En 2022 Broker's Update Final

Broker’s Update
MARCH 2022
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Topics
Internal Update Russia Military Actions on
Ukraine
US Mid-term Presidential Election Impact of Current Geo-Politic

FED Imminent Interest Hike Events on Global Trades
Italy and Cyprus 2021 Travel

Cyprus TLS 2023
Update
Topic:
Internal Update from Various

Departments
1 Introducing Profit Statement

ETA: - Profit sharing will be credited into Traders Room
End of Account Balance.
Apr 2022
- At the same time, IB can select to print Profit
Statement based on month format.
Topic:
Internal Update from Various Departments
1
ETA:
End of
Apr 2022
Topic:
Internal Update from Various Departments
1
ETA:
End of
Apr 2022
2 Increased Performance
- We increased our expenditure on Traders Room and system architecture. The
result? Increased performance.
ETA:
End of
Q2 2022
2X 1.5X
Increased Server
Redundancy Stress Limit
3 TriumphFX iOS App is On Its Way
- The development of our iOS app is completed!
- However, the launching of iOS app is subject to Apple’s stringent review &
approval, but rest assured you will get to enjoy it soon!
ETA:
Subject to
Approval
Topic:
Russia Military Actions on

Ukraine
Russia
Ukraine
1 Cost of Oil and Gas
1/10
- The conflict escalates the jump in oil prices,
making it the highest since 2014. Russia is the third-largest
producer of oil, providing
roughly 1 of every 10 barrels
- Europe is seeking alternatives, with reports the world consumes.
suggesting that refiners should avoid taking
Russian oil supplies. Clearly, the war continues to
increase pressure in the system.
- Analysts predits that the risk of disruption to

supplies has not yet been fully priced in and we
may be poised for further run upwards.
- OPEC has refused to increase production to bring

down the crude oil price.
2 Food Prices
g h
- Food prices were already rising before war broke
e hi
e 2.
out, due to the pandemic and supply chain
disruption.
t im l
al of
im
t 202
- Russia is the world’s largest supplier of wheat All e

he
ac in
an
d arc
M
h
at r 1350
and, together with Ukraine, accounts for nearly a he of
W h
quarter of total global exports. In countries like hig
Egypt and Turkey, that flow of grain makes up
more than 70 percent of wheat imports.
- Analyst cautioned should this conflict affect the

seeding season, it will have huge impact on wheat
price in 2023.
3 Financial Sanctions
пока-пока
- Global banks are bracing for the effects of Several Russian banks were
banned from the SWIFT
sanctions intended to restrict Russia’s access to
messaging system for
foreign capital and limit its ability to process international payments.
payments in dollars, euros and other currencies
crucial for trade.
- The impact of sanctions is not significant as there

are alternative to S.W.I.F.T. system. C.I.P.S. and
S.P.F.S. are two good example.
- The freezing of Russian companies' assets &

restricting Russian central bank from using its $630
billion foreign reserves may pose inconvenience in
short term. However, the long-term impact on its
economy is too early to tell.
4 Cease-Fire Talk Peace,
- Initial talks between representatives have not war
progressed to the Foreign Minister level.
The talk is still in progress
and making slow but positive
- Leaders of European countries have established
direction.
communications with President Putin which is a
good sign.
- NATO and Europe have no plan of accepting

Ukraine in the foreseeable future.
- Currently the talk has progressed to video

conferencing which is an encouraging sign.
Topic:
Impact of Current Geo-

Politic
Events on
Global Trades
President Biden & President Xi Talks
1 March 18
- Biden reiterated the US: Virtual Meeting
1. Does not seek a new Cold War with China.
2. Does not aim to change China’s system.
3. Does not target China with its other alliances.
4. Does not support Taiwan independence.
5. Has no intention to start a conflict with China.
- China does not wish to see the current situation in Ukraine
- China invited US together with EU to join hand in Russia-

