Orbex Expands Its Product Offering with 11 Major Cryptocurrency Pairs

Orbex, a leading investment firm offering forex and CFD trading services, has announced the expansion of its asset range with the introduction of cryptocurrency trading. Orbex’s new cryptocurrency range comes amid increasing demand for online crypto trading and features eleven of the world’s largest coins by market capitalization including Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple, Cardano, Dogecoin, Polkadot, EOS, Chainlink and Stellar.

Available exclusively on orbex.com, the newly listed cryptocurrencies are all pegged against the US dollar and can be traded on a 24-hour basis on the broker’s world-leading MetaTrader 4 platform. Featuring some of the most sought-after digital currencies, Orbex’s new crypto range affords traders the opportunity to Buy and Sell crypto CFDs and trade their fluctuating prices without having to buy or store digital currencies in a wallet.

The introduction of the new crypto range adds to the broker’s rapidly expanding suite of tradable assets which currently features some of the world’s most popular markets including forex, equities, indices, metals, energies, and futures. Commenting on the news, Orbex Chairman Abdullah Abbas has stated:

“Delivering on our promise of providing our clients access to a wide range of markets at the best possible trading conditions, we are very pleased to announce the launch of our new cryptocurrency offering. Orbex clients can now diversify their portfolio with some of the world’s leading cryptocurrencies, available to trade with CFDs 24/5. At Orbex, we remain committed to keeping pace with market trends and gauging investor demand in order to continue to innovate with new assets, tools, and services for our clients.”

Orbex’s cryptocurrency launch follows the kickoff of the broker’s MENA Forex Roadshow which will see a series of local educational seminars in Bahrain, Oman, Kuwait, and Egypt. Hosted by Orbex’s expert team of market analysts and investment strategists, the MENA Forex Roadshow was designed to give participants the opportunity to gain exclusive insights into what they can expect from the forex markets in 2022 and beyond.

About Orbex

Orbex is a leading global investment services firm offering award-winning forex and CFD trading services at some of the most competitive conditions. Since its inception in 2010, Orbex has committed to providing access to first-in-class trading and investing solutions that are backed by leading education, expert research tools and the ongoing support needed to assist clients in navigating the global financial markets.

INFINOX launches 22 new crypto CFD products

08 Jun 2022 Global trading platform INFINOX has announced the launch of 22 new crypto CFD products on its platform. With the launch, the company now offers a total of 43 crypto coins that can be traded by both retail and professional traders across Latin America, the Middle East, Africa and Southeast Asia.

New coins added to the platform include Ethereum Classic, NEAR protocol, Cosmos, The Sandbox, Sushi, and Axie Infinity, amongst others.

This is in addition to other cryptocurrencies that were already available on the platform, including Bitcoin, Cardano, Polkadot, Ethereum, Ripple, Solana, Dogecoin, and more.

The addition of the new cryptocurrencies will enable INFINOX clients to trade a wider range of coins, and diversify their crypto portfolio, while strengthening INFINOX’s crypto CFD offering.

INFINOX enables traders to access instant and leveraged crypto trading 24/7, with zero deposit or withdrawal fees. The crypto CFD product was launched in March this year. It allows traders to:

– Buy and sell crypto instantly

– Take advantage of 24/7 crypto trading with the availability of weekend trading hours

– Hedge risk through long and short positions in the crypto market

– Enjoy the liquidity benefits of fast entries and exits

– Pay zero fees on deposits or withdrawals

– Trade crypto through a regulated platform

– Copy proven strategies through IX Social, an automated copy trading community app

To find the full list of crypto CFDs to trade, visit us here.

“Crypto is undeniably one of most closely watched instruments in the market right now, especially with the recent volatility it has seen. At INFINOX, we want our clients to be able to take advantage of these opportunities, with access to all their favorite cryptocurrencies in one platform,” said Ulas Akincilar, Head of Trading at INFINOX.

“Our crypto CFD product was launched just in March this year, and is seeing rapid growth at the moment. One of the ways we want to sustain this momentum is with the addition of 22 new coins onto our platform,” Akincilar added.

About INFINOX

INFINOX is a global, online trading provider with a presence in 15 countries. Founded in 2009, for nearly 12 years it has put world-class trading power into investors’ hands. Every day it enables thousands of clients across Europe, Asia and beyond to trade a full range of asset classes, from forex to equities and commodities, and now crypto.

Its business is built on integrity and trust, and it offers customers access to a range of market intelligence tools as well as dynamic products, competitive trading parameters and premium, one-on-one customer service.

Contact

For further information on INFINOX Capital, visit www.infinox.com

For media enquiries, contact Cameron Bowen at cameron.bowen@infinox.com.

AAAFx Set to Unveil Zero Commission ECN Plus Account at the iFX EXPO International 2022

The Pioneering Greek brokerage, AAAFx looks set to revamp its product offerings as part of their mission to continue delivering quality services to their expanding clientele. The international broker will also be offering lower commissions fees for indices, commodities, and stocks. This will be made possible thanks to the new ECN Plus account system that AAAFx will be offering.

AAAFx have been offering trading services across 176 different countries for over a decade now. They are part of a multi-disciplinary and multinational organization known as Finvasia, owners and operators of certain curated companies across financial, technology, real estate, and healthcare verticals. Their presence stretches across seven different office locations in India, the UK, Greece, Cyprus, Mauritius, South Africa, Canada and the United States of America.

What AAAFx Offers

AAAFx have shown tremendous initiative in keeping up with technological innovation. With that being said, they now offer cryptocurrency CFD trading, so traders can now benefit from favourites such as Bitcoin, Litecoin, and Ethereum. As decentralized currencies increase in both demand and acceptance, AAAFx offers three of the best platforms in the world to trade them on, ZuluTrade, MetaTrader, and ACT Trader.

The global partner in trading offers users very compelling account perks such as:

  • 0% interest on Islamic Accounts.
  • Ultra-low commission as low as $2.5 per side.
  • Lightning quick instant deposits that can refill your account with the click of a button.
  • Numerous ways to withdraw your money.
  • Easy access to the largest social trading community on the internet.
  • 24/5 live support!

AAAFx are delighted to announce the launch of their ZERO commission account! You can enjoy $0.00 commission on Forex deals with an ECN Plus account. Let’s explain how it works.

A regular ECN account has a $0.99 commission (per $100k). Over time, those fees can add up significantly. The ECN Plus account removes ANY and ALL commission (per $100k) on Forex trade deals.

As always, members of this account benefit from raw thin spreads at no mark-up and at incredibly fast trade execution speeds.

AAAFx at the iFX EXPO International 2022

AAAFx will be joining a whole array of Forex and Fintech companies at the iFX EXPO International 2022 in Limassol, Cyprus from the 7th to the 9th of June very shortly.

The Palais des Sports in Spyros Kyprianou will play host to the largest financial B2B expo, and AAAFx are planning on leaving their mark on the event in the best way they know how.

They’re going to be both the official Gold Sponsor and the Night Party Sponsor of the expo, going above and beyond to showcase their vision of reaching the pinnacle of the financial services world. They’ll be exhibiting at Booth 113, so make sure to drop by and ask them all about how you can benefit from opening an exclusive ECN Plus account!

“Big announcements need big stages. We found the iFX EXPO to be the perfect setting to unveil our exciting news.” said Panagiotis Tanampasidis, CEO of AAAFx. “We’re not just expanding in size and strength, but in our services as well. We’re laying down the gauntlet and setting the standard for what companies should strive to achieve!”

For more information regarding AAAFx, you can visit their official website.

Capital Wallet Announces Two Significant Leadership Changes

  • Leadership changes set to help Capital Wallet expand into new markets and launch new products seamlessly.

Leading crypto solution provider, Capital Wallet, has announced two new executive appointments. The Estonia-based company, which is a FINVASIA Group alliance, welcomes fintech specialist Fotis Fotinias as the new Capital Wallet CEO and technology scaling expert Abha Garg as Executive Director.

Together, Fotis and Abha bring significant insight and expertise that will assist in Capital Wallet’s strategic transformation through technology and innovative product offerings. The newest board members will help to oversee the company’s expansion into new markets and will be instrumental in the launch of innovative new products on a wider scale.

