Category: Forex

May 05, 2022 BY Steffy Bogdanova

Daily market commentary: The USD loses momentum after the latest US Fed policy decision announcement

European Shares European stocks traded all in green territory on Thursday, extending gains registered at the end of the US session, after investors welcomed the Fed’s action to tame inflation. FED Chairman Jerome Powell managed to reassure investors by announcing a 50-basis point rate hike while rolling-out the prospect of further increases at forthcoming meetings,…

Read more
StoneX
May 05, 2022 BY Steffy Bogdanova

StoneX FX/CFD revenue jumps 32% in Q2 2022

The New York-headquartered Group’s revenue from FX and CFD jumped 32% in Q2 2022, gaining $98.9 million, attributed to an $18.8 million increase in retail operating revenue. Gain Capital acquisition StoneX acquired Gain Capital in 2020 and is now the owner of major forex and CFDs trading brands. In the second quarter the company reported…

Read more
Saxo Bank
May 04, 2022 BY Steffy Bogdanova

Saxo Bank FX trading volume falls 17% MoM in April

The daily average in forex trading was stood at $5.7 billion, down from the previous month’s $6.6 billion. However, the number is slightly up from April 2021’s $5.6 billion. Equities registered a 27% MoM drop to $169.10 million last month but it gained 48.1% compared to the previous year. Fixed income instruments brought in $8.6…

Read more
Saxo Markets HK
May 04, 2022 BY Steffy Bogdanova

Saxo Markets names Sean Ma Head of Saxo Institutional in Hong Kong

Richard Douglas, CEO of Hong Kong, Saxo Markets, said: Ma brings the expertise and energy we’re looking for and bolsters our overall ambition in the region across both retail and institutional segments. Ivan Chang, Regional Head of Saxo Institutional, APAC, Saxo Markets, added: In APAC, we currently work with partners in many sectors. They come…

Read more
Daily Market Commentary
May 04, 2022 BY Steffy Bogdanova

Daily market commentary: WTI crude oil prices are hedging up

European Shares Stocks traded sideways, flirting with their opening level in Europe on Wednesday, as investors brace for today’s FOMC meeting. While Fed chairman, Jerome Powell, is widely expected to announce an historical 50-basis point rate hike in the end of the afternoon, investors will scrutinize his speech, looking for more clues on tapering and…

Read more
Weekly data: Oil and Gold price action before the NFP
May 03, 2022 BY Steffy Bogdanova

Daily market commentary: Gold prices remain under pressure

Gold Gold prices remain under pressure during early Tuesday trading, close to the multi-week minimums reached during the previous session. Despite the precious metal’s role as a hedge against inflation and haven during times of geopolitical instability - two factors that remain very much in the picture - gold prices remain subdued as the dollar…

Read more
HotForex rebrands to HFM
May 03, 2022 BY Steffy Bogdanova

HotForex announces rebrand into HFM

The borker recently secured a regulatory license in Kenya in East Africa as part of its growth strategy. HotForex already rebranded its European business to as HF markets and now the company is bringing the same branding to its offshore entities in Seychelles, Kenya, South Africa and Dubai.

Read more
May 03, 2022 BY Alan Sayer

3 Reasons why KYC is important for businesses and consumers alike

Here are three concrete ways in which KYC can improve the user experience for customers and businesses alike. 1.   KYC prevents financial partnerships with money-launderers Without proper customer identity checks, this can unwittingly result in a company entering into a financial exchange with criminals that have obtained the money through illegitimate means. This exposes the…

Read more