Kenya's foreign exchange reserves hit a record $15.4 billion after the government's partial Safaricom divestiture, while the shilling held steady at Ksh129.40 per dollar, the Central Bank of Kenya reported.
A July 2026 ranking of Africa's ten strongest currencies by nominal exchange rate against the US dollar places the Tunisian dinar first at 0.34 USD, with the Libyan dinar and Moroccan dirham following. Nigeria's naira did not make the list.
The USD/ZAR pair retreated from the psychologically important R17 level to 16.4745 on August 3, driven by a weaker US dollar after the Federal Reserve held rates without hawkish signals, and falling oil prices as US-Iran tensions eased. The reversal follows the SARB's surprise decision to hold rates at 7.0% despite inflation hitting a two-year high of 5.0%.
MUFG projects gold will trade in a broad range around $4,000 per ounce through 2026, with the Federal Reserve's rate hold and Middle East tensions keeping prices anchored. The outlook follows a historic 2025 rally that saw gold return 61% and set over 50 all-time highs, according to the World Gold Council.
AxiomTrade claims a history dating back to 2005 but operates from Dominica with no regulatory oversight, an inaccessible website, and a WikiFX score of just 2.01. This review examines what the data reveals about its trading conditions and the risks every prospective client should evaluate.
Space Markets is a South African forex broker founded in 2023, offering MT5 trading with a low R50 minimum deposit. While FSCA-regulated, the broker carries a low WikiFX score of 4.88 and faces recurring withdrawal complaints on external review platforms , making deposit testing and regulatory verification essential before committing funds.
U.S. Treasury Secretary Scott Bessent signaled readiness for further coordinated FX intervention with Japan to curb disorderly yen movements, following the first joint action since 2011. The yen surged past 158 per dollar, supported by the Bank of Japan's hawkish rate stance and political backing from Washington.
U.S. Treasury Secretary Scott Bessent signaled readiness for further coordinated FX intervention with Japan to curb disorderly Yen depreciation, pushing USD/JPY below the 158 level following the BOJ's decision to hold rates at 1%.
This article explains the three core forex order types, market, limit, and stop, along with a practical hypothetical example. It defines bid, ask, and spread, clears up common misunderstandings, and highlights what each order guarantees (and what it doesn’t).
The Sri Lanka rupee depreciated 7.9% against the US dollar in the first half of 2026, moving from 309.99 to 336.66 per dollar, according to the Central Bank of Sri Lanka's June 2026 Market Operations Report. The CBSL was a net purchaser of $556 million overall but turned net seller in Q2 as reserves fell from a post-crisis peak of $7.3 billion to $6.5 billion.
Asian currencies traded in mixed territory as the Japanese yen pulled back slightly following a massive intervention-led rally. The Indian rupee remained flat amid geopolitical caution and easing oil prices, while markets braced for a barrage of U.S. labor data that will guide Federal Reserve policy expectations.
A 38 year old Chinese national, identified only by his surname Li, is alleged to have orchestrated a cryptocurrency investment scam that defrauded investors in China of more than US$30 million (approximately RM123 million). After reportedly fleeing to Malaysia, he later approached local authorities claiming that he had himself become the victim of robbery and assault.
eToro, a United Kingdom-based brokerage entity, is facing serious user allegations concerning the basic facility a trader expects - Fund Withdrawal. Users worldwide are complaining about the lack of a withdrawal option, account restriction, and lack of customer support in real time. Many of their complaints appeared on credible broker review platforms such as WikiFX. In this eToro review, we have examined these complaints.
A Fortex white label can look like the fastest route to a modern branded trading environment, but a fast launch is not the same as a controlled launch. This 2026 broker guide explains what the Fortex platform is, where a Fortex broker solution can sit in a wider operating stack, and how to evaluate the difference between a white label, a server licence, and a connected CRM or Client Office setup. It also unpacks Fortex cost beyond the monthly headline, including implementation, integration, support, data, governance, migration, and exit assumptions. Use the practical questions, workflow tests, comparison table, and launch checklist to assess a Fortex provider without mistaking a feature demo for evidence that your brokerage can run the service safely at scale.
RBI's concessional forex swap facility had mobilised $40.82 billion by 31 July 2026, with FCNR(B) deposits providing $36.725 billion of the total. This India-focused analysis separates confirmed inflows from the $80–85 billion SBI Research projection, compares the 2026 programme with the 2013 FCNR(B) window, and explains what the numbers can—and cannot—do for the Indian rupee. It also shows how banks, NRI depositors, importers, exporters and institutional investors may be affected, while highlighting the oil, dollar, maturity and hedging risks that still matter for USD/INR and forex trading in India.
Multiple traders across several countries report that trade245 accepts deposits smoothly but blocks withdrawals, deactivates profitable accounts, and goes silent when payouts are requested. With unverified FSCA licences and a BAPPEBTI blacklist entry, the regulatory picture raises serious questions.
FXPesa, operated by Kenya-based EGM Securities Limited, holds a valid CMA licence but carries a low WikiFX score of 4.04. This review examines the regulatory standing, an unresolved $5,000+ withdrawal complaint, and what traders should verify before depositing.
Razor Markets is a South African forex broker offering MT5 access with deposits starting from R50, but a WikiFX score of 2.03 and a complex three-entity regulatory structure raise serious questions about fund safety and accountability for prospective traders.
JP Markets is a South African broker founded in 2016 with an FSCA licence and a low R100 entry point, but a WikiFX score of 4.95 and a history of regulatory friction (including a licence suspension, an attempted liquidation, and a 2023 fine) demand close scrutiny before depositing.
Saxo Bank carries major credibility signals, but our investigation found a mixed regulation picture: revoked records in Hong Kong and France, an unverified Australian record, four regulator disclosures, and 26 recent WikiFX complaints. Traders should verify the exact legal entity before sending funds.