The Australian DollarAustralia has a floating exchange rate, which means that the value of the Australian dollar changes according to demand and supply in the foreign exchange market. The Reserve…
EURUSD Gains As Eurozone Data Show Modest Return To Growth
EURUSD Gains As Eurozone Data Show Modest Return To GrowthEURUSD Gains As Eurozone Data Show Modest Return To GrowthThe Euro (EUR) is gaining against the US Dollar this morning, with…
Gold Price Outlook All Eyes on the Federal Reserve for Guidance
The price of gold has declined by over 2% this year, but it remains trading within a bullish trend. A stronger economy may have stifled any upside, but it has…
DAX Technical Outlook: German Equities Weighed Down by Bleak Outlook
A bleak outlook and concerns over global economic growth continued to weigh on investors. The European equity markets, however, saw a mixed week. The pan-European Stoxx 600 index ended the…
Crude Oil Forecast: Brent Limited by Chinas COVID Policies and Stronger US.
During the past few months, crude oil forecasts have become a challenge. This is mainly due to the growing pressure on commodity markets. Although the markets continue to support the…
AUD/USD Forecast: Aussie Dollar Caught Between U.S. and China Dynamics
During the past week, the Australian dollar was the worst performing major currency in the world. Amid strong US Dollar strength, the AUD/USD pair fell from a close above 0.6297…
British Pound Pummelled as Crypto Contagion Engulfs Risk Assets. Lower GBP
During the month of September, the pound sterling reached a record low against the dollar. This follows the government's announcement of an unprecedented tax cut. Analysts said the government's tax…
Blockchain for Forex trading in Nigeria
eNaira, the country's digital currency, is set to launch on October 25, 2021. It will be the second CBDC in the world to be fully open to the public, after…
Cryptocurrency in Nigeria
In spite of the ban on cryptocurrency in Nigeria, the government has not completely banned it. Some people still trade in Cryptocurrency, and peer-to-peer transactions are on the rise. Before…
Features of the Forex market in Nigeria
The foreign exchange market is a global marketplace where you can trade currencies. It is not regulated by any governing body and is open twenty-four hours a day, seven days…