IMF Slashes Global Growth Outlook On Policy Uncertainty, Trade Tensions
On Tuesday, the International Monetary Fund trimmed this year’s global economic growth prediction by mentioning commercial conflicts, weaker business confidence, stricter financial situation and greater policy unpredictability. The Washington based institution slashed this year’s growth estimate to 3.3% in its
Read MoreASIC To Decide Which FIN Products Can Be Offered In Australia
Change is coming to the financial regulatory environment in Australia. This is thanks to the new bill that just passed and now only requires formal approval to become a law. The Design and Distribution Obligations and Product Intervention Powers Bill
Read MoreUS Service Sector Growth Slackens More Than Anticipated In March
According to a report published by the Institute for Supply Management on Wednesday, services sector growth rate in the US decelerated in March after a substantial run up in the earlier month. After leaping to 59.7 in February, the ISM
Read MoreRussian Forex Association Cracks Down On Illegal FX Brokers
Forex trading is a massive business that takes place across the world. Like any other industry, the forex industry has received flak mainly because there are a few bad actors in every country who cheat and con traders. The Russian
Read MoreECB’s Draghi – ‘Serious Slump’ Not Expected Despite Weaker Growth
President of the European Central Bank Mario Draghi said Wednesday that the bank’s monetary policy position is still adaptable to the euro area’s weaker growth outlook and that its external demand weakness is doubtful to be painful. While giving a
Read MoreGerman Business Confidence Improves For First Time In 7 Months
According to the latest report, business confidence in Germany improved considerably in March, after remaining weak during the past six months, as businesses were more positive about the future and strength of the economy. The ifo business confidence index increased
Read MoreFed Police & ASIC Raid ForexCT After Customer Complaints
The global forex trading market is thriving as investors look to capitalize and make quick profits. Forex trading has a lot of positives and some negatives. Unfortunately, this attracts conmen and grifters which can put the entire forex trading industry
Read MoreUS Dollar Declines As Fed is Likely To Maintain Dovish Stance
At the European trading session on Wednesday, the US dollar declined against its biggest counterparts, cutting off its territorial gains as investors and speculators are waiting for the Fed’s comment that is expected to clarify future plans for interest rate
Read MoreUS Dollar Weakens Ahead Of Fed Meeting
In the European session, the US dollar declined against its key rivals, ahead of this week’s policy meeting of the Federal Reserve, with a few investors anticipating lawmakers to reduce their benchmark interest rate projections for this year. On Wednesday,
Read MorePound Rallies Amid Increase In Risk Appetite
As Brexit-related concerns abated and speculators stayed confident for a US-China trade deal, the pound jumped against its key rivals in the European session on Friday in the midst of risk appetite. UK legislators okayed a motion to pause the
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