ATFX Press Releases 2021

Kelly Yeung

ATFX.com Representative
Messages
793
With most cryptocurrencies creeping higher in the last few days, it looks like it is time for Bitcoin Cash, BCHUSD, to experience sharp burst of volatility.

Bitcoin Cash has been lagging behind Bitcoin (BTC) by significant proportions. The original coin was priced near $54500 at pixel time, and Bitcoin Cash was priced at $537. However, this is not stopping traders from trading Bitcoin Cash, as it is priced lower and offers a higher possible percentage return. Such as event might unfold over the next few days.

BCHUSD remains trapped in an ascending triangle pattern. The February 25 and March 3 highs of $558.45 form the horizontal part of the pattern, whilst we can connect the February low and March 5, 6 and 8 lows with an upward sloping trend line.

The difference between the horizontal level and the start of the upwards pointing trend line is approximately $125.54. The amount can be added to the lateral level of $558.45 to derive the pattern target of $684.93. The $125.54 move is equivalent to a 22.5% gain.

For the price to embark on this bullish path, the price would need to successfully break the level of $558.45, and afterwards not trade strongly back into the pattern. If the price indeed trades below $558.45 after a breakout, then the pattern would have failed.

What are your thoughts on BTHUSD? Interact with Alex via Twitter.


BCHUSD Four hour Chart

bl5805_1_4.png


Written by Alejandro Zambrano, ATFX Global Chief Market Strategist


Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74.07% of retail investor accounts lose money when trading CFDs / Spread betting with this provider. You should consider whether you understand how CFDs / Spread betting work and whether you can afford to take the high risk of losing your money.

ATFX is a co-brand shared by a group entities including:
  • AT Global Markets (UK) Ltd is authorized and regulated by the Financial Conduct Authority (FCA) in the United Kingdom with registration number 760555. The Registered Office: 1st Floor, 32 Cornhill, London EC3V 3SG, United Kingdom.
  • AT Global Markets LLC is a Limited Liability Company in Saint Vincent and the Grenadines with company number 333 LLC 2020. The Registered Office: 1st Floor, First St. Vincent Bank Bldg, James Street, Kingstown, St. Vincent and the Grenadines.
  • ATFX Global Markets (CY) Ltd is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) under the license no. 285/15. The Registered Office: 159 Leontiou A' Street, Maryvonne Building Office 204, 3022, Limassol, Cyprus.
  • AT Global Markets Intl Ltd is authorized and regulated by the Financial Services Commission with license Number C118023331. The Registered Office: Suite 207, 2nd Floor, The Catalyst, Silicon Avenue, 40 Cybercity, 72201 Ebène, Republic of Mauritius.
 

Kelly Yeung

ATFX.com Representative
Messages
793
With most cryptocurrencies creeping higher in the last few days, it looks like it is time for Bitcoin Cash, BCHUSD, to experience sharp burst of volatility.

Bitcoin Cash has been lagging behind Bitcoin (BTC) by significant proportions. The original coin was priced near $54500 at pixel time, and Bitcoin Cash was priced at $537. However, this is not stopping traders from trading Bitcoin Cash, as it is priced lower and offers a higher possible percentage return. Such as event might unfold over the next few days.

BCHUSD remains trapped in an ascending triangle pattern. The February 25 and March 3 highs of $558.45 form the horizontal part of the pattern, whilst we can connect the February low and March 5, 6 and 8 lows with an upward sloping trend line.

The difference between the horizontal level and the start of the upwards pointing trend line is approximately $125.54. The amount can be added to the lateral level of $558.45 to derive the pattern target of $684.93. The $125.54 move is equivalent to a 22.5% gain.

For the price to embark on this bullish path, the price would need to successfully break the level of $558.45, and afterwards not trade strongly back into the pattern. If the price indeed trades below $558.45 after a breakout, then the pattern would have failed.

What are your thoughts on BTHUSD? Interact with Alex via Twitter.


