Forex Trading Platforms

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FRED currently has more than 822,000 data series, and you can leverage this wealth of information to create new data. For example, you can reasonably approximate the value of the exchange rate between the Swedish krona and the euro by using two different, yet related, data series. The FRED graph above uses quarterly exchange rate data from the Organisation for Economic Co-operation and Development. We start with the exchange rate between the Swedish krona relative to the US dollar. Next, we customize the data by adding a second series to Line 1 in the graph: the exchange rate between the US dollar and the euro. Last, we combine both series by applying the formula a/b , which stands for the transformation krona per dollar / euro per dollar. The resulting series is a very close approximation of the quarterly average exchange rate between the Swedish krona and the euro reported by the Central Bank of Sweden. Låt oss fundera med FRED®! Coda: Coincidentally, you can create that very s...

Introduction to Contracts for Difference (CFDs) Stock trading is a popular investment option in Australia, with many people choosing to buy and sell shares as a way to try to build their wealth. The Australian Securities Exchange (ASX) is the primary stock exchange in the country, with over 2,000 listed companies offering shares for trade. One popular form of stock trading is contracts for difference (CFDs), which allow traders to speculate on the price movements of a wide range of financial instruments without actually owning the underlying asset. CFD trading is popular in Australia due to its flexibility and accessibility, as well as the potential for high returns. In this article, we will discuss some of the top CFD brokers in Australia, highlighting the benefits of each platform and providing key stats to help you make an informed decision when choosing a broker.   Top Australian Brokers   Whether you are a seasoned trader or just starting out...

Hong Kong Launches New Virtual Asset Trading Platform Licensing Regime June 9, 2023 Introduction The trading of virtual assets just got a bit easier—and a lot clearer for all participants in Hong Kong. On May 23, 2023, the SFC published its Consultation Conclusions on the Consultation Paper on the proposed regulatory requirements for virtual asset trading platform operators (" VATPs "). Notably, the SFC will now allow retail access to service provided by VATPs, subject to various investor protection measures. The new regime has come into effect on June 1, 2023 and has a number of stipulations, covering onboarding, trading, custody, token admission, insurance and compensation arrangements, anti-money laundering (" AML ") and counter-financing of terrorism (" CFT ") matters, corporate governance, internal controls, dual licensing, discipline and fines, and transitional arrangements. VATPs will generally be governed...

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By Adedapo Adesanya The World Bank, through its Country Director for Nigeria, Mr Shubham Chaudhuri, has tasked the new administration of President Bola Tinubu to initiate critical reforms to address macroeconomic imbalances, including a cash transfer programme. This was disclosed in the June 2023 Nigeria Development Update (NDU) titled Seizing the Opportunity , released by the Bretton Woods lender. Mr Chaudri said, "Nigeria should now seize the opportunity to implement a robust, large-scale cash transfer programme to provide quick relief to the poor, near poor, as well as low-income households which are most directly affected by higher petrol prices, as part of a broader compact to redirect scarce fiscal resources towards development priorities". He noted that, "The current move by the government to implement long-anticipated reforms such as the removal of costly and opaque petrol subsidy, and efforts to harmonize the multiple FX windows, are timely and crucial t...

Finvasia's leading copy trading platform ZuluTrade distinguished with the highest UF AWARD for social trading providers in Asia-Pacific A name that has held the front page for years with its innovative social trading platform, ZuluTrade , is on an award-winning streak. The 'Best Social Trading Solution – APAC' from the UF AWARDS marks yet another important milestone for the company, which provides an all-inclusive financial ecosystem encompassing manual, social and copy trading, placing it in a stronger position across Asia-Pacific. Not long ago, the social trading firm of Finvasia Group won 'Best Wealth Management Platform Africa' from the Financial Achievements in Markets Excellency Awards and before that, 'Best Social Trading Solution – MEA' at UF AWARDS MEA 2023.  "We are honoured to receive this distinction. The 'Best Social Trading Solution – APAC' award is a testament of our consistent efforts to push the boundaries of social and...

Reddit is one of the biggest influencers of the crypto market, as it serves as the first stop for enthusiasts looking for the best coins to invest in. Over the years, many meme coins have gained popularity among the Reddit crypto community. Love Hate Inu (LHINU) has grown in popularity among crypto enthusiasts on Reddit, and the meme coin has recorded a surge in price since the beginning of the year. DigiToads (TOADS) has also maintained its market dominance as one of the best-selling meme coins in presales. The platform has attracted investors and crypto whales into its unique ecosystem and is set to increase by 300x before presale ends. As enthusiasts battle FOMO, DigiToads and Love Hate Inu are the best cryptos to buy now for maximum profits. This article will dive into the uniqueness of these two meme coins and how they are the best crypto investments. DigiToads (TOADS) is leading the meme coin industry to market stability . DigiToads has defied the recent happenings in...

Have you ever wondered how the regal horses became such an integral part of humans and its prices? Research shows that human-horse interactions may have begun over 5,000 years ago. Actual timelines for the first instances of domestication are recorded around 3,500 BC.  Horses found their way to the Near East in 2,300 BC and were initially used for transport during war and hunting. Their ability to travel fast and cover long distances was a fantastic solution to traveling on foot. The emergence of chariots around 2,000 BC made the horse an important part of warfare. The invention of the stirrups and saddles marked the beginning of equestrianism.  Since then, the role of the horse has expanded to recreational purposes. Its beauty, athleticism, and healing effects have made it wonderful companions to those who can afford them. However, buying and keeping a horse is nowhere near the average cost of most domesticated animals and pets. Let's explore horse prices, taking...

Image © Adobe Stock The British Pound should remain supported says Goldman Sachs in an analysis of the currency's outlook that follows last week's Bank of England's decision to raise interest rates by 50 basis points. It was "time for the hawks to screech," says Michael Cahill, a strategist at Goldman Sachs in London, "it seems the Bank of England did just that." The Bank has long been accused by financial market analysts as being too slow to wake up to the threats posed by rising inflation, often arguing that in-house forecasts revealed it would fall as quickly as it had risen. The reticent stance has been attributed by analysts to contributing to currency weakness for much of 2022. But the Bank of England itself acknowledged last week that "the second-round effects in domestic price and wage developments generated by external cost shocks were likely to take longer to unwind than they had done to emerge." Above: GBPEUR and ...