Valutrades’ Revenue Plummets Nearly 80% in a “Challenging Year”
London-based broker Valutrades has published its 2023 results for its FCA-regulated business. A turnover more than four times smaller than the previous year resulted in a significant operating loss and…
Saudi Investment Strategy Sparks Economic Optimism
The Saudi investment strategy has become a focal point of global economic discussions, sparking significant optimism. As the Kingdom shifts gears, focusing on domestic investments and fostering foreign direct investment,…
US Dollar’s Shortcomings Become More Evident. Forecast as of 28.08.2024
Even if the Fed accelerates its rate cut cycle, the US dollar is unlikely to weaken significantly, given the opportunity for other central banks to take similar action. Let’s discuss…
Russia criticises UN nuclear watchdog after trip to plant close to fighting
MOSCOW (Reuters) – Russia said on Wednesday it wanted the International Atomic Energy Agency to take a “more objective and clearer” stance on nuclear safety, a day after the head…
Oil little changed; geopolitics, demand concerns in focus
(Reuters) – Oil was little changed on Wednesday after a sharp drop in the previous session ended a three-day streak of gains, amid persistent concerns over both potential supply losses…
Gold slips on stronger dollar, market awaits US inflation data
By Daksh Grover (Reuters) – Gold prices slipped on Wednesday as the dollar ticked up, while investors awaited a key U.S. inflation report due this week for more clarity on…
Dollar wallows near year-low as traders seek clues on Fed cuts
By Brigid Riley (Reuters) -The dollar held near its lowest in more than a year against a basket of peers on Wednesday, with sterling trading just off multi-year highs, as…
FMPS:24: “Attacking Challenges in Fragmentation Is the Name of the Game”
The first Finance Magnates Pacific Summit (FMPS:24) kicked off in Australia today. Held at the International Convention Centre (ICC) in Sydney, it is the only event to bring the entire…
Gold prices pulled off record high as dollar recovers amid inflation watch
Investing.com– Gold prices fell slightly in Asian trade on Wednesday as the dollar recovered from 13-month lows, with focus remaining on key upcoming inflation data for more cues on interest…
Asia FX weakens as dollar regains some ground; Aussie buoyed by sticky CPI
Investing.com– Most Asian currencies ticked lower on Wednesday as the dollar recouped more of its recent losses, while the Australian dollar was an outlier as sticky inflation data furthered the…
