Japan's Toshiba Corp (TYO:6502) will start taking bids for Landis+Gyr, its Swiss smart meter unit, as early as June, Kyodo news agency reported today. Hitachi Ltd (OTCMKTS:HTHIY) and other Japanese firms are seen as possible bidders for the unit, Kyodo added. Toshiba had already hired UBS to explore a sale or an initial public offering…
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The outcome of the French Election is now down to a head to head. The latest prices in IG’s trading market on the election give the implied probability for the two candidates chances of victory as follows: Macron – 89% Le Pen – 11% We would remind LeapRate readers that although these “polls” are based…
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The Securities and Exchange Commission (SEC) announced fraud charges against a Massachusetts-based portfolio manager accused of diverting at least $1.95 million to his personal brokerage account from a fund over which he had trading authority. The SEC’s complaint alleges that Kevin J. Amell carried out a fraudulent matched-trades scheme in which he prearranged the purchase…
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CFD broker Plus500 Ltd (LON:PLUS) has announced that it has reached a settlement with Belgium financial regulator FSMA, in which it will pay the regulator €550,000. The settlement came after several months of discussions between Plus500 and the FSMA. Belgium authorities claimed that Plus500 had contravened its ban on offering leveraged trading products in the…
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BackgroundThe probability of a rate rise by the US Federal Open Market Committee on June 14 jumped from 50% to 65% post the French election result as risk appetite resurfaced across global markets. But the “hard” data out of the US has yet to back up the “soft” data coming from surveys (or election results). Today…
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The U.S. Securities and Exchange Commission today charged a vice president in the risk management department of the Nomura Securities investment banking division of Nomura Holdings Inc. (ADR) (NYSE:NMR) with insider trading on confidential information he learned in advance of a private equity firm’s acquisition of a publicly-traded technology company. The SEC alleges that New…
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eFX trading technology solutions provider TradAir has announced that it is now using AWS’s London Region to reduce round-trip latency and improve its execution performance. AWS, or Amazon Web Services, is a leading global hosting provider owned by Amazon.com, Inc. (NASDAQ:AMZN). TradAir’s fully managed low-latency trading technology solutions hosted in Equinix LD4 are now also hosted…
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Day trade / Sell Trade view / 11 hours ago Analyst / PIA First United Kingdom Instrument: USDCAD Price target: 1.3400 Market price: 1.3466 BackgroundUSDCAD looks prime for a counter-trend short entry today but the medium-term bias remains bullish. Monthly – Highlights a disjointed bearish Gartley formation. The move higher from May 2016 has been…
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Short term / Buy Trade view / Friday at 6:37 GMT Analyst / PIA First United Kingdom Instrument: USDCHF Price target: 1.0400 Market price: 0.9986 BackgroundGoing into the French presidential election, we are looking at USDCHF today. This pair is near -1 correlated with EURUSD. Dip buying this morning (with a tight stop) offers a…
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BackgroundAs expected, Wednesday’s minor setback for GBPUSD proved to be only temporary. Yesterday saw the market attract fresh buying interest below 1.2800 and although the resulting upside was not extensive, Wednesday’s decline was mostly regained. This has kept Cable above the 200 day moving average and near the top of a positive daily Keltner channel.…
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