FOREX-NACHRICHTEN & BLOG

Australian dollar nears the highs of the week as risk trades continue to improve

Australian dollar nears the highs of the week as risk trades continue to improve

May 2, 2024 9:28 pm |

The mood in markets continues to improve as traders digest yesterday’s FOMC decision.

The initial reaction was to sell the dollar and buy risk assets but it was swamped late yesterday by a curious round of selling. That pressure has slowly faded and now AUD/USD is near the highs of the week and the Nasdaq is up 1.6%.

It’s cliche but the next move is all about non-farm payrolls. Powell was about as explicit as he could get when asked about what it would take to cut rates and he said it would take more than ‘a couple’ tick increase in unemployment to shift in that direction. Right now, the unemployment rate is 3.8% so I’m guessing the conversations would start at 4.0% or 4.1%.

Obviously that would mean a miss on Friday but any step in that direction would get the market’s attention and vice versa.

More broadly, the stance towards flat or lower rates is clear as Powell said hikes were unlikely and emphasized that repeatedly.

On the flip side, the talk of about rate hikes in Australia has ramped up. Now I don’t think that’s today’s trade as CAD and NZD are both strong as well (thought not as strong as AUD). China is certainly a focus as equities there post their best day of the year. Very few people have been touting upside risks in the Chinese economy but if that’s something you believe in, then the Australian dollar is in a great spot.

This article was written by Adam Button at www.forexlive.com.

Feed from Forexlive.com

MoneyMaker FX EA-Handelsroboter

Weiterlesen
CFI Obtains Regulatory Approval for South African Operations

CFI Obtains Regulatory Approval for South African Operations

May 2, 2024 9:27 pm |

CFI, an online trading provider, has announced its expansion
into South Africa. This strategic move is considered a milestone for the
group’s global growth strategy and underscores its focus on extending its
presence within the African continent.

South African Entry: Regulatory Compliance and
Pan-African Strategy

CFI has obtained a Category 1 Financial Service Provider
(FSP) license from the Financial Sector Conduct Authority, highlighting
its adherence to regulatory standards and dedication to offering exceptional
trading and investing services with a focus on safety, transparency, and
reliability.

As part of its expansion efforts, CFI Financial LTD,
now an authorized South African FSP, is actively preparing to commence its
operations in South Africa.

“This significant achievement underscores our
relentless dedication to empowering traders globally while offering them a
competitive edge in the markets,” said Hisham Mansour, Co-Founder and
Managing Director of CFI. “With industry-leading conditions, the group
remains at the forefront of the industry, leveraging its 25-year unblemished
reputation to provide unparalleled trading and investing services and financial
education, reaffirming our mission to empower traders globally with top-tier
financial services.”

The expansion into South Africa is part of CFI’s broader
strategy to deepen its presence across Africa, following the successful launch
of CFI Egypt in 2023 and its expansion into Kuwait, Oman, and Palestine the
same year.

CFI’s International Regulatory Licenses

CFI holds multiple global regulatory licenses from various
authorities such as the Financial Conduct Authority in the United Kingdom, the Securities and
Commodities Authority in the United Arab
Emirates, the Cyprus Securities and Exchange Commission in Cyprus, the Jordan
Securities Commission in Jordan, and the Financial Regulatory Authority in Egypt, among others. These licenses
underscore CFI’s commitment to upholding the highest international standards of
compliance and governance.

This article was written by Tareq Sikder at www.financemagnates.com.

Feed from Financemagnates.com

MoneyMaker FX EA-Handelsroboter

Weiterlesen
Beeks Group Appoints Adam Bradley as Head of Sales for the Asia-Pacific Region

Beeks Group Appoints Adam Bradley as Head of Sales for the Asia-Pacific Region

May 2, 2024 8:52 pm |

Beeks Group has appointed Adam Bradley as Head of
Sales for the Asia-Pacific (APAC) region. With over two decades of experience
in financial technology, Bradley brings a wealth of experience to his new role.
He is expected to lead Beeks’ growth initiatives in the APAC region.

Gordon McArthur, the CEO of Beeks Group, mentioned: “Adam’s strategic acumen and profound market insights are pivotal to our
expansion efforts in APAC. His exceptional track record and client-centric
philosophy align perfectly with our objectives to innovate and excel in the
financial technology domain.”

