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
Editors’ Picks
EUR/USD breaks below 1.1800, two-week lows
EUR/USD’s selling pressure is gathering pace now, breaching below the key 1.1800 yardstick to hit new two-week troughs on Wednesday. The pair’s pullback comes on the back of marked gains in the US Dollar following US data releases and ahead of the publication of the FOMC Minutes.
GBP/USD reaches multi-day lows near 1.3500
GBP/USD reverses its initial upside momentum and is now adding to previous declines, approaching the 1.3500 region on Wednesday. Cable’s downtick comes on the back of decent gains in the Greenback and easing UK inflation figures, which seem to have reinforced the case for a BoE rate cut in March.
Gold battle to regain $5,000 continues
Gold is back on the front foot on Wednesday, shaking off part of the early week softness and challenging two-day highs near the $5,000 mark per troy ounce. The move comes ahead of the FOMC Minutes and is unfolding despite an intense rebound in the US Dollar.
Fed Minutes to shed light on January hold decision amid hawkish rate outlook
The Minutes of the Fed’s January 27-28 monetary policy meeting will be published today. Details of discussions on the decision to leave the policy rate unchanged will be scrutinized by investors.
Mixed UK inflation data no gamechanger for the Bank of England
Food inflation plunged in January, but service sector price pressure is proving stickier. We continue to expect Bank of England rate cuts in March and June. The latest UK inflation read is a mixed bag for the Bank of England, but we doubt it drastically changes the odds of a March rate cut.
Here is what you need to know on Wednesday, February 18:
Investors assess the Reserve Bank of New Zealand's policy decisions and January inflation data from the UK in the European morning on Wednesday. In the second half of the day, Durable Goods Orders, Housing Starts and Building Permits data for December will be featured in the US economic calendar, alongside January Industrial Production figures. Later in the American session, the Federal Reserve will publish the minutes of the January policy meeting.