Archive for Forex and Currency News – Page 342

18 Nov

Mid-week technical outlook: GBPUSD recovery extends beyond 1.3250

By Lukman Otunuga, Research Analyst, ForexTime

Hopes for a successful post-Brexit trade deal has boosted the British Pound against the Dollar and most G10 currencies this week.

Buying sentiment towards Sterling received a solid boost on Tuesday following reports that the U.K and European Union could find a middle ground on future trading and security relationship as early as next week. Earlier today we covered the fundamentals behind such a key development, now our focus turns to the technicals and potential trading setups on the GBPUSD and other Pound crosses.

GBPUSD eyes 1.3300

The GBPUSD is bullish on the daily timeframe. There have been consistently higher highs and higher lows while the MACD trades to the upside. Pound bulls are eyeing the 1.3300 resistance level. A breakout above this point could open the path towards 1.3400.

On the weekly charts, bulls remain in control above the 1.3100 higher low. A solid weekly close above 1.3300 may trigger a move towards 1.3482.

It has been more than two years since the GBPUSD traded above the 1.3500 level. The upside momentum may notch up a gear if 1.3500 is conquered on the monthly timeframe. A solid close above this point may trigger a move towards levels not seen since April 2018 above 1.4300.

EURGBP pressured below 0.9000

An appreciating Pound is likely to keep the EURGBP below the 0.9000 resistance level. An intraday breakdown below 0.8950 could signal a decline towards 0.8900 and 0.8870. This bearish setup becomes invalidated if prices rebound above the 0.9000 lower high.

GBPJPY balances above 137.90

The title says it all. Prices remain trapped around the 137.90 regions. However, lagging indicators such as the MACD and 20 simple moving average pointing to further upside. Should 137.90 become the new higher low, the GBPJPY could rebound towards 139.00 and beyond. Alternatively, weakness under 137.90 is likely to trigger a selloff towards 136.50.

GBPAUD playing the range

The pound remains in a wide range against the Australian Dollar with support at 1.8000 and resistance at 1.8400. An intraday breakout above 1.8250 could trigger an incline towards 1.8400. If 1.8250 proves to be reliable resistance, prices have scope to decline back towards 1.8000.

Disclaimer: The content in this article comprises personal opinions and should not be construed as containing personal and/or other investment advice and/or an offer of and/or solicitation for any transactions in financial instruments and/or a guarantee and/or prediction of future performance. ForexTime (FXTM), its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness, of any information or data made available and assume no liability as to any loss arising from any investment based on the same.

Forex-Time-LogoArticle by ForexTime

ForexTime Ltd (FXTM) is an award winning international online forex broker regulated by CySEC 185/12 www.forextime.com

Financial News Forex and Currency News
18 Nov

European Double-Dip Recession Inevitable

By Orbex

How Much Lower Can the Buck Go?

The US index fell further towards the 92 handle on Tuesday, as it closed 0.11% down.

October’s retail sales fell short of market forecasts, coming in at a disappointing 0.3% which was a world away from the 1.6% surge in September.

Attentions now turn to the next possible Covid-19 vaccine, with China’s Sinovac vaccine being the next to hit the headlines.

The Trump campaign hit another hurdle as the Pennsylvania Supreme Court declared there were no wrongdoings in the Philadelphia vote count.

In addition, the president sacked his cybersecurity boss for telling him that the election was not rigged.

Euro Flirts With 1.19

The euro edged 0.10% higher yesterday as it achieved a fourth consecutive day of gains, on the back of weak US retail sales.

This is despite the eurozone being on track for its first double-dip recession in nearly a decade, as the second wave tightens its grip over the continent.

As downside risks continue to materialize and the health situation keeps worsening, it now looks evident the recovery the economy has experienced since May has ended.

With a weakened greenback in place, is this helping the sustainability of the euro?

Sterling at the Mercy of Brexit Headlines

The pound rose by 0.46% on Tuesday as the GBPUSD currency pair embraced the 1.32 handle.

Brexit talks continue to dominate as negotiations reach a breaking point. Talks are ongoing in Brussels, with the UK’s chief negotiator stating that there has been progress. However, a deal is not likely to happen this week.

Investors will be watching with a keen eye to see if a deal can be agreed upon before the end-of-year deadline. Additional tariffs on goods going back and forth from the UK and EU would push up costs for consumers.

