30 results
- 20 Apr 2021
Cryptocurrency: UK Mulls 'Britcoin' Digital Currency
The UK government is exploring the possibility of creating a new digital currency that could be known as 'Britcoin'. The Bank of England and the Treasury said on Monday, April 19, that they will work…
- 15 Jul 2016
FXTM Analysis: Firm China GDP Lifts Risk Sentiment
Stock markets received a welcome boost during trading on Thursday following the Bank of England’s decision not to change interest rates which eased the ongoing Brexit fears, consequently lifting risk…
- 4 Nov 2021
Nigerian Banks to Reject £20, £50 Banknotes from January 1
Banks in Nigeria said they will stop accepting the old-style of £20 and £50 Banknotes from January 2022. This followed the decision of the Bank of England (BOE) to phase out its £20 and £50 paper…
- 7 Nov 2019
US-China mini trade deal hits setback
By Hussein Sayed, Chief Market Strategist at FXTM · US-China trade deal could be delayed until December · Bank of England to keep rates unchanged · Sterling traders focused on MPC votes A lot of…
- 15 Oct 2017
NITRA: Okere Advocates for Improved FinTech Innovations
As “money is going digital” around the world, with central banks from England to China publicly floating the notion of issuing their own national digital currencies, it has become imperative for…
- 25 Jul 2019
Nigeria Rate Cut on the Horizon as Global Monetary Easing Cycle Gains Momentum
By Lukman Otunuga, Senior Research Analyst at FXTM Unfavorable macroeconomic conditions across the globe have prompted major central banks to embark on a monetary easing cycle to counter a global…
- 14 Jul 2016
FXTM Analysis: BoE Holds Rates as Sterling Spikes Higher
The Bank of England shocked the global markets during trading on Thursday following the unexpected decision to keeping interest rates unchanged despite the mounting post-Brexit pressures. Concerns…
- 11 Mar 2020
Global easing builds momentum but will CBN jump aboard?
By Lukman Otunuga, Senior Research Analyst at FXTM, A growing sense of unease and trepidation over how badly the coronavirus outbreak will hit the global economy has left financial markets on…
- 9 Aug 2016
Week Ahead: U.S. consumers, China’s Data, and RBNZ
Friday’s incredibly impressive U.S. jobs report sent the U.S. dollar and equities higher, with S&P 500 and Nasdaq ending the week at new record highs. The 255,000 jobs added in July and 292,000…
- 14 Sept 2020
Risk Assets Push Higher on Vaccine Hopes; Eyes on the Fed
By Hussein Sayed, Chief Market Strategist at FXTM, After two consecutive weeks of back-to-back declines, global stocks kicked off Monday with solid gains amid a surge in M&A activity and positive…
- 31 Jan 2017
Week Ahead: Central Banks & Data Back In Focus
FXTM Chief Market Strategist Hussein Sayed comments on the expected rate rise by the Fed in the week ahead: Although Donald Trump policies will remain to be the key moving indicators for financial…
- 4 Mar 2020
WHO Says Banknotes can Spread Coronavirus
World Health Organisation (WHO) has warned that banknotes could aid the transmission of coronavirus, the now infamous infectious disease. WHO has therefore counselled people to rather go cashless…
- 12 Apr 2016
FXTM: Sterling Bulls Pursue CPI Lifeline
The Sterling/Dollar unexpectedly surged during trading on Monday and this has nothing to do with an improved sentiment towards the Pound, but ongoing Dollar weakness from diminishing US rate…
- 5 Nov 2013
Government Shutdown Still Hurts US Market-ForeTime
Data in the US got off to a weak start last week, with the Retail Sales figures for September disappointing expectations of a 0.2% rise, having fallen by 0.1%. The poor figure was somewhat vindicated…
- 3 Aug 2016
Oil Retreat Punishes Global Stocks
Global stocks were left vulnerable to losses during trading on Tuesday following the hefty decline in oil prices which weighed heavily on global sentiment consequently souring investor risk appetite.…
- 13 Mar 2020
