The White House and Joe Biden have, as expected, nominated Fed Chairman Powell for a second term as chairman of the Federal Reserve (Fed). Lael Brainard will be vice-chair of the Fed, taking the reins from Richard Clarida, the current vice-chairman, whose time on the board of governors is set to expire in January. ClaridaRead More
Category: Industry
GCEX and PrimeXM launch a new liquidity distribution partnership
GCEX, a leading provider of digital technology solutions in crypto-assets and multi-segment currencies, has announced integration with PrimeXM’s XCore. PrimeXM is one of the leading technology B2B providers to the retail and institutional electronic e-trading industry, delivering cutting-edge aggregation and execution management software – XCore. GCEX (GC Exchange Limited) was established in 2018 as aRead More
ECB Surprises Markets, Changes Guidance to Hawkish
The euro has rallied strongly over the previous days as traders bought the shared currency following last week’s European Central Bank (ECB) monetary policy decision and press conference. At its Thursday meeting, the ECB sounded unexpectedly hawkish, saying it might recalibrate monetary policy at its next meeting in March. According to the report, the GoverningRead More
The US Dollar Remains Bullish Amid Fed’s Tightening Expectations
Traders rebought the US dollar as sentiment has deteriorated notably, pushing safe-haven assets such as the USD or US bonds higher. Earlier on Monday, the US Manufacturing PMI dropped from 57.7 to 55.0 (worse than the expected 56.8) while the Services survey utterly collapsed from 57.6 to 50.9 (hugely worse than the expected 55.0). Those were theRead More
The SP500 Tries to Remain Bullish
The benchmark of all equity indices – the SP500 index – traded above 4,500 USD on Monday evening, trying to defend its short-term uptrend. Rising Yields Still Not Causing Concerns Investors continue to ignore rising yields, along with the Federal Reserve’s (Fed) aggressiveness in tightening monetary policy. US yields continued to increase sharply on Monday,Read More
Oil Remains Volatile, Outlook Neutral After Friday’s Collapse
Friday’s ultimate crash brought the West Texas Intermediate (WTI) benchmark from 78 USD to 68 USD as panic selling hit the markets, following news that a new COVID variant has emerged in South Africa. Stocks plunged, yields cratered, and oil collapsed. Monday saw some dip buying in most of the assets as US equities erased most ofRead More
IG Group hires Max Hayden as new Global Head of Institutional Sales
UK online trading leader IG Group Holdings plc has announced the appointment of Max Hayden as Global Head of Institutional Sales. With the help of Mr. Hayden the company expects to further strengthen its institutional business as part of its wider strategic investment for growth. Mr. Hayden is based at IG’s offices in London andRead More
WTI Benchmark Falling: Oil at an Important Crossroad
The West Texas Intermediate (WTI) benchmark has been falling recently, and the price dipped below the psychological 100 USD threshold. Can the short-term bearish trend continue? To bring price stability to the oil market, the IEA has promised to infuse an additional 60 million barrels of oil into the global supply from its strategic oilRead More
HotForex teamed up with Santos E-Sports
The award-winning forex and commodities broker on CFDs, HotForex partnered with the Santos e-Sports, one of the world’s biggest electronic sports teams, announcing about the launch of the very first broker and esport partnership. Santos HotForex e-Sports, the esports division of Santos FC, has become one of the world′s biggest electronic sports clubs in justRead More
A New Dedicated News-Portal Has Arrived: Axiory Intelligence
Axiory has launched a new market news provider in the Fintech industry, Axiory Intelligence. The brain-child of global fintech company Axiory, it is an independent, dedicated, market news portal for traders, investors, and all financial enthusiast. Axiory Intelligence serves as a reliable source for up-to-date, fast, and relevant content for traders to stay informed onRead More