Created on October 23, 2024 Reducing expectations for further US rate cuts continues to drag on EUR/USD, with losses extending below the psychological support level of 1.0800 to the support level of 1.0792. Furthermore, the currency pair is at the lowest level in more than two and a half months. Amid this performance the US

Created on October 23, 2024 Despite the strong gains of the US dollar, the price of gold rose to around $2753 per ounce, trading at record levels, the highest in the history of the gold market. Its successive gains were supported by its status as a safe-haven asset. Reports indicated that tensions in the Middle

Created on October 23, 2024 The US dollar is still the strongest against the rest of the major currencies due to factors that reduce expectations regarding further US interest rate cuts, in addition to the possibility of Trump winning the US presidential elections. Additionally, there is increasing demand for buying the US dollar as a

As part of our commitment to providing traders worldwide with the tools they need to execute strategies of any level, we present tastyfx, our newest brokerage partner. This integration opens up new prospects for US users to navigate the forex market. Founded in 2019, tastyfx has quickly become the third-largest forex brokerage in the US.

A hands-on guide to coding Forex trading strategies in Python, exploring mean reversion, and understanding the value of failure Photo by PiggyBank on Unsplash I’ve had some time to continue working on my Python Forex Trading Bot (code borrowed from this source and tweaked by me) now that we’re all self-isolating. Note: This project is

Lee Beng Hong, CEO of SGX FX and head of wholesale markets & platforms at Singapore Exchange (SGX Group), said the company would like to grow electronic trading of currency options as average daily volume (ADV) of both over-the-counter and exchange-traded derivatives reached a record. SGX reported that OTC FX ADV surpassed its target by

The USD/CAD pair had a steep rally in October. Canada’s inflation has eased significantly, increasing bets for a super-sized BoC rate cut. Oil rose due to an improving demand outlook in China. The USD/CAD forecast suggests profit-taking after a strong rally, with the pair easing ahead of the crucial Bank of Canada policy meeting. At

Representational image. | Photo Credit: REUTERS The rupee stayed almost flat, trading 1 paisa higher at 84.07 against the US dollar in early trade on Wednesday (October 23, 2024) dragged down by strengthening American currency and relentless outflow of foreign funds. Forex traders said a downward trend in domestic equity markets and elevated level of

Institutional-grade eFX trading platform provider Spark Systems, which recently received a strategic investment from ATFX, has announced that it has been awarded a major contract by Singapore bank OCBC, to deliver its core FX pricing and trading platform. Under this partnership, Spark will work with OCBC to build a cutting-edge foreign exchange (FX) trading platform

The Reserve Bank of India has added as many as 13 new names to its “Alert List” of unauthorised forex trading platforms, news agency PTI reported on October 22. Following this update, the total number of entities on the list now stands at 88. The latest additions include names such as TDFX, Inefex, Ranger Capital,

By Reuters  &nbspOctober 22, 2024 | 05:09 pm PT The Philippines has suspended government work and shut schools, and its central bank halted foreign currency trading due to Tropical Storm Trami, which was barreling in towards the east coast of the country’s main island of Luzon. State weather forecaster Pag-asa said in its 5 a.m.

Created on October 22, 2024 At the beginning of this week, the Japanese Yen declined below 150.80 yen per US dollar, the highest level for the currency pair in more than two months. With the recent performance, the USD/JPY pair is returning to the key psychological level of 150 yen per dollar, which markets fear

ForexRova Debuts: Avenix Fzco’s Answer to Automated Forex Trading Demand – Chainwire Home Newsroom ForexRova Debuts: Avenix Fzco’s Answer to Automated Forex Trading Demand We use cookies to make Chainwire’s website a better experience. Cookies help us provide a more personalized experience and relevant advertising for you,

RBI Expands Alert List: 13 New Unauthorised Forex Trading Platforms Identified; Check Details Here | Representative image The Reserve bank of India (RBI) on Tuesday (October 22) issued an update to its “Alert List”, adding 13 names of unauthorised foreign exchange (forex) trading platforms. This move by the RBI is to protect the public from

The dollar traded near an over 2-month high against its peers. Traders price an 89% chance of a 25-bps Fed rate cut in November. Economists expect the next BoJ rate hike in March next year. The USD/JPY price analysis shows that the bets for a Trump win are rising, boosting the dollar against the yen

Sterling weakened broadly in a subdued trading today, with no significant data releases to drive market activity. Investors are awaiting BoE Governor Andrew Bailey’s upcoming speech, where he might reaffirm a dovish tone. Earlier this month, in an interview with The Guardian, Bailey hinted at the possibility of becoming “a bit more activist” and cutting

An interesting exchange took place on social media (and, apparently, behind the scenes) over the weekend between Dallas, Texas based retail prop trading firm MyFundedFX and popular industry comparison site PropFirmMatch.com. The discussion included a threat by MyFundedFX and its CEO Matt Leach to revoke PropFirmMatch.com’s affiliate status and privileges. The exchange began Friday, when

Created on October 22, 2024 Leading global Forex and CFD broker Axi celebrates the one-year anniversary of the launch of their pioneering capital allocation program, Axi Select. Per the broker, Axi Select breaks away from traditional norms in the prop trading industry; instead, it stands out as the first funded trader-centric program that provides traders

File image. | Photo Credit: Reuters The Reserve Bank of India (RBI) on Tuesday (October 22, 2024) added 13 entities/platforms/websites to the Alert List of unauthorised Forex trading platforms. These include: Ranger Capital https://www.rangercapital.net TDFX https://www.tdfx.exchange  Inefex https://www.inefex.com/international  YorkerFX https://yorkermarkets.com Growline https://grow-line.org  Think Markets https://www.thinkmarkets.com  Smart Prop Trader https://www.smartproptrader.com  FundedNext https://fundednext.com Weltrade https://www.weltrade.com  FreshForex https://freshforex.com  FX Road https://www.fxroad.com  DBG Markets https://www.dbgmarketsglobal.com  Plusonetrade https://www.plusonetrade.com Published – October 22, 2024

London based OptAxe, a fully centralised trading venue for liquidity discovery, dissemination and execution, has announced it has received FCA authorisation to operate a multilateral trading facility (MTF) for axe-driven FX options trading. OptAxe was launched in 2022 by HSBC FX veterans Chris Jackson (CEO) and Yorke O’Leary (COO), to address fundamental shortcomings in FX