Like the blossom in spring and the harvest at the end of summer, gold shows recurring seasonal patterns or seasonality trends in its market performance. Let’s look at how seasonality and cyclicality affect gold prices. Gold’s upcoming seasonal phase is positive A recurring pattern suggests a seasonally driven intense period for gold from the end
Month: October 2023
The Open Network (TON) Foundation has today announced the support of Elliptic, a leading blockchain analysis firm, to provide the network with data intelligence and additional ecosystem security, supporting TON Foundation with its goal of putting crypto in every pocket by building a web3 ecosystem in Telegram. Elliptic will screen all TON wallet addresses and
$Garbage, the world’s first garbage-themed meme coin, is taking the crypto world by storm. With a unique storyline backed by a mutual distaste for the current course of modern affairs, The company hopes that $Garbage will quickly become one of the most popular and talked-about crypto projects in the world. “Crypto gets a bad rap”,
A new crisis in the Middle East does not seem to have frightened anyone, neither investors nor Central Banks. The former continue to buy stocks, while the latter reiterate their dovish stance. It seems that everyone has decided that the conflict will not last long, that the recent spike in energy prices will not significantly
FBS, a leading global broker, received the Best Islamic Forex Account award from the Forex Expo Dubai. Excellence in this nomination recognizes FBS’s commitment to improving people’s access to financial markets and inclusion in trading. “The number of users who use Islamic trading conditions has more than tripled since the beginning of 2023. Thus, FBS
There are a couple to take note of for EUR/USD, as highlighted in bold. But they are a little distance away at 1.0550 and 1.0575 with another decently large one at 1.0600. The figure level doesn’t really offer too much technical significance and in fact, so do the other two significant expiry levels today. But
Today, The Open Network Foundation (TON Foundation) announces their upcoming attempt to officially be named the world’s fastest blockchain, accredited by Guinness World Records. The public network performance test, which is scheduled for October 31, 2023, at 15:00 UTC, will demonstrate the reliability, scalability, and speed of The Open Network (TON) blockchain. TON Foundation will
In asset trading, foreign exchange, or Forex, occupies a unique niche. Foreign exchange is one of the most significant global economic events. Simply put, it is a virtual international market where currencies are bought and sold. Multiple factors drive this dynamic marketplace, but one of the most essential elements in understanding its fluctuations is the
Xsolla, a global video game commerce company, is thrilled to announce its strategic acquisition of Lightstream, Rainmaker, and API.stream from Videndum, the parent company. These innovative sets of tools are designed to revolutionize the landscape of content creation and distribution. This acquisition underscores Xsolla’s recognition of the tremendous value creators bring to the gaming ecosystem
Xsolla, a global video game commerce company, announces Headless Checkout, an advanced payment customization feature to help game developers create a fully branded and revenue-optimized purchasing experience for their players, all while ensuring a compliant and secure payment flow. Headless Checkout is part of the new version of Xsolla Pay Station, the company’s flagship product.
2023 has been a challenging and unpredictable year in the FX industry. However, amid this uncertainty, there has remained one constant – BDSwiss. The brokerage has continued to rack up accolades, winning numerous awards and achievements this past month. In doing so, BDSwiss has managed to substantially grow its market penetration this year and solidify
Nigeria-based, global multi-asset broker Kwakol Markets, which won the ‘Most Innovative Broker – Africa’ at the UF AWARDS MEA 2023, has extended its innovative approach into providing lifelong educational resources, transforming beginners into investors while offering more experienced traders a Telegram community to discuss market trends and strategies. The world of trading and investing can
The US dollar continues to lose ground ahead of today’s non-farm payrolls report. That’s helped to boost EUR/USD up to 1.0558. For the 10am NY cut, there are some huge expiries today, both in the 1.0650 range and 1.0450 range. The euro options expirations aren’t the only notable ones with some big Aussie numbers rolling
What’s that scent in the air? It’s the aroma of stocks that have taken an 8% hit in just a week, and a 14% one in a month. And if you happen to hold McCormick stocks in your portfolio, you’re probably well aware of it. The spice giant’s shares are experiencing some turbulence. Let’s delve
YaMarkets, a trusted leader in the forex industry, is dedicated to alleviating the legitimate concerns and apprehensions that often accompany the question, “What will brokers do with my hard-earned funds?” It is only natural for traders to have questions and concerns about the safety of their funds. After all, entrusting your hard-earned money to a
Xsolla, a global video game commerce company, shares insights that 40 of the top 100 mobile games have launched their Web Shop using Xsolla’s solution. These insights offer a glimpse into the increasing trend of multiplatform operations in the mobile gaming industry for 2023 and entering 2024. Based on Xsolla’s research and analysis, they have
FBS, a leading global trading platform, shares insights into the appealing strategies for stock day trading in 2023. FBS outlines the criteria for fruitful stock selection and lists favored stocks for day CFD-trading. Day trading, characterized by rapid buying and selling decisions within a single trading day, has surged in popularity, with over 20 percent
Metacade, the world’s first community-led gaming platform, has confirmed a collaboration with Polygon Labs, focused on driving user acquisition, testing and the adoption of 100’s of new games and customers on the Polygon protocols. The move opens up the brand to a significant global audience of gamers on the biggest gaming blockchain to add to
The city welcomed over 4,000 fintech professionals from across the world for the event that was held at the City of Dreams Integrated Resort in Limassol, Cyprus, from September 19 to 21, 2023. Running for more than 10 years, iFX EXPO International gives C-suite executives a common platform to connect, collaborate and build a community
Before we get into October, let’s take a look back at how the seasonals did in September. At the end of August, I highlighted some trends in the month, including weakness in the S&P 500 and MSCI world index. Ultimately, both stuck to the seasonal script. Another one I highlighted was yen weakness (USD/JPY rose