BackgroundThe small caps are lagging in performance (5% year-to-date vs. 6.25% on the S&P500) behind their multinational brethren but don't discount them yet. Smaller companies with capitalization of $2-10 billion, are often considered as the growth engine in the US economy as they are fairly young with great growth potential. A potential corporate tax cut from…
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LeapRate Exclusive... LeapRate has learned that the most recent CIF license handed out by Cyprus financial regulator CySEC has gone to retail forex broker FX88.com via its parent company Galactus Ltd. The license was formally approved this Tuesday, April 25. Backed by investors in Singapore, Galactus / FX88.com was formed last year by a number…
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The Hong Kong Monetary Authority (HKMA) and the Securities and Futures Commission (SFC) today issued a joint consultation on the prescription of additional markets and clearing houses, and the prescription of Delta One Warrants, for the purpose of the over-the-counter (OTC) derivatives regulatory regime. This consultation is in response to a recent request from market…
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LeapRate Exclusive... LeapRate has learned that retail forex brokerage group FxPro has promoted Conor O'Driscoll to the position of Deputy CEO and COO of its FCA regulated UK operation, FxPro UK Limited. Mr. O'Driscoll has been with FxPro since 2012, based in Cyprus. He began at FxPro as an FX Dealer, moving up to be named…
Read moreThe European Central Bank's job is to keep the Eurozone intact, promote growth and reduce unemployment. Higher unemployment and lower GDP growth rates are the ideal foundations for the spread of populism, which started with Brexit last year before spilling over into the US and now we have this same disease over in France. Although Macron is highly likely to win…
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New solution offering enterprise-level risk insights; goals-based risk framework shared at 2017 investment conference Morningstar, Inc. (NASDAQ: MORN), a provider of independent investment research, shared unique risk-related insights at the company's 29th annual investment conference for financial advisors, offering multiple angles from which to view and assess risk. The conference's Innovation Lab will feature interactive…
Read moreUS Treasury Secretary Mnuchin announced Trump’s tax reform plan in a press conference yesterday; the biggest tax reform plan since 1986. Trump has proposed slashing corporate tax from the current rate of 35% to 15%; from one of the highest in the world to one of the lowest. In terms of personal income tax, the…
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DAX futures (JUNE 2017 contract is FDXM7, continuation contract is FDXc1) The consolidation in front of the ECB continues with little real direction on the DAX in the wake of the initial strong upside breakout on Monday. I discussed the tendency for the DAX to follow sharp upside breaks with a period of correction and…
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Colt Technology Services announced that it has opened a point of presence (PoP) in Marseille - an increasingly important hub location for carriers and organisations looking for a high bandwidth connectivity gateway connecting Europe with Asia, Africa and the Middle East, due to the landing of several important subsea cables from these regions in the…
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Using basic charts patterns and correlation, GBPJPY looks set for a correction to the downside this morning. Monthly: The last 117 months of price action has formed a descending triangle formation that has a bias to eventually break lower. The Hammer base from October 2016 offers an immediate upside bias. Last month’s lack of clear…
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