With Capital Wallet’s leadership very much in the spotlight, here’s a rundown of what the new appointees can offer a company which already specialises in the secure buying, selling and trading of cryptocurrencies including Bitcoin, Litecoin, Ether and more.

Fotis Fotinias – Capital Wallet CEO

As an industry leader in the Financial Technology Business sector, Fotis has over 15-years of experience specialising in business management, blockchain technology and trading applications, in a fast-paced global business environment. While he’s held several Board of Director roles for regulated firms, Fotis has spent more than a decade in AAAfx, working up from being a Financial Risk Manager to Managing Director, a role he thrived in from 2017-2020.

Fotis’ past successes also include leading a cryptocurrency mining company with operations across Europe and Asia, operating with more than 10,000 miners in four different locations. This experience has led him to Capital Wallet where he strives to use his extensive knowledge to create an even more progressive and forward-thinking environment, resulting in market leading blockchain-based exchange solutions that are accessible to all.

Speaking of his recent CEO appointment, Fotis said: “I’m looking forward to executing the company’s plans and I’m confident that I can contribute valuable experience towards delivering an excellent cryptocurrency solution to the market.”

Abha Garg – Capital Wallet Executive Director

Capital Wallet is thrilled to welcome Abha Garg as the new Executive Director. As an enthusiast for solving real-world problems with modern technology solutions, she’s a great addition to a cutting-edge crypto trading provider with extensive expansion goals.

Abha has spent years creating, scaling and optimising technology products that matter and is aware of how fast the sector moves and the pressures that come along with this. With seven years of experience in the fintech industry, Abha has enjoyed positions in product management, product marketing, strategy and business management within FINVASIA Group. She further expanded her knowledge of business management at a global level by taking a Master’s in Business and Marketing from Warwick Business School UK in 2019 and joined ActTrader Technologies as a Product Owner.

During this time, Abha combined her acquired strategic vision with product knowledge of technology solutions to devise cryptocurrency-based solutions for business. Her interest in blockchain technology application and expertise in strategic planning aligned her vision with Capital Wallet’s mission of building a bridge between the traditional and modern financial systems as a medium of exchange.

Discussing her recent appointment as Executive Director of Capital Wallet, Abha said: “I am really excited to contribute to the company’s strategic vision of creating secure and scalable cryptocurrency solutions, accessible to everyone.”

About Capital Wallet

Capital Wallet offers a simple way to buy, sell and trade digital assets via a robust trading platform that’s suitable for both beginner and professional traders. Clients have access to top-tier liquidity and a wide range of trading tools along with a secure and efficient trading environment. Capital Wallet’s mission is to simplify the digital currency world and create a safe, accessible place to trade and invest in digital assets. Traders can access over 400 digital currencies at best prices and benefit from a simple, fast and secure sign up and verification process.

USD/JPY Hits Fresh 20-year Highs

JPY pressure is intense at the moment. 10-year US Treasury yields have moved above 3% and oil is at $120 per barrel. As long as those yields are rushing higher, momentum is bullish in USD/JPY.

This only slows if the Bank of Japan is ready to climb down from its commitment to the yield-curve-control policy under which it caps the 10-year Japanese Government Bond yield at 0.25%.

Elevated energy prices also do not help JPY as the country is a net energy importer. Verbal intervention may grow louder now, but the BoJ continues to view the weak yen as mainly positive.

Technically, the recent high in USD/JPY was 131.349 so this becomes support. The January 2002 high is the next key upside level at 135.15. After that the October 1998 top is 136.89.

Prices have entered overbought territory, but this hasn’t stopped the major advancing further in the past.

RBA surprises with bigger rate hike

The RBA raised the cash rate by 50bps overnight, fully unwinding the emergency cuts seen during the pandemic in 2020.

The bank said the economy is resilient and inflation is expected to increase further before dropping back towards the 2-3% range next year. Policymakers expect to take further steps in the process of normalising monetary conditions over the months ahead which likely means more 50bp rate hikes in the coming months.  Future rate increases will be guided by inflation and labour market data.

The consensus view had been for a 40bp hike with the market pricing in 28bps before the meeting. This is slightly out of character for a central bank that has always seems to characterise itself as on the dovish side of the Fed.

But the market is very aggressively priced for rate hikes going forward as the RBA front-load and global growth risks next year may tilt towards a shorter RBA hiking cycle.

AUD is struggling this morning with sour risk sentiment. The 200-day and the 100-day simple moving averages have capped the upside so far, at 0.72563 and 0.7229. The Fib level (38.2%) of the April/May move comes in below at 0.7147.

Risk sentiment cautious

Traders in general appear to be in a watchful mood as they eye up the ECB meeting and latest US inflation data later on in the week.

Both European and US futures are in the red after a choppy session on Wall Street overnight.

The dollar is trying to break out of recent consolidation with a move to the upside.

US equities pared gains at the close with the S&P 500 closing 0.3% higher after advancing as much as 1.5% during the day. The Dow closed near sessions lows, eking out a 16-point gain. US-listed Chinese stocks helped the Nasdaq rise 0.4%. Cyclical stocks outperformed defensives for the eighth time in the last nine sessions.

This essentially means the most oversold sectors are benefitting the most in the relief rally.

The blue-chip US equity benchmark, the S&P500, has been trading in a relatively narrow range over the last few days around the February low at 4105. After several weeks of wild swings, the broad S&P index ended May at almost exactly the same level it started.

Looking at various historical episodes, equities may not have found the trough yet, given headwinds of further aggressive monetary policy tightening from central banks, the risk related to the war in Ukraine which is clearly systemic, and commodity markets performing strongly.

This month’s low at 4073 is initial support. On the flip side, last week’s high in the S&P500 at 4177 is the near-term target for bulls. The Fib level (23.6%) of the March 2020 low/January 2022 high sits above here at 4198, with the 50-day simple moving average at 4227.

For more articles visit FXTM.

The Importance of Education in Trading: IronFX Forex Webinars

Trading with confidence is essential for every trader, whether they are just starting out or are experienced. To trade with confidence means to have the necessary tools and services to support your trading journey. Education is one of these and IronFX is dedicated to providing high-quality educational resources which are tailored to each trader’s level. More recently, the leading broker has launched Webinars, a new page which offers a rich resource for traders in various languages.

Forex Webinars with IronFX

IronFX’s new feature gives traders access to useful trading tips and expert insights from various educators who have experience in the financial and online trading industry. Traders can improve their trading and enter the markets with confidence without spending too much of their valuable time trying to find the right resources online. IronFX’s webinars provide an easy and straightforward access to trading insights from analysts and educators with years of experience in the field.

Empower your trading

The educational webinars are completely free and easily accessible via the website. They are designed to help traders improve their strategies and

polish their trading skills. While information is available online, IronFX’s experts provide valuable information, tried and tested strategies and insights right from the heart of trading.

IronFX

This is why registering with a leading and recognised broker is essential for every trader, as you will get access to practical and useful resources and education that is characterised by quality and is based on years of experience of working in the fast-paced forex industry. IronFX has long shown its commitment providing some of the best forex resources and for the last years it has invested in enriching traders’ knowledge and information around trading.

For those who want to understand forex better, IronFX’s webinars are a good place to start. Developed for both beginner traders and more advanced traders, each forex trading webinar focuses on key aspects of trading and provides a detailed yet comprehensive look at the world of trading. For more educational resources, or to access our newly-launched podcasts and webinars, head over to IronFX’s website.

https://www.ironfx.com/en/ironfx-trading-school/webinars

Senior Leadership Changes at Fxview Announced for Long-Term Success

  • Finvasia Group prepares recently acquired Fxview for European expansion
  • Senior management changes further strengthen the company’s diversity

Leading fintech conglomerate, Finvasia Group, has made senior leadership changes at Fxview, in preparation for a significant European expansion. Having acquired the leading, Cyprus-based forex brokerage back in June 2021, Finvasia is now taking a more active business management role in a bid to secure future growth, while continuing to deliver for both clients and stakeholders.

