Swiss Franc Price Outlook: Banking Woes Support CHF Bid
The Swiss Franc has been one of the top performers against the dollar as its safe-haven allure provides shelter from the recent banking and economic uncertainty Read More
April Jobs Report: NFP Rises by 253k as Unemployment Falls and Average Hourly Earnings Rise
US Jobs numbers surge higher as average hourly earnings adds to inflationary concerns. Unemployment matches January print, a 50-year low. Read More
Cboe’s Global FX Revenue Rises 8% YoY in Q1
The net revenue from foreign exchange trading activities on Cboe Global Markets’ platforms increased by 8% year-over-year during first quarter 2023, the American exchange operator disclosed on Friday in its latest financial performance report. The increase came primarily as a result of higher net transaction fees, Cboe said.Cboe FX Hits Multiple Volume Records in Q1In the report, Cboe noted that […]
S&P 500, Nasdaq Weekly Outlook: Banking Sector Stress Takes Center Stage
US equities have struggled to clear past their recent highs even as the US Federal Reserve hinted at a pause in the hiking cycle. As the earnings season draws to a close, banking sector concerns appear to be taking center stage, posing a risk to the multi-week uptrend. Read More
CME’s FX Link Grows 32% YoY, Spot FX Sees $52.9B in April
Total volumes of spot foreign exchange traded on Electronic Broking Services (EBS) reached $52.9 billion in April 2023, CME Group disclosed on Friday. EBS is the American derivatives exchange operator’s wholesale electronic trading platform for forex trading with market-making banks.FX Link Grows, Spot FX Slumps across RegionsFinance Magnates reports that trading activities in spot FX among institutional investors weakened last […]
Euro Fatiguing Heading Into an Inflation Filled Week?
EUR/USD looks to be prepping for a key technical breakout that could be catalyzed by upcoming US and German inflation data. Read More
British Pound Week Ahead: GBP/USD Stumbles, EUR/GBP Tests Support, BoE on Tap
The Bank of England will announce its latest monetary policy decision next Thursday with a 25bp Bank rate hike already fully priced-in. What Governor Bailey says post-decision will be key. Read More
Africa’s Copy Trading Boom: True Adoption or a Passing Phase?
Copy trading is a common investment practice, but new indicators show that in Africa, the method has become a phenomenal hit. Curiosity about copy trading among Africans is higher than in other developed nations, such as the United States, the United Kingdom and Australia, according to Google data on searches. Investigating the data, Finance Magnates found that some brokerages have […]
Institutional Spot FX Volume Slumps in April after March Jump
Trading activities in spot foreign exchange among institutional investors weakened last month across regions, data from Cboe FX, Deutsche Börse’s 360T, FXSpotStream and Click 365, shows. The decline comes after major trading venues reported stronger output earlier in March. In January, the institutional spot FX demand recovered from the holiday lows in December only to retreat in February. By March, […]
Exclusive: Brokeree Solutions Launches Social Trading Mobile App
Brokeree Solutions, a trading technology provider, has enhanced its social trading solution by launching a mobile application for the service. As detailed to Finance Magnates, the mobile application will have all the features of the desktop version. Brokeree Solutions Enhances Social Trading Experience “With the Social Trading Mobile app, brokers may offer their clients a new level of interaction, allowing […]