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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Background The US administration announced on Monday that it would impose a 20% tariff on Canadian softwood lumber imports to US, alleging that Canada unfairly subsidises its timber producers. (See separate story here.)The news knocked the Canadian dollar and boosted prices of lumber futures. It also creates a trading opportunity in lumber futures, as outlined…
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The Irish Stock Exchange (ISE) has today announced details of the 2017 #IPOready programme, aimed at the next wave of Irish companies that are on course for a stock market listing (initial public offering or IPO) in the next 5 years. The 2017 #IPOready programme will provide high-growth IPO candidate companies with a structured support…
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Euronext, the pan-European exchange, announced the launch of Euronext Fund Service in Paris, an innovative and complementary solution for investing in open-end funds (UCITS and AIF) registered or passported in France. It offers institutional and retail investors a simplified, automated cost-efficient subscription/redemption service to invest in funds through their brokers. Euronext Fund Service will be…
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iSignthis Ltd (ASX: ISX) an Australian based leader in digital AML/CTF KYC identity proofing has launched Paydentity, a new automated identity, and payments system which will be used by Forex brokerage XM.com, the trading name of Trading Point Holdings Ltd. to reduce the time customers spend onboarding while keeping in line with all existing and upcoming regulations. The…
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INTL FCStone Inc. (NASDAQ: INTL) today announced that its London-based subsidiary, INTL FCStone Ltd's Global Payments Division (GPD) unveiled its proprietary cross-border payments intelligence portal - the Global Payments Network (GPN). The comprehensive intelligence portal leverages GPD's relationships with global correspondent banks, regulators and other market participants in the developing world, to provide clients with…
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Background Trading in USDCAD was volatile on Monday. Initial losses mounted to more than 1 big figure and USDCAD was driven back to its 13 day moving average. But that crucial point proved important as, in line with this week's forecast, fresh buyers were attracted near that point. The resulting resumption of the upside took…
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Market Overview Although there is a degree of consolidation taking over forex markets as traders pause to take stock after yesterday’s huge risk rally, there is still a mild risk positive bias in sentiment. The clear lead for Emmanuel Macron in the first round of voting in the French Presidential election has stoked the fires…
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