GOLD The gold price fell yesterday as low as $1,570, breaking down the first support level of $1,590 in the process, on growing fears that central banks will buy much less gold and other precious metals in the next few years. Despite this quick descent and despite the strength of greenback seen in the last…
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Health names soar in Monday rally All three of the major US stock indices finished more than 3% up on Monday, with healthcare the best performing of the 11 sectors in the S&P 500. The sector gained 4.7%, driven by the healthcare technology and pharmaceutical sub-sectors, which gained 7.1% and 5.8% respectively. Hospital firm Universal…
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OIL Oil price is attempting a difficult rebound with WTI climbing back above $21 after sinking to a 17-year-low of $19.40 yesterday evening. Rumours about talks between Putin and Trump, will include discussions on the oil price, are giving some hope to the barrel amid a backdrop of its dramatic performance YTD that shows a…
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LR: How could ATFX (Retail) and ATFX Connect (Institutional) influence the market in 2020? Wei: Both ATFX and ATFX Connect will continue to transform the forex trading industry by providing technology-led, innovative tools to our clients. We plan to launch several new products and education services that address gaps in the market. The Forex industry is…
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Key data points Bold indicates the most important releases for this symbol. Monday 30 March, 23.30 GMT: Japanese unemployment rate (February) - consensus 2.4%, previous 2.4% Monday 30 March, 23.30 GMT: Japanese annual retail sales (February) - consensus -1.2%, previous -0.4% Tuesday 31 March, 23.50 GMT: Tankan Large Manufacturers’ Index - consensus -10, previous 0…
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What to watch Pending home sales data: On Monday, the US National Association of Realtors will report its February pending home sales figures. Economists are predicting that there will be significant pullback after a 5.2% bump in January. While the period being reported on doesn’t include the recent depths of the crisis, it may provide…
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LR: Any new sponsorship deals from your side? I remember AC Milan from last year. Tunc: We have big news on that front. We have partnered with British Premier League Legend Arsenal FC as their global forex partner since September 2019. We have a dedicated hospitality box at the Emirates stadium where we host our…
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OIL The weakness of stock markets is adding further bearish pressure on the oil price, with the WTI benchmark again approaching the psychological threshold of $20. Markets are now betting that the crisis could be relatively long, and the barrel is the perfect asset to be shorted by traders. From a technical point of view,…
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BDSwiss Group CEO, Alexander W. Oelfke commented during the meeting: 2019 was our year, we’ve seen immense growth and expansion and we couldn’t have done it without the dedication, loyalty and commitment of our global teams and partners. Our stellar performance in 2019 reinforces that we are on the right trajectory – taking full advantage…
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LR: Hi Carsten, can you let us know more about INTL FCStone’s Global Payments Network and why it is important to those in the FX sector? Carsten: The Global Payments Network (GPN) is a comprehensive intelligence portal that leverages INTL FCStone’s Global Payments Division’s relationships with global correspondent banks, regulators and other market participants around…
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