By Hussein Sayed, Chief Market Strategist at FXTM Equity markets sold off aggressively on Wednesday dragging the S&P 500 lower by 2.4%, while the index is now down nearly 9% from its
Gold remains the most sought after metal for various purposes with new markets emerging around the world. With the demand for various uses, gold for jewellery and investment continues to dominate. According
By Hussein Sayed, Chief Market Strategist at FXTM Equity markets kicked off Monday on the back foot following three weeks of consecutive declines in US stocks, which marked the longest weekly losing
The Turkish Lira hit an unprecedented low against the euro during the week with ECB reporting a closing price of one euro to 8.90 Turkish Lira while trading platform xe.com recorded a
Moody’s Investors Service has downgraded the ratings on eight non-financial corporates in Turkey and maintained the negative rating outlooks, following an avalanche of rating cuts that kicked off with the downgrade of
By Han Tan, Market Analyst at FXTM Asian stocks are edging higher with the MSCI Asia Pacific index set to register its first weekly gain this month. However, the selloff in US
Bitcoin will replace gold as the ultimate financial safe haven within a generation, according to Nigel Green, the CEO of one of the world’s leading independent financial advisory and fintech organisations. His
Fourteen major banks in the world have lost a cumulative $635.3 bln in market capitalisation since last December, primarily due to the coronavirus pandemic, according to a survey by Buy Shares. Wells
By Hussein Sayed, Chief Market Strategist at FXTM After two consecutive weeks of back-to-back declines, stocks kicked off Monday with solid gains amid a surge in M&A activity and positive signs towards
Boris Johnson’s controversial plan to rewrite parts of the Brexit withdrawal agreement could trigger a “significant exodus of wealth” from the UK, warns Nigel Green, CEO of deVere Group, one of the
