The broker ended the month with client credit balance of $98.9 billion, including $3.2 billion in insured bank deposit sweeps. The client credit balance came in 7% higher than in June 2022 and about the same as the prior month. Client accounts on the platform increased 19% YoY and 1% MoM to 2.29 million in…
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USOIL, daily Oil prices are on the rise after Saudi Arabia and Russia announced supply cuts for August. Saudi Arabia extended its voluntary production cut of one million barrels per day (bpd) for another month, while Russia announced it would reduce its oil exports by 500,000 bpd in August. Both countries are trying to prop…
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FXSpotStream’s volumes saw an uptick in the first three months of 2023, and only fell in April. On yearly basis, however, last month’s ADV dropped 1.3% compared to June 2022. Last month, FXSpotStream’s overall volume stood at $1.39 trillion. The numbers rose 8.6% from the $1.28 trillion, recorded in May 2023. The broker has seen…
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Shadi Salloum, XS.com’s Regional Director (MENA) added: I am filled with anticipation as I prepare to embark on a new venture with XS.com, a dynamic and forward-thinking brokerage. As the new Regional Director for the MENA region, I am enthusiastic about contributing my knowledge and experience to propel the company's achievements in the field of…
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The company stated: IG Group Holdings plc announces that June Felix, Chief Executive Officer, is taking a short period of medical leave from the business. June Felix, who joined IG Group as a non-executive director in 2015 before becoming CEO, is renowned for expanding the company's geographic presence and diversifying its product offerings. Under her…
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Most recently, she served as Business Development Manager for MENA at ICM.com, out of Kuwait. She initially joined the company as a Business Associate in May 2018 She holds a Bachelor of Business Administration degree in Economics from Lebanese University in Beirut. XS.com has been expanding its leadership team recently. Earlier in May, the company…
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In his new role, Tyce will be based in London and report to Rig Karkhanis, Head of Global Markets, and Jonathan Lewis, Head of EMEA and NEHS CEO. As Head of Global Markets, he will oversee the company’s Global Markets activities in and into the region. He will also work closely with the global product…
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The Consob has the authority to block websites offering illegal financial services at an internet service provider level. The regulator stated: Consob draws investors’ attention to the importance of adopting the greatest diligence in order to make informed investment choices, adopting common sense behaviors, essential to safeguard their savings: these include, for websites that offer…
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Communication on Telegram The company also announced the launch of its new official Telegram channel - official_Forex4you. Members of the channel will receive real-time updates on market insights, company announcements, and exclusive promotions, all delivered to a mobile device. Transparency and competitiveness Forex4you further detailed that as the company grows and expands, it remains committed…
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Higher Timeframe Technical View The technical position for GBP/USD reveals price fading long-term resistance on the weekly scale at $1.2767, boasting historical significance as far back as 2016. Consequently, GBP selling should not surprise. Support on the weekly scale is relatively nearby, nevertheless, in the shape of a trendline resistance-turned-support taken from the high of…
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