Contentworks Agency Turns 4 – An Exclusive Interview With Contentworks Agency Founders Niki and Charlotte

This month, as the agency turns 4, we met up with directors Niki Nikolaou and Charlotte Day for a look at the accomplishments and challenges the agency has seen in the past years.

Q. How does it feel to be turning 4?

Charlotte: It feels slightly surreal. It seems like only yesterday that Niki and I were sitting on the floor of her apartment creating web content and making up our welcome boxes ready to launch. 4 years have flown by so fast in a blur of great campaigns, travel, expos, funny moments and OMG are we really 4?

Niki: I remember that day- we had decided chocolates would be a great gift in May. In the searing heat of Cyprus…. We feel so proud of our team which consists of the best writers, designers, videographers and project managers in the sector. I’m biased but that’s ok!

Q. How are you celebrating?

Charlotte: Normally we would be delivering cakes to our clients and arranging lunches but this year it’s not so easy. We will be focusing on our online presence with media interviews, live social media and cakes. We’re still having those.

Niki: We will definitely be having cakes! We’ll also be taking some time to thank all our clients personally, many of them who’ve been with us since the beginning.

Q. You’re known as the go-to agency for finance- how did that happen?

Charlotte: Well, Niki and I are both from a financial marketing background. In fact, we first met one another whilst working in a forex company. Financial marketing is quite niche and takes a special set of skills. First there’s understanding all the different regulations. ASIC, CySEC, MFSA, FCA, FSA, FRB, SEC, MiFID II and what else did I miss? Then there’s knowing how to be edgy, fun and engaging within this regulatory framework. How to get traction on Twitter, attract traders and still be compliant. Plus, networking in the right circles and being familiar with financial PR and media.

Niki: Of course, you also need to understand the financial markets and follow them closely. If you’re not specialised in financial services, you just wouldn’t be able to dedicate yourself to doing this. Charlotte and I are subscribed to all the finance news sites, regulatory updates and finance trends. Plus, our team creates analysis each day for our clients, so we are always on top of the markets. We also publish regulation roundup articles each month to keep our brokers up to speed with changes in leverage, crypto restrictions and trading regulations. I think this is what our clients value the most about us, our understanding of the markets and that we take complex subjects and turn them into engaging content. As we move into our 5th year we are established as a leading player for providing strategic content and social media for the international fintech scene.

Q. What does an average day look like for you as agency directors?

Charlotte: I start my day with a beach walk around 5am and then hit my desk by 6.30. That means I can catch up with our clients located in Australia and have some quiet time to check my schedule, answer emails and work on some creatives before everyone else is awake! There isn’t really an average day especially in financial services marketing. Everything could be calm and then Elon Musk tweets something about Bitcoin and we need to deliver content on it!

Niki: I focus a lot of attention on overseeing our international writing team, reviewing the status of ongoing projects and planning the next month’s content. There is never a point where you say ok, I’m done. Because you’re always looking ahead to the next event, the next big change in the industry, and planning with clients on how to take advantage of that. I tend to work later in the day and catch up with our clients in New York and Singapore.

Q, How did covid-19 effect your agency?

Charlotte: Contentworks Agency was always decentralized so the closure of offices and lockdowns didn’t affect our actual business operations. In fact, we were better prepared than most, having all the remote team communication software, monitoring, remote servers, Zoom and chats in place already. That said, we had previously enjoyed a run of overseas expos, speaking at events and travelling to meet clients. This is something we miss so much. There’s nothing quite like the excitement of an overseas trip or the enjoyment of meeting a client for lunch. We have so much making up to do!

Niki: On the business side, our volume of work increased during 2020. Brokers witnessed record trading volumes and sign ups- something we interviewed them on last year. That meant more work for us providing FX education, videos, social media updates and event support. Speaking of events, Charlotte and I were speaking frequently at online events and expos. We also took part in panels, debates and online networking sessions in the finance space. This kept us busy but also kept us in touch with our core demographic to understand their challenges and requirements.

Q. What’s your best agency memory from the past year?

Charlotte: We produce video scripts and often oversee filming to provide direction. Normally it’s fintech, banking and forex, but we recently filmed for a major shipping corporation and spent the day out on a luxury yacht. Things aren’t normally that glamourous in financial services marketing. I told Niki it was a boring day out and hid the photos!

Niki: Wait, what? You said boat, not luxury yacht! Ok, so for me, the best memories are chatting with Charlotte and writing our behind-the-scenes of a fintech marketing agency comedy/tragedy series to pitch to Netflix – Madder Women. Oh, and that one time on a Zoom with clients team based in Singapore, London, Dubai and New York and my 6-year old needing to use the bathroom. You’ve never see me flip the camera switch and mute the mic so fast!

Q. What’s next for Contentworks Agency?

Charlotte: We have been growing our team and onboarding more finance writers and analysts so that will enable us to expand further in future years. We have also given our website a facelift to take us into the next year. We have a brand-new corporate video, social media filled home page, updated client portfolio and a packed content bar. All this showcases the thing we are best known for- great organic content marketing.

Niki: The industry is shifting, sometimes subtly, other times more obviously, and we’re constantly reviewing what we do and how we do it. Our value proposition as a boutique agency is the high-level of director-contact our clients get. And that’s something we don’t want to lose as our team grows.

Thank you to Niki and Charlotte for joining us and we wish you a very happy agency birthday!

Contentworks delivers hawkish content marketing solutions for the finance and tech sectors. Our team of content strategists, social media marketers, analysts and writers provide compliance friendly content to banks, forex brokers, fintechs and many other sectors. Our content marketing includes technical analysis, intelligence reports, press releases, whitepapers, video and social media management.

www.contentworks.agency

 

With 250 White Label Partners, AIRSOFT Technology LTD Heads Strongly Into IFX EXPO Dubai

Offering comprehensive software solutions and end-to-end consulting services tailored to the financial market, AIRSOFT Technology LTD currently has 250 White Label partners from all over the globe and has recently closed large deals with clients in Eastern Europe.

Currently in communication with business owners from the UK, Netherlands, Singapore, Cyprus, LaTam and the UAE, it’s clear AIRSOFT Technology is garnering international interest. Standing out as the expert choice for brokerages, AIRSOFT’s EXPO sponsorship places them firmly in the limelight. The fintech firm sees huge business potential in Dubai and is looking forward to a successful expo that will help them make new connections and expand their business vertical in the region.

Meet the AIRSOFT Team in Dubai

Established in 2012 and offering complete solutions for forex, crypto and CFD brokers, the AIRSOFT team has attracted global attention thanks to their innovative software, business consulting services, marketing expertise, leading generation tools and multi-language support. They will be leading sponsors of the iFX EXPO Dubai taking place at the exclusive 5-star Grand Hyatt Hotel, Dubai from 19-20 May 2021.

The AIRSOFT team will occupy a double booth placement, with visitors to Booths 43 and 44 being greeted by company representatives, ready to reveal the very best of AIRSOFT Technology. The company has also opted for a coffee bar sponsorship, with coffee available free for all attendees courtesy of AIRSOFT. As the perfect networking space, the team will utilise this area to meet brokers, partners and other fintechs. The sales and marketing team will be available at the event as well as the CEO and COO who will be on hand to answer any questions from brokers.

AIRSOFT CEO To Join Industry Leaders Roundtable

Don’t also miss the We’re Back! Industry Leaders Roundtable featuring AIRSOFT CEO Shay Benhamou. This is a unique chance to hear thoughts and insights from leading professionals with the panel taking place on 19 May from 10.45 – 11.30am (45 minutes).

