BMB Fraud Broker
Yet another case of binary options fraud has been reported. One of the binary options brokers that we previously worked with, Benedict and Morris binary option (BMB), has been framed as a scam broker. We have been getting complaints from our readers about this broker via email. Our readers have been reporting that the broker is behaving in a way consistent with the pattern of behavior displayed by scam brokers. Most of the emails basically highlight the fact that BMB is not letting them withdraw their funds. The broker is allegedly using tactics that proven scam brokers use in order to steal their customers’ funds. The sheer volume of complaints has forced us to place BMB – Benedict Morris – on our scam broker list, until it proves that it is not engaging in scams. read more…
Fires Subside As Oil Sands Take Smaller Than Expected Hit
Benchmark crude prices for Canadian oil sand crude are down again after fires near the oil sands somewhat subside and start heading away from the oil fields. Meanwhile, the extent of the damage to Fort McMurray and oil field output is yet to be properly accounted for. This is due to the fact that besides the fire hazard, many of the oil field workers were also evacuated, which will have an impact on oil production recovery.
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Flames Propel Oil As Canada Pays The Price
The incredible human tragedy from the raging northern Alberta fires, have been felt in the oil markets over the past week. As soon as emergency crews started working on the evacuation of at least 88,000 people from Ft. McMurray and the outlook for the wild fire worsened, the WTI responded with a spike f more than 1%. This number can increase even more if the fire reaches the oil sands, where it is headed as per the latest reports. read more…
Australia Cuts Interest Rate To Historic Low
With deflation looming, the Reserve Bank of Australia has cut its interest rate from 2% to 1.75%. This is the first time in a year that Australia cuts its interest rates, and it comes as the Reserve Bank aims to bring inflation to between 2% and 3%. This move will bring the value of the Australian Dollar down, despite a slight recovery in the export of raw materials – particularly iron ore. The recovery of key raw materials should have led to a higher valuation of the AUD, but the rate cut will put downward pressure on the Australian Dollar, especially if the market expects further rate cuts this year. read more…
Binary Options Bonus – Scam or Legit
Many traders complain about the binary options bonuses saying they are scams or not what they purport to be. It’s very important for traders to understand how the bonus works and and if and when bonus offers should actually be accepted. In a previous article I analyzed the potential benefits of the Binary Options No Deposit Bonus. In this article I will delve into the most common bonus which is the Binary Options Deposit Bonus. read more…
Financial Markets – Preview for Week Starting 24th April 2016
Major Events of Last Week
A number of major geopolitical developments dominated the financial markets last week. For instance, the Yen came under substantial pressure last Friday amid growing conjecture that the Bank of Japan (BoJ) may introduce negative interest rates when it convenes at its next monetary policy meeting later this month. Oil prices continued to surge for the third consecutive week by recording their highest values to date during 2016. The Greek debt crisis again hit the headlines after Athens failed to reach an agreement with its Eurozone partners that would activate the release of badly needed loans and instigate a new bout of debt negotiations. The premier US indices produced mixed reactions last Friday exemplified by the Dow Jones Industrial Average climbing 22 points; the S&P500 falling by 1 point and the NASDAQ dropping by 46 points. read more…
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