WIKIFX REPORT: Nigeria spent $3.8 bln on fuel subsidies to June - NNPC document
Some years back, Petrol subsidy payments grew by 349.42 per cent from N350 billion in 2019 to N1. 573 trillion in 2021, propelled by the rising price of crude oil in the international market and the falling value of the Naira.
WIKIFX REPORT: Hungary to allow companies to pay corporate taxes in euros or dollars
Remember that, regarding gas issues Hungary has discounted the price of gasoline at the pump. But not if you have a foreign license plate. It’s also taxing what it calls “extra profits” of industries including airlines, with carriers like Ryanair and EasyJet increasing ticket prices to cope.
WIKIFX REPORT: Gold Will Keep Well-Positioned despite Commodities Breakdown
Gold price is extending its winning streak into a fifth trading day on also Commodity indexes have been offering some high returns during the first half of the year despite major sectors tanking. The BCOM index managed to gain around 33% between January and June 2022.
WIKIFX REPORT: Euro FX Futures ( 6E1! ), H4 Potential For Bullish Momentum
On the H4, with price bouncing off the ichimoku cloud and RSI showing an ascending trendline, we have a bullish bias that price will continue to rise from the pivot at 1.01325 at the overlap resistance in line with the 61.8% fibonacci retracement .
WIKIFX REPORT: EU Inflation Breaks to a New High, Driving Higher Recession Risks
The risk of a euro-area recession is growing as the likelihood of natural gas shortages rises and inflation remains at record levels, Annual inflation in the Eurozone in July accelerated to 8.9%, showed a report released on Friday.
August 2022 Holiday Trading Hours Update (Canadian Citizenship Day & Swiss National Day)
Icmarkets is delighted to inform readers about their change in trading hours due to Canadian Citizenship Day & Swiss National Day trading schedule for Monday, August 1, 2022.
WIKIFX REPORT: Market Update - Thematic investing - a move away from the traditional portfolio
A top-down investment strategy known as thematic investing takes advantage of opportunities brought about by macroeconomic, geopolitical, and technological trends.
Key Economic Data That Influence Exchange Rates
Countries with free-market economies tend to rely on exchange rates to determine their level of trade with other countries. To prevent the costly mistake of trading currencies inappropriately, it is crucial to be aware of the economic data and how they affect the exchange rate movement. Thus, it is no wonder why the exchange rate is among the most carefully watched, analyzed, and manipulated economic measures.
WIKIFX REPORT: Vault Markets Namibian Tour
You are in for a treat if you are a prospective trader in Namibia. From the 29th of July to the 2nd of August, Vault Markets and a number of prosperous traders are touring Namibia.
Mohicans markets ：Rising recession fears lead to market turmoil, rising Eurozone bond spreads face stagflation challenges
U.S. ISM manufacturing performs well for 26th straight month, new orders rate falls The U.S. July ISM manufacturing PMI recorded 52.8, the 26th consecutive month of good performance. The U.S. July ISM new orders index fell to the lowest level since May 2020; the U.S. July ISM manufacturing price payment index fell from August 2020. the lowest level since a month. The agency sees signs that the rate of new orders has fallen, as experts grow increasingly concerned about excess inventories and con
WIKIFX REPORT: Stanbic IBTC Stockbrokers presents basics of capital market in new series
Stanbic IBTC Stockbrokers Ltd, a subsidiary of Stanbic IBTC Holdings PLC, recently hosted a virtual session to enlighten Nigerians on the potentials of investing in the stock market.
The Importance of Taking Forex Trading Courses for Beginners
With the right training, you will be a tremendous trader in no time. Forex trading courses allow you to learn from the experts, and gain many valuable experiences for you in the future ahead.
Which is better: Decentralized VS Traditional Finance Trading?
Finance newbies often wonder, what’s the difference between decentralized and traditional finance? How do they differ in terms of trading? And does DeFi have a future or is it just a trend? The truth is, modern technology has enabled safer, faster and more effective ways to do things, yet they are rarely understood, leading to lost opportunities. Let's look at how financial systems emerged from TradFi to DeFi through history with their pros and cons.
WIKIFX REPORT:Stanbic IBTC Stockbroking Drives Market Participation via Zero Account Opening Campaig
Stanbic IBTC Stockbrokers Limited, a subsidiary of Stanbic IBTC Holdings PLC, has introduced a Stockbroking Zero Account Opening campaign to help drive local participation in the capital market.
WIKIFX REPORT: Stanbic IBTC Stockbrokers train prospective investors
Stanbic IBTC Stockbrokers, a subsidiary of Stanbic IBTC Holdings has urged new investors in the nation’s equity market to take advantage of informative platforms to learn and research before trading in stocks.
WIKIFX REPORT: How LegacyFX Provides Ways to Potentially Trade Safer and Conveniently
Large-scale companies used to be forced to engage in forex trading, particularly those involved in the world of foreign exchange. However, it has now become more widespread in modern times, enabling people to trade currencies in an effort to maybe maximize their investment returns.
WIKIFX REPORT: LegacyFX wins two awards at the 10th edition of Global Brands Magazine Awards
LegacyFX has won the 'Most Innovative Forex Broker, Africa' and 'Best Trading Education, MENA' for the year 2022. The ceremony will be held at the Palm Jumeirah – Waldorf Astoria in 2022 in Dubai.
WIKIFX REPORT: Using Technology at Its Fullest, XTrend, The Future of Forex
Technology has taken over the world by storm. There is no sector or field that the wave of technology has not touched and revolutionized. From education to medication, everything has been transformed to provide ease and comfort to people's lives. Similarly, it has changed the way trade is done in the current times.
WIKIFX REPORT: XTrend Speed wins Best Mobile Broker Award in Europe for 2022
Cyprus-based trading platform wins top honors in Europe for a smartphone-based trading app after showcasing its latest disruptive innovations
WIKIFX REPORT: XTrend Speed Has Been Awarded 5 Awards by Forex
XTrend Speed has kept in mind the principle of "providing high-quality services to customers" since its foundation. It acts on the philosophy of "Trade big·Dream big" to help more customers realize their dreams.