Arnaud Poutier, Head of IG Europe commented: I’m proud that IG now has an on the ground presence in Amsterdam to better serve our Dutch clients with the world-class trading experience they want from IG. The fluid nature of the pandemic at this time means the Dutch IG team will work remotely initially, because their…
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What to watch PayPal: Online payments firm PayPal’s share price has surged by more than 70% in 2020, although its advance has slowed in recent months. The company has been the beneficiary of a massive shift to online shopping driven by the pandemic, which has increased user growth and payment volume, including in its mobile…
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Harpal Sandhu, CEO at Integral commented: TrueFX has made it possible for any participant – irrespective of size – to access primary sources of liquidity directly. The proposition of eliminating credit as a barrier to entry is an exciting development in FX and we are thrilled to see such high adoption of the service as participants seek…
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What to watch AbbVie: For pharmaceutical company AbbVie, sales of its flagship Humira drug - which treats Crohn’s disease and arthritis among other inflammatory conditions - will be the key point to watch in its Friday quarterly earnings report. Zacks Equity Research noted that sales may have been affected by the launch of rival products…
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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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