Main Events of the Week!

Transitory versus sustained?

Headline and core prices are expected to jump to 4.7% and 3.5% respectively in the US CPI numbers with base effects being the primary reason for the surge higher. This should be the peak for US prices with the trend starting to come down in June, although some economists still believe they will remain elevated and above target through the rest of the year. But the Fed is in no rush to respond as it is happy to look through the spike in rising prices, especially as the latest US job figures provide a further excuse for its patient stance.

We’ve seen bond markets move already with yields falling steadily all week with the widely-watched US 10-year Treasury now trading below 1.5%, the first time since March. A bumper headline number to the topside of estimates is surely needed to arrest this fall, but bond markets are known to generally lead markets so it will be fascinating to see who is right later today.

USD/JPY has been tracking sideways this week in a narrow range around 109.50. A bumper CPI print would push the pair higher and challenge last week’s highs at 110.32/33 while support rests at the 50-day SMA at 109.10 near this week’s lows.

ECB meeting and taper talk

ECB officials have recently been talking down any mention of tapering bond buys in the emergency ECB programme but there are some expectations that there may be a small change in guidance. This would come in the statement with a shift from “significantly” to “moderately” higher than at the start of the year and see buying cut to €70bn/month versus the current rate of €80bn/month. If President Lagarde does not repeat this “taper on hold” message or there is a communication error, then the risks are skewed to a higher euro as market expectations are generally currently cautious.

EUR/USD has been treading water this week either side of 1.22. Any bullish talk from Lagarde will see the pair push higher towards end of May highs at 1.2266 with the January peak at 1.2349. Last Friday’s low at 1.2103 is support if the ECB gets out its very patient and vigilant card.

By Lukman Otunuga Research Analyst


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.

HotForex Rewards Partners With New RevShare+ Program

How it Works

HotForex Partners can choose to join the RevShare+ program and earn an additional bonus every month, on top of their existing partner commission.

There are five RevShare+ Rewards in the program and participants can receive monthly bonuses up to $5000!

Each Reward is obtained when the participating partner meets the minimum monthly requirements in terms of new clients, lots traded and cashflow. Partners essentially take the potential of rewards in their own hands – how fast they obtained the rewards is directly connected to how fast they meet the requirements.

A HotForex spokesperson commented on the new reward program: “We want our Partners to win the returns they deserve for their loyalty and for being a valued HotForex partner. For this, we always strive to upgrade our suite of promotions to offer them the opportunity to receive multiple rewards from the moment they partner with us, through to every move they make. With RevShare+ our Partners can increase their earnings and start growing their business with an additional bonus every month, on top of their standard commission.”

Visit the HotForex website today to find out more about RevShare+.

About HotForex

HotForex is an internationally acclaimed multi-asset broker of choice to over 2.5 million live accounts worldwide that has earned over 45 coveted industry awards in its ten year history. The company offers a wide variety of account types, innovative products, platforms, tools and educational resources besides outstanding customer service and unparalleled trading conditions to facilitate individuals and institutional customers to trade Forex and CFDs online.

LEICESTER CITY AND FBS ANNOUNCE RECORD NEW PRINCIPAL CLUB PARTNERSHIP

The partnership will begin with the 2021/2022 season, with the Foxes wearing the new shirts with the FBS logo for the first time in the final Premier League match against Tottenham Hotspur at King Power Stadium this Sunday, May 23.

The partnership will bring together the 2015/16 Premier League Champions and 2021 FA Cup winners with one of the world’s fastest-growing financial services companies.

This commitment between FBS and the Club will harness the growing strength of the Leicester City story to showcase the unique capabilities of FBS to transform the way the world invests. With its name on the front of the Foxes shirt and other key media, FBS will build worldwide awareness of its technology and trading services.

FBS has over 16 million customers worldwide and operates in almost all countries globally. The company’s ambition is to utilize technology to make investing into the financial markets accessible to everyone, making it the ideal fit for Leicester City, who have created a global community of fans spanning cultures and continents following their famous Premier League win in 2015/16.

