- China Australia Thaw, Gold Stocks Go in Opposite Directionsby ForexLive on May 24, 2022 at 6:54 am
Australian markets, equities and currency did attempt to lift yesterday. Largely on a 'buy the fact' trader basis, but there was also a bounce in markets generally. Also that all important hope for an end to the previous red-neck foreign policy toward China. That does not mean important geo-security issues can be ignored. Simply that there is a more mature and reasoned way of communicating unsettlement and disagreement, than grand standing at the UN Prime Ministers address as occurred previously. Even President Biden is today talking of reconsidering the Trump era sanctions against China. It makes no sense at all for Australia, with China as our major trading partner, to continue to be unduly aggressive. Things will not change overnight. There has been significant damage in relations in both directions, but today’s news of the first Ministerial communication from China to congratulate Anthony Albanese and to suggest an open door to discussions again is significant. This is a seismic shift and the Albanese government should take care to make the most of this window opening. We can make our arguments on all issues with China in a way that gets a good hearing and is well received. Markets As suspected yesterday, the immediate Australian bounce for currency and stocks looks to be tiring a little. Albeit after some further initial strength in overseas markets. The strongest looking major market at the moment looks to be Gold. Making steady gains indeed over the past week. While the more vulnerable of the major global markets, remains the US stock market. The SP500 index was already rolling over again at the New York close. This appears to be a general global market shift of pulling back from recent risk-off behaviour, but now again beginning to fall back into that bearish equity markets dominance overall. Clifford Bennett ACY Securities Chief Economist. The view expressed within this document are solely that of Clifford Bennett’s and do not represent the views of ACY Securities. All commentary is on the record and may be quoted without further permission required from ACY Securities or Clifford Bennett. This content may have been written by a third party. ACY makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or other information supplied by any third-party. This content is information only, and does not constitute financial, investment or other advice on which you can rely.
- AUD Steadies After Left-Leaning Govt Elected; DXY Gainsby ForexLive on May 23, 2022 at 9:43 am
Over the weekend Australians voted in a Labour government after almost a decade of Conservative rule. The election result saw a shift in the country on the pivotal role of climate change. Incoming Prime Minister-elect Anthony Albanese told Australians in his victory speech that “together we can end climate wars.” In early Asian trade this morning, the Australian Dollar (AUD/USD) steadied to 0.7050, little-changed from Friday’s opening (0.7045). Overnight, the Aussie Battler slid to a low at 0.7002 before rallying. The Dollar Index (USD/DXY), a popular measure of the US currency’s value against a basket of 6 major rivals, gained 0.29% to 103.02 following its slide to 102.77. The Euro (EUR/USD) faltered, settling at 1.0565 at the New York close after attempting to break above the 1.0600 level. Sterling (GBP/USD) edged modestly higher to 1.2480 (1.2460 Friday), after failing to clear the 1.2500 resistance level. Against the Japanese Yen, the Greenback was little changed at 127.85 from 127.80. Overnight, the USD/JPY pair traded to a high at 128.30. The Dollar was mostly lower against the Asian and Emerging Market currencies. USD/SGD (US Dollar-Singapore Dollar) dipped to 1.3800 from 1.3815 while the USD/CNH pair (US Dollar-Offshore Chinese Yuan) slumped to 6.6900 from 6.7200 on Friday. The US 10-year Treasury Bond Yield fell 6 basis points to 2.78%, leading other global rates lower. Germany’s 10-year Bund was unchanged, closing with a yield at 0.94%. Japan’s 10-year JGB note was flat at 0.23%. Most global stocks finished with moderate gains. The DOW edged up to 31,295 from 31,245 while the S&P 500 finished at 3,907 (3.901 Friday). Data released on Friday saw UK GFK Consumer Confidence dip to -40 from a previous -38, lower than estimates at -39. New Zealand’s Trade Surplus climbed to +NZD 584 million, beating expectation of -NZD 352 million. Japan’s National Core CPI rose to 2.1% from a previous 0.8%, and higher than estimates at 2.0%. Germany’s April PPI was up to 2.8% against expectations of 1.4% but lower than the previous 4.9%. UK April Retail Sales jumped to 1.4% from a previous -1.4%, and higher than estimates at -0.2%. Eurozone Consumer Confidence saw a -21.0 read from a previous -22 and median estimates at -21.5. · EUR/USD – The shared currency retreated in early trade Friday hitting 1.0533 overnight lows from its opening at 1.0580. In late New York, the Euro rebounded to 1.0599 overnight highs before easing to settle at 1.0565 at the close. Net speculative Euro shorts were on the bid paring their positions. · AUD/USD – The Australian Dollar rebounded off its overnight low at 0.7002 after opening at 0.7050 on Friday. The election result had little effect on the Australian Dollar which held its gains versus the overall weaker Greenback. The newly elected Labour government is not expected to change the stance of the RBA. · USD/JPY – Against the Yen, the Greenback finished at 127.85, little changed from Friday’s open at 127.80. Overnight high traded was at 128.30. A paring of speculative long Dollar bets weighed on this currency pair. Overnight low recorded was at 127.53. · GBP/USD – Sterling saw a modest bounce to 1.2480 at the New York close from Friday’s open at 1.2460. The GBP/USD pair initially traded to an overnight high at 1.2500. Overnight low traded was at 1.2430. In early Asian trade, the British currency rallied to high of 1.2511 before settling back to 1.2500. On the Lookout: This week starts off with a light economic calendar today amidst a Canadian holiday. There are no major Australian and Asian data releases. The World Economic Forum holds its meeting today in Davos, Switzerland. This meeting usually attracts media scrutiny because world authorities exchange opinions on a variety of major topics. Climate change, economic instability and growth are among the major topics discussed. Germany releases is May IFO Business Climate (f/c 91.4 from 91.8 – ACY Finlogix). Germany’s Bundesbank follows with its Monthly Report. The US round up a quiet calendar with its Chicago Fed National Activity Index for April (no f/c, previous was 0.44). The calendar picks up during the week with the release of Global Manufacturing PMIs which are released tomorrow. The US also releases its April New Home Sales data. Wednesday sees US Headline and Core Durable Goods Orders for April and the release of the FOMC Minutes (early Thursday, Sydney time). The US reports its