BoJ May Refrain from Rate Hike. Forecast as of 07.10.2024
If the BoJ does not raise rates until the end of 2024, the yen will once again be used as a funding currency in carry trade transactions. With an elevated…
Copper demand for electric vehicles is intact, trader IXM says
By Pratima Desai London (Reuters) – The uptrend in demand for metals such as copper used in electric vehicles is intact despite doubts raised by the slowdown in EV sales,…
Oil prices extend gains on fears of wider Middle East conflict
By Paul Carsten LONDON (Reuters) -Oil prices extended gains on Monday, with Brent nearing $80 to build on last week’s steepest weekly jump since early 2023, driven by fears of…
Consumer Duty at One: FCA Pushes Firms for Evidence of Progress
The Financial Conduct Authorityβs (FCAβs) Consumer Duty officially came into action over a year ago, with an implementation deadline of 31st July 2023 for all new and existing products and…
Prop Trading: Dynamic Works and Brokeree Introduce Integrated CRM Solution
Dynamic Works Syntellicore has announced the launch of a new integrated feature for Brokeree Prop Pulse, a system designed for account management in prop trading firms. It aims to update…
India asks banks to stop making large bets against rupee, sources say
By Jaspreet Kalra and Nimesh Vora MUMBAI (Reuters) -India’s central bank has asked state-run and private lenders to refrain from betting heavily against the rupee in an effort to support…
Cinkciarz.pl Files 1.5 Billion Suit against Polish Banks amid License Row
Just days after the Polish Financial Supervision Authority (KNF) suspended the payment license of the local currency exchange giant Cinkciarz.pl, the company has decided to bring out the big guns.…
eToro Upgrades Price Alert Functionality with New Features and Access Widget
eToro has launched an upgrade to its Price Alert feature, allowing users to create, update, and delete multiple price alerts for a single instrument. This development aims to provide traders…
Is US election risk already overpriced, BOA asks
Investing.com – US election risk premia are becoming richly priced in the foreign exchange markets, according to Bank of America Securities, but may already be overpriced. Historically most FX vols…
Ghana’s wildcat gold mining booms, poisoning people and nature
By Maxwell Akalaare Adombila PRESTEA-HUNI VALLEY, Ghana (Reuters) – At an unlicensed gold mine in Ghana, men in t-shirts, shorts and rubber boots wade through pools of muddy water laced…