Market Chaos Intensifies as Coronavirus Spreads Economic Gloom
By Lukman Otunuga, Senior Research Analyst at FXTM, Things just got even worse for financial markets as rising panic surrounding the coronavirus pandemic pummeled equities across the globe. Asian…
- 3 Jan 2019
FG May Hike Pump Price, Devalue Naira, Others This Year
FSDH Research, trusted providers of market intelligence has said that certain key events, both at the global level and in Nigeria, will influence economic and business activities in 2019. FSDH…
- 11 Dec 2017
Bitcoin Future Trading Kicks Off, Investors Awaiting Central Banks Decisions
Hussein Sayed, chief market strategist at FXTM, comments on bitcoin trading entering a new phase today and how investors are awaiting central banks decisions. Trading bitcoins entered a new…
- 18 Jun 2015
eTranzact Demos New Mobile Banking Architecture
eTranzact International PLC, which has partnerships with over 50 commercial banks and 350 microfinance institutions across Africa, said it believed that the future of banking in Nigeria is mobile.…
- 17 Mar 2026
Deepening Conflict, Oil Price Volatility, Inflation Scare
By Matthew Anthony, Senior Market Analyst- Africa Tensions in the Middle East are sending shockwaves through global markets, stoking fresh inflation concerns as oil prices climb. As these tensions…
- 12 Jul 2017
FXTM: Investors on the Sidelines Ahead of Janet Yellens Testimony
FXTM Chief Market Strategist Hussein Sayed comments on possible outcomes on Janet Yellen’s Congress testimony tomorrow and the Canadian dollar. With the absence of any top tier news and the markets…
- 23 Jun 2017
Kaspersky Says Banks Face Online Identity Crisis
One in four banks globally find it difficult to verify the identity of online banking customers. This is according to Kaspersky Lab's Financial Institutions Security Risks survey, which found 24% of…
- 16 May 2017
FXTM Analysis: Financial Markets Seeking Inspiration
FXTM Research Analyst Lukman Otunuga comments on the current moods of Sterling, WTI and Gold. An eerie calm shrouded the financial markets last week, with global stocks floating near record highs as…
- 16 May 2018
Sogunle, Stanbic IBTC Bank Boss in Trouble over FME’s N1Bn
House of Representatives, the lower house has quizzed Demola Sogunle, managing director of the Stanbic IBTC bank, as to why operated an Hyprep account of over N1 billion belonging to the Federal…
- 4 Jan 2017
Forex: Overview on the 2017 Key Market Themes
Hussein Sayed, chief market strategist at FXTM provides an overview on the 2017 key market themes. Whether you consider 2016 a good or a bad year, it was by no doubt the year of surprises. Not just…
- 1 Jun 2018
Visa Users Experiencing Transactions Disruption
Payment systems giant Visa said it was experiencing problems processing transactions in Europe on Friday and was trying to fix the issue. The blockage has left some customers stuck at the tills in…
- 16 Mar 2020
Nigeria Week Ahead – Is Naira Devaluation on the Cards?
By Lukman Otunuga, Senior Research Analyst at FXTM, A darker mood awaits emerging markets as concerns mount over how badly the coronavirus outbreak will hit global growth. Central banks across the…
- 10 Nov 2014
New Rules to Ban Bailout for 'Too Big to Fail' Banks
New global rules to prevent banks that are "too big to fail" from being bailed out by taxpayers have been proposed, according to BBC. The rules, created by the Financial Stability Board (FSB), a…
- 16 Aug 2016
UK Inflation Reaches Highest Level Since Nov 2014
Market headlines are continuing to focus on the UK economy after data earlier today showed that inflation accelerated in July with CPI rising to an annualised 0.6%. This week represents the first…
- 18 Mar 2019
Cooling Inflation Opens Doors to Rate Cut in the Distant Future
By Lukman Otunuga, Research Analyst at FXTM, In an encouraging development, Nigeria’s inflation eased to 11.31% in February, down from the 11.37% recording in January, despite increased government…