Daily Market News: Market gives back all its gains from St Patrick’s Day rally LeapRate

March 18, 2020 BY Valentina Kirilova

Daily Market News: Market gives back all its gains from St Patrick’s Day rally

News broke yesterday that President Trump’s administration is seeking a trillion-dollar stimulus package that could include sending Americans $1,000 checks in the coming weeks. Following this, 10-year US Treasury yields climbed back above 1%, having been below half that rate earlier in the month. Treasury Secretary Steven Mnuchin reportedly warned Republican senators that without action…

March 18, 2020 BY Steffy Bogdanova

OANDA introduces MetaTrader 5 multi-asset platform in Japan

Kurt vom Scheidt, Chief Operating Officer with OANDA, commented: A global leader in online multi-asset trading services, OANDA was built on the foundations of transparency and integrity. Over the course of our 24-year history, we’ve worked hard to meet the ever-changing needs of our clients. That’s why we’re pleased to announce the launch of MetaTrader…

March 17, 2020 BY Steffy Bogdanova

INTL FCStone joins Bloomberg’s trading platform FXGO

INTL FCStone Inc announced today that its London-based subsidiary, INTL FCStone Ltd’s Foreign Exchange desk has joined Bloomberg’s electronic trading platform, FXGO, as a liquidity provider. The affiliation allows INTL FCStone Ltd to offer market participants added efficiencies for FX trading. Bloomberg’s FXGO enables service providers to contribute executable pricing across a wide arsenal of…

March 17, 2020 BY Steffy Bogdanova

Financial institutions join forces to develop blockchain-based platform FundsDLT

Robert Scharfe, CEO of the Luxembourg Stock Exchange commented: The launch of FundsDLT is an important step toward our shared goal of promoting the adoption of blockchain and digital assets across the financial industry. The Luxembourg Stock Exchange has played a catalyzing role in this development, and it is exciting to see the expanding ecosystem…

March 17, 2020 BY Steffy Bogdanova

Euronext names Georges Lauchard Chief Operating Officer

The pan-European exchange, Euronext, announced yesterday the appointment of Georges Lauchard as Chief Operating Office. Lauchard will also become a member of the Managing Board of Euronext N.V., after all relevant corporate and regulatory approvals. Georges Lauchard has an international career in capital markets. His appointment will put him in a position to oversee Euronext…

March 17, 2020 BY Valentina Kirilova

FCA updates its warning list with more companies and clone firms

UK watchdog FCA has put out the details of several new unregulated companies, as well as few clone firms this week. The names of the latest additions to the regulator’s warning list are the companies Ignis Markets, Standard Bit Options, Carter FS, My Safe Market, Credit Union Fund, Walker Bryan, Bitcoin Evolution, STS Royals, and…

America is closed: coronavirus puts department stores at risk

March 17, 2020 BY Steffy Bogdanova

America is closed: coronavirus puts department stores and small businesses in peril

Retailers across the globe are shutting down stores to limit the spread of Covid-19. On 11 March the World Health Organization declared the coronavirus outbreak a pandemic and two days later US President Donald Trump declared national emergency. The past week a lot of contradictory events played out. As the seriousness of the spread was…

March 17, 2020 BY Valentina Kirilova

CySEC suspends CIF licence of M.G.T.M. Financial Services Ltd

The Cyprus Securities and Exchange Commission (CYSEC) announced yesterday the suspension of Cyprus Investment Firm (CIF) authorisation of the company M.G.T.M. Financial Services Ltd. The regulator suspended CIF licence 270/15 of M.G.T.M. Financial Services Ltd, due to the company’s decision to expressly renounce it. The complete announcement can be seen here. Read more recent regulation…

March 17, 2020 BY Valentina Kirilova

Daily market commentary: Oil continues to struggle

ActivTrades’ Market Analysts prepared their daily commentary on traditional markets for March 17, 2020. This is not a trading advice. See details below: GOLD Despite the rebound of European stocks, gold is unable to sustain any solid recovery and is still trading below $1,500. Yesterday we had a first attempt at a recovery, as the…

March 17, 2020 BY Valentina Kirilova

Daily Market News: Markets bounce after Dow posts second worst day of all time

Adam Vettese, UK Market Analyst at eToro, has provided his daily commentary on traditional and crypto markets for March 17, 2020. In a reversal of fortune, having posted one of their worst days in history on Monday, US indices were halted by their 5% limit-up circuit breaker as the market bounced overnight. They have since…