The basic earnings per share for FY 2023 stood at 14.7 pence, down by 40%. The number of active clients saw a 9% decline on yearly basis at 58,737. However, the trading revenue per client increased to £3,968 by 11%. In addition, the number of active investing clients also fell 11% to 218,310. Lord Cruddas,…
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GCEX’s collaboration with Hex Trust will enable GC Exchange A/S to offer its institutional and professional clients nine additional assets for staking, including ETH, HBAR, Flare, Apecoin, etc. The official announcement added that new asset types will be included in the future based on client demand. Michael Aagaard, Managing Director, GCEX Denmark said: We have…
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EURUSD Euro doesn’t have any significant driving narrative against the US dollar, that’s why it’s likely to observe a reversal after the interest rate publication. The overall dynamics of EURUSD remain to be “technical”, as there’s no clear fundamental narrative is detected. AUDUSD The Australian dollar gained significant momentum after RBA raised the interest rate…
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$1.25 Resistance? Out of the H1 timeframe, I see the unit elbowed through $1.25 recently and is poised to retest the lower boundary as resistance. I know some traders will be watching the structure to the left of the price between $1.2427 and $1.2453 to form potential support (blue curve), though trendline support taken from…
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The move by UBS to acquire Credit Suisse represents the most significant banking deal since the 2008 global financial crisis. Ermotti and Kelleher added that there are challenges but also "many opportunities" for employees, shareholders, clients, and Switzerland itself. The newly created banking giant will oversee $5 trillion of assets, meaning UBS will now take…
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While the decision to end support for Cardano, Polygon, and Solana comes as part of the company's regular review, it also follows the three tokens being named as securities in the recent Securities and Exchange Commission (SEC) lawsuits against Binance and Coinbase. Currently, Robinhood offers users the ability to buy and sell 18 cryptocurrencies. However,…
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Emotional decisions can lead to dire consequences, especially when trading. Impulsive buys and sells rarely stem from organised thought processes, and thus they can be compared to the haphazard spin of a slots reel. Trading psychology suggests people have three core responses when faced with challenges: flee, fight, or freeze. These knee-jerk reactions can prevent…
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Successful day trading requires a combination of knowledge, skill, and discipline. Here's some advice to get started: Learn the basics: Before starting to day trade, it's necessary to have a solid understanding of financial markets and how they work, the types of assets available, and the factors that can impact prices. Develop a strategy: Successful…
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Before joining Acuity, Neighbour was Chief Investment Officer at Signal Centre, a company acquired by Acuity. Andrew Lane, CEO of Acuity Trading, commented: Joe's experience and expertise in retail trading will be invaluable as we continue to grow our business in these sectors. This appointment to Acuity's senior leadership team will ensure a steadfast focus…
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The companies will link up to combine StrikeX's expertise in tokenisation and self-custody technologies and CMC's extensive experience in financial services. In addition, CMC Markets will gain access to the latest blockchain-related products and services, allowing it to leverage the technology for its customers over the longer term. CMC added that the "arm's length investment"…
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