The management overhaul has been announced with immediate effect and has been designed to further strengthen the company’s diversity at the most senior levels. In a sector that continues to be male dominated, Finvasia’s actions make a very clear statement that women are not only welcome in fintech but can take the reins.

As an FX brokerage offering ultra-low commissions, tight spreads, multiple trading platforms, various trading tools and cutting-edge technology as well as exceptional client support and a clutter-free trading environment, Fxview has exceptionally high standards. New leadership is set to further strengthen the brand as they head towards expansion into the global markets. The senior management changes are as follows.

Janis Anastassiou – Managing Director, Financial Intermediation Finvasia

Further fuelling its management prowess in the financial services industry, Finvasia Group has hired industry veteran, Janis Anastassiou. With 12-years+ in leadership roles, including 8-years as a CEO overseeing financial intermediation in Europe and Asia Pacific. Janis brings extensive experience in FX markets across various jurisdictions, ranging from Australia to London.

Janis will lead alongside the Finvasia Group’s management as it invests to scale for long-term product innovation, growth and expansion. She will take on the role of Managing Director in Finvasia’s financial intermediation vertical and use her deep experience of working with global companies to lead, accelerate and expand the company’s suite of products.

Prior to joining Finvasia, Janis has been instrumental in driving competitive advantage and continued growth in large multi-jurisdictional organisations including Group CEO at Xtrade. She holds an MBA from CIIM – Cyprus Institute of Management and a Bachelor of Science from Monash University Australia.

Despina Savvidou – Head of Brokerage/Executive Director

With over 15-years of experience in the financial services sector, Despina has been appointed as the new Head of Brokerage/Executive Director for Fxview. She specialises in trading operations and risk management and has a proven track record in delivering change and implementing new processes – skills which are invaluable to Fxview at this time.

Prior to joining Fxview, Despina has worked in various departments for top finance brands including Axiance and TFI Markets. She’s gained strong understanding of CFD Brokers operations and the full client experience cycle, as well as Compliance and Risk frameworks.

Katalina Michael – Director of Compliance, Finvasia

With more than 25-years of experience, Katalina has led companies through various regulatory challenges, helped develop vision and strategic plans, driven regulatory business improvement and has help brands to grow efficiently, while maintaining a low-risk profile. She is attentive and highly experienced in keeping regulatory exposure under control and will join Finvasia’s management team as Director of Compliance for Fxview.

Prior to joining Fxview, Katalina was Head of Compliance at BDSwiss for over four years and held a similar role at Lead Capital Markets LTD. Other career highlights include landing the role as Risk and Compliance Manager for Grow Wealth Assets Limited.

Ziad Dawas – Director of Finance, Finvasia Cyprus Office

Ziad brings over 15-years of financial experience to Fxview, including six-years at CFO level. He is a multi-lingual Chartered Accountant with exposure in various sectors including Oil & Gas, Shipmanagement, Funds, Private Equity, IT and Real Estate & Hospitality.

Prior to joining Fxview, Ziad helped drive the success of multiple financial organisations including KPMG and Deloitte. He was also appointed Chief financial Officer at KMG Capital Markets Limited, a role he’s thrived in since 2015.

A Finvaisa Group Welcome

Finvasia Group is thrilled to welcome new leadership onboard stating:

“We are excited to welcome these highly-energised leaders to our team. Their addition is a tremendous complement to our existing team. With these changes, we are confident that Fxview and all the brands under our financial vertical umbrella will be in a stronger position to deliver innovative products and services.

The opportunities in front of Finvasia Group and all its brands is vast. The Board of Directors believe that the next few years will require transformational leadership to match these opportunities. We are sure that the new leadership team will carry on our mission of building ethical and innovative products.”

About Fxview

Fxview is leading the forex industry by creating the lowest spreads and commission levels compared to the rest of the industry. We provide clients an extensive trading experience by offering ultra-low commissions, tight spreads, multiple trading platforms along with various trading tools, cutting-edge technology, great client support and a clutter-free trading environment. We are on a mission to revolutionise the forex industry by creating ethical products that will cater to the needs of new age investors and help them grow their wealth with our decades worth of experience in technology and financial services.

Fxview is a brand owned by Finvasia Group – a leading Fintech conglomerate which was established in 2009. Our group owns and operates over a dozen products across financial services, healthcare, technology, block chain, real estate and technology. Over the last 13 years of our history, we have managed funds for some of the notable hedge funds of Wall Street, launched the first and only commission free ecosystem for listed and fee based financial products in India, provided technology to some of the most notable listed, and unlisted, financial services entities across the globe. Over the course of these 13 years, we have catered to millions of clients in over 180 countries.

Fxview is regulated by the CySEC and the FSA in South Africa and the group is regulated / registered with over 30 different regulatory bodies across Europe, Africa and India.

What a Day for Oil Markets!

What happened today in the crude oil markets?

Here’s a quick recap:

  1. Brent gapped down: The Financial Times issued a report that Saudi Arabia may send more barrels out into the world.
  2. Brent erases losses: OPEC+ confirmed a larger-than-expected hike to its output for July and August to 648,000 barrels per day. That’s about 50% more than the expected 430,000 output hikes that had been widely expected.
    Yet,  markets seemed to think that any potential ramping up of Saudi/OPEC+ output may have less of an impact on global markets than initially feared.
  3. Brent climbs higher, then pares gains: The EU approves a 6th round of sanctions. Member states would be banned from importing Russian oil that’s delivered by sea (as opposed to pipelines over land) in six months.
  4. Brent restores gains: According to the EIA, US inventories of crude oil posted a drawdown of 5 million barrels, which is much larger than the market-estimated 2.1 million barrel drop.

Such rapid-fire developments resulted in heightened volatility in oil prices on a day that was initially expected to see another ho-hum session.

Before we take a closer look at some of the developments stated above, let’s first revisit the basic rationale for movements in oil prices.

What drives oil prices?

Fundamentally, oil prices react to supply and demand.

  • When there isn’t enough supply to meet demand, prices tend to rise.
    (for example, consider how sneakerheads bid up prices to get their hands on limited-edition Jordans or Yeezys).
  • When there is more supply than demand, prices tend to fall.
    (e.g. discounts that are offered by grocery stores for goods that are idling on their shelves)

Furthermore, note that markets are forward-looking in nature.

In other words, investors and traders move prices based on information or beliefs they have at present about what the future may hold. Current prices reflect tomorrow’s outlook.

OPEC+ decision and EU sanctions

And that now brings us to today’s big two, oil-related announcements: the surprise OPEC+ decision + the latest EU sanctions aimed at Russian oil imports.

1) Larger OPEC+ hike? Markets go ‘meh’

For context, OPEC+ has had an agreement in place since July 2021, whereby members ‘gradually’ restore the output that had been shuttered since the pandemic.

And by ‘gradually’, they meant raising output by 400,000 – 432,000 bpd per month.

Hence, today’s announcement of an extra 50% for July and August 2022 may seem like a big jump, at least on paper. Furthermore, today’s move appears to be a dramatic shift away from the alliance’s ‘gradual’ stance.

However, what OPEC+ says vs. what OPCE+ does are two very different things.

Markets have had their doubts for a while about whether OPEC+ can actually deliver what it says it will do, considering that OPEC+ had collectively under-delivered in recent months.

The likes of Angola, Nigeria, and Libya have struggled to meet their respective ramped-up output quotas due to the lack of investment and political unrest. Though to be fair, Nigeria did raise its output in May registered a climb for the first time in four months, up to nearly 1.5 million bpd.

Overall, while OPEC+ points to a substantial increase in output, markets think that what will actually be delivered will not be enough to keep pace with the global economic recovery.

2) EU sanctions provide bigger boost for oil bulls

Markets are also of the opinion that it’s the prospects of more Russian oil being inaccessible to global customers that will be more keenly felt than any additional OPEC+ output.

  • As a simple reference, Russia pumped an average of about 10.2 million bpd last month.
  • Compare that versus the combined 400,000 bpd in extra output (which were initially slated for September’s output hike) that OPEC+ is bringing forward across the next two months.

Contrasting those two sets of numbers would give an immediate sense that the further choking of Russian oil is set to have a far greater impact on global oil supplies than what OPEC+ has pledged.

