Analysts from Bank of America predict that the Bank of England will hike interest rates again in September due to the Monetary Policy Committee’s (MPC) June 2023 vote, which set new policy to meet the 2% inflation target by the end of 2023: a target which hopes to curb unemployment and economic decline. Don’t miss…
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60 industry leaders gathered to discuss ideas and address difficulties pertaining to investment possibilities, funding inclusivity, and reforms in the capital market. Topics included focusing on capital market promotions to grow the domestic-centred issuer pipeline, strengthen market vitality, increase the investor pool, and expand leverage efforts for the sustainability of Malaysia’s leadership in the Islamic…
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Experts predict this niche will be worth trillions in years to come. As such, the market attracts more and more investors, and most think tech giants are the answer to getting one’s hands on a slice of the AI share pie. Although it is true that exchange-traded funds (ETFs) focusing on stocks such as Microsoft…
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It also reported a consolidated net income of $799m and revenue of $2.34bn for the period ending 30 June 2023. Intercontinental Exchange’s adjusted revenue totalled $1.89bn, on par with Wallstreet speculations. Don’t miss out the latest news, subscribe to LeapRate’s newsletter Other notable figures include the $955m consolidated operating income and operating margin of 51%,…
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The financial watchdog questions the suitability of eToro’s contract-for-differences (CFD) target market. A CFD is a leveraged derivative contract that allows a trader to invest in the value changes of underlying assets. ASIC alleges that eToro’s CFD market is too wide considering the high-risk and volatile nature of this trading niche, where most lose their…
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Absent any obvious support on the daily chart, technicians are likely to target the 38.2% and 61.8% Fibonacci retracement ratios derived from legs A-D at ¥141.33 and ¥139.74, respectively. Daily Chart: TradingView Weekly Alternate AB=CD Bearish Pattern Also in Play Interestingly, on the weekly timeframe, we can see that price action has also been working…
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GAAP earnings per share came in at $0.03 as opposed to the analyst forecast of an estimated $0.02 loss. Similarly, Robinhood’s reported revenue of $486m, a sequential 10% increase, was more than the $472m estimation. The company attributed this rise to higher proxy and net interest revenues, partially offset by decreased transaction-based revenues. However, the…
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This CUSIP Entity Identifier (CEI) is a unique 10-character code for each legal entity with a corporate loan. CUSIP Global Services developed the code in collaboration with the Loan Syndications and Trading Association (LSTA) and Versana, an industry-backed data and technology company. The CEI will provide transparent insights into the underlying legal entities involved in…
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Higher Timeframe Trend Indecisive We can see that from the weekly timeframe—a chart often employed to identify the primary trend (assuming you’re a fan of Dow Theory)—price action has gradually decreased since February 2021. However, the recent pullback (the local uptrend since pencilling in a bottom around $18.00 in August 2022) tells me that the…
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The concept is simple: participants are required to fund their Tickmill account with a minimum of $200 and trade focusing only on FX, Gold, and Silver CFDs. Depending on their Tickmill account type, traders will receive cash rewards of up to $2 per lot traded. As traders engage in more trading activity, they will have…
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