Friday marked a seven-week consecutive rise for the dollar index in comparison with its figures of 99.58 from the same period year-over-year. Industry experts suggest that this favourable standing is set to last, at least for the short-term. Friday also brought about data showing the slowdown of U.S. employment and wage growth which was greater…
Read more
To analyze global trading patterns, the experts at FOREX.com conducted a large-scale survey with 3,000 experienced traders, and uncovered the most popular and opportune times for executing trades. Survey Key Findings: The first hour of the trading day is the most favoured time to execute trades globally, across all asset classes, according to the survey…
Read more
A Binance spokesperson confirmed the report to Reuters. Among others, the company also had to bid farewell to its Chief Strategy Officer, Patrick Hillmann, and General Counsel, Hon Ng, during this year. These resignations raise industry eyebrows as they follow scrutiny by authorities, including the U.S. Securities and Exchange Commission (SEC) and the Australian Securities…
Read more
In the U.S., however, initial data for the Federal Reserve showed a 3.8% spike in unemployment, with 110,000 fewer jobs created in August in comparison to June and July, despite the U.S. boasting increased job growth and market economy. Alongside Hunt’s announcement, the inflation rate in the eurozone remained at a steady 5.3% average for…
Read more
This is stirring up a lot of interest in the intended IPO of the SoftBank-owned Arm, which is aiming for a valuation between $50bn and $55bn. Reports indicate this chip designer plans to price shares between $47 and $51 each when it launches on the market. Considering these figures, Arm will land an offering between…
Read more
The new stipulations oblige private funds to submit quarterly fee and performance reports on top of annual audits. Additionally, funds must disclose specified fee structures and curb the preferential treatment of some investors, especially regarding portfolio disclosures and cash-out abilities. This industry administers around $20trn in assets. Gary Gensler, the SEC chair, stated these measures…
Read more
The mundanity of screen switching is now a thing of the past for Pepperstone’s UK clients because, as from today, Pepperstone traders can directly spread bet Forex, Indices, Commodities, Shares (among other things) on TradingView’s advanced and highly customisable charts. Group CEO Tamas Szabo welcomed the new technology to Pepperstone’s arsenal in the following statement:…
Read more
LCF used to issue mini-bonds and invest the proceeds from these in different businesses. In its warning, the FSCS makes it clear these letters are not from the scheme although they appear on FSCS-headed paper. This organisation advised those targeted to ignore these scam letters and invited them to contact the FSCS directly. In a…
Read more
Despite this positive tipping point, the dollar registers weak against its recent three-month high. This cooling gives solid indication that the Federal Reserve may be prepping for further interest rate hikes after a slowing down period of economic spending and employment. APAC Societe General and Global Head of FX Strategy, Kit Juckes noted: If a…
Read more
What Is Trading Psychology? In the financial market, trading psychology refers to studying and understanding the emotional and psychological aspects that influence traders' behaviour, performance, and decision-making. It involves assessing a trader's self-control, cognitive biases, emotions, and mental state. Trading psychology recognises that traders are influenced by various psychological factors that lead to impartial thinking…
Read more