John Hardy, Head of FX Strategy at Saxo Bank, takes a look the plunging USDJPY, as investors flee Japanese stocks and the BoJ's failure to contain yen raises doubts on stimulus efficacy. [divide] USDJPY punched down through 116.00 in early US hours yesterday as US equities followed up the ugly European session with heavy selling in…
Read moreThe GWAZY Trader App is ready for downloading on iTunes and is compatible with the iPhone, iPad and iPod Touch. GWAZY Ltd. has just released the GWAZY Trader – the iPhone version of the GWAZY trading platform and method. Apple users can now download the GWAZY trading application and trade Forex, gold, commodities and indices. The…
Read moreCySEC-regulated retail Forex broker FXPRIMUS has announced an addition to its lineup of payment methods. The company has teamed up with Singapore-based payment services provider YuuPay, in a move expanding FXPRIMUS's reach in the Far East. The broker's clients in Thailand, China, Dubai and Singapore will be able to benefit from fast and secure YuuPay…
Read moreDubai Commodities Clearing Corporation (DCCC) will implement new margin requirements for a set of 17 Forex, energy and metals contracts and 12 equities futures contracts, effective Wednesday, February 10th. The company will cut the amount of initial margin required for trading: AUD/USD, EUR/USD, INR/GBP, CHF/USD, Copper. The margin required will be raised for Gold (Spot…
Read moreIG's head of global business development Tal Zohar explains all about the IG Affiliates program.
Read moreThe following article is courtesy of Marshall Gitler, Head of Investment Research for FXPRIMUS. [divide] The market is starting to get worried about the global financial system again. In particular, the European banking system is worrying people considerably. Since the beginning of last year, European bank stocks have done even worse than the oil &…
Read moreUK online Forex, CFD and spreadbetting broker CMC Markets plc (LON:CMCX) has had somewhat of a rocky start as a public company. The company's shares dropped 5% on Monday to close at £2.28 in their first full day of trading on the London Stock Exchange, following CMC's IPO last week at £2.40 per share. Nearly 4 million CMC…
Read moreMarkets operator and provider of post trade risk mitigation and information services ICAP plc (LON:IAP) has just published a trading statement for the third quarter of its fiscal year to March 31, 2016, with revenues for the period down but the proposed deal with Tullett Prebon Plc (LON:TLPR) being on track. In November 2015, ICAP agreed…
Read moreLeading Australian retail Forex and CFD broker AxiTrader has just announced a set of new additions to the offering for its clients, including the launch of a browser-based version of the popular MetaTrader 4 (MT4) platform, new trading instruments and lower spreads. MT4 WebTrader AxiTrader has joined the group of Forex brokers offering the web version…
Read moreThe stock market can be a very unforgiving place. Following our report yesterday that money transfer services provider OzForex Group Ltd (ASX:OFX) was calling off its acquisition talks with The Western Union Company (NYSE:WU), OzForex shares took a nosedive to the tune of 42%, closing the day Monday at AUD $1.79. The previous day's close was AUD…
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