Global investment trends: Europe loses capital, China and IndiaReasons for record outflows from European funds (-56 billion dollars)
The main reason for European fund outflows is the slowdown in economic growth of the region. After the energy crisis of 2022-2023, EU economies have never been able to return on a path of sustainable growth. High interest rates, which the European Central Bank continued to keep in place to fight inflation, have had a negative impact on business activity and investment attractiveness.
In the face of such challenges, yields in Europe have become lower than in the US. Moreover, European companies, despite the isolated successful cases, do not have a clear advantage. For example, if we take Germany, which has always been considered to be the flagship of Europe, we can see, that it is clearly losing momentum: plant closures , mass layoffs , and industrial problems are all systematic indicators. Europe currently is a region with a set of isolated appealing ideas, not a place where it is worth investing broadly.
The aforementioned green energy sector, for example, in theory could be Europe's strength, but in practice China offers similar technologies for cheaper, and imposing protective duties is not a long-term solution. Moreover, the energy dependence on Russian gas and current support for Ukraine seem to be policies without a concrete plan for the future. It's precisely why the money is going to the States: everything is predictable there, yields are higher, and the dollar is stronger.
Factors influencing investor behavior
In regards to China in 2024, it started to come back to life after a rather difficult period. China was an ideal investment destination for a long time, thanks to double-digit growth rates. But after the pandemic and a series of crises - such as the mortgage crisis - the pace has slowed and confidence in the market has been shaken. Meanwhile, China's auto industry and a number of other sectors continue to grow . The $130 bln invested in Chinese funds is more the effect of a low base and pent-up demand than a real breakthrough. Yes, China remains an important player, but now with a few caveats: it is no longer the magnet for investment that it used to be.
Reasons for increased demand for Chinese funds (record $130bln in funds this year)
India, on the other hand, looks extremely promising . Since the beginning of 2024, $20 bln has been invested there, which is a record amount. This is due to both structural reforms and the fact that India is perceived as the new China: a fast-growing economy with a huge population. In contrast to China, there is less geopolitical risk, and when investors invest in an Indian company, they are really buying a business, not a political or ideological story.
Comparison of India (+$20bln, the best record of all time) and Brazil (withdrawals -$3.3bln Funds)
It's different with Brazil. 2024 was a year of political turbulence for this country. Municipal elections and fear of populism have caused investors to withdraw money from the country. No one wants Brazil to become a second Argentina. Geopolitical risks are the main reason for capital outflows from Brazil and Mexico.
Forecasts for fund demand next year
Looking ahead to 2025, the US mid-cap, the broad market in India and new opportunities in the Middle East, such as the Emirates , are worth paying attention to. The US will continue to attract investment, especially with its strong dollar and clear politics, and Europe, as it seems, is finally losing its charm.
NSE:NIFTY
TADAWUL:TASI
SX5E trade ideas
EUROSTOXX broke the DownTrend Line.The EURO STOXX 50, which serves as a benchmark for major eurozone companies, has been trading sideways in recent months, fluctuating between a strong support level at 4,730 and resistance at 5,099. After multiple tests of the support, the price has formed candles with long lower shadows, indicating a rejection of lower prices and buyer interest in maintaining levels above this critical point.
Recently, the index provided a significant technical signal by breaking the Downtrend Line that had been in place since previous peaks. This breakout is a strong indicator of potential short-term growth.
Main Scenario: Bullish
With the Downtrend line broken, the price now has the potential to target higher levels on the daily chart. The 5,000.00 area is the first key resistance to watch, followed by the previous peak at 5,099, which would confirm a stronger bullish trend.
Potential Bullish Movement:
Ideal Entry: A pullback to around 4,830.00 (near the broken downtrend line), followed by a bullish candle in that area, could signal a buying opportunity.
Primary Target: 5,015.00.
Secondary Target: 5,099.17.
Stop Loss: Below 4,740, with a more conservative option at 4,727.00 (indicating loss of support).
