OnFin

Expert channel about
📰 market and fintech news,
🖊financial literacy,
📊 investments and trading on exchanges.

[OnFin @ecn_en]

🐰📈 Important notice for our traders!

📢 In light of the upcoming Easter holiday, we want to inform you on changes to the trading schedule:

📅 March 29, 2024: Forex, Crypto, CFD Shares RU - trading will proceed during normal hours. Trading for other instruments will be closed.

📅 April 1, 2024: ASX200, CAC40, DAX40, FTSE100, IBEX35, HK50, EuroStoxx50, CFD Shares UK, CFD Shares DE, CFD Shares Asia - trading will be closed. Other instruments will be traded during normal hours.

Plan your trades ahead and consider these schedule changes!

📝💼 Our team is here to answer your questions. We're operating as usual.

[OnFin @ecn_en]

🔧 Website Maintenance Notification! 🔧

🛠 Important: We will carry out technical maintenance on the https://t.co/In0PDaFvtc website. On March 27 from 06:00 till 06:30 UTC and March 28 between 21:00 and 00:00 UTC, access to the site may be restricted, while some of the platform’s features may be unavailable.
Please, plan your trading schedule accordingly. Our team remains available to assist with any inquiries.

Thank you for your patience and understanding! 🙏

[OnFin @ecn_en]

Financial Forecast of the Week. Final estimate of US GDP for Q4 and PCE core index 📈

🗓 Monday, March 25. The dollar may get support thanks to the speech of Fed representative Rafael Bostic. Based on the last speech of the head of the FRB Atlanta, he takes a moderately hawkish stance, so his speech today may support the US dollar.

Also during the US session, the data on the volume of home sales will be published. A high result usually strengthens the US dollar.

🗓 Tuesday, March 26. Data on durable goods orders in the United States will be released. According to preliminary forecasts, the indicator will show positive dynamics.

In addition, the indicator of consumer confidence in economic development will be released on Tuesday.

🗓 Wednesday, March 27. Australian inflation statistics will be released. The indicator is expected to accelerate to 3.6%.

Also on this day will be published data on the mood in the eurozone economy and consumer confidence. In general, a slight increase in the indicators is expected.

🗓 Thursday, March 28. Australian and German retail sales data will be released in the morning, as well as UK GDP.

Later, the final estimate of US GDP growth for Q4 2023 will be released.
Also on this day we will learn the volume of pending residential sales in the US. The indicator is expected to support the dollar.

🗓 Friday, March 29. The United States will release the core PCE index, an important inflation indicator closely monitored by the Federal Reserve, at the end of the workweek. In January, the annualized core personal consumption expenditures index fell to 2.8%. The index has declined for 6 months in a row, but most experts believe that this dynamics may stop and the index will consolidate at the January level.

💹 The news background this week will be suitable for profitable trades. Follow the news with https://t.co/In0PDaFvtc!

[OnFin @ecn_en]

Top up your account with Visa and Mastercard cards

Important news for https://t.co/In0PDaFvtc traders! 🌍✨
We are pleased to announce a new expansion of our payment processing services! Now you can conveniently fund your https://t.co/In0PDaFvtc account using Visa and Mastercard cards.
No commissions, no restrictions on the number of transactions - just your comfort and freedom in trading ✨

💡 How does it work?
❶ Go to your profile and select "Deposit Funds".
❷ Enter your card type (Visa/Mastercard) via "Payment Cards" and select "EMBpay" or "B2CARD" from the list below.
❸ Fill in the deposit information and confirm the transaction.
Funds will be quickly credited to your account and you can start trading right away!

🚫 Attention: this method is not available for customers from Afghanistan, Algeria and other countries specified in the list.

We strive to make your trading process as convenient and efficient as possible. We hope this update will be a pleasant and useful addition to your trading experience with https://t.co/In0PDaFvtc!

👉 Join us and expand your trading opportunities with the new deposit method!

