The S&P 500 is at a crossroads as the markets test the Fed’s resolve to tighten financial conditions to contain price pressures. Will Fed Chair Powell’s address turn the S&P 500? Read More
Crude oil prices were not convinced by the S&P 500 rally on Thursday. Energy traders eagerly await a speech from Fed Chair Jerome Powell at Jackson Hole as well as PCE data. Read More
Data prints coming out of the US may fuel the recent weakness in USD/CAD as the Personal Consumption Expenditure (PCE) Price Index is anticipated to show a slowdown in inflation. Read More
The Australian Dollar benefited from an overnight risk-on move in New York. APAC markets may trade higher as traders prepare for Jerome Powell’s speech. Read More
<p>RoboForex, the Belarusian subsidiary of international <a href=”https://www.financemagnates.com/terms/f/forex-broker/” target=”_blank” id=”bec70c95-6014-438c-9f02-cc3fd8d2cc0e_1″ class=”terms__main-term”>forex broker</a> RoboMarkets, has ceased its operations in the Republic of Belarus three years after receiving a regulatory license to operate there. </p><p>The broker said it will no longer provide access to over-the-counter (OTC) non-deliverable financial instruments to individuals and organizations in the eastern Europe country.</p><p>The company announced the decision […]
US Indices ended in positive territory for the second consecutive day amid stronger-than-expected economic data, but despite hawkish comments from Fed officials. Read More
The Afghan central bank declared forex trading un-Islamic and illegal earlier this year, and issued a warning about continuing activities a month later; now arrests have been made. Read More