Eightcap, a well-known global FX and CFD services provider based in Melbourne, Australia, has recently introduced an innovative tool for its clients: an economic calendar powered by AI. Developed in collaboration with Acuity, the calendar offers a comprehensive overview of more than 1000 macroeconomic events, sorted by their potential impact on the market. This toolRead More
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Yields Soar With 10-year Yields Touching 1.5%
Bond prices collapsed for the third consecutive day on Monday, sending yields sharply higher, with the 10-year yield trying to breach above the psychological level of 1.5%. From August 2020 until March 2021, the yield on the 10-Year Treasury rose rapidly as inflation entered the US financial system and the economy. Inflation is the biggestRead More
US Stocks Decline as Fear of Fed Rate Hike Grows
The US stock market suffered a decline, as investors grew increasingly concerned about the Federal Reserve potentially raising interest rates in response to the hot job market. The employment report released on Friday showed that the US added 379,000 jobs in February, far surpassing economists’ expectations of 180,000. This strong job growth has fueled concernsRead More
Dukascopy adds new indices for MT4 traders
Dukascopy Dukascopy is now enhancing its trading opportunities by introducing two new indices to the MT4 platform. Investors with Dukascopy Bank and Dukasocpy Europe Live accounts and Demo users can take advantage of these freshly added instruments for their portfolios. Dukascopy customers can add the Volatility Index (VOL.IDX) and the South Africa Top 40 IndexRead More
FCA Sees Rising Costs of Compensation Scheme, Looks for Improvements
The Financial Conduct Authority (FCA) has announced the next steps to improve its Financial Services Compensation Scheme (FSCS). The proposal to implement the changes was presented a year ago due to the rising concerns regarding increasing costs. Financial services firms regulated in the UK must contribute to FSCS, which guarantees compensation if any authorized memberRead More
Admiral Markets obtained Kenya’s License
Admirals, a global financial tech provider, has taken its services to Kenya following the granting of their license from the Capital Markets Authority. As one of the first online forex trading brokers in East Africa, Admirals is poised to make waves across this vibrant and growing market. “Admirals hopes the achieving of this license shallRead More
Interactive Brokers introduces PortfolioAnalyst Beta, offering an intuitive dashboard
Interactive Brokers Electronic trading major Interactive Brokers introduces PortfolioAnalyst Beta, now offering an intuitive dashboard with allocation, attribution, performance, risk metrics and more without the hassle of downloading PDF/CSV reports. Users of the solution can view side-by-side summary statistics and drill down into details with historical periods, benchmark comparison, and frequency selection. Interactive Brokers regularlyRead More
Oil Slips Below 90 USD, but Fundamentals Remain Bullish
Despite intense pressure from the US administration in the weeks leading up to the decision, OPEC+ ultimately approved a production cut of 2 million barrels daily, which resulted in an increase in oil prices for the United States, a decrease for Europe, and more stable prices for Asia. According to Jake Sullivan, the US NationalRead More
New tool Share CFDs Directory from FP Markets
Australian global Forex Broker FP Markets has announced the launch of another key addition to its wide range of trading tools the Share CFD Directory. This Directory contains a dedicated page for each of the 800+ Share CFDs available to trade at FP Markets website and is supported on Metatrader 4 & 5 platform. Share CFD Directory covers aRead More
US to Tax All Crypto Transactions including NFT and Stablecoin
The US Internal Revenue Service (IRS) has once again updated its annual questions on cryptocurrency holdings and associated gains. Most notably, the authority tweaked the 2022 draft instructions for tax form 1040 to include non-fungible tokens (NFTs) and stablecoins, replacing the term “virtual currency” with “digital assets”. In the newly released draft of the individualRead More