World-Known FBS Chief Analyst Will Cover Us Election Live

The US presidential election taking place on November 3 are a pivotal moment for the global markets, and both the voice counting and the result will have a great impact on the USD, S&P500, and other assets.

FBS broker company will provide its clients with an exclusive opportunity to watch the US electios live with FBS Chief Analyst Nour Eldeen Al-Hammoury. During the live stream, traders will see the quotes updating and get the info on the tiniest market changes in real-time. They will also receive comments, insights, and tips from the host and take a chance to ask their own questions.

Nour Eldeen Al-Hammoury is a market strategist, former Senior Business Analyst at Skynews Arabia, and trader with more than 13 years of experience in Forex, global economic developments, central bank policies, and intermarket analysis. He merges technical and fundamental analysis with the global economy’s condition and was one of those who predicted and warned about the 2007 financial crisis before it hit.

The live stream will be run in English and last for the whole of Election Day.


FBS is an international broker with over 190 countries of presence and more than 15 000 000 clients. It is famous for regular, diverse, and advantageous contests and promotions that are highly appreciated by the global trading community. Besides, the broker offers various special services to make trading more pleasant and beneficial, such as swap-free and VPS services, cashback up to $15 per lot, and more. An official trading partner of FC Barcelona from January 2020.

Oil: Stable, Finally?

Technical

Currently, it is in consolidation around $40.50 trading above 50-while all the Moving Averages are assembled in ascending order. Therefore, from the technical perspective, there is little indication for oil to lose value again.

Fundamental

OPEC+ is meeting today. The Joint Ministerial Monitoring Committee will hold an online reunion to check whether all the OPEC+ country members comply with the output cut policy – that the JMMC’s main objective and function normally. No new decisions are expected before OPEC+ next meeting on December 1, however, there is a certainty that the likelihood of easing the cut in the year is very low. Primarily, that’s because of the second wave of COVID-19 which keeps the demand outlook in a gray area.

In addition to that, Libya is reported to be increasing its output (that was previously reduced to minimum levels due to the military and political unrest in the country). Therefore, expect to see strict guidelines from the side of OPEC+ which will make sure the cuts are there to put firm ground to the price of oil. For us, it means it may be dropping from time to time to $36 as it did two weeks ago, but lower than that – OPEC+ will try to let that happen.

Election

A logical question related to the oil market is how a potential change of the US President will the oil price. Most observers agree that if something will change, that will be stability: with Joe Biden, it is expected to be higher. That is not because of specific points on his agenda related to oil but rather due to the general “change of attitude”: a steady one.

Donald Trump used to move markets – not only oil – with his tweets or comments, sometimes as eccentric as short. Joe Biden seems to be more “emotionally mature” if that may be ascribed to the manner a politician behaves. However, in reality, only time will tell. All we can say for now is that Joe Biden is generally much less “into oil” than Donald Trump – only that may be enough for the oil price to be more secure.

This post is written and submitted by FBS Markets for informational purposes only. In no way shall it be interpreted or construed to create any warranties of any kind, including an offer to buy or sell any currencies or other instruments. 

The views and ideas shared in this article are deemed reliable and based on the most up-to-date and trustworthy sources. However, the company does not take any responsibility for accuracy and completeness of the information, and the views expressed in the article may be subject to change without prior notice. 

TURKEY, LIRA, ERDOGAN: Swamps of Greatness

What’s happening

Azerbaijan and Armenia are at war – again. Who started it – doesn’t matter anymore. What matters is who wants what and what position every side takes in this conflict. And there is definitely more than just Armenia and Azerbaijan – about these, you wouldn’t probably hear in another 10 years, if not the conflict. As you understand – there is Turkey.

At least because the Turkish President clearly expressed his view on the situation. There is also Russia. And Europe. And even the US – in fact, half of the world may be involved in this small regional conflict of the two nations which don’t have any sound weight on a global scale.

The core

Azerbaijan is a Turkic-speaking nation, Muslims. Within their territory, there is a region of Karabakh where Armenians live – a different language, background, and Christians. Armenians of Karabakh say “we have nothing to do with Azerbaijan, we want to be separate”. Azerbaijan says “that’s our land – if you want to stay on it, it will remain ours”.

So for Azerbaijan, Armenians of Karabakh are separatists and terrorists. For the Armenians of Karabakh, Azerbaijan is an oppressor state trying to expel you from your homeland, at the very least. A clear stalemate – or a balance, if you prefer.

The nutshell

The state of Armenia which borders Azerbaijan obviously supports the Armenians of Karabakh inside of Azerbaijan. In the meantime, Turkey clearly supports Azerbaijan as these are the two nations of similar blood, culture, and language.

Now, if it was only between Armenia, Azerbaijan, and Turkey – Armenia with Karabakh obviously have no chance: neither demographically, nor militarily, economically, or strategically. But there is a Russian military base in Armenia: Armenia is, or has been until now, a strategic vanguard post of Russian power projection into the Middle East since the conquest of Caucasus by the Russian Empire in the XIX century.

That means, although the time of old empires is gone, the two nations – namely, Russia and Turkey – still clash in this region. Now, Turkey is NATO, but it has been behaving not exactly pro-NATO lately: especially, the US has not been very happy with Turkey. In the meantime, Russia, even despite having a military base in Armenia, prefers to stay out of the battle as it sells arms to and has economic ties with both Armenia and Azerbaijan.

