Jeff Bezos overtook Bill Gates, is now the richest man in the world

It's rare for Bill Gates to get ahead of someone's wealth. After the results of Amazon and the appreciation of the shares of the company, however, this happened. And Gates was overtaken by the founder and main shareholder of Amazon - Jeff Bezos.
Gates has been the leader for the past four years.
Bezos, however, raised its net wealth by $10.4 billion after the stock of its parent-funded company rose by 13 percent, after better-than-expected results, or by at most two and a half years.
At the end of Friday, Bezos' net fortune ended at 93.8 billion dollars, or 5.1 billion dollars ahead of Gates.
Only since the beginning of the year, Bezos has raised his wealth by 28.5 billion dollars. By comparison, for the same period, Gates' wealth increased by $6.3 billion, even after donating $4.6 billion of Microsoft's holdings to its foundation in August.

ActivTrades: Client Protection

ActivTrades always takes care of their clients by providing them with client protection:

Protection from negative balance

The interests of ActivTrades' clients are company's top priority - that is why with ActivTrades your balance can not fall to a negative value.

The level of automatic closing of positions on your account has been created to give you the assurance that as a result of commercial action, your potential losses will never exceed your deposit amount. As an additional warranty, ActivTrades offer a Balance Protection Policy and will credit your account to zero balance in case your account reaches a negative balance as a result of your business decisions.

Balance Protection Policy also applies to multiple accounts, so if you have a negative balance in one's account and a positive balance in another, then the positive balance will be used to cover the negative balance. This practice also applies to joint accounts you own with other people, in which case each joint account holder will be held liable for an existing debit or credit on the account.

Client balance protection is valid for all individual trading accounts.

Example of automatic termination - Trade Out

You have €10,000 capital on your trading account and an open short position in EUR against USD from 5 lots (€500,000) at a price of 1.1500. The Trade Out Termination Level - Trade Out for your account is set by ActivTrades at 30% of the warranty margin used, and the maximum allowed leverage is 1:50. That is, the margin requirement for this trade is equal to the total amount of €10,000 of your capital.

In this case, the market rises to 1.1650/1.1652, and at this level your position has an open loss of $7,600 (152 pips X $50 value for each pips) or €6,522.48. Your free capital now stands at €3 477.52. If the market rises by a further 1 pips to 1.1663/1.1665, then the loss will increase to €7,072.43 and the balance will decrease to €2,927.57. At this point, you no longer have 30% of the capital (warranty claim requirement) and the system automatically caps your position at 1.1665. The remaining balance of your capital falls to €2,927.57.

For more information, visit here.

Inflation in Australia below expectations - the Australian dollar with a five-month minimum

Inflation in Australia was surprisingly low, continuing to be under the central bank's target for a second consecutive year. This is increasingly casting off the prospects of raising interest rates.
Consumer price inflation in the country rose to 1.8% for the year to September, below analysts' average inflation expectations of 2%.
The local currency fell to four and a half months minimum and early in the morning lost 0.6% of its value and exchanged at levels of 0.7721 US dollars.
This is the seventh consecutive quarter in which inflation is below market expectations of 2%.
The Australian central bank's long-term inflation target is between 2% and 3%. Permanently low inflation may, however, change the expectation of a recent increase in interest rates by the central financial institution.
Currently, interest rates in Australia are at a record low of 1.5%.

The dollar is close to its highest levels in anticipation of the ECB

The dollar changed slightly yesterday, sticking to its highest values ​​in two weeks before the decision of the ECB later this week.
The dollar index was traded late last night at 93.94 points. The euro traded 0.1% up against the US dollar, at 1.1760, against its 1.1750 prior day.
This week will be extremely saturated at meetings of central banks. There are decisions about the monetary policies of the Bank of Canada, the Swedish and Norwegian central banks, and the ECB on Thursday.
The dollar has found some support after rising interest rates on US government bonds, with 10-year bonds reaching 2.4 percent.
Data released yesterday about activity in the industry sector showed a steady performance of the US economy this month.

Gold with a two-week bottom yesterday

Gold has reached its lowest levels in more than two weeks on Monday, following expectations of continued Japan's ultra-stimulus policy after Abe's election victory. This made the dollar more expensive than the rest of the major currencies and, accordingly, negatively affected the price of the yellow metal.

