India central bank’s fresh FX curbs trap banks in trades once seen low risk

 Do you ever wonder what is behind market reactions to headline news?   Have you ever sat in front of your platform and seen a currency, for example, suddenly spike up or down 20 pips when there is no scheduled news and then come back quickly to where it started? It is often like blink…

Global markets displayed a mixed response to the latest US finance reports on Wednesday 19 June 2024. These yardsticks point to a sluggish, but not recessive, US economy. The Associated Press (AP) reported that the Dow Jones Industrial Average slipped by 0.1% compared to the S&P 500, which increased by 0.1%. US markets were closed…

Tech stocks fell globally after the Trump administration imposed new restrictions on Nvidia’s chip exports to China, worsening trade tensions. Nasdaq 100 futures dropped 1.5%, and Nvidia shares fell about 6% in premarket trading. ASML shares plunged over 7% after reporting fewer-than-expected orders, blaming weakness in the chip industry. European markets also felt the pressure,…

Trading firm Exinity Group announced a strategic partnership with trading technology provider TraderEvolution on Thursday.  The company, which designs, engineers and markets a growing range of trading and investing products, said it is aiming to enhance Exinity’s trading platform and provide trading and investing experiences across various asset classes. Over the upcoming year, it is…

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