported that Hong Kong’s yardstick for shares dropped by approximately 1.5%. Experts noted the same slide in Taiwan and China. These markets took a further knock when ASML Holdings (ASML), a manufacturer of semiconductors, cancelled several shipments following an alleged request by the Biden Administration. Records show that China’s factory operations dipped to a…

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December 29, 2023 BY Elizabeth Anderson

Cocoa prices remain high as crude oil dips

Cocoa and iron ore performed positively for investors, however, with the former rising to a multi-decade high of 72% following difficulties along the supply chain. Iron also rose approximately 55% as China continued to create more houses for its in-demand property sector. Cocoa on the New York Stock Exchange hit a 46-year high and are…

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December 29, 2023 BY Elizabeth Anderson

Nvidia leads the Magnificent 7 stocks into 2024

Nvidia’s AI chips contributed to the company’s revenue growth, which sits at 85% higher than the same period year-over-year, most significantly in Q3 of 2023. Although the company’s net income is 13 times higher than in December 2022, it made the most instrumental gains in Q1, 2 and 3 of this year, and experienced a…

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December 29, 2023 BY Elizabeth Anderson

Xiaomi unveils SU7 competing with Tesla and Porsche

Positioned as a C-Class performance sedan, the SU7 is based on Xiaomi's Modena Architecture and features HyperEngine electric motors with impressive capabilities. The electric sedan comes in two variants: the dual-motor all-wheel-drive SU7 Max and the single-motor rear-wheel-drive SU7. Key innovations include the use of die casting machines with a clamping force of 9,100 tons,…

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December 28, 2023 BY Elizabeth Anderson

PwC backs UK economy and predicts a healthy 2024

According to recent data, the BoE’s targets are a little pessimistic when compared to their predictions, especially considering inflation fell to its lowest in two years at 3.9% in November 2023. PwC has warned the BoE that “increased inflationary pressures” will persist in either outcome but that a decrease in global energy prices could help…

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December 28, 2023 BY Elizabeth Anderson

Baidu’s AI chatbot amassed over 100 million users since August

In November, Baidu reported that Ernie had already attracted 70 million users. The announcement underscores Baidu's efforts to compete with tech giants Tencent and Alibaba in commercialising services similar to ChatGPT in the vast Chinese internet landscape. The increasing user base reflects the growing popularity and adoption of AI-driven chatbots, marking a significant milestone for…

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StoneX
December 27, 2023 BY Sam Boughedda

StoneX to Adopt Swift Payment Pre-validation Service

Cross-border payments have notoriously been plagued by complexities, including regulatory hurdles, bank downtime, and rising competition. In addition, inaccurate beneficiary details alone account for nearly a third of failed cross-border transactions, incurring significant costs and delays, according to the financial services company. Recognising the challenges, Swift said it has introduced its Payment Pre-validation service, which…

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