Market News

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

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. 

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.

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.

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