Preliminary Estimate of Q2 GDP Growth Rate on Thursday. Friday sees the release of Australian April Retail Sales and US April Personal Spending and Personal Income. Trading Perspective: Support for the US Dollar emerged following a bout of profit-taking and position adjustments on Friday. The Dollar Index (DXY) rebounded off its overnight lows at 102.77 to 103.02 at the close. Last week the DXY hit a high at 104.45. Global treasury yields were lower led by a slide in the benchmark US 10-year rate which settled at 2.78% (2.84% Friday). This should keep the Dollar’s topside limited. At the close of trade on Friday, speculative market positioning remained long of the Greenback. Ahead of key economic data releases this week, expect consolidation today in FX. · EUR/USD – After holding various attempts to break lower, the shared currency saw speculative shorts chase offers pushing it to a high at 1.0599. The Euro dipped to finish at 1.0565 in New York. Overnight low traded was at 1.0533. For today, immediate resistance lies at 1.0600 followed by 1.0630 and 1.0660. A break above 1.0600 could see 1.0650 and 1.0700. On the downside support lies at 1.0530 followed by 1.0500 and 1.0470. Expect consolidation today in a likely range of 1.0520-1.0620. Preference -trade the range today. · AUD/USD – The Aussie Dollar has come back bid despite a change in government where the leftist leaning Labour Party took power. In early Asian trade, RBA Assistant Governor Christopher Kent told a conference in Sydney today that current policy was quite stimulatory. The AUD/USD pair rallied to 0.7070 from 0.7050, before settling at 0.7062. Immediate resistance lies at 0.7100 and 0.7130. Immediate support can be found at 0.7030, 0.7000 and 0.6970. Look for consolidation, with a likely grind higher for the AUD/USD between 0.7030-0.7130. Trade the range today, there’s more volatility to come. (Source: Finlogix.com) · GBP/USD – The British Pound lifted against the broadly based weaker Greenback past the 1.2500 resistance barrier in early Asia to a high at 1.2512. Currently the GBP/USD pair traded at 1.2505. For today, immediate resistance lies at 1.2530 followed by 1.2560. Immediate support can be found at 1.2470. On Friday, Sterling opened at 1.2465. The next support level lies at 1.2440. Look for Sterling to trade a likely range today of 1.2450-1.2550. · USD/JPY – Against the Japanese Yen, the Dollar saw a more subdued trading day on Friday, settling at 127.85 from its opening at 127.80. Overnight high traded was at 128.30. On the day, immediate resistance can be found at 128.00, 128.30 and 128.60. Immediate support lies at 127.50 (overnight low traded was at 127.53). The next support level is found at 127.20. Look for a sideways trade initially today in USD/JPY, likely between 127.50-128.50. Prefer to buy dips toward 127.50. Have a good Monday start all, and a profitable trading week ahead. This content may have been written by a third party. ACY makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or other information supplied by any third-party. This content is information only, and does not constitute financial, investment or other advice on which you can rely. This article was written by Michael Moran, ACY Senior Currency Strategist at ACY Securities.
- ALP Win What Now?by ForexLive on May 23, 2022 at 9:37 am
· The ALP has won government and there will be changes. · The Liberals have only themselves to blame. · The Economy cannot find its way froward effectively without urgent and dramatic review of the RBA. The Liberals have only themselves to blame in Australia. The only question is are they capable of figuring that out? Congratulations to Anthony Albanese, being sworn in as I write this article, and to the ALP. Also to the Nationals who did well, the Greens picking up three seats in Queensland and all the independents who have done so well. There were a lot of factors at play, but for me, the key points were that Bill Shorten lost the previous election, it was not so much the great Morrison victory the Coalition though it was. And hence, the huge dis-satisfaction with Scott Morrison in the electorate, personally and on leadership and policy issues, that the Liberal Party did not pick up until it was too late. The Australian public simply decided that if the party will not get rid of him, they will. The other massive factor was the increasing awareness of Australia’s climate responsibilities. What now and what does this mean for markets? Certainly, renewable energy companies should do well out of this change of government. There could also be a slow re-building of our relationship with China to some extent. Though this will be a difficult journey and will remain respectful at the same time of regional security issues. There could also be a new financial industry of efficiently switching superannuation funds into property? We will see how this policy idea unfolds. For the Australian share market there will be a moment of caution. Given the backdrop of the US stock market already having fallen 20% this year, and the change to a bigger regulation and spending government here, some caution on stock investment is appropriate. It may in fact take a fresh impetus for many investors and funds to overcome this initial hesitation. None would seem to be immediately on the horizon. Though some day traders may see this as a 'sell the rumour, buy the fact' event. Any such immediate rally however, is likely to be short lived. My central economic theme; is that the Australian economy is only just beginning to tip over into a far more challenging period, one made up of stimulus hangover effect, rising inflation, and the economic stewardship of one of the world’s least capable central banks. In fact, what was lacking in the Federal election debate was perhaps the most serious economic challenge confronting us. The Reserve Bank of Australia having created artificially high property prices which ALP policy seeks to redress by allowing superannuation to be allocated to the family home. However, this will only likely exacerbate the property bubble risk now confronting the nation. What is attractive personally, is not always what is best for the nation as a whole. Australia needs higher rate settings in a more thoughtful and fresh approach. Australia needs and deserves a better Reserve Bank. The economy cannot find its way froward effectively without urgent and dramatic review of our central bank. Clifford Bennett ACY Securities Chief Economist. The view expressed within this document are solely that of Clifford Bennett’s and do not represent the views of ACY Securities. All commentary is on the record and may be quoted without further permission required from ACY Securities or Clifford Bennett. This content may have been written by a third party. ACY makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or other information supplied by any third-party. This content is information only, and does not constitute financial, investment or other advice on which you can rely.