The spot price of gold fell momentarily yesterday to the lowest value of 1 275 dollars per ounce or its lowest level since October 6. Futures of precious metal with delivery in December lost 4.1 dollars of value, to levels of 1 276.4 dollars per ounce.

The euro area economy remains stable

The economy of the eurozone has kept its strong performance since the beginning of the year, with good performance stimulating companies to recruit new staff at the fastest pace in ten years.
The PMI index for manufacturing and services fell to 55.9 in October, compared to 56.7 in September, according to IHS Markit.
And although the indicator has fallen to the lowest level in two months, the rate of new job in the industrial sector has risen to the highest level since 1997.
Good data comes true shortly before the ECB's meeting this week, which is expected to cut its record-breaking stimulus to the economy.
Currently, the ECB buys back assets worth 60 billion euros, which are expected to be reduced by between 20 and 30 billion dollars from the beginning of next year.
And while inflation is still far below the expectations of the central bank, the first steps towards reducing incentives are expected to be released shortly.

A rare moment in the history of US markets - no drop by 5%

US indices are close to their record values. In fact, the S&P 500 blue chip index has registered 322 days without experiencing a 5% or more adjustment.
This year, the index has record-breaking closing levels in 47 of the 201 stock exchanges.
Since July of last year, the blue chip index has added 19% of its value without having registered an adjustment of 5 or more percents. And this has happened very rarely in the history of the index.

You may be wondering how historically the market has been presented during these long periods without a decrease of 5% or more.
An answer to this question could be found in the chart below:

New records for US indices, the dollar with groth for fifth consecutive day

US indices reached new records yesterday as the dollar continued its winning streak. This happened after investors focused on the Fed's forthcoming interest rate policy and sent US government bonds up.
The spread between 5 and 30-year bonds fell to its lowest level since November 2007, following expectations for a stricter monetary policy worldwide. This has prompted investors to sell short-term government bonds.
The Dow blue chip index added momentarily over 120 points, reaching a new record high.
The dollar rose for the fifth consecutive day, supported by the rise in US bond interest rates. The dollar index added 0.1% to its value.

The pound UK collapsed after GDP and retail sales

The pound lost 0.5% of its value after retail sales data in the country fell more than expected. This reduced the chances of an increase in interest rates at the next meeting, as was the expectation of the majority of market participants.
Retail sales in the country declined by 0.8% on a monthly basis in September, which was far worse than the average expectations for a 0.1% decline.
The growth of the British economy slowed to 1.5% yoy, in the third quarter, which was the weakest performance since October 2013.
According to Tuan Lan Nguyen, a currency strategist at Commerzbank AG, the data was quite disappointing and sent pounds down strongly against other major currencies. The expert doubts that with such data, the UK central bank will keep its promise of raising interest rates at its next meeting. However, he remains behind Commerzbank's medium-term forecast for an increase in interest rates.
The pound fell by 0.5% to 1.3135 against the dollar. With the same percentage, the pounds also fell against the euro to 89.69 pence per euro. Interest rates on 10-year British bonds fell four basis points to 1.28%.

Oil with highest price since July

US indexes rose to new historical records, with oil and copper also rising, rising raw materials index. US government bonds fell after Yellen confirmed the FED's position of a gradual rise in interest rates.
Meanwhile, oil has continued to rise and reached a new two-week high as a result of mounting tensions in Iraq that are expected to affect supply. US crude oil rose by 0.8 percent to 51.86 dollars a barrel.
The US reporting season is gaining momentum, with leading US financial institutions reporting the results.
The S&P 500 index ended with an increase of 0.2% yesterday to a new historic peak.

Inflation in the UK highest in five years

Inflation in the UK rose to its highest level in five years in September, driven by accelerated food and transport prices.
The inflation rate rose to 3% in September on an annual basis, or the highest since April 2012, against 2.9% a month earlier, according to national statistics.
Data increases expectations for a raise in interest rates by the British Central Bank, perhaps next month.
The rise in the price of oil and petroleum products may mean that we will see further inflation in the future, according to market observers.
Now, inflation is a full percentage point above the target of the Bank's inflation rate of 2%.

The ActivTrades Financial Trading Summit 2017

The leading independent broker ActivTrades is inviting you on their Financial Trading Summit 2017, which will be held on Saturday, 28 October 2017, in Shangri-La Dubai Hotel.

