Faithfully, by 2:30 a.m. on Fridays, Frantz Victorin said he received at least a 5% return from EminiFX, an online investment platform that said people could get rich investing in cryptocurrency and the foreign exchange markets, also known as forex.
Trading is basically a game of probabilities. No trader on earth can be sure where the price will move and when it moves. Every analysis or plan that you have is just one.
The US Government is trying to intervene in the Commodity Futures Trading Commission (CFTC) case against Eddy Alexandre and his company, EminiFX, Inc. This becomes clear from a set of documents filed by the Government in the New York Southern District Court on July 25, 2022.
On Wednesday, August 10, spot gold rose and fell, broke through but failed to stabilize at the US$1,800 mark, and finally closed down 0.12% at US$1,792.04 per ounce; spot silver pared some of its gains and finally closed up 0.37% at $20.6 per ounce. In terms of the two oils, WTI crude oil fell first and then rose, recovering all the lost ground in the day, and finally closed up 1.07% at US$91.56 per barrel. Brent crude oil closed up 0.72% at US$96.99 per barrel.
David Castleman, the court-appointed temporary receiver over EminiFX, Inc and certain assets of Eddy Alexandre has provided an update to the Court on the initial status of the Receivership.
Crowd at Manhattan courthouse applauds alleged fraudster and denounces prosecutors. ‘Because of EminiFX, I have only one job right now.’
IIFL Securities said that it was integrating best products and services from across the world on its platform to ensure the best experience for its over 2.4 million customers and 7 million app users.
The integration with TradingView provides its clients with a wide range of trading tools.
All Eyes on key levels and US inflation
On Wednesday (August 10), during the Asia-Europe period, spot gold fluctuated and weakened. It is currently trading at US$1,788.06 per ounce. Investors are generally concerned about the performance of the US CPI data in July, although the market expects that the US July CPI year-on-year increase will increase from June.
Despite the pandemic, the iFX EXPO Dubai hosts managed to attract more than 40,000 attendees and over 1,500 service providers. The event took place at Za’abeel Hall 6, Dubai World Trade Centre, one of the stand-out city skyscrapers.
Forex business is sensitive. It means this business can change faster if there is an unstable situation in one country. So, it also influences traders to get a profit.
On Tuesday, August 9, spot gold fell slightly after breaking the $1,800 mark, and finally closed up 0.29% at $1,794.49 per ounce. Spot silver was stable above the $20 mark, and finally closed down 0.84% at $20.54 per ounce. In terms of two oils, WTI crude oil erased most of the intraday gains in the U.S. market and finally closed up 0.1% at $90.52 per barrel. Brent crude closed down 0.15% at $96.48 per barrel.
Inflation has dominated the markets so far this year, with staggering Consumer Price Index figures being released all over the world. This week’s attention turns to the most volatile CPI release in the economic calendar this month, U.S CPI.
On Tuesday,August 9, spot gold in the Asian session fell to the pivot point of 1784.50 after hitting the primary resistance. If it can remain above this level, it will confirm bullishness, and the first upward target is 1788.91. Spot silver is currently approaching the first resistance at 20.72 and has fallen back.
There are two types of people, one waits for change to happen around them while other creates the change themselves. Dilawar Singh, a sports trainer-turned entrepreneur, is a perfect example of the latter. When Singh wanted to change his life, he didn’t wait for it to happen itself. Singh acted on it, worked, and all his endeavours eventually paid off well.
Nanjing is a city where smoke, water, gas and intelligence coexist. This kind of atmosphere can be found in various cultural sites in Nanjing. On August 6, the Nanjing Station of the Forex Alliance Trading Technology Summit was successfully held in such a charming city. A number of well-known platforms were invited to participate. Brand-new concepts, cutting-edge technologies, and in-depth exchanges have attracted the favor of many trading enthusiasts.
Next week is going to be packed with highly important data and central banks’ rate decisions. High inflation levels (6.1% in Australia and 9.4% in the UK) may lead the BOE and the RBA to increase interest rates in their upcoming meeting/s.
Virgin Galactic Holdings Inc. shares dropped after the space tourism company again delayed its commercial service, calling for a launch in the second quarter of 2023. The startup had previously disappointed investors by pushing back the launch, once planned for the third, then fourth quarter of 2022. In May, Virgin Galactic delayed it to the first quarter of 2023.
On August 7th, the Forex Alliance Trading Technology Summit Hefei Station was successfully held in Hefei. As the weather vane of the trading technology industry, this exhibition brought together major brands in the industry to explore new trends in the development of the industry, and ushered in the first day of development.