LeapRate Exclusive... LeapRate has learned that retail forex brokerage group FxPro has promoted Conor O'Driscoll to the position of Deputy CEO and COO of its FCA regulated UK operation, FxPro UK Limited. Mr. O'Driscoll has been with FxPro since 2012, based in Cyprus. He began at FxPro as an FX Dealer, moving up to be named…
Read moreThe European Central Bank's job is to keep the Eurozone intact, promote growth and reduce unemployment. Higher unemployment and lower GDP growth rates are the ideal foundations for the spread of populism, which started with Brexit last year before spilling over into the US and now we have this same disease over in France. Although Macron is highly likely to win…
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New solution offering enterprise-level risk insights; goals-based risk framework shared at 2017 investment conference Morningstar, Inc. (NASDAQ: MORN), a provider of independent investment research, shared unique risk-related insights at the company's 29th annual investment conference for financial advisors, offering multiple angles from which to view and assess risk. The conference's Innovation Lab will feature interactive…
Read moreUS Treasury Secretary Mnuchin announced Trump’s tax reform plan in a press conference yesterday; the biggest tax reform plan since 1986. Trump has proposed slashing corporate tax from the current rate of 35% to 15%; from one of the highest in the world to one of the lowest. In terms of personal income tax, the…
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DAX futures (JUNE 2017 contract is FDXM7, continuation contract is FDXc1) The consolidation in front of the ECB continues with little real direction on the DAX in the wake of the initial strong upside breakout on Monday. I discussed the tendency for the DAX to follow sharp upside breaks with a period of correction and…
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Colt Technology Services announced that it has opened a point of presence (PoP) in Marseille - an increasingly important hub location for carriers and organisations looking for a high bandwidth connectivity gateway connecting Europe with Asia, Africa and the Middle East, due to the landing of several important subsea cables from these regions in the…
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Using basic charts patterns and correlation, GBPJPY looks set for a correction to the downside this morning. Monthly: The last 117 months of price action has formed a descending triangle formation that has a bias to eventually break lower. The Hammer base from October 2016 offers an immediate upside bias. Last month’s lack of clear…
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Market Overview As Donald Trump approaches 100 days in office (will be on Saturday 29th April), markets have been preparing for his “huge” tax plan. However the announcement of Trump’s tax plan has left more questions than answers as the dollar and equities sell off. Markets have subsequently given the announcement a fairly luke-warm response.…
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Deutsche Börse AG published its results for the first quarter of 2017 on Wednesday. Net revenue stood at €623.4 million, an increase of 2% year-on-year (Q1/2016: €610.5 million). The increase was largely driven by the very positive developments in the Clearstream segment as well as the growth in fixed income derivatives at Eurex. These trends…
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Kraken Digital Asset Exchange launched support for tether-USD (USDT/USD) trading on March 29 and now adds 2x leveraged margin trading for this pair. Further enhancements to the margin program include higher 5x leverage for other trading pairs: Bitcoin-USD (XBT/USD): 5x Ether-bitcoin (ETH/XBT): 5x Ether-EUR (ETH/EUR): 5x Ether-USD (ETH/USD): 5x Margin trading for USDT/USD will help…
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