Forex – Internet Wealth Zone http://internetwealthzone.com/ Tue, 17 May 2022 18:09:15 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://internetwealthzone.com/wp-content/uploads/2021/07/icon-2021-07-02T225716.250.png Forex – Internet Wealth Zone http://internetwealthzone.com/ 32 32 What are the top 10 brokers with Forex welcome bonuses? https://internetwealthzone.com/what-are-the-top-10-brokers-with-forex-welcome-bonuses/ Tue, 17 May 2022 16:30:56 +0000 https://internetwealthzone.com/what-are-the-top-10-brokers-with-forex-welcome-bonuses/ As soon as the digital technology develops, the number of people interested in the globally accepted currency increases day by day. There are thousands of new investors encouraging each other to trade foreign currencies. The main reason for its popularity is the large global market with the least transaction costs and several other advantages. To […]]]>

As soon as the digital technology develops, the number of people interested in the globally accepted currency increases day by day. There are thousands of new investors encouraging each other to trade foreign currencies. The main reason for its popularity is the large global market with the least transaction costs and several other advantages. To access the market, as with all other trading and investment options, it is best to go through a broker. “There are many brokers available with different features, and to sign up with the best broker for your needs, it is necessary that you have a good knowledge of them”, said to the Union of traders.

According to the Traders Union, there are the 10 best Forex brokers with bonuses:

forex robot

To get a bonus from RoboForex, you must first create and verify an account with a minimum deposit of $10.

Roboforex has CySec and IFSC regulations. There is a unique offer for those who wish to trade with RoboForex:

1-Special discount with no minimum deposit

2- Increased leverage up to 1:300

3-Reduced spread-From 0 pips.

6 Major Benefits You Will Get By Trading With Roboforex Forex Broker

  • Tight spreads from 0 pips
  • Fastest order fulfillment
  • 4 account currencies
  • (EUR, USD, CNY, GOLD)
  • Micro accounts with the
  • minimum lot size of 0.01
  • 8 asset classes
  • Affiliate program up to 70% profit sharing

Forex

Instaforex allows no deposit bonus. Worth $1000. To get it

  • You need to open a new account using an online promotional form and verify it completely
  • You cannot withdraw bonus, Instaforex only allows you to withdraw profits after trading X * 3 InstaForex lots where X- is the profit volume.
  • The customer must accept in certain cases that the company can ask him to replenish his account with real funds

OANDA

Summary of OANDA

OANDA is an acronym for Olsen & Associates. This US-based forex trading company offers a wide range of financial services to different countries around the world. It is regulated in four jurisdictions and is authorized by IIROC. Founded 24 years ago, OANDA is primarily regulated by the UK Financial Conduct Authority.

Some of the rewards of OANDA brokers are as follows:

The company has several major awards to its credit, including a win in the category

“BestForex Trading Technologies” from the UK Forex Awards,

FX Week’s “Best Trading Platform”,

“U.S. Foreign Exchange Report named OANDA as Best Customer Service Provider”

Tradesmen’s Union experts have analyzed OANDA Broker for hidden charges. If you withdraw money from a debit card, there are no fees. Withdrawing funds to a credit card once a month is also free. If you do it more than once by credit card, they charge a commission of $15 for each withdrawal.

FBS

It has no deposit bonus. To get it, you need to open a new MT5 account and apply for it. You can withdraw it after trading 5 lots for 30 days.

Withdrawal: You can withdraw it after trading 5 lots for 30 days.

XM

XM offers a welcome bonus, worth 100% up to $5,000. If you want to get a bonus from XM, you need to open an account and add a minimum deposit amount of $5. For every $10 win, you must trade at least 1 lot. XM allows Islamic accounts to customers of Muslim faith.

You can simply open an Islamic account by following these simple steps:

-Open a trading account

– Validate the account

-Request an Islamic account via the member area

Avatrade

Avatrade allows a welcome bonus. To get a bonus from Avatrade you need to open an account, deposit $1000 and get 20% on the deposit. 20% on first deposit from $1,000

tick mill

Tickmill allows a no deposit bonus. To take advantage of the Tickmill bonus-

Create your account with Tickmill

Once the account registration request is approved, the welcome bonus amount of $30 is automatically added.

