GOLD We have seen an interesting rebound for gold in the last few hours, with the spot price bouncing up by $20 to get close – once again – to the resistance level of $1,850. A clear surpass of this barrier, could open space for further rebounds to $1,872-$1,875, while a next key level is…
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In Q2, the brokerage registered 207,000 total active clients in the period. In Q1, the total active clients were 201,500 total active clients with almost 3% increase since then. On yearly basis, the number jumped 54.7% compared to 133,800 clients in Q2 FY20, benefitting from a continuation of strong client acquisition. The second quarter of…
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Despite the ongoing formation of a classic head and shoulders pattern which might complete over the next few periods, bulls focussing on the chart will have cheered last week’s golden cross over the 50 and 100 SMAs. A combination of both fundamentals, i.e. mainly sentiment, and TA is likely to be important over the next…
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Juan Rodriguez, Managing Director of FinLab EOS VC Fund said: Digital assets have increasingly gained prominence among investors. Therefore, institutional traders and banks now have the challenge of providing their clients with professional and secure access to this emerging asset class. Rodriguez added: AlgoTrader closes this gap with their trading and execution platform and we…
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What to watch There is little in the way of corporate earnings releases or economic data being reported on Monday, but the last full trading week before Christmas is set to be a packed one. In the US, negotiations between Democrat and Republican lawmakers on a stimulus package will be in focus, as will the…
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CLS’s Head of Information Services, Masami Johnstone, commented: Daily traded volumes in November were USD1.79 trillion, up 4.7% compared to October 2020. Both FX spot and FX swap volumes increased compared to the previous month by 15.7% and 3.1%, respectively, while FX forward volumes decreased by 15.5%. Compared to November 2019, FX spot and swap…
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OIL Stocks futures have started the week in green amid new hope for a Brexit deal and oil is taking advantage of this situation. Moreover, Asian oil demand has recovered quite quickly, and there are expectations for this trend to continue into the US and Europe over the next few months. In this scenario, Brent…
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The Exness branded robots, named Forexawy, Crypto and Dahab, will be greeting attendees with face masks and sanitizers, escorting them to the Exness booth, answering questions about the company’s products and services and arranging live video calls with Exness sales representatives. The Exness booth will be also equipped with touchless sensor based interactive technology, with…
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What to watch US consumer sentiment data: On Friday, preliminary consumer sentiment data for December will be released by the University of Michigan. The index came in at 76.9 for November, and consensus expectations for December are a small decline to 76.5. The US economy is heavily dependent on consumer spending, which accounts for 70%…
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Gottwik continued: In the current situation with the COVID-19 pandemic, many investors have become extremely cautious when building their portfolios and deciding where to spend their hard-earned money. Therefore, the ability to consider another investment vehicle while reducing the trading costs can make a massive difference in performance. Through the turbulent economic conditions during the…
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