Background With the US intending to impose a 20% duty on Canadian softwood lumber imports, the Canadian dollar was under pressure yesterday. This week, Friday is the “big numbers” day, with the scheduled release of US durable goods orders, as well as the ECB interest-rate decision and monetary policy statement. Management and risk description USDCAD’s…
Read moreLast week the US President Trump stated on Twitter that he will “unveil his major tax reform plan today” Wednesday April 26. Trump intends to dramatically cut corporate tax from the current rate of 35% to 15%, and will likely make tax exemption on US corporate overseas earnings. After the failure of his healthcare bill…
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Vela Trading Technologies, a high performance trading and market data technology company, has launched a fully-managed European Best Bid Offer (EBBO) solution in response to increased client demand to comply with the changing pre-trade transparency and best execution rules which will come into force with MiFID II in January 2018. An EBBO solution will help…
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Market Overview Risk appetite remains positive in the wake of the French election. The momentum in the bull run is still there but it will be interesting to see if it can continue as attention turns to the BoJ, ECB, European inflation and US growth which all come towards the end of the week. However,…
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The Cyprus Securities and Exchange Commission (CySEC) announced that, on 28th March 2017, the CIF A.A.M & Wealth Ltd renounced its authorisation pursuant to section 24(1)(b) of the Investment Services and Activities and Regulated Markets Law of 2007, as in force (the ‘Law’). Therefore, the CIF authorisation with Νumber 222/14 lapsed as from the abovementioned…
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CFD broker Plus500 Ltd (LON:PLUS) has announced its results for the first quarter of 2017, indicating a 15% dropoff in Revenues from Q4's record levels. Revenues for Q1 at Plus500 came in at $77.5 million, versus a record $91.3 million last quarter (Q4-2016) and $85.2 million in Q1 last year. Nevertheless, above-average EBITDA margins of…
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Background The long-term outlook for the cross remains to the downside but we look for a higher correction intraday. This has resulted in another two-way play this week Monthly – Over the long term, we are looking for a move back to the reverse trend line support at 0.7975. For the last 5 months, we…
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Swiss listed interdealer broker Compagnie Financiere Tradition SA (SWX:CFT) has announced that Emil Assentato (pictured above at right involved in one of his passions, car racing) has retired from his role as a member of the Executive Board effective immediately. LeapRate readers will recognize Mr. Assentato as the architect behind the planned multi-stage merger of Nukkleus Inc (OTCMKTS:NUKK), a…
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The Securities and Exchange Commission (SEC) announced an award of nearly $4 million to a whistleblower who tipped the agency with detailed and specific information about serious misconduct and provided additional assistance during the ensuing investigation, including industry-specific knowledge and expertise. Not only did this whistleblower step forward and report suspicious conduct, but continued to…
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The Australian Securities and Investments Commission (ASIC) is urging Australians to do a quick and free search on ASIC's MoneySmart website to see if a share of $1.1 billion of unclaimed money is theirs. There are more than a million records of unclaimed money from dormant bank accounts, life insurance, shares and other investments waiting…
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