Spot gold has seen a 1.56% retracement over past two weeks after hitting its highest level of 1295.37 last seen on November 9th 2016. That said, this retracement has held above the support line at 1260 over the past two days. On the 4-hourly chart, the price broke the downtrend line resistance on April 26,…
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As the week draws to a close markets are beginning to consolidate. However looking across several of the major markets there is a sense that near term moves have reached a series of crossroads. The next move could determine whether the risk recovery is set to continue, or take a cautious reverse once more. The…
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LCH Ltd, a global clearing house, announced today that it has established deposit and intraday liquidity facilities with Norges Bank, the central bank of Norway. LCH is now settling its Norwegian Krone payments via the central bank. As part of the account opening process, LCH has become a direct member of NBO, the payments system…
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Sweden-based company active in the financial sector Catella (STO:CAT-B)’s Property Investment Management unit is launching Property Income 2017, an alternative investment fund that will invest in investment properties with stable cash flows and high dividend capacity. The fund’s AIF manager is Plain Capital Asset Management Sverige AB, and the fund’s depositary is SEB. The listing…
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The Autorité des marchés financiers (AMF) has announced the creation of its Fintech Lab. It will enable the AMF to explore the current and potential applications of new technologies among regulated entities (including market infrastructures) or in connection with its regulatory activities. The Lab will be accessible to all AMF staff who contribute to the…
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The Securities and Futures Commission (SFC) today published its Report on the fact-finding exercise on retail futures brokers which aimed to understand the business profiles and major risk management controls and practices of 10 major local futures brokers (the Reporting Firms). This information assists the SFC in supervising licensed corporations and helps market participants understand…
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Japanese online trading company Monex Group Inc. (TYO:8698) just announced its financial results for fiscal year ended March 31, 2017. The highlights are: Japan segment Segment profit of JPY 1,768M, which is 70% decrease YoY in FYE Mar. 2017, due to decrease in stock and FX trading volume and increase in costs for parallel operation…
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Investment firm Leucadia National Corp (NYSE:LUK) has issued its Q1 results report, which included some interesting updates on its $300 million loan to retail forex broker FXCM. Leucadia lent the money to FXCM back in January 2015, enabling FXCM to overcome a $276 million loss it took in the form of unrecoverable negative client balances following…
Read moreThere are two crucial GDP figures to be released today; UK Q1 GDP initial reading will be released at 09:30 BST, followed by the US Q1 GDP annualized initial reading, Q1 PCE and Q1 core PCE inflation figures (QoQ) at 13:30 BST. This will be the first US GDP figure reported after Trump took office.…
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Moscow Exchange (MOEX) held its Annual General Meeting of Shareholders (AGM) on 27 April 2017. Shareholders approved the company's annual report for 2016, its FY 2016 financial statements and distribution of profit, including dividends for FY 2016. As recommended by the Supervisory Board, shareholders voted to pay a dividend for 2016 of RUB 17.5 bln,…
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