[OnFin @ecn_en]

Trading #GOLD, known since ancient times, has evolved with exchanges and online platforms, offering the potential for stable profits. Key features include peak liquidity between 15:00 and 23:00 UTC +3 time, making the New York session popular for trading. Gold's trending nature allows traders to buy or sell based on previous highs and lows, making it a low-risk strategy suitable for both beginners and experienced traders.

Gold acts as a safe haven, rising during geopolitical uncertainty, protecting liquid assets. Industrial and commercial demand, especially in medical and technical sectors, influences gold prices due to limited global supply. Central banks buying gold signals potential currency devaluation, impacting traders' decisions. Interest rates also play a crucial role, with gold prices rising when US interest rates fall.

Analyzing real interest rates can identify buying opportunities, especially for long-term trading. Typically, when interest rates surpass 2%, gold prices decline, suggesting a selling opportunity for XAUUSD.

XAUUSD movement differs from currency pairs, influenced by intraday activity and geopolitical changes.

Understanding these nuances allows traders to develop unique strategies for profitable outcomes. In conclusion, trading #XAUUSD requires adapting to its distinctive characteristics, offering the potential for better profits than in ancient times.

[OnFin @ecn_en]

‍Daylight Saving Time. From March 11 to March 29, the trading schedule will change

For the next three weeks - from March 11 through the end of the trading session on March 29 - the trading hours will be moved back one hour.

This weekend, on Saturday night through Sunday, the U.S. will switch to daylight saving time. In Europe, the clock change will take place only three weeks later - on the night of March 30-31. Because of this difference, trading schedules will be temporarily changed.

Trading schedule from March 11 to March 29

DowJones30, Nasdaq100, S&P500, WTI, NGAS, Metals – 00:05 am -11:55 pm EET
ASX200 – 00:50 am -07:30 am EET, 08:10 am-10:00 pm EET
Brent – 02:05 am -10:55 pm EET
CFD Stocks US – 3:30 pm - 10:00 pm EET

Trading schedule from April 1

DowJones30, Nasdaq100, S&P500, WTI, NGAS, Metals – 01:05 am - 0:00 pm EET
ASX200 – 01:50 am - 08:30 am, 09:10 am - 11:00 pm EET
Brent – 03:05 am - 11:55 pm EET
CFD Stocks US – 4:30 pm - 11:00 pm EET

Otherwise the trades will be held as usual. This schedule may still change, but we have given you the most important things. We hope it will help you in planning your trades!

[OnFin @ecn_en]

‍🌷 Dear ladies, Happy March 8! ❤️

We wish you a great day, happiness, joy and many bright moments.

👩‍💼 Women have always been an important part of the financial markets, from working in the first banks and stock exchanges, especially during the Second World War. Despite the fact that women were only allowed to work on the London Stock Exchange 50 years ago, many of them have achieved great success in trading.

📈 At last count, there are only about 10% of women in the market now, but their share is constantly growing. Here are some inspiring stories:

🌟 Tracy Britt Cool grew up and worked on a farm and then went to Harvard and thanks to her talent and perseverance, she took a high position at Berkshire Hathaway where she was highly regarded by Warren Buffett. She is considered one of the likely successors to the company's CEO.

🌟 Jennifer Phang, a star of the financial world and an expert on the energy and agricultural sectors, has made an impressive career path from an ordinary trader at Bank of America to a vice president at Morgan Stanley. Today, she runs her own hedge fund, Arbalet Capital, with $650 million in assets.

🌟 Linda Raschke, a former market maker, became one of the most successful traders in the world thanks to her own strategy and discipline, which she wrote about in her book. she is now a leading consultant at LBRGroup.

🚀 Talented female traders achieve outstanding results and develop successful strategies. It still takes time to achieve gender balance in trading, but now when online trading and education has become so accessible, there are more and more female traders.

