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Ten Most Crucial Events of the Decade: The Release of Special Forex Industry Analytics

KUALA LUMPUR, MALASIA – Media OutReach – 25 August 2021 – The international Forex broker OctaFX turns ten years old. This past decade culminates in 6.6 million Forex trading accounts opened, 200,000 Trade &Win gifts delivered, over 102,000 followers on social media, 44 Forex industry awards received, providing services in more than 100 countries, and 500 million trades executed on the platform since inception—to just name a few company achievements to date.

 

To pay homage to this special anniversary, the fintech company recalls the ten most prevalent Forex occurrences of the past decade for all the history enthusiasts out there.

 

Trend-defining events rarely occur as isolated affairs, touching upon Forex alone—they naturally encompass and impact the vast financial world as a whole.

 

The following list shows an engaging view of the last decade from OctaFX’s very own perspective. 

 

The ‘Flash Crash of 2010’

Around a year before OctaFX’s inception, an event took place which came to be known as the ‘Flash crash of 2010’. On 6 May, in a matter of mere moments, the stock market suffered a steep downfall leading to a loss that ranged around 1 trillion USD, before recovering again in the days that followed. The stock market’s fall and swift recovery, in turn, tremendously impacted Forex market confidence in the world reserve currency.

 

2012’s initial public offering of Facebook

No initial public offering (IPO) of any company has captured the industry’s attention and the public’s imagination quite as much as Facebook’s IPO has in 2012. On 18 May of that year, the social network’s IPO shares were valued at 38 USD, boosting a volume exceeding 16 billion USD and making it the heftiest tech IPO in history up to that point. As of July 2021, a Facebook share hovers at a value of 341 USD.

 

BREXIT 2016 (including the 2016 flash crash of the GBPUSD pair)

Now common knowledge, but when in June 2016, the results of the Brexit vote first came in, it caused utter panic in the European Union, the Western world, and in Great Britain itself. Most observers assumed that the British people would decide to remain in the European Union. The British pound sterling moved in an upswing trend right before the results of the vote were announced, but the currency pair GBPUSD ended up closing down 8% on that day.

 

Oil prices collapse in 2016

Crude oil prices traded between 75 USD and 115 USD per barrel for most of the first half of the 2010s. This extensive era of high prices led to a booming shale oil production and an outright revolution of U.S. fracking technology. The U.S. almost doubled its oil production in 2014 (compared to 2008), prompting a severe supply flood. West Texas Intermediate (WTI) prices in crude oil fell almost as low as 26 USD per barrel in 2016. This turned into a persistent trend, as oil stocks continued to have a rough time in the second half of the last decade. 

 

The Trump phenomenon

Donald J. Trump won the 2016 U.S. election against Democrat candidate and former U.S. secretary of state, Hillary R. Clinton. This in itself was a great shock for the worldwide political landscape and engraved itself on the financial sector as well. Among the Trump administration’s most impactful moves would have to be legislation that in 2017 has led to 1.5 trillion USD in tax cuts which stimulated domestic corporate profits by over 16% a year later.

 

The Twitter presidency, or how everybody learned to love Trump tweets

OctaFX felt that president Donald Trump’s sometimes erratic Twitter account deserved a separate mention. The former president often decided to publish his take on the most pressing issues like the Iran nuclear deal, relations with North Korea, Syria, and the Middle East as a whole⁠—usually, catching most by surprise. Doing politics via the American microblogging network added to Trump’s unpredictable political persona, influencing the sentiments of the financial markets considerably.


Plummeting USDJPY and AUDUSD pairs in 2019 (flash crash)

In January of that year, an official statement by Apple is believed to have brought about the flash crash. The tech giant emphasised a struggling Chinese economy that consequently drew traders to sell out of more volatile currencies, among them, the Australian dollar. Many jumped on the Japanese yen, as well, which often happens when confidence in the Chinese economy fluctuates, and with it, its most significant trading partner, the Australian government.

Whoever had the right analytical outlook and strategic assessment in the professional trading community could bank on the consequences of this ‘flash crash’.

 

Joe Biden’s ascendency to the U.S. presidency

Amidst the biggest virus pandemic, Donald Trump as the sitting president, eager for reelection, lost to his Democratic challenger. After much controversy and political drama, which saw fervent uncertainty in society and the markets, Joe Biden won the election with a new record of becoming the first presidential candidate to gather more than 80 million votes.

