Search
COT witnesses change as Bullish euro bets hit a 15-month high
1.11.2022
The traders increased their bullish exposure to the relatively weak euro. It was observed that the currency has been falling for two years, putting a warning for bearish investors. The decrease in short positions was noted, but the notable hike in long bets was also evident. The prices being...
The rupee continues to trade lower against the greenback; What’s next?
30.10.2022
Indian rupee ended at a fresh record low The Indian rupee closed the day on Wednesday at a new record low concerning the US dollar. The USD/INR climbs above 83 for the first time in history as the unrelenting decline in the Indian rupee’s value relative to the United States dollar continues....
Nigerian Central Bank Says It Will Release New Banknotes in December — Naira Falls to New Low
29.10.2022
Starting December 15, Nigerians will be using newly-designed 100, 200, 500 and 1,000-naira banknotes, the governor of the Central Bank of Nigeria (CBN) has said. The announcement has since resulted in the naira’s parallel market exchange rate versus the U.S. dollar dropping to a new low...
New York-based forex broker Oanda launches crypto trading services in the US
21.10.2022
The broker’s partnership with Paxos will enable U.S.-based investors to spot-trade cryptocurrencies on Paxos’ itBit exchange through Oanda’s mobile platform
Forex trading in India: The current scenario and the way forward
19.10.2022
India has always been a land of opportunities, and the same goes for forex trading. The recent changes in the forex trading scenario in India have been nothing short of revolutionary, and the future looks even more promising. From the legal aspects to the best brokers and platforms, read to learn...
AUD/USD slips down to 0.6300
19.10.2022
The AUD/USD pair was last seen at 0.6300 following the prevailing risk in the global market. The three factors causing worry are:- The employment numbers are yet to be reported. The chance of the Fed to hike the rate. China’s covid incidents. Australia’s employment change is estimated...
GPB points towards increased volatility for the UK capital market
17.10.2022
Liz Truss lost her position after her credibility went for a ride post the u-turn on tax cuts. There is a gap between her government and the capital market, which is becoming more evident with each passing day. Higher volatility in GBP is now inevitable, with support from the chances that...
FX Strategists From Citi Say Euro Could Sink to $0.86 if Macro Turmoil Continues
16.10.2022
While the euro has found support between 0.96 to 0.97 nominal U.S. dollars per unit, foreign exchange (FX) strategists from Citi believe the euro could tap a low of around $0.86 against the greenback. While the dollar slumped on October 13, the fiat currency is rising again and market strategists...
US CPI data signals high-price inflation
13.10.2022
The US markets are eyeing another hike in the rate by early November. If reports are to be believed, then the Fed has every intention of taking the shot in an attempt to lower inflation. S&P500 and Nasdaq 100 closed their doors on a lower note before receiving an 18-month low figure. According...
Report: Withdrawal Limits for Egyptian Travelers Lowered as Banks Seek to Conserve Scarce Forex
13.10.2022
According to a report, some Egyptian banks recently informed clients who plan to travel abroad that they can now only withdraw $2,000 or less. The banks have also lowered the amount of foreign exchange that clients can withdraw when abroad. Egypt’s ongoing shortage of foreign exchange...
Vanuatu to require physical presence of brokers
12.10.2022
Vanuatu, which happens to be one of the much-favored destination points for brokers of various kinds and is involved in multiple verticals of businesses, has tweaked the rules a mite regarding running their operations on their soil. This new diktat will be officially in force starting from October...
The AUD/USD currency pair is struggling and losing momentum
12.10.2022
The week did not start well for the Australian Dollar, as the currency encountered a quick 1% dip. The fall did not stop as Wednesday witnessed the AUD/USD trading pair trailing at 0.6266. Several traders expected the European session to bring good news, but it resulted in the currency dipping...
560 New Stock CFDs Uplift Global Brokerage’s Business Growth
11.10.2022
After adding new crypto CFD products in June this year, Infinox has added 560 new Stock CFDs to its offering. Products are available to all traders irrespective of their registration status. Retail and institutional traders can access the new listing and diversify their portfolios. The new listing...
AUD/USD and Consumer Price Index: a Technical Analysis
10.10.2022
The Asian-Pacific trade market is on a down roll at the moment. Wall Street and S&P 500 signaled a bearish trend at the end of the previous week. Opening the current week could be difficult unless the market has the key to open the gates for a bull. Wall Street indicated that the market would...
With Predictions for Future Stability, G10 FX Attracts Attention
4.10.2022
The Bank of England is pondering its response to what has happened with the assets of the United Kingdom. A rough relationship between the Truss government and the capital market eventually led to where the markets are right now. GBPUSD carries volatility that makes it rather difficult for...
Kenyan Central Bank Rejects Deputy President Rigathi Gachagua’s Claims Country Lacks Forex to Import Oil
4.10.2022
The Central Bank of Kenya appeared to rebuke the country’s new deputy president Rigathi Gachagua, after it rejected the latter’s claims the East African nation lacks enough foreign exchange to import oil. According to the bank, all the foreign exchange used in private transactions...
Forex Shortages Blamed After Nigerian Currency Hits New Low Versus the US Dollar
3.10.2022
A surge in the demand for foreign exchange and the general scarcity of the resource may be the reasons why the naira currency recently slumped to a new all-time low of 735 versus the U.S. dollar, a report has said. One Nigerian currency dealer said he expects the naira to further depreciate to...
Hong Kong Protects Local Currency in Forex Market Amid Capital Flight to US Dollar
29.9.2022
Following the Bank of England explaining that it would be meddling in U.K. bond markets and the Bank of Japan defending the yen in the foreign exchange market last week, the Hong Kong Monetary Authority (HKMA) revealed it intervened in forex markets on Wednesday. Hong Kong’s central bank...
British Pound Taps All-Time Low Against US Dollar Following BOE’s 50bps Rate Hike
26.9.2022
The world’s oldest fiat currency, the British pound sterling, slid to an all-time low against the U.S. dollar at a little after 1 a.m. (ET) Monday morning. At the time, the pound tapped 1.0327 nominal U.S. dollars per unit, but rebounded against the greenback to 1.0775 by 11 a.m. Monday...
Dollar Rises Against Indian Rupee and Six Other Peers
26.9.2022
The rupee is not exactly in freefall, but the bearish series does show that the Rupee is sliding down every day. To be precise, the Indian currency has crossed ₹81 against the US Dollar to touch the mark of ₹81.54. This is the third straight session in which the national currency has gone down....