Category: Forex

daily market analysis
July 21, 2021 BY Steffy Bogdanova

Daily market commentary: Stocks in Europe and the US are in the green, despite fears over the resurgence of the virus

OIL Oil is trading flat this morning appearing to have found support as risk appetite increases once again. This support comes after the pronounced falls registered during the last few sessions, which were triggered by apprehension over the impact the Delta variant might have on the speed of the economic recovery, as well as the agreement…

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CFI's Mohamad Daher promoted to CEO of UK arm
July 21, 2021 BY Steffy Bogdanova

CFI promotes Mohamad Daher to CEO of UK business

Mohamad Daher began his career as a Sales Trader at CFI Lebanon. He quickly made his way to assistant CEO. He has years of experience in sales, risk management and regulatory expertise which resulted in his recommendation for the position of Chief Operating Officer of CFI UK. In that role, he played a major role…

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FXOpen launches trading platform TickTrader
July 20, 2021 BY Steffy Bogdanova

FXOpen launches trading platform TickTrader

Gary Thomson, Chief Operating Officer of FXOpen UK, commented: FXOpen continues to demonstrate our commitment to providing the latest technological advances and opportunities for successful trading. Adding TickTrader to our suite of platforms means our clients can enjoy a completely customisable trading experience with more than 1200 advanced trading tools at their disposal, offering sophisticated…

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saxo bank revenues
July 20, 2021 BY Steffy Bogdanova

Saxo Bank teams up with Thoughtworks to leverage business data

The data governance solution, developed during the course of the digital partnership, enabled teams and decentralized decision making. As a result, Saxo has been able to move their open banking objective ahead and to improve upon it. Graham Stirling, Head of Data Platforms at Saxo Bank, said: Saxo have been on the journey towards a…

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Acquisition
July 20, 2021 BY Alan Sayer

Plus500 finalises acquisition of Cunningham Commodities

This latest acquisition is a continuation of Plus500’s strategy of acquiring companies to expand its geographical reach. This is a two-part process that the company carries out as it invests internally in its products and acquires companies that allow access into new markets. David Zruia, CEO of Plus500, had this to say: With a combination…

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Robinhood
July 20, 2021 BY Alan Sayer

Robinhood seeks $35 billion market valuation in upcoming IPO

It has also shown revenue increases in several different metrics. Compared to the 2020 second quarter revenues, the 2021 second quarter revenues show an increase of more than 100%. This is an increase from $244 million in 2020 to $544 million in 2021.  This is also a revenue increase from the first quarter of 2021…

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daily market analysis
July 20, 2021 BY Steffy Bogdanova

Daily market commentary: The pound continues to lose ground, following yesterday’s sharp decline

GOLD Gold was steady despite yesterday’s equity market sell off with the price continuing its slow dance above $1,800. However, the technical configuration isn’t reassuring to investors as the market recently broke-out of its short-term bullish trendline following a 50% bullish retracement of the last bearish impulsion from the $1,900 zone. Despite the market’s recent…

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CAPEX.com launches new product StoX with 0 commission
July 20, 2021 BY Steffy Bogdanova

CAPEX.com expands asset portfolio with new product StoX

Christina Koullapi, Executive Director at Key Way Investments Ltd, the company operating CAPEX.com under its CySEC regulation, said: We believe this latest addition to our portfolio comes with several competitive advantages for our clients. First, they won’t have to worry anymore about the costs of rolling their transactions from one day to the next, as…

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July 20, 2021 BY Steffy Bogdanova

Weekly forex data: looking ahead to the ECB

Sentiment on the euro though is weak: strong data around the end of 2020 and beginning of 2021 have generally been replaced by more lacklustre figures from major economies, and the Delta variant is likely to dent many countries’ plans to ease remaining anti-covid measures. Tuesday’s close at R17.33 was a two-month high for EURZAR,…

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