OIL The countdown to the US election is drawing into sharper focus and as the odds of a Biden victory increase (implied probability went up from 65 to 69.2% over the weekend), investors are betting on the likeliest scenarios for oil in the next few years. A Biden victory could see less support for the…
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Pelican Trading Co-Founder and CEO, Mike Read, said: Pelican Trading continues to grow at an unprecedented rate, and we are extremely pleased to have partnered with AvaTrade to provide and integrate our proprietary social trading technology solution. The partnership will allow the leading FX broker’s wider client base to benefit from our unique white label…
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Harpal Sandhu, CEO of Integral commented: We are extremely pleased to welcome Kevin Wilson as a new member of the Integral team. Kevin has a strong track record in strategic business development and excellent industry experience supporting hedge fund and buy-side clients grow their FX business. We have seen a significant uptick of interest from…
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TP ICAP CEO, Nicolas Breteau commented: Acquiring Liquidnet is a unique opportunity to transform TP ICAP’s growth prospects by materially accelerating the execution of our electronification, aggregation, and diversification strategy. Liquidnet is a cash Equities dark/block trading global specialist, with a growing Fixed Income presence. The trading venue provides its buyside clients who exceed 1,000…
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What to watch US corporate earnings season: Third-quarter earnings season kicks off in the US tomorrow, starting as usual with most of the major banks. JPMorgan and Citigroup are among the first to deliver their quarterly reports on Tuesday, along with BlackRock, Delta Air Lines and Johnson & Johnson. Throughout the week, Bank of America,…
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The group has seen a strong momentum in customer growth in the first half of the year and expected uptick in trading from the existing client base that gives the Directors confidence that the results for the second half, traditionally the slightly stronger half, will deliver a material improvement on the first half results. Harry…
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GOLD Gold is consolidating after Friday afternoon’s sharp rally with investors waiting for new market movers. Although this could be a crucial week for Brexit, this doesn’t seem to be an important issue for bullion with news from central banks and US politics much more likely to trigger movements. We are in a wait and…
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What to watch US election polls: There is little in the way of significant company announcements or earnings news being delivered today. While markets appear to have been heavily guided this week by the ups and downs of attempts to bring another stimulus package to bear in the US, Marketwatch reported that there is a…
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GOLD As the dollar weakens, gold prices are rallying above $1,900 and nearing the first resistance area of $1,920. Hopes for further fiscal stimulus and expectations for other central bank interventions – maybe not in the immediate future, but in 2021 – are keeping an historical high attention on gold. From a technical point of…
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Arun Kumar, Executive Director of SmartFX, commented: In SmartFX, we like to simplify everything for our beloved clients. Need an optimal trading platform? Here you go: use MetaTrader 5. Asha Rathore, Managing Director of SmartFX, said: With the growth of SmartFX's corporate clients, we are confident that the multi-functional MetaTrader 5 trading platform will serve…
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