US elections caused a wave of disturbances in the financial markets last week, as Donald Trump unpredictably won the US Presidential race. Traders are now wondering what to expect from Forex brokers after the elections? AtoZ Forex has reached out to Capital Street FX, inquiring on Capital Street FX Post-US election outlook and status.
17 November, AtoZForex – Now, when Donald Trump currently is about to officially become the US President, it is high time to analyze the markets stance and start thinking about the future steps under the Republican Nominee. AtoZForex team has been meeting and interviewing Forex brokers globally to get their view on the market in the aftermath of Trump’s victory.
Capital Street FX Post-US election outlook
AtoZ Forex Industry News Manager, Kristina has spoken with Akash Kaushal, the Managing Director at Capital Street FX Forex Broker. Below, we present to you the key highlights of Capital Street FX Post-US election market outlook.
Kristina Frunze: Was there any change in Capital Street FX’s margin requirements?
Akash Kaushal: “Through rigorous risk management and client education prior to the US elections, Capital Street FX was able to help clients get into a comfortable position before the results of the elections were announced. This helped avoid any increase in margins or any compulsory deleveraging in client accounts due to risk/margin considerations. Our strong Liquidity relationships helped ensure that clients were not faced with any unusual trading conditions.”
Kristina Frunze: Have you brought the margin requirements back?
Akash Kaushal:”We did not change margins prior to the election and thus we have not had to make any changes after the results.”
Kristina Frunze: What was the most traded instrument At Capital Street FX?
Akash Kaushal: “Gold and EURUSD were the most traded instruments.”
Kristina Frunze: What does the research team at Capital Street FX expect for the USD until the 20th of January?
Akash Kaushal: “The Dollar looks set to enter a period of sustained buying, as can be observed in the behavior of the Dollar Index as well as the individual currency pairs such as EURUSD and GBPUSD. The Fed has been indicating a strong willingness to increase rates at its December meeting, stock markets are climbing higher and conservative choices for key posts in the new government are hinting towards tighter fiscal and monetary policies in the new government. Discounting of all this information should translate into a sustained rally in the USD. We expect a potential attempt of the 1.05000 level by the EURUSD between now and the 20th of January 2017.”
Kristina Frunze: What recommendations can Capital Street FX give to traders trading this week?
Akash Kaushal: “The current trading week (14th to 18th Nov 2016) is expected to be relatively less volatile compared to the previous week. Traders can attempt positioning themselves for continued dollar strength by selling rallies in the majors (buying USD, selling Euro/Pound/Yen/SF) as well as buying dips in US equity indices.”
Kristina Frunze: Do you have any special promotion for traders?
Akash Kaushal: “Capital Street FX takes great pride in offering the best lineup of promotions that new and existing clients can take advantage of, to amplify their profitability and support their own capital. Our special promotions include deposit bonuses of up to 225%, 100% account insurance against losses, as well as Cash Backs of up to $20 per lot traded. We are very confident in stating that our promotions are the most competitive promotions among any broker worldwide.”
Kristina Frunze: What else can clients expect from Capital Street FX? Why should they consider trading with Capital Street FX?
Akash Kaushal: “Capital Street FX is a broker that is positioning itself as an approachable financial institution that is not just friendly and welcoming till a client has not opened their account. We want to provide clients with an experience they can’t find elsewhere – responsive and friendly customer service, knowledgeable support, customized accounts with spreads from 0.1 pips, stop outs as low as 10%, and leverage up to 1:1000.
We are genuinely interested in speaking to the trading community and offering them the account they want, rather than forcibly sell them products they hardly understand or can use. We provide clients free one-on-one education as well as regular help with developing a trading strategy that meets their objectives. In one line “Capital Street FX Is The Common Man's Uncommon Broker”
Do you have questions for Akash Kaushal related to Capital Street FX or the market post the US elections? Let us know in the comments section below.