The big oil rally seems to be far from over, and the WTI (West Texas Intermediate) benchmark rose above 67.50 USD on Monday for the first time since October 2018. Offshore oil and gas development is set to recover from the shock that prices and demand went through due to the pandemic. It’s also setRead More
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Stocks seem wobbly. Are markets heading for a correction?
Stock markets across the world look overvalued, and many market participants are calling for a correction. Many catalysts could cause a sharp sell-off – such as rising yields, inflation pressures, strengthening US dollar, and so on. The greenback usually advances during risk-off sentiment. Considering the dollar index has broken to the upside from a largeRead More
Are Rising Yields Going to Spoil the Bullish Party?
US yields are seeing another day of highs. The US 10-year yield rose to fresh cycle highs on Monday and was trading slightly below the 1.4% handle as traders keep dumping bonds due to inflation expectations. Based on Federal Reserve (Fed) funds futures markets, the chances of a 0.25% Fed rate hike by the endRead More
3 Ways Online Tools Empower You to Start Trading
What is one of the most powerful tools that allows you to trade without breaking the bank? INFINOX Managing Director, Jay Mawji, highlights how technology plays a critical role in helping Africans trade, and what you should look for in a trading partner. “Accessibility, accountability and affordability. These are the 3 keys to understanding howRead More
USD Remains Low Despite Spiking US Yields
Over the previous days and weeks, we’ve seen some severe “spikes” in longer-term US yields, while short-term yields remain depressed near record lows. The yield curve has steepened notably, which has always been a bearish sign for the overall economy and financial markets. The US 30-year yield rose back to a 2-handle, above 2%, the highestRead More
Forex Brokers Unprofitability – February 2021
As the year 2020 has come to end, a lot of Forex brokers have updated their traders’ unprofitability numbers as required by the ESMA regulations. Even though these numbers have to be updated by Forex/ CFD brokers on a quarterly basis, not all regulated European brokers do that regularly. However, the vast majority of brokers already refreshed their risk warning, so we can finally check the updates. We suppose the percentage displayed by brokers includes the number of all losing accounts divided by the number of allRead More
Oil Rally Continues, How High Will It Go?
As of Wednesday, West Texas Intermediate (WTI) crude oil has been seeing gains for eight consecutive days, and at the time of writing is trading near 58.60 USD. Oil gained 135% in February alone, making it one of the best-performing commodities. Last April, WTI dropped below zero with the subsequent front-month contract trading at aroundRead More
10 Gifts 2020 Gave Traders
When we look back on 2020, we’ll probably remember COVID-19, the sudden virus outbreak that tanked markets and crashed economies. The future looked painfully uncertain, and it dramatically affected almost every aspect of our normal everyday life. Despite the dark clouds and many weathered storms, 2020 had its share of silver linings too. For millionsRead More
Technology drives an inclusive trading market
INFINOX Managing Director, Jay Mawji, explains that technological advancements have allowed everyday people the opportunity to trade without breaking the bank, and highlights key takeaways of what clients should be looking for in an online trading partner. Gone are the days of being in the know and wheeling and dealing with the stressed out stockRead More
Silver Can’t Hold Gains While Gold is Still Bearish
Monday’s euphoria in the financial market seems to be over as silver is down 5% on Tuesday, while gold was trading 0.5% weaker during the London session. Precious metals usually drop when banks start selling paper, silver, and gold futures – this is what we witnessed today. With demand for physical silver going through theRead More