Daily market commentary: The US dollar records modest gains against other major currencies LeapRate

August 05, 2022 BY Steffy Bogdanova

Daily market commentary: The US dollar records modest gains against other major currencies

European Shares Most European shares continued to climb on Friday, following the Asian trend, while US futures also point to a firmer opening ahead of the last trading session of the week. Corporate earnings, especially from the tech sector, are continuing to supporting market sentiment and appetite for riskier assets in August, as investors seize…

August 04, 2022 BY Steffy Bogdanova

StoneX net income jumps 44% to $49 million in Q3 FY22

Sean M. O’Connor, StoneX Group’s CEO, said: We continued to see strong performance across all products and segments, resulting in net income for the quarter of $49.1 million, up 44% compared to the prior year, and diluted EPS of $2.37. Standout performance was achieved by our retail business, with segment income up 338%, and our…

Spotware announces integration of PANDA CRM with cTrader

August 04, 2022 BY Steffy Bogdanova

cTrader announces addition of PANDA CRM to its integration ecosystem

Panagiotis Charalambous, the Head of Community of Spotware Systems, said: Panda has demonstrated a “get-it-done” ethos that we at cTrader respect and are very familiar with. Both companies are known for prioritising customisation, so we look forward to continuing to work closely in the future. Or Gold, Head Of Commercial Operations in Panda Trading Systems,…

August 04, 2022 BY Steffy Bogdanova

Daily market commentary: The British pound rises against the euro

With a 50 basis points hike already priced-in, the impact of today’s announcement on sterling is likely to be minimal. However, a surprise lower increase would surely generate pound weakness. Ricardo Evangelista – Senior Analyst, ActivTrades Disclaimer: opinions are personal to the authors and do not reflect the opinions of LeapRate. This is not a…

August 03, 2022 BY Steffy Bogdanova

VT Markets relaunches trading app

New features The official press release shared with LeapRate, highlighted a new feature called “Big Movers”. The new addition alerts clients on major market shifts, economic news highlights and trading opportunities in the previous 24 hours. VT Markets also noted the new “Learn” feature which provides educational content to continuously expand their trading knowledge and…

August 03, 2022 BY Steffy Bogdanova

Daily market commentary: Brent oil prices are trading almost flat, after dropping nearly 4% during the two previous sessions

Oil Brent oil prices are trading almost flat this morning, after dropping almost 4% during the two previous sessions. The price of the barrel has been coming under pressure, as fears of a recession grow in Europe and the US, and China’s Covid-zero policy continues to affect activity, creating a scenario that entails a drop…

August 02, 2022 BY Steffy Bogdanova

Dukascopy adds 405 new stock CFDs

The latest addition brings the total number of stocks and ETFs to 1046. Additionally, Dukascopy said that it is regularly expanding its list of trading instruments as per customer's requests. The announcement follows, Dukascopoy’s report of its 195% YoY increase in its net profit for the first half of 2022.

August 02, 2022 BY Steffy Bogdanova

Daily market commentary: The US dollar remains close to the lowest level in weeks

Oil Brent oil prices are falling during early Tuesday trading, continuing the movement initiated during the previous session. The release of disappointing manufacturing data reinforced the view that a recession is looming on the horizon, a scenario that entails a drop in future demand for oil. At the same time, some observers believe that the…

August 01, 2022 BY Steffy Bogdanova

Weekly data: Balance of trade and central banks ahead of the NFP

A sustained bounce seems unlikely in the runup to the NFP, but the chart also suggests some positivity. There was some follow through on the bounce from oversold and stochastic crossover around the middle of last month, with the price now still not quite overbought. Volume has increased compared to Q2’s average. The next main…

August 01, 2022 BY Steffy Bogdanova

FXSpotStream posts $64 billion ADV in July

Additionally, the ADV was 33.7% higher compared to the same period during the previous year. In July, FXSpotStream’s overall volume stood at $1.35 trillion. The numbers were 27.6% up from the $1.29 trillion, recorded in June 2022. The firm highlighted that this is the seventh month in a row to bring overall trading volume surpassing…

Category: Forex