Indices Down After Record Close

The S&P and Dow both ended yesterday’s session 0.55% and 0.47% lower after closing at record highs.

With the weakest retail sales in six months, stocks remained under pressure.

Shares of Tesla were up 9% on Tuesday afternoon, as the electric-auto maker finally got word that it would be included in the S&P 500 index as of December 21.

Gold Hangs in the Balance

The yellow metal closed 0.63% lower on Tuesday as additional headlines regarding a covid vaccination took hold.

Gold now looks to be slipping away from its $1900 target as trader and investor risk appetite waned.

API and US-Iran Tensions Halts WTI

Oil fell slightly lower yesterday as the API reported a build in crude inventories.

The black gold remained above the $41 handle despite recent US-Iran tensions, after President Trump had threatened military strikes on Iran’s nuclear sites.

A global nuclear watchdog said Iran’s enriched uranium stockpile was 12 times what was permitted under a 2015 nuclear deal.

We now look to today’s EIA report for further possible support for oil.

By Orbex

Financial News Forex and Currency News
18 Nov

Pound gains amid hopes of Brexit trade deal breakthrough

By Han Tan, Market Analyst, ForexTime

The Pound is gaining against most of its G10 peers, following news reports that a post-Brexit trade deal may be secured by early next week. GBPUSD continues to be guided upwards by its 100-day simple moving average (SMA), as the pair creates a wider gap above the psychologically-important 1.30 level.

If cable can climb another leg higher, or if the US Dollar shifts lower, then the next line of resistance can be found at the September-high of 1.34815. However, should markets be faced with a reality whereby the post-Brexit trade deal is proving elusive, that may deflate market optimism and prompt Sterling to return to sub-1.30 levels against the US Dollar.

Meanwhile, EURGBP is making another attempt to shift below its 200-day SMA and could test the 0.886 support level which has been able to rebuff attempts by the pair to break below in the past two months.

 

The runway for a post-Brexit trade deal is certainly getting shorter, with a mere six weeks before the set-in-stone December 31st deadline. Unlike the plethora of fudged deadlines that we have grown accustomed to since the 2016 referendum, Brexit will happen on January 1st, 2021 – no ifs, no buts.

Now, it’s a matter of whether the UK and EU can start off the Brexit life with a trade deal in hand, or revert to terms set by the World Trade Organization.

Markets are assessing the likelihood of the UK and the EU signing a deal before the EU Summit which begins on December 10th, with the European Parliament then set to vote on said deal on December 16th, or any time before the new year. In short, markets are harboring hopes that a deal to be signed before time runs out.

Such expectations have been baked into Sterling’s performance of late, with GBPUSD having advanced 2.3 percent while EURGBP has weakened by 0.5 percent on a month-to-date basis. The FXTM Trader’s Sentiments remain bullish on the Sterling: net long on GBPUSD, and net short on EURGBP.

However, investors are still protecting themselves against the risk of disappointment at the 11th hour. Among the G10 currencies, the British Pound has the second highest implied volatility over the next two months, behind only the Norwegian Krone which is sensitive to gyrations in Oil prices. Also going into 2021, judging by the 25 delta risk reversals, the options markets show that the Pound has the second most-bearish outlook among investors compared to the rest of the G10 complex, with first place going to the NOK once more. The same rankings are seen when comparing the implied volatility and 25 delta risk reversals of G10 currencies against the Euro as well.

However, with time running out, both the UK and EU remain far apart on key issues, from fishing rights to environmental standards. A hard Brexit cannot yet be ruled out, and such a scenario would be politically and economically devastating, especially given that both the UK and EU are still struggling to shake off Covid-19. In the worst-case scenario, a no-deal Brexit could prompt GBPUSD to return to the 1.20 mark, while bringing EURGBP closer to parity.

 

Disclaimer: The content in this article comprises personal opinions and should not be construed as containing personal and/or other investment advice and/or an offer of and/or solicitation for any transactions in financial instruments and/or a guarantee and/or prediction of future performance. ForexTime (FXTM), its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness, of any information or data made available and assume no liability as to any loss arising from any investment based on the same.

