AUD/USD Technical Position: Since the beginning of March, the AUD/USD currency pair has echoed a subdued tone around the late November lows (2022) at $0.6585 on the weekly timeframe. Overhead, resistance warrants attention at $0.7020 with scope to pursue deeper terrain as far south as demand from $0.5975-0.6166. Interestingly, out of the daily timeframe, buyers…
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Brian Guckian, Chief Development Officer of Appital, said: We are very excited to add Virtu’s Triton Valor to our community of EMS partners. Its users are now able to originate bookbuilds and participate in price formation opportunities in a market for size that is relevant to them. Melissa Ellis, Head of European Workflow Sales, at…
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Wong brings an extensive institutional experience in foreign exchange and digital assets with over a decade of experience in the financial industry. He joins Spotex from American crypto exchange Coinbase, where he served as Head of APAC account management. While in Coinbase, he implemented and managed cross selling and upselling campaigns across the company’s suite…
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The firm detailed that in 2022 KCM Trade experienced many successful events, sponsorships and partnerships which led to its rapid growth. As part of its expansion plan, the company is opening new branches throughout Southeast Asia, including Vietnam, Indonesia and the Philippines and other key markets. Additionally, KCM Trade plans to increase the number of…
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Turquoise Europe is expanding the advantages of price improvement for both aggressive and passive orders to include retail brokerages and their orders, as stated by the LSEG. As the first retail liquidity providers to make use of this new service, quantitative trading firm Hudson River Trading and full-service brokerage firm Stiffel are set to be…
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Technical Confluence Accompanying the AB=CD pattern is price shaking hands with the lower Bollinger Band (set to three standard deviations) and the Relative Strength Index (RSI) exiting oversold territory. Therefore, the supporting technical confluence—momentum and volatility indicators—suggests a short-term push to the upside may unfold, targeting the aforementioned Fibonacci retracement ratios. Charts: TradingView Meanwhile, after…
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Ian Lowitt, Marex CEO, commented: We are delighted with these record results. The strong revenue growth reflects the increasing demand from our clients, who recognise our deep expertise and ability to deliver quality service and solutions. Adjusted operating profit before tax (PBT) jumped 53% last year to $79.6 million from $12.7 million in 2021. Adjusted…
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Short-Term View Ahead of FOMC Minutes Based on the H1 timeframe, it is obvious that there is a notable downside bias, with price action close to testing support at 101.44. In the event of a spike higher, resistance warrants consideration at 101.82. Therefore, given the bearish vibe derived from the bigger picture, 101.44 support appears…
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According to the official announcement, the recently established banking firm will cater to Clearstream's fund execution enterprise, Vestima, reputed as the world's most extensive fund-processing platform, with access to 230,000 funds in 50 markets. It has acquired a commercial banking permit through the new banking platform. Furthermore, the bank will facilitate the fund distribution platform…
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Alan Polo, Head of Business Development, Americas, said: Our goal has always been to leverage technology and service to help the buy side solve their liquidity and execution challenges. This way of thinking led us to introduce Surge Capture six years ago, which continues to be one of the most innovative features in the market.…
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