The main limitations of Tickmill are– It does not allow EA trading and bonus validity is only 90 days

You can withdraw a minimum of $30 and a maximum of $100 profit by transferring to a live MT4 trading account.

FXOpen

FxOpen allows a $10 no deposit bonus. To get this bonus, you must first register an FXOpen wallet, verify your phone number and register an STP account. You cannot withdraw the bonus. One can start making profits by trading a minimum of 2 lots.

Weltrade

It allows you a 100% deposit bonus on every deposit from $200. You must deposit a minimum of 200 USD after opening and verifying your well-traded account to get a bonus.

Global Forex

World forex offers a 100% deposit bonus on every deposit. To qualify for the World Forex bonus, you must make a deposit of $100. Hare, you get 100% bonus plus free VPS.

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FOREX-Dollar starts the week on solid footing with a firm safe haven offer https://internetwealthzone.com/forex-dollar-starts-the-week-on-solid-footing-with-a-firm-safe-haven-offer/ Mon, 16 May 2022 01:12:22 +0000 https://internetwealthzone.com/forex-dollar-starts-the-week-on-solid-footing-with-a-firm-safe-haven-offer/ Band Alun John HONG KONG, May 16 (Reuters) – The dollar started the week just off a 20-year high against its peers on Monday, as investors sought safety amid fears over global growth while cryptocurrency markets appeared to find some stability after the lows. turbulence of the past week. The dollar index =USD was at […]]]>

Band Alun John

HONG KONG, May 16 (Reuters)The dollar started the week just off a 20-year high against its peers on Monday, as investors sought safety amid fears over global growth while cryptocurrency markets appeared to find some stability after the lows. turbulence of the past week.

The dollar index =USD was at 104.54, after briefly crossing the 105 level on Friday, its highest since December 2002, after six successive weeks of gains.

Investors flocked to the safe-haven currency amid worries about the US Federal Reserve’s ability to dampen inflation without triggering a recession, as well as worries about slowing growth resulting from the Ukraine crisis and the economic effects of China’s zero COVID-19 policy.

“The general strength of the dollar is supported by growing concern over global growth,” Barclays analysts said.

They said events to watch this week included U.S. retail and production data due Tuesday, as well as public remarks from several Fed officials.

“Emphasis will be on any potential reiteration/pushback on the idea that 75 basis point rate hikes are not on the cards at this time.”

Markets are pricing in 50 basis point hikes at the next two Fed meetings, according to CME’s Fedwatch tool, but with the possibility of bigger increases.

Chinese retail and production data due later Monday is also high on the agenda.

“A weaker growth outlook in China should keep pressure on G10 commodity currencies and support the USD,” Barclays said.

The euro started the week languishing near its lowest level since early 2017, suffering from dollar strength and the European economy’s exposure to the Ukraine conflict.

The single currency EUR=EBS was at $1.0398 on Monday morning, just above the $1.0354 level hit on Thursday, its lowest since early 2017.

There are also plenty of speeches from senior European Central Bank officials this week for investors.

Sterling GBP=D3which suffered with the euro, was at $1.2256 on Monday, after falling to $1.2156 last week, hurt by weaker than expected GDP figures in the first quarter.

In the coming week, Britain will have data on the labor market, inflation and consumer confidence.

The Japanese yen JPY= was a bit softer on Monday morning at 129.43 yen per dollar. Last week it had its first week of gains since early March as fears for growth meant that US Treasury yields halted their advance.

With yields locked in Japan, the yen is vulnerable to rising US yields.

Crypto markets, which trade around the clock, had a quiet weekend after last week’s turbulence caused by TerraUSD, a so-called stablecoin, which broke its peg to the dollar.

Bitcoin BTC=BTSP was trading around $31,000 after falling to $21,400 on Thursday, its lowest since December 2020.

