Category: Forex

Interactive Brokers
July 04, 2023 BY Steffy Bogdanova

Interactive Brokers sees 5% increase in DARTs in June

The broker ended the month with client credit balance of $98.9 billion, including $3.2 billion in insured bank deposit sweeps. The client credit balance came in 7% higher than in June 2022 and about the same as the prior month. Client accounts on the platform increased 19% YoY and 1% MoM to 2.29 million in…

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July 04, 2023 BY Steffy Bogdanova

Weekly data: USOIL & Gold price action

USOIL, daily Oil prices are on the rise after Saudi Arabia and Russia announced supply cuts for August. Saudi Arabia extended its voluntary production cut of one million barrels per day (bpd) for another month, while Russia announced it would reduce its oil exports by 500,000 bpd in August. Both countries are trying to prop…

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FXSpotStream
July 04, 2023 BY Steffy Bogdanova

FXSpotStream sees trading volume of $1.39 trillion in June

FXSpotStream’s volumes saw an uptick in the first three months of 2023, and only fell in April. On yearly basis, however, last month’s ADV dropped 1.3% compared to June 2022. Last month, FXSpotStream’s overall volume stood at $1.39 trillion. The numbers rose 8.6% from the $1.28 trillion, recorded in May 2023. The broker has seen…

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July 04, 2023 BY Steffy Bogdanova

XS.com appoints Shadi Salloum as regional director for MENA

Shadi Salloum, XS.com’s Regional Director (MENA) added: I am filled with anticipation as I prepare to embark on a new venture with XS.com, a dynamic and forward-thinking brokerage. As the new Regional Director for the MENA region, I am enthusiastic about contributing my knowledge and experience to propel the company's achievements in the field of…

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IG Group
July 03, 2023 BY Steffy Bogdanova

IG CFO, Charlie Rozes, becomes acting CEO

The company stated:  IG Group Holdings plc announces that June Felix, Chief Executive Officer, is taking a short period of medical leave from the business. June Felix, who joined IG Group as a non-executive director in 2015 before becoming CEO, is renowned for expanding the company's geographic presence and diversifying its product offerings. Under her…

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July 03, 2023 BY Steffy Bogdanova

XS.com hires Joanna Atwi as Business Development Manager – MENA

Most recently, she served as Business Development Manager for MENA at ICM.com, out of Kuwait. She initially joined the company as a Business Associate in May 2018 She holds a Bachelor of Business Administration degree in Economics from Lebanese University in Beirut. XS.com has been expanding its leadership team recently. Earlier in May, the company…

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June 29, 2023 BY Steffy Bogdanova

Italy’s Consob blocks E-trade and Active Trades clone sites

The Consob has the authority to block websites offering illegal financial services at an internet service provider level. The regulator stated: Consob draws investors’ attention to the importance of adopting the greatest diligence in order to make informed investment choices, adopting common sense behaviors, essential to safeguard their savings: these include, for websites that offer…

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June 29, 2023 BY Steffy Bogdanova

Forex4you adds new trading instruments and anniversary promotions

Communication on Telegram The company also announced the launch of its new official Telegram channel - official_Forex4you. Members of the channel will receive real-time updates on market insights, company announcements, and exclusive promotions, all delivered to a mobile device. Transparency and competitiveness Forex4you further detailed that as the company grows and expands, it remains committed…

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Reduced retail sales curbs the pound
June 29, 2023 BY Steffy Bogdanova

Technical analysis: Sterling under pressure following gov. Bailey’s comments

Higher Timeframe Technical View The technical position for GBP/USD reveals price fading long-term resistance on the weekly scale at $1.2767, boasting historical significance as far back as 2016. Consequently, GBP selling should not surprise. Support on the weekly scale is relatively nearby, nevertheless, in the shape of a trendline resistance-turned-support taken from the high of…

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