BCHUSD Four hour Chart
01.jpg


Written by Alejandro Zambrano, ATFX Global Chief Market Strategist

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74.07% of retail investor accounts lose money when trading CFDs / Spread betting with this provider. You should consider whether you understand how CFDs / Spread betting work and whether you can afford to take the high risk of losing your money.

ATFX is a co-brand shared by a group entities including:
  • AT Global Markets (UK) Ltd is authorized and regulated by the Financial Conduct Authority (FCA) in the United Kingdom with registration number 760555. The Registered Office: 1st Floor, 32 Cornhill, London EC3V 3SG, United Kingdom.
  • AT Global Markets LLC is a Limited Liability Company in Saint Vincent and the Grenadines with company number 333 LLC 2020. The Registered Office: 1st Floor, First St. Vincent Bank Bldg, James Street, Kingstown, St. Vincent and the Grenadines.
  • ATFX Global Markets (CY) Ltd is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) under the license no. 285/15. The Registered Office: 159 Leontiou A' Street, Maryvonne Building Office 204, 3022, Limassol, Cyprus.
  • AT Global Markets Intl Ltd is authorized and regulated by the Financial Services Commission with license Number C118023331. The Registered Office: Suite 207, 2nd Floor, The Catalyst, Silicon Avenue, 40 Cybercity, 72201 Ebène, Republic of Mauritius.
 

Kelly Yeung

ATFX.com Representative
Messages
793
ATFX has always enjoyed a reputation in the industry for its excellent customer service, high-quality product and convenient trading experience, and has attracted the attention of many well-known international media. After years of preparation, ATFX Connect independently developed and released Celer Platform for the trading front office and Kooltra, an integrated matching system for the middle and back office, to quickly and seamlessly connect to other bank and non-bank price merchant systems and various client system platforms. Upon its launch, the platform attracted the attention of famous media in the global financial industry, reporting ATFX Connect’s platform extensively. These media evinced interest in ATFX Connect and spoke highly of the ATFX Connect platform.

The financial media mainly included more than 60 international financial industry media, such as LeapRate, Finance Magnates, PRNewswire, fxdailyinfo, etc., covering regions such as the UK, Germany, Italy, France, Spain, Portugal, the Middle East, Africa, Malaysia, the Philippines, Vietnam, Thailand and Singapore. The media highly praised the development achievements of ATFX and believed that the development of ATFX had entered a brand new era.


Finance Magnates

bl5688_1finance_magnates_2.jpg

Finance Magnates article pointed out that over the past 18 months, ATFX has invested heavily in its technology and product offering, and has continued to develop its Multi Access Platform “ATFX Connect” and has added a number of new order functions designed to give its clients more options and flexibility when trading.


LeapRate

bl5688_2leaprate_1.jpg

LeapRate article pointed out that the FCA regulated global CFD broker ATFX has enhanced their liquidity capabilities by teaming up with 1 Prime Broker. ATFX Connect trading platform provides low latency, quick order entry and competitive pricing in a stable environment with a choice of Agency or Margin configuration.


PRNewswire

bl5688_3prnewswire_1.jpg

ATFX Connect serves as an automated trading venue, delivering a tailored liquidity solution to financial institutions including Hedge Funds, Asset Managers and Private Banks. This service has already attracted many Institutional clients, who can trade with a tailored, integrated pricing flow and directly access the market of multiple Tire 1 Bank and Non-bank liquidity providers.


Fxdailyinfo

bl5688_4fxdailyinfo_1.jpg

Fast forward to 2021, a new prime brokerage firm was added, and ATFX’s reputation as a go-to broker for Institutional clients continued to flourish. ATFX took a key decision to elevate the profile of ATFX by partnering with a leading tire 1 Prime Broker to establish its presence within the Institutional community.


As a global CFD broker, ATFX is committed to being a leader in the financial market by providing currency pairs, precious metals, indices and other products to global investors. The ATFX Connect platform has been very popular and well received by Institutional clients since its launch.

ATFX Connect provides banks, brokers, funds and high net worth professionals in different countries with deep liquidity and top-end market prices using an integrated matching system for the middle and back office (Kooltra) along with proven financial technology.

