Category: Forex

March 18, 2022 BY Steffy Bogdanova

Daily market commentary: Even if the war in Ukraine continues to fuel market volatility, risk appetite seems to keep prevailing in Europe

European Shares Equity benchmarks traded mostly higher in Europe on Friday, despite patchy performances in Asia as investors digested mounting uncertainties around Russia-Ukraine talks. Even if the war in Ukraine continues to fuel market volatility as well as cross-asset rotation trading, risk appetite seems to keep prevailing in Europe as share markets are set to…

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March 18, 2022 BY Steffy Bogdanova

Plus500 announces changes to its Board, Varda Liberman joins as a non‐executive director

Prof. Jacob A. Frenkel, Chair of Plus500, commented: We are delighted to be welcoming Prof. Liberman to our Board. Having worked with a number of major international organisations over the years, she brings a significant experience and knowledge of corporate strategy, management decision-making and behavioral economics. Her views and perspectives will provide fresh dynamic to…

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HKEX names Yang Qiumei Advisor to the CEO
March 17, 2022 BY Steffy Bogdanova

HKEX appoints Yang Qiumei as Advisor to the CEO

Yang Qiumei's background Previously, Yang worked as Asia Pacific CEO at ICI Global, global association of regulated funds and managers. She worked at the company from 2013 to 2018. Before that, she served as HKEX’s Head of Mainland Development and Deputy Head of Market Development, between 2010 and 2013. Yang brings vast securities market regulation…

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March 17, 2022 BY Steffy Bogdanova

Daily market commentary: The US dollar index hedged down, following the announcement of the first interest rate hike since 2018

Gold Gold prices rose during early Thursday trading, benefiting from the weakening of the dollar, due to the inverted correlation between the two assets. The greenback lost ground to other major currencies after Wednesday’s rate hike and Fed’s hinting at several more increases until the end of the year, as the move had already been…

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March 17, 2022 BY Steffy Bogdanova

Swissquote confirms 2021 record growth

Swissquote also published its guidance for 2022 and medium-term for 2025. The company noted that during the two first months of 2022, it experienced strong customer growth. It’s expectation for net revenues in 200 is to reach CHF 475 million. The company also expects net revenues and pre-tax profit to be CHF 750 million and…

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Forex.com Canada
March 17, 2022 BY Steffy Bogdanova

FOREX.com expands offering in Canadian market

Glenn Stevens, CEO of the retail business of StoneX Group Inc., commented: Our mission at StoneX is to open markets, and this expansion of our FOREX.com offering in the Canadian market is an important part of providing comprehensive access to the retail investor. We also give retail investors the ability to trade the way they…

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Alpha FX
March 16, 2022 BY Steffy Bogdanova

Alpha FX reports 94% jump in profits in 2021

Basic earnings per share stood at 57.7p, up  82% compared to the previous year. The Group decided to pay a dividend of 8 pence per share to its shareholders, which makes the total dividend distribution for the financial year 11 pence. Alpha FX also reported that the number of clients rose 27% from 754 to…

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IG Group
March 16, 2022 BY Steffy Bogdanova

IG Group sees 13% rise in Q3FY22 revenue

IG Group’s CEO, June Felix, commented: I'm delighted to be reporting another quarter of outstanding performance driven by a record number of clients trading in the period. All-time high number of clients IG Group also reported a record number of active clients. During the third quarter, the numbers reached 292,200, compared to the same period…

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March 16, 2022 BY Steffy Bogdanova

Daily market commentary: It is expected that the US central bank will hike interest rates

European Shares European shares jumped at market open on Wednesday, alongside Asian equities, and US Futures contracts, amid improving global market sentiment. The “risk-on” trading stance is back on track everywhere, and market panic is clearly fading as investors digest the latest positive macro developments brought by both China and Russia/Ukraine diplomatic talks. The strong…

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