World exchange rateshttps://tmsnrt.rs/2RBWI5E

(Reporting by Alun John; Editing by Sam Holmes)

((alun.john@thomsonreuters.com;))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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BDC Operators Demand New FX Window Amid Weaker Naira https://internetwealthzone.com/bdc-operators-demand-new-fx-window-amid-weaker-naira/ Fri, 13 May 2022 23:26:22 +0000 https://internetwealthzone.com/bdc-operators-demand-new-fx-window-amid-weaker-naira/ The Association of Bureau de Change Operators of Nigeria has requested the Central Bank of Nigeria to establish an autonomous trading window for BDC currencies with a fixed maximum daily limit. This, according to the association, will allow eligible BDCs to access dollars from banks, the autonomous market and the diaspora forex widow at prevailing […]]]>

The Association of Bureau de Change Operators of Nigeria has requested the Central Bank of Nigeria to establish an autonomous trading window for BDC currencies with a fixed maximum daily limit.

This, according to the association, will allow eligible BDCs to access dollars from banks, the autonomous market and the diaspora forex widow at prevailing market prices.

Traders have also called for an improvement to existing BDC automation portals to file transaction reports on the CBN/ABCON/Nigerian Financial Intelligent Unit/Nigeria Inter-Bank Settlement System Plc portals for effective regulatory monitoring and supervision.

The body also called for the creation of an automation portal to encourage the registration of undocumented and unlicensed operators for effective monitoring, identification and tracking of their transactions.

ABCON believes that the proposal will save the naira from further decline and improve the stability of the exchange rate.

This was in a statement released by BDC operators. The body spoke as the country continues to face a shortage of foreign currency in the economy.

In the statement, the body claimed that the naira was trading at 596/dollar in the parallel market and 415.83 to the dollar in the official market, creating a rate differential of 180.17 naira per dollar.

ABCON’s National Executive Council said the “measure to save the naira” had been accepted by the body after its meeting in Lagos, where it unveiled strategies to “save the local currency, close the gaps in interest rates exchange rate and reduce volatility in the foreign exchange market”. ‘

ABCON Chairman Alhaji Aminu Gwadabe said there was an urgent need to improve dollar liquidity in the market and ensure price stability in the economy.

These measures, he said, would save the local currency and economy from the impact of election spending that has kept inflation in double digits for a very long time.

The ABCON boss claimed that the depreciation of the naira against global currencies was due to the pressure of growing demand for dollars without sufficient liquidity to meet the demands of retail end users, manufacturers and other key players in the industry. the economy.

He said: “The naira has constantly come under serious pressure due to the scarcity of the dollar, making it difficult for forex end users, manufacturers and key industry players to access the dollar needed to meet to their needs.

“ABCON, under my leadership, will continue to encourage our members to play the vital role of bridging the exchange rate gaps in the market and reducing the widening of the premium between the parallel market and the official window.”

Gwadabe listed several factors that continue to undermine the stability of the naira and the value of the local currency against other currencies.

Following the decision of the Central Bank of Nigeria to halt the sale of foreign exchange to the BDCs, ABCON continued to make repeated calls for the restoration of the sale of foreign exchange.

The CBN, however, argued that it could not resume foreign exchange sales to BDCs anytime soon.

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All rights reserved. This material and any other digital content on this website may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without the prior express written permission of PUNCH.

Contact: [email protected]

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Two companies obtain an online forex trading license https://internetwealthzone.com/two-companies-obtain-an-online-forex-trading-license/ Wed, 11 May 2022 21:00:56 +0000 https://internetwealthzone.com/two-companies-obtain-an-online-forex-trading-license/ Market News Two companies obtain an online forex trading license Thursday, May 12, 2022 Wyckliffe Shamiah, CEO of the Capital Markets Authority (CMA). FILE PHOTO | NMG By Edna MwendaMore from this author Summary Two foreign exchange service providers Tadenex Limited and Tradesense Limited have been licensed by the Capital Markets Authority. Tradesense, as a […]]]>

Market News

Two companies obtain an online forex trading license


Wyckliffe Shamiah, CEO of the Capital Markets Authority (CMA). FILE PHOTO | NMG

Summary

  • Two foreign exchange service providers Tadenex Limited and Tradesense Limited have been licensed by the Capital Markets Authority.
  • Tradesense, as a fund manager, is authorized to select and manage the investments of its online forex trading clients and to develop appropriate investment strategies.
  • As a non-dealing online forex broker, Tadenex will act as a link between the online forex market and its clients in exchange for a commission or increased spreads.