The technology used by the platform enables ATFX Connect to tailor liquidity solutions while maintaining competitive prices. The multiple platforms, through an API (Application Programming Interface), can illustrate clients’ access to a range of financial instruments. The clients can benefit from competitive spreads between 100 different currency pairs while having access to more than 20 liquidity providers, including Tier 1 Bank and Non-bank liquidity.

In addition, ATFX takes advantage of the latest HTML5 standards, so that ATFX Connect can ensure that the navigation of the user interface is more seamless and efficient than ever before. ATFX Connect is easy to operate, rapid, reliable and adaptable, which also provides institutional liquidity from its platform through the One Zero bridge (which provides automatic hedging, quote filtering and automatic session control features).

In 2021, ATFX will remain true to its original aspiration, actively integrate the achievements and experience gained in the previous year, keep pace with the development of the global financial market, and continue to strive for excellence in the global financial market.

END
atfx.com​
ATFX is a co-brand shared by a group entities including:
  • AT Global Markets (UK) Ltd is authorized and regulated by the Financial Conduct Authority (FCA) in the United Kingdom with registration number 760555. The Registered Office: 1st Floor, 32 Cornhill, London EC3V 3SG, United Kingdom.
  • AT Global Markets LLC is a Limited Liability Company in Saint Vincent and the Grenadines with company number 333 LLC 2020. The Registered Office: 1st Floor, First St. Vincent Bank Bldg, James Street, Kingstown, St. Vincent and the Grenadines.
  • ATFX Global Markets (CY) Ltd is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) under the license no. 285/15. The Registered Office: 159 Leontiou A' Street, Maryvonne Building Office 204, 3022, Limassol, Cyprus.
  • AT Global Markets Intl Ltd is authorized and regulated by the Financial Services Commission with license Number C118023331. The Registered Office: Suite 207, 2nd Floor, The Catalyst, Silicon Avenue, 40 Cybercity, 72201 Ebène, Republic of Mauritius.
 

Kelly Yeung

ATFX.com Representative
Messages
793
Trading Themes Prospects in 2021

After the volatile year we had in 2020, it appears that 2021 is both the continuation of the old market environment as well as the start of a new one. . Entering the post- pandemic era, we are likely to see several changes such as an improvement in regards to the pandemic and the global economic recovery. It is expected that volatility will not change and is inevitable, which will create various opportunities that traders can profit from. We have grouped these opportunities into the top ten investment opportunities of 2021.

Reflation trading

Since last year, inflation expectations have continued to rise. In the new year, the market is flooded with a lot of liquidity under the background of global easing and unchanged stimulus measures, which means that inflation expectations will intensify. In January, the US 10-year Treasury bond yield rose above 1% and received widespread market attention, reflecting the increase in inflation expectations.

The bet on rising inflation is growing popular, and the yield curve of long-term bonds tends to steepen when long-term bond yields increase. Shorting long-end Treasury bond futures and longing short-end Treasury bond futures may become a viable option. Investors should pay attention to a sharp rise in long-term U.S. Treasury yields, which may prompt the Fed to take control of the yield curve. Such expectations appeared frequently last year, and the Fed has publicly discussed this possibility.

When it comes to anti-inflation assets, the first assets we think of are commodities. Chief among them being gold, which has the most prominent anti-inflation characteristics. . We have already discussed the prospects for gold prices in a previous article, so we will skip that here. If the Fed decides to adopt yield curve control, the decline in long-term nominal interest rates could benefit gold significantly.

Inflation expectations superimposed on the economic recovery to promote commodity prices will be reflected in the rise of commodity-linked currencies. These currencies are more sensitive to the external economic environment and they include the Australian dollar, the New Zealand dollar and the Canadian dollar. There is a corresponding upside as the three countries have performed well despite the pandemic, which may result in a good rate of return for investors. In addition, cyclical stocks regarded as high-yielding assets may also be favored. Finally, sectors such as oil, natural gas, steel and other similar sectors will likely follow the increase in inflation expectations and rally higher.