- MFP Trading’s Minerva – Turning Hedging into a Profit Centreby ForexLive on May 23, 2022 at 7:48 am
London-based forex execution specialist MFP Trading has launched its game-changing algorithm-fuelled platform, Minerva, offering unparalleled opportunities for prime-of-prime (POP) clients and retail brokers. The platform leverages advanced technology to close the chasm between institutional and its POP clients to offer unprecedented execution set-ups. POP and retail brokers can now utilise Minerva algos to increase profitability on their customers trading flow with the platform’s unique win-win approach replacing the traditional “pay the spread” approach. Bypassing the Dominance of Market Makers Institutions see wider spreads than retail brokers because their flow is more challenging for markets makers to monetize. Minerva allows retail brokers to offer their interest to institutions directly within the spread in essence bypassing the usual market makers. While Minerva is a $250K a year technology, it is now being offered free to all POP and retail brokers. It integrates seamlessly where Liquidity Providers (LPs) would connect in the clients’ connectivity stack. Apart from this highly sophisticated tool, MFP Trading offers detailed and insightful analysis to their clients to identify which side of their business is suitable to use with Minerva. With this unique tool, brokers can gain a significant competitive advantage in a market that has become largely undifferentiated. Brokers can now learn more about this novel tool by attending an exclusive workshop being organised by MFP Trading at iFX EXPO International 2022. See below for more details. How Does Minerva Work? Minerva is an extremely advanced platform, built by experienced quant traders. Clients can feed their hedging rules into the system, and the platform automatically inputs prices at the mid-market onto its institutional ECN framework. MFP ensures that these prices are displayed at the top of each institutional customer aggregator. Trade matches are maximised, as are revenues generated. The product allows clients to trade without paying a spread. Here is an example of how the process takes shape. Situation: Different Spreads for POP and Institutional Clients Spreads are typically wider for large institutional clients than for prime of prime clients. For LPs, it is difficult to monetise institutional flow. Let’s take the GBP/USD forex pair for instance. Large institutional clients typically see spreads of around 2 pips, while the spreads for retail market makers is more like 0.5/08. InstitutionRetail BrokerGBP/USDGBP/USD 1.35 100 1.35 120 1.35 107 1.35 113 The Minerva Solution: Arbitrage in Spreads with the Intermediate Book Suppose the retail broker wants to buy at 1.35113. Minerva puts a limit to buy (or bid) at the mid spread of 1.3511. On MFP Institutional Trading’s platform, the price will be shown at 1.3511 minus a 0.5 markup, which is 1.35105. When this happens, institutions that were previously seeing 1.3510 as the best bid price, will now see 1.35105. They will find this more attractive as a selling price, than the previous bid price. This increases the chances of a match between the buyer and seller. Result: Turning Hedging into a Profit Centre This creates a win-win situation for all parties involved. · Institutions: They will sell the pair at 1.35105 on the platform, getting a better price than the 1.3510 they were seeing before.· Retail Broker: The broker saves on execution costs. It will buy at 1.3511, instead of 1.35113.· MFP Trading: In this case, the company makes 0.5 as a markup fee, which is approximately $50 per million. After covering sales and IT costs, MFP Trading can pay a rebate up to $20 per million to the retail broker, with a 50% profit share. So, compared to the typical “pay the spread” approach, the total savings here is $80 per million. With an average experience of 20+ years in institutional spot FX trading, MFP Trading maximises revenues per client. Rebate pay-outs can be higher than shown in the example, for instance, in emerging market currencies. What Does MFP Bring to Its Clients? Apart from a highly advanced proprietary technology that they offer for free, the company provides free data analysis. The MFP quant team studies clients’ trade data history to suggest which of their flows is more suitable to Minerva’s passive algos. By doing this, the team also gives an estimate of the savings the approach will yield. In addition to maximising the order exposure and increasing matches, Minerva turns the mid-market interest from its users into a last look enabled order. This allows the order to be displayed to all clients and all relevant institutional platforms without risking double hits. Due to its powerful order management system, the technology places orders at the right mid-market level automatically. Further, Minerva will also dynamically adjust the mid-market interest with market movements. This maximises price improvements when market goes the client’s way. All this is done without disrupting the regular workflow of clients. Orders are confirmed to the clients’ OMS/Bridge instantly while Minerva Results are updated in real-time in front of the user in a dedicated UI. Minerva’s trading algos have been created by experienced quant professionals. These algos have been tested multiple times to ensure their reliability. Join the MFP Trading Workshop at iFX EXPO International 2022 Companies interested in learning more about this advanced technology can attend MFP Trading’s workshop at iFX EXPO International 2022, in Cyprus. The world’s biggest B2B fintech expo, iFX EXPO is being held at Palais des Sports, Spyros Kyprianou, Limassol, from June 7 to 9, 2022. Interested individuals can also contact the team for a personalised demo of the platform. The advanced Minerva platform holds many answers to the much-debated aspects of hedging in the trading industry. It could be a path to maximising revenues for retail and institutional brokers, by not giving up all their spreads. Contact MFP Trading to learn more.
- Soaring Inflation Threatens of Deeper Global Crisisby Windsor Brokers on May 20, 2022 at 2:09 pm
After emerging from the deep crisis caused by the coronavirus pandemic, the global economy faces new disastrous scenarios with soaring inflation. After the inflation was anemic for some years, despite numerous attempts of central banks to revive it and push from the zone well below targets, the price growth suddenly exploded in the past few months. Initial inflation rise was described by the US Federal Reserve and other major world central banks as transitory and seen as a temporary phenomenon, primarily caused by the fast growth of the economies in the post-pandemic, which was expected to peak in early 2022 and subsequently start easing. It seems that the central bankers made a wrong estimation, as price growth accelerated beyond all expectations, driven by various factors, which together, pushed inflation to multi-decade or record highs, with no signs of peaking so far. Many economists think that surging inflation did not appear overnight, but it was a result of the longer-term process, pointing to an enormous printing of money that was pumped into economies during the pandemic slow-down, to keep them afloat and to maintain ultra-low interest rates. This points to one of the definitions of inflation that strong expansion of the total amount which circulates in the economy leads to higher inflation. In addition, the war in Ukraine caused a chain reaction in lifting energy and commodity