If there are signs of hawkishness from the RBNZ this week, NZDUSD might have significant room to gain in the medium term. The current area slightly below 63c coincides with the 23.6% weekly Fibonacci retracement, but a breakout from here probably wouldn’t face significant for several cents upward except for this month’s earlier highs around…
Read more
The company’s board of directors has already found three candidates to take Gorman’s place but hasn’t disclosed their names. According to Reuters, co-presidents Ted Pick and Andy Saperstein, and head of investment management Dan Simkowitz are the most likely candidates for the role of Morgan Stanley's CEO. However, the three most mentioned contenders for Gorman’s…
Read more
Yorick Naeff, CEO at BUX, said: Dropping the Zero in the BUX Zero name signifies our commitment to this flagship application and shows that we are more than just a price leader. We are incrementally increasing access to financial markets and the ease-of-use of our app through automated investing, interest on uninvested cash, and access…
Read more
The regulator further outlined that such in scams usually fraudsters claim to be officers or representatives of CySEC or real or fake authorities. The scammers usually claim to be CySEC officers or representatives or other real or fake bodies. The scammers usually approach investors via email which contains the name, address, official stamp and logo…
Read more
Admirals stated: The restructuring stems from the fundamental necessity and choice to expand the Group’s presence globally, as the Company has substantially positioned itself in new regions during recent years. The on-going change shall have no impact on the existing Group’s clients. Albeit the restructuring, Estonia remains the Company’s strategic location. The Company continues to…
Read more
The official announcement detailed that Binance, who was launched in 2017, today has a daily spot volume of around $20B, 1,400 spot pairs to trade. With the newly announced integration of Binance’s Spot trading, TradingView now supports trading of 350 tokens including well known once like Bitcoin and Ethereum and alternative tokens such as ApeCoin…
Read more
Conspiracy theories A digital currency could allow countries to bypass traditional payment systems and engage direct trade with the US and by doing so, reduce the role of intermediaries like banks. Some have suggested that a digital currency could allow the US to default on its debt without actually defaulting. This could be possible if…
Read more
ASIC found Saxo's TMDs for derivative products to be inappropriate, particularly concerning retail clients who use CFDs as a significant part of their investment portfolio, clients with investment timeframes of up to one year or up to three years, and specific instruments sought by retail clients for growth and income. CFDs are derivative contracts with…
Read more
In 2022, TCUK achieved a gross profit of £508,806, considering direct expenses of £250,434 on its total revenue. However, the company did not generate income from other streams during that year, whereas it earned £60,812 as "other operating income" in 2021. Notably, the company effectively reduced its administrative costs from £408,100 to £354,237, further contributing…
Read more
Revenue from foreign exchange and payments services were key contributing factors, specifically from spot and forward transactions, which made 92% and 8% of revenue respectively. In comparison, spot brought in 89% during the prior year and forwards - 11%. In 2022, the Group expanded its payments capabilities and the currency pairs rose from 42 to…
Read more