The Expert Choice for Brokers

Leveraging years of expertise to propel brokers to success fast, EXPO guests can find out more about exclusive trading services offered by AIRSOFT Technology LTD.

As the largest global B2B fintech conference, set to attract top-level executives from the most prominent firms around the world including brokerages, IFX EXPO Dubai is the perfect place for AIRSOFT to showcase their innovative products including CHRONO Trade.

This exclusive feature is part of the company’s commitment to offer unique and competitive tools for brokers looking to increase their trading acquisition and volumes. CHRONO Trade allows traders to perform pre-defined, timed, short-term trades that take advantage of volatile assets. Brands applying CHRONO Trade to their existing platforms have already shown an increase in trades and a longer than usual screen time of their traders. Such innovative technology is designed to offer traders an exhilarating and adrenalin-fuelled experienced. By giving traders the tools that will instantly trigger their competitive nature, brokers can boost business profits while gaining a technology-enhanced edge over competitors.

The CEO of AIRSOFT, Shay Benhamou said:

“CHRONO Trade has been presented with great success at numerous virtual and physical events in 2020. We have seen unprecedented interest from the UAE market, and we are keen to present it live in Dubai.”

Additional products and services include:

  • All in one solution for FX, CFD and Crypto Trading
  • Mobile App – fast, user-friendly experience with instant market access
  • Business consulting – referrals for marketing, legal, PSPs and banking solutions
  • Comprehensive brokerage solutions including website creation, hosting and maintenance

Book a Personal Meeting in Dubai

As a bustling hub of fintech innovation, Dubai is an exciting location for this year’s EXPO – the first significant live event since the coronavirus outbreak. Like-minded attendees looking to attract clients, increase trading volumes and benefit from exciting new brokerage tools can visit the AIRSOFT booths or arrange a meet at the coffee bar.

 

ACTIVTRADES POSTS RECORD PROFIT FOR 2020

  • Average trading volumes up 25%
  • New client funding jumps by 31%
  • Total number of clients actively trading up 9%
  • Brokerage benefits from increased market volatility
  • Boost from new clients also thanks to the popular ActivTrader platform

The brokerage, which this year celebrates its 20th anniversary, registered profit before tax of £21.8 million while profit after tax stood at £18.8 million for the year ending on December 31, 2020, its best results since the company’s inception in 2001. Turnover was similarly positive, having more than doubled from the previous year, to hit a record £46.5 million.

The new year is shaping up to be equally promising, with a busy first quarter showing there is no sign of any slowdown in 2021.

“We are extremely pleased with this strong set of results and grateful to our growing number of clients for choosing us as their trusted brokerage,” said Alex Pusco, ActivTrades CEO. “Providing excellent customer service and developing state-of-the-art technology are at the core of our business. We will keep innovating to ensure we provide our customers a superior trading experience.”

The strong growth was a reflection of increased market volatility in the financial markets, in particular during March and April 2020, and was also thanks to a rise in new clients using the ActivTrader platform.

First launched in 2018, the enhanced proprietary platform ActivTrader offers a range of advanced features, exclusively designed for ActivTrader users, and is proving popular among customers.

The number of new customers with funded accounts rose by 31% in 2020, compared with the previous year, helping increase the total number of clients actively trading at the end of 2020 by 9% year-on-year.

To keep up with a growing global customer base, ActivTrades continues to establish branches outside of its headquarters in London. At the end of 2020, it added a new Luxembourg office, which has ensured a seamless transition for European clients post-Brexit, and joins ActivTrades’ other bases in Milan, Sofia and Nassau.

About ActivTrades

ActivTrades is a leading brokerage serving clients in over 140 countries.

Launched in 2001 as a pioneer in online trading empowering a new generation of traders, today ActivTrades is a multiple award-winning, multi-platform global organisation which leads the way as a highly reputable and innovative brokerage.

Initially specialising in Forex it gradually expanded the range of products and currently offers over 1000 CFD or Spread Betting instruments across Forex, Indices, Shares, Commodities, Financials and ETFs.
Besides the world’s most popular trading platform: MetaTrader, enhanced with Smart Tools developed exclusively for its customers, the brokerage offers ActivTrader – its own intuitive and fully-featured platform designed for all levels of trading experience and available on desktop, smartphone and tablet.
Headquartered in the City of London and with additional offices in Milan, Nassau, Sofia and Luxembourg, it delivers superior trading conditions and outstanding customer care in 14 languages across the globe.

https://www.activtrades.com/en/

Press Contact

Carlo Alberto De Casa

+44 (0) 7920 466 898

cdecasa@activtrades.com

US indexes fall as Big Tech tumbles

However, it only lasted a few hours, before the index ended 0.1% lower. From a technical perspective, it was ripe for a pullback, given that its 14-day relative strength index had breached the 70 mark which signals overbought levels.

Monday’s drop was far more noticeable in US tech stocks, with benchmark indexes dragged lower by tech megacaps:

  • Microsoft: -2.09%
  • Alphabet: -2.56%
  • Apple: -2.58%
  • Amazon: -3.07%
  • Facebook: -4.11%
  • Tesla: -6.44%

Note that these six stocks listed above account for nearly a quarter (23.3%) of the S&P 500’s total market cap, while accounting for more than half (56%) of the Nasdaq 100. In other words, the performances of these individual stocks, due to their sheer size, has a major impact on how the broader index performs.

Given the higher concentration of tech stocks on the Nasdaq 100, it was yesterday’s biggest loser of the three main benchmark US indexes. The Nasdaq 100 fell by 2.63% to post its biggest single-day loss since 18 March 2021.

The futures contract for the Nasdaq 100 has now broken below its 100-day simple moving average (SMA). Tech aficionados would point to the fact that, since the market rout in March 2020, this index’s foray below its 100-day SMA has been fleeting. After that single day loss of 3.13% on 18 March 2021, the Nasdaq 100 went on to advance by almost 10% and post a new record high a month later (16 April).

Some traders are raising their bearish bets on the Nasdaq 100, while pulling funds out of the sector. In short, tech stocks appear likelier to experience larger bouts of volatility compared to other sectors.

“Over the immediate term, with momentum now pointing firmly south, there’s likely to be more near-term declines for the Nasdaq 100 before the dust settles.”

Why are tech stocks falling hard?

This is likely due to two major concerns:

  1. Investors now deem the valuations of tech stocks to be overextended and are finding fewer catalysts that can spur these stocks higher.
    The Nasdaq 100 currently has a PE ratio of 35.63. That’s in contrast to the S&P 500’s PE ratio of 30, and the sub-27 ratio for the Dow. The higher the PE ratio, the more “expensive” the stock is deemed to be.
    Hence, with concerns that these valuations are no longer justifiable, in light of the anticipated reopening of the US economy, many investors have instead engaged in the “reflation trade” at the expense of tech stocks which had a remarkable 2020.
  2. Markets are also growing more concerned about the threat of faster US inflation.
    This is evident in the breakeven rates for 10-year US Treasuries, which hit a fresh 8-year peak on Monday before moderating slightly since.
    Despite the sluggish April US nonfarm payrolls figures released this past Friday, some investors are holding fast to the notion that the trillions of dollars in stimulus spent by the government and the central bank is bound to show up in the inflation data. Such an inflation overshoot might force the Fed to pull back its support for financial markets sooner rather than later. And when policymakers start signalling for sure that they’re ready to pare back their bond purchases, there is likely to be an almighty reaction in US stocks, especially sectors that are showing signs of too much froth like tech.

The jury is still out about the US inflation outlook, and what that might mean for the Fed’s timeline before unwinding its stimulus measures. While such uncertainty may well trigger further bouts of volatility in equities, steadier hands may find more gains to be had from US stocks in the interim.

