The importance of high quality market research
We are pleased to publish the following guest post, courtesy of Nada Lafi, MENA Marketing Specialist at XTB.
The XTB Market Research Department, which spans offices around the world including a Dubai office located in the DIFC, can boast of great results in the prestigious Bloomberg FX Forecast Accuracy Rankings. XTB analysts turned out to be the best in their forecasts for CEE currency pairs. But that’s not all. Based on all the accuracy of the analysis, XTB turned out to be in the top of global ranks.
The rankings produced by Bloomberg are considered the highest recognition in the financial industry. These are updated quarterly and include forecasts published by the largest global financial institutions, including Barclays, BNP Paribas, JP Morgan. The latest edition of the ranking was published at the end of the second quarter of 2022 and includes the most accurate forecasts of the past 12 months.
XTB has built on the momentum to rank 2nd in G10 category and 3rd in 13 Majors category in Bloomberg’s global poll. On top of that XTB Research Team also proved their quality of market predictions for emerging markets. They turned out to be the best in their forecasts for CEE currency pairs: EURPLN, USDCZK, EURHUF. That also led them to the 3rd position in the rank of emerging markets.
The distinguishing feature of XTB is education and providing investors with a rich knowledge base including analyzes, market notifications and the latest information. Everyone can have access to the knowledge of XTB analysts, as almost every day the company provides customers with a new portion of knowledge about the market. In addition, XTB has over 170 hours of educational recordings with the participation of the best experts like Farah Mourad, Senior Market Analyst at XTB MENA.
Farah Mourad is specialised in Middle Eastern, European, Asian, and American financial markets. She holds a master’s degree in communications and has over six years of experience in the news broadcasting industry.
As a trader and market enthusiast herself, she gravitated into the financial sector, working for international brokerages, and deepening her experience in the financial market and educating clients about investments.
The XTB Group is an international provider of trading and investment products, services and technology solutions. The XTB Group entities are supervised by the world’s largest regulators, including DFSA, FCA, CySEC and KNF. For over 17 years, the XTB Group has provided retail investors with immediate access to hundreds of markets around the world. XTB is a fintech company based on trust, technology and support. Since 2004, the XTB Group has been expanding its business, which now covers 13 major markets in Europe, Latin America and Asia, gaining the trust of over 500,000 customers. Using their own award-winning xStation and xStation Mobile platforms, XTB Group entities offer access to over 1,900 financial instruments, including CFDs for Forex, indices, commodities, stocks, and cryptocurrencies. Through the X Open Hub, XTB provides leading technology to financial institutions around the world. Find out more at www.xtb.com.
XTB MENA Limited provides an execution-only service. Any opinions, analyses, prices or other content in this press release does not contain and should not be construed as containing investment advice or an investment recommendation. The content in this press release does not take into account your level of understanding, investment objectives, financial situation or any other particular needs. Any decision to act on the information contained in this press release is entirely at your own discretion. You are solely responsible for such decisions.