Tradeo ceased offering trading services last year in May. Trading and ancillary will not recommence, and the brand/platform will be permanently discontinued.
For the clients with remaining balances, kindly send a withdrawal request through your login or via chat or email. If there are any queries or concerns relating to your account or any other matter, please email us at [email protected]
Gold was up on Monday morning in Asia, with the dollar remaining near multi-month highs. However, continuing concerns about the spread of COVID-19 globally and its impact on the economic recovery turned investors towards the yellow metal.
Gold futures were up 0.28% to $1,788.95 by 12:26 AM ET (4:26 AM GMT). The dollar, which normally moves inversely to gold, was down on Monday but remained near a nine-and-a-half-month high hit during the previous week.
Investors are now looking to the U.S. Federal Reserve’s Jackson Hole symposium, due to take place between Aug. 26 and Aug. 28, for clues on the central bank’s timeline for asset tapering and interest
Ahead of the symposium, Dallas Fed President Robert Kaplan, who is among the Fed officials most supportive of beginning asset tapering soon, said that he might need to adjust that support should the spread of COVID-19’s Delta variant impact the economic recovery.
PayPal Holdings Inc (NASDAQ:PYPL) will allow customers in the UK to buy, sell and hold bitcoin and other cryptocurrencies starting this week, the company said on Monday.
The roll-out, which marks the first international expansion of PayPal’s cryptocurrencies services outside of the United States, could inspire further mainstream adoption of the new asset class.
With over 403 million active accounts globally, the San Jose, California-based company is one of the largest mainstream financial companies to offer consumers access to cryptocurrencies.
PayPal launched cryptocurrency buying and selling in the United States early this year, later enabling customers to use their digital coin holdings to shop at the millions of merchants on its network.
The company hoped its foray into the new asset class would encourage global use of virtual coins and prepare its network for new digital currencies that may be developed by corporations and central banks.
The dollar was down on Monday morning in Asia but remained near its highest level in more than nine months. Commodity currencies like the Australian dollar remained near multi-month lows over persistent concerns about how the continuing spread of COVID-19 globally could impact economic recovery.
The U.S. Dollar Index that tracks the greenback against a basket of other currencies edged down 0.17% to 93.352 by 10:27 PM ET (2:27 AM GMT).
The USD/JPY pair inched up 0.02% to 109.82.
The AUD/USD pair gained 0.40% to 0.7163 and the NZD/USD pair was up 0.34% to 0.6848.
The USD/CNY pair edged down 0.15% to 6.4911 while the GBP/USD pair edged up 0.19% to 1.3647.
The continuous surge in COVID-19 will see the U.S. Federal Reserve conduct its annual Jackson Hole symposium online beginning Aug. 26.
Legal disclaimer: The material does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instruments. UR Trade Fix Ltd accepts no responsibility for any use that may be made of these comments and for any consequences resulting in it. No representation or warranty is given as to the accuracy or completeness of this information. Consequently, any person acting on it does so entirely at their own risk. The analysis does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Past performance does not constitute a reliable indicator of future results and future forecasts do not constitute a reliable indicator of future performance.
It has not been prepared in accordance with legal requirements designed to promote the independence of research, and as such it is considered to be marketing communication. Although we are not specifically constrained from dealing ahead of the publication of our research, we do not seek to take advantage of it before we provide it to our clients. We aim to establish, maintain and operate effective organizational and administrative arrangements with a view to taking all reasonable steps to prevent conflicts of interest from constituting or giving rise to a material risk of damage to the interests of our clients. We operate a policy of independence, which requires our employees to act in our clients’ best interests when providing our services