Open your FXTM account today


Disclaimer: The content in this article comprises personal opinions and should not be construed as containing personal and/or other investment advice and/or an offer of and/or solicitation for any transactions in financial instruments and/or a guarantee and/or prediction of future performance. ForexTime (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 as to any loss arising from any investment based on the same.

Technical Outlook: GBPUSD Surges Above 1.41

The falling likelihood of a second Scottish independence referendum in the near term following last week’s election boosted buying sentiment towards Sterling. A broadly weaker dollar also played a role in propelling the GBPUSD to its highest level since February 25th.

With Covid-19 cases falling, two-thirds of UK adults receiving a first dose of the vaccine and the next phase of lockdown easing scheduled on May 17th, the economic outlook for the post-pandemic UK remains bright. This may translate into a stronger Pound over the next few weeks.

Can the GBPUSD push higher?

Looking at the daily charts, the technicals are heavily bullish. The GBPUSD has jumped over 150 pips today and a total of 350+ pips since the start of May! Prices are trading comfortably above the 20-day and 50-day Simple Moving Average while the MACD trades above zero. A solid daily close above 1.4100 could provide a platform for bulls to springboard prices towards 1.4200 and the 2021 high of 1.4240.

One thing to keep in mind is that the Relative Strength Index (RSI) is very close to hitting 70 which suggests that the GBPUSD is overbought and may be primed for a technical pullback. Should prices fail to keep above 1.4100, a decline back towards 1.4000 and lower could be on the cards.

Zooming out on the weekly charts, there have been consistently higher highs and higher lows. Prices are trading above the 20-week Simple Moving Average while the MACD trades above zero. A strong weekly close above the 1.4000 resistance could encourage an incline towards 1.4240 which is the 2021 high. A move beyond this point could see the GBPUSD test 1.4350 – a level not seen April 2018.

Open your FXTM account today


Disclaimer: The content in this article comprises personal opinions and should not be construed as containing personal and/or other investment advice and/or an offer of and/or solicitation for any transactions in financial instruments and/or a guarantee and/or prediction of future performance. ForexTime (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 as to any loss arising from any investment based on the same.

MultiBank Group Is Participating In iFX EXPO 2021 As An Elite Sponsor

MultiBank Group’s market experts and account managers will host guests, introduce them to its diverse product range, discuss the benefits of trading with MultiBank Group, and answer queries and concerns regarding online trading.

The brightest minds from the world of online trading, financial services, and fintech are expected to be present at the expo. It will provide MultiBank Group with the opportunity to showcase its exceptional breadth of online trading solutions to a diverse and discerning audience. In addition, MultiBank Group is eager to entertain guests from its exclusive Booth (No. 5).

MultiBank Group’s Chairman, Mr. Naser Taher, elaborated – “Building on our reputation as one of the world’s largest financial derivatives providers, we wanted not merely to participate but also sponsor the world-class expo. MultiBank Group’s team of highly skilled professionals is keen on interacting with a knowledgeable audience seeking to partner with an online trading company that’s regulated worldwide and offers a safe trading environment.”

iFX EXPO 2021 will continue its tradition of bringing together industry stalwarts, fintech enthusiasts, premium financial institutions (like MultiBank Group), and local and international C-suit executives under one riveting roof. The much-anticipated event is a few days away, and the team at MultiBank Group is looking forward to the two interactive and immersive days.

Silver Castle, Israel’s First Digital Currency Investment House, Joins TASE Following Its Merger With Publicly Traded ICB

Silver Castle offers capital market investors safe and professional digital assets investment opportunities, and is striving to boost awareness of the digital currency investment platform in Israel.

Silver Castle Investment House and publicly traded Israel-China Biotechnology (ICB) have announced today, May 5, 2021, the signing of a memorandum of understanding leading up to the merger of the two companies. As part of the transaction, Silver Castle shareholders will be allotted shares that will constitute 75% of the merged company. The deal is being managed by Cybele-Holdings, Katzenell Dimant Law Offices and Zitvar Galor & Co. Law Offices.

Israel-China Biotechnology, which has previously invested in a number of Israeli biotechnology initiatives, specializes in forming collaborations with Chinese companies. ICB is controlled by Chinese entrepreneur Huang Qingxi and managed by Andrew Zhang. A few months ago, the company began searching for additional investment and merger opportunities in the Israeli market.

Silver Castle Investment House was established in 2018 by senior Israeli banking and capital market executives (CEO) Eli Mizroch, Zvi Ziv, Gabi Ravid, Chen Munitz, Rami Beinish, and Danny Silbiger.

The investment house offers a variety of products and services that provide customers with a convenient, easy and safe way to invest in digital assets through hedge funds that specialize in digital currencies. Moreover, the company is exploring additional channels, including bitcoin-backed loans, R&D in advanced trading strategies and products for institutional clients. The company’s vision is to offer smooth and regulated access to crypto-based assets, and identify cryptocurrency investment opportunities.

Silver Castle CEO Eli Mizroch: “The move to join TASE is a significant milestone in the evolution of public awareness, as well as in the promotion and recognition of the field of digital assets in Israel. In view of the growth in the global digital currency market, we believe that the Israeli capital market is absolutely ready for digital investing. As the first dedicated crypto-investment house, we offer our clients a direct approach towards innovative investment opportunities, and can make crypto-investing accessible through our professional, experienced and valued team here in Israel.”

Israel-China Biotechnology CEO Andrew Zhang: “The field of cryptocurrency is a fascinating and evolving field. We looked into a number of ventures, and reached the conclusion that Silver Castle and its management team’s vision will contribute significantly to ICB shareholders.”

Since the beginning of the year, Bitcoin has experienced a phenomenal increase of 85% in value. But despite this growth and its popularity, the cryptocurrency market is still in its infancy. According to estimates, Israeli investors currently own between NIS 1.5 billion and NIS 2.5 billion, with figures rising steadily.

About Silver Castle:

Silver Castle Digital Assets Investment House was established by senior banking and capital market executives in 2018. The investment house specializes in investment opportunities for customers interested in the world of digital assets. Silver Castle offers a variety of products and services that provide customers with a convenient, easy and safe way to invest in digital assets. The company invests in hedge funds (for institutional and accredited investors only) that specialize in digital currencies. Moreover, the company is examining additional channels, including bitcoin-backed loans, R&D in advanced trading strategies and passive investment products for institutional clients.

Contacts

Eli Mizroch, eli@silvercl.com

Last Call For Dubai – Updates From The iFX EXPO

The expo will be bursting with great speakers and brands in addition to old friends, new partners and exciting fintech connections. It will be held in the financial hub of Dubai, a dazzling city in the United Arab Emirates and the capital of the Emirate of Dubai. Even better, it will be taking place at the luxurious Grand Hyatt Hotel, an oasis that blends business with leisure.

This is your last call for the iFXEXPO Dubai!

With just over a week to go until Dubai iFX EXPO 19-20 May 2021, it’s time to get your expo tickets, book your flights and secure your hotel room.

Making It Happen Safely

The Ultimate Fintech team has put all its efforts into ensuring this expo is safe, but also fun and meaningful. Two days of business networking, top fintech speakers and an exclusive expo environment await attendees in Dubai. The iFX EXPO in Dubai will follow all the health and safety guidelines set out by the local authorities allowing you to network with confidence. You can read more about them here. Due to limits on spacing, we are nearly at full capacity for the expo. To secure your place, please register here.

Check out the recent interview with media partner Contentworks Agency and organisers Ultimate Fintech.

An Incredible Speaker Lineup

The iFXEXPO Dubai has an incredible speaker lineup with topical, relevant subjects being discussed by industry leaders.