Important Indicators: Monitoring volume during the rally is crucial; low volume could indicate weakness in the breakout.
Alternative Bearish Scenario
Despite the bullish technical scenario, the market may reverse if the support region at 4,727.48 is broken. A consistent daily close below this level, accompanied by significant volume, would invalidate the bullish structure and could attract strong selling pressure.
In this case, a possible Sell Opportunity could appear if a daily candle closes below the 4,727.00 level. Possible targets would be:
4,500.00: Intermediate psychological and technical support. About 22700 points.
4,400.00: Next relevant support, observed in previous months. About 33700 points.
A Stop Loss could be put around 4,770.00, about 4300 points.
Warning Signs: Heightened global risk aversion, a declining macroeconomic situation in Europe, and ongoing weakness in industrial and consumer sectors could intensify selling pressure.
Macroeconomic Context
Europe faces a tough landscape. Germany, the region's primary economic driver, is grappling with an industrial slowdown and reduced consumption, impacting the competitiveness of its companies. These issues have lowered growth projections for the eurozone.
Additionally, escalating tensions with Russia present a significant geopolitical risk. As the European Central Bank seeks to balance inflation control with growth stimulation, uncertainty in both geopolitical and economic spheres continues to affect the markets.
The upcoming interest rate decision on December 12 may provide clearer guidance on the European Central Bank's future actions.
Disclaimer
74% of retail investor accounts lose money when trading CFDs with this provider. Consider whether you understand how CFDs work and if you can afford the high risk of losing your money. Past performance is not indicative of future results. Investment values may fluctuate, and you may not recover your initial investment. This content is not intended for residents of the UK.
EuroStoxx 50: Sideways StrategiesMarket Context
Recent trading sessions have been marked by expectations regarding the US Federal Reserve 's monetary policies. The market anticipates that the US central bank will adopt a less aggressive stance in its interest rate cuts. This backdrop has boosted the dollar, which has gained nearly 4% from last month's lows, as reflected in the Dollar Index, which measures the currency's performance against a basket of international currencies.
This more consolidated environment has impacted both the Ibex 35 and the EuroStoxx 50, with both indices coming dangerously close to their technical supports. For the Ibex 35, key support lies between 11,560 and 11,600 points, the break of which would indicate a bullish exhaustion.
EuroStoxx Analysis
The EuroStoxx 50 (Ticker AT:EURO50), one of Europe's benchmark indices, is less than 1% away from its first key support, located around 4,900 points, coinciding with the delta buying pressure zones and the checkpoint zone (POC) of the price bell. The proximity to this technical level has generated concern among investors, as a possible breakout could trigger a more prolonged consolidation phase in the European market. Given that the shift of the sideways range will be pronounced for a longer period. Currently the movement between the highs of 5,310.41 and the support marked in February and reinforced in August in the area of 4,669 points. If we follow the current movement, everything seems to indicate that the crossing of the 50-average over the 200-average that began in the last week of September is losing strength. And if we accompany it with the Bollinger bands support the idea that the market seems to be highly lateralized.
Outlook for the EuroStoxx 50
In the case of the EuroStoxx 50, a drop below 4,840 points could lead to a broader price retracement confirmation, and would take the index to the September lows at 4,700 points, which coincides with the lower zone of the sideways range. However, this drop is not necessarily perceived as a negative signal, but as a possible buying opportunity in the European market. As long as the index does not break the September lows, the bias will remain bullish, offering opportunities for investors looking for re-entries in the European market.
Ion Jauregui - Activtrades Analyst
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The information provided does not constitute investment research. The material has not been prepared in accordance with the legal requirements designed to promote the independence of investment research and such should be considered a marketing communication.
All information has been prepared by ActivTrades ("AT"). The information does not contain a record of AT's prices, or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information.
Any material provided does not have regard to the specific investment objective and financial situation of any person who may receive it. Past performance is not reliable indicator of future performance. AT provides an execution-only service. Consequently, any person acing on the information provided does so at their own risk.
