Facebook’s Libra project has turned from being an exciting new wave of innovation to help the unbanked to a public relations nightmare of the first order, after a rigid backlash from U.S. Congressmen and a palpable thrashing from government officials across the globe. We now have new survey data that purports that consumers in both…
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ActivTrades’ Market Analysts have prepared for LeapRate their daily commentary on traditional markets for July 30, 2019. See details below: FOREX On Tuesday the Pound hit the lowest level against the US Dollar in more than 2 years. Sterling weakness results from increased chances of a no deal Brexit, which is seen by the markets…
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The U.S. Commodity Futures Trading Commission (CFTC) has informed the public yesterday that it has required Curtis Dalton of Middleton, Massachusetts to pay $200,000 for offering illegal off-exchange retail commodity transactions to U.S. and overseas customers while failing to be registered by the CFTC as required. Dalton offered transactions, which consisted of binary options in…
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Australian regulator ASIC has requested earlier today that exchange market operators do not admit any managed funds that do not disclose their portfolio holdings daily. Operators should also have internal market makers while it undertakes a review during the remainder of this calendar year. What is Internal market making? Internal market making occurs when a…
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Bitcoin struggled through worrisome weekend trading, continuing its slow and gradual descent from yearly highs, but finding support around $9,500. For one brief moment, bears mounted a solid attack that drove BTC prices down to $9,110, but buyers quickly stepped in to boost it back to its current level of support. If you do the…
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Information giant Thomson Reuters (NYSE:TRI) has confirmed last Friday that it and private equity funds affiliated with Blackstone are in discussions related to a possible acquisition of Refinitiv by the London Stock Exchange Group plc (LSEG). According to latest news, LSEG will acquire Refinitiv for a total enterprise value of approximately US$27 billion. New LSEG…
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The UK Financial Conduct Authority (FCA) has started the week by putting out details of several unauthorized firms. These companies are using the details of FCA authorised firms, trying to convince people that they work for a genuine, authorised firm. The following details have been given as part of scam tactics: Fidelity International (clone of…
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Mati Greenspan, Senior Market Analyst at FX broker eToro, has provided his daily commentary on traditional and crypto markets for July 29, 2019. The text below is an excerpt and does not contain the full analysis. The stable coin known as Tether has been under investigation for quite some time and now they will have…
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ASIC Regulated Australia-based multi-asset trading provider, ACY Securities, have just announced that they have appointed Justin Pooni, a financial markets marketing and branding expert, as their new Head of Marketing & Communications. Justin Pooni will be in charge of the firm’s strategic positioning, communications and digital strategy. Pooni has over 11 years’ experience in developing…
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ActivTrades’ Market Analysts have prepared for LeapRate their daily commentary on traditional markets for July 29, 2019. See details below: EUROPEAN SHARES European markets opened mixed following a decline in Asia overnight, as investors brace for what is going to be a very busy trading week. The focus will be on the U.S.-China trade talks…
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