These include:

  • Creativity & Innovation in Crisis: Turning Problems into Opportunities
  • Digital Currencies Overview & Crypto Transactions in the Forex Industry
  • Attracting Mass Affluent Investors in the Middle East with the Right Marketing Tools
  • What’s happening with #FinTech on Twitter?
  • The Clash of the Asset Classes

Check out the full speaker lineup here.

Fly In Luxury With Emirates

Combining executive luxuries with a reliable flight schedule is why we love Emirates for travelling to the UAE. Sit back, relax and enjoy your first flight, to your first live expo in over a year! Use our Promotion Code to get special fares to Dubai below:

  • Promotion code: EVE6FXE
  • Travel Validity: May 14 to May 25, 2021
  • Book your travel today at www.emirates.com and enter the above promotion code when you book.

 Terms and conditions apply

Relax At The Grand Hyatt Hotel Dubai

The Grand Hyatt Dubai is one of the nicest hotels in the region and the weather is hotting up in Dubai so how about cooling down in a luxurious pool? The hotel has 3 outdoor temperature-controlled swimming pools and one of the largest leisure pools in the city. There is also a 20-metre indoor temperature -controlled pool with underwater music speakers for tired out attendees to enjoy.

Our team has also secured a reduced rate at the luxurious Grand Hyatt Hotel where the expo will be held. A 20% discount also applies to all Grand Hyatt Dubai Restaurants so you can really indulge. The lowest rate on the market is guaranteed when you book via the link below:

https://www.hyatt.com/en-US/group-booking/DXBGH/G-IBFU

Who said the iFXEXPO was all work and no play? Don’t miss out. Register today to save your spot at the most exclusive event in the online trading industry.

THE FACT ABOUT THE FOREX SCAM

However, recently, news about this market, scams and losing money has appeared quite a lot on social networking channels. So this is really spoiled like? And is forex trading really a scam like everyone is “rumored” out there or not? Check out the article for analysis below to understand more about this market.

In fact, the forex market is not a scam as many think. Since Forex is still quite new in the Vietnamese market, the law has not really intervened in transactions on this market. Therefore, when making transactions, you need to be equipped with the knowledge to protect yourself from risks and undesirable bad situations.

Why is the forex market attractive to so many people?

With hundreds of thousands or even billions of transactions and orders being executed every day, the Forex market is a place where profits can be made in a short time. Along with that are the advantages such as easy access. As long as you have the Internet, wherever you are, you can participate in the Forex market.

The Forex market is open 24/5 during 5 days / week. You can enter trading any time the market is open.

The leveraged system of the forex market is high, while it is risky, but the ability to bring big profits is also higher. This is also considered the most liquid market in the form of investment. And the forex market is not manipulated by any organization or individual.

Sophisticated forms of scams on the Forex market should be kept in mind

The bogus forex courses

Foreign exchange investment is not only based on luck but also on knowledge of the market, economics as well as experience in the process of trading.

The foreign exchange market always attracts many people who are interested and want to participate. In order to grasp knowledge faster, they are not afraid to spend money studying courses to quickly acquire trading knowledge.

Many people fail to make Forex investments. But thanks to their verbal ability, they have invested a lot in advertising and marketing gimmicks to open up the course and recruit trainees. In fact, the knowledge they teach you with millions of dong courses is simply searched on the internet and edited, not practical.

Finding Forex courses to advance your knowledge isn’t wrong. However, you must understand who is in the class and what their abilities and abilities are like. Reputable courses will be shared by real experts in the industry that will help you even more while entering this market. Besides, their experience will help you improve your practical knowledge, not theory, help you to have more solid luggage and develop yourself.

Foreign exchange fraud in investment trust

This is a case of traders delusional on their own abilities. With the ability to speak well, they will find people who trust them to invest in households and then share profits. But they did not really prove their ability. Or if they do, they’ll show you the victories over countless times the account burns down.

Not only on an individual scale, these delusional traders will gather together as a team. They will entice you to entrust money to them for profit sharing. That way they both earn money from you profit and also be rewarded with commissions from the floor. However, after a short time when the account is burned, all losses you will be the one to bear.

Fraudulent form of account opening on Forex exchanges

In addition to direct participation, investors can also participate in the market through foreign exchange exchanges. These exchanges will be the intermediary bridge between you and the market to help you make transactions easier.

Fraudulent foreign exchange exchanges

Foreign exchange exchanges will usually be licensed with international certifications and sponsored by their affiliated countries. These brokers are usually not registered or sponsored by these agencies. In addition, when choosing the wrong account and opening the wrong account in these exchanges, they will use many ways to drain your account.

So the most important thing when you enter this market is to open an account at a reputable forex platform.

Why choose to trade with ASX Markets?

With many years of experience in the industry, ASX Markets believes that reputation is always the most important factor for a company in the financial sector. With a wide variety of licenses from leading financial institutions, ASX Markets is a name you can think of when considering an exchange.

Continuously receiving many prestigious and quality awards, such as BEST EXECUTION by GLOBAL FINANCE GROUP; BEST CUSTOMER SUPPORT by FX MARKETS; BEST BROKER IS ASIA by GLOBAL FINANCE GROUP.

ASX Markets is the trusted trading broker for your deal

ASX Markets truly is a reputable and reliable choice for you. Not only clear in trading, ASX Markets is also professional in supporting, advising and providing fast and accurate trading signals for traders participating in this exchange. To be provided with more information about this floor, you can fill out information here.

Risk Assets Resume Their Rise As Dollar Suffers Following Payrolls Miss

Over the past several weeks, a lot of economic data has surprised to the upside, including figures on consumer spending, business and consumer confidence, the housing market and manufacturing and services activity. That had led some economists to anticipate far more than a one million jobs to have been added. Indeed, if we exclude March 2020, this was the worst negative surprise in 24 years since the survey started.

While the trajectory continues to show improvement in the labour market, the US may not return to full employment by next year if the jobs recovery starts to show fragility. For investors, this is not necessarily bad news. In fact, it should be seen as positive for risk assets and negative for the US currency.

The US 10-year breakeven rate serves as an indication of the markets’ inflation expectations over the 10- year horizon and this reached a new eight year high of 2.49%. The latest spike in inflation expectations is now driven by two factors, the big surge in commodity prices and expectations of extended easy monetary policy. The Fed is now set to delay tapering of its asset purchases until the end of the year instead of the third quarter and that is why the S&P 500 and Dow Jones Industrial Average closed at new record highs despite the gloomy jobs report. The next big data point will be released on Wednesday with US inflation expected to have soared 3.6% compared to a year ago. However, this is due to base effects which means investors should monitor monthly changes instead to see if there are any signs of prices moving sharply higher.

When looking at base metals, prices are running hot with iron ore and copper continuing to record new highs. This should further benefit stocks in the mining industry, but also raises some doubts over the Federal Reserve statements which say inflation will be “transitory”.

Asian stocks rose today on expectations of lower rates for longer with European and US indices are also set for a positive start to the week. Meanwhile, the dollar continues to feel the pain from Friday’s disappointing jobs report with the dollar index (DXY) only 0.3% higher from where it started the year, having retreated 3.45% from the March peak.

Given the current environment, expect the selling of the DXY to resume with the first big test around 89.20. A break below this level will send the greenback to a three-year low. Unless we see a sharp correction in equities or a new surge in US bond yields, expect the dollar to remain under considerable pressure.

Open your FXTM account today


Disclaimer: The content in this article comprises personal opinions and should not be construed as containing personal and/or other investment advice and/or an offer of and/or solicitation for any transactions in financial instruments and/or a guarantee and/or prediction of future performance. ForexTime (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 as to any loss arising from any investment based on the same.