prices, following the decision of the Western world to reduce and eventually ban imports of crude oil, natural gas, coal and a number of other raw materials. Threats that European Union’s economy, heavily dependent on the Russian energy, with already significantly slowed activity, may face catastrophic consequences if imports from Russia stop, triggered the domino effect that spilled over the western economies but also caused the global economic destabilization. Significantly higher prices of energy and raw materials caused a rise in prices of final products that contributed to the second cause of rising inflation – cost-push inflation, while the strong rise in prices, accompanied by persisting supply disruptions, resulted in the shortage of products that pushed their prices higher and pointed to the third cause of strong prices growth – demand-pull inflation. The enormous rise in prices of natural gas from around $400 a year ago to over $3000 in March and currently standing at around $1000, with expectations that gas price could surge to $3500 per one thousand cubic meters in the winter, poses a serious threat to the developed economies, such as European Union and the United Kingdom. At the same time, crude oil prices rose above $100 per barrel, after dropping to the zero level during the pandemic, although the global supply is still stable and without disruptions. This sparked a rise in food prices, electricity and many other essential items that contributed to the enormous increase in the cost of living, further pressuring the households and the businesses. Current inflation in the United States is 8.3%, just below the 40-year high at 8.5%, hit in March, raising hopes that inflation in the US may have peaked, however, the economists are not too much optimistic as so-called core inflation, closely watched by the US central bank and used as a gauge for the real inflation, rose last month, adding to expectations that the Fed may opt for a more aggressive approach in the next policy meeting in June. The US central bank already raised interest rates twice, starting with 0.25% increase in March and 0.5% in May and signaled multiple rate hikes by 50 basis points in coming months, confirming their commitment to restoring the price stability, while President Biden also said that fighting high inflation will be his top domestic priority. Inflation in Great Britain rose to 9% in April, the highest in four decades, driven mainly by soaring energy prices. British inflation, currently the highest in Europe’s five largest economies, but also in the Group of Seven countries, further hurt the already high cost of living, which is in the deepest crisis since 1950’. Soaring inflation put UK households and the economy under increased pressure, with current help from the government, being so far insufficient to significantly improve the situation. The outlook remains pessimistic, as the Bank of England forecasted the inflation to hit 10%, while economists see an increased risk of further rise in the current worsening geopolitical and economic situation. The BoE already raised rates four times since December, in the fastest rate raise in 25 years and brought its benchmark interest rate to 1%, the highest since 2009. The central bank aims to bring soaring inflation under control by strong tightening of its monetary policy. European union’s inflation hit a record high at 7.5% last month, lifted by surging energy and food prices, prompting the policymakers to act faster. The European central bank said it will end its bond purchases likely in July and signaled it may start raising interest rates in the third quarter, as the ECB still keeps zero-rate, established during the pandemic crisis. Economists expect 3-4 hikes this year, hoping that policy tightening would bring raging inflation which is currently nearly four times above the central bank’s target, under control. Worsened economic situation due to soaring inflation, poses a strong threat that many developed economies may slide into recession in the coming months, as most of central banks already downgraded their growth forecasts for the rest of 2022 and early 2023.
- US Data and ECB Weigh on Marketsby ForexLive on May 20, 2022 at 11:42 am
Yesterday in New York, should have been the usual bounce back day for stocks? Instead, while there was some attempt, the market settled back toward the previous day’s lows. This is a somewhat precarious situation and encourages our view that the 'day and technical traders' were caught enthusiastically long. While the real money funds were very happy to take advantage of the liquidity provided and continue to sell down their portfolios. It is a bear market. Has been all year. US data was worrying in that Existing Home Sales fell another 2.4%, and New Jobless Claims leapt to 218,000. This remains a low and good number, but it did exhibit a bit of a break to the upside which could again indicate the tide is most definitely turning down for the US economy. The ECB wants to move toward tightening, or so the ’talk’ goes, but it is just way too late for the ECB who was focussed on being popular, and is just now starting to chase the inflation wave that has already inundated the region. This will provide a moment of support for the Euro, but a bit of a 'snowflake in summer’ rally, really. ECB rates will fall further behind US levels, even if the ECB starts to raise. Additionally, there is that small thing of war on the doorstep and energy supply concerns recession likelihood. This content may have been written by a third party. ACY makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or other information supplied by any third-party. This content is information only, and does not constitute financial, investment or other advice on which you can rely. This article was written by Clifford Bennett, Chief Economist at ACY Securities.
- Key Trading Levels to Watch on May 20by ForexLive on May 20, 2022 at 11:20 am
Overview: Watch the video for the key trading levels for AUDJPY, AUDUSD, EURJPY, EURUSD, GBPJPY, GBPUSD, NZDJPY, NZDUSD, USDCAD, USDJPY, USD Index, and S&P 500. Key Trading Levels - AUDJPY, AUDUSD, EURJPY, EURUSD, GBPJPY, GBPUSD, NZDJPY, NZDUSD, USDCAD, USDJPY, USD Index, & S&P 500 from ACY Securities Australia on Vimeo. Read the updated analysis below: · AUDJPY has rallied back to the 90.29 monthly resistance level. · AUDUSD has rallied back to the 0.7030-51 daily resistance area. · EURJPY has rallied back to the 135.51 daily resistance level after finding support at the 134.14 monthly support level. · EURUSD has advanced and tested the 1.0600 level. · GBPJPY has rallied back to the 159.61 daily resistance level after finding support at the 158.21 monthly support level. · GBPUSD has rallied and retested the 1.2500 level. · NZDJPY has reversed at the 82.49 monthly resistance level and is now targeting 79.44 last week’s low. · NZDUSD has rallied back to the 0.6380 weekly resistance level. · USDCAD continues to find support at the 1.2800 level. · USDJPY has declined down to the 127.51 daily support level. · USD Index has closed back below the 103.81 monthly resistance level. · S&P 500 has declined down to test last week’s low. This content may have been written by a third party. ACY makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or other information supplied by any third-party. This content is information only, and does not constitute financial, investment or other advice on which you can rely.This article was written by Duncan Cooper – ACY Securities Senior Market Strategist & Trading Mentor.