🎉 Congratulations on your holiday! 💖

[OnFin @ecn_en]

‍Cargo transportation through the Suez Canal has become 9 times more expensive

The cost of cargo transportation through the Suez Canal to the Red Sea ports has risen 9 times - up to $6.8 thousand per container. Before the riots organized in the area by the Hussites, it was $750. In addition, the price of bunker fuel and services for insurance of ships have risen. This was reported by the head of the Suez Canal Authority Osama Rabia, whose words are reported by the agency "Prime".

The attacks by the Houthis in the Red Sea are linked to the military conflict between them and Israel and, they claim, are aimed at Israeli ships. The aim is to support Palestinians attacked by Israel in the Gaza Strip. The free movement of ships is not threatened by them, the group's leaders emphasized.

The Islamic countries have repeatedly said that if the Americans support Israel's actions, the conflict will engulf the entire region. However, this has not stopped the United States, which since January, together with Great Britain, has been bombing the facilities of the Houthis on the grounds that the latter pose a threat to the free movement of ships in the Red Sea.

[OnFin @ecn_en]

‍What is equity?

In short, equity is the balance plus the result of open positions on an account. The equity indicator can be found in the trading terminal in the "Terminal" tab.

What is the difference between equity and balance?

Balance is the amount on the trading account, which includes all closed transactions, as well as non-trading operations of deposit and withdrawal. Equity is the amount that includes the financial result of open positions. The parameter reflects the current financial situation on the account and shows what amount will remain on the trader's balance after closing all trades. The parameter changes dynamically simultaneously with the change of the current financial result on all open positions. If there are no open trades on the account, the equity value is equal to the balance.

Why to monitor equity?

The nature of equity changes shows the efficiency, effectiveness and risks of the trading system. A large drop in equity relative to the balance indicates risks, while a rapid rise and fall indicates a large position volume and high volatility. If your equity changes drastically, you should probably reconsider your risk management.

If your equity changes sharply not in your favor, you may need to close some trades early.

Equity cannot be below zero, as this would mean a negative account balance. https://t.co/In0PDaFvtc has a protection against negative balance: when equity approaches zero, the broker automatically closes trades by stop-out. But you should not allow the stop-out level: profitable trades will be closed as well.

To maintain equity at the proper level, it is necessary to minimize risks: avoid deep drawdowns, work mainly on trends. Try to periodically close part of your trades so that the amount of equity is fixed on the balance.

[OnFin @ecn_en]

Evergrande will be liquidated

Chinese real estate developer Evergrande will be liquidated by a Hong Kong court, https://t.co/eUO6L67Uqr reported citing Reuters. The size of its debt, exceeding $300 billion, is the largest in the world, while it failed to reach an agreement with creditors on its restructuring. After this news, the company's shares collapsed by 21%.

The court's decision was motivated by the desire to provide certainty for creditors, the portal specifies. Unsuccessful negotiations on debt restructuring lasted more than two years. According to experts, the liquidation of the company may increase investor pessimism about the Chinese real estate market. In addition, there is a probability that it will be difficult and will take a long time.

One of the most expected events of this week will be the results of the two-day meeting of the Federal Reserve, which starts today. As players believe, the key rate will remain unchanged. It is now at its highest levels in the last 20 years.

[OnFin @ecn_en]

💳 At https://t.co/In0PDaFvtc we believe that everyone should have as many convenient tools as possible to manage their personal finances. That's why we connect different options for deposits and withdrawals. This one will be especially convenient if you already have cryptocurrency wallets.

🌐 Cryptocurrencies that can be used to deposit and withdraw funds from your https://t.co/In0PDaFvtc account are Bitcoin and Tether (USDT TRC20).

How does it work?

Log in to your account on https://t.co/In0PDaFvtc website. Click "Account Actions" -> "Deposit Funds" -> "E-wallets & crypto". Now select the cryptocurrency you want to fund your account with. On the next page, select the https://t.co/In0PDaFvtc trading account you want to fund and click "Generate Address".