From Sports To Payments: Technology Is At The Forefront Of Everything In The Digital Economy

A Unique Partnership

Football is more than just a sport in Latin America. In many ways, it acts as a bridge between people in the diversely populated continent. On the other hand, PSPs like PayRetailers, are also working to connect people across Latin America.

The region is home to a vibrant fintech scene, due to the massive pent-up demand from vast sections of the population, who have remained unbanked for years. In some Latin American countries, only 30% to 50% of the population have an account with a financial institution, compared to 90% in the US, UK, or Spain. With its next-generation payment technology, designed to handle mass online payments in the Latin American market, PayRetailers believes that partnering with this popular annual event can raise awareness among the masses regarding fintech solutions.

While the people live and breathe the football in LatAm, the PSP platform helps them with everyday life, from making online payments via mobile apps to facilitating cross-border eCommerce for new companies. By partnering with CONMEBOL, PayRetailers aims to make an impact by associating itself with a popular tournament that has almost become part of the culture of the people.

In the rapidly evolving digital economy in Latin America, technology remains at the heart of everything, from sports to payments.

Increased Role of Technology in Football Play and Broadcasting

From enhancing sports performance to enabling umpires, referees, and sports officials to make quick and fair decisions on rule infringements, technology plays a prominent role in the world of football today. While coaches use tablets to create strategies, performance systems that utilize cameras and transmitters are worn by players to analyze their individual performance as well as that of the entire team.

Significant investments have been made in the broadcasting aspect as well, including strategic collaborations for media rights and sub-licenses for Pay TV and online streaming. For decades, television has been the main source of broadcasting. It still accounts for 90% of the average viewer’s video time. But online streaming has been gaining steady traction, rising significantly during the pandemic. With TV broadcasting and online streaming combined, the CONMEBOL Sudamericana can be watched in 111 countries, including the US, Russia, China, and Europe, along with Latin America.

CONMEBOL and its broadcast partners create unique experiences for viewers across traditional broadcast channels, OTT platforms, digital media, fantasy games, and more. Data-powered solutions are now being used to offer a huge amount of ancillary content, which satisfies the need for more live information during a match. CONMEBOL has partnered with firms providing video assistant referee technology and sports AI and data.

These partnerships strengthen the confederation’s commitment to ensuring that media and technology partners covering the matches have access to the highest quality data to bring every match to life for viewers around the world. Through an extensive range of feeds, detailed data will be used to deliver broadcast graphics, automated highlights, digital match centers, fantasy experiences, and more.

PayRetailers is proud to be the official sponsor of such a mega event, held by one of the most prestigious sports institutions globally, that includes some of the brightest minds both on- and off-field.

PayRetailers – The Trusted PSP Brand in Latin America

It takes planning and effort to make an international football event enjoyable for viewers globally. The same holds true for building and supporting a robust PSP platform. As with CONMEBOL, PayRetailers boasts perfect product-market fit, with its next-generation payment solutions for the LatAm region.

The platform uses the latest technologies in multi-device accessibility, data analysis, and cross-border payment terminals, to offer services in one of the most difficult regions in terms of fintech adoption. The complex task of connecting diverse regions in the continent is made possible through partnerships with local IT service companies and banks. Various transactions and payment confirmations are handled in real-time on a single platform, including forex transactions with settlements in USD, EUR, and BTC. The suite also leverages AI to enable security and fraud detection, using data from multiple sources, such as credit bureaus and government data.

Over 12 LatAm nations are connected to the PayRetailers network, which currently processes more than a million monthly transactions. A 24/7 multilingual support team makes the process of onboarding and troubleshooting simple and convenient.

If you want to be part of the eCommerce and digital payments boom in Latin America, you need a sophisticated and versatile payment suite, like PayRetailers, to help your company scale into the vast region. With over 250 forms of payments, including cash-in, credit card, and e-wallet transactions, all in real-time and at competitive rates, you can have efficient, single integration solutions to reach diverse consumers in Latin America.

Key Events This Week: Inflation All The Rage?

The April nonfarm payrolls came in at an utterly disappointing 266,000 instead of the one million figure that was expected. Yet US stocks merely shrugged off the jaw-dropping figures to climb higher, with both the S&P 500 and the Dow Jones Industrial Average posting their respective record highs on Friday.

Even Big Tech got in on the act, with the Nasdaq 100 climbing for a second straight day to move to within 2.3% of its highest ever closing price that was set on 16 April.

The futures contracts for all three major US stock indices (S&P 500, Dow, Nasdaq 100) are pushing higher at the time of writing.

“US stocks have demonstrated tremendous resilience by taking everything in its stride, supported by a better-than-expected US vaccination rollout and the Fed’s ultra-accommodative stance.,

Let’s see how they fare with this week’s key events:

Monday, May 10

  • Chicago Fed President Charles Evans speech

Tuesday, May 11

  • Fed speak: Fed Governor Lael Brainard, San Francisco Fed President Mary Daly,
  • New York Fed President John Williams
  • Germany ZEW survey expectations
  • OPEC monthly market report

Wednesday, May 12

  • UK GDP, industrial production
  • BOE Governor Andrew Bailey speech
  • Fed Vice Chair Richard Clarida speech
  • US inflation

Thursday, May 13

  • St. Louis Fed President James Bullard speech
  • US weekly jobless claims
  • Alibaba earnings (before US market opens)
  • Disney, Coinbase earnings (after US market closes)

Friday, May 14

  • Dallas Fed President Robert Kaplan speech
  • US consumer sentiment, industrial production, retail sales

Can Gold reach its 200-day SMA?

When the shocking US jobs report was released, investors fled to safe havens.

The buying of US Treasuries sent its yields lower. The strong correlation between Treasury yields and spot gold once again on full display last week, especially when the shocking jobs figures were released. 10-year yields screeched towards the 1.5% mark before erasing its declines, not before elevating gold prices onto a higher plain.

“In order for gold prices to climb even higher, investors must have stronger conviction about the precious metal’s traditional role as a hedge against inflation. Of course, falling Treasury yields and a weaker dollar would also go a long way for bullion bulls.”

And that brings us to the April US consumer price index due Wednesday.

Although this set of data is expected to be high due to the low base effect, given the abnormally low CPI figures throughout Q2 2020 due to the lockdown measures across the United States, the inflation outlook is very much central to global financial markets. Still, concerns about inflation making a roaring comeback could be taken down a notch after last Friday’s severely disappointing US jobs report.

“This could mean that gold bulls may have to depend on other factors, namely another decline in US yields, a softer dollar, or bouts of risk-off sentiment.”

Any of these events could help move bullion closer towards testing its 200-day simple moving average as a resistance level over the course of this week. However, with spot gold’s 14-day relative strength index now flirting with overbought levels, should prices lurch higher, that may trigger a pullback to clear some of the eventual froth.

Open your FXTM account today


Disclaimer: The content in this article comprises personal opinions and should not be construed as containing personal and/or other investment advice and/or an offer of and/or solicitation for any transactions in financial instruments and/or a guarantee and/or prediction of future performance. ForexTime (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 as to any loss arising from any investment based on the same.

Equiti Capital Appoints Another Prime Broker In NatWest Markets

Equiti Capital’s FX Desk runs an agency model providing liquidity to the buyside.

Following the growth of its FX Desk in recent months, coupled with the need to use multiple Prime Brokers to diversify risk, Equiti Capital went to market in 2020 to appoint a second prime broker. NatWest Markets, widely renowned for the flexibility of their approach, expansive credit access and dedicated and professional support teams, emerged as a natural front runner.