 

Crypto’s March 2020 ‘Black Swan Event’

As the mother of all cryptocurrencies, Bitcoin falls to almost 3,500 USD per coin, losing around 80% of its value from its previous all-time high of close to 20,000 USD (December 2017). Ethereum likewise dips to 86 USD after having reached an all-time high of almost 1,500 USD, taking down with it the entirety of the altcoin market. Only a few could have suspected that the beginning of the most extensive bull run in crypto history yet was just a few more months off. Experts unanimously consider the coronavirus crisis to be the leading cause of this crash.

 

The Coronavirus crisis, 2020–present day

Last but surely not least, and probably most important of them all—the worldwide pandemic that changed and keeps changing the world. Much has been written about how the COVID-19 pandemic and the political and economic measures that followed have impacted legacy finances, especially the fluctuating confidence in the U.S. dollar as the world reserve currency.

 

OctaFX hopes you liked its picks. By no means does it represent a complete list of trends, so if the fintech company missed any significant events or trends, it sure will include them in a future publication.

#OctaFX

Water Security in the Mekong and ASEAN Key to Safe and Sustainable Future

ASEAN-MRC Water Security Dialogue
Mr. Alounkeo Kittikhoun speaks at the ASEAN-MRC Water Security Dialogue.

The inaugural ASEAN-MRC Water Security Dialogue held last week has tabled three thematic solutions related to policy, technology, and partnership that can help countries in the Mekong and broader ASEAN address existential water security challenges that confront the region.

Covid-19 Sweeps Through Savannakhet as Laos Records 952 Cases

Covid-19 Update Laos

Savannakhet Province has recorded huge numbers of Covid-19 cases today as the Delta variant causes large outbreaks of community spread.

Laos Declines Invitation to Miss Universe 2021 Pageant

Laos will not send representative to Miss Universe 2021
Laos will not send a representative to Miss Universe 2021.

Laos has announced it will not send a representative to participate in the 70th Miss Universe pageant in 2021, which will be held in Israel in December.

PhD Education Releases New Edition For Secondary 2 Maths Exam Bundle

SINGAPORE – Media OutReach – 25 August 2021 – PhD Education announces a new edition to its Secondary 2 Mathematics Exam Package, alongside its collection of comprehensive exam packages for the student population. This exam bundle encompasses mathematical problems from the latest syllabus in varying difficulty levels, with real-world contexts to maximise learning.

The package will have two main sections, “Mathematical Concepts and Skills” and “Problems in Real-World Contexts”. The first section will include an extensive range of questions in numerous difficulty levels, allowing students to attain a high level of proficiency in the subject. The following section lets students apply the skills and mathematical concepts gained from the prior section to real-world problems, such as recipes, sports and games, and transport schedules. This will equip students with the ability to solve everyday mathematical problems.

In time, the mathematics curriculum will slowly evolve to include additional topics, like the applications of maths to problems rooted in real-world contexts, to boost students’ learning abilities and skills. However, repetition, drilling, and consistent practice will still hold great importance in learning maths as it is a subject that requires one to master foundational skills to a certain extent to progress. With that in mind, PhD Education hopes to contribute to a student’s learning journey with its updated and complete exam package.

A test paper specialist for primary and secondary students, PhD Education was formed in 2010 with a team of qualified editors and writers. Contents found in PhD Education’s exam packages are consistent with the latest MOE SEAB Syllabuses in regards to O Level English practice exercises or PSLE Maths questions. Meticulous care is also put into graphics creation, content organisation, and layout. Before the exam packages are released, editors who are existing school teachers will conduct due editing and vetting. At PhD Education, the quantity and quality of the contents hold great value, which is why they have released a newer edition of the Secondary 2 Maths Exam Package to develop student learning.

 

#PhDEducation

Netccentric Delivers Strong H1 FY2021 With Revenue Climbing 60%

KUALA LUMPUR, MALAYSIA – Media OutReach – 25 August 2021 – 

 

HIGHLIGHTS:

  • Strong revenue growth in the half year (“H1”) ended 30 June 2021, with revenue +60% year-on-year (YoY) to S$5.23 million (A$5.16 million), driven by growth across the Group’s business units
  • H1 FY2021 EBITDA more than doubled YoY to S$0.19 million (A$0.19 million), excluding extraordinary expenses relating to the issue of options, M&A activities and forex movements
  • Netccentric’s 100% owned subsidiary, Nuffnang Malaysia, delivered a strong contribution to the H1 FY2021 results of S$2.51 million (A$2.48 million) with Q2 FY2021 revenue of S$1.34 million (A$1.32 million), representing YoY growth of 65% and quarter-on-quarter growth of 14%
  • Nuffnang Malaysia pipeline continues to grow, with orders in H1 FY2021 up 88% to S$3.00 million (A$2.96 million) compared to H1 FY2020. This complements and empowers the Group’s expansion into social commerce
  • Netccentric retains a strong position to drive continued growth both organically and via M&A with a healthy debt-free balance sheet, S$5.43 million (A$5.36 million) in cash and a proven strategy to deliver end-to-end growth solutions

