eToro is the world’s leading social investment network, enabling clients to tap into the wisdom of crowds to help them make smarter investment decisions. Founded in 2007 in Israel, it has developed flexible simple-to-use trading platforms that provide fast and easy access to the financial markets. It operates the largest…
Global Briefing
British Pound Dollar Rate Forecast: GBP/USD Looks to Halt Seven Week Losing Streak
The US dollar continues to dominate global forex markets in late summer and we would hesitate to call an end to the declines just yet. However, signs are emerging that the pound sterling could be about to put an end to what has become a rather protracted…
Want to Trade Bitcoin?
Nothing new on the price front for everyone’s favourite cryptocurrency. Bitcoin rallied to a high of $517.85 today but toward the close BTC/USD fell back down to the $510 figure. We are still trading well inside the $50 range mentioned in our daily roundup yesterday. Until we break…
Natural Gas Prods $4.0 Ahead Of Supply Data, USD Stumble Supports Gold
Crude oil faced a bumpy session in US trading overnight on the back of the DOE’s Weekly Petroleum Status Report. As suggested in yesterday’s commodities report; another greater-than-anticipated drawdown in total stocks would likely prove insufficient to yield a recovery for WTI. Indeed, the benchmark seemed to take its guidance…
HMRC’s Latest Initiatives Target Hidden Wealth
Since 2010, the Conservative government has subjected Britain’s public sector to an aggressive programme of deficit reduction to restore order to UK public finances. One consequence of this initiative is that the British public is easily exasperated by the thought of individuals and companies that avoid paying…
Treasury Targeting FX Reform
For several months now, George Osborne has been planning to make manipulation of foreign exchange, fixed income and commodities benchmarks a crime in order to maintain London’s status as an international banking and markets hub. The upcoming reforms will be informed by a review by the Bank of…