USD/CAD has plunged 2.5% from May 5th to 24th caused by rising oil prices. The trend has turned to an upswing since May 24th helped by a slump in oil prices after the recent OPEC meeting. On the 4-hourly chart USD/CAD has turned bullish, trading above the downside uptrend line support. This morning USD/CAD hit…
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Derivatives marketplace operator CME Group Inc (NASDAQ:CME) today announced that overall May 2017 average daily volume (ADV) reached 16.5 million contracts, up slightly from 16.3 million in April. Full exchange results by product can be found below: Interest rate volume averaged 8.9 million contracts per day in May 2017, up 20 percent from May 2016. …
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U.S. Securities industry regulator Financial Industry Regulatory Authority (FINRA) announced today that it has barred former Morgan Stanley Smith Barney registered representative John Batista Bocchino for concealing approximately $190 million in Venezuelan bond trades from the firm, which had restricted such trading due to the regulatory, anti-money laundering and reputational risks it posed. Instead, Bocchino…
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The following article was written by Jens Chrzanowski, Member of the Management Board of Admiral Markets Group AS. Hello, I’ll start this week’s article by asking your opinion: should it be only people that get to celebrate their birthdays or is the history of a company worth celebrating, too? What do you think? As an…
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Shares of FCA regulated CFD broker Plus500 Ltd (LON:PLUS) traded up sharply on Friday morning, after the company announced a planned $10 million share buyback, strong cash levels, and healthy Revenues growth so far in Q2. First, Plus500 announced that trading activity during Q2 has continued on a positive trend as outlined in Plus500's first quarter…
Read moreThe crucial US labour market data for May will be released today, June 2nd at 13:30 BST. It includes non-farm payrolls, unemployment rate and average hourly earnings. Please note that the release of US labour market data will likely cause volatility for USD, USD crosses and commodities. Non-farm payroll in April was 211K, beating the…
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Switzerland based retail forex broker Dukascopy has announced that it has added some new commodity CFDs for trading. New CFD commodities launched for live trading on Dukascopy include Natural Gas to US Dollar (GAS.CMD/USD) and High Grade Copper to US Dollar (COPPER.CMD/USD), for regular LIVE self trading accounts. Maximum leverage on GAS.CMD/USD and COPPER.CMD/USD is set…
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Continuing the string of fairly flat to slightly up trading volumes at leading eFX platforms we've seen for the month of May, multibank FX aggregation service FXSpotStream has reported that volumes on its system were up 2% MoM in April. Average daily volume at FXSpotStream came in at $17.5 billion in April, versus $17.1 billion in…
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The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, today announced the appointment of Matthew Stauffer as Managing Director and head of Institutional Trade Processing, effective June 30, 2017. In this role, Mr. Stauffer will be responsible for integrating DTCC’s middle office trade processing solutions, including…
Read morePublished on 01.06.2017 17:55 The British pound is under pressure again today against the Euro as more polls released before election day show the opposition labor party closing the gap on Theresa May’s conservatives. At 3.26pm (GMT) the British currency was trading at 87.04 against its European counterpart, down from 87.32 in yesterday’s close A…
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