Weekly data: Oil and Gold price action before the NFP
October 03, 2022 BY Steffy Bogdanova

Daily market commentary: Gold prices are holding above the $1,660 level

European Shares Share markets fluctuated in Europe on Monday, following the mixed trading session registered overnight in Asia, as traders start their week on a cautious note. The bearish sentiment remains towards riskier assets as investors are weighed down by lingering inflation fears and tightening monetary conditions ahead of another busy week on the macro…

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Hong Kong regulator SFC
September 30, 2022 BY Steffy Bogdanova

HK SFC charges thirteen people in a ramp-and-dump syndicate case

The SFC alleges that the syndicate members organised and executed the schemes in the shares of two Hong Kong-listed companies through different social media platforms. They manipulated the trading of a large volume of those shares by using a substantial number of nominee accounts. The regulator stated: In implementing the schemes, the syndicate members were…

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Daily Market Commentary
September 30, 2022 BY Steffy Bogdanova

Daily market commentary: The US dollar index is on track for a third consecutive session in the red

European Shares EU shares pared some of yesterday’s losses this morning, edging higher as market sentiment improved slightly for the end of the week. Investors drove most benchmarks higher on Friday, in a corrective bullish move following another annual low in session yesterday, as they cheered positive macro data from the UK, France and Germany.…

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September 30, 2022 BY Steffy Bogdanova

Binance announces launch in New Zealand

Binance’s CEO Changpeng Zhao said: New Zealand is an exciting market with a strong history of fintech innovation and our team of Binancians in New Zealand are working hard to bring the freedom of crypto to Kiwi. The exchange also revealed that General Manager Ben Rose will take the helm of Binance New Zealand. Rose…

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September 29, 2022 BY Steffy Bogdanova

FCA ceases synthetic sterling LIBOR at end-March 2023

FCA stated: We have no intention to use our powers to compel IBA to continue to publish the 1- and 6-month synthetic sterling LIBOR settings. The regulator added: Market participants need to ensure they are prepared for the permanent cessation of 1- and 6-month synthetic sterling LIBOR on 31 March 2023. However, the deadline for…

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September 29, 2022 BY Steffy Bogdanova

Patrick Eltridge joins Nomura as Group Chief Information Officer

Patrick Eltridge commented: Nomura is a recognized leader in its home market with an increasingly global presence and international growth strategy. I am excited to join the firm as it undergoes a digital and data transformation to deliver a better experience for clients and employees. Eltridge has previously served as the Chief Operating Officer at…

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Reduced retail sales curbs the pound
September 29, 2022 BY Steffy Bogdanova

Daily market commentary: Sterling posted the largest daily gain in relation to the US dollar since June

European Shares European markets pared gains and even registered further losses on Thursday, following a global trend, as a risk-off trading stance remains well in place in investors’ minds. Market sentiment stays significantly weighed down by rising uncertainty, brought to the markets by higher borrowing costs, elevated price pressure and the prospect of an economic…

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Advanced Markets collaborates with Takeprofit Tech
September 29, 2022 BY Steffy Bogdanova

Advanced Markets UK's revenue up 13% in 2021

Advanced Markets UK reported $10,330 in profits for 2021, compared to a loss of $111,367 in the previous year. This is the first time the UK entity turned profit since it was established in 2018. The company stated in the Companies House filing: The results for the period were in line with the expectations of…

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September 29, 2022 BY Steffy Bogdanova

Midweek data: US PCE and final GDP in view

However, sentiment on monetary policy and economic conditions has changed rapidly over the last few days, so it makes sense in the context not to rely too much on the chart. In the unlikely event of a significant revision upward in American GDP for the second quarter, the price might push sharply lower in the…

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