Overall, markets are already getting the sense that oil is set to remain scarce in the months ahead.

Countries that are already thirsting for the black commodity could well find it even harder to get their hands on the barrels of oil that they desperately need and want, more so when China further eases up on its virus-curbing measures.

Hence, oil prices are set to remain in a well-supported environment, evidenced by how quickly oil erased its losses today.

For a look at all of today’s economic events, check out our economic calendar.

For more information, please visit FXTM.

What Traders Need to Know About the Stock Price Volatility Index Known as the VIX

Daily volatility of the S&P 500 is forecasted by a tool called the VIX, also known as the fear index

The exchange ticker VIX is short for the Chicago Board Options Exchange Volatility Index – also known as the “fear gauge” or the “fear index”.

The VIX is a complex measurement based on trading in S&P 500 (US500) index options. It can be used by equity investors to forecast volatility in share prices. Through a variety of trading instruments, sophisticated investors may also use the VIX as a hedge against losses.

The past few weeks have seen the VIX hover above the value of 20 – a point which is considered to reflect a large amount of market uncertainty and higher than average near-term volatility.

CBOE Volatility Index (VIX) live chart

What is the VIX?

As Piero Cingari, Analyst at Capital.com explains: “The VIX is a forward-looking indicator of expected volatility in the stock market. Specifically, it estimates the projected 30-day volatility of the S&P 500 index by monitoring options prices’ liquidity every day.”

Simply put, the VIX tells us the level of expected volatility for the next 30 days.

So, by observing the VIX, investors can judge the level of risk or uncertainty they can expect in the near term.

The VIX was created by the Chicago Board Options Exchange (CBOE). It is measured using options on the S&P 500, also known as SPX options. Due to the continuous price fluctuations of these options, the VIX is also quite unstable.

How to read the VIX

To make the index more useful, it is best to think of it in levels. Different VIX levels indicate different levels of volatility in the market. Although these levels are not set in stone, they are commonly viewed this way:

VIX 0 to12

Volatility is expected to be low. The last time this occurred was in November 2017.

VIX 13 to 19

Considered a ‘normal’ level of volatility.

VIX over 20

High amount of expected volatility in the market.

VIX over 50

Catastrophic, unexpected events triggering massive uncertainty: the only times this has occurred was during the Global Financial Crisis of 2008 and during 2020 amid the onset of the Covid-19 pandemic

S&P 500 (US500) and VIX (VIX CFD) percentage change over the past six months

Chart of VIX and S&P 500 movements over the past six months

VIX and S&P 500 percentage changes – Credit: TradingView

How can the VIX be used?

1. Forecasting market sentiment

The VIX is one of the most reliable tools for estimating upcoming volatility. This is important for short term traders who want an idea of what to expect in the market for the upcoming 30 days and adjust their investments accordingly. Long-term traders, such as institutional investors, also use the VIX as a guide to whether they need to increase or decrease their hedging positions.

2. Hedging equity investments

The VIX has an inverse relationship with the S&P 500. Historically, the when the S&P 500 declines in value, the VIX increases. This relationship can be used to the traders advantage, by using the VIX to protect against price losses in the equity markets.

3. Can you invest in the VIX?

The VIX is a synthetic measurement, so it is not directly tradable. For more sophisticated traders, there is potential to gain indirect exposure to the VIX via options, futures, CFDs and even ETFs. These trading instruments can be expensive, so novice investors should research them carefully and seek advice.

What the VIX is telling us right now

Cingari says: “The VIX is trading at 28 levels as of the end of May 2022, that is a quite elevated area compared to the 5-year average, which is at about 20.”

Cingari concludes that VIX is likely to remain elevated for some time to come: “Clearly, we’re a long way from the incredible spike in March 2020, but that was a one-off event that resulted in a massive and rapid drain of liquidity from the financial system. However, in a context of rising interest rates, economic (high inflation) and geopolitical (conflict in Ukraine) threats, the VIX might continue to trade above its 5-year average for some time.”

The difference between trading assets and CFDs. The main difference between CFD trading and trading assets, such as commodities and stocks, is that you don’t own the underlying asset when you trade on a CFD. You can still benefit if the market moves in your favour, or make a loss if it moves against you. However, with traditional trading you enter a contract to exchange the legal ownership of the individual shares or the commodities for money, and you own this until you sell it again. CFDs are leveraged products, which means that you only need to deposit a percentage of the full value of the CFD trade in order to open a position.

But with traditional trading, you buy the assets for the full amount. In the UK, there is no stamp duty on CFD trading, but there is when you buy stocks, for example. CFDs attract overnight costs to hold the trades (unless you use 1-1 leverage), which makes them more suited to short-term trading opportunities. Stocks and commodities are more normally bought and held for longer. You might also pay a broker commission or fees when buying and selling assets direct and you’d need somewhere to store them safely.

Capital Com is an execution-only service provider. The material provided on this website is for information purposes only and should not be understood as an investment advice. Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. If you rely on the information on this page then you do so entirely on your own risk.

FBS Has Fulfilled Inspiring Dreams of Its Traders

FBS gives its clients an opportunity to earn and make their dreams come true. Thus, the international Forex broker has fulfilled the wishes of many traders and keeps on doing the regular Dreams Come True contest. To sum up the results, FBS rolls out a new video with its happy traders.

Share a wish & make it real

Almost everyone has a dream. But how often and fast do people reach it? It seems that a great dream is harder to achieve. But it’s wrong. Big dreams lead to big things and inspire others.

FBS is one of those who its clients inspire. Thus, the broker holds the monthly contest, Dreams Come True, giving its traders a chance to fulfill their wishes.

To participate in the contest, traders of FBS should simply share the promo post on their Facebook pages, specify their dreams, and tag two friends. That’s it! The most touching wishes are chosen to be reached with the help of FBS.

During the last year, FBS has helped many traders to grow themselves and do great things for others. Let us see how traders’ dreams have changed the world for the better.

Support each other

The year 2021 started with good deeds. In January, Holman Poveda, a trader from Colombia, shared his biggest dream to support low-income mothers about to give birth.

FBS couldn’t just walk by it and has collected and transferred welcome kits for babies to Holman. He has already delivered the packages to several hospitals in the south of Bogota. Now the newborns are surrounded by care, and their moms can breathe a sigh of relief.

Reach own potential

FBS also appreciates personal endeavors. That’s why the dream of Mohamed Labandji Mohamed from Algeria was fulfilled next.

He wishes to become an inspiring YouTuber and asked for a tool to film and edit the videos. Thus, FBS has presented Mohamed with a new iPad 5 mini to help his channel blow up with new subscribers.

Another trader, Mahmoud Mohamed from Mansoura, dreams of doing a library project. He has got a new photocopier and printer from FBS, and he can achieve his goal faster now.

The passion of a young trader from Côte d’Ivoire, Djahe Diplo Ange Kevin, is a football. He wishes to train himself not only in sports but also in trading, and he has chosen FBS as a broker. Participating in the Dreams Come True contest, Djahe asked for football equipment; FBS has brought it to him. Both goals are achieved!

Share kindness

Albanus Mtitu lives in Tanzania and cares about people from his country. His dream is to create a documentary about the hardships that children of rural Tanzania face when getting a school education. The noble aim is to inform more people about the educational problem in Tanzania. To make the shooting happen, Albanus needed a camera, and he got it from FBS.

Stay resilience

A wonderful person from Syria, Mohammed Mazen had a happy life managing his little restaurant until the war came and left him with nothing.

However, Mohammed goes for his dreams. He starts afresh and needs a bit of help. Inspired by his stamina, FBS was glad to help his business prosper and gifted him a fridge, meat grinder, and blender.

FBS has created [an inspiring video] available on its YouTube channel. Everyone can watch it to make sure – your dream is possible to fulfill.

Dare to dream big

All these stories prove how important to have a dream. Do you want to get new sneakers for running or donate to some charity? It doesn’t matter. The matter is that a dream drives our success and motivates us never to give up and always reach new heights. It makes life worth living.

Everyone, who has a wish, can join FBS and use a chance in Dreams Come True. This contest is held regularly, and the terms are simple. Maybe it is time to reach your desired wish? Just be brave to have a dream and share it with people!

