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.…
Read morePublished on 24.04.2017 21:16 The gold price has pulled back sharply today after yesterday’s French election results which saw both pro and anti-EU candidates make it to the 2nd round. At 6.39pm (GMT) gold was trading at $1,275, after hitting a low of $1,265 earlier in the trading session and down from $1,283 yesterday. In the…
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The Securities and Exchange Commission (SEC) announced that two former executives at Hungarian-based telecommunications company Magyar Telekom have agreed to pay financial penalties and accept officer-and-director bars to settle a previously-filed SEC case alleging they violated the Foreign Corrupt Practices Act (FCPA). Magyar Telekom paid a $95 million penalty in December 2011 to settle parallel…
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Forex and commodities broker, HotForex just announced the collaboration with the German football legend Michael Ballack. The company celebrated the collaboration with a special event at its offices. The event was followed by the release of a 7-minute video presenting The 13 Golden Rules on How to Be the Michael Ballack of Trading. Commenting on the…
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This article was written by Brandon Russell, CEO of Etana Custody. On March 27, the Australian government passed a law designed to protect foreign exchange clients, closing a hazardous loophole that allowed brokerage companies to use client funds for operating capital or marketing campaigns, among other uses. Allowing brokers to use forex funds this way…
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Apart from Condor Gold (LON:CNR), OTC Markets Group Inc. (OTCMKTS:OTCM) today announced that Fortress Paper Ltd. (TSE: FTP), an international producer of specialty pulp and security paper products, has qualified to trade on the OTCQX Best Market. Fortress Paper upgraded to OTCQX from the Pink market. Fortress Paper begins trading today on OTCQX under the symbol…
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This article was written by Adinah Brown, content manager at Leverate. What’s it like to have the most expensive divorce in history? Ask the people of Britain, as Westminster finalises the cost of leaving the European Union. Anyone that has not been watching closely the machinations in Europe will find it surprising that there is…
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Redline Trading Solutions, the provider of high-performance market data and order execution systems for automated trading, today announced Patrick Lau as Director of EMEA Sales, operating out of Redline’s office in the City of London. Patrick’s success at Redline in building collaborative relationships with leaders of global banks provides a strong foundation for his promotion…
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OTC Markets Group Inc. (OTCMKTS:OTCM), operator of financial markets for 10,000 U.S. and global securities, announced Condor Gold (LON:CNR), a UK based gold exploration company, has qualified to trade on the OTCQX Best Market. Condor Gold begins trading today on OTCQX under the symbol "CNDGF." We are pleased to welcome Condor Gold to our market…
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