FxGrow to Attend iFX Expo Cyprus 2022 0 (0)

iFX Expo is sounding better by the second as FxGrow
confirms its presence in this year’s edition.

June 7th to June 9th in Limassol, Cyprus, top level executives and leading
trading firms will get to meet, network, grow their businesses, and engage in
thought-out, meaningful content.

to expect at iFX Expo 2022?

Expo is the place to be as experts from various industries gather for the ultimate
global fintech collaboration.

Technology and Service Providers to Banks and Liquidity Providers. From Digital
Assets and Blockchain, Retail and Institutional Brokers, everyone that is
anyone will be there.

Expo’s long history of bringing together business in Europe, Asia, and the
Middle East, makes it the leading conference and flagship show which thousands
of top-level executives and other leading industry pioneers trust in.

unparalleled networking opportunities, incredibly insightful speaker sessions,
and great hospitality, it comes as no surprise that the event is one of the
highlights of the year.

as for FxGrow…

one of the leading global trading platforms and top forex brokerage, will
certainly receive a very warm welcome following its outstanding year and well-deserved
nominations Ultimate Fintech Awards.

Award Nominations include: Broker of the Year, Best Global Broker, Most
Reliable Broker, and Best White Label Solution.

your support and vote for FxGrow

starts on May 25th, and it is as easy as it gets. Simply register at


(registration is free for all Brokers and Non-Brokers) and choose FxGrow for
the following categories:





your vote and you’re ready to go!


ranks amongst the top global forex brokers
and has been consistently recognized as a one of the most reliable forex

comes as no surprise that both top forex traders to just about anyone who
wishes to get forex trading exposure chooses puts their trust in FxGrow.

company keeps paving the way for forex traders from the Middle East, Africa,
Europe, and all over the World by empowering its users with top-of-the-line

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Reminder: US president Biden to meet with Fed chair Powell later today 5 (1)

In his three-part plan outlined yesterday, Biden said that he won’t meddle with the Fed:“First, the Federal Reserve has a primary responsibility to control inflation. My predecessor demeaned the Fed, and past presidents have sought to influence its decisions inappropriately during periods of elevated inflation. I won’t do this. I have appointed highly qualified people from both parties to lead that institution. I agree with their assessment that fighting inflation is our top economic challenge right now.“As such, it will be interesting to see what they will be discussing today. I mean, there is very little to be said if Biden is going to let the Fed do its job and he has no intentions to interfere. I guess he may seek for more clarification from Powell on the Fed’s plans but that could arguably be done over the phone.I’m inclined to believe that the meeting today has some element of being just for the optics. Let’s not forget, the US midterm elections is now roughly just five months away. Tick tock, tick tock.

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ECB’s de Cos: What we can do is to gradually remove stimulus 5 (1)

ECB mandate is to stick with 2% inflation target in the medium-termWhat we can do is to gradually remove stimulusActions will be enough to accommodate to the mandateThere doesn’t seem to be much change to the narrative at least for now. The euro is keeping lower on the day though, down 0.7% against the dollar to 1.0700 currently. The 200-hour moving average at 1.0676 will be a key near-term level to eye for additional support as the dollar holds firmer on the day.

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Money markets increase bets on ECB rate hikes after inflation data 5 (1)

Money markets now expect a 115 bps worth of tightening by the ECB by year-end, with 40% odds of a 50 bps rate hike in July. That is seen up from the 110 bps priced in at the end of last week.
However, with headline inflation crossing 8%, it isn’t just so much a story of energy prices surging already. The jump in price pressures is evident across all areas:

The question now is, can the ECB still stick to the script and only hike rates after ending asset purchases in July?If this is their queue to act, then why not next week then? I mean considering all the communication as of late, the imminent rate hike feels like semantics at this point. There’s going to be a lot of built-up pressure in the background surely as to the discussions for why they should wait until July before acting.As such, just be wary that we might get some murmurs about how those discussions are going and that could set up a more nervous backdrop to next week’s meeting. It may not yet be a ‚live‘ one based on what policymakers have told us, but let’s see what the ECB message after today will be to make sure.

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