That means

The Turkish President is pushing Turkey into yet another unsolvable conflict. As patriotic as it may appear to some Turks, in supporting their brother nation against Armenians, economically, it is yet another burden on the Turkish lira: war needs money, money needs to be loaned – or, printed.

Geostrategically, it alienates Turkey even more – at least, from Europe. Because Europe, as much as it would like to see Russia lose some weight, doesn’t want to see Turkey rise as a regional power to become undisputed in the Middle East. And the latter – becoming undisputed in the Middle East – is exactly the aspiration of the Turkish President.

Erdogan wants to make Turkey great again (sounds familiar, right?), like how it was in the time of the great Ottoman sultans who projected their power as far as until Vienna, in their best times. Now, as the wealthier classes disapprove of Erdogan’s autocratic and religion-imposing grip, the poorer classes mostly support him on patriotic feelings. These feelings need to feed on something – and what may be better than another patriotic war to make the poor people yell “hooray” to their president?

Up means less

The 100-MA and 200-MA have been almost identically looking upwards on the weekly chart. That means the TRY has been losing value against the USD across the years, with minor deviations. In addition to that, the trajectory seems to be accelerating its upward slope vertically – the Turkish lira is increasing the pace of depreciation.

The historical level of 8.00 appears to be just around the corner – maybe, by New Year, we will see it crossed. Technically, going that far away from the Moving Averages would be a ground to expect a nearing correction downwards. But if and when it happens, it will be a temporary technical downturn compared to the strategic upward pressure Erdogan’s politics are exerting on USD/JPY.

What does it mean for Turkey? Poverty. Same as for any other developing nation that gets driven into yet another line of old-victories-based patriotism while the developed world gets more developed and the USD keeps gaining against the TRY. Turkey is becoming a poor self-locked nation. Its people will see less wealth, less financial capacity, less financial freedom (as well as any other freedom) in commemoration of the glorious days of the Ottoman sultans.

What does it mean for you? A guarantee that your position game with USD/TRY will see no glitch: TRY will keep losing – Erdogan guarantees that. Even if he miraculously realizes how deep he pushed Turkey into the swamps of surrounding conflicts, the long-term damage to the Turkish economy is already inflicted and will be increasing.

And that’s in addition to the virus damage that decimated international tourism, and other long-term consequences related to Turkey’s international prestige. Ties with Europe and loosening – the chart of EUR/TRY looks almost the same. So it will be safe to extrapolate the trajectory as far as you need – the Turkish lira’s chance to rise is now as low as zero.

P. S.

It’s always interesting to watch the change of paradigms. Erdogan is trying to project an image of a strong leader. He wants to be something separate from the line of his predecessors – including Mustafa Kemal Ataturk, whose photos, pictures, and images are almost in every home, shop, or office in Turkey. And that’s for a reason. Your people will call you “the father of Turks” (as this is what “Ataturk” stands for) when you accomplish something no less than making a nation: re-building the entire country from zero, collecting the nation on the ruins of the vast Ottoman Empire, fighting back the victorious enemy empires slicing your country, and finding a new way for a new state so that your people can carry on with their lives.

That new way was secularism: putting religion out of public conscience and state affairs in the name of progress and economic development. And that new direction worked. For almost a century, Turkey has been following the direction set by Ataturk to become a strong regional power that no state can deny. And very importantly, a state that other countries are willing to interact too. Now, Erdogan’s direction is fundamentally different from that of Mustafa Kemal. Erdogan is bringing back religion and gradually turning Turkey away from the outer world, particularly Europe and the US. What’s his direction then? Isolation.

What’s the leader image he wants to be affiliated with now? Mehmet Fatih, the great sultan who finally conquered Constantinople and converted the emblematic Byzantine church of Hagia Sophia into a mosque. Erdogan just did the same, probably hoping that Turkish people will think of him the same as what they think of Mehmet Fatih. And some do. But the difference is: these are not the times of empire expansion.

Erdogan is sourcing stronger social momentum from his people, but this momentum has no outer space to propel through, no outer lands to conquer, no room for expanding state frontiers. In other words, no extensive way of development, like it was in the Ottoman empire. Neither does he provide inner space for intensive development and inner improvements – in fact, he is doing all the opposite: limits freedoms, makes the social structures more rigid and tense.

So the picture is becoming like this: the internal pressure in Turkey increases, while there are no ways to channel that pressure, neither outside nor inside. Now, what happens when you keep increasing the pressure in a rigid metal structure? Implosion. Or explosion. Doesn’t matter: nothing good happens. Let’s hope that no such thing happens to Turkey. Otherwise, it will need another Ataturk to build it back from the ashes. This time – economical.

This post is written and submitted by FBS Markets for informational purposes only. In no way shall it be interpreted or construed to create any warranties of any kind, including an offer to buy or sell any currencies or other instruments. 

The views and ideas shared in this article are deemed reliable and based on the most up-to-date and trustworthy sources. However, the company does not take any responsibility for accuracy and completeness of the information, and the views expressed in the article may be subject to change without prior notice. 

