Education News

  • Breaking News: Finvasia Group Secures Investment Banking Licence
    by ForexLive on February 8, 2023 at 9:08 am

    <p class="MsoNormal">After taking the fintech industry by storm with its thought-provoking technology, Finvasia Group makes strides into an industry led by big names.</p><p class="MsoNormal">On 12th January 2023, the global fintech industry leader Finvasia Group obtained its Investment Banking Licence from the Financial Services Commission of Mauritius (FSC). </p><p class="MsoNormal">Regarded as one of the prominent regulators for the non-bank financial services sector and global business, the FSC oversees the activity of operators in the financial services sector, including Provident Funds, Superannuation Funds, Virtual Asset Service Providers, and other Investment Service Providers.</p><p class="MsoNormal">Sarvjeet Virk, Finvasia Group Co-founder and CMD said: “Obtaining the FSC Investment Banking Licence is a crucial milestone for Finvasia Group, opening a new chapter in our company’s history. This is only the beginning of an even more exciting journey, allowing us to ramp up our financial services offering globally.”</p><p class="MsoNormal">Established in 2009 in Canada, Finvasia set out to be one of the world’s leading asset management companies overseeing and growing the portfolios of large corporations and global hedge funds. </p><p class="MsoNormal">Seeing sustained growth, in 2011, the investment firm forayed into the Indian capital markets as a Financial Institutional Investor (FII). The volumes witnessed by the company were so large at that time that acquiring requisite regulatory licences from India's top exchanges, NSE, BSE, MCX, NCDEX and AMFI, seemed like an organic progression.</p><p class="MsoNormal">With all these licences in place, co-founders and brothers Sarvjeet Singh Virk and Tajinder Virk, started exploring India's retail trading segment. Observing the systemic flaws and the frequent malpractices of middlemen and brokers’ vested interests in churning trades and topping up spreads to earn higher commissions, they decided to take a different turn.</p><p class="MsoNormal">Promoting a technology-enabled, and thus fair and transparent approach to trading and investing, Finvasia launched and acquired a number of flagship brands with a resounding name in India and internationally, including Shoonya, ZuluTrade, Fxview,AAAFx, CapitalWallet, ActTrader, to only name a few.</p><p class="MsoNormal">Adding the investment banking licence to its already large spectrum of approvals, Finvasia Group launches into an industry associated with exclusive investment banks such as Charles Schwab, Blackrock, Vanguard, Lloyds, Barclays, UBS and others. </p><p class="MsoNormal">Tajinder Virk, Finvasia Co-founder and CEO said: “It is a great step forward for Finvasia Group and another opportunity for us to carry our vision to create a global financial ecosystem at Finvasia. An investment banking licence is one of the notable financial regulations that a financial institution and fintech group such as ours can attain.”</p><p class="MsoNormal">Under its FSC licence, the fintech and financial services group will offer the following services:</p><p class="MsoNormal">● Investment Dealer (Full-Service Dealer including underwriting)</p><p class="MsoNormal">● Investment Adviser (Unrestricted) Licence</p><p class="MsoNormal">● Investment Adviser (Corporate Finance Advisory)</p><p class="MsoNormal">● Asset Management</p><p class="MsoNormal">● Distribution of Financial Products</p><p class="MsoNormal">Notably, the FSC licence coverage expands on all Finvasia brands. The company has not yet disclosed when these services will become available or which brands will facilitate access to which of these exclusive financial services and products. For more information about the company, please visit <a href="https://finvasia.com/" target="_blank" rel="follow">https://finvasia.com/</a>.</p><p>About Finvasia</p><p class="MsoNormal">Finvasia is a multi-disciplinary, multinational organisation that owns and operates over a dozen brands across financial services, technology, real estate and healthcare verticals.</p><p class="MsoNormal">Over the last 13 years of its history, Finvasia has managed funds for some of the notable hedge funds of the Wall street, operates the first and only commission free ecosystem for listed and fee based financial products in India, provided technology to some of the notable listed and unlisted financial services entities across the globe and has catered to over a few million clients in over 180 countries directly or via one of its subsidiaries.</p><p class="MsoNormal text-align-start">The team comprises over 350 employees that work in physical offices across India, the UK, Greece, Cyprus, Canada and USA. Finvasia, along with its subsidiaries and sister concerns, is registered with a gamut of regulatory bodies across the world in various capacities.</p> This article was written by ForexLive at www.forexlive.com.

  • How to Get Extra Income Online with FBS IB Program
    by ForexLive on February 7, 2023 at 1:08 pm

