Category: Forex

November 29, 2023 BY Elizabeth Anderson

EV manufacturer Rivian receives investment from US retirement funds

However, The California Public Employees’ Retirement System's (CalPERS) recent investments in several EV companies have sparked investor interest, indicating a dynamic landscape. The EV startup Rivian (RIVN.O) has received the highest investment so far, with seven other pension schemes attempting to cash in, including The Teacher Retirement System of Texas and the Maryland State Retirement…

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Australian dollar
November 28, 2023 BY Simon Mugo

AUDUSD Rallied Higher for Fourth Day Despite Weak Retail Sales

The AUD/USD pair was hovering around the 0.6625 level while approaching its highs from early August. This upward trajectory can be attributed to various factors influencing the currency market. Australia's Retail Sales, a vital indicator of consumer spending, posted a decline of 0.2% for October, falling short of market expectations of a 0.1% increase and…

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November 28, 2023 BY Elizabeth Anderson

eToro granted ADGM license to investments in the UAE

M2, the Abu Dhabi-based trading platform, announced its new partnership in a bid to supply UAE customers space to trade virtual assets. While M2 became a fully regulated Multilateral Trading Facility (MTF), eToro was granted Financial Services Permission (FSP) and is now a registered crypto assets broker. Key differences between the MTF and FSP statuses…

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November 27, 2023 BY Simon Mugo

USDCAD Prices Edged Higher on Weak Canadian Dollar. What Next?

The Canadian Dollar (CAD) has faced headwinds due to a decline in crude oil prices, contributing to this upward pressure on the pair. Western Texas Intermediate (WTI) crude oil prices have been on a downward trajectory since Wednesday and are currently trading at approximately $75.00 per barrel. Crude oil prices have fallen since late September…

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CFI Financial Group
November 27, 2023 BY Elizabeth Anderson

CFI Financial Group secures second UAE license

CFI’s co-founder and Managing Director, Hisham Mansour, observed that the latest acquisition is a testament to its ability to deliver fast, secure and regulated access to financial markets. It also puts a cap on a fine year for a company which offers more than 15,000 tradeable products and enables customers to conduct transactions in stocks…

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Japanese yen
November 24, 2023 BY Simon Mugo

USDJPY Trades Sideways Despite Upbeat Japanese Inflation Data

The Japanese inflation report indicated that the annualised CPI print had risen to 3.3%, a new 10-year high, compared to the previous month when annual inflation was recorded at 3.0%. However, the monthly inflation print was most exciting as it showed that inflation rose to 0.7% in October compared to September’s 0.3% print. The Bank…

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November 23, 2023 BY Simon Mugo

eToro Launches Global MSCI ETF Focused on Argentinian Stocks

The primary objective of ARGT is to offer investors a diversified portfolio that mirrors the growth potential of significant players in Argentina's financial markets. One notable aspect of this offering is its alignment with eToro's zero-commission policy in eligible regions, making it an appealing choice for individuals seeking to invest in the Argentine market without…

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Australia
November 23, 2023 BY Simon Mugo

AUDUSD Edges Higher on Chinese Optimism Despite Weak Aussie PMIs

These declines pushed these sectors further into contractionary territory. Furthermore, the impact of the Reserve Bank of Australia's (RBA) meeting minutes still lingers, as the board reiterated concerns about inflation and the potential for future interest rate hikes. Despite these setbacks, there was a glimmer of positivity for the Australian dollar from China. Beijing's announcement…

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