FBS Launches Free Educational Forex Course

Forex Intensive begins on October 1 and ends on October 31. During this month, those who subscribe to the course receive the exclusive analytical materials for traders of any level – articles, posts, and webinars – for free. Moreover, European traders may subscribe to the course all October long and have access to all the materials.

The course is five weeks long. Every week subscribers get a new email with the Forex Intensive program according to their level of knowledge. It allows European traders to educate in real-time with fresh materials and use the opportunity to join the webinars where it is possible to ask any questions to FBS analysts. The online format of the course helps to gain the information anytime and anywhere it is convenient for traders.

Within five weeks, traders learn the following topics:

  • Week 1: Forex essentials.
  • Week 2: Fundamental analysis.
  • Week 3: Technical analysis.
  • Week 4: Trading instruments.
  • Week 5: Management tips.

Despite the fact that Forex Intensive lasts the whole month of October, all the materials will be available for free anytime.

FBS is an acknowledged, CySEC licensed international online Forex broker and the official trading partner of FC Barcelona. FBS is a broker with an international outlook that serves clients in Asia, Latin America, Europe, and the MENA. Its primary focus lies in offering financial products for currency, metals, and indexes trading for clients with different goals and backgrounds. The company features a low barrier to entry and top-ranking apps. Over 11 years in the field, the broker won 50 international awards, including Best International Forex Broker, Best Forex Brand, and Most Progressive Forex Broker Europe.

Tesla: Lithium Phase

Tesla signed a 5-year deal to take lithium from Piedmont – in addition to its other plan to extract the metal in Nevada. Piedmont’s stock surged by almost 300%. Tesla’s stock is still in a downturn though.

The daily chart below shows that Tesla is consolidating around the current level of $420. The heights of $500 were left in the dust a month ago but may turn into a bullish target soon – once we see the downtrend capping the upside broken. In the long-term, it’s unlikely that Tesla will go down because fundamentally, it keeps expanding its horizons. Even though its P/E ratio is way beyond 20 as Warren Buffett liked to warn, the business outlook for Elon Musk’s business looks positive and full of opportunities. And sales – including in China. So let’s wait where the bottleneck of the current fluctuation to exhaust and see where the stock goes.

This post is written and submitted by FBS Markets for informational purposes only. In no way shall it be interpreted or construed to create any warranties of any kind, including an offer to buy or sell any currencies or other instruments. 

The views and ideas shared in this article are deemed reliable and based on the most up-to-date and trustworthy sources. However, the company does not take any responsibility for accuracy and completeness of the information, and the views expressed in the article may be subject to change without prior notice. 

FBS Announces New Trading Instruments in FBS Trader App

From now on, European traders can enjoy updated lists of indices and energies, in case they have Real or Demo accounts. The following instruments are now available in FBS Trader – Reliable Forex Trading Platform app:

  • Indices: DAX30, NASDAQ, S&P500, YM,
  • Energies: WTI, BRN

These instruments are popular among traders because of their high volatility. Oil especially shows an impressive presence in the market. This sector demonstrated the highest standard deviation. As for DAX30, NASDAQ, S&P500, YM, this group includes all major stock indices from leading global economies. It tends to be a good indicator of the overall market performance.

European clients may evaluate new opportunities for trading with the powerful and easy-to-use trading platform – FBS Trader. This brokerage app allows trading on the go from mobile devices using handy Forex tools from anywhere, any time. Moreover, it helps traders to track real-time statistics using price charts and never miss the right moment to open or close a trade. Now with the updated list of trading instruments, FBS Trader becomes even better.

FBS is an acknowledged, CySEC licensed international online Forex broker and the official trading partner of FC Barcelona. FBS is a broker with an international outlook that serves clients in Asia, Latin America, Europe, and the MENA. Its primary focus lies in offering financial products for currency, metals, and indexes trading for clients with different goals and backgrounds. The company features a low barrier to entry and top-ranking apps. Over 11 years in the field, the broker won 50 international awards, including Best International Forex Broker, Best Forex Brand, and Most Progressive Forex Broker Europe.

FBS Won 3 Awards From The European Magazine

Over the past decade, FBS earned the trust of more than 15 million traders worldwide, many of whom are from Latin America, Asia and MENA regions. These regions have vast potential in terms of traders’ engagement and their desire to grow into professionals. FBS reaches everybody to help them learn Forex and become professional traders with their help, – support team of FBS works 24/7 in 20 languages.

FBS is winning the awards from European magazine every year. Winning The Most Reliable Forex Broker award from 3 various regions at once is inspiring for the broker. These awards once more prove that we provide outstanding investments services for all our clients from all over the world. It also shows that FBS is on the right track and gives the broker even more energy to deliver more fantastic trading features and bonuses to clients.

Nowadays, FBS offers demo accounts to investors to test their trading strategies in a safe environment. The broker also provides various types of accounts, both for beginners and professional traders. On top of that, FBS provides instant deposits and withdrawals via the most popular payment systems with zero commission and various promotions for the clients.

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FBS is an international broker with over 190 countries of presence and more than 15 000 000 clients. It is famous for regular, diverse, and advantageous contests and promotions that are highly appreciated by the global trading community. Besides, the broker offers various specialized services to make trading more pleasant and beneficial, such as swap-free and VPS services, cashback up to $15 per lot, and more. An official trading partner of FC Barcelona from January 2020.

