financial market

The world of foreign exchange, more commonly known as Forex, is a dynamic and intricate marketplace where currencies are traded globally. At the helm of this vast financial ecosystem are Forex brokers, playing a pivotal role in facilitating transactions and providing a gateway for traders to navigate the turbulent waters of the currency market. Understanding the Forex Broker: A Key Player in the Market A Forex broker acts as an intermediary between retail traders and the interbank forex market. Essentially, they link buyers with sellers and vice versa, executing trades on behalf of their clients. While the concept may seem straightforward, the significance of a Forex broker in the trading process cannot be overstated.   The Forex Broker's Functionality: More Than Just a Middleman 1. Execution of Trades One of the primary functions of a Forex broker is to execute trades swiftly and efficiently. With the click of a button, traders can buy or sell currency pairs, ca

Ukrainian IBOX BANK increases the amount of its authorized capital and becomes a second-tier bank

Ukrainian IBOX BANK increases the amount of its authorized capital and becomes a second-tier bank

Finance Press Release Finance Press Release 28.04.2022 08:35
The Committee on Supervision and Regulation of Banks and Payment Systems of the National Bank of Ukraine confirmed the implementation of all economic standards by IBOX BANK, which allow the financial institution to become a second-tier bank. This information was published after the approval of the new edition of the charter of IBOX BANK by the National Bank. The charter was updated in connection with the increase of the authorized capital to the amount of UAH 741 million. Over the past few years, IBOX BANK's assets have grown almost fourfold "Despite the war, the bank capitalizes all income and becomes a second-tier bank. By making such investments we contribute to the stability of Ukraine's economy in the conditions of a military state. By choosing a proper sequence of implementation of our strategy and scaling we are able to show significant growth in all major indicators. Over the past few years, IBOX BANK's assets have grown almost fourfold, which contributed to the growth and transformation into a medium-sized bank," said Alona Shevtsova, shareholder and Chairman of the Supervisory Board of IBOX BANK. Read next: Zuckerberg Didn't Shock Market! Meta Platforms Inc. (FB) Q1 Earnings Announcement Expected Whilst GlaxoSmithKline (GSK) Delivers Favorable Figures | FXMAG.COM Such an increase in the authorized capital of IBOX BANK confirms the unwavering faith of shareholders in the economy of Ukraine On February 28, 2022, the shareholders of IBOX BANK invested more than 500 million UAH in order to support the development of the bank. Such an increase in the authorized capital of IBOX BANK confirms the unwavering faith of shareholders in the economy of Ukraine, and the stability of the banking system, which will become the backbone of the country's renewal after Ukraine's victory over the army of the invader. The shareholders of IBOX BANK believe in Ukraine and in our victory over the enemy," said Petr Melnyk, Chairman of the Board of IBOX BANK "Despite the open military aggression against Ukraine, as well as a wide range of military actions, IBOX BANK conducts full-fledged activities in extremely difficult conditions. The shareholders of IBOX BANK believe in Ukraine and in our victory over the enemy," said Petr Melnyk, Chairman of the Board of IBOX BANK. Read next: Meme coins: (SHIB) What Is Shiba Inu Token? Shiba Inu Coin Price. What Makes This Altcoin So Special? Clever Methods Used To Give High Crypto Returns | FXMAG.COM IBOX BANK has been operating in the Ukrainian financial market since 1993. Already by the end of 2021, the National Bank of Ukraine named IBOX BANK one of the most profitable banks in Ukraine. Over the past year, the loan and investment portfolio showed an increase of 67%, while the balance sheet capital increased by 136%. As a result, all financial indicators increased by 378% at the end of last year (compared to 2020). We would like to remind the audience that last year IBOX BANK continued to expand its branch network, and offered new card products, including solutions developed with Moneyveo. Apple Pay, Google Pay, and Garmin Pay contactless payments have been launched together with Visa. In December 2021, IBOX BANK launched a mobile application for smartphones on Android and iOS.
Australian CPI Expected to Rise to 5.2%: Impact on AUD/USD and RBA's Rate Hike Dilemma

US Dollar (USD) Continues To Trump The EUR, BoE Expected To Increase Interest Rates, SNB Remains Dovish, South African Rand (ZAR) Performance