Forex-Time-LogoArticle by ForexTime

ForexTime Ltd (FXTM) is an award winning international online forex broker regulated by CySEC 185/12 www.forextime.com

Financial News Forex and Currency News
17 Nov

RoboMarkets Becomes the “Best ECN Broker in Europe”

Nov. 16, 2020 – Limassol, Cyprus – RoboMarkets, the company that provides services on global financial markets to clients from Europe, has received the “Best ECN Broker – Europe” award from the famous Global Brands Magazine. The magazine put a high value on RoboMarkets success on the European market and highlighted the company’s achievements in the area of providing its clients with services using the ECN system.

Global Brands Magazine holds leading positions in offering detailed information and analytics on global brands in different segments of business, which compare favorably with other companies. Awards are presented to those, who make real progress in spheres of finance, education, tourism, lifestyle, technologies, and the car industry. The main objective of the award is to promote awareness of the brands that really make the difference in their respective fields as a reward for their efforts in gaining leading positions on the market.

Konstantin Rashap, CBO at RoboMarkets, is commenting: “We’re very pleased to receive an award from Global Brands Awards once again and, this time, be recognized as the Best ECN Broker in Europe in 2020. This goes to prove that our services and trading conditions are some of the best on the market. We put a lot of effort into the development of our products and infrastructure in accordance with all up-to-date technological and quality standards. We do all this to offer top-class services to each trader, who decides to entrust their funds to us. We’ve got a lot of plans for the future and I’m sure that implementation of them will help us win this prestigious award many times.”

 

About RoboMarkets

RoboMarkets is an investment company with the CySEC license No. 191/13. RoboMarkets offers investment services in many European countries by providing traders, who work on financial market, with access to its proprietary trading platforms. More detailed information about the Company’s products and activities can be found on the official website at robomarkets.com.

Financial News Forex and Currency News
17 Nov

Ichimoku Cloud Analysis 17.11.2020 (USDJPY, EURUSD, GBPJPY)

Article By RoboForex.com

USDJPY, “US Dollar vs Japanese Yen”

USDJPY is trading at 104.49; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test the cloud’s downside border at 104.65 and then resume moving downwards to reach 103.75. Another signal in favor of further downtrend will be a rebound from the descending channel’s upside border. However, the bearish scenario may no longer be valid if the price breaks the cloud’s upside border and fixes above 105.05. In this case, the pair may continue growing towards 106.15.

USDJPY
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

EURUSD, “Euro vs US Dollar”

EURUSD is trading at 1.1856; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test the cloud’s upside border at 1.1835 and then resume moving upwards to reach 1.1925. Another signal in favor of further uptrend will be a rebound from the rising channel’s downside border. However, the bullish scenario may be canceled if the price breaks the cloud’s downside border and fixes below 1.1805. In this case, the pair may continue falling towards 1.1705.

EURUSD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

GBPJPY, “Great Britain Pound vs Japanese Yen”

GBPJPY is trading at 138.09; the instrument is moving inside Ichimoku Cloud, thus indicating a sideways tendency. The markets could indicate that the price may test the cloud’s upside border at 138.25 and then resume moving downwards to reach 136.35. Another signal in favor of further downtrend will be a rebound from the upside border of the Triangle pattern. However, the bearish scenario may no longer be valid if the price breaks the cloud’s upside border and fixes above 138.65. In this case, the pair may continue growing towards 139.75. To confirm further decline, the asset must break the pattern’s downside border and fix below 137.45.

GBPJPY

Article By RoboForex.com

Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

Financial News Forex and Currency News
17 Nov

Murrey Math Lines 17.11.2020 (AUDUSD, NZDUSD)

Article By RoboForex.com

AUDUSD, “Australian Dollar vs US Dollar”

As we can see in the H4 chart, AUDUSD has reached the “overbought area”. In this case, the pair is expected to rebound from 8/8 and resume falling to reach the support at 6/8. However, this scenario may be canceled if the price breaks 8/8 to the upside. After that, the instrument may continue growing towards the resistance at +1/8.

AUDUSD_H4
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

In the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, continue trading downwards.

AUDUSD_M15
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

NZDUSD, “New Zealand Dollar vs US Dollar”

As we can see in the H4 chart, NZDUSD is moving inside the “overbought area”. In this case, the price is expected to break +1/8 and then correct downwards within the ascending tendency to reach the support at 7/8. However, this scenario may no longer be valid if the price continues growing towards +2/8.

