Category: Forex

Daily Market analysis
May 26, 2020 BY Valentina Kirilova

Daily market commentary: The euro is recording gains

OIL  The oil price is consolidating, while the July expiry is challenging its recent high of $34.50. The positive mood seen in the stock markets is pulling oil up with markets now revising downwards the risks from coronavirus. The current price seems to reflect that markets are viewing the risk of a second wave as…

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RoboForex
May 25, 2020 BY Steffy Bogdanova

Financial broker RoboForex adds new crypto pairs and improves trading conditions

RoboForex has also improved its conditions for trading digital currencies by significantly recuing spreads for trading cryptocurrencies on Pro-Standard accounts and decreased the commission for operations involving cryptoassets by 1.5 times on ECN ones. Denis Golomedov, Chief Marketing Officer at RoboForex, commented: We’ve added new instruments, which our clients wanted so much. Like I said…

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weekly markets analysis
May 25, 2020 BY Steffy Bogdanova

Weekly data preview: GDP around the world

Key data points Bold indicates the most important release for this symbol. Thursday 28 May, 12.30 GMT: Canadian current account (Q1) - consensus negative C$10 billion, previous negative C$8.76 billion Friday 29 May, 6.00 GMT: British annual national housing prices (May) - consensus 2.8%, previous 3.7% Friday 29 May, 12.30 GMT: Canadian annualised GDP growth…

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May 22, 2020 BY Steffy Bogdanova

IBM announces unknown number of job cuts

Last month IBM withdrew its financial forecast as software sales were affected negatively by the coronavirus pandemic. CFO James Kavanaugh talked about making structural changes in the company to improve the competitiveness of the company. Earlier in May, CEO Arvind Krishna stated that IBM would cut even 5% of the dividend. Krishna said: I believe…

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May 22, 2020 BY Steffy Bogdanova

Hong Kong shares tumble as China plans new security law

Morgan Ortagus, a State Department spokeswoman stated: Any effort to impose national security legislation that does not reflect the will of the people of Hong Kong would be highly destabilizing, and would be met with strong condemnation from the United States and the international community. Ortagus added: We urge Beijing to honor its commitments and…

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May 22, 2020 BY Steffy Bogdanova

Forex Weekly Look Back: Ban of short-selling suspended, FXCM launches Stock Baskets

Technology provider AMTS Solutions considerably expanded its range of product offerings with the launch of MetaTrader 5 gateways to dozens of liquidity providers, including prominent providers like LMAX, CFH, IG, Barclays, J.P. Morgan and Morgan Stanley. eWarrant Japan Securities K.K. launched MetaTrader 5 for Nikkei and Dow Jones indices trading. The company implemented its services…

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