Gold Posts Gains Despite Headwinds. Forecast as of 01.10.2024
If the price of gold has been rising despite headwinds, how high can it potentially soar if the headwinds change to tailwinds? The answer to this question depends on the…
Oil prices drop as prospect of additional supply offset Mideast fears
By Arunima Kumar (Reuters) -Oil prices slid by more than 2% on Tuesday as a stronger supply outlook and tepid global demand growth outweighed fears over escalating conflict in the…
USD/JPY gains, but Ishiba tones down hawkish bias
Investing.com – The recent nomination of incoming Japan Prime Minister Shigeru Ishib has prompted gains in the yen, but UBS doubts his appointment will substantially alter the speed of yen…
Freetrade Acquires Stake UK Arm, Challenging Robinhood’s Expansion
British retail investing platform Freetrade has agreed to acquire the UK customer base of Australian rival Stake, in a move that underscores the intensifying competition in the British digital investment…
Markets.com Links Up with TradingView, Bringing CFDs on Forex and Crypto
The copy trading market is projected to double in size, growing from $2.2 billion to $4 billion by the end of this decade. In light of this, brokers and financial…
Goldman Sachs raises its gold price forecast for early 2025
Investing.com — Goldman Sachs on Monday raised its gold price forecast for early 2025 to $2,900 per troy ounce (toz) from the previous $2,700/toz, citing two primary reasons. Firstly, they…
Dollar gains after Powell’s speech; euro slips ahead of CPI release
Investing.com – The U.S. dollar rose Tuesday as Federal Reserve Chair Jerome Powell played down the likelihood of another outsized interest rate cut, while the euro slipped lower ahead of…
Dollar firm after Powell pushes back on aggressive easing bets
By Kevin Buckland and Brigid Riley TOKYO (Reuters) – The U.S. dollar firmed against its major peers on Tuesday after Federal Reserve Chair Jerome Powell pushed back against bets on…
Exclusive: Ebury Starts Offering Payments Services to FX and CFDs Brokers
Ebury, a Santander-owned payments company, has expanded its scope of clientele and has been onboarding forex and contracts for differences (CFDs) brokers, Finance Magnates learned from an industry source in…
The Top Brokers of Quarter 2024: See Who’s Leading the Market Now
As the second quarter of 2024 wraps up, several brokers are emerging as industry leaders in the retail FX and CFD markets. These top performers have distinguished themselves through trading…
