The 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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BackgroundYesterday's bearish bias was confirmed as EURBGP moved deeper below the 13 Day Moving Average, with selling pressure steady throughout the day. With immediate studies being negative we are expecting any bounce to be temporary and for the downside to develop.Management and risk descriptionA move through 0.8393 means the stop can be lowered to break…
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Hong Kong’s financial regulator the Securities and Futures Commission (SFC) has updated its Alert List, which features the names of businesses that are unlicensed in Hong Kong and are believed to be, or to have been, targeting Hong Kong investors or claim to have an association with Hong Kong. Added to the SFC Alert List…
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The US shale oil industry has seen a marked recovery since February last year because of higher oil prices. The US Baker Hughes data, that records the number of new Oil Rigs, is showing additional Rigs added every week. The increase in shale oil supply has offset OPEC’s recent output cut effort to an extent.…
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