What to watch Federal Reserve meeting: The Federal Open Market Committee, which sets the central bank’s interest rate policy, is in the middle of its final two-day meeting of the year. A press conference will be held today, where key points to watch will be the Fed’s stance on future asset purchasing programs, and a…
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GOLD Gold is extending its gain but, more crucially, has once again jumped above the resistance zone of $1,850. A weak greenback, with EUR/USD trying to force the 1.22 barrier and the Dollar Index falling to 90, is helping gold in its recovery while the short-term scenario is regaining momentum. The first target for bullion…
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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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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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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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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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What to watch Dixons Carphone: While 2020 has been an unusual one for many companies in terms of share price falls, Dixons Carphone has experience of this kind of sell-off. The company lost more than 50% of its value when the March sell-off hit, and remains a long way from its 2020 high. It also…
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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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