Australia’s central bank has announced today that it has cut its benchmark interest rate by a quarter of a percentage point to a record low of 0.5%. Nonetheless, the new coronavirus continues to drive markets, with Asian stocks in retreat overnight. Ahead of an expected move by the Fed, the RBA has acted to shore…
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Adam Vettese, UK Market Analyst at eToro, has provided his daily commentary on traditional and crypto markets for March 3, 2020. Analysts’ hopes that the Federal Reserve will step in with interest rate cuts and stabilise markets sent shares soaring yesterday, with the Dow Jones Industrial Average jumping 5.1% to deliver its best day since…
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Fintech company Integral released its volumes report for the first month of 2020. Average daily volumes (ADV) across Integral platforms totalled $39.9 billion in February 2020. This represents an increase of 12.4% compared to January 2020, and 19.8% increase compared to the same period in 2019. Banks, brokers, and asset managers now share direct access to…
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IG Group has just announced that Joanna Nayler has taken up her newly created position as Chief Legal and Governance Officer, with management responsibility for the company’s Legal, Company Secretarial and Internal Audit functions. Nayler will be based in London and will report directly to June Felix, CEO, IG Group. A key focus of the…
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The international broker AvaTrade has just announced that it has added MetaTrader 5 (MT5) trading platform to its range of global platforms. The company has recently launched the MT5 platform in Japan. The company is regulated across nine jurisdictions. MT5 offers an almost unlimited number of shares, bonds, options and futures, compared to MetaTrader 4's traditional…
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ActivTrades’ Market Analysts prepared their daily commentary on traditional markets for March 3, 2020. This is not a trading advice. See details below: FOREX The US Dollar Index gains of less than 0.1% during early Tuesday are modest but still remarkable when you consider the greenback’s losing streak of more than 2% over the previous…
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Adam Vettese, UK Market Analyst at eToro, has provided his daily commentary on traditional and crypto markets for March 2, 2020. Central banks around the world are moving to combat the impact of the coronavirus by providing additional support to the financial system, following the worst week for global markets since 2008. The Bank of…
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FXSpotStream has just released its volume report for the month of February, announcing increased volumes related, in part, to the evolving impact on the markets from the coronavirus. On February 28, FXSpotStream hit a new daily volume record of USD86.953 billion. The new record represents a 47.84% increase over the prior daily volume record set…
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Tokyo Financial Exchange (TFX) has released its trading volumes report for the month of February 2020. You can see the highlights below: FX Daily Futures contracts (Click 365) The total trading volume of FX Daily Futures contracts (Click 365) was 2,449,177 ( +24.6% MoM / +27.5% YoY ) and its average daily trading volume was…
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The following article was submitted by Michael Stark, market analyst at Exness. Some of the most important events in markets this week are the meetings of the Reserve Bank of Australia and the Bank of Canada. A number of countries around the world will also release annual and quarterly data on GDP growth. Finally there’s…
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