European Stock Indices Decline Amid Political UncertaintyEuropean Stock Indices Decline Amid Political Uncertainty
Today, the Eurostoxx 50 index (Europe 50 on FXOpen) has dropped below the early May minimum, reflecting escalating market concerns over the upcoming French elections, as reported by Reuters. Finance Minister Bruno Le Maire's acknowledgment that the current political crisis could evolve into a financial crisis has amplified fears, extending the political risk until June.
How long might this decline persist?
Fundamentally, statements from authorities could calm the markets.
From a technical analysis perspective, the Eurostoxx 50 index chart (Europe 50 on FXOpen) provides clearer insights:
→ Since February, the price has been in an upward trend (shown in blue), but this trend was broken in late May after bouncing off the lower boundary of the channel.
→ This breakdown has led to the formation of a downward trend (shown in red).
→ The lower boundary of the parallel descending channel around 4813 could potentially act as a level where the market finds support after the decline triggered by the political backdrop. However, a false breakout below the April minimum around 4830 cannot be ruled out.
Additionally, the price may find support:
→ Near the 50% Fibonacci retracement level of the bullish impulse A→B around 4760.
→ Around the psychological level of 4800.
On the contrary, resistance may be encountered near the median of the descending channel around 4940 during attempts at recovery.
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KEEP BUYS FOR LONG TERM TARGET AT 6540 WITH EXTENSION TO 6779Price has been expanding on a growth sequence of the square root of 2
From a unit square price expands through a sequence of 1.000, 1.4142, 2.000, 2.828, 4.000...
2020 crash made a low at 2302.84, from this level we have a growth sequence following that of a unit square with variation of Phi
From the low at 2302.84 we've had three tops 3451.16, 4415.23 and 5121.71
(3451.16 - 2302.84) = 1148.32 points = (1.0)
(4415.23 - 2302.84) = 2112.39 points = (2.0)
(5121.71 - 2302.84) = 2818.87 points = (2.828)
Between the first two tops: (4416.23 - 3451.16) = 964.07 pts
The second and third tops: (5121.71 - 4415.23) = 706.48 pts
The two expansion tops combine to give us (964.07 + 706.48) = 1670.66 pts
From the low we then find a growth sequence of 1148.32 and 1670.66 points with the 1670.66 side subdividing into harmonics of 964 - 706
We can then conveniently project the next top to complete at the 4.0 expansion of the unit square and 4.236 Phi function. Since we have a range between 4.0 and 4.236 this will give us the zone 6540 to 6779 to expect the next major top. Adding a time function will greatly reduce the range for a clue when to expect this top. The time measurement on the chart shows a 609, 616, 378 days between major points, next time mark should align with price at the top.
Please check back or follow for updates
Trade safe and good luck
Euro 50 short ideaTechnical Analysis:
A series of lower highs since the peak in March, indicating weakening bullish momentum. The index has recently broken below a significant support level, suggesting further downside potential.
- The current price (4,747.5) is well below the recent high, showing a sharp decline.
- We also see a bearish white swan pattern.
- The wave trend is curving downwards.
- There is a Lorentzian Classification sell signal.
- The z score is negative.
Several fundamental factors support a bearish outlook:
1. Economic Slowdown: The Eurozone is facing economic headwinds, with Germany, its largest economy, experiencing a technical recession in early 2024. This could negatively impact corporate earnings across the region.
2. Monetary Policy: The European Central Bank (ECB) has maintained high interest rates to combat inflation. While this helps control inflation, it can also slow economic growth and make borrowing more expensive for companies.
3. Geopolitical Tensions: Ongoing conflicts and trade disputes globally can increase market volatility and decrease investor confidence in European equities.
4. Energy Concerns: Europe's energy situation remains precarious, with potential supply issues and high prices potentially impacting industrial output and consumer spending.