ATFX is a co-brand shared by a group entities including:
  • AT Global Markets (UK) Ltd is authorized and regulated by the Financial Conduct Authority (FCA) in the United Kingdom with registration number 760555. The Registered Office: 1st Floor, 32 Cornhill, London EC3V 3SG, United Kingdom.
  • AT Global Markets LLC is a Limited Liability Company in Saint Vincent and the Grenadines with company number 333 LLC 2020. The Registered Office: 1st Floor, First St. Vincent Bank Bldg, James Street, Kingstown, St. Vincent and the Grenadines.
  • ATFX Global Markets (CY) Ltd is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) under the license no. 285/15. The Registered Office: 159 Leontiou A' Street, Maryvonne Building Office 204, 3022, Limassol, Cyprus.
  • AT Global Markets Intl Ltd is authorized and regulated by the Financial Services Commission with license Number C118023331. The Registered Office: Suite 207, 2nd Floor, The Catalyst, Silicon Avenue, 40 Cybercity, 72201 Ebène, Republic of Mauritius.
 

Kelly Yeung

ATFX.com Representative
Messages
793
In the past, gold was considered the most sought-after metal among other precious metals, due to its combination of two basic values, namely the cultural and financial value. Gold has been an integral part of the world currency valuation during the twentieth century, as it was pegged to the US dollar until 1970.

Gold has always caused controversy and enthusiasm among investors in the global financial markets, given that trading in safe gold is considered compared to other financial commodities, so it is called by investors and traders the title of "safe haven" as gold has been able to maintain its position in the global markets by preserving for its value over the years and helping people build their fortunes from one generation to the next.

Although gold is always safe, there are some factors that affect the price of gold, including:
  • Central banks: As gold is closely linked with the interest rate of central banks through the various monetary policy decisions they take.
  • Jewellery industry and demand: The gold jewellery industry is still a big reason for increasing the demand for gold, so the price of gold increases due to the increase in demand for it by many different industries, and vice versa, the price of gold is affected if the demand for the yellow metal decreases.
  • Dollar: where gold is closely related to the price of the dollar in all its conditions, whether it is rising or falling.
  • Economic and political crises: Gold is used in periods of financial stress and political crises as a safe investment, as it has succeeded in preserving its value considering those crises.
  • Inflation: As gold becomes a stronger tool in cases of large inflation and recessions, so investors turn to it as a haven.
In addition to these factors, you should also choose a reliable broker with licenses from various regulatory bodies, as well as a broker that provides all services to support clients in various ways during their trading journey, to ensure that they enjoy an unparalleled trading journey.

ATFX is a co-brand shared by a group entities including:
  • AT Global Markets (UK) Ltd is authorized and regulated by the Financial Conduct Authority (FCA) in the United Kingdom with registration number 760555. The Registered Office: 1st Floor, 32 Cornhill, London EC3V 3SG, United Kingdom.
  • AT Global Markets LLC is a Limited Liability Company in Saint Vincent and the Grenadines with company number 333 LLC 2020. The Registered Office: 1st Floor, First St. Vincent Bank Bldg, James Street, Kingstown, St. Vincent and the Grenadines.
  • ATFX Global Markets (CY) Ltd is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) under the license no. 285/15. The Registered Office: 159 Leontiou A' Street, Maryvonne Building Office 204, 3022, Limassol, Cyprus.
  • AT Global Markets Intl Ltd is authorized and regulated by the Financial Services Commission with license Number C118023331. The Registered Office: Suite 207, 2nd Floor, The Catalyst, Silicon Avenue, 40 Cybercity, 72201 Ebène, Republic of Mauritius.
 

Kelly Yeung

ATFX.com Representative
Messages
793
The lull in GBP/USD continues to dominate, and if it lasts this whole week, GBPUSD would have been trading sideways for a full month. From a trend-following perspective, the lull is both good and bad.

It is bad because trend-following strategies lose money in these conditions. But it is good because the longer the price remains trapped in a range, the stronger tends the reaction be when a trend finally forms, allowing trend-followers to make strong gains.