More about FBS

FBS is an international brand trusted by over 23 million clients from more than 150 countries. Independent companies united by the FBS brand are devoted to the clients and allow them to trade Margin FX and CFDs. Such licensees as CySEC (Tradestone Ltd), ASIC, and IFSC regulate these companies. FBS constantly holds new promotions and contests, including joint giveaways with Leicester City Football Club, its Official Principal Partner.

Leading German broker FXFlat Bank is coming to France

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FXFlat Bank, a German-based multi-product broker, is expanding into France in a major move that opens the door to Europe’s second largest market.

France is home to one million investors and FXFlat is entering the territory with a modern offering that meets the needs of today’s individual traders.

“France has become the most active country in Europe in terms of trading volume and the French are the most educated investors in Europe. I am confident that our offer will meet their sophisticated expectations” said Samed Yilmaz, CEO of FXFlat Bank.

FXFlat and its zero commission offer on CFD stocks, forex, indices, etc.

The BaFin-regulated brokerage firm also has a European passport that allows it to expand its operations throughout Europe, and France is the first country on the list.

Heading the French operation is Raphaël Leblond, head of FXFlat France, who will lead a team of French employees to ensure the best customer support for its users.

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Raphaël Leblond has accepted the challenge of leading FXFlat’s French operation after working for ten years at a leading online FX and CFD broker, where he held several positions, including Sales Director for nearly four years.

FXFlat’s French clients will have access to commission-free trading with the FlatTrader platform and the product offering includes over 1,200 instruments, from stocks to indices, Forex, metals, commodities and more.

FXFlat has stood the test of time. Founded in 1997, the broker has proven time and again its commitment to responsible risk management, quality customer service and world-class product offerings, in full compliance with some of the industry’s most respected regulators.

Open a FlatTrader demo account.

Investor deposit guarantee up to €500,000 per client

Another key factor that may encourage many French investors to open an account with FXFlat is the deposit guarantee system of up to €500,000, per individual client.

The BaFin regulation provides the basis for this and offers in case of insolvency up to 90% of the investor’s claim from securities transactions, up to a maximum of €20,000.00 per investor. In addition, FXFlat Bank has taken out a separate insurance policy for its clients, which can cover up to €500,000.00, in case the statutory deposit insurance is no longer sufficient.

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Access to over one million stock market products

FXFlat’s French clients will also have access to over a million instruments including Futures, Stocks, Cryptocurrencies, Options, ETFs, and more through the Trader Workstation platform.

They will be able to invest on Micro-DAX-Future from €0.80 per contract and on Option from €1.90.

This is due to the cooperation between FXFlat and Interactive Brokers that started 10 years ago.

French clients have the opportunity to open accounts through three different branches (IBCE, IBIE, and IBLLC) at Interactive Brokers.

Try out a demo of the Trader Workstation platform.

FXFlat at the Technical Analysis Fair on April 1, 2022

The multi-product broker, which operates under the STP (Straight Through Processing) model, will hold free seminars with its clients every month in Paris. External traders/analysts will also be invited to lead these trading education days.

FXFlat also participated in the Technical Analysis Fair on April 1, 2022, to meet with French retail investors and show them its offerings and services.

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“This is a must-attend event for all trading and stock market enthusiasts. We have marked this day by our presence, both on the show and in the proposed conferences. We were able to meet with retail investors in France and showcase our innovative offering,” said Raphaël Leblond, Head of FXFlat France.

As trading becomes more popular than ever with retail investors, FXFlat is aiming high and intends to become a major player in the French trading industry.

Create a FXFlat demo account.

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Dollar Bulls Hoping for Some Succour from NFP

Written on 01/06/2022 by Lukman Otunuga, Senior Research Analyst at FXTM

The constant tug of war between inflation concerns and slowing growth is proving for the most part, a heavy burden on risky assets. Meanwhile, the dollar is trying to stabilise as it heads into the main data point of the week, the monthly US non-farm payrolls data.

Although US employment does look to be losing momentum, growth is still relatively healthy, consistent with a further drop in the unemployment rate. The headline print is forecast at 317k in May, down from 428k the previous month. The jobless rate is expected to have fallen to 3.5%, its lowest point since February of 2020. Revisions to the previous headline numbers will also be a focus as the employment forecasts for three of the previous four months have been well below the reported figures.

The main issue will most likely be the lack of workers with nearly double the number of vacancies for every unemployed American. This tight labour market means that robust wage growth is likely, with the average hourly earnings month-on-month number estimated at 0.4%. We will get an update on vacancies with today’s JOLTS report which is forecast to show a slight decline to 11.3mn in April from the 11.5mn figure in March.

Slowing jobs growth going forward?

Another hot employment report could give a boost to the greenback after investors recently lowered their expectations of how high the Federal Reserve will hike rates this year. Markets have fully priced in two more 50bp rate rises for June and July, but what happens after the summer is the interesting question. A split seems to be developing at the FOMC between those wanting to reassess the data before September and more hawkish officials who wish to continue with 50bp hikes to make sure inflation is brought under control.

Employment growth may slow further going forward, especially as policy tightening takes effect. With rising inflation, participation might also strengthen, marking out the jobless rate at 3.5% a potential low for the cycle. Wage growth too may increase at less than the rate of inflation. This means real incomes will fall through the year.

USD holding onto support

The greenback has fallen since hitting twenty-year highs in mid-May. The Fed tightening narrative has taken a hit while other countries play catch up to raise rates. Slightly improved risk sentiment has also encouraged traders to buy cyclical, growth currencies as commodity prices rebound higher. The DXY has bounced off the 50-day simple moving average at 101.51. It hasn’t traded under this since February so will act as strong initial support. The key psychological 100 market sits below.

For more information, please visit: FXTM

Disclaimer: This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performance. FXTM, its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available and assume no liability for any loss arising from any investment based on the same.

The Game-Changing Minerva Algorithm and the Team Behind It

Advanced technology is closing the gap between institutional traders and Prime-of-Prime (POP) brokers in terms of premium execution. Minerva, a revolutionary algorithm-fuelled product by MFP Trading, has taken this a step further. It is turning hedging from a cost-centre into a profit centre, where institutions and retail brokers can earn more than the typical “pay the spread” approach.

We spoke to Head of Sales at MFP Trading, Francois Nembrini, about this innovative technology and what led to its creation. Francois brings with him 15 years of experience in the global financial services industry. Before MFP Trading, he served as the Global Head of Sales and Trading at London Capital Group. He was Global Sales Head at FXCM Pro/Fastmatch for over 13 years.

How has your experience contributed to the company’s vision?

While most people in the FX industry will either have expertise in the retail or institutional arena, I have had the chance to sit between both worlds for most of my career. Fastmatch, where I served as Global Head of Sales, was one of the largest institutional spot platforms (now part of Euronext). It was then still a part of FXCM, one of the largest retail margin houses at that time. This unique position gave me insight into both markets and clear ideas on the best ways to serve both customer bases.

What hidden opportunities did you see that may contribute to MFP Trading’s success?

The main issues in the institutional market is twofold. Firstly, market making is now concentrated among fewer financial institutions. The cost of technology to run a full FX market-making firm is high. Today, there are less than 10 major players in the market.

We have seen a couple of non-bank market-makers popping up recently, but it does not compensate for the many banks that have scaled-down their market-making efforts. Most banks focus on their franchise customers only, and even large banks, such as Citibank, have reduced their market-making services to a handful of platforms.

Secondly, increased regulation and monitoring have impacted trading strategies that are now allowed for market makers. For example, strategies using information from directional flow have been scaled down or stopped, for compliance reasons. At the same time, market-maker protections like last-look times have been shortened. As a result, focus is primarily on the easiest and most profitable strategies.

Market makers have become extremely picky now when it comes to flows. They look for customers with “perfect attrition curves.” This has led to a situation where liquidity is being sold at a premium price for most institutional traders; spreads are larger here. MFP Trading, with its advanced technology, has been able to customise liquidity needs for clients. This is where it has been able to thrive.

How is Minerva different from other trading tools?

