In light of the upcoming ESMA regulations, clients with EU-based brokers will see their leverage fall to 30-1 from 100-1 or 200-1 as of July 28. In order for you to keep 100-1 or 200-1 leverage, you can do so by either: i) proving you have an investment portfolio greater than € 500,000 or ;) proving you have worked for 1 year in a financial services in a professional capacity. If you can't meet these criteria and would like to maintain the higher leverage, then please contact us.Read More...
China's Commerce Ministry said it will have to take further measures to respond to US tariffs on Wednesday and that initially weighed on the dollar. But as USD/CNY hits hit fresh 4-week lows, it is sending all major currencies lower against the USD, including AUD despite a stellar Australian jobs report. A new JPY Premium trade will be issued for subscribers.
The US yield curve fell to its flattest level since the crisis on Tuesday as Fed chair Powell dismissed the potentially recessionary signal. All currencies are down against the USD. GBP is the biggest loser on weaker than expected UK inflation, but with the headline CPI at 2.4% 00 well over the BoE target, the case for an Aug 2nd rate hike remains. The Premium DAX short was stopped out.Read More...
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