Forex Operators Show Interest In Lucrative MENA Region
The Middle East and North Africa (MENA) region is quickly becoming a hot spot for the forex market. In the past, local instability and the low oil prices have slowed down their development. However, the market is showing steady growth
Read MoreAustralian Brokers Fighting Back Against ASIC Demands
The Australian Securities and Investments Commission (ASIC) recently received increased product intervention powers. The financial watchdog wasted no time in putting out a request for detailed information that current brokers in the Australian marketplace had to supply. However, this request
Read MoreDeutsche Börse Says No to Rumoured $3.5bn Price Tag for FXall
News has been bubbling about the upcoming purchase of the FXall unit of Refinitiv by the Deutsche Börse exchange. Though there have only been rumours floating around, the exchange finally confirmed that they were in negotiations for the purchase. However,
Read MoreIMF Slashes Global Growth Outlook On Policy Uncertainty, Trade Tensions
On Tuesday, the International Monetary Fund trimmed this year’s global economic growth prediction by mentioning commercial conflicts, weaker business confidence, stricter financial situation and greater policy unpredictability. The Washington based institution slashed this year’s growth estimate to 3.3% in its
Read MoreSaudi Aramco Bond Value Hits $30bn Due To Massive Demand
Saudi Aramco recently issued its first bonds and the response has been staggering. The state-run oil giant has witnessed massive demand for its bonds which has boosted its value to over $30 billion, according to Saudi Energy Minister Khalid al-Falih.
Read MoreASIC To Decide Which FIN Products Can Be Offered In Australia
Change is coming to the financial regulatory environment in Australia. This is thanks to the new bill that just passed and now only requires formal approval to become a law. The Design and Distribution Obligations and Product Intervention Powers Bill
Read MoreUS Service Sector Growth Slackens More Than Anticipated In March
According to a report published by the Institute for Supply Management on Wednesday, services sector growth rate in the US decelerated in March after a substantial run up in the earlier month. After leaping to 59.7 in February, the ISM
Read MoreBitcoin’s Surprise Jump In Value Boosts Crypto Market
There is finally some good news for bitcoin holders after a long time. The world’s most popular cryptocurrency experienced a sudden surge in value and crossed the $5,000 mark this week. A surge of this level that hasn’t been seen
Read MoreFCA To Permanently Ban Binary Options From Tomorrow
The Financial Conduct Authority (FCA) has confirmed that it will roll out a permanent ban on retail selling of binary options. This does not come as a huge surprise as the UK financial watchdog had imposed major restrictions on the
Read MoreRussian Forex Association Cracks Down On Illegal FX Brokers
Forex trading is a massive business that takes place across the world. Like any other industry, the forex industry has received flak mainly because there are a few bad actors in every country who cheat and con traders. The Russian
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