The European is a quarterly business publication that covers a broad spectrum of business affairs globally, including Energy, Banking and Finance, Foreign Direct Investment (FDI), Shipping, Technology, and more.

Why Should You Choose a CySEC Regulated Broker?

There are many scam brokers in the market. That’s why people aren’t in a hurry to start trading. In this article, we will tell you how to define a trustworthy broker from a fraudulent one, make your fears fade away, and trade happily after that.

Regulated and Non-regulated Brokers

To protect yourself, you should choose a regulated broker. Why is the request so strict? Let’s explain. A regulated broker is a broker whose actions are monitored by a regulator. Who is the regulator? It’s the type of supervision which aim is to prevent and investigate fraud in the market, keep it transparent and make sure that clients are treated with fairness, their funds are safe, and data is secure.

On the contrary, non-regulated brokers have no control of that kind. It creates opportunities for illegal market activities including unwarranted commissions, loose spreads, hidden Terms and Conditions, and even withdrawal restrictions. Traders and their funds suffer from this activity.

So, the best advice we can give you is to avoid brokers without regulation. The risk of trading with them is too high. You don’t have to take it because there are many licensed brokers whose services are reliable, and FBS is one of them. As a regulated broker, we can provide a significant level of protection. FBS operates following the policies, guidelines, and standards stipulated by Cyprus Securities and Exchange Commission (CySEC), license number 331/17.

What CySEC is

The Cyprus Securities Exchange Commission, or just CySEC, is the regulatory body for the financial industry. Its mission is to provide effective supervision to ensure trader protection. It is an independent regulatory authority that controls investment services and transactions in transferable securities carried out in Cyprus.

CySEC was launched in 2001 as a public legal entity, and then in 2004, Cyprus became a European Union member state. From that time, CySEC regulations and operations have had to meet the European financial regulatory framework’s terms.

What does all of that mean? CySEC operates under the branch of European regulators advocating for secure trading and therefore connects with European regulations such as the Markets in Financial Instruments Directive (MiFID) and The Markets in Financial Instruments Regulation (MiFIR).

MiFID and MiFIR are required for firms operating in the European Union. These European regulations are responsible for the transparency across the European Union financial markets.

Regulator is a Key

It’s essential to have a strong regulatory body such as CySEC to prevent money laundering and wrongdoing in the market.

The CySEC license is one of the most significant. People can rely on the companies regulated by CySEC because it guarantees protection and safety for investors and traders. The regulator monitors brokerage companies’ actions and transactions to ensure that they comply with the directives of the legal and regulatory framework.

Now we know more about the regulator, it’s functions and benefits. It’s high time to focus on the advantages traders take from working with CySEC regulated broker.

How a CySEC Regulated Broker Protects You

To avoid groundless arguments and excessive boredom of the theory, we want to show you the main CySEC pros by using FBS as an example. As a European licensed brokerage company, FBS meets all the requirements of MiFID and MiFIR.

So, why you should choose a CySEC regulated broker:

  • Client security

FBS operates in 31 European countries. As soon as you start working with the financial markets, you start economic relations. It’s a serious issue. But no worries, all your funds, and data that you provide FBS with stay safe.

The company is in full compliance with CySEC. Therefore, we ask you to go through the verification process. You upload a pack of documents identifying you, proving EU residency, and your financial status. It mitigates the risk of criminals using fake or stolen documents to open accounts and safeguard your identity and your assets. Moreover, verification is crucial for brokerage companies in fulfilling the legal and regulatory obligations to make the relations clear for its every side.

  • Transparency and fairness

Financial relations is a complex issue, as it was said before. That’s why transparency and fairness are of a high priority for a CySEC regulated broker. The regulator controls the reception, transmission, and execution of orders. If brokers fail to operate honestly, the regulatory body can impose penalties and sanctions on them. In this case, a broker is at risk of even losing the license.

To make services more lucid, CySEC has a list of brokers under its regulation. Just enter the name of a broker you are interested in and check whether it has a license.

Working with FBS prevents you from illegal practices such as tampering with the trading platform, price and commission manipulations, and client money withholding without any legal reason. The company also submits periodic financial reports to the regulator to prove the full transparency of its actions.

  • Full client support

CySEC ensures that a broker is always ready to assist you in any situation, provide you with necessary instructions on trading, and a working support desk to resolve any problem you have. For such cases, FBS has a 24/7 support chat in your local language.

Moreover, we help you to master your money management risk skills. Before you start trading, FBS asks you to pass the survey to define your category: Demo or Retail. If you have a Demo category, you can trade in the real market conditions with no risks because it is just training when you aren’t experienced enough. We offer you free educational materials, expert webinars, and analytical articles to prepare yourself for the real trading. Three days after your last survey results, you can re-pass it for the Retail category and then dive into Forex trading.

Bottom Line

If you’ve decided to become a trader, there are several aspects you should consider. Among them are spreads, leverage, and the general performance of the broker. But the most important thing is regulation. You are going to start trading with a company that will work on your behalf. In case you are a resident of the EEA country, the most relevant option for you is a CySEC regulated broker because it protects your interests on the highest level. Bear in mind, that FBS is a reliable and trustworthy CySEC licensed broker

The FBS CopyTrade Team Presents New Updates in ‘Pro Trader’

The FBS CopyTrade team is constantly working hard to make investing for the users of the app more convenient and effortless. The platform is being named one of the most user-friendly and convenient social trading apps from year to year.

