Category: Forex

fxcm launches stock baskets
May 19, 2020 BY Valentina Kirilova

FXCM launches Stock Baskets

Sector Symbol YTD Change1 Monthly Volume Change2 Esports & Gaming ESPORTS +12% +221% Big US Tech FAANG +10% +176% Biotech BIOTECH +8% +201% Chinese E-Commerce CHN.ECOMM +8% +45% Chinese Tech CHN.TECH -1% -52% eMini Dow Futures US30 -19% --- Past Performance is not an indicator of future results.  1 Year-to-date (YTD) figures calculated using FXCM’s closing bid price from…

Read more
Daily Market analysis
May 19, 2020 BY Valentina Kirilova

Daily market commentary: COVID-19 vaccination rumours diminishing investors’ appetite for safe haven assets

EUROPEAN SHARES  Benchmarks in Europe are struggling to extend yesterday’s gains, which was sparked by optimism about a possible vaccine against Covid-19. However, yesterday’s euphoria is now nuanced by today’s uncertainty as investors brace themselves for the Fed Chairman Jerome Powell’s speech, which will provide them with more clues on the state of the recovery…

Read more
Skilling gets new licence
May 19, 2020 BY Steffy Bogdanova

Forex and CFD broker Skilling secures FSA Seychelles licence

André Lavold, CEO of Skilling Group, commented: The acquisition of the prestigious Seychelles licence is a very important milestone for our global expansion. Since our launch in Europe last year, we proudly witnessed a high demand for our product. We have worked continuously in the past 12 months to make our trading platform even faster…

Read more
weekly markets analysis
May 18, 2020 BY Valentina Kirilova

Weekly data preview: more stimulus in view from the Fed

Key data points Bold indicates the most important release for this symbol. Tuesday 19 May, 20.30 GMT: API crude oil stock change: previous 7.6 million Wednesday 20 May, 14.30 GMT: EIA crude oil stock change: previous negative 750,000 Friday 22 May, 17.00 GMT: Baker Hughes Oil Rig Count: previous 258 Euro-pound, daily The upside seems…

Read more
May 18, 2020 BY Steffy Bogdanova

Asset prices could drop significantly if pandemic deepens Fed warns

The massive global shutdown of the economy caused uncertainty and volatility in the financial market generating dramatic swings in stock prices. The Fed flooded the financial system with liquidity which settled the markets down but there are still risks. Federal Reserve Chairman Jerome Powell said: Additional fiscal support could be costly, but worth it if…

Read more