- USD/JPY Volatility Heats Up, Dollar Index Tumblesby ForexLive on May 20, 2022 at 10:50 am
Just another day for you and me in paradise, umm, FX land. Bid-offer spreads in early Sydney widened as FX volatility extended, picking up where it left off yesterday. At the close of trade, US bond yields eased while stocks erased losses. It was another day of risk-on, risk-off with the ongoing debate between inflation and recession dominating sentiment. US economic data released yesterday mostly missed expectations. Weekly Unemployment Claims climbed to 218,000 against estimates at 200,000 while the Philadelphia Fed Manufacturing PMI missed forecasts, dropping to 2.6 from a previous 17.6, and lower than estimates at 14.9. The Swiss Franc performed best in this environment. The USD/CHF pair tumbled 1.6% to 0.9720 from 0.9863. New Zealand’s Kiwi (NZD/USD) soared 1.37% against the US Dollar to 0.6380 from 0.6300 yesterday, finishing as second-best performing FX. The Dollar Index, which measures the value of the Greenback against a basket of 6 major currencies, tumbled 0.9% to 102.87 (103.64 yesterday), extending its pullback from a 20-year high (105.01), seen a week ago. The Australian Dollar (AUD/USD) jumped 1.27% to close above the 0.70 cent mark at 0.7050 (0.6968). Elsewhere, broad-based US Dollar selling pushed the Euro (EUR/USD) to 1.0585 from 1.0485, up 1.03%. Sterling (GBP/USD) rebounded from yesterday’s open at 1.2358 to 1.2465. Against the Japanese Yen, the US Dollar dipped to 127.80 (128.32) in classic roller coaster trading. The Greenback was also lower against the Asian and Emerging Market currencies. USD/CNH (US Dollar-Offshore Chinese Yuan) slumped to 6.7300 from 6.7775 while the USD/SGD pair (US Dollar-Singapore Dollar) fell to 1.3805 (1.3895). Global bond yields were mostly lower. The benchmark US 10-year treasury yield settled at 2.84% from 2.88%. Germany’s 10-year Bund yield dropped to 0.94% (1.02%). The UK 10-year Gilt rate was unchanged at 1.86%. Australia’s 10-year treasury yield however rose to 3.38% from 3.35%. Wall Street stocks finished with modest losses after a choppy, see-saw session. The DOW closed at 31,248 (31,362) while the S&P 500 was last at 3,902 (3,906). Other economic data released yesterday saw Australia’s April Employment report gain 4,000 jobs which missed expectations for an increase off 30,000. Australia’s Unemployment Rate fell to 3.9% from 4.0%. US April Existing Home Sales dipped to 5.61 million against expectations of 5.65 million. The US Conference Board Leading Index dipped to -0.3% from a downward revised 0.1% (from 0.3%), and lower than median estimates of 0.0%. EUR/USD – The Euro survived a test of 1.0432 it’s low earlier this week, finishing at 1.0585 (1.0485 open yesterday). Overnight low traded was at 1.0465 in another volatile session amidst mixed risk sentiment. The shared currency rallied to an overnight and near 3-week high at 1.0607 before easing at the close. NZD/USD – The Kiwi, also known as a flightless bird, found its wings yesterday, soaring 1.37% to 0.6380 at the New York close (0.6300). Overnight high traded for the NZD/USD pair was at 0.6417. The Kiwi was sold to a low at 0.6292 before it found its wings. AUD/USD – Against the broadly based weaker US Dollar, the Aussie Battler jumped 1.27% to finish at 0.7050 against yesterday’s 0.6968. Overnight, the AUD/USD pair rallied to a high at 0.7072 while the overnight low traded was 0.6953 in a choppy session. GBP/USD – Sterling also benefitted from the overall US Dollar weakness, rallying 0.96% to 1.2465 from 1.2358 yesterday. The British currency was initially pounded lower to 1.2338 overnight low before rebounding to its New York close. In its own volatile session, the overnight high hit was at 1.2524. On the Lookout: Welcome to Friday after a volatile session in all markets. Today’s economic data calendar kicked off earlier with New Zealand’s Trade Balance climbing to a Surplus of +NZD 584 million, bettering economist’s expectations of a Deficit of -NZD 350 million. However, the previous deficit of -NZD 392 million was revised to a larger deficit of -NZD 581 million. The Kiwi (NZD/USD) climbed modestly to 0.6385 from its opening of 0.6380. Japan followed with its National Core CPI which rose to 2.1%, matching median estimates of a 2.1% rise and higher than a previous 0.8%. Japan’s Annual Headline Inflation Rate for April rose to 2.5% from March’s 1.2% - ACY Finlogix. The UK released its GFK May Consumer Confidence Index which fell to -40 from a previous -38, lower than forecasts at -39. New Zealand releases its April Credit Card Spending data (y/y no f/c, previous was 3.4%). The G7 Finance Ministers and Central Bank Governors conclude their 3-day meeting in Germany. European data kicks off with Germany’s April PPI (m/m f/c 1.4% from 4.9%; y/y f/c 31.5% from 30.9% - ACY Finlogix). The Eurozone also releases its May Flash Consumer Confidence (f/c -21.5 from -22 – ACY Finlogix). The UK follows with its April Retail Sales report (m/m f/c -0.2% from -1.4%; y/y f/c -7.2% from 0.9%). Switzerland releases its Industrial Production (y/y no f/c, previous was 7.3%). Canada kicks off North American data with its March ADP Employment for March (no f/c, previous was 475,000). Over the weekend Australia holds its Parliamentary elections. Trading Perspective: Expect another volatile session as we come to an end of this week. Amidst central bank talk of higher interest rates ahead, risk sentiment remains shaky. Which will provide support for the US Dollar and prevent further gains for its rivals. Equities will edge back down. After tumbling to 102.87, expect the Dollar Index (DXY) to hold current levels and resume its rally. Speculative long Dollar bets have pared their positions which provides added support for the US currency. On the fundamental side, a recession in the US will lead to a global economic downturn. The one certainty that remains is elevated volatility. Prepare for another roller coaster ride so keep those tin helmets on. EUR/USD – it was inevitable for the shared currency to bounce off its lows after too many calls for parity. While that is still a possibility, we can expect consolidation now between 1.04 and 1.07 first up. The Euro closed at 1.0585. Immediate resistance today lies at 1.0610 (overnight high traded was 1.0607). The next resistance level is found at 1.0640, 1.0670 and 1.0700. Immediate support is found at 1.0550, 1.0520 and 1.0490. Look for another choppy session today with a likely range of 1.0480-1.0620. Preference is to sell into Euro strength. AUD/USD – The Battler jumped like a wounded kangaroo to finish at 0.7050 from yesterday’s open at 0.6968. Overnight, the Australian Dollar traded to a high at 0.7072. Immediate resistance today lies at 0.7080 followed by 0.7110. Immediate support can be found at 0.7010, 0.6980 and 0.6950. Look for another choppy one in this puppy today, likely range 0.6970-0.7070. Prefer to sell rallies. The Aussie still has room to head further south. USD/JPY – against the Japanese Yen, the Greenback dipped to 127.80 from 128.32 yesterday. Risk-off sentiment amidst lower US bond yields weighed on the USD/JPY pair. Overnight low traded was at 127.02 while the high recorded was at 128.94. Volatility in this currency pair has rocketed back to the old days. Often, the best traders in the room handled the Dollar Yen. Immediate resistance lies at 128.10, 128.40 and 128.70. On the downside, immediate support can be found at 127.50, 127.20 and 126.90. Look for further volatility in this currency pair, likely range 127.30-128.80. Am neutral here, just trade the range shag. (Source: Finlogix.com) GBP/USD – After getting a pounding earlier in the week, Sterling rebounded to finish at 1.2465 from 1.2358 yesterday. For today, immediate resistance lies at 1.2490 and 1.2520. On the downside, immediate support is found at 1.2430, 1.2400 and 1.2370. We can expect a choppy ride in this currency pair as well, likely between 1.2400-1.2500 first up. Preference is to sell into GBP/USD strength. It's been a tough and tumble week, happy trading, and a top Friday all. This content may have been written by a third party. ACY makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or other information supplied by any third-party. This content is information only, and does not constitute financial, investment or other advice on which you can rely.This article was written by Michael Moran, ACY Senior Currency Strategist at ACY Securities.