Australian Securities Exchange Alumnus

Previously, Bradley managed significant business units
and led global sales teams at the Australian Securities Exchange (ASX). At Beeks Group, Adam will capitalize on his experience and understanding of market
dynamics to strengthen the company’s service offerings.

Adam’s connection
with Beeks dates back five years when he facilitated the company’s
expansion into ASX’s Australian Liquidity Centre. Beeks Group aims to
enhance its offerings in infrastructure, connectivity, and analytics in the
APAC financial markets.

In March, Beeks appointed Zech Kottilil as the
Technical Pre-Sales Specialist. Kottilil is a seasoned professional with over
15 years of experience from industry giants such as Nasdaq and Amazon Web
Services.

Kottilil, with a background in cloud technologies and a wealth of experience in the financial industry, is expected to bridge the gap between Beeks’ technical teams and its clients. His role involves streamlining the sales process and bolstering support for existing and prospective customers.

Beeks’ Expansion and Financial Performance

His appointment followed Beeks’ impressive financial
performance for the first half of fiscal year 2024. The company reported a 25%
YoY increase in revenue to £12.96 million. Pre-tax profits surged by 113% to
£1.38 million, while statutory profits saw a remarkable jump of 121% to £0.16
million.

Earlier in the year, the company secured a substantial
expansion deal with an existing Tier 1 investment manager, valued at several
million dollars over multiple years. This agreement focuses on Beeks’
Proximity Cloud solution.

This article was written by Jared Kirui at www.financemagnates.com.

Feed from Financemagnates.com

MoneyMaker FX EA-Handelsroboter

Weiterlesen
S&P index trades near highs. Remains between 100 day MA below/50 day MA above

S&P index trades near highs. Remains between 100 day MA below/50 day MA above

May 2, 2024 8:10 pm |

The S&P index is trading higher and near session highs. The current price is up 36 points at 5054.25. The high for the day reached 5058.01.

That puts the price near the middle between key day MAs.

On the downside, is the 100-day MA at 4979.26. Just below that is the 50% midpoint of the 2024 trading range at 4973.48. The price did move below that midpoint level on April 19, but failed on the break.

The subsequent corrective high reached to 5123.49. That happened to stall right near the 50-day MA currently a little higher at 5128.95.

So with the price between the 50-day MA at 5128.95 and the 100-day MA at 4979.26 and 50% at 4973.48, the market is torn between more bullish and more bearish.

That makes sense given the uncertainty with Fed, the economy, inflation trend, growth, geopolitics and throw in the US election to come. At some point, however, the picture will get clearer and we will see a break.

For now. Be aware and prepared. The technical picture is neutral.

As a sideshow, Apple will report earnings after the close. Apart from Nvidia, who will toward the end of May, Apple is one of the last of the major large cap stocks to report.

What is expected?

Earnings Expectations:

  • Earnings per share (EPS): $1.50
  • Revenue: $90.01 billion

Performance by Business Unit:

  • iPhone revenue: $46.00 billion
  • Mac revenue: $6.86 billion
  • iPad revenue: $5.91 billion
  • Wearables, home, and accessories revenue: $8.08 billion
  • Services revenue: $23.27 billion

Future Projections:

  • Forecast for the current quarter: Approximately $83.23 billion in sales, representing a 1.8% annual growth.

  • Stock Performance and Market Concerns:

    • Apple shares have decreased by about 10.3% this year, underperforming compared to its peers and the broader market.
    • Concerns are growing over potentially weak demand for the upcoming iPhone 15 in 2023.

This article was written by Greg Michalowski at www.forexlive.com.

Feed from Forexlive.com

MoneyMaker FX EA-Handelsroboter

Weiterlesen
USD/JPY hits the intervention low as a wild day for the pair wraps up

USD/JPY hits the intervention low as a wild day for the pair wraps up

May 2, 2024 8:06 pm |

USD/JPY is back down to the intervention lows.

It’s been a crazy day and week for this pair as it’s traded in wide ranges and with huge swings due to intervention and dip buying.

The market is acting like it’s:

1) Scared of more intervention

2) Worried about non-farm payrolls and unwilling to buy the dip

3) Taking down exposure in crowded long USD/JPY trades

To some extent, all of those work together but the change in trend from buying the dip in early Asia towards selling the pair is stark, and it doesn’t rule out some kind of stealth intervention.