Rebecca Duthie Rebecca Duthie 29.04.2022 09:52
Summary: The US Dollar strengthens further. EUR/GBP investor sentiment has not changed regardless of the BoE’s expected announcement on interest rates. CHF weakens due to SNB dovish approach to monetary policy. A short look into the ZAR. The Euro has spent the past week trying to recover against the USD. Over the past week the Euro has been weakening against the USD. This comes from the continuous strengthening of the US Dollar, the hawkish Federal Reserve Bank (Fed) ended last week announcing they would push interest rates up for the 7th consecutive week in their fight against inflation. The Euro has been struggling to fight against the strengthening USD, the European Central Bank (ECB) has not tightened their monetary policy to fight inflation, because of the risk averse sentiment of investors in the current market, many are fleeing the Euro and turning to the stronger USD. However, since the market opened this morning, the EUR has slightly strengthened against the USD, whether or not this will continue is uncertain, the market sentiment is mixed for this currency pair. EUR/USD Price Chart Read next: Euro (EUR) Continues To Weaken Against The US Dollar (USD), Euro Under Pressure Amidst Russia’s Decision To Tighten Gas Supplies. GBP Strengthens Against the JPY.  GBP Weakens against the EURO during the past trading week. Since the market opened this morning, market sentiment for this currency pair is bullish, this means that investors are expecting the EUR to strengthen against the GBP. Over the past week, the overall trend is showing the EURO strengthening against the GBP, however, the rise of the EUR has not been smooth, the chart below shows the volatility this currency pair has felt this week. The Bank of England (BoE) is expected to announce a rise in interest rates on Thursday in the fight against inflation, perhaps the GBP will start to see some strengthening against the EURO. EUR/GBP Price Chart Swiss National Bank As of the market open this morning the CHF has strengthened against the USD, however, the market sentiment for this currency pair is showing bullish signals. Over the past week the USD has been strengthening consistently against the CHF. As the Fed continues their hawkish approach to the fight against inflation through tightening monetary policy, the US Dollar continues to trump most of its currency counterparts. The Swiss National Bank (SNB) believes this rise in inflation is only temporary and continues to stand by their loose monetary policy stance. USD/CHF Price Chart South African Rand (ZAR) weakens against the USD. The ZAR is the National Currency of South Africa and is used by Swaziland, Namibia and Lesotho, in general the ZAR tends to strengthen when investors are willing to take on more risk in developing countries' economies. Given the current economic pullback, the ZAR has been weakening against the current aggressively strengthening US Dollar. USD/ZAR Price Chart Read next: EUR/USD Drops Below 1.07?!, GBP Weakens Against the EUR For The Third Consecutive Month, SNB Showing No Sign Of Tightening Monetary Policy  Sources: Finance.yahoo.com, poundsterlinglive.com, dailyfx.com.
(HOOD) Can Robinhood Recover From Their Q1 Earnings Announcement ?!

(HOOD) Can Robinhood Recover From Their Q1 Earnings Announcement ?!

Rebecca Duthie Rebecca Duthie 03.05.2022 14:02
Summary: Robinhood company to continue to see poor numbers? Earnings announcement affected the stock price further. The financial services company saw a 10% drop in users this quarter, putting strain on their payment for order flow business model. Over the past month the share price of Robinhood Markets, Inc. has seen a negative outlook. Investors believe that the future outlook for the company’s stock is not looking positive. The earnings announcement reflected a 43% decrease in revenues, this quarter marks the fourth consecutive quarterly revenue drop. The financial services company saw a 10% drop in users this quarter, putting strain on their payment for order flow business model. Read next: (TWTR) Twitter Share Price Down After Musk Takeover Gets Approved.  The financial services company announced that it would cut its workforce by 9% in an attempt to reach profitability by the end of the year. The financial services company announced that it would cut its workforce by 9% in an attempt to reach profitability by the end of the year. This is a clear indication to investors that Robinhood is under financial strain. On the 28th April Robinhood announced their first quarter earnings results to the market, it became clear that the company, like most other companies, has been dented by the current economic conditions in the post-covid world in the middle of a war in Europe. Robinhood lists cryptocurrencies on their exchange, however this platform has not seen the numbers that were expected, dropping 39% in relation to the previous year. With investors switching to more economical platforms, Robinhood is struggling to keep up with the competition. HOOD Price Chart Read next: Exxon and Chevron Earnings Announcements Has Little Effect on Brent Crude Oil Prices, Bullish Market Sentiment For Cotton and Gold Prices Rise Again  Sources: Finance.yahoo.com
Trade Zone Week Ahead: Morning Market Insight, with Stuart McPhee

Trade Zone Week Ahead: Morning Market Insight, with Stuart McPhee

8 eightcap 8 eightcap 24.05.2022 22:00
Welcome trader, property investor, and bestselling author Stuart McPhee as he delivers his first Trading Week Ahead Live of June. Join him this coming Monday, as he starts the week by summarising the state of the markets in Forex, Indices, and Commodities. Then shares his perspective on potential trade ideas and opportunities in play for the coming week.  JOIN THIS WEDNESDAY’S LIVE MARKET UPDATE | 1st June 2022! Would like you to receive more support and guidance around your trading activity? Then Join Stuart and the rest of the Trade Zone community this coming Wednesday at 7PM AEST (10AM BST). Watch as he gives you his first mid-week Live Market Update of the Month. Revisiting the weeks earlier trade ideas from Monday’s Trading week Ahead, Stuart updates his insight about the moves and progression that have been made and shares his beliefs in the market as we approach the weekend. Register Now At the end of the session, there will be a live Q&A for you to ask all your market, strategy, and trade-related questions and get the answers needed to unlock the secrets to trading CFDs. The Trade Zone is the perfect place to get the help and support you need to improve your skills and understanding of the financial markets. So join the Eightcap Trade Zone this week as we explore the markets together, and please remember to trade safely! The post Trade Zone Week Ahead: Morning Market Insight, with Stuart McPhee appeared first on Eightcap.
Trade Zone Week Ahead: Morning Market Insight, with Stuart McPhee - 02.06.2022

Trade Zone Week Ahead: Morning Market Insight, with Stuart McPhee - 02.06.2022

8 eightcap 8 eightcap 02.06.2022 01:00
Join trader, property investor, and bestselling author Stuart McPhee as he delivers his first Trading Week Ahead Live of June. Watch him as he starts off the week by summarising the state of the markets in Forex, Indices, and Commodities. Then prepare yourself as he shares potential trade ideas and opportunities in play for the coming week.  JOIN THIS WEDNESDAY’S LIVE MARKET UPDATE | 8th June 2022! Would you like help to understand the reasons behind the moves made in this week’s markets? Join Stuart and the rest of the Trade Zone community on Wednesday 8th June, at 7PM AEST (10AM BST). Watch as he gives you his first mid-week Live Market Update of the Month. Revisiting the week’s earlier trade ideas from Monday’s Trading week Ahead, Stuart updates his insight, breaking down the developments and moves made, and predicts what may happen as the weekend approaches. Register Now At the end of the session, there will be an opportunity to direct all your market, strategy, and trade-related questions to the expert in a live Q&A. Get the answers needed to trade CFDs. The Trade Zone is the perfect place to get the help and support you need to improve your skills and understanding of the financial markets. So come join Eightcap and Stuart McPhee this week on the Trade Zone as we explore the markets together – Please remember to trade safely! The post Trade Zone Week Ahead: Morning Market Insight, with Stuart McPhee appeared first on Eightcap.
Why do we voluntarily disclose our clients' loss ratios?