Ukraine peace talk.
- China said sanctions will only cause more suffering for

ordinary citizens and adding more adverse impact to
already aggravated global economy and financial markets.
2 Saudi Arabia’s Plan to Accept Foreign
RMB for oil purchase
Reserve
- China buys 25% of total Saudi’s oil production. USD represents about 61% of
all international foreign
- Saudi government has invited President Xi to visit reserves currently.
Riyadh at the end of May 2022.
- Saudi government plan to invest a oil refinery

USD
plant in China worth $10 billion.
- May have impact on USD and help the increase of Other currencies
RMB circulation.
3 India - China Relationship Upcoming
- India refused to toe the line of condemning
Russia’s military actions on Ukraine.
Talk
- India kept buying oils from Russia at huge
discounted price.
- China FM to visit India at end of May 2022.
- Signaling the openness for talk by both Asia

giants.
Topic:
US Mid-term
Presidential
Election
1 Biden seeks re-election
40%
- Domestic approval rate is at all time low.
disapprove
- CPI at all time high.
Source: Reuters/Ipsos;
Updated: 23rd March 2022
- Recession pressure is mounting at domestic front.
- US-China Trade agreement does not progress as

agreed.
- Democrat internal unity issues.
- Dwelling influence at international fronts.
Topic:
Federal Reserve &

Interest Rate Hike
1 Federal Reserve & Interest Rate Hike
Imminent
- Feb CPI at all time high of 7.9%, highest since the
last 40 years. Interest
- Increase in oil price would likely impact March
CPI. Many analysts predict it would be in the range
Rate Hike
of +/- 8.5%.
- It was widely reported that Federal Reserve would

increase interest rate between 4 to 7 times within
this year.
- Each interest rate hike would adversely impact

stocks market globally.
Topic:
Italy and Cyprus 2021 Travel Update
1 Italy and Cyprus 2021 Travel Update
From Broker’s Update 2021:

i Management has decided to postpone the departure date for both trips
based on:
a Safety of all Qualifiers from 11 countries.
b Uncertainties due to the latest developments of COVID-19 in the country to be visited and
the country of origin of the Qualifiers.
c After considering various inputs from Master IB.
d After consulting with experts in the health field, 2021 is not a good year to travel abroad.
Qualifiers choose to keep their qualifications

until October 2022, or
From Broker’s Update 2021:
ii For Italy Incentive Trip,
two options were offered:-
Qualifiers choose not to join the trip and to
be reimbursed with money.
a Whatever option the qualifier chooses, the Broker must be notified via Support Ticket by
April 1, 2021.
b 2,500.00 USD will be credited into Trader's Room on May 1, 2021.
c If the qualifier did not notify the Broker by April 1, 2021, we will assume that the qualifier
has chosen to take the trip in October 2022.
2020 Cyprus Incentive Trip

Departure schedule is on
the month of July 2022.
2020 Italy Incentive Trip

Departure schedule is on the
month of October 2022.
Thank You

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Broker’s Update

US Mid-term Presidential Election Impact of Current Geo-Politic

Italy and Cyprus 2021 Travel

Internal Update from Various

1 Introducing Profit Statement

Internal Update from Various Departments

Internal Update from Various Departments

Russia Military Actions on

- Analysts predits that the risk of disruption to

- OPEC has refused to increase production to bring

- Russia is the world’s largest supplier of wheat All e

- Analyst cautioned should this conflict affect the

- The impact of sanctions is not significant as there

- The freezing of Russian companies' assets &

- NATO and Europe have no plan of accepting

- Currently the talk has progressed to video

Impact of Current Geo-

- China does not wish to see the current situation in Ukraine

- China invited US together with EU to join hand in Russia-

- China said sanctions will only cause more suffering for

- Saudi government plan to invest a oil refinery

- China FM to visit India at end of May 2022.

- Signaling the openness for talk by both Asia

- US-China Trade agreement does not progress as

- Democrat internal unity issues.

- Dwelling influence at international fronts.

Federal Reserve &

- It was widely reported that Federal Reserve would

- Each interest rate hike would adversely impact

Italy and Cyprus 2021 Travel Update

From Broker’s Update 2021:

a Safety of all Qualifiers from 11 countries.

Qualifiers choose to keep their qualifications

2020 Cyprus Incentive Trip

2020 Italy Incentive Trip

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