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

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…