Forex Weekly Look Back: Australia cuts rate to record low, key traders’ demands discussion, and more LeapRate

the most popular Forex industry news from the past week

March 06, 2020 BY Steffy Bogdanova

Forex Weekly Look Back: Australia cuts rate to record low, key traders’ demands discussion, and more

Looking back at the most intriguing and popular Forex industry news from the past week at LeapRate. Jan Kotowski, X Open Hub’s International Business Developer and a financial market enthusiast and individual trader with over 11 years of experience joined LeapRate to discuss the year ahead for X Open Hub, key traders’ demands in 2019…

March 05, 2020 BY Valentina Kirilova

Daily Market News: Biden bounce short lived as virus spread continues

Adam Vettese, UK Market Analyst at eToro, has provided his daily commentary on traditional and crypto markets for March 5, 2020. While the coronavirus epidemic was still very much front of mind on Wednesday, Joe Biden’s Super Tuesday surge in the race for the Democratic nomination drove markets higher. Previously, Bernie Sanders’ former status as…

March 05, 2020 BY Steffy Bogdanova

TechFinancials converts loan into Footies

Fintech provider TechFinancials, Inc., announced that following 15 July 2019 funding agreement with for subsidiary Footies Ltd, the company has converted its $300,000 loan into 4,285 new shares of £0.01 in Footies Ltd. The transaction was at approximately $70.00 per share and amounted to valuation of US $1,000,000 post-money for Footies. After the transaction TechFinancials…

March 05, 2020 BY Valentina Kirilova

FXCM Pro starts onboarding clients with FlexTrade’s MaxxTrader

FXCM Group, LLC, the international provider of online forex and CFD trading, has just announced that FXCM Pro is about to start onboarding clients with FlexTrade System’s MaxxTrader solution across the LD4 hosting centre. LeapRate reminds that FXCM Pro started its partnership with FlexTrade last year. MaxxTrader is an end-to-end, dedicated and customisable solution covering…

March 05, 2020 BY Steffy Bogdanova

Sweden calls for action on Ukraine crypto fraud scheme

The Swedish Minister of Foreign Affairs Ann Linde has urged Ukraine to take action against the alleged cryptocurrency fraud operation targeting vulnerable inexperienced investors in Sweden, Australia, New Zealand and UK. Swedish national newspaper Dagens Nyheter (DN) exposed the so-called “fraud factory”, operating from Kyiev after investigation. Ukraine-based Milton Group allegedly defrauded investors by offering…

March 05, 2020 BY Steffy Bogdanova

FCA retracts warning against Kraken but BitMEX alert stays up

United Kingdom Financial Conduct Authority (FCA) quickly took down an official warning against Kraken after apparent confusion but alert about BitMEX remains active. The UK watchdog published a notice on its website on 3 March to warn citizens against Kraken. The warning stated that the second-largest U.S. cryptocurrency exchange by volume is not authorized to…

March 05, 2020 BY Valentina Kirilova

Daily market commentary: The US dollar is once again recording losses

ActivTrades’ Market Analysts prepared their daily commentary on traditional markets for March 5, 2020. This is not a trading advice. See details below: FOREX The US dollar is once again recording losses to other major currencies, especially in the case of the traditional safe haven yen, which traded at 107.27 versus the greenback during the…

March 05, 2020 BY Steffy Bogdanova

Cboe sets trading records with February volumes

Cboe reported their February 2020 volumes, making great raises compared to February the previous year. Options ADV are up with 64%, Futures by 88%, U.S. Equities by 30% and Global FX by 20% YoY. Cboe’s four options exchanges together set a new monthly ADV record with more than 11 million contracts traded in February. A…

March 04, 2020 BY Steffy Bogdanova

Moscow Exchange reports 19.9% MoM rise in February volumes

The Russian market operator Moscow Exchange Group (MOEX) reported RUB 69.4 trillion in trading volumes, a 19.9% increase MoM (RUB 57.9 in January 2020). Compared to last year, there is a 11.5% rise (RUB 62.3 trillion for February 2019). Spot FX Market registered the most growth MoM with 60%, followed by Derivatives Market with 40%.…

March 04, 2020 BY Valentina Kirilova

Daily Market News: Markets react to emergency rate cut

Adam Vettese, UK Market Analyst at eToro, has provided his daily commentary on traditional and crypto markets for March 4, 2020. Markets have bounced this morning as investors react to potential stimulus measures, including the Federal Reserve’s emergency rate cut yesterday. There is now a 90% chance of a cut from the ECB priced in…