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Sydney Hooke
Former contributor

Sydney Hooke

47 articles

Articles by Sydney Hooke (47)

Banking Crisis and Forex - Explained in Detail

The recent banking crisis in the United States and Europe has raised concerns about the stability of the global financial market. Strong shockwaves are rippling through the financial market, with two of the largest banking failures in US history and...

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Fall of Credit Suisse and its effects on Forex in Europe

Silicon Valley Bank (SVB) and Signature Bank's failure marked a significant period of banking failure in U.S. history. Globally, many financial market investors are beginning to withdraw their investments, and Credit Suisse is at the forefront of thi...

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Closure of Signature Bank and Its Effect on Crypto Trading

Signature Bank, a New York financial institution popular among real estate and crypto businesses, abruptly shut down its operations on March 12th, 2023. According to New York regulators, this move was essential to protect the stability of the financi...

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BRICS Alliance and the Formation of a New Currency

BRICS is an association of the world's five largest developing economies: Brazil, Russia, India, China, and South Africa. These countries have a combined GDP of almost 25 trillion USD and about 41% of the world's population. Since its establishment i...

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BRICS Alliance and Its Influence on the USD

In June 2022, Russian President Vladimir Putin announced the mini-lateral member states' plan for a new reserve currency at the BRICS Economic Conference. This currency is expected to compete with the International Monetary Fund's Special Drawing Rig...

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CMC Markets Forecasts March 2023 Financial Market Statistics

On 28th February 2023, CMC Markets released a newsletter predicting some financial market statistics for March 2023. These predictions are based on trends in the financial markets in the last couple of months. The broker included a disclaimer that th...

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Rise in Crypto Trading and Bitcoin Price After SVB and Silvergate Decline

The collapse of Silicon Valley Bank (SVB) and Silvergate Bank dominated last week's news headlines, sending the cryptocurrency market into the weekend on a wild ride. The fate of investors was quite uncertain at the beginning of the week, with severa...

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EasyMarkets Announces Unique Cash Indices

Popular financial service provider, EasyMarkets, has announced the launch of its unique cash indices. The broker's recent move is part of its plan to improve its clientele's trading experience by increasing its trading instrument options. Details of...

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Fall Of SVB And Silvergate Banks And The Impact On Forex Trading

On February 9th, 2023, Silvergate Capital, a key player in the crypto economy, declared it was ceasing operations. Similarly, state regulatory officials closed down Silicon Valley Bank (SVB), a venture capital bank, on February 10th, 2023. The client...

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Plus500 Launches $70M Buyback Program

Popular online trading company, Plus500 is set to launch another buyback program. This has been described as part of the broker's plan to distribute funds to its active investors. This buyback program is reportedly acquiring shares worth $70 million....

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