Important COVID-19 Update from BlackBull Markets
Important COVID-19 Update from BlackBull Markets
As the COVID-19 situation continues to worsen around the globe, we would like to inform you that we are continuing to work hard in order to keep your account with BlackBull Markets running as smoothly as possible.
Business as Usual
Our team is keeping a close eye on everything and working around the clock to ensure everything continues as usual during this time.
As you know, we are based in Auckland, New Zealand. As of the writing of this article, New Zealand has 20 confirmed cases of COVID-19, and all of them were isolated and contained. There is currently no risk of community transmission. However, in the event that the situation worsens here, we have already taken the appropriate measures to prepare. Some of our team members are already working from home, and we are preparing for the rest of us to do the same if necessary,
We will do our best we can to ensure any delays to support requests, account approvals, funding, or withdrawals are minimised as much as possible. Email, phone, and live chat will still be the best ways to contact our team. Please also feel free to reach out to your account manager if you require any specific assistance with your account. We are committed to ensuring that you continue to receive the highest quality customer service.
Many markets have recently experienced high levels of volatility. This presents new trading opportunities but also increases the risk of positions being closed out if there is not a sufficient margin to maintain open trades. We would like to remind you to always make sure you have enough funds in your account to maintain the margin required to keep your positions open.
Stay up to Date
We regularly keep our clients up to date with interesting and informative media about the current market movements and how to get the most out of their trading accounts. We would encourage you to have a look:
Feel free to contact our support team by emailing email@example.com if you have any questions or if there is anything else you would like assistance with.
The Euro sees its longest streak in 15 years on the back of Christine Lagarde, announcing that the ECB will provide an extra $1T in stimulus to combat the effects of the Coronavirus. The Euro against the USD has spiked to 1.127 to just under 1.135 on the back of extra stimulus. Pointing to inflation and price stability as concerns, Christine Lagarde stated a “unanimous view that action had to be taken.” However, with over six years of Quantitative easing and negative rates, the Euro’s weakness has benefited its exporters. This may change as the ECB puts its foot down in trying to rescue Europe.
New Zealand has had no new Coronavirus cases in the past 13 days. America is about to top 105,000 cases. New Zealand went hard and fast. The United States Is barely squashing the curve. New Zealand is in the phase were politicians are arguing when to remove all restrictions. America is reopening to save a dwindling election. A stark contrast in the environment between the two countries. However, one thing remained constant – the returns in the major indices between both countries.
The US Dollar index weakens for the 7th straight day as investors’ appetite for risk increases. The AUD/USD has broken the 0.69 mark, with the USD weaker against its G10 currencies, with global indices rising on forward optimism on a quicker recovery from the effects of the Coronavirus. US Indices have seemed to quickly discount the effects of the protests as they continue for the 8th straight day.
Black Bull Group Limited (trading name: BlackBull Markets) is a New Zealand registered and incorporated company (company number: 5463921). We are also registered with the Financial Services Provider Register (number: FSP403326).
Black Bull Group UK Limited is registered in United Kingdom, Company Number - 9556804. Payment clearing services provided by: BlackBull Group UK Limited (Company Number - 9556804) Address - 483 Green Lanes, London, Greater London, United Kingdom, N13 48S
Risk Warning: Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange, you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and, therefore, you should not invest money you cannot afford to lose. You should make yourself aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any questions or concerns as to how a loss would affect your lifestyle.
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