September 2020 Blog Posts (6,095)

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Depressed near one-week low under 0.7300

AUD/USD remains on the back foot after posting the biggest losses in a month. The aussie pair begins the key trading day, comprising the US employment data, while keeping the recent 0.7265-82 range, currently around 0.7275, at the start of Friday's Asian session. The pair's declines are mostly attributed to the US dollar's sustained pullback from the multi-month low, followed by a slump in the Wall Street benchmarks. Also weighing the quote…

Chance for USD/GBP/AUD Upside as JPY Strength Limited

Japanese firms slashed spending on plant and equipment by the most in a decade in the second quarter, the government said on Tuesday. As a result, the strength of the Yen was limited while the USD/JPY staged a flat performance and consolidated around 105.70.To get more news about WikiFX, you can visit wikifx official website.

　　“Abenomics” is much more likely to see an end ahead of…

A Visit to Forex Broker BP Prime in London

An investor lately asked WikiFX to verify the regulatory information and business conditions of the British broker BP Prime. In response to the trader, WikiFX decided to visit the broker BP Prime in London.To get more news about WikiFX, you can visit wikifx official website.

　　Broker introduction

　　BP Prime was founded in 2013. Headquartered in London, it has offices in Italy and China…

Tumbling WTI Concerns for $41.30

WTI crude reported the largest one-day fall in three months on Wednesday, bottoming at $41.23 from the high level of $43.20. Oil prices have rebounded back overnight after breaching below the key support of $41.30, and are consolidating above $41.30 now.To get more news about WikiFX, you can visit wikifx official website.

　　The rally of the U.S. dollar index will become one of the important factors…

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PM Modi pitches India as best place for global investors

Prime Minister Narendra Modi on Thursday said the country's political stability and policy continuity makes it the best place for global investors in the aftermath of the COVID-19 pandemic.To get more news about WikiFX, you can visit wikifx official website.

　　Addressing the US-India Strategic Partnership Forum through video confence, Modi also cited a slew of reforms undertaken…

Silver Lake in talks to take $1 billion stake in India's Reliance Retail

Private equity firm Silver Lake Partners SILAK.UL is in talks to invest $1 billion in the retail arm of India's Reliance Industries Ltd.To get more news about WikiFX, you can visit wikifx official website.

　　The investment, which would value Reliance Retail at about $57 billion, comes as the company is aiming to sell about 10% in new shares, the report added.…

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