This time the FBS CopyTrade team developed a major update in the ‘PRO Trader’ feature’s workflow to continue living up the name. Now all the traders who share their accounts to the FBS CopyTrade App and have $5000 or more on it can become PRO.

PROs are the most trustworthy and experienced traders to copy in the FBS CopyTrade App. They can also set a commission they see fit and get more profit after the closing of their successful orders.

The FBS CopyTrade team made a thoughtful decision to give a PRO status to all the traders who have $5000 on their trading account because the traders who operate with such an amount of assets definitely know what they do on the Forex market.

The FBS CopyTrade App is a dynamically developing platform for social trading. It is usually named the most user-friendly and easy-to-use copy trading application.

The app was launched in 2018. It is used by more than 5 million investors. FBS CopyTrade allows people who are less experienced in trading to increase their capitals by copying the selected skilled traders. The traders get an income from each copier’s deposit after a successful transaction. The support team of the app operates 24/7 with more than 15 languages.


FBS is an international broker with over 190 countries of presence and 11 years of expertise, providing knowledge via free seminars, special events, educational materials, and daily analytics.

FBS is an official trading partner of FC Barcelona from January 2020.

FBS Introduces New Currency Pairs

The feedback from FBS clientele states that the local currencies are of high importance for traders from different European countries. To make trading more convenient for the clients, FBS enlarges the range of trading instruments.

From this time, the Polish zloty (PLN), Swedish krona (SEK), Hungarian forint (HUF), and Czech koruna (CZK) are available in Forex Exotic list on MetaTrader 5. Notice that only European clients who have a Retail or Professional category can now trade new currency pairs.

Hence, the following currency pairs are offered for trading:

  • USD/PLN
  • USD/SEK
  • USD/HUF
  • USD/CZK
  • GBP/PLN
  • GBP/SEK
  • EUR/PLN

The main advantage of this introduction is that it helps traders, who have profound knowledge of local economic events and their impact on local currencies, show more impressive performance in the market. New currency pairs to trade will be especially useful for traders from Poland, Sweden, Hungary, and the Czech Republic because they know what is happening to their local currency exchange rate at the time and are able to plan their trades accordingly.

The Polish zloty, Swedish krona, Hungarian forint, and Czech koruna are available for trading only in real Standard MetaTrader 5 accounts.


FBS is an acknowledged, CySEC licensed international online Forex broker and the official trading partner of FC Barcelona. FBS is a broker with an international outlook that serves clients in Asia, Latin America, Europe, and the MENA. Its primary focus lies in offering financial products for currency, metals, and indexes trading for clients with different goals and backgrounds. The company features a low barrier to entry and top-ranking apps. Over 11 years in the field, the broker won 50 international awards, including Best International Forex Broker, Best Forex Brand, and Most Progressive Forex Broker Europe.

ORACLE: The TikTok Battle

National security

Such is the case of TikTok. To young performers, it is known as an app where you share your creative ads dancing or doing anything else that may keep the attention of a multimillion audience for several minutes.

To the US security and intelligence, it is known as a Chinese data and social networking company that threatens to tap into the sovereign territory of the US social data. Roughly, that is the concern that made the administration of the US President impose the September-15 deadline for selling the US operations of TikTok to an American company.

Two contenders

Previously, Microsoft used to the main company in focus to continue TikTok’s US operations. However, the negotiations with this potential buyer went aside as Oracle took over the stage, and the people around the issue are pointing to the fact that the deal is very possible. But this is not the only thing people are pointing out: Oracle has been financially supporting Donald Trump’s campaigns and has been more than just cooperative with the US President until now.

So we have an international business, the US-China relations, and the US elections all in one knot around Oracle now. With all this in view, stocks of Oracle may soar in case the deal is successfully sealed: not because there are a lot of truly positive business outcomes from it, but because of the heightened degree of discussions around the matter.

Technical view

On the daily chart, the recent spike that still ended up below the previous high corresponds to the announcement that Oracle is likely to take over the race over TikTok from Microsoft. The bearish ending is logical for that bar because there is no deal signed yet, and in the end, what we have is just talks and negotiations. In the meantime, the deadline of September 15 is nearing – that means, even if we don’t see another bullish spike, there will be increased volatility in any case. In the end, it falls well into the equilateral upward channel Oracle’s stock has been in since March. Expect $56 to provide firm support while $62 may be the objective for bulls in the most aggressively bullish scenario. Otherwise, the area of $58-59 seems a fair target range for Oracle stock in the short term.

This post is written and submitted by FBS Markets for informational purposes only. In no way shall it be interpreted or construed to create any warranties of any kind, including an offer to buy or sell any currencies or other instruments. 

The views and ideas shared in this article are deemed reliable and based on the most up-to-date and trustworthy sources. However, the company does not take any responsibility for accuracy and completeness of the information, and the views expressed in the article may be subject to change without prior notice. 