Why do we voluntarily disclose our clients' loss ratios?

Purple Trading Purple Trading 03.06.2022 09:12
Why do we voluntarily disclose our clients' loss ratios? Why rather click on an ad from a brokerage firm that states that 70% of their clients' accounts are loss-making than an ad from a broker that does not disclose this statistic at all? Come with us to delve into the ins and outs of broker licensing and learn what protections you are legally entitled to as a client. Broker's licence The operation of a brokerage company involves many minor acts anchored in legislation. From the operation of the broker as a firm with employees; arranging the opening of client accounts to handling client deposits and managing the online platform through which clients trade. For all of this, a broker needs a license. While this can be issued by almost any state authority, licences of some states are more desirable than that of others. And that is due to variety of reasons. Licenses issued in so-called offshore states allow brokers to provide their clients with very attractive trading conditions. For example, the financial leverage that allows a client to multiply his or her trading position and with it also potential earnings (as well as losses) can often go as high as 1:1000 for offshore licenses. However, when it comes to client protection, offshore licenses fall somewhat short. Client protection takes many forms and one of them is the wording of the mentioned disclaimer. Thus, if you see a disclaimer below the image of an advertisement that does not state the percentage of loss but only somewhat vaguely warns of the potential risk, it is very likely that the broker to whom the advertisement belongs has an offshore license. Image: Purple Trading banner ad (see disclaimer below the button) What is a disclaimer The short phrase "XY% of client accounts lose money" and its other small permutations, which you can see for example under our online advertisements, are part of the so-called disclaimer. The disclaimer takes many forms, from a single sentence under a banner ad on Facebook to a multi-paragraph colossus in the footer of the broker's website. The purpose of the disclaimer is simple - to highlight, to those interested in trading on financial markets, the potential risks of this activity and to disclaim broker’s responsibility for their client’s eventual failure. However, the overall message of the disclaimer might be written differently. Because sometimes we see loss percentages under the advertisement of Broker A, while Broker B's disclaimer merely tells us that trading is risky. No percentage, nothing more. Image: Sample of a shorter disclaimer on the broker's page Offshore vs EU license The European Union's legal environment is characterized by a much stricter regulatory approach. This applies to the control of pharmaceuticals, and foodstuffs, but also, for example, to the control of brokerage companies. This sector is dealt with by ESMA (European Securities and Markets Authority), to which the regulators of all countries within the EU have to answer (including the regulator of Purple Trading, the Cypriot CySEC). It is ESMA that takes it upon itself to protect consumers (in this case, investors and retail traders in the financial markets). And it does so in all sorts of ways. The aforementioned client account loss ratios on brokers' marketing materials are one of them.   Other ESMA protections include:   Reduced financial leverage Financial leverage is the ratio of the amount of capital a trader puts into an account to the funds provided by the broker. In simple terms, it is essentially borrowed capital from the broker, which is not reflected in the balance of money in your account, but allows you to trade a greater volume of transactions than you could with your own money. More experienced traders can use leverage to increase their profits many times over. However, as well as profits, leverage also multiplies losses, so less-experienced traders should be wary of using leverage generously. That's also why ESMA capped leverage limit for retail clients at 1:30 in 2018, and higher leverage (up to 1:400) can only be provided by brokers to clients who have met a number of strict criteria to qualify as a so-called Professional Client.   Protection against negative balance A key aspect of client protection. If a client's trade that he had "leveraged" fails and the multiplied loss puts him in the red, the broker will pay the entire amount that is "in the red" from his pocket. Thus, the client can never lose more money than he has deposited in his account and consequently become a debtor. Negative balance protection is compulsory for all brokers operating in the EU. It is not compulsory for offshore brokers, which, combined with the high leverage offered there, can lead to very unfortunate situations.   Segregation of client deposits Forex and online trading, in general, has come a long way since its beginning in 2008. Especially in the early days, the online trading environment was highly unregulated and it was not uncommon for brokers to use capital from client deposits to fund their operations. More than that, there were also cases where the client’s capital was outright misused to enrich a select few. Brokers operating in the EU are obliged to secure clients’ funds in many ways. One is depositing client capital in accounts segregated from the capital brokers use to finance their operations. What if the broker fails to provide his clients with these guarantees? Brokers subject to such strict regulatory authorities as CySEC (cypriot based regulator under ESMA) must undergo regular audits. As part of these audits, the regulator monitors whether all the measures resulting from the licence granted by the regulator are being complied with. Should this not be the case, the broker is usually subject to a hefty fine and often even the suspension of its licence. This means that broker cannot really afford not to comply with the client protection principles of the EU regulatory environment. Conclusion Voluntary disclosure of client account loss rates under broker advertisements may seem odd. However, it is a positive signal that lets you know that the broker in question is highly regulated. Therefore, if you choose to trade with them, you are protected by a number of legislative regulations that the broker will not dare to violate. See which EU broker has the best disclaimer number
Trade Zone Week Ahead: Morning Market Insight, with Stuart McPhee - 06.06.2022

