CFD stands for ‘contract for difference’. It is a derivative which makes speculating with a small deposit easy. CFDs are directly negotiated financial instruments. As unregulated derivatives they allow traders to take advantage of prices moving up or down on underlying financial assets.
FxPro is an online site which has been offering useful tools for internet trading operations for the past 10 years. FxPro aims to help both private investors hoping to find a comprehensive trading programme, and professional investors with its FxPro Invest programme which provides services such as portfolio management and access to the FxPro SuperTrader platform.
The new Labour mayor of London, Sadiq Kahn, won a clear municipal mandate with 56.8% of votes against Zac Goldsmith, the Conservative candidate. He becomes the first Muslim elected to run an important capital city in the West. He was preceded by Conservative Boris Johnson, a Brexit advocate, who is said to be aiming for the Prime Minister’s job.
Although Brexit (British exit) has been a topic of political conversations in the U.K and in the E.U. for months now, it is now debated with a new feeling of urgency, few days ahead of a referendum organised in the United Kingdom on whether the country should leave the European Union or not.
The drop in crude oil prices seems almost a farce as they reach record lows. Within the context of North Korea’s nuclear testing and the Chinese growth slowdown, we may well ask: Is the current situation the premise of an imminent international financial crisis?