Finance Minister Koo Yun-cheol chairs an emergency meeting on reviewing the volatile foreign exchange market at the Korea Federation of Banks in Seoul, Sunday. Courtesy of Ministry of Finance and Economy Top economic and financial policymakers on Sunday pledged to take stern action against market-disruptive activities and speculative trading amid a weakening Korean won. Finance…
NASDAQ 100 The Nasdaq 100 ended up with a very ugly candlestick for the week, most of this would have been the bloodbath on Friday in reaction to those jobs numbers. It’s all about the fear that the Federal Reserve will have to keep interest rates higher for longer. That is a killer for technology…
What has led to a (soft) rebranding at CFDs broker Capital.com? What led to CEO changes INFINOX, and at Scope Markets? Who is behind the launch of tech-for-brokers-and-prop-firms startup Reltrix? What factors caused a $28 million Q1 loss at Far East focused online broker Tiger Brokers? Beyond the aforementioned CEO changes, what executive moves were…
Friday’s dynamically violent trading on the U.S Nasdaq 100 which saw a fall over 4% of value created a cascade of knock-on effects in the global markets including Forex. The GBP/USD did correlate with the broad Forex market. A rush of investors’ money into U.S bonds helped create weakness in many major currencies, this as…
It looks like the still-expanding retail prop trading phenomenon is not for everyone. Or, for every online broker. ATFX, which in early 2025 joined a number of other CFD brokers by launching its own branded prop firm unit called ATFunded selling trader evaluation challenges to retail traders, is apparently shutting down ATFunded. ATFX originally hired…
Financial Times “Daily active users of BeReal, last year’s social media app sensation, are down nearly 50 per cent from their high point, according to data from Business of Apps.” Bloomberg “That’s still well below the 270 million people using Microsoft Teams every month, or the 20 million people using Slack, according to an estimate…
Canadian Highlights Markets swung on hopes of a Middle East truce, but the outlook remains fragile. Canada’s economy has stalled out over the past two quarters, with weak domestic demand and patchy investment pointing to subdued momentum. The upcoming CUSMA review is now central, as Canada looks to pair greater trade clarity with an energy…
EUR/CHF’s extended rebound last week suggests that corrective fall from 0.9264 has completed at 0.9094. But as a temporary top was formed at 0.9191 and initial bias is turned neutral first. Risk will stay on the upside as long as 0.9094 holds. Above 0.9191 will target a test on 0.9264 resistance. Firm break there will…
EUR/AUD stayed in range below 1.6381 last week. Initial bias remains neutral this week first. On the upside, break of 1.6381 will resume the rebound from 1.6108 short term bottom to 100% projection of 1.6108 to 1.6381 from 1.6186 at 1.6459. Firm break there will pave the way to 161.8% projection at 1.6628. Risk will…
EUR/JPY edged higher to 186.18 but retreated sharply since then. Downside is still supported above 184.42 and initial bias remains neutral this week first. Rebound from 182.01 is seen as the second leg of the corrective pattern from 187.93, and could have completed at 186.18 already. Firm break of 184.42 will argue that the third…