Background Monday's GBPUSD upside failure was not extended yesterday. Overall, Tuesday was the fifth day in a row that saw prices consolidate after last Tuesday's powerful rise. Until last week's peak is broken our signals for sentiment cannot be strongly positive but the limited nature of profit-taking and the support of the 200-day line does…
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KCG Holdings Inc. Class A (NYSE:KCG) today announced that its board of directors has cancelled the company's 2017 Annual Meeting of Stockholders previously scheduled for May 10, 2017 at 1:00 p.m. Eastern Standard time. On April 20, 2017, KCG announced that it had reached a definitive agreement for Virtu Financial, Inc. (NASDAQ: VIRT) to acquire…
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Trimmed mean inflation, the RBA's preferred CPI measure sits just 0.1% beneath their 2% target to further remove any concerns over easing in the coming months, even if employment does turn lower. Inflation data exceeded expectations today, which saw the trimmed mean CPI rise to 1.9%, up from 1.6% previously. This will be a delight…
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The buy signal we highlighted for global risk worked out well and we now see stocks pushing to new highs and outflows of the Yen. We see the potential for this underlying theme to continue which could provide bullish opportunities on JPY crosses and indices through multiple timeframes.
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Published on 25.04.2017 19:41 The British pound is slightly higher in today’s trading against its US counterpart after positive local data increased appetite for the currency. At 3.53pm (GMT) the pound was trading at $1.2817 up from $1.2795 in yesterday’s trading. Data out earlier today showed Britain's public sector borrowing fell to the lowest level…
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The following is based on research from Tyler Yell, Currency Analyst at the DailyFX division of IG Group Holdings plc (LON:IGG). More of Tyler Yell's research can be seen at DailyFX.com. USD/CAD Technical Analysis: A Case Study On Not Fighting Breakouts Can CAD rebound in 2Q? See our forecast to find out what’s driving market…
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Forex broker FIBO Group has announced two new features today including the launch of its MT4 web version and also adding support for automated bitcoin deposits through BitPay. MetaTrader 4 web version has all advantages of the original software as it is the part of the desktop platform and compatible with every operating system and…
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As part of the U.S. Commodity Futures Trading Commission’s (CFTC) ongoing efforts to help protect Americans from fraud, today the CFTC added 71 new names to the RED List. These 71 new additions bring the total number of foreign entities on the RED List to over 110. We would note that some of the companies…
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BackgroundDespite analysts' persistent worries over such things as lower-than expected US fourth-quarter GDP growth of 2.1%, lowered corporate earnings forecasts, rising interest rates and so forth, the equity market might be prompted to extend its 5.5% year-to-date gains.Yesterday, the S&P 500 exchange-traded fund (SPY) cleared its 30-day moving average on above-average volume and might be…
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Belgium financial regulator FSMA has issued a statement regarding the €550,000 settlement it reached with FCA and CySEC regulated CFD broker Plus500 Ltd (LON:PLUS), reported earlier today by LeapRate. The statement sheds some light on the reasons the settlement was reached. Full text of the statement reads as follows: 25-04-2017 Agreed settlement - Plus500 The…
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