Daily market commentary: Stocks continued their rally in Europe, alongside US futures LeapRate

July 29, 2022 BY Steffy Bogdanova

Daily market commentary: Stocks continued their rally in Europe, alongside US futures

European Shares Stocks continued their rally in Europe on Friday, alongside US futures, as market sentiment improved following reassuring macro data in addition to positive corporate results. While today’s trading optimism was initially sparked by strong Q2 reports from Apple and Amazon yesterday evening, this morning’s surprising GDP data from Spain and France are driving…

July 28, 2022 BY Steffy Bogdanova

Tools for Brokers promotes Sergei Gruzin to Head of Business Development Asia

Gruzin commented: I am very honored to receive this promotion and work on expanding Tools for Brokers in this very important part of the world. The demand for new technology is very high in Asian markets, and we are ready to facilitate access to the technology for our local clients and build a stronger presence…

July 28, 2022 BY Steffy Bogdanova

Daily market commentary: The US dollar index is trading lower this morning

The markets responded immediately, with risk assets such as shares and bitcoin finding the front foot and recording substantial gains, while the US dollar, which until now had been propped up by the Fed’s hawkishness, dropped to the lowest level in three weeks. Ricardo Evangelista – Senior Analyst, ActivTrades Disclaimer: opinions are personal to the…

July 27, 2022 BY Steffy Bogdanova

CySEC withdraws CIF licence of MPS Marketplace Securities

The reasons behind the MPS renouncing the license were not disclosed in CYSEC’s press release, however the company has faced regulatory issues in the past. The Cypriot regulator suspended MPS’s CIF license for a year in September 2019 on suspicions of an alleged violations of the law that may cause concern and risk relating to…

European stock market experiences positive change

July 27, 2022 BY Steffy Bogdanova

Daily market commentary: Stock markets jump higher from Tokyo to US future contracts in New York

European Shares Stock markets jumped higher from Tokyo to US future contracts in New-York, as investors cheered a batch of positive corporate results. Solid reports from tech giants Microsoft and Alphabet have given a fresh boost to market sentiment on Wednesday, sparking hopes that companies can handle tighter monetary conditions and a slower economy. However,…

July 27, 2022 BY Steffy Bogdanova

Credit Suisse appoints Ulrich Körner as CEO, reports heavy losses in Q2

Ulrich Körner, new CEO of Credit Suisse, said: This is a challenging undertaking but at the same time represents a great opportunity to position the bank for a successful future and realize its full potential. Gottstein took the helm of the bank in 2020 after the resignation of then CEO Tidjane Thiam following a spying…

July 27, 2022 BY Steffy Bogdanova

XTB sees a surge of net profit of 638%

According to the financial results, the numbers of active clients on the platform surged 42.7%YoY to 149,824 in H1 2022. However, new clients dropped to 101,030, a decline of 6.3% YoY. XTB Management commented: The ambition of the Management Board in 2022 is to acquire, on average, at least 40 thousand new clients quarterly. As…

July 26, 2022 BY Steffy Bogdanova

Daily market commentary: Brent crude oil prices are rising, in a second consecutive day of gains

Oil Brent crude oil prices are rising during early Tuesday trading, in a second consecutive day of gains. Concerns over the supply of Russian gas to Europe are having a collateral impact on oil prices, as a potential squeeze on gas supplied to Europe is likely to increase demand of oil and other related fuels…

July 26, 2022 BY Steffy Bogdanova

Hirose UK reports 50% decline in revenues in FY22

The filing stated: The Company operates in a very competitive market, and also regulatory environments including the new leverage and negative balance regulations which suggest that the management will need to make every effort to comply with higher standards of regulatory requirements as well as continue to seek more efficient and effective marketing campaigns in…

July 26, 2022 BY Steffy Bogdanova

Weekly data: FOMC and US GDP in the spotlight

The main downtrend is still active with the price below all of the 50, 100 and 200 SMAs, but there is no longer any sign of oversold from either the slow stochastic or Bollinger Bands; the former at around 65 is between neutral and overbought. The next movement for EURUSD depends on the reaction to…

Category: Forex