Thread: Libertex launches Litecoin and Bitcoin Cash margin trading

What is financial scouting?


When referring to the term financial scouting, people mean the searchin for good trading opportunities in the financial market, done both quickly and professionally.
A financial scout or a financial scouting service sets out to find investment opportunities that fully meet a trader's needs, this being their primary task. Such investment opportunities may be both high- and low risk.
Want to know what is the difference between financial scouting and investment advisory? - Visit https://libertex.com/blog/what-financial-scouting

In Europe, All Eyes Are On the G20 Summit
European traders will keep close track of the G20 summit. They wait for potential important statements to be made regarding the global economic outlook, and for agreements to be reached to address the US-China trade war.
On the downside, investors are wary now that the US leader has promised to unleash tariffs on European car imports, so Europe’s carmakers feel downbeat.
Meanwhile, on the positive side, traders’ worries about possible fourth rate hike from the U.S. Federal Reserve were somewhat soothed. The Fed’s chairman Jerome H. Powell made a market-invigorating statement saying that the US economic outlook remains strong, but the Fed might consider a pause in its interest rate hikes next year to assess the impact of its credit tightening. Mr. Powell said the benchmark interest rate was “just below” the neutral level.
Financial scouts note that the two continuing main concerns for Europe are Brexit divorce conditions and the Italy budget standoff. According to new official figures, withdrawal from the European Union under the government’s plans could cut the UK’s GDP by up to 3.9% over the next 15 years, but leaving without a deal could deliver a 9.3% hit to GDP over the same period, says the analysis produced by departments across Whitehall.
Oil will be the focus of interest for the European investors as well, as they hope that the oil prices might be bolstered if OPEC+ members decide to cut the supply to curb the current glut in their meetings from December 5 to December 7.


Ivan Marchena, Libertex Analyst

Which opportunities does financial scouting bring?


When it comes to financial investments, being ahead of the others is a key to success. The drivers influencing the price are constantly changing. This makes it necessary to always monitor both micro and macroeconomics and act fast. As Leo Szilard, a famous scientist, once said, 'In order to succeed it is not necessary to be much cleverer than other people. All you have to do is be one day ahead of them.' This is the best phrase to describe financial scouting, the new service that enables faster trading and gains more profit.


Want to know more about financial scouting? - Visit Libertex.com!

Marijuana Stocks Falls into the Correction Territory

Major Canadian pot stocks were broadly lower, with some prices currently falling by as much as 5 to 6%. The sector has been into the correction territory after soaring in October on recreational cannabis sales rollout in Canada.

Now we see a big share price reversal versus the peak prices. The Sector’s leaders Canopy Growth Corp and Tilray Inc fell by about 50% versus their 12-month highs. And some other key names in the sector like Aurora Cannabis Inc plummeted even lower.

On the positive side, some good news appeared that, as financial scouts note, might refuel buying in the sector. Specifically, first-ever medical cannabis growing licenses were awarded to private businesses. And some more countries like the UK and Germany might possible make marijuana legal as well.

Another big positive news for the marijuana sector companies was that Canopy Growth and some other major cannabis producers have been on the Bloomberg’s 50 Stocks to Watch in 2019 list.

We can expect that given a lengthy correction after the bursting growth in October Canopy Growth (СGС) stocks may be down by $29-30 within the week, while Tilray might drop to $100-105, and Aurora Cannabis Inc, Aphria Inc. and Cronos Group might hit the lows at $4.5-$5, $6.5-$7, and $8.2-$8.5, respectively.

