The Pounds rally has ensued for several weeks and with many traders still short, we think there could be further gains to come. Matt Simpson takes a technical look at GBPAUD, GBPJPY and GBPNZD. [embedded content] Matt Simpson | Senior Market Analyst A certified technical analyst, combining macro themes, monetary policy and business cycles to generate Forex…
Read moreCommodity currencies remain under pressure with renewed concerns over trade deals with the US and their potential to negatively impact exporting economies. NZDUSD in particular is feeling the strain and appears set to break key support. [embedded content] Matt Simpson | Senior Market Analyst A certified technical analyst, combining macro themes, monetary policy and business cycles to…
Read moreA good set of data licked the week off for Australia, with manufacturing PMI hitting its second highest level since 1994 and CPI reaching 2.6% YoY according to the monthly read from Melbourne Institute. Australia’s manufacturing sector expanded for a 7th consecutive month according to the PMI survey by AIGroup. At 59.2 it is the…
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It was a week dominated by regulatory issues and financial results in Forex Industry News, with the key stories once again appearing first or exclusively at LeapRate. Our most popular guest posts this past week included: CySEC changes to Investor Compensation Fund: what does it mean for Forex brokers and traders? from MAP S.Platis General…
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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 BinaryTilt, owned and operated by Chemmi Holdings Ltd. from website binarytilt.com. According to the BCSC, BinaryTilt claims to be based…
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Market Overview Markets are taking on a phase of consolidation as the week draws to a close. There is little real direction to speak of throughout major forex and equity markets. There may be a slight positive bias for equities this morning in the wake of some strong after hours numbers from the tech giants…
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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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TSX Company Services and Diligent today announced a collaboration to offer Toronto Stock Exchange and TSX Venture Exchange issuers secure, effective tools to enable board members to work on materials in real-time from anywhere. Through this arrangement, issuers will benefit from preferred pricing for Diligent's best-in-class board management software. We are continuously looking at ways…
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The Canadian Securities Administrators (CSA) today published two notices outlining amendments to support the transition from a three-day settlement cycle (T+3) for trades in Canada to two days (T+2) on September 5, 2017, consistent with the U.S. Canadian securities regulators are committed to facilitating a smooth transition to the T+2 settlement cycle and to ensuring…
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This article was written by freelance writer Zak Goldberg. Online trading is something we really take for granted these days, where being able to actively trade on everything from the stock market through to forex is something just about anybody can do. However, this wasn't always the case. Trading for Everyone Before mainstream internet use…
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