Minerva is a unique tool that bridges the POP/retail broker trading interest with the institutional customer. It is a passive approach to execution, where clients show their interest rather than a typical “pay the spread” approach. It removes liquidity providers (LPs) from the equation for the POP/retail broker altogether.

Can you elaborate on how the platform does this?

In a typical “pay the spread approach,” the retail broker sends his interest to an LP, which will hold risk until it finds the other side of the trade in the institutional market. The LP then captures the spread for this service. Minerva does this job directly for the POP/retail broker. With Minerva, the POP/ retail broker becomes the LP to the institutional market directly.

Since brokers don’t need to pay spreads anymore, this results in a decline in trading costs. Moreover, Minerva brings in extra revenues for them, in the form of the brokerage rebate that we charge institutional clients for customised liquidity.

How does Minerva address hedging concerns?

If you are a retail/POP broker, Minerva will simply allow a more granular approach to risk management. In an A book, you get rid of risk immediately, while in a B book, you hold it for a long time. So, why not create an intermediate, or I, book with Minerva, where you try to match your interest with an institutional client, the same way bank LPs do. This is where Minerva fits into your hedging tools.

How does the MFP quant team equip brokers to make the best decisions?

Quants do the analysis to help brokers understand how much money they can make on their flows as an LP. It all boils down to the “attrition curve.” The curve answers questions like what happens to the market after the customer trades for 1 sec, 5 sec, 10 sec, 30 sec, 1 minute, and so on. Customers who have perfect attrition curves across all timeframes see extremely tight spreads. These attrition curves are favourable to market makers, allowing them to sit on the trades for a long time, without much risk.

Our team builds the attrition curve based on clients’ historical data. It then identifies areas where passive Minerva type hedging strategies will bear maximum results, compared to “pay the spread” strategies.

What is your vision for the future of MFP Trading?

I aim to make MFP the direct bridge between institutions and POP/retail brokers interest. We strive to help customers not to pay the spread, by providing deeper liquidity to institutions not found elsewhere in the market.

You will be presenting a workshop at the iFX EXPO International. What can brokers expect to gain from this workshop?

The workshop will be valuable for anyone interested in getting a detailed understanding on how institutional market makers make money on order flows. We will give an in-depth view of the concept of Minerva’s intermediate hedging book. We will also review a case study showing exactly how a flow can be assessed, along with savings from a Minerva-type hedging approach.

MFP Trading will be at iFX EXPO International 2022, being held at Palais des Sports, Spyros Kyprianou, Limassol, Cyprus, from June 7 to 9, 2022. Contact MFP for further information.

The Votes Are In – The Ultimate Fintech Awards Are Preparing to Announce the Winners!

The votes have been tallied. Next stop, the all-important awards ceremony.

People of the Fintech Industry, the time has come!

The nominations have closed, the votes have been counted, and the trophies have been polished. The only thing left for you to do is get excited!

What it Means to be Crowned an Ultimate Fintech Awards Winner

The Ultimate Fintech Awards recognise top brands in the B2B & B2C online trading space.

They provide traders and businesses an industry benchmark of the best companies to trade and do business with.

In an economic climate shared by multiple corporations battling it out for supremacy, recognition is everything.

It’s one thing to label your brand as being the best in the business, but it’s an entirely different merit to be credited as the best by an independent organization such as Ultimate Fintech, well-versed in what separates an elite brand from the rest.

Award Category Preview

Let’s circle back and review the different awards categories on offer.

Broker Awards

Transparency, reliability, trust, and innovation are at the forefront in this category. Broker of the Year goes to…?!

Regional Broker Awards

Who will be crowned the respective leaders of the Asian, European, Middle Eastern, LATAM, and African markets?

B2B Awards

Recognition in B2B excellence from around the world. We look out for the best platforms, tools, and solutions.

Ready, Set…

The Ultimate Fintech Awards 2022 winners will be announced on the last day of the iFX EXPO International at Columbia Beach in Limassol. Doors open at 17:30 – make sure you are there to join this highly-anticipated culmination that will celebrate the best in the industry. Entrance will be valid for iFX EXPO badge holders and nominees on the guest list.

Ready to find out who will walk away victorious? All will be revealed soon. See you there.

US Stock Market Crash: How To Protect Capital And Profit With PrimeXBT?

The Nasdaq is down more than 25% from its highs, demonstrating the carnage across the board in tech stocks. The S&P 500 has also begun to roll over, dropping nearly 20% from record highs. The Dow Jones Industrial Average has held up better but is still down a shocking 15%. The sky seems to be falling in the stock market, so what’s an investor or trader to do?

Fortunately, there are more options and alternatives out there beyond the traditional buy and hold method of making money off the stock market. Many such tools can be used to protect capital during downtrends and turn crashes into profits. Here is how you can protect your capital and profit from stock market madness using PrimeXBT.

Growing Risk Across Global Markets Elevates Volatility

To combat the onset of COVID and the impact of lockdowns on the economy, the United States Federal Reserve began expanding the monetary supply in cooperation with central banks and lowered interest rates, which helped to flood the market with capital. This capital made its way into the stock market, cryptocurrencies like Bitcoin, and other risk assets.

These assets exploded, bringing some of the best gains investors have seen in years. A sharp, V-shaped correction was all that was left behind post-COVID, then a parabolic rally that late last year came to an abrupt end. The very reasons that pumped markets are now the cause for its collapse. The Fed began tightening its monetary policy and raising interest rates for the first time in years. The result was an immediate selloff in anticipation of it all.

Making matters worse, the supply chain is still severely disrupted due to the pandemic, China remains in lockdown, war is waging across Europe, and United States inflation is the worst it has been in more than 40 years. Oil prices and other essential commodities are also skyrocketing. Investors fear the end of the growth cycle in stocks for the next several years or potentially more.

Stock Market Crash And Cryptocurrency Correction Explained

In response to the growing global turmoil and runaway inflation in the United States, the US stock market and its most popular stock indices have taken an extreme beating. No index has suffered worse than the Nasdaq, which represents a basket of top tech stocks from the sector.

The stock market also was brought down further by surrounding bearish sentiment related to the cryptocurrency industry, which was the target of a strategic attack of an algorithm stablecoin in an attempt to crash the market. The attack was a success, and cryptocurrencies, especially altcoins, were obliterated.

No cryptocurrency suffered worse than Terra LUNA, which fell from prices close to $100 per token to under a penny in less than a month. The attack also damaged the peg of stablecoin UST and took the price of Bitcoin to a low of $25,000 per coin.

How PrimeXBT Helps Traders Protect Capital And Profit

How is it possible to protect capital and even profit from the storm when such extraordinary volatility strikes? With the award-winning margin trading tools offered by PrimeXBT, anything is possible. Stop-loss protection would have triggered and prevented any unwanted severe drawdown. A short position could have possibly made the selloff profitable. PrimeXBT provides the complete flexibility of long and short positions using leverage, even simultaneously for hedge positions.

The platform has more than 100 different trading instruments listed, ranging from crypto to stock indices, commodities to forex, and more. All of the major US stock indices mentioned above, such as the Nasdaq, S&P 500, and Dow Jones Industrial Average are available to trade on the same platform as Bitcoin, Ethereum, and other altcoins. Gold, oil, and every other major asset is included.

Even PrimeXBT traders could have profited from the catastrophe in LUNA. As one of the many newer altcoins the platform has recently added, traders who were short LUNA had the opportunity to short it all the way down to zero. Investors in LUNA lost everything, while PrimeXBT traders raked in all the profit.

Prepare For Anything And Everything With PrimeXBT

PrimeXBT also provides other ways to help investors and traders survive markets when things get chaotic. Covesting copy trading lets followers copy the trades of other, more skilled strategy managers who prove their worth via a transparent leaderboard system. Covesting strategy managers have more than 5,000% ROI following the aftermath of the recent stock market and crypto crash, showing that it is very possible to protect capital and even profit substantially during downtrends.

Covesting yield accounts let crypto holders earn passive income through a variable APY on any idle crypto assets. APY rates reach as much as 14% during peak market conditions. This no-stress solution makes connecting to top DeFi platforms as simple as a click, right from within the PrimeXBT account dashboard.