The FBS Copytrade Launches New ‘PRO Trader’ Feature

From year to year, the FBS CopyTrade App is being named the most easy-to-use social trading platform by the different issuers. The FBS CopyTrade team always works hard to make investing for the users of the app easier and more convenient. The new ‘PRO Trader’ feature is developed to improve the application’s user-friendly status and reduce the investor’s risks.

Since now every FBS CopyTrade user can see a green ‘PRO’ sign near some traders’ pictures and be sure that these traders are one of the most reliable, skilled, and professional the Forex market performers. The FBS CopyTrade team thoughtfully select the traders to make them ‘PRO’. The team checks each long period of time trader’s data to give it a ‘PRO’ status deservedly.

The privilege to copy PRO traders is given to the investors who deposited $500 or more in total throughout the history of investing with the FBS CopyTrade App.

The FBS CopyTrade App is a dynamically developing platform for social trading. It is usually named the most user-friendly and easy-to-use copy trading application.

The app was launched in 2018. It is used by more than 5 million investors. FBS CopyTrade allows people who are less experienced in trading to increase their capitals by copying the selected skilled traders. The traders get an income from each copier’s deposit after a successful transaction. The support team of the app operates 24/7 with more than 15 languages.

FBS is an international broker with over 190 countries of presence and 11 years of expertise, providing knowledge via free seminars, special events, educational materials, and daily analytics.

FBS is an official trading partner of FC Barcelona from January 2020.

The FBS Copytrade App Became the Best Social Trading Application MENA 2020

Global Banking & Finance Review is a British portal that focuses on the evolving and changes in the financial field. Every year, the magazine’s commission notices and awards banks and companies that make progressive and positive changes in global economics.

This year the FBS CopyTrade App was recognized as the Best Social Trading Application in the Middle East and North Africa countries. This is the second award for FBS CopyTrade Team this year. A few months ago, the app was awarded by Capital Finance International journal as the Best Application for Copy Trading in 2020.

FBS CopyTrade team is proud to receive these awards. They illustrate that the app is moving in the right direction of its development and about to become a more user-friendly and customer-orientated social trading platform. The team will continue its hard work to improve the application quality standards.

The FBS CopyTrade App is a dynamically developing platform for social trading. It is usually named the most user-friendly and easy-to-use copy trading application.

The app was launched in 2018. It is used by more than 5 million investors. FBS CopyTrade allows people who are less experienced in trading to increase their capitals by copying the selected skilled traders. The traders get an income from each copier’s deposit after a successful transaction. The support team of the app operates 24/7 with more than 15 languages.


FBS is an international broker with over 190 countries of presence and 11 years of expertise, providing knowledge via free seminars, special events, educational materials, and daily analytics.

FBS is an official trading partner of FC Barcelona from January 2020.

FBS Trader Won Best Mobile Trading Platform in Asia Award

It is a great step forward and a high honor to meet all the criteria of the judging panel. They recognized FBS Trader’s convenience of use, innovative approach to mobile trading and excellence of orders processing.

FBS Trader was designed to be both effective and user-friendly. With its simplified interface and intuitive handling, it attracts both new and experienced traders. Promoting a mobile approach to investing, FBS Trader provides users the comfort of staying in control of the trades anywhere and anytime.

Not only FBS Trader is convenient, but also functional. Comprising a variety of instruments, it has something to offer to any taste: currencies, commodities, metals and stocks. Every instrument is provided with charts of two types: line and candlestick, and detailed real-time info to help traders make decisions on the go. For any questions arising, it is possible to contact a 24/7 multilingual support directly in FBS Trader.

Another thing FBS Trader cares for is the security. That is why it possesses a Pin and Touch/Face ID function appreciated by traders who work with the platform.

FBS Trader offers a demo account and a no-deposit $100 bonus account to try out its features. The last one includes onboarding to help navigate through the platform. All this provides traders with a smooth start in FBS Trader without a need for an initial deposit.

Best Mobile Trading Platform Asia 2020 Award is just a start for FBS Trader. With a constant strive for developing and perfecting features, FBS Trader has a promising future.

FBS Trader Features NEW Quick Start Bonus to Explore Mobile Trading

Quick Start bonus is available in a convenient format of a mobile platform. The name of the bonus is not random. Quick Start is a wonderful opportunity not only to trade on a bonus account but also to learn how to trade in FBS Trader in seven easy steps.

FBS Trader is an innovative financial product, packed with trading tools and charting while keeping a user-friendly and intuitive interface. Quick Start bonus is one of its outstanding features.

To begin with $100 Quick Start bonus, no deposit needed. First, download FBS Trader. The mobile platform is available for both iOS and Android devices. After that, open a bonus account and proceed to the most interesting part: trading.

Quick Start bonus aims to study main instruments, learn how to create orders and manage risks. So to say, go through the whole trading cycle. All the necessary skills are learned through seven simple steps. Each step has instructions and videos on the studied topic to make everything clear.

At the end of the bonus program, a trader will get familiar with FBS Trader and learn the basics of trading. Moreover, Quick Start offers an opportunity to earn real money. It will be available to withdraw through a real account later.


FBS is an international broker with more than 15 000 000 clients and 11 years of presence. Being trusted across the globe, FBS is well known for its excellent customer service and trading conditions. A wide range of global payment systems, various account types, high leverage, cashback from lots and even more – FBS is very proud of all this. The main goal of FBS is to provide the winning experience to its clients, so more and more traders join FBS global community.

