GOLD Despite “risk off” dominating the last few days on stock markets, gold has been weak and we have seen the dollar recover, with the greenback inversely correlated with bullion and commodities. A major reason for gold’s weakness has been the sharp decline on stocks forcing some traders to close positions on gold to avoid…
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IronFX has launched IronFX Trading School, an online trading educational page which will offer support to beginner, as well as professional traders. The IronFX Trading School will deliver tools, educational articles and trading strategies to help traders achieve their trading goals. IronFX’s traders and investors will have access to a range of trading resources to…
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Andreas Efstathiou, Senior Analyst at IronFX, commented: Our team has worked really hard to launch the trading school as initially envisaged and we hope that our traders will make good use of the content. We wanted to create your go-to destination for all trading content so our analysts and expert financial strategists could reach a…
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What to watch Big tech earnings: Three trillion-dollar companies report quarterly earnings on Thursday, with Apple, Amazon and Alphabet on deck. Facebook and Twitter also deliver their own earnings reports. All of those firms are firmly in the regulatory spotlight, with lawmakers investigating the role of big tech in public discourse, and the Justice Department…
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Tom Higgins, CEO, Gold-i commented: CMC has one of the most comprehensive multi-asset offerings in the market and are a very welcome addition to our Matrix NETwork. Their extensive liquidity pools present our clients with significant opportunities to diversify and add new revenue streams, all on attractive commercial terms. Richard Elston, Head of Institutional at…
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EUROPEAN SHARES Most European benchmarks opened higher on Thursday, paring some of yesterday’s losses, as market sentiment gets a fresh boost from the corporate sector. Strong earnings reports from major companies like ASM International NV or Royal Dutch Shell have managed to reassure investors, temporarily at least, ahead of another busy day. There is also…
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What to watch Payment giants: Rivals Visa and Mastercard both deliver their third-quarter earnings reports on Wednesday, with the latter marginally ahead in the share price stakes in 2020 so far. Both firms are dependent on payments volume, to which a recession poses a threat, and the companies’ results will provide a window into the…
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Harpal Sandhu, CEO of Integral commented: We are pleased to be extending our partnership with Refinitiv via the FXall platform, which is recognized as a market leading multi-dealer platform. Integral’s mission is to open up the institutional FX markets to support greater efficiency and choice. Our partnership with Refinitiv supports this strategy and will be…
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Antoine Moreau, Head of Infrastructure Services at Itiviti said: This cloud initiative follows a massive infrastructure upgrade of our NYFIX order routing network. This project will increase our platform’s adaptability in a context of accelerated virtualization of the capital markets. Itiviti will further utilize technologies such as microservices and containerisation to develop and deliver new…
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What to watch Microsoft: Microsoft’s share price has gained 33% this year, with the $1.6trn market cap giant helping propel the broader market higher. As with many of the other major tech names, its momentum has stalled of late, with the firm’s share price only advancing 3.1% in the past three months. The company’s cloud…
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