While the damage has been done, it doesn’t need to be this way in the future. The next time volatility strikes, make sure you are registered for a platform that provides you with the tools above. PrimeXBT makes it possible to protect capital and stay profitable, even in the worst situations that markets have seen. Be prepared for anything and everything with PrimeXBT.

FC Barcelona. ($FCB) Manchester City ($CITY) or Paris ($PSG), Can football go any further than fan tokens?

In 2021, Spanish striker David Barral, became the first ever professional footballer to have his transfer fee paid in cryptocurrency, in Bitcoin. Whilst this may have been the first transfer fee to ever do this, commercial relationships between the football clubs and various cryptocurrencies are becoming increasingly common.

In 2018, multiple English Premier League sides including Tottenham Hotspur and more partnered with the trading platform eToro. According to UEFA, the cryptocurrency sector has partly helped clubs to fill lost revenue streams – estimated at around €9 billion – that have been caused by the Covid-19 pandemic.

As football and crypto-currencies both grow and reach more people in all corners of the world, corporations around the world have projected at least a 20x increase in the global market-cap by 2027. Similar crazy values have been placed on footballers, with the most recent confirmation by Paris Saint-Germain forward, on their re-signing of Kylian Mbappe. The French star’s new contract makes him football’s highest earner now earning just under €1million/week in wages, as well as him receiving with an enormous signing-on fee said to be worth €100million. One can only be glad they don’t have to make these payments personally.

Platforms such as Socios have taken over the “fan token” ecosystem, with a number of clubs such as Man City, Barcelona and more releasing their own fan token. Fans and enthusiasts globally have traded these like any asset, with real-world perks attached such as discounts in club shops – taking the fan experience up a notch. Clubs like Juventus have also allowed token holders to choose a song when a goal is scored!

Questions remain if fan-tokens, trading assets and million dollar sponsorships is as far as the Web3 market goes? Projects like So-Rare, RealFevr and Metasoccer are helping change that – giving fans and users utility through the ever trending NFTs, play to earn games and metaverse. With their latest player onboarding, Metasoccer announced Ronaldinho, a true legend of the game to become their exclusive and licensed player within their football manager game on the metaverse. Initiatives like these have given users the opportunity to not just buy and trade, but actually meet, win signed merchandise, own exclusive player assets and earn by playing in the games.

Through the use of Web3.0, and partnering with projects such as Metasoccer, there is the possibility to allow for football fans for direct ownership of players in the game, through non-fungible tokens (NFTs). No one, not even the game’s creators, have the power to take away this ownership of the NFTs. And, if the fan decides to stop playing the game, they have the option to simply sell or trade their in-game NFT’s on open markets and recoup their value.

MetaSoccer ($MSU) have partnered with Aston Villa and Argentina National Team goalkeeper Emiliano Martínez, Arsenal FC midfielder Thomas Partey, and of course Ballon D’Or, World Cup and the Champions League winner, Ronaldinho – A true legend of the game. Players of the game actually get the chance to use these NFTs within the game and win rewards by simply playing. These players become more than just an NFT, but part of the actual game. You as a player now have the ability to manage these superstars. This is exactly how a club can move beyond simply having a token, but rather create an immersive experience for their fans and players, not only generating additional income for players and club, but giving back to the fans and bringing them closer than ever before.

Looking at the opportunities that Web3.0 and Metaverse are able to provide, it’s clear that multiple stakeholders are set to benefit. From the clubs to the players, avid investors to those who are simply football fans. They have the opportunity to not only get closer to the players and clubs they love, but have the opportunity to capitalise on a multi-billion dollar industry, as well as one that is ready to do a nearly 20X.

The wise words of Jock Stein ring ever more true… Football Without Fans is nothing. The question is will your club take the leap and embrace web 3.0 or will they simply get left behind?

Mushe Token (XMU): The Cryptocurrency That Is Ready To Face Crypto Giants Like Solana (SOL) And Ethereum (ETH)

These cryptocurrencies provide mediums for users to store money in digital or liquid forms without going through traditional centralised institutions such as banks while remaining anonymous as they do not have to provide personal details. Cryptocurrencies run on blockchains and it allows the record of all transactions by currency holders to be confidential.

In 2021, cryptocurrencies enjoyed a remarkable success that had not been experienced for some time. However, in 2022, the market has faced a few dips and even came close to a halt in the first few months of the year. Major cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) suffered from the market slump – which has created the need for alternative investments. Interestingly, Mushe Token (XMU) is the new coin on the block that investors should be considering for future investments.

Ethereum (ETH)

In terms of global market capitalisation, Ethereum is the second most valuable cryptocurrency in the crypto market. Since its inception in July 2015, it has been Bitcoin’s (BTC) biggest competitor. Ethereum manages to outperform Bitcoin by uniquely establishing a niche for itself in the crypto industry as the front running altcoin.

Ethereum is adopting a new system that will see it transition from a Proof of Work (PoW) consensus model to a Proof of Stake (PoS) technique. In the PoW models, Ethereum users are left to solve complex mathematical problems to validate transactions. However, once fully transitioned to the PoS model, validators will be used to validate transactions, and earn a part of their holding as an incentive.

Ethereum is expected to be more energy-efficient and consume 99% less once PoW is fully incorporated into the blockchain network. It will also be faster and cheaper, possibly allowing Ethereum to overtake Bitcoin as the Top Dog of the crypto industry. Many analysts predict that Ethereum will experience a boom and its value will skyrocket.

Solana (SOL)

Solana (SOL) is similar to Ethereum considering that it was created to support decentralised applications and is already supporting several projects in the GameFi, DeFi, and NFT ecosystems. Many people switched to the use of Solana (SOL) due to its fast speed as well as to gain from the increase in popularity of NFT.

In 2021, the price of Solana increased by more than 11000%, thus proving itself to be a game-changer in the crypto world. Interestingly, the main advantage of Solana over other cryptos is its fast processing speed and low transactional fees. BTC is capable of about 7 transactions per second while Ethereum’s speed is just slightly higher. However, Solana can perform thousands of transactions per second.

Mushe (XMU)

Nothing has been more surprising to onlookers about Mushe than its pre-sale phase. One week after Mushe presale was launched, XMU shares quadrupled in value. This is an indication that Mushe (XMU) could surpass its goal of $0.50 when it officially launches on July 4, 2022. There is a lot of enthusiasm about the XMU token, leading to an increasing belief in its long-term prospects.

Instead of focusing on the volatility of the crypto market, Mushe Token will be a central exchange medium for cryptocurrencies and will blend fiat and cryptocurrency transactions. The Mushverse aims to be a frictionless platform that will allow the interoperability of money and crypto. The Mushe ecosystem will meet the financial needs and the interests of its users. Hence, you cannot afford to miss out on this coin.

More information on Mushe Token (XMU):

Presale: https://portal.mushe.world/sign-in

Website: https://www.mushe.world

Telegram: https://t.me/musheworldXMU

Could Cardano (ADA), Litecoin (LTC) and CashFi (CFI) Be The Latest “Ethereum Killers” On The Market?

Many of these tokens have long since fallen off, forgotten and forever erased from the minds of these analysts, while some remain relevant.

However, no cryptocurrency has surpassed Ethereum (ETH) in the market, at least not yet. There is something about these three cryptocurrencies that makes one believe either one of them or even all of them could be the long-awaited heir to Ethereum’s throne. Here is everything you need to know about Cardano (ADA), Litecoin (LTC) and CashFi (CFI), the crypto industry’s latest ” Ethereum Killers”.

Cardano (ADA)

Cardano (ADA) is a third-generation open-source blockchain network upon which users can create smart contracts, just like Ethereum (ETH). The smart contract platform seeks to provide economic identity to those who lack it by providing them with decentralized applications (dApps) to manage identity, value and governance.

Cryptocurrency is not yet a perfect working system. There are several issues plaguing the crypto industry, such of which include scalability, energy consumption and the ability to interact with real money, aka fiat. An ecosystem is needed to address these concerns, and Cardona (ADA) is the platform for the job.

