Nicolas Shamtanis Bullet Report: Straight to the Point!

By Nicolas Shamtanis, easyMarkets The financial calendar is thin today and the market will be affected mostly by FED member’s speeches after Friday’s very important NFP report which rose 156k in December versus 204k in November. Notable improvement is the rise in average wage earnings which is at the strongest level since 2009. What this […]

MetaTrader 4's market share, good, bad or irrelevant?

By Nicolas Shamtanis, easyMarkets

The financial calendar is thin today and the market will be affected mostly by FED member’s speeches after Friday’s very important NFP report which rose 156k in December versus 204k in November.

Notable improvement is the rise in average wage earnings which is at the strongest level since 2009. What this means is that if workers earn more money, then inflation is likely to rise in the future as these workers will have more money to spend on goods and services. A spike in prices (inflation) gives ground to the FED or any other Central Bank to raise interest rates which should strengthen the Dollar further.

In the UK, weekend comments by the PM Theresa May, weighed on the Sterling.

Currencies:

The Dollar ended the week on a strong foot, after the release of the details from Friday’s NFP Report. As mentioned, the pickup in wages is an important factor why traders bought the USD after the release, as the inflationary expectations that rise from wage growth, give support to the FED raising rates in 2017 numerous times (At least 2).

 

On the other hand, GBPUSD opened the week on a very weak note, by comments from UK PM as she emphasized in a televised interview that Brexit is about “getting the right relationship, not about keeping bits of membership.” And she noted that the right relationship is about being “have control of our borders, control of our laws” while having the “best possible deal” for trading with EU.

The comments indicated that control of immigration and law prevail access to the single markets. GBPUSD dropped as low as 1.2169 today from 1.2430 highest level on Friday.

Stocks:

U.S. stocks ended at record highs, fueled by optimism over Trump’s plans to stimulate the economy with lower taxes and increased infrastructure spending. Both the Nasdaq and the S&P 500 ended at record highs. European equities opened the week on a mixed start with UK +0.30%, the DAX -0.23% and CAC -0.2%.

Oil and Gold:

Oil prices edged lower, thanks to a stronger dollar and growing concern whether OPEC producers would stick to an agreement to cut output. Brent crude futures were down 0.3% in early trade.

Gold prices fell on Friday, retreating from the previous sessions one-month highs as the dollar strengthened against a currency basket after U.S. jobs data showed a slowdown in hiring in December but a pickup in wage growth. The price has stabilized now around $1175 per ounce.

Read this next

Digital Assets

US court greenlights IRS to track down crypto investors

A federal court has authorized the US Internal Revenue Service (IRS) to issue a so-called John Doe summons for taxpayers who may have failed to report and pay taxes on cryptocurrency transactions. 

Executive Moves

GCEX hires American Express’ veteran Marilu Revelli as marketing director

GCEX, a digital asset and FX technology platform for institutional and professional clients, has appointed Marilu Revelli to the role of Marketing Director.

Crypto Insider

Gate.io lists DeFiChain’s DFI token amid growing popularity

Bitcoin-based DeFi platform DeFiChain announced the listing of its native DFI token on Gate.io, one of the world’s leading cryptocurrency exchanges.

Digital Assets

Binance in discussions with Japan regulators to relaunch operations

Binance, the world’s largest crypto exchange by traded volume, is reportedly seeking a license to operate in Japan after its exit from the country four years ago.

Digital Assets

OKX Chain integrates .crypto domains to simplify wallet transactions

Unstoppable Domains, a company building Blockchain domain names, has entered a partnership with EVM and IBC compatible chain OKC (OKX Chain). This collaboration will grant OKC’s users the ability to simplify deposits and withdrawals within the regulated fiat-focused crypto-asset exchange.

Retail FX, Technology

MetaTrader’s iOS issue opens brokers’ eyes to other trading platforms

In a surprising (or-not-so-surprising) move, Apple has removed MetaTrader 4 and MetaTrader 5 from its App Store in a huge blow for the leading FX trading platform provider.

Retail FX

Pepperstone adds Capitalise.ai analytics and automated trading tools free of charge

“We look forward to bringing significant value to Pepperstone traders and making a real, positive impact in their daily trading habits. We are excited to welcome them on board.”

Retail FX

FP Markets wins Best Global Value Broker for 4th consecutive year at the 2022 Global Forex Awards

“We greatly appreciate the continued international recognition as at FP Markets we pride ourselves on these attributes and these prestigious awards are testament to the hard work from our global team to always provide our clients with the ultimate trading experience.”

Inside View

How to Engage Your Customer at Every Stage of Their Journey

As many as 89% of successful businesses say that providing assistive customer experiences is critical to their growth. That’s because a mere 5% increase in customer retention can boost profits by 25% to 95%.

<