Bitcoin's price is skyrocketing again, trading in all exchanges for above $8,000, even hitting $8,200 on November, 20th, 2017. Just last week, the cryptocurrency was trading at around $5,600 level, after the community seemed divided over Bitcoin Gold and the fork that Bitcoin was about to go through. The new all-time high was set after…
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Leading UK foreign exchange and international payments provider RationalFX has announced the appointment of Chris Humphrey as the company’s Chief Executive Officer. RationalFX co-founder Paresh Davdra is stepping down from the role to focus on his role as CEO of RationalFX’s sister-brand Xendpay. Chris Humphrey has been COO of RationalFX since 2015, and is an…
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Retail Forex broker Alpari has reported that FX trading volumes in its system hit $121.6 billion in October 2017, its best monthly result of the year and 6% above September's $114 billion. Alpari stated that the mid-Autumn month saw trading increases in all the major currency pairs. The biggest increase in turnover came from the…
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The following article was written by Adinah Brown, content manager at Leverate. What WeChat can do for your brokerage, is similar to what a protein shake will do for your body; supercharge energy levels and provide extended power. But unlike the protein drink, it does this through the power of integration. WeChat essentially offers a complete…
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Spain's financial regulator National Securities Market Commission (CNMV) has issued a warning regarding two .cat websites, forex.cat and forextrading.cat. We would note that forextrading.cat leads to the Spanish language website of offshore FX broker LiteForex, based in the Marshall Islands, liteforex.es. Interestingly, the .cat Internet domain is one of the issues of dispute between the Spanish…
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The Financial Times is reporting that several of the world's leading banks are heading towards final negotiations on a financial settlement (read:fines) with the European Commission, following a more than four year long probe into allegations they formed a cartel to rig the $5 trillion global FX market. The FT named UBS, RBS, JPMorgan, Citigroup, Barclays,…
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Electronic trading firm NEX Group PLC (LON: NXG) has reported its results for the first half of Fiscal 2018 (for the six month period to September 30, 2017, fiscal year-end is March 31, 2018), indicating healthy continued Revenue growth in some of the company's key units, including its Forex ECN unit, EBS. However profits were down,…
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Australia financial regulator ASIC has announced that it has accepted enforceable undertakings from Australia and New Zealand Banking Group (ASX:ANZ), and National Australia Bank Ltd. (ASX:NAB), to address conduct relating to the Bank Bill Swap Rate (BBSW). Australia and New Zealand Banking Group (ANZ) and National Australia Bank (NAB) have today entered into enforceable undertakings (EUs) with ASIC…
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The following article was written by Jeff Broth, a business writer and personal finance advisor. Consulting for SMB owners and entrepreneurs for more than 7 years. The current state of the financial markets presents opportunities to savvy investors. For starters, we are now entering a phase where monetary tightening is the order of the day…
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Your Weekly Trading Review by UFX.com – Sunday, November 19th, 2017 This week’s major financial market news and events: The EUR/USD rose by +0.17%, closing at $1.1790, while the GBP/USD increased by +0.15%, closing at £1.3215. Gold and Crude Oil enjoyed increased performance this week. Gold went up by +1.43%, closing at $1,296.50, while Crude Oil rose…
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