Two foreign exchange service providers, Tadenex Limited and Tradesense Limited, have been licensed by the Capital Markets Authority (CMA), bringing the number of licensed online forex trading brokers to seven and two fund managers.

Tadenex Limited has been licensed to operate as a non-dealing online foreign exchange broker, while Tradesense Limited will operate as a fund manager under CMA regulations.

“The Authority has noted strong interest from Kenyans to participate in online forex trading and is delighted to grow the pool of online forex trading brokers and non-trading fund managers,” said Wyckliffe Shamiah, Managing Director of CMA.

Tradesense, as a fund manager, is authorized to select and manage the investments of its online forex trading clients and to develop appropriate investment strategies.

He will also perform financial analysis and monitor currency portfolio investments on behalf of his clients.

As a non-dealing online forex broker, Tadenex will act as a link between the online forex market and its clients in exchange for a commission or increased spreads.

The firm will not engage in activities such as buying and selling foreign currencies or offering advice or trading on behalf of its clients, but will provide access to a trading platform, enabling them to negotiate.

Kenyans are increasingly gaining knowledge about overseas opportunities through foreign investments such as buying and selling currencies.

The CMA seeks to weed out a large number of bogus websites and licensing these companies has given investors the ability to access offshore markets safely, increasing the participation of local traders and brokers.

Young investors

Online currency trading platforms provide access to global markets and allow customers to learn about currencies and financial markets.

Although online forex offers high returns, it also comes with major downside risks, making it suitable for sophisticated and wealthy clients.

Forex trading has gained traction with young people who are digitally savvy and looking for opportunities beyond traditional asset classes such as bonds, stocks and real estate.

[email protected]

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As Stagflation Threat Rises, Most Forex Traders See Euro-Dollar Peer In Survey https://internetwealthzone.com/as-stagflation-threat-rises-most-forex-traders-see-euro-dollar-peer-in-survey/ Tue, 10 May 2022 01:32:19 +0000 https://internetwealthzone.com/as-stagflation-threat-rises-most-forex-traders-see-euro-dollar-peer-in-survey/ Forex traders are set to pummel the euro again because the war in Ukraine and the supply chain crisis heighten the risk of stagflation – driving the single currency to parity with the dollar, which is for the first time in almost 2 decades. Still, it’s a close call. Some 48% of respondents, which include […]]]>

Forex traders are set to pummel the euro again because the war in Ukraine and the supply chain crisis heighten the risk of stagflation – driving the single currency to parity with the dollar, which is for the first time in almost 2 decades.

Still, it’s a close call. Some 48% of respondents, which include economists and portfolio managers, forecast further losses at US$0.95 – a significantly more bearish outlook than Wall Street investment banks.

In the opinion of 60% of respondents to the latest MLIV Pulse survey, the euro will eventually end up at the level of the greenback, with a small majority of more than 400 participants betting that it will then rise to US$1.15. It was trading at around US$1.05 on Friday May 6, near its lowest level since the start of 2017.

Worries from MLIV readers underscore the European Central Bank’s political headache as it seeks to ease creeping price pressures without killing the business cycle, with 40% of respondents fearing a recession in the region more than the inflation and the same proportion worrying about stagflation.

As the dispute between the European Union and Russia rages over gas payments, there is a lack of consensus among survey respondents as to which side should suffer the most. While 51% said the Kremlin would ultimately fare worse, 49% cited Europe as the main loser.

With the common currency bloc’s proximity to the Russia-Ukraine conflict and its reliance on cross-border trade, Europe is at the epicenter of global concerns about rising prices and slowing economic growth. The eurozone grew just 0.2% in the first quarter, as Italy contracted, France stagnated and expansion in Spain slowed. Factory production and new orders fell and business confidence evaporated.

When asked what would be the best trade to position for a possible recession this year, the most popular response was shorting the euro, followed by exposure to energy, either through equities or raw materials. Bund longs and cash came next, followed by gold and the dollar.

“If Ukraine gets worse, I guess Europe goes into recession,” Jamie Dimon, CEO of JPMorgan Chase & Co, told Bloomberg TV on May 4. “It may take a few quarters, but I guess.”

