News - Purple Trading

Coronavirus and markets in the week from 19/5 – 25/5/2020

26-05-2020

Any news on the development of the coronavirus vaccine is an expected injection for financial markets. The news came yesterday when another company (Novavax) announced the start of human testing. Currencies are also supported by progress in easing of the lockdown measures . . .

Brexit in the week from 18/5 – 24/5/2020

25-05-2020

No official negotiations on the Brexit trade agreement took place last week. The next round of talks is scheduled for the first week in June. The attention was thus focused on economic data, which showed a strong increase in the number of unemployed and a record decline in . . .

Coronavirus and stock indices in the week from 14/5 – 20/5/2020

21-05-2020

Although the NASDAQ 100 set a new high last week and is marching to an all-time high, other indices are currently moving more in a side trend. The VIX fear index has dropped to 29 points, but it is still well above the average value of around 15 points, indicating . . .

Experienced Retail client classification

20-05-2020

Recently, a Komisja Nadzoru Finansowego of Poland (KNF) has introduced a new category of retail clients for which lower margin requirements are applied. This category is called Experienced Retail Client (ERC) and clients who would want to classify as one will have to meet . . .

Coronavirus and markets in the week from 12/5 – 18/5/2020

19-05-2020

At the end of the week, optimism prevailed in the markets that the economic recovery could be faster than expected in response to reports of a successful coronavirus vaccine test by Moderna company. Experts expect that the vaccine could be available within 12 months. As a . . .

Brexit in the week from 11/5 – 17/5/2020

18-05-2020

Last week, another round of talks on the EU-UK trade agreement took place, where no significant progress was made again. With only one and a half months remaining to a deadline for a possible extension of the transition period, which the UK government still continues to . . .

Coronavirus and stock indices in the week from 7/5 – 14/5/2020

14-05-2020

The German stock index DAX has been declining for the last 3 days and the fear index VIX has reached 35 points. A lower high has formed on the SP 500 index, which may be the first signal that the growing movement we have had since March 19, 2020, might stop. Nervousness in . . .

Coronavirus and markets in the week 5/5 – 11/5/2020

12-05-2020

The total number of coronavirus infections has already exceeded 4.3 million worldwide. The positive news is that the daily increase in newly infected cases is slowly declining. The reproduction number reaches a value of 0.93. A number below 1 means that the infection is . . .

Interview with Radka from Customer Support

11-05-2020

The head of our Customer Support department answered questions about the work her and her team does and what they do to make every client of Purple Trading happy.

Interview with Strategy Provider - Turtle

11-05-2020

9 years ago he started he started trading on the Forex market. What was his goal? How did he get here? Why did he started cooperating with Purple Trading?