The levels I am watching are the March 1, 3, 12, and 18 highs at 1.4007, and the 1.3792 level, the price bounced from the latter level on March 5 and 8, and 16. The difference between 1.4007 and 1.3792 is 215 pips.

As the consolidation over the last three weeks is in the form of a rectangle pattern, a break to the upper level of the pattern suggests that the price might be able to reach 1.4222, whilst a break to the lower level at 1.3792 suggests the price might be able to reach 1.3577. The trading pattern itself is neutral, meaning that the price might break either way.

However, if we look at the general positioning on the futures markets, then we see a trend change, as few and fewer are bearish the USD. The less bearish view on the USD was linked to the high in GBP/USD and EUR/USD earlier this month.  Given that the USD was the most oversold in 11 years, I think their outlook remains upwards for the USD, and hence downwards in GBPUSD. What is your take on GBPUSD? Interact with Alejandro Zambrano via Twitter.

GBP/USD Six-hour Chart
bl5805_1_5.png


Written by Alejandro Zambrano, ATFX Global Chief Market Strategist

ATFX is a co-brand shared by a group entities including:
  • AT Global Markets (UK) Ltd is authorized and regulated by the Financial Conduct Authority (FCA) in the United Kingdom with registration number 760555. The Registered Office: 1st Floor, 32 Cornhill, London EC3V 3SG, United Kingdom.
  • AT Global Markets LLC is a Limited Liability Company in Saint Vincent and the Grenadines with company number 333 LLC 2020. The Registered Office: 1st Floor, First St. Vincent Bank Bldg, James Street, Kingstown, St. Vincent and the Grenadines.
  • ATFX Global Markets (CY) Ltd is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) under the license no. 285/15. The Registered Office: 159 Leontiou A' Street, Maryvonne Building Office 204, 3022, Limassol, Cyprus.
  • AT Global Markets Intl Ltd is authorized and regulated by the Financial Services Commission with license Number C118023331. The Registered Office: Suite 207, 2nd Floor, The Catalyst, Silicon Avenue, 40 Cybercity, 72201 Ebène, Republic of Mauritius.
 

Kelly Yeung

ATFX.com Representative
Messages
793
LONDON, March 29, 2021 - ATFX Connect partnered with oneZero several years back to enhance their FX & CFDs liquidity pricing through the oneZero EcoSystem infrastructure. The oneZero Hub provides ATFX with flexible and adaptable trading technology for multi-asset class execution, distribution and analytics.

bl5688_atfx_connect_image.jpg

ATFX Connect Enhances Their Liquidity Offering With OneZero Technology

ATFX Connect has now reached a broader client base with the help of oneZero's services. Over the past 12 months, there has been a steady increase in our trading volumes thanks to the simple integrations with other third-party platforms.

Wei Qiang Zang, ATFX's CEO, said:
"The oneZero Hub provides ATFX Connect with a flexible, robust technology solution that supports our deep liquidity pools and tailor-made packages designed for our corporate clients. We will continue to work closely with oneZero to help ATFX expand its Institutional business and capture market share by offering clients a broader range of financial instruments."

ATFX Connect, the institutional arm, focusing on Hedge Funds, Family Offices, B2B, Asset Managers, HNW's, and spread betting accounts. The multi-access platform caters for clients who wish to trade on an Agency, Margin or Bridge account via a Fix API or GUI.

The oneZero Hub supports Institutional clients, providing them with access to Spot FX, Precious Metals and CFD's. The flexible infrastructure enables ATFX to manage aggregation, pricing and allows connectivity into third-party platforms with greater ease.

ATFX Connect also allows clients to choose between multiple post-trade regulatory vendors that are part of the oneZero Ecosystem, enabling reporting in various jurisdictions. The oneZero EcoSystem also includes banks and over 200 retail and institutional brokers who distribute liquidity and offer direct market access to exchanges and clearing providers.

The flexibility of oneZero gives us complete control of aggregation, pricing and risk management, enabling us to customise and tailor our liquidity streams to match our clients' expectations.


