Daily market commentary: The US dollar is on the front foot, climbing more than one percent LeapRate

November 03, 2022 BY Steffy Bogdanova

Daily market commentary: The US dollar is on the front foot, climbing more than one percent

Those who expected the Fed to pivot any time soon would have been disappointed by Powell’s message. On the other hand, dollar bulls will be celebrating the prospect of further monetary tightening as it generates strong tailwinds for the greenback, creating scope for more gains in the foreseeable future. Ricardo Evangelista – Senior Analyst, ActivTrades…

November 03, 2022 BY Steffy Bogdanova

Saxo Bank’s FX volume falls 13% MoM in October

The average daily volume (ADV) in forex instruments stood at $6.1 billion. The figure was 9% lower on monthly basis but 19.6% up compared to October last year. The brokerage firm reported that demand in Equities picked up during last. The volume in October was $ 256.5 billion, gaining 3.5% compared to September. On yearly basis,…

November 03, 2022 BY Steffy Bogdanova

Muinmos hires Agnieszka Noworól as Customer Success Director

Customer Success Director at Muinmos In her new role in Muinmos, out of the company's headquarters in Denmark, Noworól will focus on evolving the new clients induction processes. As a part of the management team, she will also work on developing Muinmos’ strategy to grow the business globally. Remonda Kirketerp-Møller, Founder and CEO, Muinmos said:…

November 02, 2022 BY Steffy Bogdanova

ASIC issues an 8 year ban on former Trade360 manager

Regarding Bringans, the regulator stated: In banning Mr Bringans, ASIC found that he is not adequately trained and competent, that he is not a fit and proper person to provide financial services, and that he ignored one of his key duties as a responsible manager, which was to ensure that Sirius Financial complied with the…

November 02, 2022 BY Steffy Bogdanova

Daily market commentary: In its pursuit of lower inflation, the US central bank risks damage to the economy

The FOMC press conference will be closely scrutinized by investors anxious for hints over the beginning of the end for the current cycle of monetary tightening. The relative dollar weakness of the last 24 hours could be a sign that some traders have already started to price-in a Fed pivot. Ricardo Evangelista – Senior Analyst,…

November 02, 2022 BY Steffy Bogdanova

FXSpotStream's ADV fall 5.8% in October

On yearly basis, however, ADV was 37% higher compared to October 2021. In October, FXSpotStream’s overall volume stood at $1.45 trillion. The numbers were 10% down from the $1.61 trillion, recorded in September 2022. The overall trading volume of the firm has surpassed $1 trillion every month since the beginning of the year. The October…

November 01, 2022 BY Steffy Bogdanova

TP ICAP revenue up 5%, Liquidnnet’s falls 22% in Q3

The Group’s performance was significantly influenced by the strengthening of the USD as the 60% of the Group's revenues are denominated in the US currency. TP ICAP stated: Global Broking revenue was up 12% (+20%). All asset classes generated high single digit to double digit growth, reflecting the continued strong performance. E&C revenue declined by…

November 01, 2022 BY Steffy Bogdanova

Daily market commentary: The US dollar is losing ground to other major currencies

The US economy has recently showed some signs of weakness, and pressure has been mounting for the central bank to take the foot of the monetary tightening accelerator, with growing concerns that its determination to curb inflation will end up breaking the economy. Ricardo Evangelista – Senior Analyst, ActivTrades Disclaimer: opinions are personal to the…

November 01, 2022 BY Steffy Bogdanova

Plus500 announces another $60.2 million buyback program

Plus500 stated: The purpose of the Share Buyback Programme is to highlight further the Board's continued confidence in the future prospects of Plus500 and reflects its strong financial position. This confidence is supported by the significant operational and financial momentum achieved by Plus500 over recent years, as the Group continues to make further progress on…

November 01, 2022 BY Steffy Bogdanova

Weekly data: Gold and fiber ahead of busy week

With no signs of reversal or corrections the most plausible scenario would be a continuation of the current trend at least in the short term. This is always dependent on the economic news related to the US Dollar which there is a lot coming this week. We can easily notice areas of possible resistance on…

Category: Forex