Benedict Sears, Head of Equiti Capital’s FX Desk, said: “NatWest Markets offers versatile solutions that deliver a quicker time to market, expediting the process by which we establish lines of credit when facing Asset Managers, Family Offices, Hedge Funds, and Local Banks.”

Onboarding NatWest Markets will help to facilitate Equiti Capital FX Desk’s ability to provide liquidity in FX derivatives including NDFs, forwards, swaps, vanilla and exotic options.

Marcus Butt, Head of Global FX Prime Brokerage at NatWest Markets, said: “We are very pleased that Equiti Capital have recognised our PB solutions as market leading and are looking forward to supporting Equiti Capital’s continued growth.

Another element to Equiti Capital FX Desk’s continued growth is its voice execution offering and unique macroeconomic insights, aiming to provide a superior service for Funds than that of what they expect from their bank counterparties due to reductions across bank Sales & Trading desks.

“As a desk we have been heavily working on building out our electronic CLOB (Central Limit Order Book), we also have found great success in matching off the interest of clients in the Options market which allows the firms to get in and out of positions around mid, thus reducing the spreads they pay. We work hand in hand with local market makers trying to match off the interest they have with those of our buyside clients, resulting in unique axes and pricing.

“We find clients are often looking for help in executing large orders, with an emphasis on reducing market impact. Our Desk is able to help clients with this while maintaining a level of market access which would be unfeasible to maintain for a Buyside firm in the fragmented OTC FX market,” added Sears.

The clients Equiti Capital’s FX Desk trades with are engaging in the FX market for a multitude of reasons, from banks hedging corporate flow, equities and fixed income funds who hedge their FX exposure, to those taking proprietary FX risk.

About Equiti Group

Equiti Group Ltd is the parent company of some of the most progressive FX and CFD brands and prime brokerage providers in the industry. With over 350 global staff and 24/6 customer service, Equiti provides clients with access to individual, corporate and institutional brokerage services across various affiliates and subsidiaries.

Equiti Group’s global footprint includes local offices in Europe, the Middle East, the Americas, Africa, and the Asia Pacific regions and provides trading support and services on the world’s leading trading platforms MT4 and MT5.

Regulated entities within Equiti Group include Equiti Capital UK Ltd regulated by the UK’s Financial Conduct Authority, Equiti Group Limited Jordan, regulated and licensed by the Jordan Securities Commission, EGM Futures DMCC, regulated and licensed by UAE’s Security and Commodities Authority, EGM Securities regulated and licensed by the Capital Markets Authority, Equiti Brokerage (Seychelles) regulated and licensed by the Seychelles Financial Services Authority and Equiti AM, regulated and licensed by the Central Bank of Armenia.

For more information:

Please visit www.equiti.com or contact:

Lynette.Lambert@equiti.com

www.equiti.com

LinkedIn: https://www.linkedin.com/company/equiti/

Facebook: https://www.facebook.com/EquitiGlobal/

YOLO, Financial Markets And You

During the past year and a half, this mantra has evolved into an entire way of life, and we’re even hearing people talk of the “YOLO economy”. Simply put, this phenomenon refers to an increased willingness among those in their late 20s and early 30s to shun their well-paid but soul-sucking professions and start following their hearts. It could be as simple as taking a step down the career ladder in exchange for more time with loved ones or as extreme as quitting their job outright to start a business or focus on a passion project.

So, what’s the YOLO economy all about?

The implications of this new economic outlook are far-reaching and likely to continue long after we return to the ‘old normal’. As more and more individuals start using the savings they’ve been able to amass during lockdown to start a business or take a side gig full-time, this has the potential to create real economic growth far outstripping what any central bank asset-purchasing programme could hope to achieve. Naturally, a large number of these ventures will come to nothing, and their initiators will be back looking for another daily grind come next year. Still, this mass rejection of the 9-to-5 has been enough to force some prestigious firms to start offering additional perks like continued flexible working hours, lifestyle allowances, and extra holidays — all in the hope of dissuading their staff from throwing in the towel. Such radical changes to working arrangements will be virtually impossible to reverse, and so the legacy of the YOLO economy is all but assured for the foreseeable future.

Where the financial markets come in

For those millennials without a business brainchild or existing side gig, trading and investing has proven a lucrative and accessible method of embracing the age of YOLO over the last year or so. With a sharp increase in disposable income amid a near-total shutdown of the services industry and the introduction of government stimulus checks, the stock market crash really couldn’t have come at a better time for the new breed of millennial investor. And though we’re now at new all-time highs, many analysts believe there are still opportunities to be had in the markets. But the most important message of the times — one that leading financial broker Libertex endorses — is that investing shouldn’t be done rashly or due to FOMO; it should instead be a means to a clear and considered end. This is tricky since YOLO has typically been used as a justification for all kinds of half-baked actions. But if we really apply the idea behind the catchphrase, “you only live once” can be interpreted as not allowing fear of failure hold you back from making a life-changing decision that you know in your gut to be the right one for you.

Trade for more with Libertex

This philosophy, which Libertex has termed Trade for More, essentially invites people to think of the financial markets as a vehicle to achieve their heart’s desires. First, however, you need to determine what ‘more’ means to you. It could just be more money, or it could be more time at home with your family, more freedom to do the things you love, more life and less work, basically. Once you have a definite end-goal in mind, you can start tailoring your investing approach to facilitate the realisation of these dreams. It might seem a little daunting at first, but first designating what you want to get out of trading or investing makes it much easier to stick to the course while concretely gauging your success. With a wide range of CFDs in stocks, commodities, cryptocurrency and more, Libertex is sure to have something for everyone. And since they offer both long and short positions, it doesn’t matter whether you think the market is at its peak or still has some distance to go. What’s more, the company’s award-winning app (available on iOS, Android and web browser) is one of the most user-friendly in the business and comes loaded with lots of additional features like in-chart technical analysis and trading signals. To create your own Libertex account today, simply complete the one-minute sign-up.

Week In Review: Dollar Crumbles, Gold Glitters, NFP Massively Disappoints

After a challenging month in April, we questioned whether the dollar could recover? Given its negative performance against G10 currencies this week, bulls certainly have a very steep hill to climb to reclaim back some control.

In our technical outlook, yen crosses were under the spotlight. Military tensions between China and Taiwan sparked risk aversion and boosted appetite for safe-haven currencies including the Japanese Yen.

As discussed on Tuesday, the USDJPY was blocked below 109.686. The repeated rejection around the 109.30 levels created a platform for bears to drag prices lower. A broadly weaker dollar on Friday following the dismal US jobs report sent the USDJPY tumbling towards 108.30.

Our stock of the week was Uber which released its Q1 results after US markets closed on Wednesday. The company reported mixed results for the first quarter of 2021. However, the net loss for the quarter was $108 million which was an incredible improvement from the $968 million it lost in Q4.

Mid-week global equity bulls made an appearance, shaking off the caution from China-Taiwan tensions and comments from Treasury Secretary Yellen. However, a late tech selloff sent the Nasdaq lower for the fourth consecutive session.

The Euro caught our attention after forming a death cross technical chart pattern. But this setup was trashed by a broadly weaker dollar on Friday. The EURUSD is trading around 1.2160 as of writing. A solid weekly close above 1.2150 could signal further upside in the week ahead.

On Thursday, the Bank of England was under the spotlight. Although the central bank left interest rates unchanged as widely expected, it reduced the pace of weekly asset purchases to £3.4 billion from the previous rate of £4.4 billion. While the BoE expressed optimism over the UK economy, hawks were kept at bay.

Looking at the technical picture, the GBPUSD remains in a wide range on the daily charts. A breakout could be on the horizon thanks to a weaker Dollar. Should bulls conquer the 1.4000 resistance, the next key level of interest will be around 1.4110.