5. Strong Euro: A relatively strong euro against other major currencies could hurt the competitiveness of European exports, affecting the earnings of many companies in the index.
Estimated SL: 4890
Estimated TP: 4500
This is merely an idea and not a recommendation to take the trade. Your trade, your responsibility, your risk.
STOXX50/ EUROPE 50 Bullish robbery PlanMy Dear Robbers / Money Makers & Newbies,
This is our master plan to Heist STOXX50 / EUROPE 50 based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money.
Entry : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent / Nearest Swing Low
Stop Loss : Recent Swing Low using 2h timeframe
Warning : Fundamental Analysis comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style.
STOXX 50 / EURO 50 Bullish Robbery Plan To Steal MoneyHello My dear,
Robbers / Money Makers & Losers.
This is our master plan to Heist STOXX 50 / EURO 50 Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is Trap / overbought / Consolidation / Trend Reversal at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money.
Entry : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent / Nearest Swing Low
Stop Loss : Recent Swing Low using 2h timeframe
Warning : Fundamental Analysis comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
EU50 to fall fast to 4382After months of bouncing up and down, the EU50 is under severe bearish pressure and it appears that the pressure will continue next week until we hit the Weekly support price area around 4382.
As price consolidated for such a long time, the force of the trend seems to be correlating.
Stop Loss and Take Profit suggestions are labelled on the chart.
What do you think?
EUROSTOXX50: The Bulls Are BackEuropean stocks, led by the EuroStoxx 50, could end the week in positive territory despite a volatile start marked by significant declines. The observed recovery has alleviated recession fears and stabilized the markets, although the EuroStoxx 50 remains in a consolidation phase that has lasted for four months. Recent drops in the index present a buying opportunity, especially if key support levels around 4,396 points are reached.
In the fixed income market, strong purchases are anticipated today, with U.S. bond yields returning to around 4% after dipping below 3.8%. Today, inflation and trade balance data from several Eurozone countries will be released. Notably, the German indicator may suggest an expected increase in inflation. A slight improvement is also anticipated in the production of some Eurozone countries.
Looking at the chart, the market appears to be trying to return to the main trading zone marked by the Point of Control (POC) around 4,984 points, roughly 300 points above the current trading area. If the support at 4,552 points holds, it could signal a recovery in the Eurozone, as represented by this index. The RSI currently shows no excessive strength but does indicate a move back towards the mean with 40.44%, suggesting buyers are returning since August 5th.
Ion Jauregui – ActivTrades Analyst
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The information provided does not constitute investment research. The material has not been prepared in accordance with the legal requirements designed to promote the independence of investment research and such should be considered a marketing communication.
All information has been prepared by ActivTrades ("AT"). The information does not contain a record of AT's prices, or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information.
Any material provided does not have regard to the specific investment objective and financial situation of any person who may receive it. Past performance is not reliable indicator of future performance. AT provides an execution-only service. Consequently, any person acing on the information provided does so at their own risk.
Europe begins recovering the Black MondayIn Asian markets, Japan's Nikkei is up 10% this morning after a historic drop, while Wall Street futures also show stability. San Francisco Fed President Mary Daly calms recession fears, boosting confidence in the direction of inflation. However, investors are cautious, waiting for more signals from central banks.
The European STOXX 600 index is up 0.4% this morning, recovering after hitting six-month lows with a -9.28% drop in just two trading days equivalent to 457.25 European index points. This rise is due to the global recovery and positive corporate earnings updates. Euro STOXX volatility decreases after reaching its highest level since March 2022.
Technology and banking stocks lead the gains, with Monte dei Paschi di Siena up 8.4% and Adecco up 5% despite hiring warnings. Zalando and Abrdn also report significant increases in earnings and operating profits.
