Mati Greenspan, Senior Market Analyst at FX broker eToro, has provided his daily commentary on traditional and crypto markets for July 16, 2019. The text below is an excerpt and does not contain the full analysis. It seems like everybody's talking about Libra lately, and I do mean everybody. Yesterday afternoon, the Secretary of the…
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Busy days for the EU’s securities markets’ regulator ESMA, as the regulator has just published a public consultation on draft guidelines on performance fees under the Undertakings for Collective Investments in Transferable Securities (UCITS) Directive. LeapRate reminds that last week, ESMA has published a statement, addressed to providers marketing, distributing or selling CFDs to retail…
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All-asset class order and execution management system (EMS), TradingScreen Inc. (TS), has announced a certified integration with thinkFolio, IHS Markit’s investment management platform. The companies' mutual clients can benefit from a standardised and certified interface between the two platforms which will provide scalability and reduce costs. thinkFolio clients will now have access to TradingScreen’s EMS…
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ActivTrades’ Market Analysts have prepared for LeapRate their daily commentary on traditional markets for July 16, 2019. See details below: FOREX The Pound is down, almost 0.4% against the U.S. dollar. Sterling weakness is justified by the increasing likelihood of a no deal Brexit. Both candidates to be the next UK Prime Minister voiced their…
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The Securities and Exchange Commission (SEC) has yesterday informed the public that it has instituted two related enforcement actions against Nomura Securities International Inc. The Japanese financial holding company has agreed to repay approximately $25 million to customers for its failure to adequately supervise traders in mortgage-backed securities. Nomura bond traders made false and misleading…
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The UK Financial Conduct Authority (FCA) has put out details of two more clone firms this week - J and E Davy and AZR Capital. Fraudsters are using the details of firms, authorised by the FCA, to try to convince people that they work for a genuine, authorised firm. Fraudsters are using or giving out…
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If anyone was waiting for a bargain price for Bitcoin below $10,000, they had a brief chance to buy at $9,850 and above, as the world’s favorite digital asset plummeted over the weekend. During its momentous rise to stardom, the one characteristic that has stood out most over recent months is that, once again, volatility…
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It seems that Bitcoin has one more skeptic, one who had yet to register his exalted opinion until this past Thursday. The “Tweeter-in-Chief”, President Donald Trump, let it be known via his infamous tweeting channel that he is not a fan of cryptocurrencies. His scorn also included Facebook’s Libra project: “If Facebook and other companies…
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Some US states have already introduced the option of paying your taxes with bitcoin. Now, Canada is speeding up with the bitcoin tax "craze". Reportedly, the city of Richmond Hill is the first Canadian city to do trials with bitcoin tax payments. Citizens will be able to pay their municipal taxes in the "people's currency".…
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Right now, it is vital for cryptocurrencies to gain some regulatory "love", otherwise the future of digital coins is bleak. Just now, the US suggested that they will discourage tech companies from issuing digital currencies, and it seems by all means that Donald Trump, the US President, is not a fan of crypto. Probably the…
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