June 01, 2021 BY Steffy Bogdanova

Weekly forex data: markets look ahead to the NFP

The golden cross of the 50 SMA over the 100 a fortnight ago came ahead of more gains, although price has now moved clearly into overbought based on the slow stochastic (15, 5, 5). The weekly Fibonacci fan has probably lost relevance now that the medium-term trend is clearly upward, but 61.8% might still limit…

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Skrill
June 01, 2021 BY Steffy Bogdanova

Skrill and Wix partner to bolster e-commerce business growth

A single integration to Skrill’s payment gateway allows the use of alternative payment methods such as the Skrill digital wallet and other Paysafe services including online bank transfer solution Rapid Transfer and online cash solution Paysafecash. Lorenzo Pellegrino, CEO of Skrill, NETELLER and Income Access at Paysafe, said: The last year has been a pivotal…

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SGX
June 01, 2021 BY Steffy Bogdanova

SGX names Pol de Win Head of Global Sales and Origination

Loh Boon Chye, Chief Executive Officer of SGX, commented: As we enter a new growth stage, we are pleased to welcome Pol to SGX.  He adds perspective and experience honed from a vast network of relationships with regional issuers, global investors and major exchanges.  With Pol’s leadership, we look forward to broadening and deepening the…

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daily market analysis
June 01, 2021 BY Steffy Bogdanova

Daily market commentary: The euro is gaining ground on the dollar

EUROPEAN SHARES  European markets climbed significantly higher on Tuesday, carrying on the trend from another strong trading session in Asia overnight. Investors seem determined to send stock prices higher on the first day of the month amid a fresh boost to market sentiment provided by solid Chinese macro data as well as optimism about the…

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ASIC
June 01, 2021 BY Steffy Bogdanova

ASIC bans Union Standard director John Martin for 10 years

The Australian watchdog found that Martin was involved Union Standard’s failures to ensure that the financial services covered by its licence were provided efficiently, honestly and fairly. It was also found that Martin affected Union Standard’s failure to ensure TradeFred and EuropeFX complied with financial services laws. ASIC discovered that Martin did not implement or…

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May 31, 2021 BY Steffy Bogdanova

Saxo Markets appoints Richard Douglas as CEO of Hong Kong business

Richard Douglas commented: I am very honoured to take on this appointment. Saxo is on an exciting journey of transformation globally, and in Hong Kong we have a huge opportunity to become more relevant for more people, through our expanded offerings for investors and continued commitment to improving the client experience. As China’s economy and…

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eToro
May 31, 2021 BY Steffy Bogdanova

eToro partners with Racing League

Dylan Holman, global sponsorship senior manager at eToro commented: We are delighted to add eToro Racing to our global sponsorship programme. As a leading investment platform with over 20m registered users worldwide, we believe sponsorships are a powerful tool for delivering financial education and opening up the global markets to everyone. We are excited to…

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Bank of Japan Governor Kuroda casts doubt on Bitcoin
May 31, 2021 BY Steffy Bogdanova

Bank of Japan Governor Kuroda casts doubt on Bitcoin

Kuroda went on to differentiate Bitcoin from stable coins which are known to have their value backed up by assets. Stable coins are also obliged to meet regulatory governance codes and legal standards, meaning that the Governor is under the impression that they could well become a suitable trading alternative in the near future. Volatility…

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