Susan Whelan, Chief Executive Officer for Leicester City, said: “We are tremendously proud to be beginning this partnership with FBS, one of the most exciting and dynamic global financial services companies. Establishing key partners of this scale and ambition has always been a central part of our vision for the Club, enabling us to keep investing in improvement and growth while enhancing the Club’s profile all over the world. We are looking forward to working with FBS to bring to life our vision for the partnership to the world and our global fanbase.”

Yulia Ivanova, FBS Chief Executive Officer, said: “We are very excited about this partnership and the opportunity to align FBS with the incredible Leicester City story, which continues to capture the imagination of sports fans all over the world. It will significantly expand our brand positioning and it will help us market our comprehensive solutions portfolio to all customers globally. We are extremely proud to partner with Leicester City and to be part of the Club’s story in the years to come.”

For more information contact:

Lena Kail
FBS PR-manager
e.kail@fbs.com

LCFC Media Relations

press@lcfc.co.uk
+44 (0)116 229 4944

 

RXI, The New Revolutionary Real-Time Risk Intelligence Solution – Intelligence Made Simple.

RXI is an intelligence solution that will ultimately change the way brokers will measure and view their risk and KPIs. RXI has been designed to provide dealers and risk managers with a global view across their entire trading operation within a single GUI. The ground-breaking solution offers simultaneous real-time data with in-depth risk analysis and the ability to allow for instantaneous actions.

Considering the market changes over the last year or so, forex brokers now, more than ever, need to stay ahead of their competition by advancing their resources, automation, and overall operations.

Several elements in the forex industry highlight that risk management and measurement as a great challenge for every forex broker. With the significant risks that arise through trading, risk management is of most importance for any forex broker.

As FXCubic put it, the RXI risk intelligence solution is “intelligence made simple.” With multiple benefits that come with having the RXI solution.

FXCubic have marked a significant milestone by taking the next innovative step into designing and developing a risk intelligence solution for a market that very much requires such a solution. Innovation is FXCubic’s middle name, and they will undoubtedly revolutionize the forex industry even further through this major step forward.

To find more information or to request a free demonstration of RXI’s sophisticated new technology, click here.

FBS CopyTrade Runs Referral Program

Profit together with friends

Now FBS CopyTrade users can invite friends to the app and get rewarded for that. If meeting the program conditions, a user receives a $15 bonus, a friend – $5. The number of friends is unlimited, but the bonus is available to receive no more than five times. The maximum bonus sum is $75 for a user and $80 for a newcomer.

A user can share his personal Referral link with followers on social media or with friends in private messages to invite friends. The link is available to copy on the FBS CopyTrade promo page.

Referral Program is developed for users who are ready to build their own prosperous communities. Investing with FBS CopyTrade might become a brand new common interest that will bring users and their friends closer together. By participating in the program, a user increases his investing capital by $75, and a newcomer takes a good start in copy trading with a $5 bonus.


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

More than 2 million investors join the app since it was launched in 2018. FBS CopyTrade allows people who are less experienced in trading to increase their capital by copying the selected skilled traders. The traders get a commission from each copier after a successful transaction. The support team of the app operates 24/7 with more than 15 languages.

FBS is an international broker with over 150 countries of presence and 12 years of expertise, providing knowledge via free seminars, special events, educational materials, and daily analytics.

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

 

Guru Capital Reaches Agreement To Acquire Oval

In addition, Guru Capital is in the process of negotiating the acquisition by an associated fund of 100% of the shares of Oval Money Ltd’s Spanish regulated investment firm subsidiary, Oval Marketplace A.V., S.L.

These acquisitions support ETX’s and Oval’s shared mission of making a wide range of financial services and products accessible and affordable to everyone. The combination will help accelerate business growth and client engagement by supporting clients in setting smart rules for defining their savings habits and investment goals, making payments, and tracking spending as well as trading in the financial markets through a single mobile app.

About Oval Money: www.ovalmoney.com

The recipient of multiple Fintech awards since its launch in 2017, Oval operates a very successful mobile app that has over 100,000 active users, helping them to save and invest through their marketplace of financial products, automatically and on a recurring basis.

