IMPORTANT MESSAGE - WTI OIL

Dear valued client,

The oil markets have experienced significant volatility during the past few days, and unprecedented pricing.

As an STP broker, the favourable trading conditions we are able to make available to our clients are reliant on the terms set by our liquidity providers. As such we would like to share with you important updates received this evening from our liquidity providers regarding the oil markets.

Please see below changes that will apply should specific triggers be reached:

• Should WTI ( USOUSD) trade below the price $5, clients will be able to close orders only

USOUSD Spot price is derived from a blend of front and second month futures (currently June and July respectively). As we progress towards expiry the Spot pricing is weighted more heavily to the second month, we therefore do not expect negative pricing even if the front month does turn negative near to expiry. In the unlikely event of the USOUSD prices reaching 0, the following steps will be taken:

• The forwarding of pricing/quotes with negative values will not be available to clients, this is to ensure normal functionality of the platforms

• In the unlikely event of the price reaching 0, the liquidity providers will close any open positions at the available market price at that time. Please note that the market price might be negative and so please take any necessary precautions in anticipation of such a scenario

• Pricing of USOUSD will cease. The pricing will be resumed after further review, which will be communicated separately

Due to these unprecedented measures, we would urge all clients to manage their own risks accordingly. If you have further questions, please contact our support team.

Best regards,

Yadix Support Team
Yadix Forex Broker
Telephone: +44(0) 20 3239 6117
E-mail: support@yadix.com
Skype: yadix.forex

Covid-19 Latest Impact on China and USA!

China's economy shrank during first quarter of 2020, for the first time in decades. The world's second biggest economy reduced by 6.8% according to official data released on Friday.

This was also followed with news of a revised death toll of 1,290 in Wuhan, China, an increase of 50%.

Meanwhile, in the USA, President Trump unveiled new guidelines on Thursday designed to help states loosen social distancing restrictions, he told governors it was their decision on when and how to reopen, this is after claiming absolute authority previously.

It seems that Trump is eager to push ahead with attempts to revive the economy slowdown caused by the coronavirus pandemic. During his daily news conference, he said that the new guidelines amount to the start of the country's "rejuvenation”, but left the decision down to local governors.

The markets continue to react to daily news, optimism from the United States and negative data from China, causing many strong moves and new trends to benefit from.

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Best regards,

David Bergman
Yadix Support Team
Yadix Forex Broker
Telephone: +44(0) 20 3239 6117
E-mail: support@yadix.com
Skype: yadix.forex

April 2020 Trading Schedule

Dear valued client,

Please be informed of changes to the trading schedule for April, including the Easter holidays. Please click on the link bellow to review the trading hours schedule and familiarise yourself with the changes.

https://www.yadix.com/forex-trading-community/announcements/April-2020-Trading-Hours.pdf

We are available on WhatsApp +447585424285, so feel free to add us, or email us back so we can find the perfect program for you!

Best regards,

Yadix Support Team
Yadix Forex Broker
Telephone: +44(0) 20 3239 6117
E-mail: support@yadix.com
Skype: yadix.forex
   

Non Farm Payroll Alert

The U.S Non-Farm Payrolls will be released Friday, 03rd April, 2020 12:30 GMT and is a key economic indicator that can cause volatility in the markets.

 

What to Expect this Month?
Tension are mounting as we head towards the US Non-Farm Payrolls. Economists expect the jobs data to show a loss of only 100,000 jobs, the first decline in jobs since September 2010. These figures will not include the impact from the latest lock-downs, as data is taken until 12th March.

The real up-to-date figures of unemployment claims for the week ending 28th March are worse than expectations, growing to 6.648 million, Furthermore, many states are struggling to process the volumes of requests. It looks like the impact of the coronavirus Is taking its toll and the damage to the economy is serious.

The drop in payrolls will be far worse in April, almost certainly exceeding the largest monthly loss recorded during the financial crisis, which was 800,000 in March 2009. The markets have also been alerted since President Trump warned on Tuesday that a painful two weeks ahead in fighting the coronavirus, with even with strict social distancing measures.

Opportunities Around the NFP Reports:
Regardless of the results of the Non Farm Payrolls, the markets always experience moves immediately after the release which offer traders excellent short-term trading opportunities. Positive or negative reports will affect market sentiment which can create new trends and trading opportunities.

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Coronavirus impact is expected to be greater in Q2 2020 that first expected!

In the USA, experts have revised their coronavirus projections, expecting a sharper downturn than originally assumed, with jobless rate topping out at an estimated 15%, a record 34% drop in GDP during Q2 (the worst period in post-World War II history), but also estimating a 19% rebound in Q3.

3.3 million Americans filed for first-time unemployment claims last week, with a further 5.5 million expected in this week’s report on Thursday. The full year forecast are at a 6.2% decline in GDP, the worst the US has experienced. The second-quarter drop is expected to be three time worse than previous lows of 10% set in the first quarter of 1958. The Great Recession low of 8.4% hit the US in the fourth quarter of 2008.

The sharp rebound, is expected to follow however, supported by fiscal and monetary support. Congress already passed a $2 trillion rescue package and it is expected that other measures on the way specifically aimed at supporting state governments. The Fed also has taken interest rates to near zero and has rolled out a number of other programs aimed at supporting the economy.

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It's Time to Claim your March 2020 Rebates

It’s time to claim your March 2020 monthly rebates: 1 pip per lot on Rebate Account or 0.5 pip per lot on Classic Account.

To claim your rebates simply send us an email in between the 1st  and 5th  of each month. Please include your MT4 account number and the number of lots that you have traded.

*Learn more on the new Cash Backs Program – Up to $12 Per Lot!

We are available on WhatsApp +447585424285, so feel free to add us, or email us back so we can find the perfect rebate for you!

Best regards,

David Bergman
Account Manager
Yadix Forex Broker
Telephone: +44(0) 20 3239 6117
E-mail: support@yadix.com
Skype: yadix.forex