ATFX Connect
Back in 2019, ATFX stepped into the Institutional arena with the launch of its Multi-Access platform ATFX Connect. The management's vision was to expand the broker's global presence and continue to provide award-winning liquidity and customer service to clients within the Institutional community. With the focus on the professional Investor, the ATFX Connect platform is designed to provide an efficient automated trading venue that delivers tailored liquidity solutions to Hedge Funds, Asset Managers, Brokers, Private Banks, and other financial institutions.


ATFX
ATFX is an award-winning FX/CFD broker with a global presence and offices around the world, offering customer support in over 15 languages.

With over 200 tradable financial assets, including forex, cryptocurrency, precious metals, energy, indices, and shares traded as CFDs, ATFX is regulated by the UK's Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC) in Cyprus, the Financial Services Commission (FSC) in Mauritius, and the Financial Services Authority (FSA) in Saint Vincent and the Grenadines.


Media Contact
Matthew Porter
Tel: (44) 020 3917 8705
Source: ATFX Connect


ATFX is a co-brand shared by a group entities including:
  • AT Global Markets (UK) Ltd is authorized and regulated by the Financial Conduct Authority (FCA) in the United Kingdom with registration number 760555. The Registered Office: 1st Floor, 32 Cornhill, London EC3V 3SG, United Kingdom.
  • AT Global Markets LLC is a Limited Liability Company in Saint Vincent and the Grenadines with company number 333 LLC 2020. The Registered Office: 1st Floor, First St. Vincent Bank Bldg, James Street, Kingstown, St. Vincent and the Grenadines.
  • ATFX Global Markets (CY) Ltd is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) under the license no. 285/15. The Registered Office: 159 Leontiou A' Street, Maryvonne Building Office 204, 3022, Limassol, Cyprus.
  • AT Global Markets Intl Ltd is authorized and regulated by the Financial Services Commission with license Number C118023331. The Registered Office: Suite 207, 2nd Floor, The Catalyst, Silicon Avenue, 40 Cybercity, 72201 Ebène, Republic of Mauritius.
 

Kelly Yeung

ATFX.com Representative
Messages
793
The name of the popular trading platform MetaTrader 4 or MT4 is always repeated among traders and investors in the global trading markets, which is considered one of the best platforms ever to trade forex in the global markets, and most financial brokerage firms often offer it to traders by opening a forex account through them so that traders and investors start in The trading process, but the question remains, why is the MetaTrader 4 trading platform so popular?

The MetaTrader 4 platform is preferred by most traders and investors around the world due to its simplicity and ease, as well as it allows many tradable commodities such as oil CFDs, European and American stocks, various currencies and also digital currencies in addition to various precious metals of gold and silver.

Features of the MetaTrader 4 trading platform
  • The MetaTrader 4 or MT4 platform is simple and very easy for beginners as they will not find it difficult to execute any daily trades.
  • Suitable for all beginners to professional traders.
  • It helps the user to trade with ease with one click.
  • Work with special and built-in indicators.
  • A comprehensive technical analysis for all global indicators.
  • Monitor price trends for all currencies.
  • Provide a safe system for trading.
  • Available in various languages to suit all traders from around the world.
  • Available on all iPhones and Android devices.
  • Provides economic and financial news.
  • The world's most famous trading platform can also be used through various mobile phones and the web, which in turn saves time and effort for traders and investors from around the world.
  • MetaTrader 4 for mobile phones: The MetaTrader 4 platform allows trading at any time and from anywhere through the mobile application that works with all operating systems of IOS and Android devices.
  • MetaTrader 4 for web: The platform also provides a web version that works through all the most popular browsers in the world.
The relationship of the MetaTrader 4 platform and the brokerage firms

To trade through the MetaTrader 4 platform, you must first open a forex account to be in the global trading markets in an actual and real way, and this is done through various brokerage companies that enable you to open a trading account by choosing the account type, registering and then activating your account.

To open a forex account, you must know the different types of trading accounts available through brokerage firms.