    <p class="MsoNormal">Have you thought about promoting yourself and getting passive income from your audience? Partnership programs can help you with that, as well as allow companies to raise their brand and product awareness and engage more clients. It’s win-to-win cooperation.</p><p class="MsoNormal">An international fintech company, FBS offers its clients opportunities to be promoted, expand their business, and increase income with the Introducing Broker (IB) Program. It lets any person or company become an FBS Partner and represent the broker and its products in your region. But why have over 400 000 Partners chosen FBS? Let’s find it out and look into <a href="https://fbs.com/affiliate?utm_source=forexlive&utm_medium=article&utm_campaign=ibprogram" target="_blank" rel="follow">the </a><a href="https://fbs.com/affiliate?utm_source=fxstreet&utm_medium=article&utm_campaign=ibprogram">FBS IB Program</a>.</p><p class="MsoNormal">How the FBS IB Program works</p><p class="MsoNormal">Becoming an FBS Partner is possible and simple for anyone, whether a Forex expert or newbie, a big company or start-up. It’s enough to tap the Partnership section on the FBS website and open a Partner account to become an FBS Partner.</p><p class="MsoNormal">Then, an FBS Partner introduces their clients to the company on websites, social media, and others, using a unique referral link. As new people join FBS and proceed with trading using this referral link, they are considered as attached to Partner. </p><p class="MsoNormal">Partners receive everyday payments as a <a href="https://fbs.com/affiliate/commission" target="_blank" rel="follow">commission</a> from clients’ trades and can withdraw any amount from $1 at any time, as often as they want. FBS provides a wide range of payment methods, including local banks and crypto.</p><p class="MsoNormal">Clients can also enter the Partner ID into a specified field while registering a new trading account to be considered attached to the Partner. It’s available both via the web and FBS apps.</p><p class="MsoNormal">Why the FBS IB Program</p><p class="MsoNormal">Conquering the audience is possible only if you promote transparent and effective services and products. That’s why it’s vital to choose a safe company to promote. FBS is a licensed broker operating in more than 150 countries. With its solid experience of 13 years, high-quality services, and dozens of awards, FBS conquered the trust of 27M+ clients and became the Official Principal Partner of Leicester City Football Club.</p><p class="MsoNormal">FBS creates competitive terms and financially comfortable conditions for its Partners. Besides the Program’s simplicity and constant support from the company, FBS Partners can get up to $80 commission per each lot traded by the attached client. There is no need to have a huge audience since the commission comes even from one attached client.</p><p class="MsoNormal">Every FBS Partner has total control over profits: the more actively your attracted clients trade, the more you earn. Partner Area allows you to get a detailed financial report on the number of clients and Partner commissions and track marketing analytics for your referral link usage.</p><p class="MsoNormal">For the best customer experience, FBS Partners are accompanied by a Personal manager assisting them all the way long and 24/7 multilingual support. Upon special request, FBS can also provide Partners with unique promo materials for offline advancement upon request.</p><p class="MsoNormal">How to attract more clients</p><p class="MsoNormal">The sense and aim of the FBS IB Program are to attract more clients to the company. Partners can use multiple and various ways to achieve this goal. For example, social networks are available to anyone and are simple and popular. So you can show you’re ready to help and publish edutainment posts on Facebook, Instagram, Telegram, etc., using the Advertisement materials in your Partner Area.</p><p class="MsoNormal">Another way to generate more clients is opening a local office. People tend to trust the company more when they can attend the office and meet the employees. FBS offers financial help in branding the office with the company’s colors. It provides more authenticity and reliability among clients.</p><p class="MsoNormal">Many people are interested but scared of Forex. An effective method to get more clients is to educate and guide them in trading. Holding webinars, seminars, and trading courses is a powerful tool to show clients how to learn and properly enter the market.</p><p class="MsoNormal">The FBS website has many educational materials to help build your lessons. In the FBS Analytics Telegram channel, traders can find signals and recent news affecting assets.</p><p class="MsoNormal">Experienced traders can create a trading robot, one of the most common tools that partners can present to their clients. Robots help traders automate trading and make it easier and more understandable.</p><p class="MsoNormal">FBS Partners can motivate existing clients or get new ones by offering a Rebate, a partial or full refund paid from the Partner’s commission. Only a Partner can choose the amount of return and who can be paid: each referral separately or a group of accounts simultaneously.</p><p class="MsoNormal">FBS Partner’s experience: how to get a stable $20 000 monthly</p><p class="MsoNormal">Even more valuable is to look at the real example. One of the FBS Partners shared his experience of becoming a wealthy Partner.</p><p class="MsoNormal">“​​The formula is very simple to me: if you want to progress, you have to expand.”</p><p class="MsoNormal">In the beginning, the hero was a trader who learned, practiced well, and achieved pretty good results, earning on Forex. But he has decided to have more free time for himself rather than for charts and analysis. And he has tried and joined the FBS IB Program.</p><p class="MsoNormal">“I knew where Forex people hang out since I was one of them. By that time, I was pretty confident in trading, and my fellow traders would ask me to share some tips. I don’t need to get a degree in economics or do rocket science – all I need to do is spread the word among people interested in what I’m saying.”</p><p class="MsoNormal">The Partner said his first attracting clients was quite challenging. Still, the simple technical part of FBS promotion and the constant support of personal managers helped him. Plus, his main marketing tool is honesty. He dares to help his community earn more by providing quality advice.</p><p class="MsoNormal">First, his clients traded around 800-1500 lots, which helped him make about $8000 per month with the $200-$300 promotion investment. After six months, he managed to become a VIP Partner. </p><p class="MsoNormal">Seminars, private courses, and trading robots stimulated his success and expanded the client base, and now he can earn a total of $20 000 per month. Quite a good result that everyone can reach with the right approach and reliable company.</p><p class="MsoNormal">If you want to earn passive income, promote yourself or your business, and gain popularity in a trader’s community, you can <a href="https://fbs.com/affiliate" target="_blank" rel="follow">try the FBS IB Program</a> that gives you a chance to add benefits to your daily activities.</p> This article was written by ForexLive at www.forexlive.com.

  • Do Income Stocks Provide A Regular Income For Investors?
    by ForexLive on February 7, 2023 at 9:38 am

    <p>Goals for <a href="https://demaxis.com/" target="_blank" rel="follow">investing in the stock market</a> vary across people. While some investors may seek out investments with rapid growth, others may seek out safer investments. </p><p>Finally, some individuals want to use their stock market assets to generate a consistent income. Such investors would benefit from income stocks. Through this post, let's learn about income stocks and their traits. Then, see whether they are the right suit for you as well.</p><p>How do Income Stocks Work?</p><p>Income stocks are <a href="https://demaxis.com/Registration" target="_blank" rel="follow">investments</a> on the stock market that provide their owners with consistent income in the form of dividends. In a perfect world, these companies' dividends would rise over time to outpace inflation.</p><p>Calculating Income Stocks</p><p>A company's market capitalization is the main characteristic that distinguishes an income stock from other stocks. The total number of outstanding shares the firm has issued and the market price of each claim are the two factors used to determine market capitalization. </p><p>The main characteristic that may be used to identify income stocks in this market is that large-cap firms often issue them. This is because large-cap firms often have a tested and established financial structure and have continuous growth that outpaces inflation. In contrast to growth stocks, which invest back into themselves to support the expansion, these businesses have a consistent cash flow and may pay out to their investors.</p><p>What Characteristics Define an Income Stock?</p><p>The key indicators for identifying income stock are listed below:</p><p>1. Low-price turbulence</p><p>Low volatility refers to a stock's price mainly staying the same over a brief period. However, over time, the value could see slight variations.</p><p>2. Payment of a Regular Dividend</p><p>Over several years, dividend payments have been regular and constant.</p><p>3. Regular Growth in Dividend Payments</p><p>A company's dividend distributions are regular, and the dividend % is rising steadily are both characteristics of strong financial standing.</p><p>4. Little capital investment growth</p><p>Very little capital appreciation occurs.</p><p>Benefits and Hazards that Income Stocks May Have</p><p>A certain amount of risk can be associated with each investment, although some are riskier than others. Income stocks are more reliable and offer certain advantages to investors.</p><p>They are a type of unearned income. By providing shareholders a percentage of earnings without requiring them to purchase additional shares, income stocks do the job for the investor. </p><p>Automatic payment may be provided by only owning the shares.</p><p>They have a reward attached. Investors will receive compensation from income stocks, whether small or significant. When that occurs, choices include withdrawing cash or putting the earnings back into the portfolio.</p><p>FINAL INSIGHT</p><p>Due to their many benefits, income stocks are the most popular element of investor portfolios. It assists investors seeking passive income in maintaining a consistent stream of income.</p><p>These are less riskier investment options since the corporations have greater stability throughout imperfect markets than other equities.</p><p>If you want a consistent income and have a sizable investing budget, income stocks are a good alternative. However, it should also be compatible with your investment objectives and risk tolerance, which a financial professional may assist you with. So begin financial assistance and get investing right away.</p> This article was written by ForexLive at www.forexlive.com.