Economists tracked by Bloomberg cut their eurozone growth forecast for 2022 to 2.8% from 4.2% at the start of the year. Still, the risk of a recession is rising after Russia cut off the flow of gas to Poland and Bulgaria. Businesses and consumers in Europe face pressure as prices rise, while China extends lockdowns that cloud global growth prospects. There is huge uncertainty about the region’s outlook, such as the outcome of the war, Societe Generale CEO Frédéric Oudéa told Bloomberg TV on May 6. “Our central scenario, our economist’s central scenario, is more of a soft scenario. GDP landing than a recession,” Oudéa said.

The median FX forecast from professional forecasters is for the euro to recover to US$1.12 by the end of the year, with no banks surveyed by Bloomberg currently predicting the parity. ABN Amro Bank briefly pleaded the case in March, but revised its appeal up a few weeks later. Nomura Holdings previously warned that a victory for far-right candidate Marine Loe Pen in the French elections could drive the currency to parity. Citigroup strategists recently recommended 3-month Euro-Dollar put options, while options markets imply about a 35% chance of this happening within the next 6 months.

Euro weakness is partly down to dollar strength, but now that Federal Reserve Chairman Jerome Powell has downplayed the prospect of a 75 basis point hike, the US currency may be starting to look overbought . Meanwhile, movements in currency hedging costs may soon make it more attractive for Japanese investors to hold Bunds rather than Treasuries, supporting the single currency. So while the dollar’s interest rate premium threatens to widen, the exchange rate hinges on expectations. And there remains a bullish case for the euro to rebound this year: US monetary policy tightening will ultimately prove insufficient to further boost the dollar – just as the ECB will potentially start raising rates as early as July. All of this can support the single currency, while leveraged funds also reduce bearish bets.

If this bullish roadmap materializes, it would justify the 20% of respondents who see the Euro first reaching parity rather than the US$1.10 level – then bouncing back to US$1.15 instead of falling any further.

Summary of news:

  • As Stagflation Threat Rises, Most Forex Traders See Euro-Dollar Peer In Survey
  • Check out all the news and articles from the latest business news updates.
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Economic crisis in Sri Lanka: usable foreign exchange reserves are now less than 50 million dollars https://internetwealthzone.com/economic-crisis-in-sri-lanka-usable-foreign-exchange-reserves-are-now-less-than-50-million-dollars/ Thu, 05 May 2022 04:04:00 +0000 https://internetwealthzone.com/economic-crisis-in-sri-lanka-usable-foreign-exchange-reserves-are-now-less-than-50-million-dollars/ Sri Lanka’s Finance Minister Ali Sabry waved a metaphorical red flag in parliament on Wednesday as the struggling nation’s usable foreign exchange reserves fell below $50 million, heightening concern over its ability to provide food, fuel and other essentials to citizens, and to pay off massive foreign debts. . Sabry – who […]]]>

Sri Lanka’s Finance Minister Ali Sabry waved a metaphorical red flag in parliament on Wednesday as the struggling nation’s usable foreign exchange reserves fell below $50 million, heightening concern over its ability to provide food, fuel and other essentials to citizens, and to pay off massive foreign debts. .

Sabry – who resigned on April 4, a day after being appointed, to return – warned “we have spent two and a half times too much”. “In 2021, total income was 1.5 trillion (Sri Lankan) rupees…expenditure was 3.522 billion rupees…we were living (above) our means…” he said, warning legislators that help from the World Bank or the IMF would not solve deep-rooted problems. problems.



“The IMF is not Aladdin’s magic lamp,” he said.

Sri Lanka is on the verge of bankruptcy and has suspended payments on foreign loans, which total more than $50 billion, including $8.6 billion due this year.

Foreign exchange reserves were estimated at $2.31 billion in February. By March, it had fallen to $1.93 billion.

Global reserves have fallen 70% in two years, Reuters reported.

Last week, the World Bank announced it would provide $600 million in aid to help Sri Lanka meet payment requirements for essential imports.


Crisis in Sri Lanka will last at least two more years, says government

Sri Lanka will have to endure its unprecedented economic hardship for at least two more years, the country’s finance minister has said while warning of an impending cash crunch.