Demo account: The demo account is one of the safe trading methods, which in turn enables you to trade in the global markets, whether trading currencies, stocks, indices, gold, oil, digital currencies and others without exposing your primary capital to risk. It also enables the novice trader to learn how to trade in the forex market and the professional trader to try different strategies to get a good trading experience.

Real account: through it, real trading takes place in the global financial markets, and the win and loss cases are 100% real, unlike the demo account.

After you have determined the type of account that you want to trade through, you must choose a reliable financial brokerage company that has a good reputation and holds international licenses, and then study the market well by following up all the basic and technical analyzes and also follow up all political and economic news affecting global markets in addition to The importance of determining a trading strategy that suits you and determining entry and exit points before trading through the various deals.

How to choose the right trading broker to open a forex account

Choosing a trading broker when opening a forex account is not easy, so you should search and choose the best broker to ensure your support and provide all your needs to facilitate the process of trading within the global financial markets, so you have to review a few points before choosing the financial broker you wish to trade through.
  • The trading platforms used.
  • Licenses.
  • Support service.
  • Brokerage company terms and conditions.
  • The spread.
  • Methods for withdrawal and deposit.
  • Leverage and margin.
Therefore, you should carefully check and study before choosing the brokerage company that suits you and that guarantees you a profitable trading journey by providing the best trading platforms in the world and providing the best services to support you and provide all your needs during your trading journey to ensure your entry into the global financial markets in a professional way.

ATFX is a co-brand shared by a group entities including:
  • AT Global Markets (UK) Ltd is authorized and regulated by the Financial Conduct Authority (FCA) in the United Kingdom with registration number 760555. The Registered Office: 1st Floor, 32 Cornhill, London EC3V 3SG, United Kingdom.
  • AT Global Markets LLC is a Limited Liability Company in Saint Vincent and the Grenadines with company number 333 LLC 2020. The Registered Office: 1st Floor, First St. Vincent Bank Bldg, James Street, Kingstown, St. Vincent and the Grenadines.
  • ATFX Global Markets (CY) Ltd is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) under the license no. 285/15. The Registered Office: 159 Leontiou A' Street, Maryvonne Building Office 204, 3022, Limassol, Cyprus.
  • AT Global Markets Intl Ltd is authorized and regulated by the Financial Services Commission with license Number C118023331. The Registered Office: Suite 207, 2nd Floor, The Catalyst, Silicon Avenue, 40 Cybercity, 72201 Ebène, Republic of Mauritius.
 

Kelly Yeung

ATFX.com Representative
Messages
793
Silver prices have just crashed to levels we have not seen since December, and there is a heightened risk we could see even lower prices in the weeks ahead. Driving silver prices lower are a strong dollar and higher US government bond yields.

Was it evitable?
Already on Thursday last week, silver prices tried to trade lower, but the bears’ attack was swiftly crushed. Today, it looks like they have succeeded in triggering a large descending triangle pattern with a target of 22.64.

The descending triangle was in the making since January 28. On that day, the price bounced from 24.81, and it also bounced from the same level on March 5. A downward sloping trend line goes via the February 25 and March 18 highs. The horizontal level and the trend line form the triangle, and it says that as long as the price does not trade firmly back into the triangle pattern, the price could reach 22.64. I think the March 26 high of 25.27 is probably as high as the price can trade before the pattern is void.

If we look at the short-term levels, traders will probably hold off with shorting at current levels. They will probably wait for a correction to at least 24.53 before turning bearish once again.

bl5805_image.png


What is driving silver prices lower?
The dollar’s strength is probably the single factor that is driving silver lower. The dollar index is now back at levels seen in November 2020. The reason for the dollar turning higher is that people are lifting US government bond yields from their record lows, as people now see a future without Covid-19. Also, the large US fiscal deal is increasing the likelihood of inflation down the road, and that also lifts yields, making it expensive to hold silver and gold.

What is interesting is that people will usually buy silver and gold to hedge against inflation. But today the focus is on the dollar. One explanation could be that positioning in the futures markets was extremely bearish until recently, with speculators not being this short of the USD for more than 11 years. Also, relative growth and inflation trajectory looks to top the European economy, which will put pressure on the EURUSD, and this should further depress silver prices.

