We are delighted to inform our clients on the accessibility of trading stock CFDs starting April 10, 2018, Tuesday. This exclusive asset class is our latest additional offering among others that will soon be available on our MT5 platform.
Exclusive Change Capital, as an Investment Firm incorporated under the laws of Cyprus with registration number: HE 337858, proudly announces the acquisition of its license number CIF 330/17.
Our company proudly announces the acquisition of its Portfolio Management licence as of April 16, 2018. This licence endeavours our ongoing attempts in the provision of quality and high-ended services in a wider spectrum.
Exclusive Capital is delighted to announce that Marshall Gittler, Chief Investment Strategist for ACLS Global, will be consulting with our portfolio investment team and contributing his FX commentary to our website. Mr. Gittler is well known as a strategist, investment specialist, and economist, with decades of experience working for the major investment banks in Europe and Asia.
Exclusive Change Capital Ltd. is pleased to announce that it has received the International Quality Certification ELOT EN ISO 9001:2015. This certification is addressed to organizations that wish to ensure their ability to provide products and services that meet customer requirements and comply with the legal framework.
We would like to congratulate the young Cypriot athlete Petros Englezoudis on having a great athletic year and becoming a Youth Champion in Skeet Shooting 2019.
As the latest situation in the Middle East has become one of the most recently discussed topics, our Head of Investment Research Vrasidas Neofytou will analyse the geopolitical developments on RIK1 TV program «Απο Μερα σε Μερα» on Wednesday, September 18th at 12:20 pm.
Since 2012 the Finance Magnates’ London Summit has been the leading event for professionals within the financial industry.It is a superb meeting place for finance-oriented individuals, entities, and organizations, such as liquidity providers, marketing specialists, brokers, and banks for educational and networking purposes.
It was our pleasure to be a part of three magical evenings in Episkopi Village, Limassol supporting the charity Christmas Village activities which took place from the 20th till 22nd of December, 2019.
Following a great effort from Exclusive Capital's management team to reduce smoking among employees during 2019, the company`s directors have decided to grant additional 5 days paid annual leave as a reward to those employees who make an effort not to smoke or to quit smoking.
Take advantage of an institutional infrastructure while remaining at the forefront of the latest financial market developments. Our reputation will ensure that you exceed your client’s expectations for service, pricing, and security.
At Exclusive Capital our portfolio management team is carefully selected based on sophisticated knowledge and vast experience. Our capabilities offer robust portfolio management services.
Exclusive Capital takes an innovative approach in delivering returns by utilizing investment strategies in private equity, venture capital, tangible assets, and extensive alternatives.
We provide an exceptional trading experience utilizing cutting edge technology with highly competitive spreads. If you are looking for an investment proposition that best matches your needs, we have the tools to help.
We have developed an in-depth understanding of the intricacies of wealth to deliver insightful and effective advice for investment. Our investment process is characterized by rigor and discipline and is reflected through the quality of our work.
The chart below from Goldman Sachs research shows that short interest for the S&P 500 Index are at all-time lows. In other words, those that are betting on the index falling, are a very rare breed.
Source: FactSet, Goldman Sachs Global Investment Research
Many years ago, this chart would have been interpreted as a contrarian indicator. The logic being that, with record bullishness everywhere, it’s probably time to sell. However, this time around I think we have to take this data at face value. And that is none other than a bullish indication.
The reason why short interest is probably so low, is not for a lack of institutional investors who think that markets cannot go down, but probably because they have been squeezed out of their positions in attempting to do so.
With liquidity continuously coming into the market from all sides (Central banks and physical spending), it is no wonder equities keep going up.
Also keep in mind that bonds, especially sovereign debt, is not an option for most institutional investors. If institutions want yield, they will not find it in debt, unless they want to take on a lot of risk. And when searching for yield, equities are probably the route at the current time.
The bottom line is that all roads continue to lead to equities. The record low short interest is probably a testimony to this. And contrary to the past, a record short interest currently cannot be interpreted as a contrary indicator, but has to be interpreted at face value, that being that is still a very bullish market.
Continuing on the Easter holiday note and celebrating the good around us, Exclusive Capital’s team has made a charitable contribution to the Oncology Department at the Limassol General Hospital. With respect to the public health professionals serving the needs of patients during their diagnosis and treatment, we hope this donation can be additional support to the everyday necessities of the Oncology Department.
Quality health care in the public and private health sector has always been of the utmost importance, but by navigating through the various challenges during the Covid-19 pandemic, we have become even more aware of the hard work and importance of the healthcare system and specialists in protection of the well-being of the general public.
The mindset of doing more good deeds and offering a helping hand has become an important part of Exclusive Capital’s mission, and we follow this pathway in supporting our beliefs and vision of our place in the community.
The popular digital currencies Dogecoin and Ethereum have started outshining Bitcoin since their value doubled within a week, following a significant surge of demand from retail and institutional investors coupled with the adoption as a form of payment from mainstream companies.
Despite Bitcoin is up 100% since the start of 2021, it has lost its popularity from other digital coins after Dogecoin gained more than 10,000%, whilst Ethereum climbed by almost 400% over the same period.
Dogecoin continues its parabolic rally, touching an all-time high of 0.70 cents on Wednesday after a jump of more than 60% within a single day and 800% since the start of April.