The main subjects that will be discussed include:

 - "Applying Methods to Improve Trading Efficiency";
 - "Psychological Trading";
 - "Risk Management";
 - "An in-depth look into Fundamental Analysis".

The programme of the event also includes tea and coffee, lunch, panel discussion with professional traders and networking with industry professionals and other traders.

The participation is free of charge.

For more details and to register, please follow this link.

The IMF will create its own cryptocurrency?

Global digital currency may be a future option for the IMF. This was stated by the head of the fund, Christine Lagarde, during the forum organized by the English Central Bank. Lagarde hinted at the development of the cryptocurrency, which would be used for special rights issued by the IMF.
This currency can displace the reserve currencies used by the Fund.
The IMF has already begun to explore the possibilities of creating its own cryptocurrency with external consultants. Lagarde commented that replacing current reserve currencies with cryptocurrency is not such a far-fetched opportunity.
The IMF cryptocurrency may seriously endanger the domination of major reserve currencies, market forecasters predict.
According to experts, the creation of such a cryptocurrency could be backed by countries like China who would like to reduce the impact of the US currency as a reserve one.

The dollar stops with its growth

The dollar and interest on US bonds are on track to end their four-week rise after several Fed officials have expressed fears of inflation. This reduced the expectations for another US interest rate hike this year.
The euro has risen by about a cent above its seven-week minimum, reached in last Friday.
The pound has appreciated against other major currencies, following strong export growth in the country over the past month.
The appreciation of the British currency was also prompted by the speculation that Europe would offer the UK a two-year transition to leaving if Britain respects its financial obligations to the union.
The yen rose after the news of a slight earthquake as a result of North Korea's nuclear attempts. According to South Korea, however, the earthquake was the result of natural forces.

Will gold shine in the fourth quarter?

Despite the new record highs of the US indices, gold continues to perform relatively well against the beginning of the year due to geopolitical tensions, uncertainty in Europe, and high ratings of US companies.
Since the beginning of the year, gold has risen by 9.2%, against a rise of 13.2% for the broad US state index S&P 500.
After a fourth consecutive week of decline, the price of gold was pushed to a near two-week high, at $1,300 per ounce as a result of mounting tensions between the United States and North Korea. Reactions of the latter side are currently awaited when judging the threats posed by its foreign minister.
In any case, however, all problems will hardly be solved suddenly, as the danger of deepening of one of the conflicting situations may mean a good last quarter for gold and other precious metals.
Experts believe that gold will soon test the psychological limit of $1,300, and if it returns over it, its appreciation may continue to 1,350 and later to 1,400 dollars.
In addition, a further weakness of the US dollar relative to other major currencies may further improve the outlook for the yellow metal.

S&P 500 on its way to a record-breaking series without a 3% daily loss

The volatility of the US markets is on a record low, and that's already old news. Perhaps you will ask, however, how calm the US markets are.
The answer is: very...
The S&P 500 index has not registered a decline of at least 3% since November 7, 2016. This is 234 trading sessions and the second longest similar period, with no drop of 3% from 241 days from January 26, 1995 to January 9, 1996, according to data from Pension Partners.
Only eight more trading sessions without a decrease of 3% or more during the day and we will have a new record period.
The strange lack of volatility is in the midst of new record values ​​for US indices. On Thursday, however, they interrupted their record of new records, which may be the first more serious alarm signal.
US indices are on their way to their ninth consecutive year of growth, which would equalize the record growth for the period from 1991 to 1999.
Moreover, the S&P 500 rose by 14% since the beginning of the year, while the Dow added 16%. Technological Nasdaq rose the most: by 23% this year.
Meanwhile, the Volatility Index VIX is trading at a record low for the past 23 years.

Trump: The tax reform will push the indexes up

President Trump said yesterday that his planned tax reform would make stock markets rise sharply.
The stock markets added $5.2 trillion of the November 8 election victory, or a 25% growth, according to Trump's post on the Twitter social network, where he is very active.
Trump added that unemployment in the US has been the lowest since 16 years. He said, that if the Congress has given an approval for the massive tax reliefs and reforms that he asked asking, the values ​​for the markets will continue to grow.
From November 8, the Dow Jones Industrial Average blue index rose by 25%. At the same time, the broad S&P 500 grew by about 20% and the Nasdaq by 27%.
In terms of unemployment, at 4.2%, it is the lowest since February 2001.
Trump did not hasitated to invoke the "fake media", to pay attention to the actual stock market growth figures since his election victory.
Market participants, however, are divided on whether the forthcoming tax reliefs are "reflected" in the prices of financial assets. Overall, they are unanimous that they will have a positive impact on the economy and stock prices in the medium term.

