Dubai, UAE – Forex Expo Dubai is gearing up to host over 15,000 attendees from more than 50+ countries, solidifying its position as the largest event of its kind this year. Scheduled to take place once again in Dubai on 7th-8th October, this underscores Dubai's enduring role as a global hub driving growth and innovation in the fintech and online trading landscape.

Building on the unprecedented success of last year's event, which witnessed record-breaking attendance and transformative discussions, Forex Expo Dubai 2024 promises an even more immersive and impactful experience. Attendees can anticipate a robust lineup of seminars, workshops, and panel discussions covering a diverse array of topics, including forex trading strategies, market analysis, risk management, and emerging trends in fintech and financial markets.

Key Highlights of Forex Expo Dubai 2024:

• World's Largest Event: Not just MENA's largest, but this year's exhibition is poised to be the world's largest gathering in fintech and online trading.

• Surpassing Previous Records: Registration and sponsorship numbers for Forex Expo Dubai have already surpassed last year's figures, with numbers steadily climbing ahead of October.

• Dedicated B2B Zones: The specially designed B2B zones offer a conducive environment for in-depth professional interactions and high-level business matchmaking.

• Side Events: Multiple side events including private parties, investor workshops, and IB seminars complement the main expo, providing additional opportunities for learning and networking.

• Mobile App: To facilitate effective networking and communication, Forex Expo Dubai has launched a new mobile app featuring AI matchmaking, enabling participants to interact and schedule meetings in real-time.

Last year's event featured insightful presentations from renowned speakers and industry leaders, fostering invaluable knowledge sharing and networking opportunities. Building on this success, Forex Expo Dubai 2024 aims to deliver an expanded program with more interactive sessions, expert insights, and hands-on workshops to empower attendees with the tools and knowledge needed to excel in today's dynamic trading and fintech landscape.

"We are thrilled to announce the return of Forex Expo Dubai for its 2024 edition," said Michael Xuan, Event Organizer of Forex Expo Dubai. "With a focus on innovation, education, and networking, Forex Expo Dubai 2024 promises to be the must-attend event for anyone involved in the forex, trading, and fintech industry in the Middle East."

Registration for Forex Expo Dubai 2024 is now open. Don't miss this opportunity to join thousands of traders, investors, and industry professionals from around the world at the premier forex and fintech event in the Middle East.

For more information and updates on Forex Expo Dubai, please visit theforexexpo.com

About Forex Expo Dubai: Forex Expo Dubai is the leading event in the Forex industry, serving as the largest networking hub for global fintech and online trading professionals. It offers a prime opportunity for participants to expand their knowledge, forge partnerships, discover new business opportunities, and engage with thought leaders and influencers from around the globe.

Contact: 

Anjali Kumari 

Media/Marketing Manager 

[email protected]

Euro rose in European trade on Monday against a basket of major rivals, while moving in a positive zone for the first time in three days against the US dollar away from recent six-week lows. 

Investors still expect the common currency to head south amid ongoing uncertainty about French elections and the latest success of the far-right all over Europe. 

The Price

The EUR/USD rose 0.2% to $1.0715, with a session-low at $1.0680.

The pair lost 0.1% on Friday, trading near six-week lows at $1.0668 after grim European services and manufacturing data. 

Euro lost 0.1% last  week against the dollar, the third weekly loss in a row amid geopolitical tensions in Europe. 

French Politics 

Markets are focused on upcoming French elections in particular, as the far right is poised to overcome French President Emanuel Macron’s centrist party in the parliament. 

A far right or a far left prime minister in France could worsen the government debt situation, which has already reached worrisome levels. 

The German-French 10-year government bond yield gap surged recently as investors abandon French bonds amid concerns about increasing debts and the political situation. 

Euro Outlook 

City Index analysts believe the euro will be dragged lower in the short term due to political concerns about the success of the far right in France and Europe overall.

They know expect the EUR/USD pair to slip below $1.07 once more. 

Yen declined in Asian trade on Monday on track for the eighth straight loss against the US dollar, plumbing two-month lows after the Bank of Japan’s decision to delay a plan to reduce bonds purchases to the July meeting.

The yen is once again approaching the 160 yen per dollar barrier, considered a red line by the Bank of Japan, which might prompt another intervention to support the currency. 

The losses are stymied by bullish remarks by several policymakers calling for a rate hike to control inflation. 

The Price

The USD/JPY pair rose 0.1% today to 159.93, the highest since April 29, with a session-low at 159.58. 

The yen lost 0.55% on Friday against the dollar, the seventh loss in a row, marking the longest such streak of losses since March.

The yen also lost 1.5% last week overall against the dollar, the heftiest weekly loss since early May.

At the June meeting, the Bank of Japan maintained its current plan of buying 6 trillion yen a month of Japanese government bonds. 

The markets were hoping for an announcement of reduction to that pace of monthly purchases. 

The 160 Red Line

The 160 has become a red line for the Bank of Japan, after spending $60 billion in the forex market in late April to prop up the currency around that level. 

Bullish Stance

A collection of opinions and remarks by BOJ policymakers following the latest June meeting showed that several of them directly called for further interest rate hikes to control inflation. 

Japanese Authorities 

Several analysts believe that Japan will directly intervene in the forex market to prop up the local currency, even with the threat of the US adding Japan to the forex watch list. 

Gold prices fell on Friday as the dollar gained ground against most major rivals, with the precious metal marking weekly losses. 

Earlier data showed the US Combined PMI at 54.6 in June, up from 54.5 in May.

The services PMI rose to 55.1 this month from 54.8 in May, marking a 26-month peak. 

The manufacturing PMI also rose to 51.7 in June from 51.3, marking the third best reading in a year. 

The markets now heavily expect the Federal Reserve to cut interest rates a single time this year. 

The Fedwatch tool shows there’s a 59.5% chance the Fed will cut interest rates in September. 

Otherwise, the dollar index rose 0.2% as of 21:12 GMT to 105.8, with a session-high at 105.9, and a low at 105.5. 

On trading, gold spot prices fell 1.4%, or $33.7 as of 21:13 GMT to $2335 an ounce, while marking a 0.75% loss this week.