Category: Forex

daily market analysis
December 17, 2020 BY Steffy Bogdanova

Daily market commentary: Gold touches a new 3-week-high

GOLD A weak US dollar combined with a new stimulus and a dovish Fed have created the perfect scenario for a new rebound for bullion. After some initial uncertainty, the positive momentum that has driven gold in the last few days has accelerated with the price jumping above the resistance level of $1,872-$1,875 to touch…

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Plus500 extends its official sponsorship with Atlético de Madrid
December 17, 2020 BY Steffy Bogdanova

Plus500 extends its official sponsorship with Atlético de Madrid

Plus500 has benefitted significantly from its sponsorship of successful sports teams to date by increasing brand recognition internationally, growing brand awareness in important markets and expanding the customer base of the Israel-based online trading broker in new and existing territories. David Zruia, Chief Executive Officer of Plus500, said: We are thrilled to extend our longstanding…

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FXCM
December 16, 2020 BY Steffy Bogdanova

FXCM to continue European operations with CySEC licence

A subsidiary of Jefferies Financial Group, the FXCM group has a pan-European operation. Currently, the brokerage conducts its services in the European Union with its FCA licence. However, the validity of that licence inside Europe may be questionable in case of a no-deal Brexit. FXCM is still operating im Europe under its UK licence but…

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partnership
December 16, 2020 BY Steffy Bogdanova

B3 taps Genesis Low-Code Application Platform for Brazil’s financial markets

The collaboration between the two companies follows a thorough due diligence process and review of a number of low-code platforms. B3 selected Genesis to deliver a Proof-of-Concept (PoC) to process and test millions of real-time post-trading allocation messages, in a low-latency and high-throughput secure and performant environment. Within a period of six week, the PoC…

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December 15, 2020 BY Steffy Bogdanova

ANZ is the first APAC bank to settle all 18 currencies on CLS

Margaret Law, Head of Client Management, APAC at CLS, commented: With the growth of FX trading particularly in Asian currencies, settlement risk has become an increasing concern for banks in the region, and it is essential that they consider executing appropriate FX settlement risk mitigation measures. We anticipate that other banks in Asia Pacific will…

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Forex broker HYCM
December 15, 2020 BY Steffy Bogdanova

HYCM explains how to invest responsibly in the post-Covid era

For professionals, leverage is reserved for certain high conviction trades. It’s used sparingly, only in certain situations, and never at the ratios that retail traders routinely use it. If you’ve just started your trading career and are using the maximum amount of leverage your broker offers you, then you’re begging for trouble. HYCM’s advice would…

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