Ivan Marchena, Libertex Analyst

Europe’s Investors on the Sidelines, Eyes on Brexit and OPEC+ Meetings

European investors’ are waiting to know the Brexit talks outcome and the OPEC+ potential oil supply cut decision.
The G20 summit has yielded good news it brought a temporary truce between the U.S. and China, with the U.S. President Donald Trump and the Chinese leader Xi Jinping agreeing that China will not impose new tariffs on the U.S. car imports and so boosting Europe’s carmakers’ stocks.
Meanwhile, European traders are waiting for the Brexit situation to be finally resolved, with some doubts persisting over if the deal will be reached, with no-deal divorce still a real possibility.
After the G20 summit, all eyes are on the upcoming OPEC+ meetings over December 5-December 7, with the decision to cut the oil supply to hopefully be taken by the organization’s members to curb the oversupply that, as traders fear, might hamper the global oil demand for the next year.
The bad news was Qatar’s announcement of its quitting OPEC as part of the country’s long-term strategy for growing its international energy market presence with a focus on gas. Meanwhile, Russia and Saudi Arabia have agreed to extend the OPEC+ oil pact into next year. So now investors have to sit and wait for some certainty about the oil supply levels.
Ivan Marchena, Libertex Analyst

Europe’s Markets Will Be under Pressure as Traders Await Brexit Deal Decision and Italy’s Draft Budget Revision

For the time being, European investors await the outcome of the UK cabinet meeting to be held soon to see if the draft deal is approved. Meanwhile the UK Parliament continues its debate on the deal ahead of the December 11 vote. If the deal is rejected by the British MPs, the UK will have to leave the EU without a deal, which will hurt the country’s economy badly. So far, the deal is criticized both by the ruling party and opposition.
Traders are anticipating next steps European Commission is bound to make to expand euro use to limit the dominance of the dollar as the global reserve currency. Eurocommission believes that stronger euro will help boost the global financial system’s stability. The euro expansion proposals from Brussels will be considered at the EU leaders’ summit later this month.
Another thing that keeps all eyes on it is Italy’s budget, with the country to submit the new draft budget for 2019 to the European Commission that has rejected the previous draft. Italy’s government is currently contemplates the budget deficit reduction from 2.4% of national GDP as was previously proposed.
Yet another concern is France, with investors waiting for the fuel tax increase to be suspended amid increasingly violent “yellow vest” protests, with France’s President Emmanuel Macron’s reputation bitterly undermined after the three-week unrest.
As for the oil sector, financial scouts think that Europe’s investors’ sentiment will be significantly influenced by which way oil prices will go after the OPEC+ meetings where the oil supply cut decision will be taken (or rejected) by the members.
Ivan Marchena, Libertex Analyst

Libertex trading platform adds 5 CFDs on cannabis shares
Libertex has added five new contracts for difference (CFDs) to its trading platform. Starting from December 11^th, 2018, traders using our cross-channel platform will be able to trade with the five hottest instruments, which represent the world’s most popular companies operating in the growing sphere of marijuana production and processing.
CFDs on the following shares are now available in Libertex:

• Tilray,
• Canopy Growth,
• Aphria,
• Cronos Group,
• Aurora Cannabis.

Libertex CEO Michael Geiger said: “Marijuana is fast growing sector in Canada and in the US after having recently been legalized for medical and recreational purposes. This has led to a speedy increase in the amount of companies that now grow weed or produce medical products from the plant. Now, an influx in traders seek ways to include these assets into their trading portfolio. We are pleased to be able to satisfy the demand for these financial instruments and add CFDs for the most interesting stocks within the Libertex trading platform.”
About Libertex:
Libertex is an international brand with more than twenty year experience in financial markets and online commerce. Libertex provides investors with access to trade stocks, currencies, indices, commodities, gold, oil, gas and many other financial instruments. The Libertex team has more than 2,200,000 customers in Latin America, Europe and Asia owing to its first-class service. The platform has more than 150 commercial instruments. In 2016, Libertex was recognized by the Forex EXPO Awards as the best trading platform; and Global Banking and Finance Review named it the best trading application in the EAEU. In 2017, the Forex Awards named Libertex the best trading application and cryptocurrency broker.

