Data this week has remained a net positive for the Australian economy and the RBA. Technically ASX could be preparing for a pullback below 6k whilst AUD ponders a break of a bullish wedge. The Service Index expanded at 53 in April, up from 51.7 in March. This complements the soaring read from the manufacturing…
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Background The main event on the calendar today is the US Federal Reserve Open Market Committee’s monetary policy review meeting. There is only a 5% chance of any movement in the policy rate so attention will focus on the short post-meeting statement. Little change to the previous outlook is expected, although, on balance, the data…
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US financial regulatory body the National Futures Association (NFA) has ordered Duet Asset Management Ltd., an NFA Member commodity pool operator and commodity trading advisor located in London, England, to pay a $1 million fine. Duet Asset Management Ltd. is part of Duet Group, a London based global alternative asset manager co-founded by former CSFB…
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New Zealand based retail forex broker Fullerton Markets has announced the hiring of ex-Bloomberg Strategist, Jimmy Zhu. Coming on board Fullerton Markets as Chief Strategist, Jimmy Zhu was at the aforementioned Bloomberg for the past three years, covering a wide range of topics which included Forex, sovereign bonds and economic data. He was previously an…
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Continuing its string of warnings against unregulated brokers and other scams targeting retail traders in Canada, Canadian securities regulator the British Columbia Securities Commission (BCSC) has added to its Investment Caution List unregulated binary options broker Hedgestone Group, owned and operated by Nevski Ps Ltd. from website hedgestonegroup.com. According to the BCSC, Hedgestone Group and a…
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ASIC urged the public to be wary of cold callers claiming that their investment proceeds have been stopped by ASIC and are being held for them in a trust. These calls are being made by individuals based overseas and are scams. ASIC warns anyone who receives unexpected contact in this way or a similar manner…
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Derivatives marketplace operator CME Group Inc (NASDAQ:CME) today announced that April 2017 average daily volume (ADV) reached 16.3 million contracts, up 18% from April 2016. Highlights for April 2017 include: FX volume was 788,000 contracts in April - down 19% from March 2017 (or 978,000 contracts), options volume averaged 4 million contracts per day, up 52% versus April…
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XTX Markets today named Eric Swanson as Chief Executive Officer of XTX Markets (Americas) effective June, 1st 2017. Mr. Swanson is a securities industry veteran, most recently serving as the General Counsel and Corporate Secretary of Bats Global Markets, Inc. since 2008. Prior to joining Bats, Mr. Swanson served for more than a decade in…
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Swiss forex broker Dukascopy has published its Annual Report for 2016, which includes some fairly interesting insights into the company's business, and its results over the past few months. The STP broker reported that for the full year 2016 Revenues were down 5% from 2015, coming in at CHF 33.2 million (and with the USD…
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The Cyprus Securities and Exchange Commission (CySEC) announced that, on 30th January 2017, the Company Providing Administrative Services Vayronus Enterprises Ltd, waived its authorization pursuant to section 16(1) of the Law Regulating Companies Providing Administrative Services and Related Matters of 2012, as in force (the ‘Law’). Therefore, the Company’s authorization with Νumber 150/196, which was…
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