WIKIFX REPORT: Market sentiment more positive as BoE decision looms
The Bank of England (BoE) announced its monetary policy decision this Thursday and hiked rates for the fifth consecutive time to curb soaring inflation.
Mohicans markets : Geopolitical Concerns Help Gold Bulls Oil Prices Rise Slightly, Wary of the Implementation of Iran Nuclear Talks
On Monday, August 08, spot gold fluctuated upward, approaching the 1790 mark, and finally closed up 0.79% at US$1,788.83 per ounce; spot silver once again stood at the US$20 mark and finally closed up 3.9% at US$20.68 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 stood firm at the 90 mark in late trading, and finally closed up 2.46% at US$90.68 per barrel; Brent crude oil closed up 2.26% at US$96.48 per barrel.
WIKIFX REPORT: Forex Market Outlook
The forex market is focused on two key factors right now: inflation and Covid-19. These factors are expected to be under the spotlight heading into 2022, driving central banks’ monetary policy decisions. The Dollar index held steady, hovering near its 106.50 level as investors reassess Fed’s moves going forward.
08/09 Market report
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
WIKIFX REPORT: Fed officials beat inflation drum; 50-basis-point rate hike 'reasonable' next month
Federal Reserve officials voiced their determination again on Wednesday to rein in high inflation, although one noted a half-percentage-point hike in the U.S. central bank's key interest rate next month might be enough to march on toward that goal.
WIKIFX REPORT: Choppy price action as USD bid continues, earnings season in focus
USD again hit another cycle high, this time a couple of pips higher at 108.58. But the greenback pulled back after the upside surprise in the US CPI, closing at 108.02.
Is it a good idea to trade Crypto during a market crash?
With cryptocurrency prices falling rapidly since late November and bitcoin sliding below $20,000 for the first time in 18 months, the crypto market is undergoing a contraction phase, better known as ‘crypto winter.’ During this time of volatility, where everyone remains clueless and chaos takes over the market, a bold player will always find an opportunity even in an uncertain market, and that is what crypto trading is all about.
Forex Demo vs Live Trading Account
Newbies often judge themselves incorrectly and rush into live forex trading with real money at the very start. However, trading Forex can be a lot of work all at once since it undergoes various changes and advancements, time and again. Opening a demo account can be your best bet for learning the ropes as you begin. Upon mastering the basics and honing your skills, you can dive into live trading more confidently for your pot of gold.
Many Dare in Forex That You Should Careful
Dare is something to be afraid of by traders. It is because traders don't know how to deal with it. However, some traders get their satisfaction if they conquer it.
GemForex - weekly analysis
Consolidation for the week ahead: US inflation report to cast light on the Fed’s trajectory
WIKIFX REPORT: FVP Trade securities fraud warning from Canada
FVP Trade has received a securities fraud warning from Quebec, Canada.
Mohicans markets ：The Fed continues to raise interest rates sharply and is expected to be boosted again, beware of further efforts by gold and silver bears
On Monday, August 8, spot gold traded below the pivot point at 1776.69 in the Asian session. If it can break through and stand above this level, it may further open up the upside. Spot silver has turned bullish and is currently testing the first resistance at 19.95. WTI crude oil rose slightly, and watch the resistance at 90.26 near the current price. The dollar index failed to test the first resistance at 106.82, and then fell back.
WIKIFX REPORT: Standard Bank fined more than £350,000 for serious failings
The Isle of Man Financial Services Authority says Standard Bank Isle of Man acted in breach of an order issued by the Island's courts.
WIKIFX REPORT: Standard Bank warns of new tax scam targeting customers
South Africa’s biggest bank by total assets, Standard Bank is warning customers of a new tax-related scam doing the rounds as tax season gets into full swing.
WIKIFX REPORT: Standard Bank Group of South Africa leads the banking pack in Africa
Africa’s biggest bank by assets, Standard Bank Group, has retained its seat at the top of the banking pack in Africa.
WIKIFX REPORT: Standard Bank announces Africa Trade Barometer
Standard Bank has launched Africa Trade Barometer, which is expected to become Africa’s leading trade index.
WIKIFX REPORT: Mozambican Central Bank Extends Standard Bank’s Suspension from the Interbank Foreign
The Bank of Mozambique announced today that Standard Bank will continue, for another 12 months, barred from participating in the interbank foreign exchange market, one year after the regulator suspended the institution in this type of operations for “serious violations”.
WIKIFX REPORT: FSCA warns the public against Invest Markets and 24Option.com
The Financial Sector Conduct Authority (FSCA) warns the public to be cautious when doing any financial services business with Invest Markets and 24Option.com which are not authorised to give any financial advice or render any intermediary services in terms of the Financial Advisory and Intermediary Services Act, 2002 (FAIS Act).
WIKIFX REPORT: 24Option Owner Fined By Dutch Regulators
Rodeler Limited, the company behind 24option.com, has been fined €15k for failing to comply with an investigation by the Dutch financial supervisory authority. The regulator decided not to impose the maximum penalty of €2 million, citing the company’s current financial condition. Read on for the details.
WIKIFX REPORT: GO Markets introduces HKEX shares
The regulated Australian broker GO Markets has included Hong Kong market assets into its offering, in addition to the previously available ASX and US shares. GO Markets started offering stocks of leading companies, such as Alibaba, Bank of China and Tencent Holdings.