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.

EUR/USD: Technical Outlook

Mid-term: fundamental

The European stock market takes on a risk-on mood and marches ahead of the US stocks, indirectly adding positives vibes to the EUR. At the same time, while the general economic outlook is not dim enough to push investors to the USD, they are cautious of the domestic disturbances in the US. Altogether, the USD enjoys less attention while the EUR enjoys more of it – so the EUR/USD rises.

Mid-term: technical

The first two-thirds of the month of May saw the EUR/USD flowing inside of the horizontal channel 1.0770 – 1.1000. After May 20 things changed: it broke the upper border of the channel and started rising, eventually climbing above 1.1330. The configuration of the MAs changed accordingly: 50-MA, 100-MA, and 200-MA are now re-positioned in correct ascending order.

Therefore, technically, there is no stopping to this trend so far – at least, it still has room for continuation until it reaches the March high of 1.1470. Can we expect it? Yes, we can. But we have to be aware that this rising is pretty much a consequence of a local positive affection of the market on some good news from the ECB in terms of financial aid to the Eurozone.

As soon as this affection ends – and very possibly, it does once the EUR/USD reaches the resistance of 1.1470 – there will be not much impulse for the EUR to keep pushing. Unless there is more good news from the EU, which is quite unlikely as the ECB recognizes itself that the recovery is falling into the worst-case scenario.

Long-term: fundamental

Strategically, however, we have to recognize a different picture. The structure and parameters of the European economy haven’t improved, even if we remove the virus from the list of factors. However, the crisis created by COVID-19 and the ensuing restrictions revealed some deep cracks in the Eurozone’s integrity to the extent that the Union as such was doubted at times. Furthermore, the effects of this crisis will stay after the virus itself is gone away: economically, it increased the polarity in the EU and widened the economic and political distance between the member states.

In the long-run, that may erode EUR’s grounds of stability. The racial issues in the US are unlikely going to be of the same economic gravity to the USD as the inter-state disputes in the EU are to the EUR. Therefore, unless the internal racial disparities bring the US down to a completely chaotic dystopian state like in “Mad Max”, the strategic positioning of the USD will stay stronger than that of the EUR.

Long-term: technical

1.1330 is a strategic resistance level reinforced by the 200-week Moving Average. The price is testing it currently, bending the 2-year downtrend into a straight horizontal direction. To actually break this trend, the currency pair needs to trade consistently above the support of 1.1000, which currently is the nearest tactical checkpoint for bears.

Therefore, even in the case of a long-term bullish reversal, initial retrace down to 1.1000 is likely to happen first. After that, if the EUR is strong, the currency pair will diminish fluctuations to go along 1.1000 or above it (which strategically is more unlikely that not). Alternatively, the EUR/USD will fall back into the downtrend it, and 1.10770 will be there to indicate that.

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: Outlook from Hong-Kong

Geographically, managing Hong-Kong is a sovereign matter of China.

Historically, it became a global issue since the British Empire took over this important city in the XIX century. During the entire XX century, it has been in possession by the British under lease agreement serving their economic and geopolitical interests. In 1997, it was returned to China.

Economically, after the global balance of economic power shifted from the dissolved British Empire to the US, the American interests are now what stands in the way of China taking full control over the city. Hong-Kong’s own interests and independence from China would be an easily resolved problem if it was only between Hong-Kong and China. But it isn’t; that’s why it is so complicated.

Geostrategically, Hong-Kong is an ideal penetration point through which the US can exert their influence and leverage power over China. Playing the Hong-Kong’s “independence and democracy” card, ideologically aligned with the Western rhetoric, against the Chinese “domination and communism” card, the US has a politically outsourced stronghold in Hong-Kong. Its primary target is to attract and consume China’s attention and resources as much as it’s needed to keep China’s international aspirations in check.

Why now

This year’s global political agenda suggests making a “small war” over Hong-Kong and eventually winning it may earn voters admiration to the US President. Namely, Donald Trump. Voices of the reasonably thinking and the moderately patriotic citizens in the US will be shouted down by the admiration of the millions who see their President as strong as ever reinstating “democracy and freedom” in Hong-Kong right in front of China – at the peak of anti-China moods in the US. As always, to make victory one needs an enemy, a war, and an excuse to make it. China, Hong-Kong, and “democracy at risk” are the three respective elements that perfectly fit this narrative.

What now

Hong-Kong to China and the US is the same is Moon to Earth and Mars. As unique and important as it is, Hong-Kong will inevitably drift to the gravity of China, while the US is just too far away. Nonetheless, there will be fights over it for the reasons explained above. These fights, however, have limitations from the US side more than China.

Primarily, there are a lot of American corporations with their regional headquarters, production centers, and outsource bases in Hong-Kong. While Donald Trump may imply that he is it trying to protect their interests over there, practically, any turbulence over Hong-Kong shakes the stability of these corporations operation in this region. That questions the long-term prosperity of these companies and most of all, supply chains. Market sectors dependent on trade would be exposed to the highest risks.

Second, any deterioration of the US-China relations drags investors’ attention to the US dollar. Consequently, the Chinese yuan loses value. It has lost already quite much – in fact, the USD/CNH currently trades at historical highs of 7.20. In theory, that’s unacceptable to the US exporters who cannot compete with cheap yuan. So far, Chinese financial authorities are forcefully suppressing the USD/CNH.

But nothing will be able to stop it increase in the case of further deterioration potential to a second cold war, as warned by the Chinese officials. Therefore, aggressive positioning against China may strike at the US in the long-term keeping the USD as high as ever in the times of prolonged risk aversion.

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. 

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