Your Weekly Trading Review by UFX.com – Sunday, January 21st, 2018 Here are some of this past week’s leading economic news and events that affected the financial markets: The EUR/USD fell by 0.13%, closing the week at $1.2222. The GBP/USD decreased by 0.26%, ending the week at a £1.3858 exchange rate. Gold went up by 0.44% as…
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In Forex Industry News this week... Which Binary Options platform provider in Israel had its offices raided by the FBI? Who was revealed as the $100 million investor in Retail FX broker IronFX? How did ESMA's updated proposals to regulate leveraged CFD trading differ from its initial statement last month? And, what did ESMA have…
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After Bitcoin's value was slashed in half, dropping from almost $20,000 to $10,000 in just two weeks, many investors started to pull their money out of accounts and wonder how to proceed next. The news that South Korea is banning cryptocurrency trading and investors's accounts has undeniably helped the value of the whole crypto market…
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It's been a tough month for the cryptocurrency market. The market capitalization of the market went from $750 billion to around $550 billion in just under two weeks. Almost all alt coins decreased in value with the recent announcement that South Korea will be banning cryptos. However, with such "gloominess" among investors, things are looking…
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The Securities and Futures Commission (SFC) informed that it has today launched a three-month consultation on proposed amendments to the Codes on Takeovers and Mergers and Share Buy-backs (Codes). Key proposals enhance investor protection by increasing the voting approval threshold for whitewash waivers to 75% of independent shareholders and empowering the Takeovers Panel to require…
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Institutional FX execution services and data analytics company The Cürex Group has announced its latest senior hire, appointing Claudio Pannunzio as Managing Director, Marketing, to lead the firm's global brand and marketing strategy efforts. Claudio Pannunzio is tasked with steering Cürex Group’s global marketing functions, which encompasses responsibilities ranging from the execution of the company’s…
Read moreHSBC Holdings plc (NYSE:HSBC) announced that it has entered into a three-year deferred prosecution agreement with the US Department of Justice (DoJ) to resolve the DoJ’s investigation into HSBC’s historical foreign exchange sales and trading activities within its Global Markets business. Under the agreement, HSBC will pay a total of US$101.5m, including a US$63.1m fine…
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The Commodity Futures Trading Commission (CFTC) has announced that it has filed a federal civil enforcement action in the U.S. District Court for the Eastern District of New York against Defendants Patrick K. McDonnell, of Staten Island, New York, and CabbageTech, Corp., doing business as Coin Drop Markets (CDM), a New York corporation, charging them with fraud and…
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The U.S. Commodity Futures Trading Commission (CFTC) has announced the filing of a civil enforcement action in the U.S. District Court for the Eastern District of New York against Defendants Dillon Michael Dean of Longmont, Colorado, and his company The Entrepreneurs Headquarters Limited, a UK-registered company. The CFTC Complaint charges Dean and The Entrepreneurs Headquarters with engaging in…
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Mr Andrew Ferguson, the former Chief Executive Officer of abalone farmer, Australian Bight Abalone (ABA), was today found guilty on 17 counts related to providing false or misleading information to the ABA Board of Directors and prospective investors following a jury trial in the District Court of South Australia. Following an ASIC investigation, Mr Ferguson…
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