⏱️ This address is the one you should transfer funds to within 24 hours and they will be credited to your https://t.co/In0PDaFvtc account. You do not need to specify the amount in advance, all funds will be credited to your account after deduction of the network commission.

Withdrawal works in a similar way: also select "E-wallets & Crypto" and the cryptocurrency you'll use to withdraw funds. In the withdrawal request, specify the amount and the wallet address: it is important to specify the address, a combination of letters and numbers, not a link. As soon as your request is processed, the funds will be transferred to the specified wallet.

If you have any questions, please contact our Support Team at [email protected] 📧

[OnFin @ecn_en]

‍https://t.co/In0PDaFvtc is the Best ECN Broker 2023!

https://t.co/In0PDaFvtc keeps the title of "Best ECN Broker" and won in this nomination, beating more than 200 Traders Union Awards participants providing financial services using ECN technology.

As you know, ECN stands for Electronic Communication Network, a communication network that connects a broker's clients directly to the interbank market. Thanks to this technology, https://t.co/In0PDaFvtc clients can get assets at the best prices and with minimal spreads.

You can open the best ECN account with us at https://t.co/In0PDaFvtc!

The competition for the title of "Best ECN Broker" was exciting and we are proud to be the winners in this prestigious category. Thank you to everyone who voted in favor of https://t.co/In0PDaFvtc, we are glad that you see and appreciate the efforts of our team and the constant growth of our service quality. We appreciate the trust of our clients and promise to continue providing outstanding service.

Here is the full list of award winners and voting details.

This is not the first time we have become the best ECN broker - we won this nomination last year as well.

[OnFin @ecn_en]

Your promo code for +20% bonus at https://t.co/In0PDaFvtc🎄

What's a new year without gifts? Get extra funds on your deposit and earn even more on your trades!

How to do it?

Simply fund your account with 500 USD or mor and contact https://t.co/In0PDaFvtc support with the promo code:

NEWYEAR

Now, an additional 20% will be added to your account replenishment within 48 hours.

🌟The promotion is valid until January 15.

[OnFin @ecn_en]

What has changed on https://t.co/In0PDaFvtc website

Probably you have already noticed, and if you haven't done so yet - hurry up and take a look! We have redesigned the https://t.co/In0PDaFvtc website.

We have worked carefully to make your online experience with us even more enjoyable, comfortable and visually pleasant.

What has changed? Firstly, we have updated the color palette and typography to create a more modern and stylish look. These changes not only give the website a fresh look, but also increase its legibility and accessibility.

Secondly, we revised the navigation, making it more intuitive and easy to use. Now you can quickly and easily find the information or services you need without wasting time searching.

In addition, we updated the layout of the pages to make the content more structured and easy to understand. We have also implemented new features that will make your interaction with the website even more interesting and productive.

We hope you enjoy these changes as much as we enjoyed making them. Your opinion is important to us, so feel free to share your impressions on the new design. Thank you for your support, and welcome to the redesigned site!

[OnFin @ecn_en]

OECD expects global economic growth to slow down

The OECD has worsened its forecast for global GDP growth at the end of this year from 3% to 2.9%. Next year the organization expects this figure to decline to 2.7%, https://t.co/qahziu2t0I reports.

The main reason is the tight monetary policy of regulators, which they have pursued over the past two years. Its consequences will continue to exert pressure on the global economy, along with such negative factors as a decline in international trade and lower confidence in business circles and among consumers. This is stated in the official report of the OECD, published on Wednesday.

According to the organization, the inflation rate in most countries will continue to fall to the target values set by central banks. Next year in OECD countries it is expected to be 5.2% (at the moment this indicator is 7%). In 2025, it is projected to fall to 3.8%.

The main risk factors for the global economy OECD calls the growth of government debt, tense geopolitical situation and weakening of global trade.

[OnFin @ecn_en]

Gold ended the week above $2000

Last week gold finished above $2000 per troy ounce. Quotes showed growth for the second week in a row against the backdrop of falling dollar exchange rate, which is declining due to the expectations of players to soften monetary policy of the Federal Reserve System. Market participants believe that the regulator will end the cycle of raising the key rate and will begin to reduce it by May next year, writes https://t.co/TLw6oB962J.

