This is the first in a series of videos covering the basics of the Forex market. We look at a simple example of exchanging currencies and the effect of fluctuations in the exchange rate, before going on to introduce the Forex Market and how it operates as a global, 24-hour market for trading currencies. Test
admin
The writer is a contributing columnist, based in Chicago “It’s wrong. Wrong! That district attorney should be disbarred.” Suzanne Windle, 64, voted for President Donald Trump in 2016 and 2020 and she leapt to his defence again, hours after he became the first ex-president in US history to face criminal indictment by Manhattan district attorney
Canada’s natural resources minister has warned the US against waging a “carbon subsidy war” with its allies, saying the Biden administration’s $369bn clean energy package creates an “unlevel playing field” in global trade. Jonathan Wilkinson, a senior member of Justin Trudeau’s Liberal government, said Canada and Europe were seeking to “match” the US Inflation Reduction
Banks are the Achilles heel of the market economy. The combination of risky long-term assets with liquid liabilities redeemable at par is a standing invitation to illiquidity and insolvency. Contagion is also a permanent danger. The events of recent weeks have reminded us of these realities. So, what lessons should be learnt, including in the
UK home secretary Suella Braverman on Sunday insisted that fresh disruption at the Port of Dover was not a consequence of Brexit and would not be a regular occurrence for travellers, after hundreds of people attempting to cross the English Channel were forced to queue for hours. The port, which declared a critical incident on
Warnings continue to pervade market and financial news this week, with Monica Crowley, former assistant secretary for public affairs for the U.S. Department of the Treasury, indicating “catastrophic” consequences if the U.S. dollar loses its status as the world’s reserve currency. In related news, billionaire Bill Ackman warned that the U.S. economy is “heading for
Donald Trump’s battle with New York prosecutors has been playing out over American airwaves for months, with the former US president’s allies decrying what they claim is a “political witch-hunt” by a partisan district attorney’s office. From Tuesday, however, the skirmishes that matter will take place inside a dilapidated courtroom in downtown Manhattan, between two
Switzerland’s Federal Prosecutor has opened an investigation into the state-backed takeover of Credit Suisse by its larger rival UBS. The Bern-based prosecutor is looking into potential breaches of Swiss criminal law by government officials, regulators and executives at the two banks, which agreed an emergency merger last month over the course of a frantic weekend
People walk past a store of the sporting goods retailer Nike Inc at a shopping complex in Beijing, China March 25, 2021. Florence Lo | Reuters Investors seem to be caught amid the chaos caused by the recent banking crisis, persistent macro headwinds and a potential recession. Looking at stocks with appealing long-term potential could
“A globally active, systemically important bank cannot simply be wound up according to the ‘too big to fail’ plan,” Switzerland’s finance minister said last weekend. “Legally this would be possible. In practice, however, the economic damage would be considerable.” Fresh from crafting the rescue-by-takeover of Credit Suisse, Karin Keller-Sutter identified a clear problem. Bank resolution,
Scores of luxury homes are coming to major cities across the United States. Analysts at Yardi Matrix projected that more than 400,000 units were completed in 2022, and they expect another strong showing in 2023. Experts believe much of this new stock is built with upper-tier customers in mind. “You often see new housing branded as
Bitcoin (BTC) stayed on course for its highest weekly close in ten months on April 2 as $28,000 held. BTC price analyst: “Massive” liquidations due at $30,000 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD stable over the weekend after closing out March at near $28,500. A key point of resistance from earlier in
Blocknox, a subsidiary of one of Europe’s largest stock exchanges, Boerse Stuttgart, has been licensed to operate as a crypto custodian in Germany. The authorization will allow the company to offer custody services for digital assets to institutional investors across the Old Continent. Boerse Stuttgart Subsidiary Blocknox to Offer Crypto Custody Services Under Bafin License
According to data from the cryptocurrency automated teller machine (ATM) aggregation website Coin ATM Radar, over 3,600 crypto ATMs went offline in March. Since the end of 2022, the number of crypto ATMs has declined by 13.91% in the last three months. Crypto ATM Numbers Decline in 2023 According to data from Coin ATM Radar,
Cryptocurrency exchange Bittrex is shutting down its U.S. operations due to “continued regulatory uncertainty” as U.S. regulators increase their enforcement efforts against cryptocurrency trading platforms. Regulatory requirements currently “are often unclear and enforced without appropriate discussion or input, resulting in an uneven competitive landscape,” Bittrex described. Bittrex Exiting U.S. Crypto Market Cryptocurrency exchange Bittrex announced
Europe’s transition to electric cars is under threat because of persisting shortages of lithium, the key battery component that will power the vehicles of the future. EU plans to ban sales of new petrol and diesel cars by 2035 mean demand for lithium is set to surge fivefold by 2030 to 550,000 tonnes per year
The fallout from the collapse of Credit Suisse and a handful of US banks will prove a “game changer” for global financial policymaking, forcing a re-examination of the role of deposits, culture and cross-border co-operation, City of London bosses told the Financial Times. The FT’s City Network — a group of about 50 senior figures
China’s biggest banks say they have escaped unscathed from the financial crisis in the US and Europe, following the collapse of Silicon Valley Bank and Credit Suisse. China’s top lenders — Industrial and Commercial Bank of China, China Construction Bank, Agricultural Bank of China and Bank of China — have all reported there was no
Credit Suisse is bracing for a tumultuous annual shareholder meeting on Tuesday, when protesters are expected to vent their anger at the implosion of one of Switzerland’s historic financial institutions. The meeting will take place at a 15,000-capacity ice hockey stadium in the Zurich suburb of Oerlikon. It will be the bank’s first in-person AGM
Along the bridge to Donald Trump’s Mar-a-Lago resort on Saturday, a small group of supporters gathered in defence of the former president as he prepared to face criminal charges in Manhattan next week. Some brought flags, others had posters, one carried a large cross. They cheered as passing cars honked in approval, and jeered after
The chief executive of one of the world’s biggest shipping insurers has warned of the growing risk of a disastrous oil spill after the knock-on effects of sanctions on Russia left thousands more ships without third-party liability cover from “well-tested” insurers. “Nobody will be there to help clear up the mess [without sufficient liability cover],”