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War of Words US and North Korea Tensions
Markets are rattled by US- North Korea tensions as Trump vows to respond to North Korea nuclear threats with “fire and furry”. The senior administration officials and Secretary of State Rex Tillerson tried to find different ways to explain the President’s comments and play down the tough talk. Trump reinforced his threats stating “they shou...
South Africa Jacob Zuma Update
South Africa Update 8th August 2017, the day president of South Africa, Jacob Zuma survived a no-confidence vote in parliament, which made sure that he will maintain power of one of the biggest economies in the African continent. It is worth noting that it was the eighth vote of no-confidence that Zuma has survived since being in charge. About Jac...
US Indices at Record Highs
US Indices at Record Highs US Indices have hit record highs in 2017 and are continuing to rally since the Trump presidency began back in January. The recent rally in the US Indices is mainly due to big number of companies reporting stronger performance results than the experts were predicting and a weaker dollar. Now let’s look at how the main US...
The Bank of England Rate Decision
The Bank of England on the 3rd August, will announce whether they will increase, decrease or maintain the key interest for the United Kingdom. In this article we will look ahead with some industry experts and see how the UK economy performed last quarter. Who decides the rates? Interest rates are set by the Bank of England’s Monetary Policy Comm...
How Brexit will effect the finance industry
An update on Brexit: How it will effect the finance industry With Brexit talks in full swing, financial services companies based in the United Kingdom are starting to plan for the life after the United Kingdom leaves the European Union in 2019. With a deal far from being agreed upon and the likelihood that a deal may not be agreed within two-year t...
Trading The HK50 Index
You might have heard about Hong Kong in the news, recently they celebrated twenty years of “return to the motherland”. Before we discuss the HK50 index, it’s let’s briefly review the historical and political situation. You might be asking yourself, is Hong Kong a separate country or part of China? [caption id="attachment_57013" align="align...
Qatar Turmoil Continues
On 23rd June 2017, Saudi Arabia and its allies issued a list of demands giving Qatar 10 days to respond to their ultimatum. It has now been just over a month since seven countries announced that they will be cutting all diplomatic ties with the Gulf nation 5th July saw the leaders of the four countries seeking to isolate the tiny Gulf nation met in...
G20 Summit and what to expect from the market.
Friday 7th July 2017 saw the official start of the two-day G20 summit in Hamburg, Germany, were delegates from 19 countries come together to discuss matters ranging from free trade to Global warming. We have compiled this quick guide to what you can expect from the markets after this year’s summit. What is G20? The G20 started in 1999 as a...
July update on Brexit
An Update on Brexit The dust has finally settled after the UK Snap elections and now the United Kingdom can turn their heads to discussions with the European Union about how and on what terms they will leave the Union. The Brexit negotiations officially began on 19th June in Brussels, the opening day mainly consisted of the timing and structure of ...
US Dollar Index Futures with Mega Fx Market
US Dollar Index Futures with Mega Fx Market For stock traders, trading indices is a cost-effective way to gain exposure to many different companies in one single transaction. Similarly, the US Dollar Index acts as a benchmark to currency traders. The index measures the value of the US Dollar relative to a basket of foreign currencies. In other words, t...
UK Election 2017 – The Results Are In
UK Election 2017 – The Results Are In The people of Britain have spoken, the results from the UK Election are in and Britain is more divided than ever. When Theresa May called the Snap General election back in April, it was predicted that The Conservative Party will win the election by a large margin but it all began to change when all parties st...
Qatar Diplomatic Crisis
Qatar Diplomatic Crisis 5th June 2017 a diplomatic crisis hit Qatar with seven countries. Saudi Arabia, Bahrain, United Arab Emirates, Egypt Yemen, Libya and the Maldives announced they are cutting all diplomatic ties with Qatar which came as a shock to the rest of the World. Reason? – Saudi Arabia made an announcement via Saudi Press Agency, ...
UK Election – Getting closer
UK Election – Getting closer In just under one weeks the people of Britain will go the polls to cast their vote in the UK elections. When Theresa May called the Snap Election the polls suggested a landslide victory for the Conservative party but since then a lot has happened – the manifestos have been published, polls are suggesting that the l...
Nifty 50
Nifty 50 Mega Fx Market are proud to introduce Nifty 50 (India 50 on GO MT4). The Nifty index is listed on the National Stock Exchange (NSE) in India and acts as a benchmark for the Indian equity markets. It is a capitalization weighted index which covers 13 sectors of the Indian economy in one portfolio. India is the fastest growing economy of...
A “Labour-Like” Budget by the Liberals
A "Labour-Like" Budget by the liberals Treasurer Scott Morrison has delivered his second budget on the 9th of May 2017. It is claimed to be politically correct with focus on key issues such as major banks, multinationals, affordable housing and foreign workers together with a “big spending” economic plan. This budget has left little room for cr...
