Mati Greenspan, Senior Market Analyst at FX broker eToro, has provided his daily commentary on traditional and crypto markets for October 23, 2019. The text below is an excerpt and does not contain the full analysis. Hi Everyone, They're at it again. What began as an innocent one-time cash injection to keep markets from drying…
Read more
Economic news from China this past Friday was, in a word, “tepid”. For the first time in three decades, Chinese government officials are admitting that economic growth may decline below 6%. Foreign investment is already at 4.5% levels, suggesting there is not much in the pipeline that could boost data any time soon. The lagging…
Read more
ActivTrades’ Market Analysts have prepared for LeapRate their daily commentary on traditional markets for October 23, 2019. See details below: FOREX The Pound lost approximately 1% of its value, in relation to the US Dollar, following yesterday’s votes in the British parliament. Lawmakers delivered a mixed verdict, approving the Brexit withdrawal bill but rejecting the…
Read more
Refinitiv, formerly the Financial and Risk business of information giant Thomson Reuters (NYSE:TRI), has announced the addition of next-generation digital tools for wealth portals. The new digital tools aim to deliver a customizable suite of widget capabilities designed to support the experiences of wealth management firms on Refinitiv’s portal. The company's HTML-5 responsive widgets provide a…
Read more
The Association of National Numbering Agencies (ANNA) has announced today the launch of a new Technology Taskforce (TF-22) on Digital Assets to help examine how ISINs may be able to help identify possible harmonisation of standards. TF-22 will examine the identification of digital assets such as tokens and cryptocurrencies, blockchain technology and its’ associated evolution…
Read more
Australian regulator ASIC has announced earlier today that it has suspended the Australian financial services (AFS) licence of Sydney-based financial services provider KP International Group Australia Pty Ltd (KP International) until 23 September 2020. According to the regulator, KP International did not adequately address systemic issues identified by the Financial Ombudsman Service (now Australian Financial…
Read more
Financial derivatives company MultiBank Group has just announced that it has teamed up with BMW M Motorsport to become its official partner. The first cooperation in this partnership will be the highly anticipated Macau Grand Prix. The event will take place the weekend of November 14-17th 2019 on the Guia Circuit, as Brazilian driver Augusto…
Read more
It has been three months since David Marcus, the titular head of Facebook’s Libra project, took the heat at Congressional hearings on Capitol Hill in Washington DC. As we reported at the time: David Marcus, Facebook’s lead for the Libra cryptocurrency and the sole representative designated to take the heat from an angry group of…
Read more
Mati Greenspan, Senior Market Analyst at FX broker eToro, has provided his daily commentary on traditional and crypto markets for October 22, 2019. The text below is an excerpt and does not contain the full analysis. Hi Everyone, The prolonged low volume consolidation period has claimed her first victim and it's a big one. To…
Read more
In Bitcoin-Land, enthusiasts are always circling important dates on their calendars for events that could rock the crypto world, but no event commands the same respect, as does Bitcoin’s halving happening in May of 2020. In both 2012 and 2016, similar halving episodes gave rise to massive appreciation in the months that followed. Can the…
Read more