  • Do Defensive Stocks Offer Consistent Returns?
    by ForexLive on February 7, 2023 at 9:32 am

    <p>Defensive <a href="https://cryptogo365.com/Registration" target="_blank" rel="follow">stocks</a> frequently provide stable earnings and reliable returns during difficult economic periods. The stock of well-established companies in the consumer goods, utilities, and healthcare industries are typical examples of defensive stocks. </p><p>These assets are regarded to be more recession-resistant than their cyclical stock cousins. Moreover, defensive stock sectors are generally always in demand since they provide necessities. In contrast, cyclical stock performance is typically more prone to fluctuations based on consumer demand and structural changes in the larger economy.</p><p>The function of defensive stocks in your portfolio </p><p>Purchasing defensive stocks as part of a <a href="https://cryptogo365.com/" target="_blank" rel="follow">diversified portfolio</a> helps reduce your total risk. As their name suggests, they can serve as a sort of safety net that aids investors in weathering market downturns. They often offer more predictable profits and lesser volatility.</p><p>Defensive equities are frequently included in portfolios by investors as a way to balance off possible losses from more volatile assets. Diverse viewpoints exist on the appropriate percentage of your portfolio to allocate to defensive equities. It comes down to a personal choice depending on your long-term objectives and risk tolerance.</p><p>What sectors use defensive stocks?</p><p>Utilities: Businesses that provide essential services in the electric, water, gas, and waste management sectors carry on business as usual, even during economic downturns.</p><p>Consumer staples: When customers reduce their spending to the bare minimum, needs like hygiene, food, drinks, and household items will likely remain on the list. </p><p>Health care: has historically fared well during recessions since it is another commodity or service that customers will continue to acquire in an unstable economy. Hospitals, drugs, medical equipment, and insurance are part of this industry.</p><p>Telecommunications services: which include cable, phone, and internet service providers.</p><p>Discount stores: As the economy deteriorates, shoppers turn to value. While most merchants struggle during a recession, those who assist customers in getting the most for their money tend to perform well. These businesses benefit from significant economies of scale and provide more affordable prices than their rivals.</p><p>THE PROS</p><p>Steadiness: Market volatility might deter some investors, but defensive stocks' stability provides a counterbalance to this.</p><p>Low risk: Investors who place a high priority on safeguarding their investment against loss frequently find defensive equities to be appealing. These low-risk businesses sustain their worth over time, as do the assets they get.</p><p>Economic downturns: Defensive equities often do better than their cyclical counterparts during economic downturns.</p><p>THE CONS </p><p>Low growth: Defensive stocks seldom see rapid growth, which is the opposite of stability. You might not get rich off of them, but they might hold their worth over time.</p><p>Underperformance during economic expansion: Defensive companies are more likely to maintain their current growth level during economic development when other equities are flying.</p><p>Defensive equities are sometimes overpriced during downturns in the economy. </p><p>FINAL INSIGHT</p><p>Protect your assets during a recession and prevent losses by investing in defensive equities. Unfortunately, these equities won't likely offer accelerated growth.</p><p>A defensive stock is ultimately any stock that regularly succeeds despite fluctuations in the market. While looking for stocks in defensive sectors is a fine place to start, it's more crucial to focus on a stock's essential characteristics, such as its business size, dividend payout, and historical returns, which indicate defensive performance.</p> This article was written by ForexLive at www.forexlive.com.

  • PayRetailers Appoints Lorenzo Pellegrino as New Chief Operating & Digital Officer
    by ForexLive on February 3, 2023 at 9:07 am

    <p class="MsoNormal text-align-start"><a href="https://payretailers.com/en/" target="_blank" rel="follow">PayRetailers</a>, LATAM’s leading all-in-one payment technology provider, has announced today the appointment of Lorenzo Pellegrino as Chief Operating & Digital Officer. </p><p class="MsoNormal">Pellegrino comes to PayRetailers at a time of rapid growth, as it has expanded from seven to 11 offices, more than doubled headcount to over 200, and acquired <a href="https://www.businesswire.com/news/home/20220407005690/en/PayRetailers-Acquires-Chile%E2%80%99s-Paygol-and-Colombia%E2%80%99s-Pago-Digital-in-Move-to-Unify-85-Billion-LATAM-E-Commerce-Market" target="_blank" rel="follow">Paygol in Chile and Pago Digital in Colombia</a>. </p><p class="MsoNormal">He will lead the deployment of PayRetailers’ resources, working to enhance the company’s technology offering and international platform – to support the merchant community, and the way it can access and move funds quickly and safely.</p><p class="MsoNormal text-align-start">Payment industry leader</p><p class="MsoNormal">Pellegrino is a highly respected payments industry leader with almost 20 years of senior management experience. Most recently he was CEO of Skrill and NETELLER, heading their digital wallets businesses, alongside leading the marketing affiliate services company, Income Access – all part of the Paysafe Group Plc. </p><p class="MsoNormal">While there, he coordinated efforts to drive Paysafe’s 2021 IPO on the New York Stock Exchange (NYSE).</p><p class="MsoNormal">Between 2012 and 2015, Pellegrino was also Executive Vice President for Digital Development for Optimal Payments Plc, leading their go-to-market strategy of the NETELLER wallet business and acquisition of Skrill. </p><p class="MsoNormal">He spearheaded the company’s effort in integrating both wallet businesses which led to significant operational efficiencies and margin optimization. Before joining Optimal Payments, he held various executive level positions at Skrill (previously known as Moneybookers) and led their business development efforts in the US. </p><p class="MsoNormal">Lorenzo Pellegrino, COO & CDO, commented: “I’m thrilled to have joined a fast-growing business with so much potential. PayRetailers has a great business model and talented management team that will capitalize on the evolving payments landscape. </p><p class="MsoNormal">Innovation and collaboration among our teams will lead us to great achievements and I am impressed by the team’s ability to deliver quality new products at speed. </p><p class="MsoNormal">“There are tremendous opportunities ahead and together we will seek to deliver greater value for our customers as we scale the business. Having been CEO in my previous role, I have a deep appreciation of what it takes to bring a business like PayRetailers to the next level of growth. I look forward to working with the board and leadership team as we usher in PayRetailers’ next chapter of growth and success, and I thank them for their warm welcome.”</p><p class="MsoNormal">Juan Pablo Jutgla, CEO & Founder of PayRetailers, commented: “In Lorenzo, we have chosen a leader uniquely positioned to execute and evolve PayRetailers’ strategy while continuing to generate growth. He has earned a reputation as a strong business leader with immense sector knowledge and has an excellent track record of leading businesses in both developed and emerging markets. </p><p class="MsoNormal">“We believe his strong leadership experience will help focus PayRetailers to become the payment method of choice to increase our community of merchants. We are delighted he will be supporting the company into a bright future and are excited as we enter the next chapter in PayRetailers’ journey.”</p><p class="MsoNormal">For more information about PayRetailers, please visit the company's website at <a href="https://payretailers.com/" target="_blank" rel="follow">https://payretailers.com</a></p><p class="MsoNormal text-align-start">About PayRetailers</p><p class="MsoNormal">Founded in 2017, PayRetailers is a leading global provider of online payment services with Latin DNA. Through one direct API, one technology platform and one contract, PayRetailers offer global merchants more than 250 payment methods without the need of a local entity. </p><p class="MsoNormal">PayRetailers platform provides businesses the ability to manage their payment ecosystem, analyze data, and simplify their customer experience through fully integrated solutions.</p><p class="MsoNormal">PayRetailers is headquartered in Spain with regional offices in Argentina, Brazil, Chile, Colombia, Mexico, Costa Rica, Paraguay and Peru. </p><p class="MsoNormal">Website: <a href="https://www.payretailers.com/" target="_blank" rel="follow">https://www.payretailers.com</a></p><p class="MsoNormal">LinkedIn: <a href="https://www.linkedin.com/company/pay-retailers/" target="_blank" rel="follow">https://www.linkedin.com/company/pay-retailers/</a></p> This article was written by ForexLive at www.forexlive.com.

