Oil prices recovered ground on Monday following last week's big losses, driven by expectations that OPEC will extend a pledge to cut output to cover all of 2017, although a relentless rise in U.S. drilling capped gains, Reuters reported earlier today. U.S. West Texas Intermediate (WTI) crude oil futures CLc1 added 26 cents, or 0.5%,…
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The following is based on research from Peter Rosenstreich, Head of Market Strategy at Swissquote Group Holding SA (SWX:SQN). If the current French Presidential exit polls are correct, then they are showing a very market-friendly result. The failure of Marine Le Pen or Jean-Luc Melenchon to surge on voting day should be viewed as a vote for…
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Management changes continued to dominate Forex Industry News this week, with all the key changes reported first or exclusively at LeapRate. In more detailed coverage, we unveiled what seems to be behind the bankruptcy of retail forex broker GCMFX - and it certainly wasn't what the company is claiming. Politics also made its way into…
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Continuing a string of warnings against unregulated brokers and other scams targeting retail traders in Canada, Canadian securities regulator Financial and Consumer Affairs Authority of Saskatchewan (FCAA) has issued two Cease Trade Orders against Mpower Technologies Limited and Melnic Group Ltd. The orders expire on May 3, 2017 and may be extended as necessary. Mpower Technologies Limited…
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This article was written by freelance writer Zak Goldberg. At its peak in September 2014, an estimated $6 trillion was transacted every single day across the globe. This coincided with a period of sustained (if slightly sluggish) economic growth, as the climate began to improve after the Great Recession and years of stagnation. While forex…
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The Securities and Futures Commission (SFC) welcomes the re-appointment of Mr Ashley Alder as its Chief Executive Officer for another three-year term effective from 1 October 2017. Mr Alder was first appointed as the SFC’s CEO on 1 October 2011. His current term will end on 30 September 2017. I am delighted that Ashley has…
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This article was written by Jens Chrzanowski, Regional German Director at FCA regulated broker Admiral Markets UK. Hello, Remember the polls before the US presidential elections? All the polling and news stations, major political and economic figures, possibly even Trump himself, were sure that Hillary Clinton will take the crown. Well, we all know how…
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The ASX 100 Cyber Health Check Report was launched today by the Minister Assisting the Prime Minister for Cyber Security, The Hon Dan Tehan MP, at a ceremony in Sydney hosted by ASX Chairman Rick Holliday and also featuring ASIC Commissioner Cathie Armour. The ASX 100 Cyber Health Check is the first attempt to gauge…
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Hong Kong Exchanges and Clearing Limited (HKEX) and the London Metal Exchange (LME), a wholly-owned subsidiary of HKEX, announced the appointment of Matthew Chamberlain as Chief Executive of the LME effective immediately subject to the approval of the Financial Conduct Authority (FCA) of the UK. Mr Chamberlain will remain on the LME Board and will…
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Plato Partnership Limited, a not-for-profit company bringing creative solutions and efficiencies to today’s equity marketplace, and Turquoise, the European multilateral trading facility, today announce their intention to develop a mechanism that allows users to call a liquidity event for less liquid securities, including small and medium-sized enterprises (SMEs). SMEs are a vital driver of growth…
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