It was all about the shocking payroll data on Friday. The US economy added 266,000 jobs in April, massively missing expectations for 990,000. March’s figure was also revised down to 770,000 from 916,000. In regards to the unemployment rate, this rose to 6.1% while average hourly earnings m/m rose 0.7%.

The key question is whether this bad news is good news for markets? Treasury Yields spiked as low as 1.464% before rebounding while the S&P 500 and Dow Jones rallied to fresh record highs.

In the commodity space, Gold exploded higher following the disappointing US jobs report. Prices punched above $1840 thanks to a tumbling Dollar and falling treasury yields.

Looking at the technical picture, the precious metal is experiencing a pullback from the daily high but is still on route to concluding the week over 3% higher. Bulls remain in the driving seat as long as $1800 proves to be reliable support.

Open your FXTM account today


Disclaimer: The content in this article comprises personal opinions and should not be construed as containing personal and/or other investment advice and/or an offer of and/or solicitation for any transactions in financial instruments and/or a guarantee and/or prediction of future performance. ForexTime (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 as to any loss arising from any investment based on the same.

US Stocks To Climb On Jobs Optimism

The S&P 500 is now just 0.23% away from its record high, while the Dow Jones Industrial Average posted a fresh record high. The Nasdaq 100 ended a 4-day losing streak, though remains about 3% lower from its highest ever closing price recorded on 16 April.

“At the time of writing, the futures contracts are pointing to further gains for US and European stocks before the weekend.”

Nonfarm payrolls to validate risk-on sentiment

Yesterday, the US recorded its first sub-500k weekly jobless claims since the pandemic forced lockdowns across the country. With more Americans re-entering the workforce, that would help bring the US economy further along into the post-pandemic era.

“Such optimism has to be endorsed by today’s US nonfarm payrolls data, with markets forecasting that one million jobs were added in April.”

While anything above March’s print of 916,000 would still demonstrate an improvement in the US jobs market, a payrolls tally that’s higher than the-expected one million could well trigger another wave of risk-taking activities across global markets.

Investors will also be monitoring how US consumer price pressures would react to more slack being taken out of the jobs market. More importantly, markets want to know whether such inflation would persist once the low base effect fades, and force the Fed’s hands into adjusting its policy settings earlier than what these central bankers have conveyed to the markets so far.

“The Fed’s commitment to its ultra-accommodative stance is arguably the biggest theme in play at the moment, despite the concerted attempts by officials to play down any talk about a premature paring of its stimulus measures.”

Gold breaches psychologically-important mark

Spot gold has broken above the $1800 level for the first time since February, and is set to register its biggest weekly gain of the year so far. Gold’s climb has been aided by stabilizing Treasury yields, which in turn has led to a US dollar that’s been moderating since April, noting the inverse relationship between gold and the greenback.

The precious metal is now up by almost 7.8% over the past two months, since it registered its year-to-date low on 8 March, and has now broken above its 100-day simple moving average.

Real yields on 10-year Treasuries remain firmly in negative territory, while its breakeven rates are now around their highest since 2013. Such conditions have implored gold prices to pare its year-to-date losses, considering its trait as a zero-yielding asset.

“In order for gold to push higher from current levels, spot prices must carve out an extended presence above $1800 in order to encourage more bulls to get off the sidelines, especially those who cling to the belief that the precious metal is a worthy hedge against faster inflation.”

Open your FXTM account today


Disclaimer: The content in this article comprises personal opinions and should not be construed as containing personal and/or other investment advice and/or an offer of and/or solicitation for any transactions in financial instruments and/or a guarantee and/or prediction of future performance. ForexTime (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 as to any loss arising from any investment based on the same.

Sterling Whipsaws On BoE Rate Decision

As widely expected, the central bank voted unanimously to leave interest rates unchanged at their current record low of 0.1%.

Falling Covid-19 cases, the rapid progress in vaccine rollouts, easing lockdown restrictions, and improving domestic conditions have brightened the UK’s economic outlook. Reflecting these positive developments, GDP is forecast to expand sharply in the second quarter of Q2. Annual economic growth for 2021 is projected to be around 7.25% – the strongest seen since the second world war. In 2022, the bank sees GDP at 5.75% versus the previous estimate of 7.25%.

In regards to inflation, this is expected to reach 2.5% by the end of 2021 before dropping back to 2% in the medium term.

Overall, the Bank of England sounded optimistic over the UK’s post-pandemic economic recovery. However, it felt like the bank took a leaf out of the Federal Reserve’s book in regards to messaging and cooling expectations around tightening monetary policy. Bank of England Governor, Andrew Bailey stated during the press conference that the decision to reduce gilt purchases was not tapering.

What does this mean for the Pound?

After the initial whipsaw, the British Pound later weakened against the Dollar and other G10 currencies.

The weakness could be based around the Bank of England not sounding as hawkish as expected and BoE Governor Bailey’s comments during the press conference. Nevertheless, Pound bulls remain supported by the positive developments in the United Kingdom. Looking at the currency’s performance since the start of 2021, it has appreciated against most of its peers in the G10 space excluding the Canadian Dollar and Norwegian Krone.

GBPUSD trapped within 200 pip range

The currency pair remains trapped in a wide 200 pip range on the daily charts.

Support can be found at 1.3800 and resistance at 1.4000. Given how prices are hovering above the 20-day and 50-day Simple Moving Average, this could provide a platform for bulls to attack with the first level of interest back at 1.4000. Given how the GBPUSD has been trapped within this current range since mid-April, it may take a fundamental catalyst to break out if the technicals fail.

Should prices secure a solid close above 1.4000, this could open a path towards 1.4110. Alternatively, a move below 1.3800 may trigger a decline towards 1.3715.

Open your FXTM account today


Disclaimer: The content in this article comprises personal opinions and should not be construed as containing personal and/or other investment advice and/or an offer of and/or solicitation for any transactions in financial instruments and/or a guarantee and/or prediction of future performance. ForexTime (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 as to any loss arising from any investment based on the same.

Investors Awaiting US Jobs Report Before Making The Next Move

But the Dow Jones Industrial Average managed to advance to a new record high with the support of cyclical industries. European markets are also set for a subdued open following a mixed Asia session which saw Japanese stocks outperforming on their return from holiday, while shares in China and Australia dropped after Beijing announced a suspension of regular economic dialogue with Canberra.

US bond yields are back under pressure with 10-year yields falling for a fifth straight day, preventing the dollar from further rallies. Meanwhile in commodities, Brent is still attempting to break above $70 a barrel as crude stockpiles in the US fell more sharply than anticipated.

Key trends for equity investors haven’t changed a lot so far this year. Value and cyclical stocks remain the main beneficiaries from the reopening of economies, while growth and tech firms with overstretched valuations continue to suffer. In an expensive equity market and with anticipation of higher interest rates, value tends to benefit the most and investors are sticking to this narrative.

Surprisingly though, the bond market is still doing holding up despite all sorts of talk about an overheating economy and soaring inflation expectations. The 10-year breakeven inflation rate which measures expected inflation over the next 10 years reached 2.47% on Wednesday, the highest in eight years. Meanwhile five year breakeven rates approached 2.7%, the highest in a decade.

If Friday’s US jobs report comes out strong enough to force the Federal Reserve to announce tapering of asset purchases later this year, we could see the upward trajectory in long term bond yields resume after its latest pause. However, looking at recent economic data releases, it seems the economy is failing to surprise to the upside.