The fall in the dollar index continued for the second week in a row. Its weakening last week, for which it lost 0.4%, contributed to the weak economic statistics on the U.S. economy. According to the assessment of the chief market strategist of Blue Line Futures Philip Streibl, which is reported https://t.co/TLw6oB962J, such results increase the likelihood that the Federal Reserve will take a softer course. And this, in turn, could be a favorable factor for gold next year.

Commerzbank called last week's statistical data disappointing and expects a rate cut by next summer - then, in its opinion, gold will permanently fix above $2000.

[OnFin @ecn_en]

Forex Advance Class: Best Technical, Fundamental, Sentiment and group study

Date: 9 Dec 2023
Day: Saturday
Time: 10 AM - 5 PM
Place: Section 7 Shah Alam

Number of seats: 30.
To register:
call 60123791045
email [email protected]

Join the telegram https://t.co/rGmb7H8R3J

[OnFin @ecn_en]

Gold prices have risen back above $2000

Gold returned to the $2000 per troy ounce mark, rising by 1.01% to $2000.20 on Tuesday, according to Comex exchange data. In the course of trading, quotations reached the maximum for three weeks - $2007.67. The main driver of growth was the expectation of the imminent completion of the cycle of interest rate increases - in the minutes of the meeting of the Federal Reserve, players saw a cautious attitude of the central bank members to its further increase, according to https://t.co/TLw6oB962J.

As stated in the document, the Fed members are ready to support a rate hike only if the rate of decline in inflation in the United States is insufficient. According to independent trader from New York Tai Wong, such a tone makes it clear that buyers of gold should not yet put too much hope for the continuation of the rally. However, senior market strategist at RJO Futures Bob Haberkorn believes that in the short term the Fed will not raise rates, and this is a favorable factor for the precious metal. https://t.co/VqR9ecvSrw quotes the opinions of experts.

[OnFin @ecn_en]

U.S. stock exchanges rose, European stock exchanges mostly declined

The main U.S. stock indices ended Monday with growth in anticipation of the minutes of the meeting of the Federal Reserve. Dow Jones at the close added 0.58%, S&P 500 - 0.74%, Nasdaq - 1.13%.

Market participants' attention is focused on the publication of the minutes of the October meeting of the Fed, scheduled for today. Most of them expect the regulator to refrain from raising the key rate in December. In addition, it is becoming increasingly likely that he will begin to reduce it by the summer of 2024, https://t.co/qahziu2t0I writes.

On European sites, the mood was not so optimistic - key indices mostly declined after a positive last week. German DAX and British FTSE 100 for the trading session lost 0.11%, only the French CAC 40 rose by 0.18%.

Gold fell 0.22% to $1980.30 per troy ounce on the Comex exchange during the trading session. According to Kitco Metals, the reason is the rise in yields on U.S. government bonds, which is now more interesting to players, reports the agency "Prime".

[OnFin @ecn_en]

Trading hours schedule for the 2023 US Thanksgiving Holiday

On Thursday this week, November 23, the United States will celebrate Thanksgiving Day. Some exchanges will be closed or will close early, and trading hours for a number of instruments will change slightly (EET time):

23 November 2023

Metals, NGAS, WTI – closes at 21:30
Brent – closes at 20:30
DAX40, FTSE100 – closes at 23:00
S&P500, Nasdaq100, DowJones30, Nikkei225 – closes at 20:00
CFD on US shares – closed

24 November 2023

Metals, NGAS, WTI – closes at 20:45
Brent – closes at 22:00
S&P500, Nasdaq100, DowJones30, Nikkei225 – closes at 20:15
CFD on US shares – closes at 19:00

For other instruments, the schedule remains the same as it was. Be attentive and plan your trades during this period taking into account the new schedule.

We wish you successful trading!