  • How Do Haircuts Affect The Investor and the Economic Market?
    by ForexLive on February 2, 2023 at 10:00 am

    <p>In the <a href="https://greendax.com/" target="_blank" rel="follow">financial industry</a>, a haircut is a value reduction made to an asset to determine the capital required, margin, and level of collateral. The difference between a loan's principal and the asset's market value will serve as collateral. This amount is given as a percentage. The lender must consider the shifting market price over time, which results in the disparity.</p><p>The distinction between the purchase and sale price of a stock, bond, derivative contract, or any other financial instrument is sometimes referred to as a haircut. The phrase "haircut" refers to the market maker's <a href="https://www.forexlive.com/terms/s/spread/" class="terms__main-term" id="d8b31812-f8ca-4924-b7d3-27344d62f80c" target="_blank">spread</a> in this context.</p><p>How to Interpret a Haircut</p><p>When a <a href="https://greendax.com/Registration" target="_blank" rel="follow">financial institution</a> or lender assigns a value to a collateral asset less than the requested loan amount, this is known as a haircut. The lender chooses the haircut amount, which varies depending on the institution and situation and is typically expressed as a percentage difference. The amount of haircut is determined by weighing the hazards. For example, if the borrower defaults, the lender must take into account the level of risk they would run if they could not sell the asset or collateral for a high enough price.</p><p>Compressed haircuts result from high price predictability and lesser associated risks because the lender is confident that the collateral can satisfy the loan amount upon liquidation. As an illustration, government securities dealers frequently employ treasury bills in overnight borrowing transactions, also known as repurchase agreements (repos). Due to the high level of assurance regarding the value, liquidity, and credit rating of the securities used as collateral in such instances, the haircut is minimal.</p><p>Example</p><p>For instance, if a borrower seeks out a loan for $15000 from a financial institution and uses their stock portfolio worth $15000 as security, the financial institution will very likely recognize the $15000 portfolio as only worth $7500 as collateral. The haircut is the value of the stock portfolio provided as collateral reduced by 50%, or $7500.</p><p>There is no one-size-fits-all percentage for haircuts because each asset must be handled uniquely. For example, an asset may have a value of $10000, but if it receives a 10% haircut, it will only be valued at $9000. In a similar light, another item might be worth $10000 but given a haircut of 30%, meaning it is regarded as though its value were $7000.</p><p>Important Takeaways and Final Overview</p><p>· A haircut is a difference between the price at which a stock is bought and sold, or the spread market makers may establish.</p><p>· The discrepancy between the loan amount and the market value of collateralized assets is known as a haircut in the finance industry.</p><p>· The safer the asset, the lower the haircut, and the riskier the asset, the greater the haircut.</p><p>To sum this up, Lenders take a haircut, or a percentage reduction in the value of the asset used as collateral for the loan, to shield themselves from price volatility and associated risks. When a borrower defaults on their obligations, financial institutions calculate the value of the collateral asset and assign that value to the asset. </p><p>Lenders must evaluate the collateral as an independent case to assess the associated risks, including volatility, price predictability, and liquidity. Different assets are addressed in different ways.</p> This article was written by ForexLive at www.forexlive.com.

  • Investment Outlook 2023 Made by OctaFX
    by ForexLive on February 1, 2023 at 10:20 am