With a market cap of nearly $90 billion, Dogecoin has become the world’s fourth most valuable digital currency after Bitcoin, Ethereum, and Binance Coin, and beating the valuation of established cryptocurrencies such as Ripple, Tether, Cardano, and Litecoin.
The main reasons behind Dogecoin’s recent price rally have been the adoption of the coin by the mainstream market and the support from billionaires Elon Musk and Mark Cuban.
The digital exchange, Gemini, will allow users to trade Dogecoin, while many companies have announced the acceptance of the coin as a payment method for their products.
Ethereum, the second-largest digital coin with over 400 billion dollars market value posted a fresh record above 3,500 dollars, following the growing institutional interest in the Ethereum blockchain.
Ether, which is the digital coin used to power the Ethereum blockchain, receives growing demand from thousands of real users such as developers that build decentralized financial products on the underlying blockchain technology.
Fuelling the rally, the European Investment Bank said in April that it issued its first-ever digital bond on a public blockchain using Ethereum.
The high-yielding Turkish Lira has been experiencing heavy selling pressure across the board over growing concerns of Turkey-USA relations, coupled with the unorthodox monetary policies by President Erdogan, fear for pre-mature interest rate cuts, and the potential for a new financial crisis in the country.
Biden’s “Armenian genocide” recognition:
The currency has lost more than 4% over the last trading sessions after US President Joe Biden recognized the 1915 massacres of approx. 1.5 million Armenians in the Ottoman Empire as a genocide.
Turkey, which is the second-largest army in the NATO alliance and a chronically closed ally with the United States, has rejected Biden’s decision, denying the killings were systematically orchestrated and constitute a genocide.
The declaration came at bad timing, since the relation between the two allies has been damaged recently over geopolitical issues such as the purchase of the Russian S-400 air defence system by Turkey, political differences in the Syrian civil war, and recent US sanctions.
Market Reaction:
Concerning for another financial crisis in Turkey and the deteriorated inflation outlook, investors have moved away from lira-denominated assets towards harder currencies such as Euro and US dollar, pressuring the Turkish Lira towards record lows against major currencies.
Lira, which is one of the worst emerging-market performers in 2021, depreciates further above the psychological level of 10 against the Euro for the first time, without showing any signs of a slowdown.
USD/TRY pair, 4-hour chart
Hence, the currency loses further ground against the US dollar, trading near a record high of $8.60 reached on 06 November 2020, despite greenback weakness across the board over the dovish Federal Reserve.
Free-falling economy and skyrocketed inflation rate:
Investors have started losing confidence in Turkey as the economy is free-falling, debts have been elevating to record highs, while the inflation rate skyrocketed beyond 15% in Q1, 2021, and is expected to rise to 18% soon.
The elevating inflation rate depreciates the buying power of the Turkish Lira, forcing the TRY-depositors in the local retail banks to exchange their Liras with harder currencies such as Euro, greenbacks, Bitcoin-cryptocurrencies, or tangible value-assets such as gold and silver.
The rising commodities prices have given a boost in food inflation, causing many problems in the already-poor society ahead of the presidential elections in 2023. The crude oil prices have quadrupled in the last few months in the country, while the prices of industrial commodities such as copper, iron ore, and LNG climbed to multi-year highs.
President Erdogan’s unorthodox view of monetary economics harms Turkey’s assets:
President Tayyip Erdogan-who is a fan of low-interest rates and a critic of tight monetary policy, has described the interest rates as the “mother and father of all evil”. Erdogan has an unorthodox view of monetary economics, thinking that the higher interest rates cannot solve economic problems, causing only inflation pressure on the economy.
He has publicly criticised the hawkish monetary policies taken by his former central governors who have lifted the key interest rates to 19% in a small period of just 2 years, a move necessary to contain Turkey’s chronically high inflation rate and to support the falling Lira.
Shocking the global markets, President Erdogan fired his hawkish Central bank governor Mr. Naci Agbal on Saturday, March 20, 2021, replacing him with a former ruling AK Party (AKP) lawmaker and critic of tight monetary policy Mr. Sahap Kavcioglu. That was the third replacement of central bankers since 2019, who all resisted the president’s growth-at-all-costs policy and low-interest rates.
The former governor-who was appointed less than five months ago-had made the mistake to aggressively raise the policy rate by 875 basis points to 19% two days before his replacement, the highest of any developed or EM economy.
Erdogan’s surprising decision increased the currency and country risk for Turkey, triggering a domino of heavy sales in any TRY-denominated asset or companies exposed to the Turkish economy from the institutional investors.
As a result, markets responded immediately to the unexpected removal, sending the Turkish Lira to as low as 19% against major currencies on Monday, March 22, 2021, posting its worst plunge since the preview’s monetary crisis in 2018. Hence, the Istanbul stock exchange lost 10%, its steepest drop since 2013, while the 10-year Turkey’s bond yields added almost 500 basis points to 19%, the most on record.
Foreign investors have lost their trust in the Lira since Turkey’s central bank is no longer functioning independently under Erdogan’s rule, and the rate hikes required to curb inflation are no longer possible with the new “dovish” Central banker.
President’s Erdogan political party AKP has started losing supporters, forcing the administration to give additional pandemic-relief fiscal packages to the economy.
RISK WARNING: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77.61% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.Become a Client