Trade Zone Week Ahead: Morning Market Insight, with Stuart McPhee - 06.06.2022

8 eightcap 8 eightcap 05.06.2022 20:00
Join trader, property investor, and bestselling author Stuart McPhee as he delivers his first Trading Week Ahead Live of June. Watch him as he starts off the week by summarising the state of the markets in Forex, Indices, and Commodities. Then prepare yourself as he shares potential trade ideas and opportunities in play for the coming week. JOIN THIS WEDNESDAY’S LIVE MARKET UPDATE | 8th June 2022! Would you like help to understand the reasons behind the moves made in this week’s markets? Join Stuart and the rest of the Trade Zone community on Wednesday 8th June, at 7PM AEST (10AM BST). Watch as he gives you his first mid-week Live Market Update of the Month. Revisiting the week’s earlier trade ideas from Monday’s Trading week Ahead, Stuart updates his insight, breaking down the developments and moves made, and predicts what may happen as the weekend approaches. Register Now At the end of the session, there will be an opportunity to direct all your market, strategy, and trade-related questions to the expert in a live Q&A. Get the answers needed to trade CFDs. The Trade Zone is the perfect place to get the help and support you need to improve your skills and understanding of the financial markets. So come join Eightcap and Stuart McPhee this week on the Trade Zone as we explore the markets together – Please remember to trade safely! The post Trade Zone Week Ahead: Morning Market Insight, with Stuart McPhee appeared first on Eightcap.
Trade Zone Week Ahead: Morning Market Insight, with Stuart McPhee - 09.06.2022

Trade Zone Week Ahead: Morning Market Insight, with Stuart McPhee - 09.06.2022

8 eightcap 8 eightcap 09.06.2022 01:30
Join Stuart McPhee, trader, property investor, and bestselling author, as he gives you his Trading Week Ahead Live for the week. Watch him as he starts off the week by summarising the state of the markets in Forex, Indices, and Commodities. Then prepare yourself as he shares potential trade ideas and opportunities in play for the coming week.  JOIN THIS WEDNESDAY’S LIVE MARKET UPDATE | 15th June 2022! Are you tired of analysing the market alone? Would you like to know how the market is taking shape this week? Register for Stuart’s mid-week Live Market Update. Join him on Wednesday 15th June, at 7PM AEST (10AM BST) as he looks back at the earlier market activity and opportunities since his Trading week Ahead. Stuart will then break down the developments and moves made and provide further insight on what may happen as the weekend approaches. Register Now At the end of the session, you will have the opportunity to direct all your market, strategy, and trade-related questions to the expert in a live Q&A. Learn what you need to trade CFDs safely. The Trade Zone is the perfect place to get the help and support you need to improve your skills and understanding of the financial markets. So come join Eightcap and Stuart McPhee this week on the Trade Zone as we explore the markets together – Please remember to trade safely! The post Trade Zone Week Ahead: Morning Market Insight, with Stuart McPhee appeared first on Eightcap.
Trading Week Ahead Live with Stuart McPhee

Trading Week Ahead Live with Stuart McPhee

8 eightcap 8 eightcap 12.06.2022 00:30
Join Stuart McPhee, trader, property investor, and bestselling author, as he gives you his Trading Week Ahead Live for the week. Watch him as he starts off the week by summarising the state of the markets in Forex, Indices, and Commodities. Then prepare yourself as he shares potential trade ideas and opportunities in play for the coming week.  JOIN THIS WEDNESDAY’S LIVE MARKET UPDATE | 15th June 2022! Are you tired of analysing the market alone? Would you like to know how the market is taking shape this week? Register for Stuart’s mid-week Live Market Update. Join him on Wednesday 15th June, at 7PM AEST (10AM BST) as he looks back at the earlier market activity and opportunities since his Trading week Ahead. Stuart will then break down the developments and moves made and provide further insight on what may happen as the weekend approaches. Register Now At the end of the session, you will have the opportunity to direct all your market, strategy, and trade-related questions to the expert in a live Q&A. Learn what you need to trade CFDs safely. The Trade Zone is the perfect place to get the help and support you need to improve your skills and understanding of the financial markets. So come join Eightcap and Stuart McPhee this week on the Trade Zone as we explore the markets together – Please remember to trade safely! The post Trading Week Ahead Live with Stuart McPhee appeared first on Eightcap.
The movie that changed futures trading once and for all