We already saw on the 23rd an inverted hammer that precipitated on Friday and Monday with a highly unexpected index correction in Europe, but that could be glimpsed due to the exhaustion of the market in general, and the RSI marked the change of direction to sell. At the moment we have the RSI oversold at 28.87% so it would not be unusual in conjunction with the shape of the current figures, that the price recovers to the channel generated on volumes set around the bell. The current average trading zone is located around 4,972 points, so if the European market shows strength in trade balance and industrial production indexes such as the German one, which are key for the Euro zone, we will see a strengthened EuroStoxx 50 resurging from the current price zone and trying to recover the lost gains of the whole year in just two days. In absolute terms, the index has fallen almost -13% since March.
Ion Jauregui – ActivTrades Analyst
*******************************************************************************************
The information provided does not constitute investment research. The material has not been prepared in accordance with the legal requirements designed to promote the independence of investment research and such should be considered a marketing communication.
All information has been prepared by ActivTrades ("AT"). The information does not contain a record of AT's prices, or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information.
Any material provided does not have regard to the specific investment objective and financial situation of any person who may receive it. Past performance is not reliable indicator of future performance. AT provides an execution-only service. Consequently, any person acing on the information provided does so at their own risk.
Euro Stoxx 50 At Key LevelIts decision time for this index. Price is sitting right at the supporting trendline
and is confluent to the 200 MAV at 4775.
A consistent break here, and we start to look at possible Fibonacci levels of support
The .382 fib level at 4697 is a natural target for any further corrective movement.
Momentum is to the downside with RSI printing 37 on the daily. Since not OS, there is
room to move lower.
LVMH Plummets European Stock MarketLVMH, the luxury giant, reported a 14% drop in its 1H2024 profit, disappointing analysts and dragging down the luxury sector. This caused the Cac 40, the French stock market's benchmark index, to lose more than 1%, led by LVMH's drop of more than 6%. Other luxury giants such as Kering, Hermès, Pernod Ricard and L'Oréal also suffered losses.
This weakness in the luxury sector impacts the EuroStoxx 50, which could drop to 4,600 points, and the Ibex 35, which could fall to 10,500 points. European stock markets, after a good first half of the year, are now facing a significant correction. According to analysts, the Cac 40 failed to hold its key supports, which could lead to further falls in European markets, extending the current consolidation phase and affecting other major indices.
Looking at the chart, the EuroStoxx50 has developed a sideways movement from March 27 to July 15 where the European and US political situation has been reflected in a correction that on July 23 consolidated again with an inverted hammer figure. The checkpoint zone (POC) is located in the 4,988 zone while the current price is located in the 4,782 zone in the direction of the low of 4,542 points. It would not be unusual to see a fall that will correct the price of the European spread until the beginning of September and then return to the control zone.
Ion Jauregui - ActivTrades Analyst
*******************************************************************************************
The information provided does not constitute investment research. The material has not been prepared in accordance with the legal requirements designed to promote the independence of investment research and such should be considered a marketing communication.
All information has been prepared by ActivTrades ("AT"). The information does not contain a record of AT's prices, or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information.
Any material provided does not have regard to the specific investment objective and financial situation of any person who may receive it. Past performance is not reliable indicator of future performance. AT provides an execution-only service. Consequently, any person acing on the information provided does so at their own risk.
EUSTX50 POTENTIAL SELL OPPORTUNITYHello Everyone!
How are you all?
EUSTX50 is an instrument to watch this week, because it has shaped up very nicely for a bearish trend reversal that we can capitalize on.
So, I will be looking for a bearish reversal because of the following reasons:
1. Double top.
2. The price has approached the value area structurally..
3. The price has swept the high and rejected
Game Plan:
If the price pushes down impulsely followed by a 15mins flag with two highs and lows.
Entry : will look for a risk sell entry within the flag or a reduced risk entry on the breakout of the flag.
EUSTX50 POTENTIAL SHORT OPPORTUNITYHello Everyone!
How are you all?
Eustx50 is an instrument to watch this week, because it is shaping up very nicely for a bearish trend continuation that we can capitalize on.
