Sergey Kamenshikov, Ph.D.
IFC Markets
Summary
In this webinar we try to dispel a myth, intentionally created by some FX brokers to attract clients. The author expresses official opinion, formed when working in FX industry. We refer to companies, making deals on their behalf but positioning themselves as clearing agents. We express a number of practical methods that allow you to examine critically broker's activity and will probably let you dispel the myth yourself. Technological and legal approaches are used to show that pure DMA model is practically impossible for FX retail brokers.Latest Live Videos
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GBP/USD appears bid around 1.3370
GBP/USD reverses part of its recent multi-day decline, gathering some balance and managing to reach the 1.3400 region, where some initial resistance seems to have turned up. Cable’s uptick comes in response to some loss of momentum in the Greenback despite the geopolitical scenario remaining fragile.
Gold recovers modestly despite intensifying Middle East crisis
Gold keeps its daily gains well in place, although a break above the $5,200 mark per troy ounce still remains elusive on Wednesday. The yellow metal’s rebound comes in response to the persistent flight-to-safety amid intense geopolitical tensions in the Middle East and the bearish performance of the US Dollar.
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Here is what you need to know on Wednesday, March 4:
The US Dollar enters a consolidation phase early Wednesday after outperforming its rivals for two consecutive days. The US economic calendar will feature ADP Employment Change data for February and the Institue for Supply Management will publish the February Services Purchasing Managers' Index data.