“People should know the truth. I don’t know if people realize the seriousness of the situation,” Finance Minister Ali Sabry said.

“We won’t be able to resolve this crisis in two years, but the actions we take today will determine how long this issue drags on.”

Public anger sparked sustained protests demanding the resignation of the government.


“Looking to replace an unrealistic budget, extend World Bank aid”

Sri Lanka plans to replace its current “unrealistic” budget and is in talks with the World Bank to extend its support from $300 million to $700 million, the country’s finance minister has said.

The island nation, hard hit by Covid-19 and strapped for revenue after steep tax cuts by President Gotabaya Rajapaksa’s government, is desperately short of foreign currency and has requested an emergency bailout from the International Monetary Fund.

Rampant inflation and shortages of imported food, fuel and medicine led to weeks of protests that sometimes turned violent.

(Only the title and image of this report may have been edited by Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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Gold continues to sell off as China manufacturing data worsens https://internetwealthzone.com/gold-continues-to-sell-off-as-china-manufacturing-data-worsens/ Tue, 03 May 2022 03:59:30 +0000 https://internetwealthzone.com/gold-continues-to-sell-off-as-china-manufacturing-data-worsens/ Until confidence returns that prices from China will rise, gold could start trading in a range. fears of deflation caused by lockdowns in China helped gold to continue lower. Over the past few weeks, shutdowns in Shanghai and potentially Beijing have led to poor manufacturing data as inflation remains subdued. The NBS manufacturing PMI for […]]]>

Until confidence returns that prices from China will rise, gold could start trading in a range.

fears of deflation caused by lockdowns in China helped gold to continue lower. Over the past few weeks, shutdowns in Shanghai and potentially Beijing have led to poor manufacturing data as inflation remains subdued. The NBS manufacturing PMI for April was 47.4 vs. 48 expected at 49.5 last. Non-manufacturing printing was even worse at 41.9 vs. 48 expected at 48.4 in March. Both drawdowns are well below the 50 level, which is considered contraction territory. China’s March inflation rate was just 1.5% year-on-year.

Gold (XAU/USD) has fallen aggressively since taking off on April 18and as fears spread that the shutdowns in Shanghai could be extended to Beijing. Gold hit a high of 1998.35 just 2 weeks ago and so far has traded down to today’s low of 1854.68. Today’s price also broke through the 50% retracement level from the August 9 lowsand2021 at the heights of March 8and. A supporting confluence lies just below. This level consists of the following elements:

  • The 200-day moving average
  • The descending trendline from a longer-term symmetric triangle
  • The 61.8% Fibonacci retracement level from the aforementioned period

This support zone passes between 1828.62 and 1834.91.

Source: Tradingview, Pierre X

However, note that the RSI over the 240-minute timeframe diverges with price, an indication that gold may be ready for a rebound. First resistance is at today’s high near 1914.68. Above there is horizontal resistance from April 21st at 1937.93 then a descending trendline dating from March 8and close to 1974.50.

Source: Tradingview, Pierre X

Gold has been falling since March 8and; however, selling has recently strengthened on fears of deflation due to lockdowns in China. The PMI data does not give much hope for prices to rise anytime soon. Is Gold Ready to Rebound? The shorter term RSI appears to be oversold; therefore a short-term rebound is possible. However, until confidence returns that prices from China will rise, gold may start trading in a range.

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Foreign students in Savannah help raise funds for Ukraine https://internetwealthzone.com/foreign-students-in-savannah-help-raise-funds-for-ukraine/ Sun, 01 May 2022 13:07:00 +0000 https://internetwealthzone.com/foreign-students-in-savannah-help-raise-funds-for-ukraine/ SAVANNAH, Ga. (WTOC) – A student from Savannah has a strong connection to the conflict in Ukraine and works to help raise funds for those affected by the war. Ava Piotrowska is a Polish foreign student. Back in her country of origin, her family became involved in raising awareness among refugees. Piotrowska says Ukrainian refugees […]]]>

SAVANNAH, Ga. (WTOC) – A student from Savannah has a strong connection to the conflict in Ukraine and works to help raise funds for those affected by the war.

Ava Piotrowska is a Polish foreign student. Back in her country of origin, her family became involved in raising awareness among refugees.

