Market Overview It has been a while since Donald Trump did something controversial, so perhaps he got an itch that he just needed to scratch? Trump fired FBI Director James Comey by letter last night in a surprise move that shocked the markets. This was significant as Comey was investigating the claims of the Russian…
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iSignthis Ltd (ASX:ISX) just announced that it has entered into an agreement with Pepperstone Group Limited, for Paydentity and Payment Gateway services, for the group's UK and Australian operations. ISX will supply Paydentity and Payment gateway for UK and Australia. iSignthis Ltd will announce integration and go live dates once they have been agreed with Pepperstone.…
Read moreThe US Dollar Index (DXY) climbed to a 12-session high overnight, helped by weaker commodities, softer Euro and hawkish comments from the Fed. Kaplan thinks the Fed could trim their balance sheet this year without it affecting his anticipated three hikes. DXY came close to breaking the 2014 bullish trendline following Macron’s victory on Monday,…
Read moreThe close of VIX gathered a lot of attention from the media as it passed another milestone of eerily low volatility, despite being another action-packed year. Whilst at some point it is poised to break sharply higher, we note the relationship between good data and low volatility. Everyone is paying attention to the fear index…
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UK financial regulator Financial Conduct Authority (FCA) has issued its latest warning against an unregulated financial services provider targeting UK consumers. The FCA’s latest warning is against the firm ExxonFX. ExxonFX is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated activities which require authorisation:…
Read moreWTI's strong rejection of the lows takes us back inside the lower bollinger band whilst USDCAD struggles to re-test the highs, leaving potential for a counter-trend trade to be considered.
Read moreRBNZ find themselves in a renewed tricky spot; Whilst fundamentals have improved they still have an irritatingly high currency at a time when select trade partners appear on the brink of further depreciation. Electronic card retail sales expanded 1.1% in April compared with -0.3% prior, whilst expanded a respectable 4.5% YoY versus 5.6% prior.…
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The Securities and Exchange Commission (SEC) charged a former employee with securities fraud in connection with his trading of options and other securities. The SEC’s complaint alleges that David R. Humphrey, who worked at the SEC from 1998 to 2014, concealed his personal trading from the SEC’s ethics office and later misrepresented his trading activities…
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