Moderna, S&P: Vaccine Hopes

Moderna

Source: Bloomberg

But it increasingly looks like by the time it is ready, most people indeed will already have immunity to the virus. In the meantime, Moderna is enjoying spikes of investor attention.

The latest update is that it got one step closer to the vaccine pushed its stock from the rage of $60 to $75. Needless to say, if the reports informed us tomorrow that another testing stage is cleared, we would see this stock already somewhere at its recently made all-time high above $85. Trajectory zone 2 would be the channel of movement in this case.

In fact, Moderna’s stock may well get to those highs anyways: fundamentally, the interest for anti-virus business will keep its momentum months or even years ahead, even if tomorrow is no virus at all. So Moderna will see its rise, just it will be a slow case scenario – the one that corresponds to trajectory zone 1.

S&P 500

For the stock market, the vaccine hope seems to be the only “joy” that keeps the optimism on the stage. With the S&P, currently, we are almost exactly at the previous high of 3 320, and in an obvious consolidation. Meaning, the market is not really sure what to look at more: still spreading infections in the US of the vaccine hopes. Today, it seems the latter is taking the upper hand. What the next step is going to be?

An optimistic scenario suggests we will see Trajectory 1 giving the green light to bulls and repeating the pattern of the previous upward wave the S&P followed in May. How probable is that? Quite probable, given that the reports about vaccine developments keep coming more often.

A pessimistic scenario as per Trajectory 3 suggests that we are actually at the tip of another “inside wave” which will bounce down from the resistance of 3 230. How probable is that one? Also very probable: clearing testing processes is good, but we don’t have the vaccine yet. It may take months before we finally see it.

A moderate scenario presumes that the market will overlook the absence of the vaccine and take on a more positive mood. That will be Trajectory 2.

The thing is that, indeed, it may be not until the very end of 2020 when the vaccine eventually gets done. Everyone knows that. If the S&P was only waiting for the vaccine to finally get developed, then it would be going sideways between 2 980 and 3 230 for months from now. Is that likely?

No. Regardless of the vaccine process, the more we move into the future, the more the market becomes insensitive to the reality of infections and, therefore, independent from the vaccine hopes. Why? Because with the vaccine or without it, life goes on. And even the virus is now on the rise in the US – again – it will slow down pretty soon. So the question is not “if” but “when”. And the market is bored waiting.

This post is written and submitted by FBS Markets for informational purposes only. In no way shall it be interpreted or construed to create any warranties of any kind, including an offer to buy or sell any currencies or other instruments. 

The views and ideas shared in this article are deemed reliable and based on the most up-to-date and trustworthy sources. However, the company does not take any responsibility for accuracy and completeness of the information, and the views expressed in the article may be subject to change without prior notice. 

USD/JPY: Changing Platforms

Seasons

After devastating March and humiliating April, May’s recovery brought hopes, positivism, and optimism to the markets. We can see that the USD has been gaining value against the safe-haven JPY almost the entire month. There was a pause at stage 2 after a shaky upswing at stage 1, then stage 3 followed by a spectacular peak. That was observed in the stock market as well. But that, altogether, was just the first awakening after a lethargic March and April. Just like spring after winter.

However, unlike natural seasons, the market mood is now in a retrace after the recovery hopes brought it up from the ruining silence. Stage 4 was an introduction to that retrace, which undid almost all gains of May. The good news is, it landed higher than May lows – that gives a hint that the recovery is indeed underway, bu

t it will not be a straight line upwards. Currently, we are in stage 5 – a sideways movement that changes baseline levels from time to time. Let’s see it closer.

Closer look

From June 11 till June 18, the USD has been trading within channel 1 between 107.20 and 107.50 against the JPY. Then, it moved downwards to go sideways within channel 2 between 106.75 and 107.00 until this Tuesday. Currently, it is in the middle zone between those two channels suggesting a potential for a new sideways channel 3. Although it doesn’t look like a single shot out of channel 2, we still need to time-confirm this shift. In any case, it is a good sign: it means there are lighter moods among investors who look to trade more risk-on compared to the previous week. If the fundamental balance stays neutral as it is now, we are likely to see USD/JPY move within this channel. If the information background – which is more unlikely – becomes more positive, we will see USD/JPY move into the zone of channel 1. Set your trades accordingly and watch the news.

This post is written and submitted by FBS Markets for informational purposes only. In no way shall it be interpreted or construed to create any warranties of any kind, including an offer to buy or sell any currencies or other instruments. 

The views and ideas shared in this article are deemed reliable and based on the most up-to-date and trustworthy sources. However, the company does not take any responsibility for accuracy and completeness of the information, and the views expressed in the article may be subject to change without prior notice. 

 

FBS Offers a Demo Professional Account With Increased Leverage

The company is launching a Demo Professional account. The main advantage of this feature is that it allows traders to see how the real market works by managing virtual funds under the Professional category trading conditions.

Traders can now test the Professional category and its advantages without passing the survey. It is a Demo account, the transactions with real money are not allowed. In this case, FBS guarantees the total fund security.

