GBP/USD has been trading above the downside uptrend line support since mid-March. Cable rallied around 3.5% since Theresa May announced a snap general election on April 18 as markets have largely priced in a Tory victory. GBP/USD hit a high of 1.3047 on May 18, last seen on September 29, breaking a significant resistance level…
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Moscow Exchange (MOEX) announced that from 1 June 2017, a new market making program will be launched on the Exchange's Spot FX Market to support the USD/RUB instrument with next day settlement. This is the first ever market making initiative on USDRUB_TOM, the most popular instrument of the spot FX market. It aims to further…
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Deutsche Börse announced that is now financial centre partner of national league football club Eintracht Frankfurt, having signed an agreement with Eintracht Frankfurt Fußball AG. This step marks the start of a premium partnership between Eintracht Frankfurt and Deutsche Börse focussing on commitment to a region that both firms have been instrumental in shaping –…
Read morePublished on 23.05.2017 14:15 The Australian dollar has continued its winning streak today against the US dollar, breaking through the US75c mark as iron ore prices continue to strengthen providing plenty of support for the local currency. The main driver behind the resurgence in the Iron ore price has been China with demand picking up…
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The Court of Appeal today allowed Securities Commission Malaysia (SC)’s appeal to enhance sentences meted out against former executive directors of Welli Multi Corporation Bhd (Welli Multi), Ang Sun Beng and Ang Soon An, for furnishing misleading financial information to SC in 2005. The court imposed a sentence of six months jail and a fine…
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Financial technology supplier Star Hat Solutions announced the general availability of their new product, Freebridge and MahiFX as their latest liquidity provider onto their Hub range of products, including Freebridge. With a Freebridge Hub, brokers are able to offer direct, low-latency connectivity into the liquidity they provide to their customers. This completely removes all expensive…
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Moscow Exchange (MOEX) just announced that as of 23 May 2017, clients of China's top four financial information vendors, Great Wisdom, Wind, East Money and Emoney, have started to receive MOEX's real-time market data. The clients now receive online information on MOEX's main benchmarks (MICEX and RTS Indexes). The data range will be extended to…
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The Cyprus-based developer Dynamic Works has announced the integration of the MetaQuote's MetaTrader 5 trading platform with the Syntellicore CRM system. Syntellicore is a complete, extensively configurable and expandable CRM system equipped with a modern Traders Room and catered specifically for Forex brokerages. Through the last few years, the product has evolved from an advanced…
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Today SD Worx, global payroll and HR service provider, announced it is partnering with World First, the international payments and money transfer business, to deliver a single currency transfer solution to SD Worx’s international payroll and HR customer base. Managing the payments process in a large organisation across multiple geographies can be expensive and time…
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Hong Kong Exchanges and Clearing Limited (HKEX) announced today that it will introduce its revised stock option position limit (SOPL) model on 1 June 2017 and new limits will take effect on the same day. HKEX's revised SOPL model is designed to align Hong Kong's SOPL regime more closely with international practices and ensure the…
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