Europe’s Investors Still Anxious, Prices Highly Volatile

European stocks are still being struck by volatility, and investors continue to be anxious about the Huawei CFO’s arrest dimming US-China trade talks, which prompted the European Commission to express concerns about the risk of unauthorized data collection by Chinese technology companies in Europe.
Meanwhile, given the recent US economic statistics, traders believe that the Federal Reserve will likely be flexible on plans to ratchet up interest rates in 2019 after this year’s 3 hikes, with the rate raised first in March, then in June, and then in September. Still, a fourth rate hike is expected to happen, and the FOMC meeting on December 18-19 is the likely occasion. So far we don’t know the number of interest rate hikes the Fed has projected for 2019. Though 3 hikes were planned, the regulator might decide to reduce the number should the economy worsen.
The oil market was somewhat eased by the OPEC+ announcing the oil output to be cut next year, with the aggregate global oil supply to be reduced by 1.2 million bpd for 6 months starting January 2019 as agreed in the OPEC+ ministers’ meeting, with the OPEC countries to slow down their oil production by 800k bpd, and the supply from the non-OPEC countries to be cut by 400k bpd.
As news and expectations remain mixed, the European markets are likely to remain very volatile in the offing. Financial scouts are confident that traders will continue to feel uneasy about the global developments.

Ivan Marchena, Libertex Analyst

Pot Stocks’ Fall Continues, As Marijuana Market Corrects to Fair Levels

Cannabis stocks continue their fall as they move deeper into the bearish territory and farther away from the October peaks. After the boom coming on the back recreational marijuana legalization, the stocks now go back down to fair levels.
As marijuana market is massively driven by speculation with its stock prices overinflated, the current prices have been too far from real, with the stocks overbought. Many investors have painted too rosy a picture about the sector’s companies, expecting sales to skyrocket and yield super profits. In fact, many of cannabis producers failed to have a clear and effective business plans, and the expectations of the continuing blasting growth have never become a reality.

Meanwhile, some major cannabis growers like Canopy Growth and Tilray do better than the rest of the segment, even after quite significant segment-wide price sag occurring last week. That said, the two companies’ stock may be good enough to buy for the long-term. A good thing for Tilray, and a long-term catalyst for its stock, is that it might get an appreciable share of the US marijuana market as planned, if cannabis is legalized throughout the US. Meanwhile, Canopy’s strengths are its production scale and market size.

It is likely that the pot sector will continue to lose ground in the week to come. Canopy Growth (СGС) price is expected to drop to $25-$27, Tilray (TLRY) will be down at $95-$97, while Aurora Cannabis Inc (ACB) and Cronos Group (CRON) are to be priced $3.8-$4 and $9.8-$10, respectively. Aphria Inc. (APHA) stands out with its price really very volatile going 20% up or down intraday. And it looks like this will continue with the price to steadily range from $5 to $5.5.

Ivan Marchena, Libertex Analyst

Marijuana Stocks May Become More Upbeat On Major Investors’ Getting Attracted to the Pot Sector, Marijuana Growers’ International Expansion Plans

Canadian marijuana growers’ stocks’ fall was blunted by a bunch of positive news that bode well for the sector. The most important positive cue is that investors expect marijuana to be legalized throughout the whole country in the U.S. If this happens, this is likely to trigger a cannabis sector boom similar to the one that followed the legalization of the recreational marijuana in Canada. Though the pot sector has been spiraling downward for several months in a row after the boom.
Another really positive thing is that major investors are eyeing the sector. Illustratively, the California Public Employees' Retirement System (CalPERS) scoops up the sector’s stock, specifically, by investing into Tilray, Canadian marijuana producer and a global pioneer in cannabis production and distribution.
What’s more is that Tilray has announced the formation of its International Advisory Board that is an esteemed group of business and government leaders from countries where marijuana is legalized or moving for legalization, who will provide guidance to Tilray’s executive team and Board of Directors as the company pursues its aggressive global growth strategy.
Meanwhile, Canada’s Aurora Cannabis Inc made it clear that it is set to expand into the Mexico’s market by buying Farmacias Magistrales, a Mexican importer of raw materials containing THC.
Financial scouts expect that in the marijuana sector stock will grow appreciably in the days to come, with Tilray (TLRY) to go up to $76-$76.5, Aurora Cannabis (ACB) to climb to $6.5-$7, and Canopy Growth (CGC), Aphria (APHA) and Cronos Group (CRON) to go up to $32-$33, $6-6.5, and $11.5-$12, respectively.
Ivan Marchena, Libertex Analyst