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CFDs Broker One Global Market Remains Profitable in FY24 Despite Revenue Decline
One Global Market (OGM), a United Kingdom-based contracts for differences (CFDs) broker, ended its financial year on 30 September 2024 with revenue of £531,342, marking a decline of 34.1 per cent from the previous fiscal year’s £791,791. Focus on Technology Fees According to the latest Companies House filing, the broker earned £273,612 from commissions, while…
Assessing the T+1 journey so far and its impact on FX – e-Forex
The US and Canadian securities markets successfully moved to a T+1 settlement cycle in May 2024. Now Europe and the UK are set to follow in October 2027. What can we expect from this transition? From an FX perspective, the European transition should be relatively straightforward.The biggest challenge in North America was the time zone…
Euro boosted by strong foreign inflows – NOMURA | FXStreet
The latest balance of payments data from the euro area (covering November) point to an increasingly positive environment for Euro (EUR), with broadly improving inflows from overseas investors and a gradual slowdown in overseas investments by residents, NOMURA’s economist Dominic Bunning reports. UK wage data points to continued BoE easing bias “Equity inflows are positive…
Mars Launch Bid to Buy Kellanova
Food group Mars has agreed a $36bn deal to buy Kellanova (K), the company that produces products that include the popular Pop-Tarts and Pringles. The cash offer will be the biggest acquisition ever made by Mars, eclipsing the $23bn it paid to take over Wrigley in 2008. The privately owned chocolate maker announced the purchase…
Crude Oil Price Forecast: Analyzing the bullish $150 case and bearish $95 threat
The primary driver behind the price spike was a series of kinetic strikes on Iranian oil facilities and the subsequent expansion of the conflict. Reports confirmed Israeli airstrikes targeting Iran’s South Pars gas field, but the US and Qatar were not involved, Trump said late Wednesday. In a retaliatory move that sent shockwaves through trading…
Natural Gas Prices Fall to Yearly Low
Analysing the chart on 22 July, we constructed a descending channel and assumed that natural gas prices would continue to form a bearish market structure of lower highs and lower lows. Since then, the market has declined by almost 10%. As the XNG/USD chart shows today, natural gas prices are hovering around the psychological level…
