Gold set an all-time high at $2070 on March 08, 2022, when the price skyrocketed amid investors’ worries about the military conflict in Eastern Europe.
After several weeks of Rishi Sunak’s appointment as the new Prime Minister, it is obvious that he has claimed quite the public support.
The US labor market and the OPEC+ meeting are the most important variables for next week.
The Pound has recently been put under a lot of pressure both from the Bank of England and the UK Budget. This has investors questioning what brought the UK to this point, and what should they expect for 2023?
The international broker OctaFX expert team reviews the soybean market’s current situation.
Self-sovereign digital identity platform, Ziden has joined the blockchain ecosystem of Oraichain with the stated goal of facilitating rapid growth inside the network’s cutting-edge AI Layer 1 infrastructure. The milestone comes hot on the heels of emerging from the Oraichain for DApps Accelerator Program.
Global Central Banks seek to restrict inflation with further Hikes. The Bank of England, Federal Reserve and European Central Bank have all hiked by a further 0.75%, but what guidance is there for the coming months? Continue reading to find out.
UK appoints a new prime minister, Rishi Sunak, but is he coming to the rescue? The UK, its national currency, and the British equities have had a very turbulent few months. Read more here.
The pound now has prompted a new optimistic outlook to target 1.20 if Sunak was able to sustain his mandate
The British pound is trading in the horizontal channel between 1.0920 and 1.1470 as Prime Minister Liz Truss resigned last week leaving the country’s future uncertain
Falling by 92% since the IPO, Robinhood (HOOD) is far from feeling great. The stock market that has been booming because of helicopter money in 2020 and 2021 resembles a dead man now.
Did Markets just shrug off inflation data or is the grass greener on the other side?
Job growth in the U.S. sends stocks down as the Non-Farm payrolls figures come better than expected, with a reading of of 263K vs 248K forecast, in addition to unemployment rate decreasing to 3.5% vs 3.7%, reflecting a solid labour market and an even stronger U.S. economy.
After The UK government unveiled their top tax rate cut, setting fire to GBP Cross pairs, prompting an intensive sell-off on the cable
Quite the confusion is afoot in the financial markets. Tighter regulation, rising inflation, energy sector disruptions, social unrest and wars have taken a toll on the world’s economies. How come Forex, as a means of investment, has come up on top as a global trend in 2022? Against the backdrop of current events, the international broker’s expert team at OctaFX has gathered some answers.
Sterling dominated the headlines last week, as there were concerns the UK government might struggle to service its debt.
Refinitiv, the former Financial and Risk business of Thomson Reuters, today reported that the average daily volumes (ADV) of currency trading were $413 billion last month on the company’s main FX trading services.
We heard from a range of central banks last week and the update sparked big moves in the markets, and the bulk of the volatility was in currencies.
The markets saw an increase in volatility towards the end of last week as bond yields ticked up, and that indicated the markets are factoring in more large rate hikes from central banks
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