Central Bank Crackdown: Nigeria Targets Forex Fraud Amidst Economic Challenges
Nigeria’s central bank governor, Olayemi Cardoso, delivered a stern message on Friday, warning that entities involved in fraudulent foreign exchange activities would face repercussions. This announcement came in the wake of a significant development: a forensic audit aimed at clearing a backlog of $7 billion in overdue forex transactions. The audit revealed a staggering $2.4 […]
Federal Reserve Holds Rates, Signals Caution Amid Market Reactions
In a widely anticipated move, the Federal Reserve opted to leave interest rates unchanged on Wednesday, marking a pivotal shift in its policy stance. While maintaining the status quo, the central bank took significant steps toward signaling potential rate cuts in the coming months. The accompanying policy statement tempered inflation concerns with a recognition of […]
Navigating Stability: Indian Rupee’s Cautious Stance Amid Global Economic Dynamics
The Indian rupee maintained relative stability on Thursday, echoing the muted movements seen in most Asian currencies. Investors’ focus has now shifted towards key U.S. economic data, which holds the potential to shape expectations regarding possible adjustments in policy rates by the Federal Reserve. As of 9:30 a.m. IST, the rupee stood at 83.1125 against […]
Lam Research Forecasts Strong Q3 Revenue Amid Semiconductor Industry Rebound
Lam Research, a key player in the semiconductor manufacturing equipment industry, has forecasted third-quarter revenue that surpasses analysts’ estimates, showcasing a rebound in demand for electronics products and a recovery from the challenges faced in the previous year. The company experienced difficulties in 2023 due to an inventory buildup at chipmakers caused by decreased demand […]
London Court Revives $35 Billion Forex Lawsuit Against Banks
In a significant legal development, a London court has revived a $35 billion lawsuit against major banks accused of manipulating the foreign exchange (forex) market. The decision comes as a major blow to the banking industry and could have far-reaching implications for the implicated financial institutions. The court’s ruling reflects a renewed effort to hold […]
Indian Equity Markets Decline Amid Weak Global Cues and Sector-Specific Pressure
Indian equity markets experienced a downward trend in early trading on Thursday, influenced by weak global cues. The technology, financials, metals, and consumer goods sectors were the primary contributors to the decline. The 30-share BSE Sensex dropped 60 points or 0.09 percent, trading at 65,386, while the broader NSE Nifty fell 14 points or 0.07 […]
XTrend Speed Wins Two Esteemed Titles at the Global Business Review Magazine Awards 2023
Dubai, UAE – On 15th May 2023, XTrend Speed, the most high-efficiency app has won two prestigious awards at the Global Business Review Magazine Award program 2023. The categories are “Best Customer Service Forex Broker – Global 2023” and “Best Zero Spread and Commission Forex Broker – Global 2023”. XTrend Speed is owned and operated […]
Bahamas investigators are looking into the FTX collapse
Authorities in the Bahamas are looking into the FTX collapse to see if any illegal activity took place, according to a statement from the Royal Bahamas Police on Sunday.One of the most high-profile cryptocurrency meltdowns, FTX filed for bankruptcy on Friday after traders rushed to remove $6 billion off the platform in only 72 hours […]
Now You Can Trade Multiple Assets with Fullerton Markets
Fullerton Markets has been providing traders with an unparalleled experience since it first opened its doors in 2016. For years, the broker primarily served as a Forex broker but now, offers stock and cryptocurrency CFD on top of commodities (precious metals) and indices. With this move, clients have access to multiple investment products that provide […]
RoboMarkets – The Ultimate Platform for Forex Trading: Recognized as the Best Retail Broker Global at Global Business Review Magazine Award 2021
Forex trading has seen an upper trend across the globe, and more traders are joining every day. Forex Markets can yield very good results if studied and executed in a near perfect way. RoboMarkets is one of the most trusted and easy to use platforms when it comes to Forex trading. RoboMarkets was awarded for […]