Euronext’s FX trading volumes up by 26% MoM in March 2023 Overview The average daily volume in FX for last month came in at $22.6 billion. Compared to February’s $20.6 billion, this was also a 9.7% MoM increase. Total Cash Market numbers in March stood at $292.0 million, up by 22.7% MoM compared to the…
A Tale of Cryptocurrency Investment Fraud: The Curious Case of Rashawn Russell Alleged Fraudster Faces Criminal and Civil Charges A New York-based former investment banker and registered broker, Rashawn Russell, found himself in hot water this week as he was arrested for running a cryptocurrency investment fraud scheme. The US prosecutors wasted no time in…
GBP/USD grinds near 1.2415-20 as bulls struggle to keep the reins As the sun rises on a key Wednesday in the world of forex trading, the GBP/USD pair finds itself in a tight spot near the 1.2415-20 mark. Bulls are having a tough time maintaining control as uncertainty looms over the market. The US Dollar…
The Rising Adoption of Cloud Computing in Financial Services What is Cloud Computing? For good reason, the financial services industry is quickly adopting cloud computing technology. Cloud computing is the internet-based distribution of computing services such as software, storage, and processing power. This technology allows users to access applications and data over the internet without…
NZDCAD Short-Term Forecast Update: A Quirky and Personal Take on the Latest Update! Description: Hi Traders! NZDCAD short-term forecast update and follow up is here. On March 8th, 2023 I shared this “NZDCAD Short-Term Forecast And Technical Analysis” post in our blog. In this post, let’s do a recap of this setup and see how…
Market Fluctuations: A Rollercoaster Ride Ups and Downs in the US Stock Market The US stock market traded yesterday without a single trend. At the close of trading, Dow Jones Index (US30) increased by 0.30%, S&P 500 (US500) added 0.10%. But NASDAQ Technology Index (US100) was down by 0.03%. It seems like the market is…
US March CPI And Fed Minutes Set Up Next Rate Hike The Latest Scoop on Fed Rate Hike Expectations Hey there fellow traders! If you’ve been keeping an eye on the Fed’s moves, you probably already know that the next rate hike is in the cards. Just under three quarters of traders are currently expecting…
Heading Subheading Sub-subheading Last Friday’s employment data indicated that the jobs market remained hot in March, raising the likelihood of a Fed hike. Dollar got a lift following the long holiday weekend, weighing on counterparts. Chart: XAUUSD Key Factors for Today Dollar receives lift from strong employment data, gold back under $2k threshold US inflation…