Piotrowska says Ukrainian refugees live in her room and much of her clothes at home were donated to them.

“My parents are hosting a woman with a one-and-a-half-year-old child. She will stay there until mid-May. I don’t know, I just decided it was something I wanted to do, to help Ukrainians,” Piotrowska said.

Piotrowska says she decided she wanted to help even though she is on a continent.

She and other exchange students held a bake sale Saturday in Daffin Park to raise money for Ukraine. The group raised over $500.

Piotrowska says she and another Polish exchange student also organized a “no uniform” day at the Savannah Arts Academy. Students could dress up in exchange for a donation. The effort, she says, raised nearly $4,000.

“When challenges arise, and this is one of the biggest challenges of an exchange year, they always rise to the occasion. They are always innovative, imaginative and creative,” said Connie Polk, area coordinator for Greenheart Exchange.

Greenheart Exchange is a non-profit organization that offers cultural exchange programs in the United States for people around the world.

Piotrowska says she will return home next month.

Copyright 2022 COMC. All rights reserved.

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Can gold stabilize after the recent drop? https://internetwealthzone.com/can-gold-stabilize-after-the-recent-drop/ Fri, 29 Apr 2022 13:41:58 +0000 https://internetwealthzone.com/can-gold-stabilize-after-the-recent-drop/ Markets had another wild ride this week, but indices are on track to end it pretty much where it started. There’s been a lot to digest this week, especially from the companies themselves, with big tech focusing on profits. We continue to see decent reports, albeit with a few minor hiccups along the way. Amazon […]]]>

Markets had another wild ride this week, but indices are on track to end it pretty much where it started.

There’s been a lot to digest this week, especially from the companies themselves, with big tech focusing on profits. We continue to see decent reports, albeit with a few minor hiccups along the way.

Amazon was the latest to catch Wall Street off guard, reporting its first loss since 2015 amid a host of challenges facing the company. There were the usual report highlights like cloud and advertising companies – although the latter fell a little short of expectations – but like many others the company is struggling to adapt to post-pandemic life after expanding massively over the past two years.

It feels like investors only had one eye on the Fed meeting next week, which may explain why we haven’t seen a big lasting move anyway. The dollar pared its gains today, but it has been flying this week and it’s hard to see a strong case for that to reverse significantly. I can’t imagine the Fed is going to tone down its hawkish rhetoric next week.

The EU’s response to Russia cutting off gas supplies to Poland and Bulgaria has not been as unified as we have seen in recent months. There has been a desperate scramble to determine which companies can comply with sanctions while keeping the gas flowing, which the Kremlin will be happy to witness.

Rising energy prices are a major driver of inflation in the Eurozone and this is unlikely to change any time soon. Inflation hit a new high of 7.5% in April, while the core measure hit 3.5%, beating expectations. This will increase the pressure on the ECB to tighten this year, even though it appears to be peaking. The market expects multiple rate hikes this year, which the central bank has pushed back against. The appointment at the beginning of June is now huge. No room for ambiguity on the part of Christine Lagarde this time.

Oil climbs as EU nears Russian oil embargo

It looks like the EU is getting closer to an oil embargo which some say is overdue given Russia’s aggression in Ukraine. Naturally, the devil will be in the details, but the moves we’re seeing in crude prices suggest that the fine print won’t live up to the headlines. A gradual approach while remaining positive will not suffice. But this is the impasse the EU has left itself in after years of allowing itself to become so dependent on Russia.

In the end, the oil market remains in consolidation and the range is tightening which could make for a few interesting weeks. A break out of this choppy range could be quite explosive and despite the impact of Chinese lockdowns, the risks remain tilted to the upside. Especially if the EU manages to respect an immediate embargo.

Can Gold Stabilize After the Recent Plunge?

It’s been a terrible two weeks for gold since it nearly breached $2,000 for the first time in over a month. The dollar’s rally has been relentless and has been a real drag on the yellow metal. Which begs the question, is anything going to stop the dollar in the near term? And if not, what does this mean for gold.

