Forex News

Tech Stocks Take a Hit: A Heartfelt Analysis of the NASDAQ Rotation Fundamental Overview The Nasdaq posted its biggest daily decline since December 2022 yesterday as the rotation out of big tech stocks into more rate sensitive names continues. We can clearly see this internal market dynamic unfolding as the Russell 2000 and the Dow…

The UK’s Financial Conduct Authority Lifts Restrictions on London Capital Group Ltd No Restrictions on LCG UK The UK’s Financial Conduct Authority (FCA) has lifted all restrictions on the licence of London Capital Group Ltd (LCG), a retail forex and contracts for differences (CFDs) broker owned by the now-bankrupt FlowBank. The restrictions were imposed on…

The UK’s Financial Conduct Authority (FCA) has recently announced that they have lifted all restrictions on the licence of London Capital Group Ltd (LCG). LCG is a retail forex and contracts for differences (CFDs) broker that is owned by the now-bankrupt FlowBank. These restrictions were initially imposed on 13 June following FlowBank’s bankruptcy. LCG’s UK…

Time to Talk Money: What Today’s Economic Reports Mean for You European Session Update: Now that the UK labour market report is out of the way, the only notable event left in the European session is the ECB policy decision. The European Central Bank (ECB) is expected to keep interest rates unchanged at 3.75%. The…

Labour Force Survey Challenges and the Transition to TLFS The Labour Force Survey (LFS) faces Quality Challenges The Labour Force Survey (LFS) has been encountering a decline in response rates and quality challenges, leading to concerns about the reliability of the labour market data. In response to this, the Office for National Statistics (ONS) has…

Today’s Shocking Revelation in the Crypto World The Discovery Today (Thursday), Cyber Alert, a Web3 security firm, announced the detection of multiple suspicious transactions involving WazirX’s Safe Multisig wallet on Ethereum. The firm identified that $234.9 million in funds from the wallet were transferred to a new address. Each transaction’s caller was funded by Tornado…

Exploring Conventional in an Unconventional World Opening Remarks by Federal Reserve Bank of Dallas President Lorie Logan Greetings, fellow attendees! Today marks a truly exciting event as we gather here to discuss conventional practices in an unconventional world. As the world continues to rapidly evolve, it is crucial for us to adapt and explore new…

Business Conditions Report Analysis Overview of Business Conditions The recent report on business conditions shows a mixed bag of results, with a slight increase in the index from the prior period but a notable decline in trading conditions and profitability. The employment index also fell, along with forward orders, pointing to a challenging economic environment…