For me, these levels offer a compelling entry point with a stop just below the figure because nothing has changed in the fundamentals.

This article was written by Adam Button at www.forexlive.com.

Feed from Forexlive.com

MoneyMaker FX EA-Handelsroboter

Weiterlesen
$SNUKE Presale Reaches 300 $SOL Milestone

$SNUKE Presale Reaches 300 $SOL Milestone

May 2, 2024 7:59 pm |

$SNUKE, a new meme coin inspired by the humor of the popular TV show “South Park” and based on the Solana blockchain, has recently achieved significant milestones in its presale. These achievements underscore its potential among the array of Solana-based meme coins poised for success.

Early Success in the $SNUKE Presale

SNUKE ($SNUKE), a meme coin with a vibrant community backing, has raised over 300 $SOL in the first four days of its 25 day token presale.

The $SNUKE Presale has a total allocation of 600 Million $SNUKE Tokens for early Presale participants.

According to the SNUKE team, the initial progress with both retail investors and prominent Solana stakeholders highlights interest in their community focused approach and transparent fundraising model.

$SNUKE is setting a new standard for fairness in the crypto space with no insider allocation. SNUKE’s team is optimistic that the presale, which commenced on April 25th, will encourage widespread participation by offering every early adopter an opportunity to secure tokens.

$SNUKE Presale: Early Access to 60% of Tokens and Zero Transaction Tax

The $SNUKE Presale allocates 60% of its total supply of 1 Billion #SNUKE Tokens to early adopters. The $SNUKE Token offers a commitment of 0% tax on transactions, with liquidity pool (LP) tokens burnt to ensure security, and the minting function permanently disabled to prevent the creation of new tokens.

How to Participate in the $SNUKE Presale

To participate in the $SNUKE Presale, users can follow these simple steps:

1. Wallet Preparation: Users should ensure they have a compatible Solana wallet, such as Phantom or Solflare, set up for participation.

2. $SOL Acquisition: Users should acquire $SOL from Binance or Coinbase, considering applicable transaction fees, and then transfer it to their Solana Compatible self-custodial wallet.

3. Contribution: Users should visit the $SNUKE presale page and adhere to the provided instructions to transfer $SOL to the designated address.

4. Token Tracking: Users can utilize the user-friendly dashboard to monitor the $SNUKE tokens entitled based on the total $SOL contributed.

5. Token Receipt: After the presale, $SNUKE tokens will be airdropped to the user’s wallet in proportion to their contribution.

Joining the $SNUKE Community

Joining $SNUKE is an opportunity to be part of a movement set to redefine meme coins on Solana. With growing social media presence and a surge in community engagement, the $SNUKE team sees a great future for $SNUKE in the industry.

Users can stay connected with the $SNUKE community and receive updates or information about partnerships by joining the $SNUKE Telegram group and following us on Twitter.

About $SNUKE

$SNUKE (https://snuke.wtf) is a pioneering project launched on the Solana blockchain, inspired by the beloved “South Park” series. It blends humor with investment potential, designed to captivate meme lovers and crypto investors alike.

Users can stay updated by following $SNUKE on social media.

This article was written by FM Contributors at www.financemagnates.com.

Feed from Financemagnates.com

MoneyMaker FX EA-Handelsroboter

Weiterlesen
AppLayer Unveils Fastest EVM Network and $1.5M Network Incentive Program

AppLayer Unveils Fastest EVM Network and $1.5M Network Incentive Program

May 2, 2024 7:42 pm |

AppLayer has unveiled the fastest and most robust infrastructure for scaling Ethereum-based applications, a cutting-edge blockchain that not only delivers lightning-fast transaction speeds but also offers a new approach to Ethereum Virtual Machine (EVM) development for both DeFi and GameFi developers.

AppLayer offers an EVM network that’s 10 times faster than standard Golang based EVM networks and an even more amazing 65 times execution speed boost with C++ stateful pre-compiles. Imagine having both the speediest EVM in the game and the best tools to build on it – that’s what AppLayer brings to the table!

