$1.25 Resistance? Out of the H1 timeframe, I see the unit elbowed through $1.25 recently and is poised to retest the lower boundary as resistance. I know some traders will be watching the structure to the left of the price between $1.2427 and $1.2453 to form potential support (blue curve), though trendline support taken from…
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The move by UBS to acquire Credit Suisse represents the most significant banking deal since the 2008 global financial crisis. Ermotti and Kelleher added that there are challenges but also "many opportunities" for employees, shareholders, clients, and Switzerland itself. The newly created banking giant will oversee $5 trillion of assets, meaning UBS will now take…
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Before joining Acuity, Neighbour was Chief Investment Officer at Signal Centre, a company acquired by Acuity. Andrew Lane, CEO of Acuity Trading, commented: Joe's experience and expertise in retail trading will be invaluable as we continue to grow our business in these sectors. This appointment to Acuity's senior leadership team will ensure a steadfast focus…
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The companies will link up to combine StrikeX's expertise in tokenisation and self-custody technologies and CMC's extensive experience in financial services. In addition, CMC Markets will gain access to the latest blockchain-related products and services, allowing it to leverage the technology for its customers over the longer term. CMC added that the "arm's length investment"…
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Bhairav Trivedi, Chief Executive Officer of CAB Payments, commented: Our intention to list on the London Stock Exchange is a sign of confidence in the high quality offering we provide to our customers in a large and growing market; confidence in our strong financial profile backed by a track record of revenue and Adjusted EBITDA…
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Anya Aratovskaya, VP Institutional Sales at Advanced Markets stated: We're excited to partner with Brokeree Solutions to offer our clients enhanced liquidity and trading services." Andrey Kamyshanov, Co-Founder and Managing Partner at Brokeree Solutions, added: We are delighted to partner with Advanced Markets and merge our Prime-of-Prime Liquidity with their innovative Liquidity Bridge. This collaboration…
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AUDUSD The Australian dollar had performed an uptick following the unexpected rise of the interest rate from RBA. This reaction might be temporary, though now Aussie is of the few currencies, gaining higher yields in real-time. Considering the position of AUDUSD at the intermediate-term resistance area, it may pull back as shown on the chart,…
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Stavros Economides, Chief Operating Officer at Match-Prime Liquidity, said: We are delighted to onboard SquaredFinancial, a leading brokerage firm that has established itself in the industry. Match-Prime has a very similar culture to SquaredFinancial, putting its clients needs first." Economides explained that his firm delivers "tailor-made solutions" to help companies such as SquaredFinancial sufficiently adjust…
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Sandhofer joins Nium from Payoneer, an American financial services firm that provides online money transfer and digital payment services. Before joining Payoneer in 2021, Sandhofer spent almost 10 years at UniCredit before co-founding Optile, a tech business that streamlines payment acceptance processes for merchants worldwide. Prajit Nanu, Nium's CEO and Founder, commented: Despite a challenging macroeconomic…
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Ending client credit balances were $98.7 billion, which includes $2.9 billion in insured bank deposit sweeps, representing an 8% rise from the prior year and a 1% decline compared to the previous month. Elsewhere, the average commission per cleared commissionable order came in at $3.08, including exchange, clearing, and regulatory fees. The average commission per…
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