Archives
Venezuela wins UK court decision in battle to get its gold back
October 6th, 2020
The UK’s appeals court has ruled in favor of President Nicolas Maduro’s government in the battle to repatriate Venezuela’s $1 billion worth of gold held at the Bank of England, reversing an earlier decision. The UK High Court ruled ...
Ruble’s slump has killed hopes of further rate cuts in Russia
October 6th, 2020
Traders are betting that the Bank of Russia will put interest rate cuts on hold after the ruble’s 9% slump against the dollar in the past three months. Forward-rate agreements, which have been predicting more monetary easing for most ...
Gold prices were little changed on Monday; Silver price rose
October 5th, 2020
Gold prices were little changed on Monday, as investors sought more clarity on developments in U.S. President Donald Trump’s health after he tested positive for COVID-19 last week. Spot gold was nearly flat at $1,896.21 per ounce by 0328 ...
The dollar clung to familiar ranges on Monday
October 5th, 2020
The dollar clung to familiar ranges on Monday as financial markets awaited news on the health of U.S. President Donald Trump, who last week tested positive for the coronavirus, sending investors into safe-haven assets. Risk-sensitive markets such as stocks ...
Euro area unemployment at 8.1%
October 2nd, 2020
In August 2020, the euro area seasonally-adjusted unemployment rate has continued to rise for 5 consecutive months, reaching 8.1%. The same trend has applied to the EU unemployment rate that reached 7.4% in August 2020. These figures are published ...
Bitcoin posts a 66-day consecutive streak above the $10K price range
October 2nd, 2020
The Bitcoin network has achieved a few new milestones during the last week, as the price has remained above the $10k range for a record 66 consecutive days. Meanwhile, the network has surpassed 18.5 million bitcoin issued, as the ...
Rollercoaster Pound Sterling ride
October 2nd, 2020
After an early slide, Sterling was subjected to high volatility as reports of a potential landing zone for level playing field and fisheries issues were quickly denied by EU sources. Sterling ended the European session with limited net losses ...
How can cTrader benefit your brokerage?
September 30th, 2020
Many of you are already aware that Spotware is celebrating its 10th birthday – an entire decade in the industry filled with excellence, amelioration and new partnerships, all based on our core Traders First™ motto. But how exactly does the cTrader Suite help ...
Fondex Adds Paytrust88 to its Funding Methods to Facilitate Asian Market Deposits
September 30th, 2020
Fondex, the multi-award winning and regulated online CFD broker, has announced a new addition to its various account funding methods in the face of Paytrust88. Paytrust88 is a reputable payment provider, specialized on the support of Asian market payments. ...
J.P. Morgan Securities admits to manipulative trading in U.S. Treasuries
September 30th, 2020
The Securities and Exchange Commission announced charges against J.P. Morgan Securities LLC, a broker-dealer subsidiary of JPMorgan Chase & Co., for fraudulently engaging in manipulative trading of U.S. Treasury securities. J.P. Morgan Securities admitted the findings in the SEC’s ...