Social commerce platform provider Netccentric Ltd (ASX: NCL, “Netccentric” or “the Group”) is pleased to provide the Group’s financial results and update for the half-year ended 30 June 2021 (H1 FY2021).

Financial Highlights

Netccentric achieved revenue of S$5.23 million in H1 FY2021, up 60% compared to H1 FY2020 and driven by strong growth across the Group’s business units which built momentum into Q2 FY2021. H1 FY2021 revenue for Influencer Platform (Nuffnang) climbed 49% YoY to S$2.96 million, Social Media Agency (Sashimi) jumped 52% YoY to S$1.21 million and Performance Marketing Agency (Plata & Punta) leapt 126% YoY to S$0.86 million.

 

Gross profit rose 34% YoY to S$2.23 million. The Group delivered H1 FY2021 EBITDA of S$0.19 million (H1 FY2020: S$0.09 million), soaring 108% YoY, excluding impact of extraordinary expenses relating to the issue of options, M&A activities and forex movements.

 

Netccentric entered H2 FY2021 with S$5.43 million in cash and no debt, providing strength and flexibility to fund the Group’s growth objectives.

 

The Group’s financial results reflect continuous financial strengthening as the business gains scale and management executes Netccentric’s growth strategy.

 

For the detailed announcement, including ‘Strategic and Operations Highlights’, visit https://www2.asx.com.au/markets/company/ncl .

 

Netccentric closed trade at A$0.15 yesterday (24 August).

More than 100,000 SKUs of Electrical Components Goes Digital on ElectGo.com: A B2B E-Commerce Platform

SINGAPORE – Media OutReach – 25 August 2021 – ElectGo.com is a B2B e-commerce industrial marketplace that focuses on Electrical, Control, Lighting, and Safety Products. It caters to products to meet the demands and shift of buying behaviour in recent years. 

 

With the increasing number of third-party manufacturers in the market claiming that they sell only genuine products, customers are more doubtful about using these products that will cause damage to their expensive assets and equipment in the long run.

 

This has brought ElectGo.com to collaborate with trusted brands such as 3M, ABB, Brady, Omron, Onset, Panduit, Schneider Electric, Werma, Weidmuller, and other major brands to ensure authenticity and genuinity of all the products offered on the platform, authorised distributor letters and certifications provided upon request.

 

ElectGo.com continues its expansion by working with other leading international industrial partners in the region.

 

Today, ElectGo.com has grown over 100,000 SKUs of electrical components, ranging from data loggers, tower lights, programmable logic controllers, power supply, electrical tapes, variable speed drives, personal safety equipment and more. Furthermore, with the recent increase in the adoption of Electric Vehicles, ElectGo.com has recently listed a series of electrical charging systems from vendors specialising in the EV market. 

 

ElectGo hopes to alleviate the shopping experience to provide a seamless transaction for our buyers from different countries.  Membership sign up is free for everyone with no hidden charges to enjoy additional discounts, benefits, and keeping up-to-date with the latest promotions. Furthermore, with new built-in features such as product selector and the product recommendation tool, ElectGo.com aims to bring convenience and efficiency for buyers to enhance their buying experience.

 

With Singapore being a regional logistic hub for major logistic firms, ElectGo.com will be able to support their customers locally and globally, with fulfilment centres currently located in Singapore and Indonesia. In addition, ElectGo.com aims to provide prompt delivery to its customers and has an excellent customer service team to assist and respond quickly to customer’s inquiries. 

 

On top of all, ElectGo.com also provides relevant industrial updates such as articles, white papers, and solutions that help buyers better understand the products and keep updated with the latest industrial news. 

 

ElectGo positions themselves as a value-added platform to supply products to fulfil its customer’s needs for installation, upgrading, replacement as well as projects.

#ElectGo

 

Public Warned About Electrical Hazards Along Laos-China Railway

Public Warned to Keep Away From Electrical Hazards along Railway

Electrical systems and transmission lines are expected to be operational along the Laos-China Railway in the coming days, with the public advised to keep away from electrical equipment.