The movie that changed futures trading once and for all

Purple Trading Purple Trading 14.06.2022 08:01
The movie that changed futures trading once and for all There is more than dozen of films about financial markets. However, there is only one that had such an impact that it led to a legislative change in the commodity futures market. Which movie are we talking about and what changes it introduce in regards to commodity trading? Read on! Holywood’s fascination with financial markets Holywood is no stranger to depicting the world of financial markets. The subject became particularly attractive in the 1980s, when it became clear that market capitalism was more viable economic model than central planning of the Eastern Bloc, resulting in many films set in the stock market environment, majority of which focusing on Wall Street. However, only one of these films has managed to leave a mark in the memory of viewers as well as in law textbooks. Trading Places - a probe into the world of commodity trading Brothers Mortimer and Randolp Duke are bored billionaires who own a commodities trading brokerage firm. One day, as a part of somewhat cynical bet, they decide to swap the lives of a young and promising businessman, Louis Winthorpe III (Dan Aykroyd), and a street hustler, Billy Ray Valentine (Eddie Murphy). They want to crush the dreams of the former while helping the latter to become familiar in the world of financial markets. From today's perspective, the film is a unique probe into the workings of the financial markets before they were heavily computerised. In addition to the brilliant scenes in which are the Duke brothers explaining to Billy Valentine how commodities trading works, we also get a glimpse behind the scenes at the New York Board of Trade, where commodities are traded (climactic trading scenes were actually filmed there). The bulk of the plot and the main storyline then revolves around the trading of Frozen Concentrated Orange Juice (FCOJ), specifically the futures contracts of this commodity. Eddie Murphy rule   This rule, officially titled "Section 136 of the Dodd-Frank Wall Street Transparency and Accountability Reform and Consumer Protection Act, under Section 746" (but commonly referred to as "the Eddie Murphy rule"), prohibits the misuse of internal government information for the purpose of trading in the commodities markets. No one likes spoilers, so if you haven't seen this movie, we won't give away the plot and the denouement of the final scene of the entire movie. We'll just mention that shorting of FCOJ futures plays an important role here. In fact, so important, that this scene is reportedly often reference by traders on the New York Stock Exchange. Figure 1: The final scene of the film that initiated the inception of "Eddie Murphy rule" (source IMDb.com) Trading FCOJ futures today Although nowadays you don't see crowded rooms full of white collar men and women trying to buy low and sell high, FCOJ futures trading still exists. The only main difference is that rooms and phones have been replaced by computer screens and cubicles. Also, virtually anyone can trade today. If you are interested in trying out CFD trading of FCOJ futures, at Purple Trading we have recently introduced this instrument to our trader platforms. Just like our heroes of Trading Places, you can short (and long) and potentialy profit from both favourable and unfavourable market situations. The only difference is that you won't be able to use government information to do so, because Eddie Murphy Rule wouldn't allow you to.
Trading Week Ahead Live in Partnership with ForexAnalytix ‘The Flow Show’ - 14.07.2022

Trading Week Ahead Live in Partnership with ForexAnalytix ‘The Flow Show’ - 14.07.2022

8 eightcap 8 eightcap 14.07.2022 14:45
Join us for the penultimate episode of our Trading Week Ahead Live, in partnership with the ForexAnalytix, as we look to finish off the month strongly and deliver more expert live market analysis. Watch Ryan Littlestone, market expert, Managing Director, and host of the ForexAnalytix ‘The Flow Show’, as he takes you through the news and moves from the Asian and early European sessions, and continues to help you to plan for the upcoming week.  JOIN US THIS WEDNESDAY FOR OUR PENULTIMATE LIVE MARKET UPDATE OF THE MONTH | 20th July 2022! Secure your place to see how an expert prepares for the week’s market activity! Join Ryan as ForexAnalytix’s ‘The Flow Show’ continues to take control of the Eightcap Trade Zone and provide you with his penultimate mid-week Live Market update of the month. Watch his 30-45 minute live stream on Wednesday 13th July at 7.30PM AEDT (10.30AM BST), as he explores the news and moves, seeks trade ideas, and analyses the market progress since Monday’s Trading Week Ahead. Set a Reminder The Eightcap Trade Zone is the perfect place to get the help and support you need to improve your skills and understanding of the financial markets. So come join Eightcap and ForexAnalytix this month on the Trade Zone as we explore more of the markets together – Please remember to trade safely! The post Trading Week Ahead Live in Partnership with ForexAnalytix ‘The Flow Show’ appeared first on Eightcap.
Investors? Bulls? Bears? These Series Are Linked To Finances