- Key Trading Levels to Watch for Todayby ForexLive on May 19, 2022 at 11:50 am
Read the updated analysis below: · AUDJPY has reversed at the 90.29-71 monthly resistance area and is now targeting 87.28 last week’s low. · AUDUSD has reversed at the 0.7030 daily resistance level and is now targeting the 0.6826 monthly support level. · EURJPY has reversed at the 136.49 daily resistance level and is now targeting 132.65 last week’s low. · EURUSD has closed back below the 1.0522 monthly resistance level. · GBPJPY has closed back below the 158.21 monthly support level and is now targeting 155.59 last week’s low. · GBPUSD has failed to hold Tuesday’s gains closing back below the 1.2411 daily resistance level. · NZDJPY has reversed at the 82.49 monthly resistance level and is now targeting 79.44 last week’s low. · NZDUSD has reversed at the 0.6380 weekly resistance level and is now targeting the 0.6204 monthly support level. · USDCAD has declined down to the 1.2800 level and found support. · USDJPY has formed a lower top at the 129.40 daily resistance level. · USD Index has closed back above the 103.81 monthly resistance level. · S&P 500 has declined strongly down from the 4104 monthly resistance level. This article was written by Duncan Cooper – Senior Market Strategist & Trading Mentor at ACY Securities. This content may have been written by a third party. ACY makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or other information supplied by any third-party. This content is information only, and does not constitute financial, investment or other advice on which you can rely.
- Downhill Protect – It is Just Beginningby ForexLive on May 19, 2022 at 10:19 am
This is exactly why we have been aggressively warning people to hedge and protect their investment portfolios. All year. This is not a short-term aberration that people can walk away from and just assume the market will magically rise back up. The hard truth is that global stock markets are only in the very early stages of pricing in a global economic slow-down that is already in full swing. There is in fact significant risk of a Triple Recession across the northern hemisphere of the world’s three largest economies, Europe, USA and China. China will be the first out of this difficult period, but even there too, subdued growth long term is the new reset normal. Europe will continue to be impacted by war, sanctions and energy concerns. USA will have an inappropriately blindly aggressive central bank focussed only on inflation. Which is bizarre to say the least given it’s previous best efforts to completely ignore rising inflation for the past year. Everywhere, yes, the entire globe will continue to experience both extreme inflation and actual food or energy scarcity over the next 12 months. This, as we have been saying all year, even before the tragedy of Ukraine, is not an environment in which to be buying stocks. This is a long term correction. Not a short term aberration. As such we cannot know if this will be a 6-18 month corrective phase or is in fact something far more significant akin to a 3-6 year decline in asset prices generally. When hedging investment portfolios is so easy these days, why take that degree of risk. I continue to suggest playing defence in the current global economic and financial market environment. Markets which are likely to remain strong, regardless of gains already seen and recent volatility, are the US dollar, Gold and Oil. The world is full of opportunity as long as investors play good defence now. So as to be in a position of relative power when markets eventually begin a new grand bull cycle. At the moment we are only in the early stages of ending the last grand super cycle 2009 to 2021. Clifford Bennett ACY Securities Chief Economist. The view expressed within this document are solely that of Clifford Bennett’s and do not represent the views of ACY Securities.All commentary is on the record and may be quoted without further permission required from ACY Securities or Clifford Bennett. This content may have been written by a third party. ACY makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or other information supplied by any third-party. This content is information only, and does not constitute financial, investment or other advice on which you can rely.
- US Dollar – Bull Trap or Correction Ahead?by ForexLive on May 18, 2022 at 9:03 am
While FX markets have calmed down somewhat, the Federal Reserve is still on an aggressive rate hike path that could see rates in the U.S. rising above 3% next year. Furthermore, geopolitical tensions remain high, and the conflict between Russia and Ukraine could drag on for a prolonged period of time. From a technical perspective, the U.S. Dollar does appear overbought. Let´s have a look at the Dollar Index (DXY) and its performance since the beginning of the year. The index is up almost 8% year-to-date. The RSI on the weekly chart is signalling overbought conditions, suggesting that the Dollar has already surged to lofty heights. That being said, the recent economic data is supporting faster monetary policy tightening by the Fed, and there are no immediate signs that their hawkishness might be fading in the near-term. While markets are already pricing in rates rising to 2.75% - 3% until year-end, investors are concerned that the central bank will be forced to accelerate tightening. The Greenback is also benefiting from strong demand for safe havens as markets remain in risk-off mode. Geopolitical tensions have spiked to their highest level in a while. Unfortunately, the war in Ukraine may not end that soon, and there are fears that it could spill across borders. The impact of Russia´s invasion of Ukraine is already far-reaching, and an overall rise in geopolitical tensions could put the global economy at risk - just as it was recovering from the scars of the pandemic. What could cause the Dollar rally to stall? Once markets see the Fed´s hawkishness waning, we could see a larger correction in the US Dollar. Since the market is already pricing in an aggressive hiking campaign, it would not take too much to trigger a dovish repricing. A recovery in risk appetite might cause additional headwinds. Equity markets managed to regain some ground recently, although there might be further turbulence ahead. All eyes are on the technology sector where one-time darlings got crushed. Against which currencies could the U.S. Dollar have better chances of outperforming? The Euro has been in a strong downtrend since June 2021. The weakness of the common currency has initially been driven by a dovish and passive ECB. A spike in inflation, the war in Ukraine and bleak growth prospects have created additional pressure. The European Commission recently slashed its economic growth forecast for the euro zone by 1.3 points to only 2.7%. Meanwhile, inflation is expected to remain closer to 7%. While the ECB has turned somewhat hawkish – it may hike rates as early as July this year – it might end up being a case of too little, too late. It could therefore be only a matter of time until EUR/USD hits parity – the next major bear target. The short-term outlook for the British Pound remains mixed at best. The dovish repricing after the most recent Bank of England meeting triggered a significant sell-off. Pound traders have shifted their focus from inflation to the central bank´s dramatic warnings about a significant economic slowdown. GBP/USD has been recovering quite slowly from this. While a breakout above 1.25 might trigger a short squeeze, there is an elevated risk of a bull trap being around the corner. How will the commodity currencies perform? The Australian Dollar has been suffering from a broad risk-off theme and China´s COVID crisis, which sparked concerns about a slowdown of the economic powerhouse. An improvement in risk appetite could give the Aussie Dollar a boost, but weak economic data out of China could continue to cause notable headwinds in the near-term. The Canadian Dollar could have it easier in the short-term. The surge in oil prices have kept the currency supported, and there is scope for the Bank of Canada hiking rates more aggressively over the coming months. Stay ahead of the markets and trade your edge with Axi. Disclaimer: The information is not to be construed as a recommendation; or an offer to buy or sell; or the solicitation of an offer to buy or sell any security, financial product, or instrument; or to participate in any trading strategy. Readers should seek their own advice. Reproduction or redistribution of this information is not permitted.