Gold will continue to be a safe haven and a hedge against inflation, so I don’t see the recent rate of decline continuing, even if the dollar remains strong. That said, there really isn’t a bullish case for the yellow metal if the dollar continues to climb. Can it stabilize around these levels? It is doing a good job at the moment, although strongly helped by a small correction in the dollar.

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DXY hits 5-year highs above 103.00 as Yen and Euro crater https://internetwealthzone.com/dxy-hits-5-year-highs-above-103-00-as-yen-and-euro-crater/ Wed, 27 Apr 2022 20:08:41 +0000 https://internetwealthzone.com/dxy-hits-5-year-highs-above-103-00-as-yen-and-euro-crater/ What you need to know on Thursday, April 28: A sharp reversal in recent yen strength on Wednesday, which had no clear trigger, saw the US dollar reclaim the top spot in the G10 daily performance chart and saw the weighted US dollar index exchanges (DXY) again hit more than five-year highs. The DXY rallied […]]]>

What you need to know on Thursday, April 28:

A sharp reversal in recent yen strength on Wednesday, which had no clear trigger, saw the US dollar reclaim the top spot in the G10 daily performance chart and saw the weighted US dollar index exchanges (DXY) again hit more than five-year highs. The DXY rallied north of the 103.00 mark for the first time since January 2017, hitting near 103.30 before falling back lower to stabilize around the big figure as US trade drew to a close. .

The buck bulls were unimpressed with data that showed the US trade deficit in goods and services hit a new record high of over $125 billion in March and led some analysts to revise their estimate down of first-quarter GDP growth, a day ahead of the Bureau of Economic Analysis and Department. of Commerce releases first estimate of first-quarter growth. Instead, analysts cited forecasts that the Fed would implement the first in a series of 50 basis point rate hikes and quantitative tightening next week, negative geopolitical news feeds and lingering concerns about China’s foreclosure as benefiting the safe-haven dollar.

On yen weakness, traders appear to have seized the opportunity presented by the recent decline in many major G10/JPY pairs to reload long positions, seemingly betting that recent risky flows will not save the day. yen of new losses so long. as the BoJ redoubles its accommodative policy efforts. Speaking of which, the BoJ will announce its latest monetary policy decision along with new economic forecasts in the upcoming Asia-Pacific session, with any dovish mood having the potential to exacerbate the yen’s latest decline. For reference, USD/JPY rallied over 100 pips or 0.9% on Wednesday to 128.30 from lows below 127.00.

As for the other major underperforming G10 currencies, the euro and Swiss franc were the second worst performers, each depreciating 0.8% and 0.7% on the day against the US dollar. EUR/USD then continued its recent losing streak to fall mid-1.0500 and bears are eyeing a test of the 2017 lows at 1.0330. Analysts cited the latest escalation in EU/Russia tensions after Gazprom cut off gas flows to Poland and Bulgaria (which refused to pay for gas in roubles) as adding geopolitical risk premiums to the currency unique.

As the EU continues to ponder a new round of energy sanctions that could target both oil and gas exports, fears of stagflation fueled by scarcity in energy prices in the area euro remain high. According to some analysts, the unfavorable macroeconomic/geopolitical context explains why the EUR/USD has failed in recent weeks to take advantage of the ECB’s hawkish turn towards Q3 takeoff.

Elsewhere, a stabilization in risk appetite which saw major US equity markets close slightly in the green and the stabilization of commodity markets (apart from precious metals, which continue to be affected) , helped cushion the decline in more risk-sensitive G10 currencies. AUD/USD and USD/CAD both closed the US session at around 0.7120 and 1.2820 respectively, with the Aussie getting notable support from strong domestic inflation readings boosted bets that the RBA could raise rates as early as next week.

Meanwhile, NZD/USD fell another 0.3% below 0.6550 but remained above yearly lows at 0.6530 and GBP/USD fell another 0.2% below 1.2550, although support at 1.2500 has held (for now). The pound’s better performance on Wednesday probably also owes a lot to the fact that over the past four sessions it has suffered a historic blow as a recent string of data releases on the UK economy and government borrowing Uni sparked renewed concerns about the country’s economic outlook and the BoE’s tightening prospects. Wednesday’s dire CBI Distributive Trades survey for April seemed to ensure the beleaguered currency was not benefiting from a likely overdue technical rebound.

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