February 01, 2023 BY Steffy Bogdanova

UK plans to regulate crypto and protect consumers

The official announcement further pointed out that crypto assets are relatively new and constantly evolving and as a new sector it continues to experience high volatility levels. Furthermore, the recent failures of high-profile companies following the collapse of FTX have “exposed the structural vulnerability of some business models in the sector.” The announcement stated: Our…

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February 01, 2023 BY Steffy Bogdanova

XS.com appoints Mohamad Ibrahim as Group CEO

Ibrahim has held a range of positions with different financial institutions throughout his career. He started in 2010 as Business Development Manager in FXCM. He has also previously served as Head of Global Sales and Business Development at Ikon Multibank Financial Group and a Business Development Advisor at Commanine. Additionally, Ibrahim worked as director at…

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February 01, 2023 BY Steffy Bogdanova

Midweek data: big week of central banks and the NFP

The chart itself definitely suggests that the euro has reached a plateau and might decline in the near future. Momentum to the upside has been low since the middle of January and the price has hovered in overbought for weeks while volume and ATR have both dropped significantly. Based on TA alone, one might expect…

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February 01, 2023 BY Steffy Bogdanova

eToro and Bridgeweave team up to launch an AI portfolio targeting high-growth US companies

Among the firms included in the first portfolio are Array Technologies, Monster Beverage Corp., McDonald’s and Johnson&Johnson. However, eToro noted that the portfolio is not available to its US users. Bruce Keith, CEO at Bridgeweave said: Wealth management is being disrupted by changing demand from next-gen digital investors who will transform an underprepared industry. Partnering…

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Weekly data: Oil and Gold price action before the NFP
January 31, 2023 BY Steffy Bogdanova

Daily market commentary: Gold prices are feeling the squeeze caused by a strengthening dollar

European Shares EU shares continued to drift on Tuesday, following another volatile session in Asia, as traders await this week’s central bank meetings. Most benchmarks traded lower in Europe, with all sectors moderately down, as investors weighed the latest patchy macro data from France and Germany, the two biggest economies of the Eurozone. In addition…

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January 31, 2023 BY Steffy Bogdanova

CMC Invest to launch in Singapore

According to the official announcement, the launch is expected for the end of the first quarter of 2023. CMC Invest will offer zero commission and real-time pricing in selected markets, including Singapore, the US, and Australia. The company has already recived similar licences in the UK and Australia. Christopher Forbes, head of CMSI, said: The…

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January 31, 2023 BY Steffy Bogdanova

Eightcap appoints Alex Howard as Chief Executive Officer

Murphy commented: Alex is an outstanding choice, bringing over a decade of experience in financial services, a deep knowledge of the derivatives industry and a proven track record of success in leadership roles. He was chosen after an extensive and extremely competitive selection process.” Murphy noted that since establishing Eightcap in 2009, the company has…

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Monex Group
January 30, 2023 BY Steffy Bogdanova

Monex Group operating income, falls 18% in Q3 FY23, reports net loss in TradeStation and crypto business

The basic earnings per share year-to-date also fell significantly to ¥7.27 from ¥48.19 reported for the same period in 2021. Three major segments contribute to the business performance of the group - the Japanese segment, the US segment (TradeStation), and the crypto assets segment. The Japanese business of the group provides stable profits and TradeStation…

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