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How Are STP Forex Brokers Different From Market Makers?

Photo: Google Image Market maker brokers are dealing desk companies that absorb client orders and either passes them internally to other clients or take the opposite end of the trade. Market makers or dealing desk brokers do not connect traders to a global liquidity pool or the interbank exchange. T

US stocks slump on the rising coronavirus cases

US stocks fell sharply yesterday as investors remained fixated on the rising number of coronavirus cases in the United States. The Dow Jones declined by more than 600 points while the S&P 500 and Nasdaq 100 declined by more than 2%. The number of new cases in the United States has continued to r

Dollar Index Hits New Multi-Year Low, Set for Deeper Fall in Early 2021

The dollar hit new three-year low against the basket of major currencies on Monday, starting trading in 2021 in red, after registering drop of nearly 6.5% in the year 2020. Covid-19 pandemic that devastated the US economy and ultra-low interest rates deflated the greenback, while rising optimism on

Oil and Gold Start 2020 On Bright Note

Oil awaits OPEC+ A weaker US dollar and more vaccine approvals appear to have inspired oil prices to move higher in Asia, boosted by robust regional manufacturing PMI data. Brent crude has risen 1.15% to USD52.05 a barrel, and WTI has rallied 1.70% to USD49.00 a barrel. OPEC+ meets today to decide o

China's Manufacturing Growth Moderates In December

China's manufacturing sector growth moderated at the end of 2020 as output and new work logged slower expansions, survey results from IHS Markit revealed on Monday. The manufacturing Purchasing Managers' Index fell to 53.0 in December from 54.9 in the previous month. The score was also below economi

Malaysia: Exports forecast to expand around 4% in 2021 – UOB

Malaysian exports are seen expanding around 4% this year, according to Senior Economist Julia Goh and Economist Loke Siew Ting at UOB Group. Key Quotes “Gross exports improved for the third month by 4.3% y/y in Nov (Oct: +0.2% y/y). It came in better than our estimate (-1.0%) and Bloomberg consensus

Thailand: BoT seen on hold in 2021 – UOB

Senior Economist Alvin Liew and Senior FX Strategist Peter Chia at UOB Group reviewed the latest decision by the Bank of Thailand (BoT). Key Quotes “The Bank of Thailand (BOT) as widely expected, kept its one-day repurchase rate unchanged at 0.50% for the fifth consecutive meeting which is also the

EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – January 4th, 2021

EOS EOS rallied by 6.37% on Sunday. Reversing a 0.44% decline from Saturday, EOS ended the week up by 3.43% to $2.8067. A mixed start to the day saw EOS fall to an early morning intraday low $2.5245 before making a move. Know where the Market is headed? Take advantage now with Start Trading75% of re

EUR/USD: Extra gains expected above 1.2309 – UOB

FX Strategists at UOB Group see EUR/USD advancing further if 1.2309 is cleared in the next weeks. Key Quotes 24-hour view: “EUR rose to a high of 1.2309 last Thursday before dropping sharply. The rapid decline amid overbought conditions indicates that 1.2309 is likely a short-term top. That said, th

UPDATE 2-FTSE 100 wraps up worst year since 2008 financial crisis

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window) * Britain tightens COVID-19 restrictions * UK exits EU’s orbit at 2300 GMT * Countrywide surges after accepting buyout offer * FTSE 100 down 1.5%, FTSE 250 off 1.1% (Updates to market close)

(DAILY NOTION): US30, NAS100, and SPX500 Closed Higher, Will This Trend Continue? Next Mover: New Covid-19 cases, U.S. Pandemic Relief Cheques

NASDAQ 100 (as of Dec 31, 2020 at 2.30 p.m.) Source: Yahoo Finance SPX 500 (as of Dec 31, 2020 at 2.30 p.m.) Source: Yahoo Finance US30 (as of Dec 31, 2020 at 2.30 p.m.) Source: Yahoo Finance After a lacklustre result, the three major indices on Wall Street managed to close higher. The US30 moved up

EMERGING MARKETS-Asian currencies set to end pandemic-hit year on strong note

* China state banks seen buying USD to ease yuan rally - traders * Taiwan finds fist case of new coronavirus variant * Sime Darby shares weigh on Malaysian benchmark By Pranav A K and Anushka Trivedi Dec 31 (Reuters) - Asian currencies were on course to finish the pandemic-hit year on a positive not

Hedge fund Alden Global seeks to buy Tribune Publishing -WSJ

(Reuters) - U.S. hedge fund Alden Global Capital is planning to buy newspaper chain Tribune Publishing Co, the Wall Street Journal reported on.wsj.com/2L2JAYV on Wednesday, citing people familiar with the matter. Alden Global, which is already Tribune’s largest shareholder with a 32% stake, could di

European stocks end lower as risk rally winds down

(Reuters) -European stocks ended a five-day winning streak on Wednesday as investors locked in recent gains, although positive vaccine and Brexit trends pointed to a stronger 2021 for regional markets. Slideshow ( 2 images )The pan-European STOXX 600 edged 0.3% lower, still staying close to a 10-mon

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