Investors? Bulls? Bears? These Series Are Linked To Finances

Purple Trading Purple Trading 15.07.2022 14:23
5 must-watch series from the world of finance With the boom of streaming services, investors are presented with often exciting opportunities. But today, we'll try to move away from looking at the world through the eyes of an investor and focus more on the content that streaming services offer. More accurately, we will take a look at the series that can be found on these platforms. But don’t worry, we won’t get too far from our beloved world of finance either. Financial world has always been an attractive subject not only for Hollywood screenwriters. Classics such as Wall Street (1986) and Wolf of Wall Street (2013) have not only grossed millions of dollars world-wide but even managed to convince many viewers into starting their own careers in finance. However, with the rise of streaming services, finance has also taken centre stage for a number of series. Some of the most well-known are the HBO-produced series Billions (2016) and Succession (2018). Today, let's take a look at a few lesser-known, but definitely not inferior series from the world of finance that are simply a must-watch. Devils (Sky, 2020) - a probe into investment bank’s speculation during global crises Produced by Italian broadcaster Sky, Devils is one of the most interesting European series in years. The plot follows Massimo Ruggero, who has risen from rags to riches as a head of the trading desk of the New York London Investment Bank (strikingly reminiscent of Goldman Sachs).   Massimo and his team speculate on the financial markets during the biggest events of the last 12 years. This gives viewers an insight into the behaviour of investment banks during the mortgage crisis, the Greek debt crisis and the Brexit vote, for example. The series is enriched with real time footage of international financial institutions meeting, mixing fiction with reality.   The second season premiered a few months ago and is of equal quality. With the main roles being masterfully played by Alessandro Borghi (known from the Suburra series and the film) and Patrick Dempsey (known from the Surgeons series).     Industry (HBO, 2020) - a series written by the bankers themselves Industry provides a grim and realistic look at what it's like to start a professional career in the financial sector in the heart of London. Here we follow a group of young bankers as they are trying to work their way up to a full-time position at one of London's investment banks, having to navigate this cutthroat and competitive environment as quick as possible.   The series captures well how depressing a given career can be and partially subverts any standards that may have been ingrained by titles such as Wall Street or Billions, taking off the rose-colored glasses of the viewer. Industry simply shows how challenging and competitive a career in finance can be.   As we watch the story of two main protagonists, experiencing their first successes and failures we simply have to wonder - will the desire for success and money prevail, or will the young bankers realise that there is more to life than the pursuit of money? The series, created by two former bankers, has completed its first season, with a second to follow later this year (2022).     Black Monday (Showtime, 2019) - when crisis meets satire   Welcome to the 1980s! A decade full of extravagant hairstyles, clothes and one of the biggest stock market crises in history. We're talking about "Black Monday", a single day in October 1987 during which world stock indices fell by tens of percent. As bleak as it might sound, Black Monday is the most light-hearted series on this list.   The series follows a group of traders from a second-rate Wall Street firm called the Jammer Group and uses satire and fiction to reveal the events that led to the aforementioned stock market crash. Don Cheadle, known from the Avengers franchise, stars in the lead role. The series ended after three seasons, all of which are currently available on HBO.   The Dropout (Hulu, 2022) - based on true events Enron, Worldcom and Theranos. Three of the biggest investor scams in decades. The Dropout series follows the story of Theranos - a company that promised to revolutionize blood testing. Founder Elizabeth Holmes managed to create an aura of success around herself and Theranos, fooling the biggest investment banks and the most famous investors. The company's market capitalization gradually climbed to $9 billion, which was almost unbelievable given the lack of a fully functional product.   The series reveals the rise and fall of the company and its founder, who went from being a female copy of Steve Jobs to an outlaw. However, If you're not too keen on dramatization of real events, we recommend watching the HBO documentary The Inventor: Out for blood in Silicon Valley. It also deals with this topic.   WeCrashed (Apple TV+, 2022) - when the marketing strategy goes too far   Investors who have followed the events of the US stock markets in recent years will immediately know that behind the title of this series lies the story of WeWork, a company that operates a network of co-working offices around the world. However, comparing WeWork to Theranos would be rather harsh, but there are several similarities.   The company's founder, Adam Neumann, has used a great marketing strategy to attract several major investors, most notably Softbank founder Masayoshi Son. Investors then valued the company at a hard-to-believe $47 billion ahead of its planned IPO. As the title of the series suggests, things did not go quite as planned. You can look forward to seeing well-known actors Jared Leto and Anne Hathaway in the lead roles.   Are you tempted by the world of stocks and even more so by shorting them?   At Purple Trading, you now have the opportunity to speculate on the rise and fall of more than 100 of the world's most famous companies and ride the current trend. And if you don’t feel like risking your own money, you can try it with virtual ones on our free demo account.  
Trading Week Ahead Live in Partnership with ForexAnalytix ‘The Flow Show’ - 18.07.2022

Trading Week Ahead Live in Partnership with ForexAnalytix ‘The Flow Show’ - 18.07.2022

8 eightcap 8 eightcap 17.07.2022 14:45
Join us for the penultimate episode of our Trading Week Ahead Live, in partnership with the ForexAnalytix, as we look to finish off the month strongly and deliver more expert live market analysis. Watch Ryan Littlestone, market expert, Managing Director, and host of the ForexAnalytix ‘The Flow Show’, as he takes you through the news and moves from the Asian and early European sessions, and continues to help you to plan for the upcoming week.  JOIN US THIS WEDNESDAY FOR OUR PENULTIMATE LIVE MARKET UPDATE OF THE MONTH | 20th July 2022! Secure your place to see how an expert prepares for the week’s market activity! Join Ryan as ForexAnalytix’s ‘The Flow Show’ continues to take control of the Eightcap Trade Zone and provide you with his penultimate mid-week Live Market update of the month. Watch his 30-45 minute live stream on Wednesday 13th July at 7.30PM AEDT (10.30AM BST), as he explores the news and moves, seeks trade ideas, and analyses the market progress since Monday’s Trading Week Ahead. Set a Reminder The Eightcap Trade Zone is the perfect place to get the help and support you need to improve your skills and understanding of the financial markets. So come join Eightcap and ForexAnalytix this month on the Trade Zone as we explore more of the markets together – Please remember to trade safely! The post Trading Week Ahead Live in Partnership with ForexAnalytix ‘The Flow Show’ appeared first on Eightcap.
What Is Going On Financial Markets Today? Russia Will Not Resume Deliveries Of Gas

What Is Going On Financial Markets Today? Russia Will Not Resume Deliveries Of Gas