- XPro Markets – How has the Russia-Ukraine Crisis Impacted your Investments?by ForexLive on May 17, 2022 at 9:59 am
The devastating events of the past few months have put the financial markets in a tight spot with tremendous global effects. As a trader, you have probably witnessed the impact of these events when it comes to your daily investments. Almost every asset class of the markets have endured shockwaves, making traders unsure of their next move. While we cannot possibly predict the final outcome of this global crisis, our team at XPro Markets has looked back and made some fundamental conclusions to help you gain a better understanding of what is happening. So, let’s take a look at some of the most noticeable changes in the markets. The focus of attention Since the mid-1950s, oil has been the world's most important source of energy. As of 2014, oil and gas accounted for over 60% of Russia's exports and over 30% of the country's GDP. The rising tensions between Russia and Ukraine have spiked oil and gas to new record highs. Among the assets most heavily influenced is Brent Crude Oil, after it shattered through the $100/barrel threshold in March. The sanctions imposed on Russia and avoidance of Russian oil by buyers have already led to a drop in output, raising concerns about further losses in the future. However, recent updates regarding the new lockdowns in China have sparked fears about declining demand for oil from China, the world’s biggest crude importer. This influenced Crude Oil, making it drop below 100$. A safe-haven surge Due to the uncertainty of these challenging events, people are seeking to trust their funds in safe-havens, such as precious metals, Gold, and Silver. Despite their high volatility, these assets still appear to be among the most popular options for traders. As a traditional safe-haven asset, gold has historically provided protection during severe equity market declines and financial turmoil. Consequently, traders tend to turn their backs on riskier asset classes such as stocks and cryptos. Inflation on the rise Inflation refers to the gradual increase in the prices of goods and services over time. This essentially means that a dollar bill cannot buy you as much as it did in the past. What causes inflation usually has to do with increased consumer demand or increases in production costs. The Consumer Price Index (CPI), which tracks data on 80,000 products such as food, energy, medical care, and fuel, is one of the most closely monitored factors of inflation in the US. Russian and Ukrainian exports account for about 20% of the world's corn and 25% of the world's wheat, which is driving up prices for a number of agricultural commodities. Therefore, the conflict in Eastern Europe could enhance the market's current preferences, including a preference for value names over growth stocks. What can you do? As you already know, online trading always comes alongside the risk of losing. Due to the constantly fluctuating prices, you can never be certain of your trading decisions. Especially during a global crisis like the current Russia-Ukraine conflict, it is essential for traders and investors to keep up to date with every economic event that could affect their investments. For this reason, prioritize your market updates and trading knowledge with XPro Markets’ educational tools and resources.
- Final Call! The Ultimate Fintech Awards 2022 Are Within Reachby ForexLive on May 17, 2022 at 7:45 am
We have reached the final stage of the nomination process of the Ultimate Fintech Awards 2022. The time has come to cast your choice. There is less than one week to go before the deadline, and nominations are coming in thick and fast. In other words, it’s now or never! Ceremony Overview The awards show revolves around the biggest names in fintech and online trading, including both B2B & B2C companies. The organizers of this prestigious ceremony are Ultimate Fintech, the marketing agency responsible for producing the one and only iFX EXPO. They have set the stage for a night to remember, to be attended by the crème de la crème of the industry. Winning Isn’t Everything (Or is it?) The goal of the Ultimate Fintech Awards is more than just being a fancy ceremony. The online trading and fintech environments are vastly expanding and developing on a yearly basis and so Ultimate Fintech feel that it’s crucial to recognize not just the best in their respective domains, but also the up-and-comers putting in the work on a daily basis. If you win an Ultimate Fintech Award, you’re not just earning your brand an extra badge to put on your website. You’re exposing your organization to international communities who trust the judgement or their peers and the industry at large. You’re earning praise and approval from people who know exactly how hard you work. Award Categories There are three different awards categories. Broker Awards Compete for a prestigious winning title! This category recognizes the best brokers on a global scale and features awards such as Broker of the Year, Best Market Maker, as well as the Best Trading Platform. Regional Broker Awards These awards are broken down by region and country including Asia, Europe, the Middle East, and Australia/New Zealand to name a few. Awards that can be won include Most Trusted Broker Asia, Best IB Programme Europe, Most Transparent Broker LATAM, and Best Customer Support UK. B2B Awards Looking for recognition in an ever-so competitive market? Reward your hard work with a B2B nomination! Award titles include the Best Payment Service Provider, the Best CFDs White Label Solution, as well as the Best Emerging Fintech Startup award and many more. Key Dates May 23: Nominations Close May 25 – June 1: Voting Round June 9: Winners announced at Awards Ceremony held on the final evening of the iFX EXPO International Nominations and Voting Process Applicants have to register and fill out the nomination application form once they login. There will be a public voting system hosted on the website during the voting round as well. Time is of the essence. The buildup is almost coming to a close, this is the final call to cast your nominations and earn your place as an official Ultimate Fintech Award Winner. So, will you be there? Nominate your brand now!
