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Harry Clark

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  1. Hi Jane, Two notable types of markets where derivatives are traded are: - Exchange-Traded Derivatives - Over the Counter (OTC) Derivatives ETDs are traded via a central exchange where the prices are visible to the public. On the other hand, trading OTCs derivatives involves two parties (bilateral negotiation) and doesn’t involve exchanges or other third parties. OTC stocks are traded through a dealer network instead of a centralized exchange. These stocks are called “unlisted” where the securities are traded through direct bilateral negotiation. ETDs and OTCs are two different types of markets that reinforce each other and fulfil different clients’ needs. For example, ETDs involve better price transparency as opposed to OTCs. Additionally, exchange-traded derivatives involve lower counterparty risks as all of the trades are being settled on a daily basis with the clearinghouse. On the other side, over the counter markets are more flexible and might be a better choice for investors that place trades that don’t involve high order flow or specific demands.
  2. Harry Clark

    IOTA

    Hi Fernando, thanks for asking the question. IOTA (MIOTA) price has largely recovered over the past few months, after the price decline in March. Following the surge to $0.36 in February, MIOTA plunged to $0.099 by March 16th. After the drop, the coin started recovering, dropping from time to time after it’d reach a major resistance. After struggling with such resistance for a while, the coin finally broke above it recently. MIOTA first reached the $0.25 resistance and quickly fell to the support at $0.24. It stayed there for around three days and neither surged nor dropped. Finally, on July 19th, MIOTA attacked the resistance and broke above it. The coin is now positioned at a critical spot and from now on it will either keep climbing or see a correction.
  3. Hello, AUD/JPY climbed 0.17% to 76.25, prior to Tokyo open on Wednesday. The pair advanced to 76.31, its highest level since June 08. Investors stayed optimistic about the pair, due to positive news about developments regarding the coronavirus vaccine. Due to the positive market sentiment, the pair might manage to extend its latest rally unless we hear negative news regarding the global dislike of China.
  4. Hi Trevor, thanks for joining us here. While coronavirus pandemic hit Bloomin’ Brands’ operations hards in the short term, the amount of its available puts BB in a good position to overcome the crisis. To improve its cash balance, the company issued $202 million in convertible notes on May 6. As of June 11, 2020, Bloomin Brands holds $493 million in liquidity, $128 million of which is cash and $365 million of capacity on the company’s credit line. In the earnings call for first quarter 2020, Bloomin Brands said that its daily cash burn was approximate ~$6 to $8 million per week. During the call, Bloomin Brands said its revenues are down 20% to 25% compared to last year, which means that the company could be already nearing neutral cash flow levels.
  5. Harry Clark

    Uber

    Hi Michael, thanks for being here. At the start of the month, Uber (NYSE: UBER) purchased its long-time rival Postmates for $2.65 billion. The acquisition of Postmates will be a significant boost to Uber’s food delivery business. The ride-hailing company is now the second-largest company in this sector, after DoorDash. The deal will enable Uber to make profits on potential revenue from the food delivery industry which has skyrocketed since the restaurants closed due to the pandemic. Investors think Uber made the right move with the Postmates deal, resulting in rise of Uber’s shares by 6% on the day the deal was announced. Uber tried to buy Grubhub (NYSE: GRUB) at the start of the year but the deal couldn’t be completed. Nonetheless, the Postmates deal will probably bring many long-term wins to Uber.
  6. Harry Clark

    Germany and Dax

    Hello Philip, The German blue-chip stock index dropped 0.60% because of extended European recovery fund discussions. DAX is currently trading at €12,844, down from last week’s high of €12,966. Other European indexes including the CAC 40, FTSE 100, and Stoxx 50 also declined by 0.80%, 0.90%, and 0.75% respectively. DAX index was mostly affected by the disagreements in Europe regarding the €750 billion recovery fund that was proposed two months ago. The disagreements are mostly about the size and structure of the fund. European Commission submitted a proposal in May, suggesting a €750 billion fund to boost the recovery process of the region. The largest part of the fund would be provided to all member states depending on the level of the crisis they’re in. Therefore, EU countries such as Italy, Spain, and France would probably get the largest part of the fund.
  7. Harry Clark

    Theta

    Hi Samir, One of the reasons for Theta’s surge in May could be the rumours of its partnership with Google, which caused a significant increase in interest. At first, the rumours said that Google became one of Theta’s validators. However, soon we found out that Google didn’t buy Theta tokens, but allowed the network to place tokens in a node on the Google Cloud infrastructure. Be that as it may, the network clearly has a future, but maybe not as bright as it looked at the end of May. Hope I’ve managed to help.
  8. Hello Predrag, thanks for joining us here. Overall, Telefonica SA hasn’t had a great year since its shares dropped over 34% this year. The company is looking monetize its infrastructure assets after failing to increase revenue over recent years. According to one of the sources, the company is also considering a merger with a rival tower company. The sources, who requested to stay anonymous, also said that Telefonica has been considering an IPO of Telxius next year. The Madrid-based company tried to list Telxius 2016 but abandoned the plan due to low valuations.
  9. Hi Komu, thanks for asking the question. I suggest you take a look at Altcoin Fantasy. It’s a game that serves as a simulator of the cryptocurrency trading market. Every player gets $100 000 00 virtual USD at the start that they can spend in different contests. It’s realistic and great for newcomers who want to learn about the basics of trading. Another great crypto trading simulator that features a lot of aspects is the CoinMarketGame. Upon registration, you will receive 20,000 virtual USD. This simulator has 4 sections: portfolio, market, leaderboard and profile. Portfolio showcases your trading success, Market is where you can purchase up to 23 digital currencies and see their prices, 24h change and other info.
  10. Hello Ali, China has recently published a higher-than-expected economic growth rate for Q2, making it the first country to recover from coronavirus blows. The economy in China advanced 3.2% in the second quarter, after a record decline in Q1 when the country took a huge hit from the pandemic. Referring to the Chinese economy, Deutsche Bank said in a note that the V-shaped recovery is largely completed, with sectors such as travel, dining and leisure will take some more time to recuperate. "Consumer spending is still below its pre-COVID path, but the remaining gap is largely concentrated in a few sectors - travel, dining, leisure services-- where rapid recovery is unlikely," the bank said.
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