About ETX Capital: www.etxcapital.com

Founded in 1965, ETX is one of the leading online CFD and Financial Spread Betting brokers providing online trading services primarily to UK and European clients with access to over 5,000 markets including Stocks, Indices, Commodities, Forex and Cryptocurrencies.

For further information please contact: media@gurucapital.com

 

M4Markets named ‘Best Newcomer Broker’ at Broker Awards 2021

The award is a recognition of M4Markets ongoing commitment to making its services more accessible to its global audience, including a complete website redesign, seminars across the globes,  the introduction of new technology solutions, payment providers and expanding its product offering.  

Having taken its first steps in 2020, M4Markets has focused on offering a very competitive trading environment, especially in terms of spreads and commissions, and excellent customer service. The reward is confirmation of the hard work put in by the whole team and M4Markets is now positioned among some of the biggest brokers in the industry who have been offering their services for many years.  

Apart from the focus on technology, M4Markets has also focused on its personal approach to clients and offers exceptional customer support. Traders can reach out to M4Markets to speak to someone about any concerns or questions they have, and the highly trained staff can support them on their trading journey.  

Commenting on winning the ‘Best Newcomer Broker’ award, M4Markets Executive Director, Deepak  Jassal noted that M4Markets’ transparency, honesty, innovation, client orientation and their passion for trading has put the company on the map. “This accolade simply showcases our team’s determination in offering a truly unique trading experience to all our clients. Having been voted by  so many of our traders proves that people are happy with the quality of service we provide, and we  couldn’t be more honoured, but we will never rest and we will continue to improve every part of our  business to the benefit of our traders.”  

About M4Markets 

M4Markets is one of the fastest-growing regulated Forex and CFD brokers with a multi-asset offering and a focus on trader experience. With low spreads and no requotes, segregated trust accounts,  ultra-fast execution and regulated by the Financial Services Authority (FSA) in the Seychelles,  M4Markets is one of the most trusted brokers. 

www.m4markets.com

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.

FXChoice Adds $500 Bonanza To Its Refer-And-Earn Programme

The new addition could bring participants up to $1750 in earnings for introducing five funded clients to the company.

Who are FXChoice?

FXChoice is a leading, fully regulated forex broker with award-winning Customer Service. They offer tight spreads starting from 0 pips, and their Pips+ loyalty programme provides outstanding benefits.

A variety of deposit options are available and include bitcoin (among other cryptos), making FXChoice one of the best places to deposit and trade in the crypto space.

Their Refer-and-Earn programme is only one of the partnerships available – they also offer MAM accounts to Money Managers and an IB programme to professional Introducing Brokers.

But that’s not all …

Referrals introduced to FXChoice during the promotion will be given a 15% Welcome Bonus on their deposits, which can later be withdrawn as real funds.

You must be a client at FXChoice to participate, but joining up is free and easy. Then you need to refer at least five people to FXChoice using a unique referral link. Once they’ve funded their accounts, the $500 reward is released.

Check out FXChoice’s dedicated page to the promotion and see how you could pocket yourself an extra $500 today.

New NordFX Savings Account: Investment Income Plus Trading Income

This account allows you not only to receive passive income up to 30% per annum, but also to increase your profits through operations in the financial markets. It is just enough to take a trade loan at only 3%.

DeFi (from the English “Decentralized financing”) is a term for special applications in cryptocurrency or blockchain, aimed at eliminating financial intermediaries. It is these advantages of DeFi that have formed the basis of the innovative new NordFX Savings Account, allowing its owners to generate profits many times higher than interest on bank deposits. Passive income on their investments is currently about 30% per annum and may vary.

The world’s most popular stablecoin, Tether (USDT), the rate of which is secured by real US dollars in a ratio of 1:1, is used as the account currency. The minimum deposit amount for this account is equal to $500. In addition to USDT, deposits are also allowed with USDC and DAI stablecoins, which will be automatically converted to USDT. Withdrawals are also possible in USDT.