- Bitcoin’s short-term upward channelby FxPro FXPro on May 17, 2022 at 7:37 am
On Monday, Bitcoin was down 3.6%, ending the day around $29.9, but is trading back above $30K on Tuesday morning. Ethereum has little changed over the past 24 hours (-0.4%), remaining near $2000. Other altcoins from the top 10 changed in price from -2.7% (Polkadot) to 1.2% (Solana). Total crypto market capitalisation, according to CoinMarketCap, rose 0.1% overnight to $1.30 trillion. Bitcoin’s dominance index fell 0.1 points to 44.3%. The Cryptocurrency Fear and Greed Index was down 6 points to 8 by Tuesday, hitting its lowest level since August 2019. Technically, the crypto market on Monday followed the cautious sentiment of the stock market. We note that after hitting lows on May 12th, a short-term upward channel is forming in BTCUSD with increasingly higher local lows and local highs. Such dynamics of the flagship crypto resemble the work of traders of institutional managers, who moderately “buy the fear” or fix the profit from the short positions. So far, there is little reason to argue that a prolonged rise will follow the current buying, as the fundamentals (tightening markets, slowing economy) remain in place. According to CryptoQuant, institutional investors continue to buy BTC through market makers despite the decline in the crypto market. Sam Bankman-Fried, CEO of cryptocurrency exchange FTX, believes bitcoin has no future as a payment network because of its low scalability and negative impact on the environment. There is a need for an alternative blockchain-based Proof-of-Stake (PoS) protocol for payments. IMF managing director Kristalina Georgieva called for a new public infrastructure for payment systems, including digital currencies. Do Kwon, founder of the Terra ecosystem, presented a new plan to rehabilitate the project. On May 18th, the developer intends to present Terraform Labs team with a new management system for the Terra fork, decoupling it from the TerraUSD (UST) stable coin. This article was written by FxPro’s Senior Market Analyst Alex Kuptsikevich.
- Kwakol Markets Enters New Zealand with Kwakol Fundsby ForexLive on May 16, 2022 at 8:20 am
In the latest step to achieve its vision of establishing a global presence, multi-asset online broker Kwakol Markets has launched Kwakol Funds Ltd. in New Zealand. Incorporated under the 1993 Companies Act, in March 2022, Kwakol Funds will host institutional clients trading through PAMM accounts, while offering the Kwakol Invest platform for retail traders. The Kwakol Funds app went live on May 1, 2022, and can be downloaded from the Apple App Store, and Google Play Store. With this launch, Kwakol Markets also takes another step in fulfilling its commitment to providing institutional and retail investors exceptional investment opportunities, technology, research, and customer services. Kwakol Invest: Trusted Wealth Building Technology for Global Investors Kwakol Markets offers clients unique opportunities to invest in the global financial markets. Kwakol Invest is an investment platform, offering PAMM, MAM, and social trading. Through this platform, clients can participate in different modes of copy trading, including reverse copy. In doing so, retail traders can participate in the markets without any advanced technical skills or trading knowledge. Investors can also manage their risks using a stop-loss limit feature on the Kwakol Invest web app. For the uninitiated, PAMM, or Percentage Allocation Management Module, is a means of financial trading with pooled money. Investors can allocate a certain proportion of their capital across a selection of money managers. Each strategy manager has a distinct investment or trading style and uses their strategies to generate profits for their clients. This is ideal for people who might not have the time to devote to regularly monitoring the markets or for novice traders, who are still learning the markets. Kwakol Funds has 5 different PAMM accounts managed on Kwakol Invest, each boasts an impressive trading performance since inception. These accounts have different investment tenures, capital requirements and asset allocation strategies. Clients can retain total control of their capital, while paying a fee to the money/strategy manager, upon profit generation. Retail and institutional clients looking to become money/strategy manager can open a master account on Kwakol Invest to gain access to all these features. Kwakol Invest is one of the company’s innovative trading services, which helps clients to pursue financial freedom. Traders of all styles and experience levels can benefit from cutting-edge technology, market data, and training to generate wealth sustainably. Exceptional PAMM Account Services Clients can access the 5 PAMM accounts managed by Kwakol Funds with a minimum capital requirement of $1,000 and lowest tenure of 3 months. These packages are Levadura, Marigold, Antipasto, Junzi and Veterano. Clients can choose to put money into these accounts based on their financial goals and investment horizons. For instance, Veterano is a fixed investment package with a 5-year tenure. Clients who wish to accumulate wealth for retirement can choose this package and invest periodically. The fund offers monthly returns post-retirement, which acts as a source of income. Junzi, on the other hand, is for investors with a shorter investment horizon, seeking higher growth. It has a one-year tenure, with a minimum investment of $10,000. The fund allocates over 60% of its capital in stock indices, while 20% each is invested in commodities and currencies. Market Leader in Online Trading Kwakol Markets offers superior trading conditions on the powerful MT4 and MT5 platforms. Clients have access to a broad range of asset classes, including CFDs, forex, stock, indices, commodities and cryptocurrencies. The company has created a niche for itself with ultra-fast execution, competitive spreads and leverage, and access to automated trading and copy trading. There are 6 types of trading accounts to choose from, including an ECN account, Islamic account and VIP account. With a minimum deposit of $1, traders can start their journey in the global financial markets. Kwakol Markets offers demo accounts for inexperienced traders to familiarise themselves with market dynamics. Deposits and withdrawals can be done seamlessly through tie-ups with multiple payment services providers. In pursuit of its vision to establish a global presence, Kwakol Markets has already obtained licenses in multiple jurisdictions, including Australia, Canada and the US. In each jurisdiction, client funds are segregated in top-tier bank accounts. The company also offers negative balance protection. Kwakol Markets promises the most advanced technologies to help clients succeed. Apart from exceptional trading platforms, traders can access news sentiment analysis, offered by Acuity Trading. Turning global infobesity into an advantage for traders, Acuity uses sophisticated AI/ML technology to sift through millions of news articles, research reports, economic data, and more. The mood of the market is quantified for traders and represented in easy-to-read visual format for informed decision making. Kwakol Markets has also integrated Autochartist tools in its trading platforms, which help to highlight multiple trading opportunities by scanning the markets continuously. Clients can receive alerts and notifications, so that they never miss out on market opportunities. Real-Time News and Insights from Kwakol Academy With the aim to support long-term success for its clients, Kwakol Markets is invested in providing high-quality trading education. Numerous financial courses, eBooks, real-time news stories, and more can be accessed at Kwakol Academy. All educational resources are prepared by industry experts to help clients gain an edge in the financial markets. The company boasts a strong leadership tier and a cohesive team of young and talented individuals to provide a secure and superior trading environment to clients. Kwakol Markets has also made a name for itself with its strong customer services team and dedicated account managers to guide clients at every step of the way in their trading journey. With the launch of Kwakol Funds Ltd. in New Zealand, the company adds yet another region to its rapidly growing customer base.