    <p>The year 2022 remains in the rear-view mirror. There was no shortage of buzz in the market last year: rising interest rates, an ongoing inflation shock, and, as a result, falling stock markets and a strengthening dollar. Just imagine, at the end of the year the S&P500 was headed down 18%. </p><p>If we speak about the stock market, we should not be critical, as the decrease in the value of assets was mixed and there are even positive moments:</p><p>● The Energy sector is a striking example; it added 52% for the year and is, in fact, the only sector in the green zone. </p><p>● Utilities and Consumer Staples have proven to be defensive equities (and practically unchanged). </p><p>● Healthcare fell less than the entire market (8% drop in total).</p><p>● Other cyclical sectors (Basic Materials, Industrials, Financials) have recovered over the past two months, resulting in a decline of about 10%.</p><p>● The Telecommunications, Technology, Real Estate and Consumer Discretionary sectors, which are sensitive to rising interest rates, remain deep in the negative zone.</p><p>We have taken all these trends into review and provided you with the most probable scenario of the situation. The following research aims to let our clients know the 2023 trends in the assets they trade (currency pairs and stocks). </p><p>We've highlighted two sets of information. In the first part we look at trends in the macroeconomics of countries and forecast the value of the U.S. dollar, and in the second part we share a vision about key industries that we think will perform in 2023.</p><p>As we said, this outlook will be of primary interest to our clients, because they can use all the asset types and market situations discussed to execute trades on their accounts. </p><p>United States & US Dollar</p><p>We expect the U.S. recession to continue in the first half of 2023, then recover and rebound, gaining strength by the end of 2023: </p><p>● The business cycle will outpace the economic cycle. Market players will be more optimistic, setting the stage for public equities valuation growth. Nevertheless, the full-year targets for U.S. economic growth and inflation may reflect a mostly recessionary outlook—we forecast that the inflation shock of the last 18 months has stopped—core inflation will slow from 5% now to 3% at the end of 2023. The unemployment rate will rise from 3.5% to 4.0% by year-end.</p><p>● We believe that in order to contain inflation (on the background of stronger real income growth), the U.S. Fed will raise the rate three more times in 25 bps increments to a peak of 5–5.25%. We also do not expect a rate cut in 2023. </p><p>● Based on the above, the US dollar's rise may slow and possibly reverse due to a slowdown in inflation and monetary policy easing by the US Federal Reserve starting in the second quarter (March–April) of 2023.</p><p>Global economies</p><p>US economic resilience is contrasted with a European recession and a boomy reopening in China. The energy supply shock resulting from the Russia-Ukraine war will contribute to weaker growth in the Eurozone. The situation in Asia-Pacific (APAC) mirrors that of China's reopening and their rejection of zero tolerance Covid in China</p><p>Commodity still looks attractive </p><p>● All commodities had a strong two-year run, and we expect this rally to continue, including Energy. The bullish super cycle that began in March 2020 continues. The lack of supply, which contributed to positive commodity returns in 2021 and 2022, will continue into 2023.</p><p>● OPEC+ has taken key strategic steps to minimise supply while maximising the price. U.S. preferences are increasingly shifting toward renewable energy, while Russian oil is subject to restraining sanctions. The implication is that falling global oil production will contribute to higher prices over the next few years. Thus, the International Energy Association (EIA) forecasts production growth of 1% in 2023, which with the average assumed growth of global GDP of 1.8%, creates these prerequisites (see fig.). </p><p>● However, in 2023, commodity prices may reverse as we expect a recession in the first half of the year. Once recession fears subside in the second half and demand starts to pick up, we expect commodity prices to start rising. Our year-end forecast is $95 for Brent and $91 for WTI.</p><p>two sectors that, for different reasons, have growth potential and could be attractive in 2023, but at the same time do not rule out separate market stories with other stocks:</p><p>Big Techs have big trends</p><p>After the technology crash of 2022, some companies are still struggling to recover, and investors may think that the best days of technology companies have passed. </p><p>Ambitious plans can definitely be pushed aside. For the technology sector, 2023 is a year of uncertainty and skills shortages. This puts a strain on all activities in 2023. </p><p>Companies are focused on optimising business processes and reducing budgets, which, in our opinion, will have a negative impact on growth stocks.</p><p>However, we see the negative market sentiment as a great opportunity for the “Big Techs” (Apple, Microsoft, Nvidia, Visa, etc.), as their businesses have become well-established.</p><p>We believe that rising interest rates and macroeconomic and geopolitical concerns have simply distracted investors from long-term trends that create growth opportunities for companies in Semiconductors, Cloud technologies and 5G. (Our clients can trade 22 shares in this sector)</p><p>Healthcare—good fundamentals creating upside opportunity</p><p>In the first half of 2022, we saw a massive selloff across the entire spectrum of the market, and the Healthcare sector is no exception. But with so much negative sentiment already factored into stock prices, the fundamentals become quite interesting and speak to the undervaluation of this category of stocks. If confirmed by investors' willingness to buy, the healthcare sector could rise in 2023.</p><p>Another tailwind is worth highlighting: The US Inflation Reduction Act, which was signed into law in August 2022, included a 3-year extension of enhanced subsidies for consumers who purchase health coverage on the Affordable Care Act marketplaces. This is a benefit to health insurers offering Medicare and/or Medicaid plans.</p><p>Regardless of where the U.S. markets go next, the Healthcare sector may offer a combination of protective and growth characteristics that could be attractive in a variety of scenarios. (Our clients can trade 22 shares in this sector).</p><p>The Bottom Line</p><p>Due to the fact that business cycles outpace economic cycles, we believe that cyclical stocks have growth potential first and foremost.</p><p>We believe that the themes described in this review are the key ones that will drive the world economy. </p><p>We deliberately divided the forecasts into America and non-America, understanding that the U.S. dollar is the main measure of the state of the world economy. And within 2023, the U.S. dollar tends to decline, which is a leading positive signal for the global economy and all categories of public equities.</p> This article was written by ForexLive at www.forexlive.com.

  • AAAFx Receives “Best CFD Broker - MEA” Award at the UF AWARDS MEA 2023
    by ForexLive on February 1, 2023 at 9:00 am

    <p class="MsoNormal">An A-rate CFD brokerage and a leader in the Forex and CFD industry, <a href="https://aaafx.com/" target="_blank" rel="follow">AAAFx</a> has recently been awarded the “Best CFD Broker - MEA” accolade at the UF AWARDS MEA 2023 Ceremony, shortly after iFX EXPO Dubai closed its doors. </p><p class="MsoNormal">Leaving one party to join another, industry leaders gathered at Hotel Indigo, Dubai Downtown to acclaim the “best” in fintech and financial services. </p><p class="MsoNormal">Outshining its competitors in the B2C/brokerage category, AAAFx seized yet another resounding title. Only last year, at the <a href="https://www.forexlive.com/terms/f/forex/" class="terms__main-term" id="06def413-08d7-486e-bce1-d4aa76c0d477" target="_blank">Forex</a> Expo Dubai, was the innovative brokerage firm crowned the “Best FX Service Provider” and “Most Transparent Broker” at the <a href="https://ultimatefintech.com/winning/" target="_blank" rel="follow">Ultimate Fintech Awards</a>.</p><p class="MsoNormal">Gurbir Singh, Head of Business Development, AAAFx said: “It is always refreshing to see that the industry values what you do and what you stand for. This accolade is a statement of our sustained commitment to delivering innovative, tailored financial services and solutions that meet the ever-changing needs of our traders, no matter where they are around the world.”</p><p class="MsoNormal">The new win is a remarkable success for AAAFx, considering its 15-year history in the industry and significant strides in the direction of technology enablement. Integrating a slew of trading platforms and tools, the brokerage has developed a comprehensive environment that lets traders explore the financial markets as they see fit. </p><p class="MsoNormal">Offering exposure to more than 500+ CFD instruments based on Stock Shares, Commodities, <a href="https://www.forexlive.com/terms/i/indices/" class="terms__secondary-term" id="eb50e0fb-8258-4e43-80e6-8831246f8b37" target="_blank">Indices</a>, Cryptocurrencies, and over 70 Forex pairs across its ECN Standard, ECN Plus, ECN Zulu and Islamic account types, the company stands out as one of the brokers with the most diverse offering. </p><p class="MsoNormal">Somesh Kapuria, Head of Business Development, AAAFx Global said: “Being the Best CFD Broker in the MEA region is a great achievement for AAAFx, strengthening our footprint in the region. We have put a lot of effort into localising our offering to the target market. And this award only proves that.”</p><p class="MsoNormal">Continuing its foray into the MEA markets, AAAFx will keep innovating, tailoring its offering to the demands of local traders. While no official statements were made as to what the company’s roadmap for 2023 will look like, it’s reasonable to believe that more products, more trading instruments and even more exciting features will be rolled out throughout the year.</p><p class="MsoNormal">About AAAFx</p><p class="MsoNormal">Founded in 2007, <a href="https://aaafx.com/" target="_blank" rel="follow">AAAFx</a> is an EU-regulated broker (license no. 2/540/17.2.2010) headquartered in Athens, Greece. The company’s aim is to offer exceptional trading experiences and outstanding customer support, regardless of a client’s deposit size. Offering in-house customer support 24/5, AAAFx’s leadership team consists of finance professionals with vast experience gained from working on Wall Street.</p><p class="MsoNormal">The company fosters a value-based environment across all its offices, driven by a strong belief in business ethics and transparency.</p> This article was written by ForexLive at www.forexlive.com.

