The UK government’s plans for an unfunded fiscal expansion is seen by most as an unorthodox and risky move. Therefore, it is likely to continue to cast a shadow over the country’s economic stability, keeping the pound under pressure. Ricardo Evangelista – Senior Analyst, ActivTrades Disclaimer: opinions are personal to the authors and do not…
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The forex scheme According to the CFTC, the fraudulent scheme ran from October 2019 to June 2021. The operators used different websites and social media platforms to advertise their forex trading pool “The Black Club” and “The Forex Savings Club.” They were marketed as a version of a savings account that offered a greater yield…
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The September FX activity was led by a 36% MoM surge in SGX USD/CNH futures to 1.6 million. SGX INR/USD futures also jumped 25% MoM and 26% YoY to 1.63 million contracts. Derivatives daily average volume (DDAV) increased to 1.05 million contracts, registering a 14% rise compared to August 2022. The exchange also achieved a…
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Coinbase has been working to increase its presence in the Lion City. Last year, the crypto company announced Singapore as a tech hub for Coinbase. Since then, the exchange has hired and trained product managers and engineers on Web3 technologies. The announcement further detailed that the team leading the firm’s venture business, Coinbase Ventures, has…
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TA would traditionally suggest an ongoing movement lower with there being no overbought signals from either the slow stochastic or Bollinger Bands and a fairly clear rejection around $1.15. The medium-term target might be 27 September’s closing low slightly above $1.07. However, the liveliness and duration of the dollar’s uptrend so far this year might…
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D3 Lite provides key features to automate and enhance pricing and distribution through an intuitive GUI, together with additional auditing functionality. Peer Joost, CEO of DIGITEC, commented: We are already witnessing the Swap market’s rapid growth and continued evolution to a more automated and electronic market. A trend that will continue over the next few…
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The sell-off in gilts is driving the UK’s borrowing costs up and weighing heavily on the pound. As there is no end in view for this dynamic, the pound is likely to accumulate more losses to the dollar and the euro. Ricardo Evangelista – Senior Analyst, ActivTrades Disclaimer: opinions are personal to the authors and…
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M4Markets Group CEO, Mr. Panikos Teklos, commented that: M4Markets has grown significantly over the past two years and strategically it was the logical next step for us to penetrate the European market as a lot of the European traders are experienced and as passionate about trading as we are. We are committed to maintaining the…
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Customer income for Q3 2022 stood at $149.4 million, slightly down from Q3 2021’s $156.9 milllion. Plus500’s CEO, David Zruia, commented: Plus500 has continued to outperform in 2022, driven by the power of our market-leading proprietary technology and our on-going ability to attract and retain higher value, long-term customers. We have made further traction in…
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The average daily volume in FX for last month came in at $24.22 billion. Compared to August’s $19.67 billion this was a 23% MoM rise. Total Cash Market numbers stood at $226.8 in September 2022, up 13% compared to August 2022. However, on yearly basis, this was an 18% drop. Derivatives markets on Euronext also…
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