March 17, 2022 BY Steffy Bogdanova

Daily market commentary: The US dollar index hedged down, following the announcement of the first interest rate hike since 2018

Gold Gold prices rose during early Thursday trading, benefiting from the weakening of the dollar, due to the inverted correlation between the two assets. The greenback lost ground to other major currencies after Wednesday’s rate hike and Fed’s hinting at several more increases until the end of the year, as the move had already been…

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March 17, 2022 BY Steffy Bogdanova

Swissquote confirms 2021 record growth

Swissquote also published its guidance for 2022 and medium-term for 2025. The company noted that during the two first months of 2022, it experienced strong customer growth. It’s expectation for net revenues in 200 is to reach CHF 475 million. The company also expects net revenues and pre-tax profit to be CHF 750 million and…

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Forex.com Canada
March 17, 2022 BY Steffy Bogdanova

FOREX.com expands offering in Canadian market

Glenn Stevens, CEO of the retail business of StoneX Group Inc., commented: Our mission at StoneX is to open markets, and this expansion of our FOREX.com offering in the Canadian market is an important part of providing comprehensive access to the retail investor. We also give retail investors the ability to trade the way they…

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Alpha FX
March 16, 2022 BY Steffy Bogdanova

Alpha FX reports 94% jump in profits in 2021

Basic earnings per share stood at 57.7p, up  82% compared to the previous year. The Group decided to pay a dividend of 8 pence per share to its shareholders, which makes the total dividend distribution for the financial year 11 pence. Alpha FX also reported that the number of clients rose 27% from 754 to…

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SEC fraud
March 16, 2022 BY Steffy Bogdanova

SEC files fraud charges in a $58 million penny stock scheme

Furthermore, the Commission alleged that defendants were paid $10 million for promoting thinly traded stocks, which they misled investors to believe had high prospects for success. Paul Levenson, Director of the SEC’s Boston Regional Office, said: These scam artists went to great lengths – using bogus companies, aliases, and spoofing their phone numbers – to…

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IG Group
March 16, 2022 BY Steffy Bogdanova

IG Group sees 13% rise in Q3FY22 revenue

IG Group’s CEO, June Felix, commented: I'm delighted to be reporting another quarter of outstanding performance driven by a record number of clients trading in the period. All-time high number of clients IG Group also reported a record number of active clients. During the third quarter, the numbers reached 292,200, compared to the same period…

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March 16, 2022 BY Steffy Bogdanova

Daily market commentary: It is expected that the US central bank will hike interest rates

European Shares European shares jumped at market open on Wednesday, alongside Asian equities, and US Futures contracts, amid improving global market sentiment. The “risk-on” trading stance is back on track everywhere, and market panic is clearly fading as investors digest the latest positive macro developments brought by both China and Russia/Ukraine diplomatic talks. The strong…

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March 16, 2022 BY Steffy Bogdanova

BDSwiss names Nicolas Shamtanis CEO

Shamtanis's role at BDSwiss The BDSwiss highlighted that Shamtanis’s role will be pivotal in elevating the brand’s global presence and expansion plans. Nicolas Shamtanis commented: I am delighted to take on the role of CEO at such an exciting but also challenging time, as BDSwiss enters a new phase of growth, with plans to extend…

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March 16, 2022 BY Steffy Bogdanova

Weekly data: sentiment recovers ahead of the Fed

A return to strength looks unlikely as of now based on TA. Although yesterday’s test of the 23.6% weekly Fibonacci retracement area has been rejected for now, selling volume has been high since last week and the downward reaction on 9 March from the area of the all-time high has been very strong. With ATR…

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Acquisition
March 16, 2022 BY Steffy Bogdanova

Trading Technologies announces acquisition of RCM-X

The technology provider also offers comprehensive trade analytics and independent transaction cost analysis (TCA) solutions and back-testing and simulation services. Its engineering team can work together with clients to develop bespoke algorithmic strategies or fully automated solutions specifically designed for their trading objectives. Joe Signorelli, RCM-X CEO, said: We’re extremely proud of what we’ve built…

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