Saxo Bank Saxo Bank 05.09.2022 10:57
Summary:  Markets were spooked late Friday by news that Russia would not resume gas flows through the Nord Stream 1 pipeline, pressuring the outlook for the European economy as governments grapple with soaring energy costs and scramble to cap prices and ration power to get through the upcoming winter. The euro weakened toward the cycle low versus the US dollar and equities tumbled. Today, US markets are closed for Labor Day.   What is our trading focus? Nasdaq 100 (USNAS100.I) and S&P 500 (US500.I) US equities actually rallied on Friday in the wake of the US jobs report, likely as US treasury yields moved lower in the wake of the data after a recent march higher in yields that had clearly pressured equity market sentiment. But later in the session the Russian pipeline news in Europe spooked sentiment and equities reversed lower, trading not far from the lows of the cycle ahead of the three-day-weekend (no cash session today in the US due to Labor Day holiday). The focus in the S&P 500 is the key support just above 3,900, the last notable area ahead of the June lows, and similarly the Nasdaq 100 focus is on the recent 12,000 area lows. Hong Kong’s Hang Seng (HSIQ2) and China’s CSI300 (03188:xhkg) Hong Kong and mainland China stocks retreated, Hang Seng Index -1.3%, CSI300 -0.4%. A Bloomberg report, citing people familiar with the matter, said that the Biden administration is considering to impose restrictions over US investments in Chinese technology companies. In addition, the U.S. Trade Representative said that it received requests from more than 350 American companies to plead for keeping the “Section 301” tariff on goods imported from China.  Chengdu, the largest city in western China, extended its pandemic control lockdown for another three days. BYD (01211:xhkg) fell 5.4% as exchange filing showed that Berkshire Hathaway sold 1.72 million BYD shares on Thursday, trimming its stake further down to 18.87% from 19.02% of BYD’s H-shares. August Caixin China Services PMI came in at 55.0, edging down slightly from 55.5 in July but above market expectations.  USD as outlook for Europe darkens further The US dollar traded in choppy fashion on Friday but was generally weakening as US treasury yields pushed lower in the wake of the US jobs data. But US yields were thrown from the driver’s seat in favour of risk sentiment, which soured badly on the news that Russia will not resume deliveries of gas through a key pipeline. The risk-off took EURUSD back lower and to new lows for the cycle today below 0.9900 as Europe suffers the fallout from the darkening outlook on energy/power that ECB rate tightening can do nothing to address. Elsewhere, GBPUSD plunged to a new low below 1.1500. Focus this week may intensify on China, as USDCNH held relatively steady last week but jumped to new highs today well above the former 6.93 high. JPY crosses as US treasury yields push lower USDJPY was capped after another run higher on Friday as US treasury yields pushed back lower after the US jobs report and then sharply lower still in reaction to the Russian pipeline news in Europe. But the USDJPY pair remains above the 140.00 level, elsewhere in JPY crosses, the drop in yield brought some more sustained relief for the JPY in the crosses as EURJPY reversed sharply back below 140.00 and even AUDJPY was capped after a poke toward the cycle highs on Friday. JPY crosses are likely to remain a proxy for global sovereign bond yields. EU gas and power prices open sharply higher ... after Gazprom on Friday announced the Nord Stream pipeline will remain shut indefinitely. While an oil leak at the last compressor unit still in operation was used as explanation, the surprise decision came shortly after the G7’s announcement to initiate a price cap on Russian oil. The energy war has therefore escalated further, and Europe look set to lose around 30 mcm/d or 4% of its gas supply. While storage levels across the Euro area have grown rapidly in recent weeks due to surging imports of LNG, the prospect for rationing and further initiatives to curb demand for gas and power prices will be the focus this week. In addition, demand destruction from soaring prices has already lowered demand, but more is needed, especially if the winter turns out to be a cold one. Dutch TTF gas (TTFMV2) down 37% to €215/MWh last week on assumption supply would return jumped by around 30% on the opening to trade around €280/MWh. Crude oil (CLV2 & LCOX2) Crude oil reversed higher on Friday following a three-day drop of close to 12 dollars, and the recovery has continued today and is being led by a 4% jump in diesel prices, both in New York (HEATINGOILOCT22) and Europe (GASOILUKSEP22) as the European energy crisis adds further support to gas-to-fuel switching activity. In addition, OPEC+ meets later today in is expected to make no change, but the market is wary following a recent Saudi comment about cutting supply to stabilize then falling prices. An in-theory price bearish G7 plan to cap prices on Russian oil could turn into a “bullish shock” according to Goldman Sach as Russia, just like it has done with gas, may halt shipments to Europe and other Nato buyers. Focus on today’s OPEC+ meeting, China lockdowns hurting demand, gas-to-fuel switch boost to diesel and Wednesday’s Short-Term Energy Outlook from the EIA. US Treasuries (TLT, IEF) The run-up in US treasury yields last week was reversed in the wake of the US jobs report Friday, perhaps as the report failed to show any new aggravated rise in earnings. The move lower was cemented by an ugly turn lower in risk sentiment in the wake of the Russian natural gas pipeline news. Still, it will take a move back below 3.10-3.00% in the US 10-year yield benchmark to suggest that this run up from the 2.50% area lows of early August is turning more firmly back lower. The upside focus is on 3.50%, should the 3.25% area sticky point of last week fall. What is going on? Russia announces it will not resume deliveries of natural gas through the Nord Stream I pipeline Russian sources claimed a leak was found in the pipeline, although Germany’s Siemens disputed that claim as it is fairly obvious that Russia is using natural gas deliveries as a tool of economic war.The news broke already on Friday and sent risk sentiment plunging across global markets, taking the EURUSD to new cycle lows on Monday below 0.9900 and sending longer yields lower globally. Moderate cooling of the U.S. labor market In August, the U.S. economy added 315k jobs, slightly more than expected, but the 2 prior months of data were revised over 100k lower. The average hourly earnings rose moderately at 0.3 % month-over-month (below the 0.4 % pace of the prior three months). On a yearly basis, the increase is stable at 5.2 %. The unemployment rate rose to 3.7 %, up from its 50-year low of 3.5 %, but this was on the somewhat positive rise in the participation rate (more people seeking work) as the Household Survey showed 442k more Americans were in work in August. Overall, this labor market report is not a source of major concern. It should not weigh much on the monetary policy decision of the FOMC in September. Many economists also pointed out the fact that the August payroll growth is usually subject to higher revision than any other month. Over the past five years, the first release has undershot the third by 119k, compared to an average undershoot of 23k for all months. Therefore, we should avoid over-interpreting past Friday’s figures. Commodity traders' response to Jackson Hole speech The Commitment of Traders (COT) Report on commodities covering the week to August 30 showed the initial response from hedge funds to Federal Reserve Chairman Powell’s hawkish speech at Jackson Hole. A speech that helped drive the dollar and bond yields higher, and the general risk appetite lower. All sectors except for grains and soft commodities were sold with selling concentrated in natural gas, WTI crude, gold, platinum, and livestock. The few exceptions were Brent crude, corn, sugar, and coffee. More in our weekly update, posted later today on www.analysis.saxo. Biden administration considering initiatives to restrict US investment in Chinese tech firms Bloomberg cites unnamed sources on this story, with limitations possibly set to come via executive order in the months ahead. After the recent move to limit NVidia exports of AI-related chips to China, the US Commerce Department may look to look to limit export of other AI tech. What are we watching next? Energy summit in EU on Friday EU leaders will powwow this Friday to discuss a cap on energy prices across EU countries to limit the disruptions from soaring and illiquid pricing markets, although given limits on generation capacity, much of them due to Russia’s cutting off of gas supplies - possibly semi-permanently in the case of the Nord Stream 1 pipeline – some sort of rationing plan may be required. See our Christopher Dembik’s look at the difficult choices Europe faces on this issue here.  RBA meets tonight – set to hike 50 basis points The RBA is set for a monthly meeting tonight and is widely expected to hike the policy rate 50 basis points at its fourth consecutive meeting, although this is not fully priced in. Besides the headline decision, there will be considerable focus on the bank’s forward guidance as the market anticipates that the RBA will soon decelerate the pace of rate hikes after Tuesday’s decision. Reaction in sterling as Liz Truss set to become next Prime Minister of the UK The UK Conservative party will announce the results of its leadership election today, with Liz Truss universally expected to win the vote and become Britain’s next prime minister. Truss has promised tax cuts and rapid action on the UK’s energy emergency, a combination that is likely to leave gaping new holes in the country’s balance sheet at a time when sterling is already collapsing. How will market’s great the next PM’s policy initiatives this week? Earnings to watch The earnings calendar is running light this week. The two earnings releases of importance for the week are DocuSign on Thursday and Dollar Stores on Friday. Tuesday: Ashtead Group Wednesday: People’s Insurance Co Group, Exor, Copart, NIO Thursday: Sun Hung Kai Properties, Sekisui House, Zscaler, DocuSign Friday: Dollar Stores, Kroger Economic calendar highlights for today (times GMT) US Markets Closed for Labor Day Holiday 0715-0800 – Eurozone Final Aug. Services PMI 0800 – Switzerland Weekly SNB Sight Deposits 1530 – UK Bank of England’s Catherine Mann to speak 2301 – UK Aug. BRC Sales Like-for-like 0430 – Australia RBA Cash Rate Target Announcement  Follow SaxoStrats on the daily Saxo Markets Call on your favorite podcast app: Apple  Spotify PodBean Sticher
The EIA Reports Tight Crude Oil Market: Prices Firm on Positive Inventory Data and Middle East Tensions

