Category: Forex

Daily Market Commentary
September 30, 2022 BY Steffy Bogdanova

Daily market commentary: The US dollar index is on track for a third consecutive session in the red

European Shares EU shares pared some of yesterday’s losses this morning, edging higher as market sentiment improved slightly for the end of the week. Investors drove most benchmarks higher on Friday, in a corrective bullish move following another annual low in session yesterday, as they cheered positive macro data from the UK, France and Germany.…

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September 29, 2022 BY Steffy Bogdanova

FCA ceases synthetic sterling LIBOR at end-March 2023

FCA stated: We have no intention to use our powers to compel IBA to continue to publish the 1- and 6-month synthetic sterling LIBOR settings. The regulator added: Market participants need to ensure they are prepared for the permanent cessation of 1- and 6-month synthetic sterling LIBOR on 31 March 2023. However, the deadline for…

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September 29, 2022 BY Steffy Bogdanova

Patrick Eltridge joins Nomura as Group Chief Information Officer

Patrick Eltridge commented: Nomura is a recognized leader in its home market with an increasingly global presence and international growth strategy. I am excited to join the firm as it undergoes a digital and data transformation to deliver a better experience for clients and employees. Eltridge has previously served as the Chief Operating Officer at…

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Reduced retail sales curbs the pound
September 29, 2022 BY Steffy Bogdanova

Daily market commentary: Sterling posted the largest daily gain in relation to the US dollar since June

European Shares European markets pared gains and even registered further losses on Thursday, following a global trend, as a risk-off trading stance remains well in place in investors’ minds. Market sentiment stays significantly weighed down by rising uncertainty, brought to the markets by higher borrowing costs, elevated price pressure and the prospect of an economic…

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Advanced Markets collaborates with Takeprofit Tech
September 29, 2022 BY Steffy Bogdanova

Advanced Markets UK's revenue up 13% in 2021

Advanced Markets UK reported $10,330 in profits for 2021, compared to a loss of $111,367 in the previous year. This is the first time the UK entity turned profit since it was established in 2018. The company stated in the Companies House filing: The results for the period were in line with the expectations of…

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September 29, 2022 BY Steffy Bogdanova

Midweek data: US PCE and final GDP in view

However, sentiment on monetary policy and economic conditions has changed rapidly over the last few days, so it makes sense in the context not to rely too much on the chart. In the unlikely event of a significant revision upward in American GDP for the second quarter, the price might push sharply lower in the…

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Equiti Capital Financial Results FY21
September 28, 2022 BY Steffy Bogdanova

Equiti Capital UK sees 113% surge in profit for FY21

Paul Webb, a director of Equiti Capital UK, commented: With our ambitious business plans and investment in strategic elements of the business, Equiti Capital continues to see the potential for strong growth in revenues over the next financial year. The company has been focused on turning the Group’s UK entity, Equiti Capital UK into a…

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Daily Market Commentary
September 28, 2022 BY Steffy Bogdanova

Daily market commentary: The euro touches a fresh 20-year low

The war in Ukraine presents many risks for the old continent, both in the geopolitical and economic sphere, and the recent escalation related to the sabotage of the Nordstream pipelines, it appears that Europe may be about to face a very difficult winter. Against this background further euro weakness may be on the cards. Ricardo…

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September 28, 2022 BY Steffy Bogdanova

VT Markets introduces 51 new ETFs trading options

The new ETFs cover a range of trading instruments including stocks, bonds, and indices across various industries from different global exchanges. Among the ETFs for the technology sector are US Technology ETF (IYW) and Vanguard Information Technology ETF (VGT). The bond ETFs include a wide selection of bonds diversified by type, issuer, maturity and region,…

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