Category: Forex

VT Markets on rebranding and MT5 transition
June 23, 2021 BY Steffy Bogdanova

VT Markets on rebranding and MT5 transition

With so many brokers making the transition to the MT5 platform, why did VT Markets decide to make the change? Chris: In response to growing user demand, VT Markets has taken the decision to add support for MT5. The MT5 platform was designed from the ground up to trade a variety of markets, which includes…

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Sucden Financial
June 23, 2021 BY Steffy Bogdanova

Sucden Financial adds new hires to FX sales team

Wayne Roworth, Global Head of FX said: I am delighted to welcome Mike and the team, as we strengthen our salesforce, continue enhancing our FX services and develop our global client base. Mike Wilkins, Global Head of FX Sales, commented: Sucden Financial is a well-established company and recognised leader within the FX industry, with a…

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daily market analysis
June 23, 2021 BY Steffy Bogdanova

Daily market commentary: Oil markets continued to edge higher

OIL Oil markets continued to edge higher on Wednesday, boosted by the US Dollar falling once again and correcting its short-term bullish trend started last week. The barrel of light crude oil is now challenging its immediate resistance at $73.20, the last one before the major resistance between $73.90 and $74. As well as the…

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Former UBS AM head Christoph Kruecken joins Bedford Row Capital to lead Business Development and Distribution
June 22, 2021 BY Steffy Bogdanova

Equiniti names Andrew Peeler as Chief Financial Officer

John Stier will step down from his current positions are CFO and director, however, he will remain with the business for a period to make sure the handover is smooth. Philip Yea, Chairman, commented: I should like to thank John for his unwavering commitment over his time with the Company, and particularly his support over…

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Fxview establishes subsidiary based in St Vincent & Grenadines
June 22, 2021 BY Steffy Bogdanova

Fxview establishes Subsidiary based in St Vincent & Grenadines

Virk commented: The offshore entity is a key milestone for Fxview. This will allow our existing and new clients to take full advantage of our innovative ecosystem ranging from state-of-the-art platforms & tools, lightning-fast execution, excellent trading conditions and stellar customer support. Fxview is a brand in its own right and is both operated and…

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daily market analysis
June 22, 2021 BY Steffy Bogdanova

Daily market commentary: The US dollar is trading flat

GOLD Gold’s bearish price action since the beginning of the month is slowing down as the price loses more and more directionality. The market is consolidating between $1,770 and $1,800 following last week’s sell-off as investors struggle to get more clarity on the near-term outlook for gold. The bearish pressure is likely to remain as…

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June 22, 2021 BY Steffy Bogdanova

Weekly forex data: BoE to be watched after hawkish Fed

Price seems to have broken through the 61.8% area of the weekly Fibonacci fan with two daily closes in succession above this area. Moving averages still give a sell signal, but the value area between the 100 and 200 SMAs has shrunk considerably. Movement above this area might signal more gains to come for the…

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Admirals
June 22, 2021 BY Steffy Bogdanova

Admirals open a regulated subsidiary in Jordan

Sergei Bogatenkov, the CEO of Admiral Markets AS, commented: The Middle East and North Africa region is home to 600 million people, which means a great potential for us to grow our customer base and gain a larger market share, while looking to provide the opportunity for people in the region to experience the joys…

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