NZDUSD_H4
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

In the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, continue moving downwards to reach 7/8 from the H4 chart.

NZDUSD_M15

Article By RoboForex.com

Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

Financial News Forex and Currency News
17 Nov

The Analytical Overview of the Main Currency Pairs on 2020.11.17

by JustForex

The EUR/USD currency pair

Technical indicators of the currency pair:
  • Prev Open: 1.1839
  • Prev Close: 1.1853
  • % chg. over the last day: +0.11%

Yesterday, the EUR/USD currency pair was traded within the range of 1.1812-1.1868 and showed a positive trend of 0.11%. The currency pair is being traded in a narrow daily range near the previous day’s close this morning. The uptrend is observed, which indicates the predominance of purchases on this asset. On the hourly timeframe, the price is being traded above the moving average MA 200. On the H4 timeframe, the situation is similar. The MACD indicator is in the positive zone. Based on the above, it is worth considering buy positions while the price is above MA200 on the H1 timeframe.

Trading recommendations
  • Support levels: 1.1832, 1.1812, 1.1758
  • Resistance levels: 1.1868, 1.1880, 1.1920

The main scenario for EUR/USD trading is looking for buy entry points. It is better to wait for a pullback to the level of 1.1832 and form a long position when a signal is generated. The first target is the level of 1.1868.

Alternative scenario: if the price fixes below 1.1812 on the H1 timeframe, the currency pair is likely to decline to 1.1758.

EUR/USD
News feed for 2020.11.17:
  • – US retail sales at 15:30 (GMT+2);
  • – Speech by the ECB President Lagarde at 18:00 (GMT+2).

The GBP/USD currency pair

Technical indicators of the currency pair:
  • Prev Open: 1.3170
  • Prev Close: 1.3199
  • % chg. over the last day: 0.22%

Yesterday, the GBP/USD currency pair was traded in the range of 1.3160-1.3230 and closed the day with a result of +0.22%. On the hourly chart, GBP/USD is being traded above the moving average MA (200) H1. The situation is similar on the four-hour chart. The MACD indicator is in the positive zone. Based on the above, it is probably worth sticking to bull trading and while the currency pair remains above MA 200 H1, it is necessary to look for buy entry points.

Trading recommendations
  • Support levels: 1.3167, 1.3104
  • Resistance levels: 1.3228, 1.3312

The main scenario: if the price fixes above the level of 1.3228, GBP/USD quotes may move to $1.3312 (November 11 high).

Alternative scenario: if the price fixes below the moving average MA 200 on H1, GBP/USD may fall to $1.3104.

GBP/USD
News feed for 2020.11.17:
  • – US retail sales at 15.30 (GMT+2);
  • – Speech by the Bank of England Governor Bailey at 16:00 (GMT+2).

The USD/JPY currency pair

Technical indicators of the currency pair:
  • Prev Open: 104.714
  • Prev Close: 104.559
  • % chg. over the last day: -0.14%

Yesterday, the USD/JPY currency pair showed a good momentum of growth within the day, after which this growth was won back, and the pair closed the day with a result of -0.14%. Today, the pair is being traded in a narrow price range of 104.40-104.50. On the hourly chart, USD/JPY is trading below the MA line (200) on the H1 timeframe. On the four-hour chart, the pair remains below the moving average MA (200) H4. We believe that currently, there is a correction to yesterday’s strong growth, so we recommend considering purchases. However, we recommend looking for entry points only after the price fixes above the MA 200 on H1.

Trading recommendations
  • Support levels: 104.37
  • Resistance levels: 104.84, 105.12, 105.68

The main scenario is the continuation of the upward movement, with the price-fixing above the MA 200 on H1 to the level of 105.12 (November 16 high).

An alternative scenario assumes consolidation below 104.37, followed by a decline to 103.20 (November 9 low).

USD/JPY
News feed for 2020.11.17:
  • – US retail sales at 15.30 (GMT+2).