Navigating the Forex Seas: Unveiling the Role of a Forex Broker

FXMAG Team FXMAG Team 15.11.2023 08:33
The world of foreign exchange, more commonly known as Forex, is a dynamic and intricate marketplace where currencies are traded globally. At the helm of this vast financial ecosystem are Forex brokers, playing a pivotal role in facilitating transactions and providing a gateway for traders to navigate the turbulent waters of the currency market. Understanding the Forex Broker: A Key Player in the Market A Forex broker acts as an intermediary between retail traders and the interbank forex market. Essentially, they link buyers with sellers and vice versa, executing trades on behalf of their clients. While the concept may seem straightforward, the significance of a Forex broker in the trading process cannot be overstated.   The Forex Broker's Functionality: More Than Just a Middleman 1. Execution of Trades One of the primary functions of a Forex broker is to execute trades swiftly and efficiently. With the click of a button, traders can buy or sell currency pairs, capitalizing on market fluctuations. The efficiency of this process relies heavily on the broker's technological infrastructure. 2. Market Analysis and Research Tools To navigate the intricate Forex market successfully, traders rely on accurate and up-to-date information. Forex brokers often provide a suite of tools and resources, including real-time charts, technical analysis, and market research, enabling traders to make informed decisions. 3. Leverage and Margin Facilities Forex trading often involves leveraging, allowing traders to control a larger position with a smaller amount of capital. Brokers provide leverage, but it's essential for traders to use it judiciously, as it amplifies both potential gains and losses. 4. Risk Management Services Managing risk is a critical aspect of Forex trading. Experienced brokers offer risk management tools such as stop-loss orders to help traders limit potential losses and protect their capital.     Selecting the Right Broker: Navigating the List of Forex Brokers Given the crucial role Forex brokers play, selecting the right one is paramount for traders. The internet is flooded with a myriad of options, making the process seem overwhelming. To streamline this decision-making, traders often refer to a list of Forex brokers – a comprehensive directory that outlines the key features and offerings of various brokers. Considerations When Choosing a Forex Broker: Regulation and Compliance: Ensure the broker is regulated by a reputable financial authority, enhancing trust and security. Trading Platform: Assess the broker's trading platform for user-friendliness, stability, and the availability of essential tools. Transaction Costs: Evaluate the broker's fee structure, including spreads, commissions, and overnight financing costs. Customer Support: Responsive customer support is invaluable. Test their responsiveness before committing to a broker. Educational Resources: A good broker provides educational resources to empower traders with knowledge.   Conclusion: Sailing Smoothly with the Right Forex Broker In the vast sea of Forex trading, a reliable broker acts as a compass, guiding traders through the complexities and helping them navigate market trends. The importance of due diligence when selecting a broker cannot be emphasized enough. By referring to a well-researched "list of Forex brokers" and considering the key factors mentioned, traders can set sail confidently into the world of Forex, armed with the support they need to navigate and succeed in this dynamic market.    

currency calculator