DAX futures (JUNE 2017 contract is FDXM7, continuation contract is FDXc1) A choppy session closed higher yesterday but does little to change the outlook which remains corrective. A near three week downtrend remains intact and the market is still stuck with the resistance band 12,070/12,130. The outlook is likely to be driven to an extent…
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Bloomberg and Bats Europe, a CBOE Holdings Inc. (NASDAQ: CBOE) company, have announced they plan to provide Bloomberg customers with the ability to use their respective Approved Publication Arrangements (APA) to fulfil MiFID II transparency reporting requirements. Under MiFID II, market participants are facing a steep increase of reporting tasks they need to manage, for…
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LeapRate Exclusive... LeapRate has learned via regulatory filings made in the UK that FCA regulated broker Tradeslide Trading Tech Limited, which operates the Darwinex.com forex social and copy trading network, has seen a nice bump in Revenues and Profits during its second full year of operation. Darwinex Revenues grew from just €146,500 in 2015 to…
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UK financial regulator Financial Conduct Authority (FCA) has issued its latest warning against an unregulated financial services provider targeting UK consumers. The FCA’s latest warning is against the firm Zeb Insurance. Zeb Insurance is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated activities which…
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Market Overview Trading sentiment is increasingly cautious in front of Sunday’s first round of voting for the French Presidential election that is too close to call. Key forex and equity markets are consolidating, with the euro steady, DAX and CAC trading only marginally lower and gold also very much in wait and see mode. An…
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The U.S. Commodity Futures Trading Commission (CFTC) announced the filing of a civil enforcement action in the U.S. District Court for the Central District of California, Eastern Division, against Capitol Equity FX LLC, a purported hedge fund operating in California, and its principals and agents, Robert Leland Johnson IV and Marisa Elena Johnson, both of…
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The Australian Securities and Investments Commission (ASIC) and Indonesia's Otoritas Jasa Keuangan (OJK) have entered a Cooperation Agreement to promote innovation in financial services in their respective markets. The agreement, signed today in Melbourne, establishes a framework for cooperation between OJK and ASIC in the expanding space of innovation in financial services, agreeing to share…
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Posted by Matt Simpson | 21/04/2017 07:01 Monday could start of with a bang as the results from the first round of French elections are released around Asia open. USD: New home sales continue to track consumer confidence higher. There are concerns that confidence is already reaching extreme levels, whilst the credit cycle sends warning signals…
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Posted by Matt Simpson | 21/04/2017 03:49 Carry trades may be approaching oversold levels and S&P500 appears set to break to new highs, whilst the spread between 3-1 month VIX points towards a broad recovery in risk-on. [embedded content] Matt Simpson | Senior Market Analyst A certified technical analyst, combining macro themes, monetary policy and business cycles…
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NEX Group plc (LON: NXG) formerly known as ICAP plc, a UK-based business focused on electronic markets and post trade business, announced today that it has received approval from the Commodity Futures Trading Commission (CFTC) for NEX SEF Limited (NEX SEF), a new Swap Execution Facility (SEF). NEX SEF will allow customers to trade Non-Deliverable…
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