The Game Changer: Stateful Pre-compiled Smart Contracts

AppLayer is not only a speed powerhouse but also allows for comprehensive composability with game-changing stateful pre-compiles that are a cornerstone of this release, offering an unmatched ability to process complex smart contracts at unprecedented speeds.

But what does this mean for everyday users and developers? It’s simple: AppLayer’s network brings the power of advanced blockchain technology right to the user’s fingertips. Developers can now create their own stateful pre-compiles as smart contracts with features and syntax that are identical to Solidity, but with the added turbo-charge of C++ performance.

The real excitement stems from the intricate workings of AppLayer’s network with these Stateful Pre-compiles. Solidity smart contracts no longer function in isolation but interact with and build upon these ultra-fast pre-compiles. This enhances the sophistication, power, and efficiency of blockchain applications, marking a significant shift in the landscape of decentralization.

The best part for developers is the ease of transition to this high-performance environment. AppLayer allows developers to effortlessly convert their existing Solidity code into C++ with nearly identical syntax, unlocking the potential for more complex and scalable dApps. This feature is especially vital for blockchain projects hitting performance limitations in traditional EVM environments.

AppLayer takes it further with rdPoS (random deterministic Proof of Stake) – a unique consensus mechanism that amplifies network security while ensuring ultra-efficient transaction processing. This ingenious combination of stateful pre-compiles and rdPoS turns AppLayer into a robust platform perfect for handling high-scale and intricate applications.

As Itamar Carvalho, CTO at AppLayer, stated at ETHDenver 2024, “AppLayer is not just an upgrade; it’s a revolution. We’re empowering developers to build without boundaries, pushing the limits of what’s possible in blockchain application development.”

AppLayer stands as a testament to innovation, redefining the standards of blockchain development and opening new horizons in the gaming sector, decentralized finance, and beyond. With its combination of speed, efficiency, and developer-friendly features, AppLayer is poised to become a leading force in the blockchain space.

Expanding EVM Horizons with the Testnet Launch

The next exciting phase for AppLayer is the deployment of its testnet, complete with a front-end user portal coming in June and up to $1.5 million in incentives available now. This stage invites developers to push the boundaries of their existing Solidity code into a more robust, scalable environment. The more unique and intricate the transactions, the greater the reward, fostering a creative and efficient ecosystem.

AppLayer is now inviting developers to participate in its incentivized testnet. With a unique rewards system based on user activity and creativity, AppLayer is fostering a vibrant and innovative developer community.

“We are excited to see what developers will build on AppLayer. This is an opportunity to reshape the landscape of blockchain applications,” said Carvalho.

The AppLayer testnet not only represents a pivotal moment for blockchain innovation but also a unique opportunity for both crypto enthusiasts and developers. Whether the user is looking to explore cutting-edge projects on the fastest EVM or the user is a developer eager to build on this revolutionary platform, AppLayer’s testnet is their gateway to opportunity and rewards.

Build on the AppLayer Testnet to Unlock Grants

Developers, on the other hand, are invited to bring their creativity and technical skills to the forefront. Build on AppLayer, the fastest EVM network, and receive $APPL token grants as recognition of the user’s innovative contributions.

With up to 100,000,000 $APPL tokens available for allocation to projects, the potential for reward is substantial. Additionally, for every $APPL token a project distributes to users, an equal amount is granted back to the project, forming a cycle of innovation and reward that continues through to the mainnet launch.

The most engaging and interacted-with projects may be eligible for additional allocations, incentivizing not just development but also user engagement. This is a testnet that rewards utilization and creativity, pushing for more unique and complex smart contracts.

For more information on the Grants Program and how to participate, users can fill out an application to get started and become a part of this transformative phase in blockchain development. Users can discover, build, and earn with AppLayer – where the future of blockchain is being shaped today.

About AppLayer:

AppLayer (https://applayer.com/) (formerly SparqNet) is a C++ based Ethereum scaling solution where developers can deploy Solidity smart contracts and C++ programmed stateful pre-compiles as smart contracts. In AppLayer, Solidity smart contracts are 10 times faster than those in Golang-based competing networks, and stateful pre-compiles are 65 times faster.

This article was written by FM Contributors at www.financemagnates.com.

Feed from Financemagnates.com

MoneyMaker FX EA-Handelsroboter

Weiterlesen