XTB Analysts Win Bloomberg Rank for Q3 2020

The Bloomberg ranking takes into account the accuracy of forecasts published by brokerage houses and financial institutions around the world. XTB’s analyst team, which consists of among others Walid Koudmani scored a double success, just a quarter after winning the G10 ranking in Q2 2020, confirming its accuracy among nearly 50 financial institutions around the world.

– Financial markets around the world continue to experience high volatility. Nevertheless, our analyst team, including Walid Koudmani managed to achieve a tremendous success, winning in the category of 13 majors and coming second in the G10 category, losing out on the first spot only by a slight margin. Bloomberg’s ranking once again confirms the broad experience and deep market knowledge of XTB’s analysts – said Omar Arnaout, CEO of XTB.

The rankings prepared by Bloomberg are considered the most prestigious in the financial industry. They are updated quarterly and include forecasts published over the past 12 months by the largest global financial institutions, including Barclays, BNP Paribas, JP Morgan, and Westpac. The latest edition of the ranking was prepared at the end of the third quarter of 2020 and summarises the most accurate forecasts from the last 12 months.

The XTB Research Department prepares daily analysis and comments on the current events on both local and global financial markets. The research covers  currencies and equity indices, commodities and cryptocurrencies. Daily forecasts and comments are available at xtb.com


82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

About XTB GROUP

XTB is one of Europe’s biggest brokers, providing retail traders instant access to thousands of financial markets including forex, indices, commodities and share CFDs. As a trusted UK market leader, we’re committed to providing our clients with the technology, education and support to realise every individual’s trading ambitions – regardless of their level of experience.

Everything we do – whether it’s our award-winning platform, personal approach, or comprehensive education – has been shaped to help you become a better trader. Our attention to detail and dedicated client care is built on a foundation of powerful, innovative technology that helps you maximise your trading potential.

Second Lockdowns in Europe: Trading Opportunity or a Trap?

While the consensus view was that a return to lockdown was unlikely, this is exactly what is taking place. When we look at the charts, imposition of lockdown was actually a turning point in March. Will it be the case again this time?

What are governments planning to do?

Economic costs of lockdowns were very substantial: growth cratered and massive fiscal packages were required to stave off a painful recession. Because of these costs and fairly rapid reopening the market consensus assumed the lockdowns would not be repeated. Fast forward to present and the dark scenario is being implemented: monthly lockdown in France, state of emergency in Spain, serious restrictions in Germany. Investors are adjusting their views and positions and equity indices are cratering. For more information visit: XTB

Lessons from March

This is the same pandemic but the situation is different. Back then the pandemic was new and no-one really knew how serious it could become. Furthermore, investors didn’t know that central banks would respond in such aggressive way. As a result, imposition of lockdowns – as we can see on the DE30 chart – was actually a TURNING POINT for indices. Does it mean the recent sell off is about to be over soon?

Market opportunity or a trap?

There are two obvious difference with the spring: levels and central banks policies. Despite recent sell-off indices are still WAY higher compared to March lows. We are not even talking the US indices where US100 is far above pre-pandemic highs. Even looking at the DE30 – the index trades above 11500 compared to the March low of less than 8000. Then again, central banks have been actively forcing investors out of cash by communicating that interest rates will be lower than inflation for a long time. Many investors realized that there are few alternatives to stocks are were waiting for a deeper correction to occur. Such as this one.

DE30 looking for a support

We can never be sure if this is “just a correction”. What we know is that the next support zone for DE30 is between 11000 and 11335 – not too far off.


This content has been created by X-Trade Brokers Dom Maklerski S.A. This service is provided by X-Trade Brokers Dom Maklerski S.A. (X-Trade Brokers Brokerage House joint-stock company), with its registered office in Warsaw, at Ogrodowa 58, 00-876 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. X-Trade Brokers Dom Maklerski S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.

XTB Wins Bloomberg FX Forecast Rank

The forecasts prepared by XTB’s in-house analyst team, of which Walid Koudmani is one of the key members, turned out to be the most accurate in the past 12 months.

The prestigious Bloomberg ranking takes into account the accuracy of forecasts published by nearly 50 brokerage houses and financial institutions from around the world. XTB’s Research Department has been at the forefront of the ranking for years, and previously ranked at the top in 2018.

The rankings prepared by Bloomberg are considered the most prestigious in the financial industry. They are updated quarterly and include forecasts published by the largest global financial institutions, including Barclays, BNP Paribas, JP Morgan, and Westpac. The latest edition of the ranking was prepared at the end of the second quarter of 2020 and summarises the most accurate forecasts from the past 12 months.

