BackgroundUSDJPY continues to trade in line with the yield on the 10-year US Treasury bond and that market has found its feet after large short positions were squeezed out. The way is now clear for yields to move higher, if the “hard” economic data starts matching “soft” (survey results) data. The main data points due…
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Germany financial regulator BaFin has issued its final set of new rules to govern leveraged Forex and CFD trading, following proposals issued by BaFin back in December. And, much to the chagrin of both Forex and CFD traders in the country, as well as the brokers who serve the German market, BaFin stayed the course…
Read moreToday the losses in the banking sector weighed on the broader index, yet the relative strength between the two leave the potential for ASX to outperform and move towards 6k without it. Banks weigh on ASX yet another attempt at 6k is possible Banking has dragged the ASX200 lower by the ‘big four banks’ who stated…
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Adding to its mounting problems, Global Brokerage Inc (NASDAQ:GLBR) has announced that it has received a delisting notice from stock exchange Nasdaq. Global Brokerage, formerly FXCM Inc., is the publicly-traded holding company which now owns an effective 37% interest in operating company FXCM Group LLC. The remainder (or rather, majority) of FXCM Group is owned by…
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The Dubai Commodities Clearing Corporation (DCCC), the leading Central Counter Party (CCP) in the region and a wholly owned subsidiary of the Dubai Gold & Commodities Exchange (DGCX), has announced the launch of a state-of-the-art Risk Management System (RMS) called ActiveRisk. ActiveRisk, developed by Chella Software (CSPL), has been deployed by DCCC with the primary…
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Forex brokerage company Admiral Markets Group AS has recently announced a change to its management structure. Two of the board members, Sergei Bogatenkov and James Chernikov have remained part of the board, while three new board members were appointed to complete the team: Jens Chrzanowski, Mindaugas Deksnys and Victor Gherbovet. They will be in charge of…
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'Buy the Rumor, Sell the News’ in Euro After Macron Victory.
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During the early Monday Asian session, EUR/JPY hit a high of 124.49, last seen on May 12 of 2016, helped by Macron’s victory in the French presidential election. However, it saw a subsequent retracement, due to profit-taking, falling back below the psychological level at 124.00. On the 4-hourly chart, EUR/JPY broke through the near-term major…
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With affiliates amd introducing brokers (IBs) such a key element of most Forex brokers' incoming client stream, how can a broker stay at the top of the list of the good ones, which generate plentiful and useful leads? Adinah Brown, content manager at Leverate, explains. Although there are numerous streams for acquiring new clients there…
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Italian financial regulator CONSOB has issued a warning regarding Retail Forex broker UP4X, owned by Up4X Ltd and operating from website up4x.com. According to CONSOB, UP4X ltd is not authorized to perform investment services and activities in Italy. On the company's website it shows a license from offshore location Vanuatu. The company's main telephone line…
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