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Indonesia Forex Reserves At $141.4 Billion At End-Feb - Central Bank Indonesia foreign exchange reserves rose slightly in February to $141.4 billion at the end of the month, compared to $141.3 billion a month earlier, Bank Indonesia said in a statement on Tuesday. The central bank said the increase was attributed to Indonesian government withdrawal of foreign borrowing as well as tax revenue.

Forex Today: Dollar and Gold rallying amid continued search for safety Risk aversion   was again the main market motor amid the Russian invasion of Ukraine. The attacks have continued throughout the weekend, with multiple civil casualties and no safe corridors opened. The third round of talks ended with   “small advances, ” according to Kyiv representatives, although nothing that could ease the pressure on financial markets. The American Dollar and Gold made the most out of the dismal mood, appreciating sharply. The EUR/USD pair fell to a fresh multi-month low of 1.0805 and trades nearby at the end of the day. GBP/USD also collapsed, currently changing hands a handful of pips above a multi-month low of 1.3101. Spot  gold surged to $2,002.64,  its highest since August 2020 but settled at around $1,986 a troy ounce. WTI traded as high as $130.50 a barrel, pulling back to the $120 price zone where it currently stands. The CAD and the AUD started the day advancing agains...

Forex Today: Dollar Rally Loses Steam On Ceasefire Hopes The dollar continued to gather strength against its rivals and the US Dollar Index (DXY) reached its highest level since June 2020 in the American trading hours on Wednesday. Reports of Russian negotiators looking to discuss a ceasefire with Ukraine, however, triggered a relief rally and forced the greenback to lose interest. Delegations are expected to meet on Thursday and the market mood remains cautiously optimistic. Later in the day, January PPI from the euro area, the European Central Bank's Monetary Policy Meeting Accounts, the weekly Initial Jobless Claims and ISM Services PMI from the US will be featured in the economic docket. FOMC Chairman Jerome Powell will testify before the Senate Banking Committee. On the first day of his semi-annual testimony, Powell confirmed that a 25 basis points rate hike in March would be appropriate. Powell voiced his concerns over the inflation outlook and n...

From the moment we open the PrimeFirmTrade website, we are given reasons to be suspicious. First we get an odd pop-up message warning us that deposits should only be made to the company’s bitcoin wallet, not to account managers. This would be strange even if we hadn’t come across other scam websites using the exact same message, for example UltimatePristineFxTrade. The website then spews out constant pop-up messages with people’s names and amounts they have invested or withdrawn. These are of course fictitious individuals and fictitious amounts – public dissemination of such information would be in violation of any data privacy law. The boasts that this unknown company operates in 134 countries and serves over 2 million customers are also an obvious lie. It is also telling that the PrimeFirmTradeclaims to offer cryptocurrency mining alongside forex trading – the two activities have nothing in common and no legitimate broker is involved in crypto mining. So PrimeFirmTrade is obviously o...

Revolut Expands Its Operations In Australia Revolut, the 33 billion USD London based financial technology company, has acquired an Australian Credit License by the Australian Securities and Exchange Commission (ASIC) and soon will be offering credit and personal lending products to Australian customers in addition to a stock trading service, which is about to be launched in the coming weeks as well. In a separate development Revolut has also applied to become an authorized deposit- taking institution (ADI) in Australia, which basically will grant the company a banking status. The new securities trading service will allow Revolut customers in Australia to buy and sell company stocks listed on the New York Stock Exchange and NASDAQ, including fractional stocks – a service which is already available to clients in the United States. “We’re really excited to be offering Stock Trading to our Australian customers, and simplifying the trading experience for both new and experienced investors,”...

  Robbo Forex Review: Should You Trust Robboforex.com? Robbo Forex Review Highlights 💰 Leverage N/A ⚖️ Regulation Unregulated 🗺️ Headquarters UK/U.S. 💳 Minimum Deposit BTC 0.014200 🛍️ Review Rating 1/5 🛍️ Broker Type Forex 🖥️ Platforms N/A In this article, we’re going to review Robbo Forex – a scam website that wants you to believe that it is a forex and crypto broker that will help you earn some decent money on the side. However, any trading information has been left out, and the website itself is ugly and uninformative. Nevertheless, we have more serious concerns regarding Robbo Forex – for starters, they have already been blacklisted by a reputable European financial regulator. You may find the rest of the details about this shady broker in the below review. Robbo Forex shows signs of firm cloning We should make clear straight away that Robbo Forex isn’t related to the legit Cypriot broker RoboMarkets (formerly RoboForex). The people running the website are proba...

Coinbase Shares Fell As Much As 5% After Super Bowl Ad Causes App To Crash Coinbase shares, the largest publicly listed crypto exchange in the U.S., fell as much as 5% immediately after a Super Bowl ad caused the app to briefly crash over the weekend. The ad, which was aired during the title game of the National Football League – the biggest TV event in the U.S., – featured the letter ‘C’ and a colorful QR code, which if scanned redirected customers to a link that offered 15 USD in Bitcoin to all who signed up for a Coinbase account before 15th of February. In addition Coinbase offered 1 million USD each to three existing users. The Coinbase website registered more than 20 000 000 hits in about a minute and “engagement that was six times higher than previous benchmarks”, Surojit Chatterjee, chief product officer at Coinbase, said on Twitter. The surge in traffic marked an all time high for the website. “(Coinbase) just saw more traffic than we’ve ever encountered, but our teams pulled ...