Spot Forex Trading vs Spread Betting
When it comes to speculating on currency markets, two popular methods stand out: Spot forex trading and spread betting.
Preventing Financial Disasters: A Safety Guide for Forex Investors
Forex trading involves the exchange of currencies from different countries and regions, making it one of the largest financial markets in the world, with a daily trading volume exceeding $5 trillion.
Why Do Different Forex Brokers Have Different Prices?
The variation in prices for the same currency pair among different brokers can often cause confusion, particularly for novice forex traders.
Nigeria's Inflation Rate Hits 25.80% in August 2023
Nigeria's inflation rate soared to 25.80% in August 2023. This marked the highest level of inflation since September 2005.
New Zealand Banks to Adopt New Scam Prevention Measures
Banks in New Zealand on Friday announced new measures to combat scams, including the establishment of a national Anti-Scam Centre, the consolidation of resources to combat money laundering, and raising public awareness of fraud prevention.
Empowering Traders with Information: The Role of WikiFX in the Online Trading World
In today's fast-paced financial markets, online trading has become increasingly popular as individuals seek to seize investment opportunities from the comfort of their own homes.
Japan’s Wholesale Inflation Slows for 8th Month, Stays Above Target
In the latest economic update from Japan, the nation’s wholesale inflation rate exhibited a continuing trend of deceleration in August, marking the eighth consecutive month of decline. This development is likely to be received with relief by households and retailers alike, who have been grappling with the ramifications of earlier sharp spikes in the costs of raw material imports.
Empowering Traders: Unveiling the Benefits of wikiFX VPS Service
In the fast-paced world of forex trading, having a technological edge can make all the difference between success and missed opportunities.
Week Ahead: US Inflation and ECB Meeting to spark volatility
The risk event calendar picks up this week with top tier US and UK data, the ECB meeting and a slew of Chinese figures to watch out for. The big recent theme across the summer has been the resilience in US economy data and the rise in both Treasury yields and the greenback.
The Importance of Verifying Forex Brokers Before Entering Forex Trading: A Spotlight on WikiFX
Forex trading, also known as foreign exchange trading, has become increasingly popular among both novice and seasoned investors.
US Dollar Recovers from Jobs Shock, Australian Dollar Dips on Cooling Inflation
On Wednesday, the dollar saw its sharpest drop in a month and a half due to the prevailing sentiment among investors that the less-than-expected U.S. jobs data has reduced the chances of additional interest rate increases from the Federal Reserve. Concurrently, the Japanese yen has maintained its position close to 146 against the dollar, bouncing back from its 10-month nadir of 147.375. This resurgence was credited to a decrease in Treasury yields, which undermined backing for the U.S. currency.
Crude Prices Flat as Possible Rate Hikes Fuel Demand Worries
On Monday crude oil prices were flat, pressured by concerns that more U.S. interest rate increases may dent demand.
Ringgit opens lower versus US dollar!!
On Monday (August 28), the Malaysian ringgit commenced trading with a decline against the US dollar, as the strength of the greenback persisted due to hawkish remarks made by Jerome Powell, the Chair of the US Federal Reserve.
Ringgit could rise amid global uncertainties?!
The domestic currency is expected to remain within the range of RM4.64 to RM4.65 today.
Stocks Pick of The Week - Inflation Data Alters Fed Expectations; Tech Sector Reacts
It appears that the market has made a decision: The relatively quiet inflation report for July has sparked expectations that the Federal Reserve may hold off on additional interest rate increases.
The US dollar is trading flat as Monday’s trading session gets underway
As the trading session begins on Monday, the US dollar is showing no significant movement. The currency gained momentum on Friday when US producer prices were reported higher than anticipated. Although the discrepancy was not sizeable, it continued the previous trend of producer price readings exceeding expectations, which was also observed during the minor Consumer Price Index increase disclosed on Thursday.
Stocks Pick of The Week - Inflation Data Alters Fed Expectations; Tech Sector Reacts
It appears that the market has made a decision: The relatively quiet inflation report for July has sparked expectations that the Federal Reserve may hold off on additional interest rate increases.
Ringgit lower against US dollar in early trade
At 9:01 AM, the domestic currency weakened to 4.6275/6295 against the US dollar, a decrease from yesterday's closing rate of 4.6140/6175.
Intraday Chart Tips
Powered by WikiFX: (GOLD, EUR/USD, GBP/USD and USD/JPY) Technical Analysis August 10 , 2023
SPR and Inflation – Strategic Petroleum Reserve Hits Historic Low
The Strategic Petroleum Reserve (SPR) has served as a pillar of security for the United States since 1975, providing the capacity to react to emergencies and oil trade conflicts. The recent Ukraine conflict has prompted the SPR to assume a new function—that of combating inflation caused by the sanctions against Russia due to its invasion of Ukraine.
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