Connect with us

Trading

Why do Forex companies become benefactors?

Published

on

1

Stock market trading and charity – nothing in common?

1

FBS is a broker that will introduce you to the world of good causes!

Forex is one of the best ways to get unlimited profit on the Internet. Nowadays, Forex trading is growing more and more popular: at times of crisis people start looking for new sources of income and, having tried market trading once, they realize how beneficial it is. That is why, a lot of brokerage companies, together with their numerous clients, improve and progress rapidly, drawing unrestricted profit from this magical pot of gold.

Simultaneously, a question of social responsibility arises: some people trade and profit, some people engage in other income-generating activities, but there are always people who are in desperate circumstances and living things that need help. Charity is crucial these days and we need it like air. During these hard times, a company’s success entails a certain responsibility. A thriving business can ease the sufferings of other people, if part of its income is given to charity. Sympathy and understanding, love and kindness – this is what makes us human, not big money.

2

Doing good is easy!

Carrying out charity campaigns is a duty of a successful company. International broker FBS came to this conclusion a couple of years ago and is now actively involved in providing help to people, and more than just financially. What is more, all clients who work with FBS become benefactors themselves! The company forwards part of its own commission on trading to those in need.

First charity campaigns were launched when the company was just at the start of its journey and rising in the Asian region – gifts were sent to foster homes, rehabilitation centers and senior homes in Indonesia in 2013.

2014 was marked by a launch of the “Ramadan” promotion that turned regular. During the campaign, the company transfers all its profit from “Muslim” accounts to charity organizations. Thanks to these promotions, children and adults from Egypt, Tunisia, Jordan, Indonesia and Malaysia have received considerable help.  Everyone in need were provided with food, clothes and gifts, and FBS volunteers themselves visited the сhildren’s fund “Hamba” (Indonesia), the children’s fund for the HIV-positive “POSHE” (Malaysia), the orphan children’s fund “Rumah Ilham” (Malaysia), as well as schools in Tunisia, food closets in Egypt and other organizations.

3

Doing good deeds… together

FBS company services are unchangeably popular in Indonesia – the company has a solid base of loyal customers there, it has received awards signed by the country ministers, for instance, the “Reliable Broker Forex Company in Indonesia and Service Excellent of the year” 2015 supported by the Ministry of the Republic of Indonesia.

In the summer of 2015, when the country was engulfed by smog due to forest fires that threatened people’s lives and health in Indonesia and the neighbouring Singapore, Malaysia and Thailand, FBS company could not just stand by and watch. Such big-scale catastrophes have irreversible impact on the world’s climate. The company volunteers gave out smog-protective masks, medical supplies and plants to clean the air. Over $10 000 was forwarded to aid the victims of the disaster.

The very same year, one of FBS partners took care of rescuing people from drought and the whole village in the Gunung Kidul region of Indonesia was well-supplied with safe drinking water. People could make it through the difficult times without selling their cattle and jewelry.

In general, FBS partners and representatives working in different countries of the world make a great contribution to the cause of charity. They host cost-free dinner events in honour of religious holidays in Malaysia and Indonesia, feed children in the orphanage in Thailand and respond to people’s needs.

Apart from that, FBS draws luxury cars, organizes lotteries and makes its traders’ dreams come true on a regular basis. Just recently, the 1 000 000th client of the company (a citizen of Indonesia) was gifted a Kawasaki Ninja motorcycle that she had always dreamed about!

4

Participation in large-scale projects

A year ago FBS company became a sponsor of the Child’s Dream charity organization that supports deprived children from Thailand, Myanmar, Laos and Cambodia. Healthcare and education are the fund’s key focus areas, and FBS has joined this program to make children smile! This was the start of big projects for the company.

After a while, FBS company initiated cooperation with the World Animal Protection organization that saves and protects both wild and domestic animals. World Animal Protection  representatives are located in Africa, the Asia-Pacific region, Europe, North and South America. This is the most prominent fund that stands against violence towards animals around us and struggles to prevent their sufferings caused by the environment. Animals play an important role in our lives, and FBS is happy to make the world a little better.

5

Sky is the limit

2016 has a lot of charity campaigns in store for FBS, this is just the beginning. Our clients do good deeds together with us! By simply choosing FBS as their broker, they become a part of something good. The company’s success and good deeds are an achievement of the talented leaders, passionate specialists, reliable partners, loyal customers and many other caring people!

Work on Forex starts in a couple of minutes by opening an account, international success and acknowledgement come in years by working devotedly for the benefit of others.

6

Trading

Oil drops on dollar strength and OPEC+ supply expectations

Published

on

Oil drops on dollar strength and OPEC+ supply expectations 1

By Jessica Resnick-Ault

NEW YORK (Reuters) – Oil prices fell on Friday as the U.S. dollar rose while forecasts called for crude supply to rise in response to prices climbing above pre-pandemic levels.

Brent crude futures for April, which expire on Friday, fell 74 cents, or 1.1%, to $66.14 a barrel by 12:45 EDT (17:45 GMT). The more actively traded May contract slipped by $1.08 to $65.03.

U.S. West Texas Intermediate (WTI) crude futures dropped $1.42, or 2.2%, to $62.11. The contract was still on track to be up 4.8% on the week.

The U.S. dollar rose as U.S. government bond yields held near one-year highs, making dollar-priced oil more expensive for holders of other currencies.

“It’s a dicey time – it doesn’t seem like a time to load up on a risk-asset position,” said Bob Yawger, director of Energy Futures at Mizuho in New York, wary of a potential output increase from OPEC and allies at next week’s meeting. Also, the U.S. stockpile report this week showed a surprise build in oil inventories.

