Global Panic Builds as Forex Shifts into Risk-Off Mode
Global markets plunged into a broad sell-off today, with U.S. equities, crypto assets, and various indexes all sharply lower as risk-off sentiment intensified. The forex market followed suit, shifting into “safe-haven mode” — the Japanese yen and Swiss franc surged, while risk-sensitive currencies like the Australian dollar, New Zealand dollar, and Canadian dollar came under heavy pressure. Tariff concerns acted as the trigger, prompting capital rotation and a clear shift in market structure.
Forex BackTesting: Pros and Cons | Best Free Backtesting Software to Explore
Imagine you're driving from New York City to Philadelphia and want to know if your route is optimal, then you take two steps: Firstly, you gather the traffic records in the past five years, including traffic patterns, historic weather conditions, and holiday congestion records. Second, you run simulations of your proposed road to see if it is most efficient and fuel-saving before an actual trip.
NovaTech Scam Alert: Avoid Unregulated Forex & Crypto Fraud
Novatech FX Ltd. (“Novatech”), founded in 2019, was registered in St. Vincent and the Grenadines, a jurisdiction known for its minimal regulations and booming unlicensed brokers. NovaTech, which said it was a leading forex and crypto trading platform, claimed to have its own trading software with deep liquidity. Mostly active from 2020 to 2023, they attracted investors by promising monthly returns of 3% to 5%. Accusing them of a $600 million investment fraud, the SEC filed charges on August 12, 2024, against NovaTech FX, Cynthia and Eddy Petion, and several promoters.
Forex Price Trend Prediction! | Come be a New Year Price Winner!
Become a New Year Price Winner by predicting the fluctuations of Forex!
US Manufacturing PMI Exceeds Expectations, Gold Retreats from Three-Week Highs
This week, the gold market has been influenced by multiple factors, with prices retreating from three-week highs but still showing potential for a bullish rebound. The robust performance of the U.S. January ISM Manufacturing PMI, coupled with rising U.S. Treasury yields have put downward pressure on gold prices.
Citadel Securities
Registered in the United States, Citadel Securities drives markets through trading, research, and technology. The company's work is driven by the fusion of financial, mathematical, and engineering expertise to provide liquidity to important financial institutions.
Bursa Malaysia Dips as Investors Brace for 2025 Uncertainty
Bursa Malaysia saw a slight dip on the final trading day of the year as profit-taking and cautious sentiment dominated. The FBM KLCI declined 3.4 points to 1,634.28, with muted turnover of RM822.07 million due to year-end festivities. Blue-chip stocks, including Tenaga Nasional and Telekom Malaysia, experienced declines, while regional markets remained subdued amid global uncertainties. As 2024 approaches, investors remain cautious, balancing risks with potential opportunities.
What Impact Does Japan’s Positive Output Gap Have on the Yen?
The Japanese government has announced that, due to a tight labor market, the country’s economic output is expected to return to full capacity in the next fiscal year for the first time in seven years.
Russia to Fully Ban Crypto Mining in 10 Regions Starting January 1, 2025
Starting from January 1, 2025, Russia will implement a comprehensive ban on cryptocurrency mining in 10 regions for a period of six years. The ban will remain in effect until March 15, 2031.
GMT Investments
GMT Investments is a broker. Trading access to 120+ instruments with a maximum leverage of 1:500 including forex, commodities, shares, cryptocurrencies, spot metals, and indices. The broker also provides five accounts, including bronze, silver, gold, premium, and platinum. The minimum spread is from 0.0 pips and the minimum deposit is $250. GMT Investments is still risky due to its unregulated status.
VISION GLOBAL FX
VISION GLOBAL FX presents itself as a global management consulting firm registered in the United Kingdom that claims to provide its clients with various tradable financial instruments with flexible leverage up to 1:1000 and variable spreads from 0.1 pips on the MT5 for Desktop, Android and iOS trading platforms, as well as a choice of three different live account types and 24/5 multilingual service.
HeroFx
HeroFx is an investment platform. The services include JPY, agriculture, oil, gas, real estate, gold, retirement and insurance services. HeroFx provides 6 major packages with a minimum amount of $10000. HeroFx is still risky due to its unregulated status.
Tanrich-Some important Details about This Broker
TANRICH is a local regulated broker, offering trading on primarily precious metals (local London gold and silver) via the leading MT4 platform.
ZenovaFx
ZenovaFx is a brokerage firm based in Mauritius, but it lacks proper regulation. It claims to a variety of market instruments for trading, such as forex, energies, commodities and so on. It also provides different types of trading accounts, including Standard, Premium, ECN PRO, and Islamic accounts. Additionally, a demo account is also available.
Understanding Currency Strength & Weakness: What It Means for an Economy
Currency movements—whether a currency strengthens or weakens—are critical indicators of a country's economic health and its position in the global market. In this article, we explore what these movements imply, and how they influence a country’s economic landscape.
Ringgit Retreats Against US Dollar Amid Profit-Taking
The Malaysian ringgit saw a slight retreat against the US dollar on Thursday, pulling back from its recent rally as investors cashed in profits following its substantial appreciation.
Ringgit Surges Past RM4.14 Against USD
The Malaysian ringgit continued its upward trajectory against the US dollar at the market's opening today, breaking past the RM4.14 level for the first time since November 2021.
Malaysian Manager Lost RM420,000 to the 'MC Metal Global Trade' Scam
A 33-year-old company manager from Ipoh, Malaysia, has fallen victim to an online investment scam, losing a staggering RM420,000 to the ‘MC Metal Global Trade’ investment scam.
PH Launches 3-Tranche USD Bond Offering for 2030, 2035, 2049
The Philippines launches a three-tranche USD bond offering for 2030, 2035, and 2049, aiming for budgetary support and sustainable projects amidst weather-related forex disruptions.
OPTIONCC
Founded in 2012 and with headquarters in New Zealand, OPTIONCC specializes in options trading. It runs under dubious clone registrations using FSPR and VFSC. Customer service can be accessed at support@optioncc.com and china@optioncc.com as well as QQ at 800109835.
Popular tags
Latest News
Global Panic Builds as Forex Shifts into Risk-Off Mode
WikiFXSEC Fines Velox Clearing $500,000 for SAR Failures
WikiFXShocking! Oil Prices Plunge Below $60
WikiFXBI Alerts Filipinos: Telegram, Facebook Used for Trafficking Scams
WikiFXAUD/USD Hits New Lows as Panic Selling Unfolds Amid Robust U.S. Jobs Report
WikiFXFCA Released New List of Unauthorized Brokers
WikiFXHow to protect your money during Black Monday
WikiFXWall Street Funded Establishes Broker in St. Lucia to Reintroduce MetaTrader 5
WikiFXThink You’re Too Smart to Fall for an Investment Scam?!
WikiFXASIC Shuts Down 95 Scam Companies in Major Crackdown on Fraud
WikiFX