  • Crypto under pressure
    by FxPro FXPro on January 31, 2023 at 12:07 pm

    <p>Market picture</p><p>Bitcoin lost ground throughout Monday, falling to $22.5K in early trading on Tuesday, down 6% from its Sunday peak. Total cryptocurrency market capitalisation fell 1.1% overnight to $1.04 trillion, with altcoins easy to find with positive overnight trends.</p><p>While institutional selloffs pressured Bitcoin, it is still trying to swim against the tide, gaining 0.7% today to $22.8K.</p><p>On the technical side, the latest pullback is too small to be considered a full-blown correction capable of attracting new buyers to the downside. Bitcoin now has a much higher chance of continuing its slide on profit-taking from the rally since the beginning of the year. </p><p>These can be as low as $22.1K or even $21.0K. The pull into defensive assets intensified ahead of the FOMC's decision when market expectations and Fed rhetoric diverged dramatically.</p><p>According to CoinShares, investments in cryptocurrency funds rose by $117m last week, the highest in six months, with investors focusing on bitcoin. Investments in bitcoin-related funds increased by $116 million, Ethereum by $2 million, and inflows in funds allowing short bitcoin to rise by $4 million.</p><p>News Background</p><p>Vailshire founder Jeff Ross suggests that bitcoin is likely to rise to $25,000 in the short term. According to him, the strength of BTC on the 4-hour chart remains impressive.</p><p>South Korea will introduce a cryptocurrency transaction tracking system in 2023 to combat money laundering and recover illegally obtained funds.</p><p>The value of bitcoin on Nigeria's popular NairaEX exchange jumped to nearly $39,000 in local currency terms, 65% higher than the BTC price on the global market. </p><p>The discrepancy is due to the country's central bank's ATM withdrawal limit. The central bank is trying to reduce the proportion of cash in circulation to increase the acceptance of digital naira (eNaira).</p><p>This article was written by <a href="https://www.fxpro.com/" target="_blank" rel="follow">FxPro</a>’s Senior Market Analyst Alex Kuptsikevich.</p> This article was written by FxPro FXPro at www.forexlive.com.

  • What Are Islamic Accounts on Forex, and How Do They Work?
    by ForexLive on January 31, 2023 at 10:51 am

    <p>In this overview, we will discuss the specifics of Islamic accounts on Forex: what they are necessary for and what advantages and drawbacks they have.</p><p>Specifics of swap trading on Forex</p><p><a href="https://blog.roboforex.com/blog/2020/04/07/swaps-on-forex-examples-of-use/?utm_source=forexlive.com&utm_medium=pr&utm_campaign=rf_en_external_article&utm_content=article&utm_term=islamic%20account&a=ohrb" target="_blank" rel="follow">A swap</a> is an exchange (buy-sell) operation for various assets, where a direct exchange deal is accompanies by a reverse deal that implies returning the same assets after some set time on agreed conditions. A currency swap (overnight) is two deals in the opposite directions for the same currency but with different value setting dates.</p><p>In the <a href="https://blog.roboforex.com/blog/2019/03/05/what-is-forex/?utm_source=forexlive.com&utm_medium=pr&utm_campaign=rf_en_external_article&utm_content=article&utm_term=islamic%20account&a=ohrb" target="_blank" rel="follow">Forex market</a>, brokers normally charge/deposit a certain fee for transferring the position for the next day. A swap (rollover) on Forex implies depositing/withdrawing money (interest) for transferring an open position for the next day. </p><p>After the position gets transferred overnight, the rollover emerges from the difference in interest rates of different national currencies. The bigger this difference is inside the <a href="https://blog.roboforex.com/blog/2020/06/19/how-to-choose-a-currency-pair-for-trading-in-forex/?utm_source=forexlive.com&utm_medium=pr&utm_campaign=rf_en_external_article&utm_content=article&utm_term=islamic%20account&a=ohrb" target="_blank" rel="follow">currency pair you choose</a>, the bigger swaps are. Swaps can be either positive or negative.</p><p>What are Islamic Forex accounts</p><p>In Islam, usury, i.e. crediting on interest, is strictly forbidden as a grave sin. Hence, broker companies providing access to the currency market offer to their Muslim clients the so-called <a href="https://roboforex.com/forex-trading/trading/swap-free/?utm_source=forexlive.com&utm_medium=pr&utm_campaign=rf_en_external_article&utm_content=article&utm_term=islamic%20account&a=ohrb" target="_blank" rel="follow">Islamic accounts on Forex</a>.</p><p>In essence, those are swap-free accounts with no interests on them. As a rule, they latter ones are replaced by a fixed commission charged for transferring deals for the next day.</p><p>How Islamic accounts work on Forex</p><p>Instead of swaps for transferring positions for the next day, clients pay a fixed commission that only depends on certain currency pairs and open lots but not on the interest rates of issuing banks. The more days the trade remains open, the more money the trader will pay as the commission. The calculation formula for calculating the commission fee for transferring open positions for the next day looks as follows:</p><p>Commission = (Commission per lot) * (Number of lots)</p><p>The commission charged for transferring an open position for the next day differs from currency pair to pair. To see how much it will be, check the list of commission fees for rollovers on swap-free Islamic accounts offered by your broker.</p><p>Advantages and drawbacks of Islamic accounts</p><p>Advantages:</p><ul> <li>Respectful attitude to religious clients and terms & conditions adapted for their needs;</li> <li>Possibly economic in the long run: the commission for transferring position overnight might be smaller than the negative swap.</li> </ul><p>Drawbacks:</p><ul> <li>As a rule, not all account types and instruments offered by the broker are available for swap-free trading;</li> <li>There is no replacement for a positive swap, which makes it impossible to make money on transferring an open position for the next day.</li> </ul><p>Summary</p><p>Islamic accounts on Forex are a step towards Muslim clients that stick strictly to their religious beliefs. Thanks to replacing the unacceptable swaps by fixed commission fees, a lot of Muslim traders worldwide have the chance to trade on Forex violating no religious rules.</p> This article was written by ForexLive at www.forexlive.com.

  • PayRetailers Appoints Philippe Laranjeiro as Chief Commercial Officer
    by ForexLive on January 31, 2023 at 10:16 am