The USD/CAD currency pair

Technical indicators of the currency pair:
  • Prev Open: 1.3133
  • Prev Close: 1.3073
  • % chg. over the last day: -0.45%

Yesterday, the USD/CAD currency pair was traded in the downtrend and closed at -0.45%. Today, the currency pair has grown slightly, rising to $1.3087. On the H1 timeframe, USD/CAD is above the MA 200 moving average. On the four-hour chart, the price has not yet tested the moving average. Based on the above, it is necessary to look for buy entry points on the correction, while the pair remains above MA 200 H1. It is worth watching how the pair will behave when testing the MA (200) moving average on H4.

Trading recommendations
  • Support levels: 1.3063, 1.2928
  • Resistance levels: 1.3118, 1.3170

The main scenario: if the price fixes above the level of 1.3118 on the H1 timeframe, we recommend looking for a buy entry point. The USD/CAD may reach the level of 1.3170.

Alternative scenario: if the price breaks through the level of 1.3063 and fixes below the MA (200), one may consider a sell position to the level of 1.2928.

USD/CAD
News feed for 2020.11.17:
  • – US retail sales at 15.30 (GMT+2).

by JustForex

 

This article reflects a personal opinion and should not be interpreted as an investment advice, and/or offer, and/or a persistent request for carrying out financial transactions, and/or a guarantee, and/or a forecast of future events.

Financial News Forex and Currency News
17 Nov

The Launch of a New Vaccine Has Caused the Growth of the US Indices

by JustForex

Some optimism is observed in the markets due to the new coronavirus vaccine. This week, Moderna has become the second pharmaceutical company in the United States to report positive trials for a COVID-19 vaccine which is considered to be essential to stop the pandemic. The stock indices have reacted positively to the news, while the foreign exchange market responded to these reports calmly as the US struggles to contain the second wave of infections. Now there can be a lot of speculation around the vaccine news, so we recommend trading more accurately and fixing the positions at the nearest levels.

The British pound and euro are strengthening amid news that the UK and the European Union may progress in negotiations on a post-Brexit trade deal. This came after it became known that Dominic Cummings, the most influential adviser to Prime Minister Boris Johnson, would leave his post in Downing Street in mid-December.

Citigroup Inc. analysts say the dollar is likely to fall by 20% in 2021 if Covid-19 vaccines become widespread and help revitalize global trade and economic growth. Analysts have been arguing for months that the US election, vaccine breakthroughs and Fed policies could hit the currency. Ultimately, the election did not act as a catalyst for a serious fall. Still, Citigroup says the broader macroeconomic background will be a more significant driver of the dollar in the future. The bank expects that vaccinations will ease tensions concerning the pandemic and that global economies will be on the rise again, as a result of which capital may be redistributed to the assets of others.

Oil prices are increasing on expectations that OPEC+ will extend the agreement to cut production by at least three months. The news of another promising coronavirus vaccine is also supporting the market. At the moment, the price for WTI oil is $41.19.

Market indicators

U.S. stocks rose on Monday, with the S&P 500 and Dow Jones Industrial Average hitting record highs after Moderna Inc reported on the effectiveness of its experimental COVID-19 vaccine. The Dow Jones closed with growth by 1.6% to 29.950.44 points, the S&P 500 – by 1.16% to 3.626.91 points. The Nasdaq increased by 0.8% to 11.924.129 points.

The dollar index fell to 92.46 amid news about the new vaccine.

The US 10-year government bond yield has grown to 0.91%.

It is worth paying attention to the news feed today. At this time, we recommend limiting your risks in positions.

The news feed for 2020.11.17:
  • – US retail sales at 15:30 (GMT+2)
  • – Speech by Bank of England Governor at 16:00 (GMT+2)
  • – Speech by ECB President Lagarde at 18:00 (GMT+2)

by JustForex

 

This article reflects a personal opinion and should not be interpreted as an investment advice, and/or offer, and/or a persistent request for carrying out financial transactions, and/or a guarantee, and/or a forecast of future events.

Financial News Forex and Currency News
17 Nov

Dollar licks wounds ahead of US retail sales

By Lukman Otunuga, Research Analyst, ForexTime

The mighty Dollar nursed losses on Tuesday morning as a return of lockdowns in some US States slightly neutralised optimism around a vaccine. Growing concerns over the transfer of power to President-elect Joe Biden and surging coronavirus cases in not only Europe but the United States compounded to the growing caution – offering the Dollar Index (DXY) some additional support.

