Redmond Wong joins Saxo Markets as marketing strategist
March 23, 2022 BY Steffy Bogdanova

Saxo Markets hires Redmond Wong as market strategist for HK office

Richard Douglas, CEO of Hong Kong, Saxo Markets, commented: Saxo’s vision is to enable people to fulfill their financial aspirations and make an impact. To achieve that, we're not only offering clients access to more than 60 exchanges globally with over 40,000 instruments covering different asset classes, we're also providing timely, relevant and insightful research…

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TP ICAP
March 22, 2022 BY Steffy Bogdanova

TP ICAP adds market maker Hudson River Trading to its Digital Assets Spot platform

The new platform will launch once its registration process with the UK Financial Conduct Authority is complete. It will leverage the increasing demand from TP ICAP clients to trade spot cryptoassets. Additionally, the platform includes post-trade infrastructure providing straight through processing (STP) and payment netting services for settlement of trades across a network of digital…

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March 22, 2022 BY Steffy Bogdanova

Daily market commentary: The US dollar gains ground, following a speech by the chairman of the Fed

Gold Gold prices hedged down during early Tuesday trading, due to the precious metal’s inverted correlation with the US dollar. The greenback strengthened as the 10-year treasury yields reached 2.3% for the first time since 2019, after the Fed’s chairman, Jerome Powell, surprised observers by demonstrating an aggressive stance in relation to the need to…

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March 22, 2022 BY Steffy Bogdanova

Weekly data: British inflation and regional central banks

On the chart, a further leg down doesn’t seem immediately likely given the strength of the 100% weekly Fibonacci retracement around $1.307. This area represents full retracement of all the pound’s losses late in Q1 2020. However, the 50 SMA from Bands has recently death crossed the 100, so a phase of clear gains above…

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