Category: Forex

daily market analysis
July 14, 2021 BY Steffy Bogdanova

Daily market commentary: Gold rose with its safe-haven appeal increasing as several countries in the APAC region continue to tighten restrictions

GOLD Gold rose during early Wednesday trading, with its safe-haven appeal increasing as investors reacted to news that several countries in the Asia-Pacific region continue to tighten restrictions in efforts to halt rising COVID cases. However, the precious metal’s gains were capped by the strengthening of the dollar, that followed the publication of US inflation…

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BidFX XTX Markets
July 14, 2021 BY Steffy Bogdanova

BidFX Algo Hub offers XTX Markets’ Execution Algo

XTX Execution Algo went live on BidFX in 2020 in an initial targeted client roll-out. The solution can reduce slippage to arrival price. McGrath said he was pleased to see increasing usage of this algo across their global client base in 2021 and that the company was glad to make it available for clients to…

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ETX Capital secures FSCA License in South Africa
July 13, 2021 BY Steffy Bogdanova

ETX Capital secures FSCA license in South Africa

ETX clients in South Africa can benefit from instant execution, tight spreads and low commissions on CFDs on thousands of global markets – across all major asset classes from forex, indices, shares and commodities. Regulated by the FCA, ETX Capital was acquired by Swiss firm Guru Capital in 2020. The company offers more than 5,000…

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July 13, 2021 BY Steffy Bogdanova

Weekly forex data: inflation and retail sales in view

While a retest of the multi-year low around ¥6.36 doesn’t seem likely in the immediate future, a movement above the 200 SMA is also unfavourable. With no sign of saturation and the significant low quite close, consolidation with the value area between the 50 and 100 SMAs seems to be possible in the absence of…

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Acquisition
July 13, 2021 BY Alan Sayer

Bambu adds to its portfolio with the acquisition of Tradesocio

As Bambu currently provides cloud-based robo advisors to traders, the acquisition will allow them to bring this service to a greater range of customers. Tradesocio already has its own clients in place, offering Bambu the opportunity to instantly get access to a much larger client base. The digital wealth market is one of the fastest-growing…

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daily market analysis
July 13, 2021 BY Steffy Bogdanova

Daily market commentary: Price gains for oil are likely to be capped by anxiety amongst investors due to the Covid Delta strain

OIL Oil traded higher during early Tuesday, with most of Monday’s losses already cancelled. The price of the barrel remains conditioned by tight supply, with the markets expecting a continuation of the declines in US crude stockpiles, which have been on a downward trend since February. However, further price gains for oil are likely to…

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IS Prime
July 13, 2021 BY Steffy Bogdanova

IS Prime creates new variable spread indices and oil

Barry Flanigan, Head of Distribution and Liquidity, IS Prime, commented: Traditionally, Liquidity Providers offer fixed spreads on indices and oil but we have seen increasing demand from clients for variable pricing. We developed our product in this area for a particular client and are rolling it out on a wider basis to enable more clients…

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ESMA
July 13, 2021 BY Steffy Bogdanova

ESMA seeks stakeholder feedback on CCP recovery regime

Klaus Löber, Chair of the CCP Supervisory Committee, said: The launch of ESMA’s public consultations, on the implementation of the CCP recovery mandates, is the first step to ensuring consistency of EU central counterparties recovery regimes at EU level in line with the highest international standards. The proposed Regulatory Technical Standards and Guidelines complement the…

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