    <p class="MsoNormal"><a href="https://payretailers.com/en/" target="_blank" rel="follow">PayRetailers</a>, LATAM’s leading all-in-one payment technology provider, has announced the appointment of Philippe Laranjeiro as Chief Commercial Officer (CCO). He will report to CEO Juan Pablo Jutgla, overseeing the company's commercial operations, supporting rapid growth and increasing market share – while accelerating service optimization.</p><p class="MsoNormal text-align-start">Fintech growth leadership</p><p class="MsoNormal">Laranjeiro joins Spain-based PayRetailers with an impressive track record in the high-growth paytech sector, with more than 20 years of experience cultivating and scaling inclusive, equitable, high-performance teams. A fintech and payments veteran, he has previously worked in leadership roles for multiple Silicon Valley companies, including Atchik, Netsize, VISA, and Citcon.</p><p class="MsoNormal">His appointment supports PayRetailers’ ongoing growth strategy in a year that has seen the company expand its footprint from seven to 11 offices, more than double its headcount to over 200, and acquire <a href="https://www.businesswire.com/news/home/20220407005690/en/PayRetailers-Acquires-Chile%E2%80%99s-Paygol-and-Colombia%E2%80%99s-Pago-Digital-in-Move-to-Unify-85-Billion-LATAM-E-Commerce-Market" target="_blank" rel="follow">Paygol in Chile and Pago Digital in Colombia</a>. </p><p class="MsoNormal">PayRetailers Founder and CEO, Juan Pablo Jutgla, said, "We are thrilled to add someone of Philippe’s caliber to our leadership team. He is a deeply experienced and uniquely skilled fintech leader who possesses a clear client-first mentality. His experience and expertise in commercial leadership will be invaluable as we continue to focus on growth, profitability improvement, and business performance.” </p><p class="MsoNormal text-align-start">Leading LATAM’s digital transformations</p><p class="MsoNormal text-align-start">A specialist in aligning talent strategy to business growth, Laranjeiro will lead PayRetailers’ sales, partnerships, customer engagement and success strategy. Philippe Laranjeiro said, "I am excited to join the team at PayRetailers as we deploy our innovative technologies to empower merchants’ digital transformations and optimize new revenue streams.”</p><p class="MsoNormal">For more information about PayRetailers, please visit the company's website at <a href="https://payretailers.com/" target="_blank" rel="follow">https://payretailers.com</a></p><p class="MsoNormal">About PayRetailers</p><p class="MsoNormal">Founded in 2017, PayRetailers is a leading global provider of online payment services with Latin DNA. Through one direct API, one technology platform and one contract, PayRetailers offer global merchants more than payment methods without the need of a local entity. </p><p class="MsoNormal">PayRetailers platform provides businesses the ability to manage their payment ecosystem, analyze data, and simplify their customer experience through fully integrated solutions.</p><p class="MsoNormal">PayRetailers is headquartered in Spain with regional offices in Argentina, Brazil, Chile, Colombia, Mexico, Costa Rica, Paraguay, and Peru. </p><p class="MsoNormal">Website: <a href="https://www.payretailers.com/" target="_blank" rel="follow">https://www.payretailers.com</a></p><p class="MsoNormal">LinkedIn: <a href="https://www.linkedin.com/company/pay-retailers/" target="_blank" rel="follow">https://www.linkedin.com/company/pay-retailers/</a></p> This article was written by ForexLive at www.forexlive.com.

  • Fxview Crowned “Best ECN/STP Broker” at UF AWARDS MEA 2023
    by ForexLive on January 31, 2023 at 8:40 am

    <p class="MsoNormal"><a href="https://fxview.com/" target="_blank" rel="follow">Fxview</a>, a leading multi-asset global brokerage headquartered in Cyprus, just won the “Best ECN/STP Broker” award this year at the UF AWARDS MEA 2023! </p><p class="MsoNormal">One of the most coveted awards in the finance and fintech industry, <a href="https://ultimatefintech.com/winning/" target="_blank" rel="follow">the UF Awards</a> followed iFX EXPO Dubai, on January 18, 2023, at the Orange Feels Bar of Hotel Indigo Dubai Downtown. The esteemed audience applauded the best B2B and B2C brands in the Middle East and Africa region.</p><p>Another Achievement for Fxview</p><p class="MsoNormal">Fxview, a Finvasia Group company, leverages cutting-edge technology winning international acclaim. The team’s ‘clients first’ approach has enabled the brokerage to constantly upgrade its value proposition for traders. </p><p class="MsoNormal">The company has launched innovative products and provides excellent customer service to meet the changing needs of its global clients. This led Fxview to win several prestigious awards, including “Best Global CFD Broker'' at the Forex Expo Dubai, held in October 2022, the “Most Trusted Broker” award at the Ultimate Fintech Awards in June 2022 and the “Best Value Broker” accolade at Forex Expo Dubai in 2021. </p><p class="MsoNormal">With this recognition, Fxview cements its brand positioning in the Middle East and Africa regions, equipping local traders with a plethora of tools and options to succeed. </p><p class="MsoNormal">“The Fxview team is committed to creating an ethical space for traders around the globe, which is powered by advanced technology to provide the best trading conditions to traders, irrespective of deposit size,” said Janis Anastassiou, MD Financial Intermediation, Finvasia Group.</p><p class="MsoNormal">Consolidating its position in the MEA markets, Fxview continues to spearhead innovation and hone its offering in line with the needs of traders locally. In anticipation, we wait for the company to make a statement regarding future plans for any new releases. </p><p class="MsoNormal">However, considering Fxview’s in-depth understanding of the Middle Eastern and African markets, product upgrades, new features and new releases will likely find their way to the market in due course.</p><p>The UF Awards</p><p class="MsoNormal">An award from Ultimate Fintech is highly sought-after by online brokerage firms from around the globe. It is among the most coveted awards that recognises leaders who never stop reinventing themselves to deliver a unique and exceptional trading experience to their clients. </p><p class="MsoNormal">The award sets the standard of excellence by recognising the most esteemed brands in the finance and fintech industry.</p><p>About Fxview</p><p class="MsoNormal">Fxview is a global multi-asset brokerage that provides multiple trading platforms, lowest-cost trading, and innovative products to novice and professional traders. This will be "It is registered with and regulated by multiple authorities around the world, including the Cyprus Securities and Exchange Commission (CySEC), the FSCA (South Africa) and FSC (Mauritius). </p><p class="MsoNormal">Over the years, Fxview has strengthened its resolve to provide transparent and low-cost products, empowering clients to trade with confidence.</p> This article was written by ForexLive at www.forexlive.com.

  • Highlights from iFX EXPO Dubai 2023 – Throwback to the Largest MENA Fintech Gathering
    by ForexLive on January 31, 2023 at 8:38 am

