In a surprise move, the Bank of Thailand announced that its Monetary Policy Committee had voted five to two to reduce its benchmark interest rate immediately by 25 basis points, reducing its 1.75% rate back down to 1.50%. It was the first change in rates since 2015. The Thai Baht had been the strongest performing…
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There is an old adage that counsels: “Keep your friends close, but keep your enemies closer.” The Bitcoin ecosphere has a hefty share of enthusiasts, zealots, and supporters, but there is also a loud and outspoken group of detractors that includes politicians of high rank, Nobel laureate economists, government officials, and ordinary citizens that profess…
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Edgewater Markets LLC., a global electronic currency trading business, recently launched Edgewater Digital Technologies, a new company that is establishing an institutional on-ramp for digital asset trading. As a result, Edgewater is realigning its senior operational leadership to support an organization restructuring to accelerate business strategy, new business and product creation strategy. With over 25…
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Esports organisation G2 Esports has announced that it has extended its partnership with paysafecard, Paysafe Group's online prepaid payment provider. The paysafecard brand will be promoted across G2 Esports' social media channels and Twitch live streams. paysafecard has been serving the gaming community since it was founded in 2000. With paysafecard we have been…
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The following article is courtesy of Match-Trade Technologies. Many companies that have been operating in the Forex market for a long time, at some point start considering expanding their business and becoming a Liquidity Provider. Most often they are medium or large currency brokers but also technology providers and experienced business specialists cooperating with large…
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ASIC Regulated Australia-based multi-asset trading provider, ACY Securities, just announced that they have appointed Russell Sandiford as their new Chief Market Analyst. Sandiford has over 16 years’ experience in the global FX, indices and commodities markets and has a strong track record in providing targeted, timely and accurate analysis of these markets. Having previously worked for…
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Mati Greenspan, Senior Market Analyst at FX broker eToro, has provided his daily commentary on traditional and crypto markets for August 8, 2019. The text below is an excerpt and does not contain the full analysis. Today's Highlights Markets Bounce Back: Today’s price action slightly resembles the rally that we’ve experienced earlier this year, when…
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Although the financial press rarely covers the issue, there is a competitive race, an “arms” race, if you will, taking place across the globe, as various national interests do their level best to attract the greatest and the finest of crypto related enterprises to relocate or set up shop in their locales. The “level best”…
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ActivTrades’ Market Analysts have prepared for LeapRate their daily commentary on traditional markets for August 8, 2019. See details below: FOREX It was a turbulent start to the week, which saw the Yuan break the 7 to $1 level, as well a sharp rise of traditional safe haven currencies, like the Yen and the Swiss…
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RoboMarkets (RoboForex group) has just announced that it has received a license that allows providing services on Forex and CFD markets from Malaysia. RoboMarkets Asia Ltd has received the Malaysian license (license No. MB/19/0034) from the Labuan FSA and opened a regional headquarters in Labuan. The company has also opened a marketing office located in…
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