UK online trading leader IG Group Holdings plc (LON:IGG) has released its scheduled update on its revenue for the three months to 31 August 2019 (Q1 FY20), the first quarter of its financial year ending 31 May 2020 (FY20). Business performance Revenue in Q1 FY20 was £129.1m, 11% higher in comparison with the average of the…
Read more
Mati Greenspan, Senior Market Analyst at FX broker eToro, has provided his daily commentary on traditional and crypto markets for September 19, 2019. The text below is an excerpt and does not contain the full analysis. Hi Everyone, Perhaps the most influential man of the last decade and a personal hero of mine, the man…
Read more
ActivTrades’ Market Analysts have prepared for LeapRate their daily commentary on traditional markets for September 19, 2019. See details below: FOREX With yesterday’s long-time-coming announcement of a 25 basis points rate cut and subsequent hawkish performance by Chairman Jerome Powell, the North American central bank left the markets guessing. Mr Powell’s message hinted at moderate…
Read more
The latest news from India is that executives for crypto related entities are in the process of moving offshore. The rather drastic consequence is a direct result of a proposed law that would criminalize all things crypto in “the first large democracy to ban an innovative technology such as crypto.” 10-year jail sentences would apply…
Read more
The Libra “coals” are heating up again. The Bank for International Settlements (BIS), the central bank for all other central banks, is concerned about the Libra Project. At its behest, it has arranged for a major meeting to take place between representatives from Facebook’s Libra executive team and officials from 26 central banks across the…
Read more
According to Gartner, one of the world’s most respected consulting firms when it comes to divining new market trends, blockchain technologies will transform most, if not all, industries about the globe over the next decade. The firm just completed its latest annual survey on the topic and has determined that corporate CIOs are definitely on…
Read more
AMarkets comments on the Trump vs the Fed hot topic in a special guest post exclusive to LeapRate. “Boneheads” is a new word we have learned thanks to Donald Trump. Once again, Mr. Trump confronted the Federal Reserve on the issue of not slashing the interest rates as he’d prefer. In short, he claims that zero-equivalent…
Read more
Analysts tend to get complacent when their favorite asset goes into ranging mode for an extended period of time. BTC has been range bound for more than thirteen weeks, hovering about $10,300, as if “low volatility” was its middle and last name. We have seen a dearth of recent outlandish predictions of how high the…
Read more
Marex Spectron, the global commodities firm, has announced that it has launched Marex Financial Products. Marex Financial Products is a structured note business that broadens its range of product offerings and helps diversify the firm’s funding and is part of Marex Solutions, the firm’s OTC derivatives arm. Marex Financial Products leverages Solutions’ fintech platform which…
Read more
ActivTrades’ Market Analysts have prepared for LeapRate their daily commentary on traditional markets for September 18, 2019. See details below: FOREX All major currencies are trading within narrow ranges on Wednesday, as the FED meeting scheduled for later today has captured the attention of investors, awaiting to hear about the decisions and forward guidance, before…
Read more