Independent Investor News | Financial Spread Betting, CFDs and Share Trading News. Your Guide to Latest Developments on Stock Markets.

ETX take over Alpari Customers

Author: Phil Evans / In News

Following the collapse of Alpari UK, it seems the tale is finally over and ETX Capital are taking over their customers. The details of the deal have not been disclosed but it makes perfect sense as ETX Capital have a strong foothold in the UK market already and will provide those customers great service and a wide range of markets to trade. Alpari intellectual property was sold to Andrey Dashin, the company’s founder and main shareholder and alpari.co.uk website is already redirecting customers to alpari.com (alpari.co.uk used to redirect to alpari-forex.com) as to show UK customers that nothing happened and they are still open for business as usual. A close look at Alpari’s website shows that they are still open for business and accept UK customers with a new, exclusive sign-up bonus. It clearly shows why Alpari UK were so eager to get rid of the UK branch so to […]

New instruments available in DFTrader

Author: Phil Evans / In News

DF Markets have expanded their range of markets to include several new financial instruments, which are already available for trading on all versions of the DFTrader platform (desktop, web, mobile). Two new European index CFDs: EUBELGIUM20 and EUPORTUGAL20, which track the performance of the 20 most highly capitalised and liquid companies traded on the respective country’s main stock exchange, Euronext Brussels and Euronext Lisbon. Both index CFDs are offered at 1% margin and no commissions.   Share CFDs of two additional US companies: cosmetics firm Avon Products Inc. (AVP) and tobacco giant Philip Morris International Inc. (PM). ETF CFDs on the VIX Volatility Futures Index (VIXETF): the index measures the movements of VIX futures and is designed to track changes in the expectation for VIX over a specific time window in the future. The new share and ETF CFDs can be traded at 10% margin and minimum commissions.

Greece Running out of Time

Author: Erik Kearney / In News

The situation in Greece continues to worsen, with the struggling nation at real risk of cash running out by April 20 unless a new solution is found. According to a report from Reuters, the situation is getting desperate as Greek leaders meet with key EU leaders in the hope of unlocking new aid.  With possible new reforms, cash injections, and a messy default all on the table, the world’s markets lie in wait as European leaders hope to broker a new deal by early next week. Key Euro zone creditors are considering a new financial lifeline for the struggling nation, with Greek prime minister Alexis Tsipras reportedly saying a deal needs to happen sooner rather than later. In a three-hour meeting in Brussels last Friday, Tsipras informed his creditors that if they wait until the end of April before releasing funds, it will be too late for Greece. German Chancellor […]

Markets React to FOMC Statement

Author: Erik Kearney / In News

The US Federal Reserve has just lost ‘patience’, dropping this key word along with others from its latest statement on Wednesday. While a rate hike is highly unlikely in April, a number of analysts have read between the lines to forecast an increase in either June or September. The Fed offered little data themselves, instead saying rates were not likely to change until there was further improvements in the job market and renewed confidence of inflation returning to the 2 percent level.   The US dollar dropped sharply against all major currencies in reaction to the news, with the Euro enjoying its largest 1-day move against the dollar since December 2008. Despite the lack of clear language regarding the timing of interest rate hikes, traders around the world reacted strongly to the statement due to the omission of certain word and altered tone of the statement.   Since the December […]

Euro Forecast for Parity with USD

Author: Erik Kearney / In News

With the Euro continuing to drop in value against the US dollar, the two currencies may reach parity for the first time in over a decade. Currently sitting around 1.06 to the dollar, the Euro has fallen consistently over the last year and made significant drops over the last couple of weeks. Goldman Sachs is the latest big name to forecast parity between the two biggest currencies in the world, with an updated forecast for the Euro to reach 0.95 in as little as 12 months.   Anticipating changes in US monetary policy and portfolio outflows from Euro area residents, Robin Brooks from Goldman Sachs thinks the Euro will keep dropping over the next few months. Even greater falls have been forecast over the medium to long term, with the downward extent of predictions stunning both analysts and traders around the world.   “We … update our forecast to 1.02, […]