Prop Trading Firm’s Regulations
For those traders who might have missed the latest news, the prop trading company has suffered a serious blow. My Forex Funds, a forex prop firm, is accused of illegally taking over $300 million in customer funds, according to recent court filings. This incident is a turning point in the history of proprietary trading and […]
Nasdaq Holidays 2023: Uncover Trading Patterns
Nasdaq Holidays 2023 The Nasdaq Stock Market, one of the world’s largest and most renowned stock exchanges, is home to a diverse range of companies spanning technology, healthcare, finance, and more. As traders flock to Nasdaq to buy and sell shares, it’s important to be aware of the exchange’s holiday schedule to plan trading activities […]
Nigeria’s Foreign Exchange Policy: A Step Forward, But No Magic Wand
Nigeria’s foreign exchange market has been buzzing lately, thanks to some significant changes announced by the Central Bank of Nigeria (CBN). These changes, which have sparked a wave of cautious optimism, shift the responsibility of determining currency rates from the central bank to market forces. This move aligns with President Bola Ahmed Tinubu’s administration’s push […]
Two Trades to Watch: DAX and Oil Outlook
DAX Resilient Despite Manufacturing Weakness Despite losses in the previous session, the DAX index is poised for a mildly positive start as investors assess the latest data from Germany. Industrial production in Germany increased by 0.3% month-on-month in April, recovering from the 3.4% decline in March. However, concerns persist as recent German manufacturing PMI data […]
Federal Reserve Meeting Minutes Reveal Split Views on Interest Rate Hikes
The recently released meeting minutes of the Federal Reserve showcased a division among officials regarding the necessity of further interest rate increases. While some members advocated for additional hikes, others suggested a gradual reduction, according to Economies.com. In the previous month, the Federal Reserve had raised interest rates by 25 basis points. However, the minutes […]
Economic Risks Darken Demand Outlook for Oil Prices
Crude oil prices have fallen to their lowest level since March 24, dropping more than 11% since the start of the month, according to DailyFX.com. WTI futures are down 5% in early afternoon trading in New York, indicating that bears are in control of the market. Traders fear that the US economy is headed for […]
Gold Uptrend Hinges on Breaking Through Key Resistance Levels
For four of the past five days, gold has been testing the support of its short-term uptrend line, but each time it has been rejected to the upside around the line, according to a forecast by Bruce Powers on FXempire.com. Over the past five trading days, there has been a series of higher daily lows, […]
