WIKIFX REPORT: Exclusive: Tixee launches as new CySEC licensed Retail FX/CFDs broker
A new Retail FX and CFDs broker is launching from Cyprus, called Tixee.
WIKIFX REPORT: iFOREX to add 40 Indian share assets to their FXnet
iFOREX - a leading global financial broker - announced the addition of more than 40 new shares from the Indian market to their proprietary platform, the FXnet. Key additions include Tata Power, Bharti Airtel, Bharat Electronics, Vodafone Idea, and Jindal Steel & Power.
08/01 Market report
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WIKIFX REPORT: TOPFX PROMOTES OMAR AL-JANABI TO HEAD OF SALES AND BUSINESS DEVELOPMENT
Prime brokerage firm TopFX has strengthened its Middle East operations with the promotion of Omar Al-Janabi, who is taking on an expanded role as global head of sales and business development.
MHMarkets:Rising recession fears lead to market turmoil, rising euro zone bond spreads face stagflation challenges
Earlier, U.S. economic data showed that inflation remained stubbornly high in June, leaving the Federal Reserve likely to aggressively raise interest rates if it deems necessary. The U.S. personal consumption expenditures (PCE) price index rose 1.0% in June, the largest increase since September 2005, after rising 0.6% in May. In the 12 months through June, the PCE price index rose 6.8%, the largest increase since January 1982. Excluding volatile food and energy, the core PCE price index surged
MHMarkets:Janet Yellen: U.S. economy still 'resilient' despite falling GDP
The new GDP report showed the U.S. economy contracted again in the second quarter, but Treasury Secretary Janet Yellen said there was no need to worry that the U.S. is currently in a recession. She said when you look at the economy, it's not what we see now, job creation continues, household finances remain strong, consumers are spending and businesses are growing.
The Role of Macroeconomics for The Currency Value
Indicators of economic health that are most visible are perhaps the global capital market. Public information disclosure in the capital markets is very easy to notice.
WIKIFX REPORT: Crypto news: Weak start of the week for Bitcoin
Cryptocurrencies failed to maintain bullish momentum over the weekend, which raises concerns around how they will fare later in the week. Are digital assets in for another wave of sell-offs?
WIKIFX REPORT: CashFX Celebrates 2nd Anniversary in Italy: Soaking Up the Sun on Costa Cruises
CashFX (CFX) members from all over the world recently gathered on a 5-star Costa ship in the port city of Trieste, Italy. In November 2021, the Deliziosa was home to the company's second anniversary party, an event that had been put off for many moons due to COVID. Costa Cruises is the largest cruise line in Europe, and this trip included stops in Split, Croatia and Rome. Before the cruise, members had the chance to tour Venice as well.
WIKIFX REPORT: ITALY REGULATOR BLOCKS GALICFX, CASHFX AND NEOTRADE DOMAINS
The Commissione Nazionale per le Società e la Borsa (CONSOB) has shut down new websites in an ongoing clampdown against firms it accuses of illegally promoting investment products in the country.
WIKIFX REPORT: ASIC alerts public about investment ‘opportunity’ from Cash FX Group
The Australian Securities and Investments Commission (ASIC) has voiced its concerns regarding the activities of Cash FX Group, also known as CFX.
WIKIFX REPORT: XGLOBAL enters South Africa FX/CFD market acquiring 98 Degrees
Cyprus based, CySEC-licensed Retail FX and CFD brokerage group X GLOBAL Markets Ltd, which operates the XGLOBAL Markets brand, has announced a 45% acquisition of South African FSCA regulated broker 98 Degrees Alternative Risk (Pty) Ltd, which has now been rebranded as XGLOBAL Africa.
WIKIFX REPORT: CySEC Settles with eXcentral and NicoFX Operator for €290K
The Cyprus Securities and Exchange Commission (CySEC) has settled with Mount Nico Corp Ltd, the operator of the trading brand, eXcentral and NicoFX. The regulated company has already paid €290,000 as a part of the settlement for possible violation of regulations.
WIKIFX REPORT: CySEC reaches EUR 290,000 settlement with NicoFX and Excentral owner
The Cyprus Securities and Exchange Commission (CySEC) today announced a EUR 290,000 settlement with Cyprus investment firm (CIF) Mount Nico Corp Ltd. The company operates through brands such as NicoFX and Excentral.
WIKIFX REPORT: eXcentral Blog Rated Among Top Financial Blogs by Readers
According to a recent survey conducted amongst regular readers of eXcentral's blog, a large majority refer to it as one of the top sources for daily financial information and news. The survey, reaching thousands of readers with different demographic and geographic backgrounds, provides positive findings for the brand and its blog.
MHMarkets:U. S. GDP shrinks, aggressive interest rate hike expectations cool, markets wait for June core PCE data
Data on Thursday showed the U.S. economy unexpectedly shrank in the second quarter, with consumer spending growing at the slowest pace in two years and business spending falling, raising the risk of a recession. The data came a day after the Fed raised interest rates by another 75 basis points in a bid to quell inflation. The Fed's actions, combined with previous actions in March, May and June, have raised the target range for the overnight benchmark rate from near zero to 2.25%-2.50%. It was th
WIKIFX REPORT: YJFX to change name after acquisition by GMO
Japanese Forex broker YJFX Inc today announced a planned name change, which is set to become effective on September 27, 2021. The broker will change its name to Gaika ex by GMO (“Foreign Currency ex by GMO Co., Ltd.”)
WIKIFX REPORT: 2022 Fintech Awards Spotlight: Fondex.pro, Award Nomination Announced
In November, Benzinga, a media and data provider bridging the gap between retail and institutional investors, will be holding its annual Benzinga Global Fintech Awards, a day of virtual dealmaking, networking, and recognition in the financial technology space.
GemForex - EUR/USD
EUR/USD drops toward 1.0150 as dollar rebounds
MHMarkets :Fed makes history with second massive rate hike in months
At 2 a.m. Beijing time on Thursday, the Federal Reserve’s FOMC announced its July interest rate decision, raising interest rates by 75 basis points for the second consecutive month, raising the target range of the federal funds rate from 1.50% to 1.75% to 2.25% to 2.50%, in line with the market. expected. Federal Reserve Chairman Jerome Powell hinted that another 75 basis points of interest rate hikes may be possible in September, denying that the U.S. economy is in a recession, while talking ab