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%.