Omar Arnaout, CEO of XTB, said: “The past 12 months have been a time of extraordinary volatility on the financial markets. This volatility was caused by a number of factors, with the COVID-19 pandemic having the greatest impact. Therefore, we are more than delighted with the result achieved by our team of analysts, including Walid Koudmani. The knowledge and experience of XTB’s analysts have enabled us to achieve this exceptional accuracy in our forecasts”.

XTB’s Research Department prepares daily analysis and comments on the current events on both local and global financial markets. The research covers currencies and equity indices, commodities and cryptocurrencies. Daily forecasts and comments are available at XTB Market News.


80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

About XTB

XTB is one of Europe’s biggest brokers, providing retail traders instant access to thousands of financial markets including forex, indices, commodities and share CFDs. As a trusted UK market leader, we’re committed to providing our clients with the technology, education and support to realise every individual’s trading ambitions – regardless of their level of experience.

Everything we do – whether it’s our award-winning platform, personal approach, or comprehensive education – has been shaped to help you become a better trader. Our attention to detail and dedicated client care is built on a foundation of powerful, innovative technology that helps you maximise your trading potential.

Special Webinar: Core Models for Trading Price Action – June 27

XTB has teamed up with former hedge fund trader and Wall Street broker Chris Capre for a special exclusive webinar on Thursday, 27th June.

With 18 years of experience under his belt, Chris Capre, verified profitable trader and mentor, combines his depth of expertise with cutting edge neuroscience to wire your brain for successful trading. Learn to improve your trading edge and mindset, hear from a former hedge fund trader and Wall Street broker, and learn how to apply his core model of price action strategy to the forex market.

When: Thursday, 27th June at 6pm

Where: Online

Why attend

  • Learn how trading is more than just a strategy – and how to optimise your mindset to achieve consistent returns
  • Enhance your trading skills and apply a proven price action model to the forex market
  • How to spot trade setups using price action
  • Interact with a former hedge fund trader and Wall Street broker
  • Live trading analysis across several asset classes

Register: To attend this free webinar, simply register for free at: http://xtb.ck-cdn.com/tn/serve/geoGroup/?rgid=121&bta=37491 

Who is Chris Capre?

Chris Capre is a verified profitable trader, former forex broker on Wall Street (FXCM), trader for a forex hedge fund, and founder of 2ndSkiesForex.com. Chris’s primary focus is on trading price action, ichimoku, neuroscience and building a successful trading mindset. He’s taught over 10,000 traders, turning many of them into profitable traders whom are training to become funded traders by Chris.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% of retail investor accounts lose money when trading CFDs with XTB Limited. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Hope for the Best, Prepare for the Worst

Read XTB’s Free Report: 7 Disasters of 2019

Calm before the storm as Brexit worries mount?

It’s been a relatively subdued start to the week for the pound, with sterling making small gains against the US dollar and Japanese Yen, but falling back against the Euro. The US dollar itself may be vulnerable going forward, especially if the Fed adopt a slower pace of tightening – or even pause their current hiking cycle – and this would provide a boost to the GBP/USD rate. However, the biggest driver in this market will likely remain the pound and while the rate has moved back above the $1.27 handle, it wouldn’t be too surprising if we experience fairly quiet trade in the coming days in a kind of calm before the storm as traders await next week’s key Brexit vote on PM May’s deal.

1
The market fell approximately 20% from the day of the referendum to the post-vote low of 1.1992. A 25% drop from the current levels would see price drop below parity to 0.9500. Source: xStation

The GBP/USD has now moved back above the 50 day SMA (yellow line) and in doing so is close to its highest level in a month – and also above where it was before the leadership challenge against PM May in December. Price has spent the majority of the time below the 50 SMA in the past 9 months and the latest push above it is no doubt a pleasing development.  Despite the parliamentary arithmetic making the chances of May’s deal passing through the Commons challenging to say the least, the pound does appear fairly well supported at present and should the PM pull off an unexpected victory then there’s plenty of scope for a relief rally with the next swing level not coming in until 1.3175. As for near term support the 1.27 handle is the first place to look but if this breaks then last week’s low of 1.2405 may be in for a retest.

How far could markets fall in the case of a no deal Brexit?

A lack of agreement between the EU and the UK by the end of March could be ugly for markets and businesses alike. While we always knew this scenario would be negative, the projections by the Bank of England in the event of a disorderly Brexit are truly shocking:

  • GDP could tumble by 8%
  • Unemployment rate could double to above 7%
  • A depreciation in the pound by up to 25%2

    Want more analysis?

    To read more about threats to the markets that could materialize over the next 12 months and how you could take advantage of the volatility, you can download XTB’s report: 7 Disasters for 2019 for free. It includes more in-depth analysis on a Hard Brexit scenario, as well as other threats to the economy including Italexit, escalating Trade Wars, Middle Eastern conflict and more.

    CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.