To achieve this, Cardano (ADA) adopted a peer-review system for its crypto. Simply put, all new features introduced are developed, reviewed and agreed upon by academics before they are integrated into Cardano (ADA). Additionally, Cardano (ADA) uses the proof of stake (PoS) consensus mechanism to verify transactions and an algorithm called Ouroboros to choose who creates the next block and to validate blocks.

A highly held belief in the crypto space is that proof of stake (PoS) consensus mechanism makes blockchain networks more secure while significantly reducing power consumption and carbon footprint.

Cardano’s native token ADA is currently a top 10 crypto by market cap, making it an excellent investment choice. Users can use ADA to buy and trade, and because it is Cardano’s native token, ADA holders have a say in the platform’s governance.

Litecoin (LTC)

Litecoin (LTC) is commonly known as the little brother to Bitcoin’s (BTC) big brother around the crypto space. It is a peer-to-peer token designed to be faster at transactions than BTC.

Some of the features that make Litecoin (LTC) attractive are its extremely fast nature. Transactions on Litecoin (LTC) are quicker and cheaper compared to Bitcoin (BTC). Additionally, Litecoin (LTC) is designed for small everyday transactions such as buying coffee.

Litecoin’s (LTC) mining algorithm, Scrypt, makes it easier for users to generate hashes with commonly available hardware and participate in the mining process. This makes it easier for regular people to earn money from mining Litecoin (LTC).

Litecoin (LTC) is one of the longest standing assets after Bitcoin (BTC) and is a top 20 crypto by market cap. This is why Litecoin (LTC) is a good investment choice.

CashFi (CFI)

CashFi (CFI) is a next-generation decentralised network that aims to foster a new wave of liquid staking. The platform seeks to enhance collaboration and interconnection in the crypto space by exposing its users to different asset classes, including Liquid staking, NFTs and synthetics.

CashFi (CFI) is designed to unite the blockchain ecosystem to give rise to faster, cost-effective and more scalable services. Its inter-operable decentralized network will provide access to a wide variety of digital assets, in turn enabling De-Fi users and revolutionizing the industry.

CashFi (CFI) has a host of exciting and innovative features. An example is the platform’s staking solution, CFI stake. CFI stake will overcome the issues of legacy staking systems such as decreased security, asset inefficiency and lesser yields by allowing users to access their staked assets. At the same time, the crypto tokens remain in escrow.

Another exciting feature of CashFi (CFI) is its CFI NFT framework, an ecosystem that allows users to create their unique interoperable marketplaces that can interact with other blockchain networks.

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Trade BTC and ETH with 100x Leverage

Many cryptocurrency enthusiasts and long-term holders have been hit by the recent sell-off caused by the collapse of Luna and Terra coins. Bitcoin, Ethereum, BNB, Cardano, Polkadot, and many other quality cryptocurrencies suffered from the investors’ panic.

Crypto margin trading is an excellent way to cope with a bear market without moving your stash from a safe cold wallet to a crypto exchange. You can keep your Bitcoin or staked Ethereum waiting for the prices to rebound and, at the same time, protect their value with clever leveraged short positions.

On the other hand, if you believe it’s the beginning of the end of crypto and the slide will continue, shorting more coins is an excellent move to realize this strategy.

To meet these needs, SimpleFX has just increased the maximum leverage for major cryptocurrencies to 1:100. With just a $500 deposit, you can open a long or short position on Bitcoin or Ethereum worth $50,000. Give it a try now.

SimpleFX is a great app for trading cryptocurrencies. Since 2014, we have offered no fees and adjustable leverage. Unlike some competition, SimpleFX chooses its listings carefully, and there are 18 quality cryptocurrencies available now.

Remember that trading with the highest leverage available will work great for you if you predict the price action correctly. However, if the market goes against you, you can quickly lose your funds. The good news is that as your profits are unlimited, the loss is capped by the SFX negative balance protection system.

In addition to this news, SimpleFX has just added 20 new companies to its listing. The new stocks are the most demanded assets on the NYSE, Nasdaq, London Stock Exchange, Frankfurt Stock Exchange, Euronext Paris, and Borsa Istanbul. You can trade these companies now with the required margin cut in half and with free daily swaps until May 31.

Week Ahead: US Jobs to Revive Dollar Bulls?

It has depreciated against almost every single G10 currency in May with the less hawkish than feared Fed minutes keeping bulls at bay.

Investors are expecting the Fed to adopt a flexible approach on rates which could soothe fears over the central bank’s overly aggressive stance tipping the US economy into recession. Given how these expectations are boosting sentiment and rekindling risk appetite, the dollar may remain depressed and unloved as we enter June.

Economic News Schedule for Next Week

Before we take a deep dive into what to expect from the greenback and other key assets over the next few days, here are the scheduled economic data releases and events in the coming week:

Monday, 30 May

  • EUR: Germany CPI and Eurozone consumer confidence
  • EU leaders meet in Brussels with geopolitics driving the agenda
  • US markets closed for Memorial Day holiday

Tuesday, 31 May

  • CNH: China PMI
  • NZD: New Zealand building permits, business confidence
  • JPY: Unemployment Japan, retail sales & consumer confidence index
  • EUR: Eurozone CPI
  • USD: CB consumer confidence

Wednesday, 1 June

  • CNH: China Caixin PMI
  • AUD: Australia GDP report
  • CAD: Bank of Canada rate decision
  • EUR: Unemployment Eurozone, ECB President Christine Lagarde speech
  • USD: U.S. construction spending, ISM Manufacturing, Fed speeches by New York President John Williams and St. Lous Fed President James Bullard, Fed balance sheet roll off begins

Thursday, 2 June

  • AUD: Australia trade
  • EUR: Eurozone PPI
  • USD: U.S. factory orders, durable good, initial jobless claims, Fed speech by Cleveland Fed President Loretta Mester
  • Brent: Virtual OPEC+ Ministerial meeting
  • UK markets closed for Spring Bank Holiday

Friday, 3 June

  • USD: US employment report for May
  • EUR: Eurozone retail sales, Markit services PMI
  • 100th day of war in Ukraine
  • UK markets closed for Queen Elizabeth II Platinum Jubilee

The week ahead could be explosively volatile as investors continue to juggle inflation jitters, recession fears, ongoing geopolitical risks, and China’s covid-19 curbs. We expect sentiment to also be influenced by key economic reports from major economies, including the all-important US jobs report on Friday. US markets will be closed on Monday for Memorial Day while UK markets will be closed from Thursday to Friday for the Queen’s platinum jubilee. Nevertheless, the major data releases and events should keep investors well occupied.

Will dollar bulls return in June?

King dollar could have the opportunity to redeem itself in June if the key monthly US payrolls report on Friday exceeds market expectations. A strong set of results in May could reinforce Fed hawks and enforce fresh pressure on the central bank to raise interest rates – especially after the strong readings in April.

According to a survey on Bloomberg, the US economy is expected to have created 329k jobs in May with the unemployment rate dropping to 3.5% and average hourly wages seen rising 0.4%. Dollar bulls could have the opportunity to fight back if the report matches or surpasses forecasts. We expect the dollar to also be influenced by speeches from numerous Fed officials throughout the week.

Looking at the technical picture, the Dollar Index (DXY) certainly needs some love. Prices are under pressure on the daily charts with 101.00 acting as the next key level of interest. If bulls are able to fight back before prices secure a solid close below 101.00, then a rebound towards the 103.00 regions and higher could be on the cards.

The weakening dollar has provided the FX space some breathing room, as the equally-weighted USD Index eyes the 1.1450 level. A strong breakdown below this support could encourage a steeper decline towards 1.1350.

Keep an eye on the S&P500

The volatility witnessed across equity markets has placed investors on an emotional rollercoaster ride. One major index that has hijacked our attention is the S&P500 which dipped a toe into bear territory on the 20th of May before bouncing back. With the Fed minutes signalling room for a pause in rate hikes later this year, this could provide a lifeline to equity bulls. However, a strong set of US economic reports and rising inflation could cap the S&P500 rebound.

A strong breakout above 4100 may encourage a move higher towards the 4313 lower high. Should 4100 prove to be reliable resistance, the S&P500 finds itself back in that psychological “red zone”.

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