The undoubted advantage of this account is the ability to take a trade loan secured by the funds placed in it. The interest on the loan is only 3% per annum and is deducted from the investment income. The loan funds are instantly credited to the balance of the Trader’s Cabinet and can be used for trading on terms similar to those of a Zero account.

This feature gives account holders the opportunity to maximize returns on their investments through trading in financial markets.

Investment income is credited to the Savings Account on a daily basis and can be withdrawn at any time without restrictions.

Eightcap Introduces a Revolutionary AI-driven Trading Experience to Clients 

Eightcap, a rapidly growing global broker, has formed a strategic partnership with Capitalise.ai, a leading global provider of a ground-breaking trading automation and analysis platform. Eightcap’s clients will have the opportunity to enjoy a seamless trading experience by fully automating their trading strategies using free-style text and getting the latest insights provided by Capitalise.ai’s outstanding analytics features.

Eightcap users will have access to automation and analytic tools, including backtesting, loop strategies, smart notifications, and much more. Users will also have access to Capitalise.ai’s mobile app for Android and iOS so that they can stay in control of their trades 24/7, 365 days a year.

“We’re excited to offer Capitalise.ai’s trading automation and analytics on our platform and expand the range of options for our clients as we continue to build a home for MetaTrader users,” said Joel Murphy, CEO, Eightcap.“Capitalise.ai has made it simple and compelling for traders on all levels to create automated trading strategies with it’s super-easy, feature-packed trading platform. We’re thrilled to integrate Capitalise.ai on the Eightcap platform, so our clients can gain the highest trading experience and amplify their performance.”

Amir Shiovich, Capitlise.ai CTO & Co-Founder: “2020 has been a big year for online trading. I am excited to partner with Eightcap, a globally trusted broker, as we continue to make automatic trading and analytics accessible to all types of traders. With this new partnership, we look forward to adding real, tangible value to Eightcap’s traders and maximize trading opportunities for users looking to make the most of this bullish market.”

About Eightcap

Eightcap is an online financial trading company based in Melbourne, Australia. Eightcap is regulated by the Australian Securities and Investments Commission (ASIC) and provides online Forex and CFD trading solutions, with five offices worldwide and regulations in multiple locations. The broker provides access to a broad range of global financial markets through an award-winning trading platform. Supported with competitive pricing, outstanding client support, and superior execution technology, Eightcap offers trading to retail and institutional clients across Forex, Indices, Commodities, and Shares markets.

About Capitalise.ai

Capitalise.ai is an innovative analytics and trading automation platform that amplifies top tier brokerage firms’ performance by offering a trading experience like no other.

With Capitalise.ai, brokers can now offer all traders analytics and a seamless automated trading experience, previously reserved only for highly technical traders. For the first time, traders with zero technical skills can automate their trading using freestyle text.

Capitalise.ai’s platform is extensive and rich in capabilities and features and is being utilized by leading brokers worldwide.

XTB Investing Day 2021 feat. Chris Capre

The online event will take place on Thursday, April 29, at 5:00 pm (BST).

Chris is an expert in trading price action, ichimoku and neuroscience, as well as building a successful trading mindset. He’s taught over 10,000 traders, turning many of them into profitable traders who are training to become funded traders by Chris.

In his presentation at XTB’s Investing Day 2021, he will focus on day trading stocks. Day trading is one of the most popular trading activities, and if you’ve ever wanted to learn how to day trade stocks, his presentation is for you. Chris will show how to:

  • Scan for stocks to day trade
  • Select the stocks you want to trade
  • Find which indicators to use
  • and reveal his number one strategy for day trading stocks

You can find the full itinerary and breakdown of guest speakers, as well as instructions on how to sign up for free, on their website.

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

BZEN

You can find the full itinerary and breakdown of guest speakers, as well as instructions on how to sign up for free, on their website.

Trading CFDs on a leveraged basis involves a significant amount of risk. They may not be suitable for everyone, so please ensure you fully understand all of the risks.