So, I will be looking for a bearish continuation because of the following reasons:
1. The trend is bearish.
2. The price has formed a sell reversal structure.
3. The price has made sell impulse.
Game Plan:
If the price forms 15mins flag with two highs and lows.
Entry : will look for a risk sell entry within the flag or a reduced risk entry on the breakout of the flag.
The Rise Of Europe 50 "What Happens Before a Trend?"🧐Now in this article we are going to talk about
the problem with technical analysis indicators.📈
You see its very difficult to catch the exact bottom
of the beginning of a trend. Even though this is so
We can look at the past and try to understand.."What happens?"
In this chart, we are looking at the RSI Stoch indicator now notice that
at the bottom the two lines crossover each other
That crossover means the uptrend began from that point.
Now again let me remind you that this indicator in this article
we are using it as a lagging indicator
This is because i want to teach you about trend analysis before
you learn how to trade, you need to learn trend analysis
Once you learn trend analysis then you can learn about the
ROCKET BOOST STRATEGY
To learn more about this strategy check out the reference links below.
Disclaimer: Trading is risky you will lose money whether you like it or not please learn risk management and profit-taking strategies.
EUROSTOXX 50 returns to the meanEuropean market stocks rose at the open driven by easing concerns about regional political turmoil in a week that is set to see several central bank meetings, including the Bank of England (BoE). It appears that the call for elections in France makes it easier to believe that Macron's center-left group will have a tough time against the Rassemblement Nationale in the upcoming elections. The outcome of the European Elections on the other hand, has meant that market sentiment towards a conservative and protective drift with the European People's Party in charge of that drift have forced markets to believe that someone is worrying about the political-ideological continuity that Lagarde's Europe currently has. The CAC-40 collapsed last week -6%, one of its worst weekly losses since March 2022. Basically, it is a steep pullback.
The ECB meetings force us to keep an eye on last month's consumer price index, and the figure of 2.6% y/y is expected to be confirmed, up from 2.4% the previous month. Despite the interest rate cut of 25 basis points at the beginning of June, a clear timetable of reductions is not very clear. The central banks of Norway, the United Kingdom and Switzerland are also meeting and the Swiss National Bank, in particular, is expected to apply 25 basis points, as opposed to the previous two, which are expected to keep their rates unchanged. However, as the British bank has a voting system, it is not clear what policy it will take either since last month 7 members voted to maintain and 2 to cut.
It remains to be seen what Piero Cipollone, member of the executive committee at the ECB and the World Bank, will tell us today about the progress of the financial unification of the eurozone and the economic horizon and the green transition and the role of the central bank in this transition. Already in May he was able to give us an insight into his melodramatic ideology about the alleged "Tragedy" looming over Europe in this respect and the opportunities that are not being taken in this respect. We will have to see in which direction he communicates this time.
If we look at the daily chart of the EUROSTOXX 50 (Ticker AT: EURO50), we can see how it has been moving sideways in a long term uptrend. Being that since last week the main stocks of the index have cut their price forcing it to break out of this channel. If we look at the movement initiated yesterday back to the average of this sideways movement, it has remained at the gates in expectation of this week's news and economic results of the stocks that compose it. At the moment, if we look at the RSI, the index is oversold at 41.71%. The shape of the price bell is very much centered on prices around 5028 points, with a low of 4573.06 points and a high of 5130.41 points. It would not be strange to see a recovery to the middle zone and a new attempt to find the highs during this month.
Ion Jauregui - ActivTrades Analyst
*******************************************************************************************
The information provided does not constitute investment research. The material has not been prepared in accordance with the legal requirements designed to promote the independence of investment research and such should be considered a marketing communication.
All information has been prepared by ActivTrades ("AT"). The information does not contain a record of AT's prices, or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information.
Any material provided does not have regard to the specific investment objective and financial situation of any person who may receive it. Past performance is not reliable indicator of future performance. AT provides an execution-only service. Consequently, any person acing on the information provided does so at their own risk.