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On Monday August 22, spot gold fell sharply before the European market. The high point once fell by about $21 and fell below the $1730 mark, and finally closed down 0.61% at $1736.47 per ounce. It is worth noting that gold has closed negative for six consecutive days. Spot silver closed down 0.28% at $18.99 an ounce.
Alawwal Invest has entered into an agreement to Transfer HSBC Saudi Arabia’s Asset Management, Retail Brokerage and Retail Margin Lending businesses (together, the “Transferring Businesses”).
On Monday August 22, spot gold moved lower below the pivot point at 1749.31 during the Asian session, with first support at 1727.65. Spot silver erased all gains, falling below the pivot point at 19.06 and approaching first support at 18.82.
Infinox, a trading solutions company, has launched an end-to-end cryptocurrency trading solution for its platform in Latin America, Middle East, Africa and Southeast Asia.
Globally renowned brokerage brand INFINOX has recently published data regarding performance in Q2 of 2022, and the figures are encouraging for the brand. According to the number, the proprietary social trading tool 'IX Social' has been skyrocketing in terms of popularity across several geographic regions – one of them being Southeast Asia.
Infinox Capital Nigeria Limited, a forex trading platform, has advised market participants to trade with only regulated online brokers to avoid fraud and other dubious activities that could lead to loss of funds.
The first quarter of 2022 was characterized by enhanced volatility across all markets, mainly due to high inflation on a global scale and the geopolitical tensions in Eastern Europe. Overall, these dynamics were bad news for businesses all around the world, and this included the financial services sector. Given that, it surprised many when leading global online broker INFINOX posted positive results in Q1 this year.
Infinox Capital, a globally recognized Foreign Exchange (FX) and Contract for Difference (CFD) broker, regulated since 2009, on Tuesday said it is offering free education on forex trading to help reduce the rising unemployment in Nigeria.
Infinox Capital, a globally recognised FX and Contracts for Differences (CFD) broker has hinted that it will continue to spread the awareness of forex trading until every home in the country participates in a venture that will boost their way of life.
Infinox Capital, which is a globally recognised FX and Contracts for Differences (CFD) broker has stated that since setting its footprint in Nigeria three years ago, they have recorded $10 million in transactions.
Online trading platform PU Prime is excited to announce a brand-new logo and an improved site experience. To better appeal to a new generation of customers, the industry-leading brokerage has launched with a fresh look for its logo.
Market movers: The Week Ahead
On August 21, the much-anticipated Forex Alliance Trading Technology Summit was finally held as scheduled in Shenyang. Many trading exhibitors gathered together to discuss the solution of the technical barriers of intelligent trading and help the application of advanced trading technology on the ground.
Forex trading is easy to run but it needs the best place to make trading and build a forex business. So, business people in forex must choose the right place.
The Forex Alliance Trading Technology Summit, an exhibition full of endless inspiration and inspiration, has always been committed to transmitting the essence and charm of trading with a unique perspective and professional analysis.
Last week, the markets were left slightly confused at the mixed messages traders received from the Federal Reserve. They highlighted the importance of fighting rampaging inflation, but at the same time voiced concern over tightening financial conditions ‘too much’. However, is the evidence that another stock market crash is coming becoming clearer?
On Friday August 19, spot gold continued its sharp decline, falling below the $1,750 mark and closing in the negative for the fifth consecutive day. It eventually closed down 0.65% at $1,747.04 per ounce. Spot silver closed down 2.56% at $19.04 per ounce.
Many people are interested because it’s the most liquid in the world. There are a lot of pairs of exchanges in this market.
On Thursday August 19, spot gold moved slightly lower below the pivot point of 1761.44 during the Asian session. It is now running not far from the 1750 handle with primary support at 1748.82. Spot silver is trending similarly with primary support at 18.89.