Category: Forex

forex and crypto market analysis

December 09, 2020 BY Steffy Bogdanova

Daily Market News: White House $916bn stimulus deal offer deemed ‘unacceptable’ by Democrats

What to watch Campbell Soup: Food and snack firm Campbell has enjoyed heightened demand during Covid-19 related restrictions, as consumers stocked up on food items including the firm’s long-lasting canned goods. Campbell sells more than just soup, with brands such as Pepperidge Farm baked goods and Prego pasta sauces. A key point of focus will…

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BidFX

December 09, 2020 BY Steffy Bogdanova

State Street adds four FX algorithmic strategies on the BidFX platform

Mary Leung, Global Head of Client Algos at State Street said: Heightened market volatility caused an unprecedented increase in FX algo volumes back in March, proving that algos are a valuable tool for clients to reduce the cost and increase the efficiency of their execution. With State Street’s unique franchise liquidity, our versatile suite of…

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daily market analysis

December 09, 2020 BY Steffy Bogdanova

Daily market commentary: After several days of weakness, the pound found support

GOLD Bullion is holding above the key support level of $1,850 with the price consolidating after the recent rally. European stock markets opened in the green, reinforced by positive news regarding the upcoming vaccine, but this was not a disruptive element for gold, which is only showing a fractional decline. Overall, in the last few…

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First Derivatives CFO to step down

December 09, 2020 BY Steffy Bogdanova

Graham Ferguson steps down as Chief Financial Officer of First Derivatives

Preston, who will take the past as CFO next year, was formerly Chief Financial Officer of Independent News & Media plc and at OVO Energy Retail, having spent the early part of his career in senior finance roles at Tesco, including Group Finance Director, Europe. He was became Deputy Chief Financial Officer at FD in…

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partnership

December 08, 2020 BY Steffy Bogdanova

Pico adds Intel Capital as investor and completes $135 million investment round

Yuster continued: Intel is a performance leader, and we are excited to have them as an investor in the next phase of our evolution. We are looking forward to benefitting from their vast technology experience to accelerate AI, big data and analytics-based innovation that will deliver a performance advantage to our clients. The Intel Xeon…

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new hire, appointment

December 08, 2020 BY Steffy Bogdanova

United Fintech announces Erik Nordahl as partner & CTO

Christian Frahm, Founder & CEO, United Fintech commented: I worked with Erik at Saxo Bank and have followed his career closely over the last decade. He has exceptional IT skills and an in-depth understanding of the technology requirements in the banking sector. I am delighted that he has joined United Fintech as Partner and CTO,…

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forex and crypto market analysis

December 08, 2020 BY Steffy Bogdanova

Daily Market News: Tesla surges 7% to pass $600bn market cap marker

What to watch Chewy: Online pet food and product retailer Chewy’s share price is up by more than 150% in 2020, as consumers stuck at home have turned to online solutions. Pet sales and adoptions have also surged this year during US lockdown restrictions. The firm will deliver its third-quarter earnings on Tuesday, where investors…

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SquaredFinancial releases new partnership programme

December 08, 2020 BY Steffy Bogdanova

SquaredFinancial adds SwapFree trading to its offering

The SquaredFinancial swap-free accounts are available on the SquaredPro, as well as SquaredElite accounts when using the SF MT4 platform. They offer up to 1:500 leverage with client support available to all traders 24/5. FilippoDe Rosa, Global Head of Sales, commented: Volatility in markets means we have to apply a handling charge for exotic currency…

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daily market analysis

December 08, 2020 BY Steffy Bogdanova

Daily market commentary: Gold broke through the resistance level at $1,850

GOLD Gold broke through the resistance level at $1,850 as the weakening US Dollar, some bits of risk off on stock markets and a final attempt of the Trump team to renew its campaign against China pulled up financial demand for bullion. Moreover, the drop in price of the last few weeks has lifted up…

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technology partnership

December 08, 2020 BY Steffy Bogdanova

Fintech firm FXCubic partners with multi-asset broker M4Markets

M4Markets is a regulated multi-asset broker offering forex, commodities, and indices for online trading to a global client-base. The broker is built by industry experts with more than 30 years of experience. M4Markets focuses on offering a trading experience to traders through technology, low spreads, and lightning fast execution. Deepak Jassal, Executive Director at M4Markets…

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