US Inflation Falls, US Dollar Dips Ahead of Fed Chair Powell’s Speech
US inflation fell in July, according to the latest PCE release. Will this influence Fed chair Jerome Powell when he speaks at the Jackson Hole symposium later? Read More
Top 3 Industries In The World Where Women Make The Most Money
Women are excellent in many industries, in particular fashion, food and beverage, and manufacturing. There are many amazing women from well-known companies that we could name. In this video we will… Read More
EUR/USD Latest: ECB Minutes Fail to Lift EUR, Hawkish Fed Ahead of Policy Event
The ECB council expressed great concern for inflation but was divided on its first 50-bps hike. The euro appears vulnerable as a hawkish Fed heads to Jackson Hole Read More
GBE Brokers Eyes Middle East Expansion with New Dubai Office
<p><a href=”https://www.financemagnates.com/tag/gbe-brokers/” target=”_blank”>GBE brokers</a> announced on Friday the opening of a new representative office in Dubai, thus further expanding its presence in the Middle East and North Africa (MENA) region. The new office is located at the Binary Tower in the Business Bay area in Dubai.</p><p>“We have created a unique global footprint at the heart of major global financial centers […]
CoinSwitch Kuber Raided by India’s AML Agency
CoinSwitch Kuber, one of India’s largest crypto exchanges, had five of its premises searched by Indian authorities, who alleged the company had violated forex laws.India’s Enforcement Directorate believed the exchange had acquired shares worth more than $250 million in contravention of forex laws, in addition to being non-compliant with KYC requirements. Read More
Indian Agency Raids Crypto Exchange CoinSwitch Kuber for FX Law Violations
<p>Indian anti-money laundering agency, Enforcement Directorate (ED), <a href=”https://www.financemagnates.com/cryptocurrency/news/indian-crypto-exchange-coinswitch-gets-1-91-billion-valuation/” target=”_blank” rel=”nofollow”>raided</a> the premises of CoinSwitch Kuber, one of the largest local cryptocurrency exchanges, under the suspension of forex law violations.</p><p>The agency searched five premises linked to the crypto exchange, including office facilities and residences of directors and the CEO. CoinSwitch allegedly violated the Foreign Exchange Management Act (FEMA) with the […]
DAX and FTSE Struggle as Hawkish Fed Chorus Sets Stage for Fed Chair Powell
The indices struggled in early European trade weighed down by a combination of factors, most notably European and UK energy prices while hawkish US Fed members added to the market’s woes. Read More
Infront Announces Acquisition of Assetmax
<p>In an official announcement on 26 August, Infront <a href=”https://www.infrontfinance.com/news/infront-acquires-assetmax/” target=”_blank”>confirmed</a> that the company has entered into an agreement for the acquisition of Assetmax AG. Through the acquisition, Infront aims to enhance its product offering for wealth management clients across the European region.</p><p>Infront noted that the transaction is expected to be completed by the end of September 2022. The mentioned […]
Find Your Forex Entry Point: 3 Entry Strategies To Try
Deciding when to enter a trade can be complex because of the many variable inputs that move the forex market. Read More
British Pound Forecast: GBP/USD Agenda Dominated by the U.S.
The pound faces several fundamental headwinds as the Fed’s hawkish outlook gains traction. GBP could be under significant pressure if Jackson Hole unfolds as expected. Read More