Wages in the US with the highest growth since 2009, employment with the first drop

The September Employment Report reported the first negative growth in 2010. Instead of these data, however, economists focused on strong wage growth of 2.9% on an annual basis. This was the fastest growth in wages since 2009.
Indeed, the fall in the number of people employed is largely determined by several hurricanes in the past month.
In September, the US economy lost practically 33,000 jobs while at the same time the unemployment rate dropped to its pre-crisis levels of 4.2%.
This was the first time since 2010 when we saw a decline in the number of jobs in the world's leading economy.

A record day for US indices

The S&P 500 is about to reach its longest winning series in four years. This is due to the growth of the economy not only in the US but also globally, as well as the positive expectations of investors for the companies' third-quarter reports.
The European indices also ended mainly on green territory, with the exception of the German DAX 30 closing with a minimum decrease of -0.02% to a level of 12968.05 points.
FTSE 100 added +0.54% closing at 7507.99 points, while the French CAC 40 closed at 5379.21 points, adding +0.30% to its value.
On Thursday, US main indices recorded new historic tops, as well as good economic data, where weekly unemployment claims fell by 12,000 to 160,000. The US trade deficit shrank by 2.7 percent to $42.4 billion dollar in August and factory orders rose by 1.2% in August.
Dow Jones Industrial Average also recorded a record high of 22775.39 points, adding +0.50% to its value, and the Nasdaq Composite finished at 6585.36 points or a daily gain of +0.78%.

The EUR/USD ended last month with its longest monthly increase since 2013

The euro ended its longest monthly appreciation against the dollar since January 2013, following expectations of rising interest rates in the United States and political uncertainty in Europe.
Market expectations for another US interest rate hike by the end of this year are on the rise, following Janet Yelan's latest comments.
In addition, President Trump's plans for tax cuts seem closer to realization, which causes market players to bet on a strong dollar.
Finally, but not least, the political situation in Germany, as a result of the unconvincing victory of Angela Merkel, can not be ignored.
According to a number of market observers, however, despite all that has been said so far, the prospects for the euro against the dollar are generally positive.
The reason - the expectations Draghi to signal the end of the stimulus program in the euro area at the next ECB meeting in October.
The average expectations of Toronto Dominion Bank analysts are that the euro will end the year at 1.26 dollars.

How did the silver and gold present in September?

Gold fell on the last day of last week, ending with a fall of 0.3 percent to 1 283.61 points. Metal futures with delivery in December ended at $1 284.80 per ounce.
Thus, gold ended the month with a decline of 2.8%, although for the quarter it recorded a growth of 2.9%.
Now the question among all investors is where will the gold take?
There are two factors that completely oppose each other and separate the investment opportunity of radically opposing views on the raw material.
First, the dollar is rising, and signs of inflation in the United States are driving investors to think of a further rise in interest rates by the end of the year. And as we know, gold is in the opposite direction to the direction of the dollar.
On the other hand, gold proponents point to increased geopolitical tensions in connection with what is happening between the United States and North Korea, as well as political instability in Germany and contradictions in Washington.
Meanwhile, silver ended the week with a decline of 0.6% to 16.73 dollars per ounce and for the month it lost 5.1%.

ActivTrades' Seminar: "The Power of Strategy"

ActivTrades always takes care of their clients by providing them with various learning opportunities. That is why ActivTrades regularly runs seminars and webinars, partnering with leading financial industry experts.

See how you can improve your trading strategies and develop new trading techniques in the financial markets. Be well informed about market fluctuations and learn to read between the lines of technical charts. Do not miss the opportunity to discuss your trading strategy with leading financial trading experts, as well as familiarize yourself with other traders to exchange your trading experience.

On Saturday 7th October there will be held the amazing seminar "The Power of Strategy", hosted by Paul Wallace and Martin Walker. The subject of the discussion will be the importance of a solid strategy and how you can implement a system into your own trading everyday.

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For detailed information and to register, please follow this link.