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Mila Radivojevic

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  1. Hello Mark, Traders closely follow the major news because of their ability to move the market. The news can be easily monitored using an economic calendar. Depending on the circumstances and trader’s preferences, major news can be traded before, during or after their announcement. Traders who prefer less volatile market conditions and who are unwilling to take high risks usually trade major news before their announcement, attempting to make a profit by trading ranges or trading with the trend. On the contrary, some investors like to trade during the news release, when the market is the most volatile. While it can turn out very profitable, this strategy requires a well-developed strategy as well as great risk management. Finally, trading the news after the release is also a good strategy as the market often gives indications on its future movements through price action.
  2. Mila Radivojevic

    Is CFD Illegal?

    Hello John, thanks for asking the question. Contracts for Difference (CFDs) are illegal in several countries, most notably in the United States. First of all, CFDs are not permitted in the States because they go against the US securities law. Over the counter financial tools, like CFDs, are highly regulated through laws such as the Dodd-Frank Act and imposed by the SEC (Securities and Exchange Commission). Under Title VII of the Dodd-Frank Act, CFDs were characterized as a swap or securities-based swap, unless otherwise excluded. It is not likely that CFDs will be allowed in the United States any time soon. However, CFDs are currently available in OTC in other major countries including the United Kingdom, France, Spain, Germany, Switzerland, Australia and more.
  3. Hello Fernando, The Japanese Yen benefited from the rising tensions between the United States and China. The Japanese currency reached a one-month high while the euro experienced a slowdown as traders observed the flash Purchasing Managers’ Index (PMI) hit a 25-month high. Euro remained unchanged, and while the USD didn’t look much appealing recently, the Japanese yen took the opportunity and advanced. According to latest data, the JPY jumped 0.6% to 106.25 JPY=EBS, its highest mark since June 23, after the Chinese government ordered to shut down the U.S. consulate in Chengdu, after Washington closed the Chinese consulate in Houston. “The yen has benefitted more broadly overnight by more evidence of rising geopolitical tensions between China and the West. It has been reported that China has ordered the US to close its consulate in the southwestern city of Chengdu in retaliation for the US decision to close the Chinese consulate in Houston.”
  4. Hello Peter, thanks for asking the question. Bitcoin (BTC) is currently trading near the $9,500 mark as the bulls get ready before attacking the $10,000, the essential short-term mark. Latest data shows that institutional demand for BTC is increasing, particularly Grayscale’s $1.4-billion inflow in the first half of 2020. The institutional demand for the world’s number one cryptocurrency has been on the rise since the start of this year but in the second quarter, the demand saw a much sharper rise. The cryptocurrency investment fund, Grayscale, recorded an inflow of $1.4 billion in the capital. The demand for Bitcoin surged significantly from March through June on a global scale. Market volatility in that period was very high. If what we’re currently seeing is a pullback, the second leg could easily push BTC to $10,000.
  5. Mila Radivojevic

    Ripple

    Hi, Ripple (XRP) has been trading under pressure in recent days, with the coin hovering around 0.2050, down 2%. Price of XRP climbed this week following the U.S. Office of the Comptroller of the Currency (OCC)’s publication of a letter that will modify the policy of secure custody services for cryptocurrencies. The letter was published on July 22, and from now on, all licensed banks in the United States will be able to offer custodial services for cryptocurrencies. Before this, banks that wished to provide such services had to obtain a license. This is huge news for Bitcoin, Ethereum and Ripple in terms of crypto adoption. The letter was written by Jonathan Gould, Senior Deputy Comptroller and Senior Counsel. Gould wrote that all licensed banks in the country are now permitted to hold and control the cryptographic keys for wallets for its clients. “The OCC recognizes that, as the financial markets become increasingly technological, there will likely be increasing need for banks and other service providers to leverage new technology and innovative ways to provide traditional services on behalf of customers,” the letter says.
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