One can’t help but feel that the Greenback may be waiting for a fresh directional catalyst to make its next big move up or down. The DXY has been trading with the same range on the daily timeframe since July 2020!

Before we sink our teeth into the technicals, there are a couple of fundamental themes that will likely influence the Dollar’s valuation for the rest of 2020.

As the race for a coronavirus vaccine builds momentum, markets are becoming increasingly optimistic over a sense of normality returning across the globe. Should a COVID-19 vaccine become widely distributed and revive not only global trade but economic growth, the Dollar could tumble amid the risk-on mood. However, it is far too early for any celebrations.

On the data front, the US retail sales data will be published this afternoon with investors looking for fresh clues on whether the Federal Reserve will make a move in December. In October, retail sales are forecast to rise by 0.5% on a monthly basis, compared to the 1.9% witnessed in September. Over the past few months, US retail sales have been quite volatile thanks to the coronavirus menace. However, a disappointing figure will most likely weigh on sentiment and boost expectations over the Fed taking action sooner than later.

It must be kept in mind that US infections are sky rocketing while Congress remains entangled in an ongoing stalemate over a fresh round of US stimulus. Despite the bright spots of economic data, the United States is certainly not out of the woods yet. Given how the Fed is expected to leave interest rates unchanged until at least 2023, the central bank my simply buy more bonds through its QE program.

Back to the technicals…..

Believe it or not, the Dollar Index (DXY) still remains in a wide range on the monthly timeframe with support level at 91.80 and resistance level at 94.80. The last time prices traded outside these regions was back in June 2020. If bulls are able to conquer the 94.80 resistance level, the DXY could challenge 98.00 and beyond. However, a breakdown below 91.80 is seen opening the doors back towards 88.80.

Nothing new here on the weekly timeframe. Prices are respecting a bearish channel. However, a strong support can be found around 92.00. Lagging indicators such as the 20 Simple Moving Average and MACD point to the downside. A daily close above 94.00 may trigger a move towards 94.80 and 95.00.

On the daily chart, the DXY is trading below 92.70 as of writing. Sustained weakness below this level may open the doors back towards 92.00 and 91.80. If bulls regain enough confidence to push back above 92.70, prices may venture towards 93.30 and 94.00 respectively.

Disclaimer: The content in this article comprises personal opinions and should not be construed as containing personal and/or other investment advice and/or an offer of and/or solicitation for any transactions in financial instruments and/or a guarantee and/or prediction of future performance. ForexTime (FXTM), its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness, of any information or data made available and assume no liability as to any loss arising from any investment based on the same.

Forex-Time-LogoArticle by ForexTime

ForexTime Ltd (FXTM) is an award winning international online forex broker regulated by CySEC 185/12 www.forextime.com

Financial News Forex and Currency News
16 Nov

RoboForex Becomes the Best Provider of Investments Services at an International Scale

Nov. 16, 2020 – Belize City, Belize – RoboForex, a company that provides services for trading on global financial markets, has won the award in the nomination “Best Investment Products – Global” according to organizers of the prestigious Global Brands Awards. The award is presented to the company, which demonstrated the most impressive results over a year within the frameworks of the implementation of investment products worldwide.

GLOBAL BRANDS Awards was introduced to commend outstanding achievements and reward companies from different segments. Awards are given to the companies that make real progress in spheres of finance, education, hospitality, lifestyle, cars, and technologies.

Nominations are accepted throughout the year from companies from different countries and regions in a wide range of categories. Nominations received on a corresponding national level are assessed by an independent research agency.

Robert Stephenson, Chief Business Officer at RoboForex, is commenting: “We’re flattered that for the second consecutive year the event organizers have given credit to RoboForex as the best provider of investment products at an international scale. On one hand, it’s a great honor for us to be recognized, but on the other hand, this award is an expected result of our accomplished work. We put a lot of effort into the development of our investment products are going to do our best to make each RoboMarkets product be worthy of the highest mark from traders and experts.”

 

About RoboForex

RoboForex is a company, which delivers brokerage services. The company provides traders, who work on financial markets, with access to its proprietary trading platforms. RoboForex Ltd has the brokerage license IFSC 000138/107. More detailed information about the Company’s products and activities can be found on the official website at www.roboforex.com.

 

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