The employment component of the US PMI Manufacturing and Services indices both came in slightly above market expectations this week. Private payrolls rose by 742,000 jobs in April posting its biggest gain in seven months but still fell short of the 800,000 forecast. Today’s initial jobless claims will also provide more information about the recovery in the labour market. But it is Friday’s non-farm payrolls report that will determine how bond yields could move and possibly take the dollar in the same direction.

Open your FXTM account today

Disclaimer: The content in this article comprises personal opinions and should not be construed as containing personal and/or other investment advice and/or an offer of and/or solicitation for any transactions in financial instruments and/or a guarantee and/or prediction of future performance. ForexTime (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 as to any loss arising from any investment based on the same.

Moneta Markets Launch Revamped Affiliate Partner Program!

As Moneta Markets continue to disrupt the FX and CFD industry, the revamped Partnership model rewards Affiliates with up to $1200 for deposits of $1000 or more. With three CPA plans to choose from, as well as an exclusive ‘Platinum’ model for their premium affiliate partners, Moneta Markets’ new program looks to set to change the landscape of the Forex affiliate industry.

When asked about the revamped CPA structure, Moneta Markets’ founder David Bily said that to stand out in an already crowded industry, you need to constantly evolve and innovate based on observations and of course, ongoing feedback from clients and partners alike.

Moneta Markets’ founder David Bily

“We created our new CPA model with two simple goals, to have tailored plans that better suit the type of traffic that partners choose to target, and to reward our most successful affiliates. By offering three CPA plans, Gold, Silver and Bronze, we can cater to affiliates of all types. No other broker in the industry offers this level of flexibility. And, with up to $1200 CPA on offer for deposits of $1000 or more, that makes us one of the highest paying forex brokers for affiliates.

“On top of the multiple payment structures, we have also created a new “Platinum” plan for affiliates who are bringing in high-quality traffic on a consistent basis that will reward them even more. On top of their CPA payments, Platinum partners will receive ongoing rebates on Forex in perpetuity, bi-weekly payouts, prepayments as well as a range of other exclusive benefits. We value the work of our partners, and it is important that we continue to build on these relationships and reward our affiliates accordingly.

“Our software providers and technology partners have also had a vital role in helping us to create a fully integrated system that streamlines each individual component of our Affiliate Partner program. By working closely with the team at Panda and Praxis, we have been able to create a system that allows fast client onboarding and account funding. And, by integrating the CellXpert platform with the Moneta Markets Client Portal and WebTrader platform, affiliates can access transparent reporting of payouts and rebates, powerful tracking, optimization and a comprehensive range of multilingual marketing materials that are optimised to convert, and to help partners reach traffic on a global scale. And, in an environment where we are seeing significantly more mobile traffic, we have integrated AppsFlyer into our AppTrader mobile platform for increased lead attribution, offering affiliates additional avenues to improve their earnings.”

In addition to the launch of their Affiliate program, Moneta Markets has also significantly reduced spreads across all instruments, a feature that affiliates are now leveraging when marketing the brand.

“We want to make it so that our partners can promote a superior product to our competitors, and with that in mind we are constantly looking to improve our offering. Recently, we have introduced new account types STP, True ECN and Moneta Prime, all of which offer some of the lowest spreads in the industry across not only Forex pairs, but all our Indices and Commodity products. Many brokers claim to have low spreads, but very few can live up to that promise. I can say with confidence that Moneta Markets’ spreads are much lower than our direct competitors, with the majors currency pairs and Indices averaging 0.0 pips.”

With the addition of multiple account types as well as offering multiple trading platforms to choose from, MetaTrader 4, MetaTrader 5, and their next-gen WebTrader platform, Moneta Markets continues to appeal to an expanding audience, living up to its reputation as not only the preferred partner for Affiliates, but as the broker to keep an eye on throughout 2021! To find out more about the broker’s first of its kind CPA Affiliate program, click here.

The Black Stuff and The Green List: Oil Volatility is On Its Way!

Those 55 miles per hour speed limits on the highway in the 1970s were largely down to shortages of supply and were designed to ensure less fuel was used by motorists as a result of war rather than for the purposes of road safety which they were largely perceived as.

Today, very little has changed, despite the substantial investment in renewable energy and alternative methods of generating motive power for everything from central heating to transport, and the value of the sticky black stuff is still inexorably dependent on the utterings of government leaders.

Over the past year, to consider oil to have been a volatile commodity is an understatement, its value having dropped into negative equity around one year ago for the first time in history, and the ensuing lockdowns and travel bans having created lower prices in the Western markets whilst demand in South and South East Asia has remained very high.

Today, crude oil is absolutely under the microscope. Even the OPEC countries are publicly discussing its immediate future, with Ihsan Abdul Jabbar, the Oil Minister of Iraq, OPEC’s second largest producer, noted that oil could probably remain around US$65 a barrel.

Standard data is scheduled for release within the next 24 hours in the United States, in the form of the weekly inventories from the American Petroleum Institute, which will be compared to the unexpected climb last week to 90,000 barrels, however this is a bland, routine spreadsheet exercise.

The matter of real interest is that commercial consumers and distributors will likely be assessing a huge increase in purchasing refined petroleum products such as gasoline for cars, and perhaps more specifically, kerosene for aircraft, meaning that more crude oil will be bought by refineries, as the perpetually locked down European Union and its Trans-Atlantic neighbours on the entire North American continent begin to lift travel restrictions.

A combination of pent-up will to travel after a year of blocked borders and a desperate travel industry wanting to regenerate its lost earnings would result in skies full of aircraft, especially as the summer begins and the lure of cut-price tourism gives those seeking refuge from the four walls of constraint.

Companies such as Wizz Air, easyJet and Ryanair have all been advertising cheap flights recently, and have been targeting members of the public who would look to fly within Europe as soon as the travel ban is lifted. This means lots of reservations and therefore a demand for fuel.

The European Commission put forward a proposal on Monday this week to expand the list of countries whose citizens may visit the European Union for nonessential reasons and its president, Ursula von der Leyen tweeted “Time to revive EU tourism industry & for cross-border friendships to rekindle – safely. We propose to welcome again vaccinated visitors & those from countries with a good health situation.”

The decision to lift further restrictions for tourism and non-essential travel will be up to the member states and the proposal was discussed at length yesterday.

India has been a huge consumer of oil in recent weeks, and despite Iraq’s oil minister’s predictions, there is speculation within India that it may rise to $80 by the summer of this year, substantially higher than Mr Abdul Jabbar’s prediction of $65.

India, the world’s third-largest oil importer, has increased its use so dramatically recently that OPEC+, out of its own necessity, has intervened in the oil market on the supply side of the equation to offset the oil demand.

As of April 6, the EIA saw global oil demand at 97.7 million bpd this year. Compared to Brent prices that were near $65 per barrel in March, the EIA sees not much movement in the price of Brent, estimating $65/barrel in Q2 2021, $61 per barrel in H2 2021, and even worse–$60 per barrel in 2022.

The US Energy Information Administration (EIA) has overseen a global oil demand at 97.7 million barrels per day this year as of April 6, the EIA Compared to Brent prices that were near $65 per barrel in March, the EIA sees not much movement in the price of Brent, estimating $65/barrel in Q2 2021, $61 per barrel in H2 2021, and even worse–$60 per barrel in 2022, which is a contrasting forecast to what the market analysts and OPEC commentators are expecting!

Such diverging views is a clear sign that volatility is likely to remain for some time yet.

Go figure!

Andrew Saks, Head of Research and Analysis at ETX Capital


Risk warning: Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74.5% of retail investor accounts lose money when spread betting or trading CFDs with ETX. You should consider whether you understand how spread bets or CFDs work and whether you can afford to take the high risk of losing your money.
Authorised and regulated by the Financial Conduct Authority, with Firm Reference Number 124721.