Written by Alejandro Zambrano, ATFX Global Chief Market Strategist

ATFX is a co-brand shared by a group entities including:
  • AT Global Markets (UK) Ltd is authorized and regulated by the Financial Conduct Authority (FCA) in the United Kingdom with registration number 760555. The Registered Office: 1st Floor, 32 Cornhill, London EC3V 3SG, United Kingdom.
  • AT Global Markets LLC is a Limited Liability Company in Saint Vincent and the Grenadines with company number 333 LLC 2020. The Registered Office: 1st Floor, First St. Vincent Bank Bldg, James Street, Kingstown, St. Vincent and the Grenadines.
  • ATFX Global Markets (CY) Ltd is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) under the license no. 285/15. The Registered Office: 159 Leontiou A' Street, Maryvonne Building Office 204, 3022, Limassol, Cyprus.
  • AT Global Markets Intl Ltd is authorized and regulated by the Financial Services Commission with license Number C118023331. The Registered Office: Suite 207, 2nd Floor, The Catalyst, Silicon Avenue, 40 Cybercity, 72201 Ebène, Republic of Mauritius.
 

Kelly Yeung

ATFX.com Representative
Messages
793
ATFX announced that they had been named the Best LATAM Region Broker at the seventh annual ADVFN International Financial Awards.

bl5688_1_1.png


ATFX was awarded by a panel of judges from ADVFN, a leading global stocks and shares information website. The broker was among 56 companies and individuals who received various awards for having the best products and services in each category.

The award reflects ATFX’s commitment to providing the best possible trading services to its clients in the LATAM region.

The broker has a fully operational office in Mexico dedicated to serving its clients in the Latin America region and has hired qualified staff from the region.

ATFX has committed significant resources to ensure that its LATAM clients get the best services from a local team that understands their needs and can help make their trading experience the best.

The broker understands that its business model of having local teams in each region serving its clients is quite costly up front, but the long-term payoff will be worth it given that our clients will find a home with us.

ATFX is also committed to educating its clients on how to trade the markets, which is why it offers some of the best educational resources compared to other brokers. The firm also hosts frequent webinars with trading experts who educate its clients on trading the markets.

Today’s award is a culmination of all the different steps taken by the broker with the ultimate goal of making sure its clients have the best trading experience.

As a non-dealing desk broker, ATFX does not profit from its clients’ losses, which is part of the broker’s commitment to its clients. The broker does everything in its power to stack the deck in its clients’ favour because it wins when clients win.

The ATFX Representative from Mexico commented that:
“The award shows that other industry experts have noticed our commitment to providing the best trading services to our clients in the LATAM region and globally. ATFX’s business is built on our core philosophy of placing our clients’ needs above everything else. To ensure that our clients have the best possible trading experience, we focused on two key areas: trading services and our customer service. We serve our LATAM clients in their local language and ensure that they get the best trading services possible.”

“We would not have won this award without our LATAM clients and the trust they place in us to serve them as their FX and CFDs broker. We want to thank them for their continued support and reassure them that we will keep working hard to improve our services.”

The award was evidence of ATFX’s continued commitment to providing world-class products and services to traders and investors worldwide.

End
ATFX.com

Legal: AT Global Markets Intl Ltd, Company Number 157819 is licensed by the Financial Services Commission as an Investment Dealer (Full Service Dealer, excluding Underwriting, License Number C118023331) pursuant to Section 29 of the Securities Act 2005. The Registered Address: Suite 207, 2nd Floor, The Catalyst, Silicon Avenue, 40 Cybercity, 72201 Ebène, Republic of Mauritius.

HIGH-RISK INVESTMENT WARNING: CFDs and Margin FX are leveraged products that carry a high level of risk to your capital. Trading is not suitable for everyone; losses can exceed deposits. You should only trade with money you can afford to lose. Please read the full Risk Disclosure Policy.
 
Top