    <p class="MsoNormal">iFX EXPO Dubai 2023 was a resounding success in the financial and fintech space, attracting over 3500 attendees and over 120 industry-leading brands. </p><p class="MsoNormal">Held at the Dubai World Trade Centre from the 16th to the 18th of January 2023, the event featured over 100 speakers and provided a platform for networking and learning from industry leaders. With an impressive list of sponsors and exhibitors, the event covered a wide range of services and products and provided valuable insights into the industry.</p><p class="MsoNormal">The event’s list of sponsors and exhibitors was impressive, with notable names such as Exness, ZuluTrade, Multibank Group, CMC Markets, B2Broker and many more. These companies represented a wide range of services and products that the financial services and fintech space offers.</p><p class="MsoNormal">The event was also filled with impactful speakers who provided invaluable insights.</p><p class="MsoNormal">Some of the most popular sessions included:</p><ul type="disc"><li class="MsoNormal">Next Tech Industry Trends: Growth Drivers in 2023 - Industry veterans shared perspectives and discussed the technology driving innovation in the brokerage sector, how brokers can keep up with the future of trading technology, and the potential benefits of using Tradetech and RegTech in online trading.</li><li class="MsoNormal">Survival Kit: The Payments Landscape in MENA - The panel shed light on the importance of cross-border and cross-asset payments in the MENA region and how innovation is shaping the landscape of payments for merchants, with a focus on the UAE and KSA as two of the world's most significant remittance corridors. </li><li class="MsoNormal">The Financial Melting Pot of MENA: Dos & Don’ts - Experts revealed the opportunities for businesses in online trading, fintech, and other industries in the MENA region. They provided practical insights on business operations, best practices, and compliance in the region, including how to expand their footprint, strategies for successfully offering unique experiences to the MENA audience, and the role of the metaverse in developing a business in MENA.</li></ul><p class="MsoNormal">In addition to the informative and educational sessions, the iFX EXPO Dubai 2023 also provided attendees with opportunities to network and socialise through a series of parties. </p><p class="MsoNormal">Both events were held at the luxurious and flagship Soho Garden DXB and New Soho Garden DXB venues, which are known for their stunning natural elements, cosmopolitan atmosphere and diverse mix of lounging and nightlife experiences which was the perfect place to socialise, network and enjoy a fun-filled evening with industry peers.</p><p class="MsoNormal text-align-start">Upcoming Event: iFX EXPO Asia 2023</p><p class="MsoNormal">We're excited to announce that iFX EXPO Asia 2023 is just around the corner! This year's event will take place in Bangkok at Centara Grand & Bangkok Convention Centre at CentralWorld from the 20th to the 22nd of Juneand is planned to be even bigger than our event in Bangkok last year.</p><p class="MsoNormal">Don't miss out on this opportunity to:</p><ul type="disc"><li class="MsoNormal">Engage with top companies and explore potential business opportunities with them.</li><li class="MsoNormal">Network with industry leaders and gain valuable insights.</li><li class="MsoNormal">Learn about the latest fintech trends and developments and gain a competitive edge in the ever-changing world of online trading.</li></ul><p class="MsoListParagraph">· Showcase your brand and stand out from the competition at the event, where you can promote your products and services and connect with potential clients and business partners.</p><p class="MsoNormal">Booths and sponsorships are selling out fast, so to secure your spot at iFX EXPO Asia 2023, contact <a href="mailto:[email protected]" target="_blank" rel="follow">[email protected]</a>and book your booth and sponsorship today. </p><p>Keep an eye out for more information by visiting the official event <a href="https://bangkok2023.ifxexpo.com/" target="_blank" rel="follow">website.</a>Save Your Spot at iFX EXPO Asia 2023!</p> This article was written by ForexLive at www.forexlive.com.

  • Bitcoin feels the need for correction before further growth
    by FxPro FXPro on January 30, 2023 at 10:34 am

    <p>Market picture</p><p>Bitcoin rose 5.3% last week to close at $23.8K. On Sunday, the first cryptocurrency was one step away from $24K, updating its high since August. Ethereum gained 0.9% to $1640. Top-10 leading altcoins have gained between 2.7% (Dogecoin) and 18.8% (Polygon).</p><p>Total cryptocurrency market capitalisation rose 4.4% to $1.08 trillion over the week, according to CoinMarketCap. The cryptocurrency fear and greed index reached the greed zone for the first time since late March last year.</p><p>Bitcoin is gradually approaching its key moving averages. The 200-week is just above $24.7K, and the 50-week is now at $24.5K. A break below these levels would be a strong sell signal. A rebound above them could restore confidence in the crypto market. But be prepared for a prolonged consolidation or correction before a decisive move higher. </p><p>Polygon (MATIC) broke into the top 10 by capitalisation, taking over Solana. Over the past 30 days, the price of MATIC has increased by 52%. Ethereum's second-tier scaling network came second by daily users, behind the BNB chain.</p><p>Another recalculation showed a 4.7% increase in the mining complexity of the first cryptocurrency. The index renewed its all-time high at 39.35T.</p><p>News Background</p><p>According to Matrixport, US institutional investors have started actively buying bitcoin, accounting for up to 85% of all purchases. Altcoins are still largely lagging but could soon overtake the top two cryptocurrencies. </p><p>According to Reuters, the US Securities and Exchange Commission (SEC) has begun inspecting Wall Street financial advisors for cryptocurrency custody services.</p><p>One of the largest rating agencies, Moody's, is developing a scoring system to analyse the risks of stablecoins. The platform will be based on assessing the quality of collateral reports and will support up to 20 assets.</p><p>This article was written by <a href="https://www.fxpro.com/" target="_blank" rel="follow">FxPro</a>’s Senior Market Analyst Alex Kuptsikevich.</p> This article was written by FxPro FXPro at www.forexlive.com.

  • Capital Wallet Wins “Most Outstanding Innovator in Crypto Payments” at UF AWARDS MEA 2023
    by ForexLive on January 30, 2023 at 9:17 am

    <p>Leading crypto platform, <a href="https://capitalwallet.com/" target="_blank" rel="follow">Capital Wallet</a> won the award for the Most Outstanding Innovator in Crypto Payments in the MEA (Middle East and Africa) region, at the UF Awards ceremony following iFX EXPO Dubai 2023.</p><p>The UF AWARDS MEA 2023 ceremony took place at the Orange Feels Bar of Hotel Indigo Dubai Downtown, on January 18, 2023. During this event, the UF AWARDS MEA were announced and handed out to brands that have set new benchmarks in excellence in the financial services and fintech industry.<a href="https://ultimatefintech.com/winning/" target="_blank" rel="follow"> The UF Awards</a> are among the most coveted in both B2B and B2C finance space.</p><p>Another Prestigious Win for Capital Wallet</p><p>Capital Wallet, a leading provider of cryptocurrency payment solutions for merchants and traders, was recognised for its innovative solutions that have spearheaded transformation in the industry. </p><p>“This is an exceptional start to the new year. Winning this prestigious UF Award is a great honour for us. It motivates us to continue innovating to solve real-world financial problems with the most cutting-edge technology. We have never rested on our laurels and aim to work even harder to provide the best user experience in crypto payments for different businesses,” said Fotis Fotinias, CEO of Capital Wallet.</p><p>Capital Wallet, which has raised the bar in crypto payments by facilitating the fastest and most seamless transactions, won several awards in 2022. The company won the “Best Crypto Payments Solutions Provider” during the Forex Expo Awards in October and bagged the “Best Crypto Solution for Payments” award at the Finance Magnates London Summit in November.</p><p>Capital Wallet, a Finvasia Group alliance, is committed to creating a global crypto ecosystem based on transparency and equality. Finvasia is a multi-disciplinary, multinational organization that caters to millions of clients in over 180 countries across the healthcare, real estate, technology, and financial services sectors. </p><p>Abha Garg, Executive Director at Capital Wallet, said: “It’s encouraging to start the year with an award. Of course, this win is as demanding as it is refreshing. It means we will need to keep rolling the ball of innovation as we continue to tailor our offering to the increasingly sophisticated demands of crypto holders.”</p> This article was written by ForexLive at www.forexlive.com.

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