Category: Forex

September 21, 2023 BY Elizabeth Anderson

New lithium exploration in Quebec

In a recent press release, Mont Royal noted that with new groundwork intelligence, the exploration program is set to begin with 8 target areas that show significant promise for lithium exploration. A comprehensive analysis of the Wapatik property has identified approximately 30 distinct targets. These targets are believed to correspond to outcropping pegmatites. Notably, several…

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September 15, 2023 BY Elizabeth Anderson

Arm IPO splash largest in two years

This IPO is not only the largest of the year but also the largest in the past two years. Since the Rivian IPO, nothing has made a market splash like Arm since 2021. Palpable excitement among investors boosted the Dow Jones by more than 330 points.  Softbank, Arm’s parent company, acquired the chip maker for…

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September 14, 2023 BY Elizabeth Anderson

Spotlight on Goldman Sachs: Tech firm advisor takes IPO leap

Others under the Goldman Sachs wing include the delivery service, Instacart, and the marketing automation platform, Klaviyo. Expected to go public sometime next week, these companies are part of the revival of tech IPOs after movements in the sector were quiet for some time.  These IPOs test more than just investor willingness to risk their…

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September 13, 2023 BY Elizabeth Anderson

Orbex expands trading enterprise with HonorFX acquisition

Upon sealing the deal, HonorFX clients can freely access Orbex products and services. In a media statement on its website, the company said: The partnership will enable us to cement our longstanding position as one of the leading brokers in the MENA region and expand the brand’s presence in Asia and beyond. The move will…

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September 13, 2023 BY Elizabeth Anderson

Sterling slumps after job report weakens UK market

The Job report detailed a record 2-year rise in unemployment alongside a fall in job vacancies, the worst witnessed since July 2021. It appears that the waves of fluctuation for the UK economy and GBP are set to continue shrinking the economy; in July this year, the economy shrank 0.5%, far worse than the predicted…

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Tesla car
September 12, 2023 BY Elizabeth Anderson

Tesla’s Dojo dominates Wall Street markets

Analysts from the investment firm noted Tesla as a top-quality stock and, as a result, raised their target levels from $250 to $400 – an almost 20% increase from previous price levels.   Following this price rise, Tesla announced that its in-house Dojo supercomputer could fuel a $500bn jump in the company’s overall market value. Not…

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September 12, 2023 BY Elizabeth Anderson

China bringing bulk dollar purchases under the microscope

According to the report, any business wanting to purchase $50 million or more, must now first obtain approval from the People’s Bank of China (PBOC). This decision comes after the institution had a meeting with some of the commercial banks over the weekend.  During this year, the Chinese yuan decreased by approximately 6% against the…

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