The benefits of the Demo Professional Account are:

  • Leverage 1:500 for currency pairs.
  • Leverage 1:200 for metals.
  • Risks are eliminated.
  • Demo accounts are free.
  • Everyone can feel like a pro trader.

So, to make the market entry smoother and safer for trading on a pro-level, traders can open the Demo Professional Account and practise a lot to master necessary skills for a future performance on Forex. Using this type of account, traders have limitless opportunities to try different trading strategies with increased leverage, reduce stress caused by the possibility of losing real money, and grow on Forex.

Once traders can get used to the real trading process, there are no limits for them to open a real Pro account. The Demo Professional Account simplifies trading at start by giving market players a chance to learn and train.

FBS is an acknowledged, CySec licensed international online broker and the official trading partner of FC Barcelona. FBS is a broker with a global outlook that serves clients in Asia, Latin America, Europe, and the MENA. Its primary focus lies in offering financial products for currency, metals, and indexes trading for clients with different goals and backgrounds. The company features a low barrier to entry and top-ranking apps. Over 11 years in the field, the broker won 50 international awards, including Best International Forex Broker, Best Forex Brand, and Most Progressive Forex Broker Europe.

USD, RUB, and Oil: Trader’s Treasure

Oil’s contribution

Until 2015, while the oil price was above $20 per barrel and kept rising sometimes to cosmic highs like $140, the USD/RUB has been trading stable at 30. Eventually, the WTI oil price lost more than half its value dropping from $100 to $40. Simultaneously, the USD/RUB gained more than 100% flying from 30 to 70. Interestingly enough, both the oil price and the USD/RUB are now where they were in 2015 right before the “sudden” change. In any case, that was the end of Russia’s “gold era” of sky-high oil prices, and hence the RUB got substantially marked down.

The recent Russia-Saudi oil price war made the USD/RUB take yet a higher baseline level. The most recent spike in the USD/RUB is exactly where the WTI dropped to $20 (and even below 0 in some markets). In fact, it is visible that the shape of the chart after 2015 (marked by the green vertical line) is almost perfectly inverted between the oil price and the USD/RUB.

That’s why, specifically with the USD/RUB, one of the main fundamental factors defining this currency pair is the oil price. The higher it is – the better for the oil-exporting Russian economy, and hence, the stronger (or at least more stable) the RUB may be. This comes as a big facilitator to predict the USD/RUB: just keep your hand on the pulse of the oil price, and you will know where the USD/RUB goes. For a trader, what can be more convenient?

Source: tradingview.com

Fundamental

The strategic outlook for the USD/RUB is an uptrend in any case. That is dictated by the supremacy of the American economy against the Russian – the latter simply cannot stand the competition and is doomed to lose, just as any developing economy with the currencies such as the MXN, BRL, and TRY. As we can see on the chart above, even after a bullish rally, an uptrend was rarely challenged – rather, tested, at times. For example, the years 2000-2015 can be taken as a period of a relative stability of the USD/RUB at or below the resistance of 30, with 2003-2008 showing a slow decline. That was ended with the mentioned plunge in the oil price that pushed the USD/RUB far beyond 30.

The weekly chart of USD/RUB below presents a volatile picture with an underlying upward trajectory. While the price may keep going down for a while, it is unlikely it would break the larger uptrend. More probably, it will come to test the uptrend’s bottom at 62-63 and will get back up to 69-70.

In any case, fundamentally speaking, there is little ground to expect the RUB to gain value against the USD in the long term. At maximum, it will stay stable where it is now. That should serve as an ideal background for trading that may rely on this guaranteed fundamentality. Hence, unless the oil price makes a substantial drop once again

This post is written and submitted by FBS Markets for informational purposes only. In no way shall it be interpreted or construed to create any warranties of any kind, including an offer to buy or sell any currencies or other instruments. 

The views and ideas shared in this article are deemed reliable and based on the most up-to-date and trustworthy sources. However, the company does not take any responsibility for accuracy and completeness of the information, and the views expressed in the article may be subject to change without prior notice. 

FBS CopyTrade Became the Best Application for Copy Trading in 2020

Over the three years of functioning FBS CopyTrade App demonstrated a rapid pace of development and earned the trust of more than 4 million traders and 4,5 million investors all over the world. From the very beginning, the FBS CopyTrade app illustrates the high quality of its services. It is usually noticed for the easy-to-use interface and high level of customer support.

Capital Finance International journal decided that the FBS CopyTrade app meets all demands of the best copy trading application and keeps improving. It is the second time when CopyTrade is named the best app of the year by this journal.

FBS CopyTrade Team is proud to win the best application for copy trading in 2020. FBS CopyTrade app is constantly improving application quality standards. The award illustrates that the app is moving in a right direction of its development and about to become a more user-friendly and customer-orientated social trading platform.

FBS CopyTrade app is an international social trading platform. The app was launched in 2018. It is used by more than 8 million traders and investors. FBS CopyTrade allows the people who are less experienced in trading to increase their capitals by copying the selected skilled traders. The traders get an income from each copier’s deposit after a successful transaction. The support team of the app operates 24/7 with more than 15 languages.

FBS is an international broker with over 190 countries of presence and 11 years of expertise, providing knowledge via free seminars, special events, educational materials, and daily analytics.

FBS is an official trading partner of FC Barcelona from January 2020.