Friday’s gains also reflect profit-taking after both Brent and WTI headed towards monthly gains of about 20% on supply disruptions in the United States and optimism over demand recovery on the back of COVID-19 vaccination programmes.

Investors are betting that next week’s meeting of the Organization of the Petroleum Exporting Countries (OPEC) and allies, a group known as OPEC+, will result in more supply returning to the market.

U.S. crude production fell in December, the latest month for which data is available, according to a monthly report from the Energy Information Administration.

Despite talk of tightening fundamentals, the demand side of the market is nowhere near warranting current oil price leves, they added.

U.S. crude prices also face pressure from slower refinery demand after several Gulf Coast facilities were shuttered during the winter storm last week.

Refining capacity of about 4 million barrels per day (bpd) remains shut and it could take until March 5 for all capacity to resume, though there is risk of delays, analysts at J.P. Morgan said in a note this week.

(Reporting by Shadia Nasralla, Additional reporting by Sonali Paul in Melbourne and Koustav Samanta in Singapore; Editing by David Goodman, Louise Heavens and David Gregorio)

Continue Reading

Trading

Bitcoin set for worst week since March as riskier assets sold off

Published

on

Bitcoin set for worst week since March as riskier assets sold off 2

By Ritvik Carvalho and Tom Wilson

LONDON (Reuters) – Bitcoin was headed on Friday for its worst week since March as a rout in global bond markets sent yields flying and sparked a sell-off in riskier assets.

The world’s biggest cryptocurrency slipped as much as 6% to $44,451 before recovering most of its losses.

It was last trading down 1% at $46,671, on course for a drop of almost 20% this week, which would be its heaviest weekly loss since March last year, when fears over the novel coronavirus caused havoc in financial markets.

The sell-off echoed that in equity markets, where European stocks tumbled as much as 1.5%, with concerns over lofty valuations also hammering demand. Asian stocks fell by the most in nine months.

“When flight to safety mode is on, it is the riskier investments that get pulled first,” Denis Vinokourov of London-based cryptocurrency exchange BeQuant wrote in a note.

Bitcoin has risen about 60% from the start of the year, hitting an all-time high of $58,354 this month as mainstream companies such as Tesla Inc and Mastercard Inc embraced cryptocurrencies.

Grayscale’s Bitcoin Trust, which has seen huge inflows amid the heightened interest in cryptocurrencies and manages almost $33 billion in assets, was down 5.5% versus its previous close at $45.63.

The Purpose Bitcoin ETF, which became this month the world’s first exchange traded fund physically settled by bitcoin, last traded at $7.41 versus a net asset value of $9.36.

Its stunning gains in recent months have led to concerns from investment banks over sky-high valuations and calls from governments and financial regulators for tighter regulation.

(Reporting by Ritvik Carvalho and Tom Wilson; editing by Dhara Ranasinghe, Karin Strohecker, William Maclean)

 

Continue Reading

Trading

Sterling knocked back by bond rout and inflation fears

Published

on

Sterling knocked back by bond rout and inflation fears 3

By Joice Alves

LONDON (Reuters) – Sterling fell against a stronger dollar on Friday, retreating from a three-year high touched earlier this week, as a rout in global bond markets sent yields flying and hurt the pound, while the Bank of England warned of inflation risks.

After rising above $1.42 for the first time in three years earlier this week, the pound fell to $1.3890 at 1059 GMT, its lowest since Feb. 18..

Versus the euro, the pound fell 0.1% 87.03, after hitting a 10-day low of 87.30 pence in earlier trading..

Bank of England Chief Economist Andy Haldane warned on Friday of a risk that inflation will prove difficult to keep under control as the economy recovers from the pandemic.

Analysts also attributed sterling’s fall on Friday to a sell-off in bond markets.

Benchmark U.S. Treasury yields vaulted to their highest since the pandemic began, driven by the prospect of accelerating growth and inflation that could trigger a faster rise in interest rates than many expect. Gilt yields also rose sharply on Thursday.

“The aggressive Cable capitulation has seen macro and leveraged players retreating from an increasingly overbought market,” said Jeremy Stretch, head of G10 FX strategy at CIBC Capital Markets.

“The correction came as the UK curve 2-10 flattened by 2bp yesterday and short sterling rallied into the close”.

The pound has strengthened about 2% this year as traders expect Britain’s speedy vaccine roll-out will help the economy rebound from its biggest contraction in 300 years.

Relief over a Brexit trade deal and pushed back expectations for negative interest rates from the Bank of England had also supported sterling.

Sterling was still on track for its fifth consecutive month of gains against the greenback and the euro, with analysts maintaining a positive outlook on the currency.

Sterling knocked back by bond rout and inflation fears 4

(For graphic of Sterling monthly performance – https://fingfx.thomsonreuters.com/gfx/mkt/oakperraqvr/Sterling%20monthly%20performance.png)

(Editing by William Maclean)

 

Continue Reading
Editorial & Advertiser disclosureOur website provides you with information, news, press releases, Opinion and advertorials on various financial products and services. This is not to be considered as financial advice and should be considered only for information purposes. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third party websites, affiliate sales networks, and may link to our advertising partners websites. Though we are tied up with various advertising and affiliate networks, this does not affect our analysis or opinion. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you, or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish sponsored articles or links, you may consider all articles or links hosted on our site as a partner endorsed link.

Call For Entries

Global Banking and Finance Review Awards Nominations 2021
2021 Awards now open. Click Here to Nominate

Latest Articles

Newsletters with Secrets & Analysis. Subscribe Now