Category: Forex

Weekly data: Oil and Gold price action before the NFP
January 31, 2023 BY Steffy Bogdanova

Daily market commentary: Gold prices are feeling the squeeze caused by a strengthening dollar

European Shares EU shares continued to drift on Tuesday, following another volatile session in Asia, as traders await this week’s central bank meetings. Most benchmarks traded lower in Europe, with all sectors moderately down, as investors weighed the latest patchy macro data from France and Germany, the two biggest economies of the Eurozone. In addition…

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January 31, 2023 BY Steffy Bogdanova

CMC Invest to launch in Singapore

According to the official announcement, the launch is expected for the end of the first quarter of 2023. CMC Invest will offer zero commission and real-time pricing in selected markets, including Singapore, the US, and Australia. The company has already recived similar licences in the UK and Australia. Christopher Forbes, head of CMSI, said: The…

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January 31, 2023 BY Steffy Bogdanova

Eightcap appoints Alex Howard as Chief Executive Officer

Murphy commented: Alex is an outstanding choice, bringing over a decade of experience in financial services, a deep knowledge of the derivatives industry and a proven track record of success in leadership roles. He was chosen after an extensive and extremely competitive selection process.” Murphy noted that since establishing Eightcap in 2009, the company has…

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Monex Group
January 30, 2023 BY Steffy Bogdanova

Monex Group operating income, falls 18% in Q3 FY23, reports net loss in TradeStation and crypto business

The basic earnings per share year-to-date also fell significantly to ¥7.27 from ¥48.19 reported for the same period in 2021. Three major segments contribute to the business performance of the group - the Japanese segment, the US segment (TradeStation), and the crypto assets segment. The Japanese business of the group provides stable profits and TradeStation…

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European stock market experiences positive change
January 30, 2023 BY Steffy Bogdanova

Daily market commentary: Stock indices fell as traders brace for a busy week on the macro front

European Shares Stock indices fell shortly after the opening bell in Europe on Monday, extending losses registered overnight in Asia, as traders brace for a busy week on the macro front. Real estate and tech shares registered the worst performances and drove most benchmarks lower, in potential profit-taking moves following last week’s rally and ahead…

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ASIC ban
January 30, 2023 BY Steffy Bogdanova

ASIC bans Bradford AI for four years for providing unlicensed FX trading services

CFDs are leveraged derivative contracts and are regarded as a high-risk product. ASIC takes the regulation of offering such instruments very seriously and imposes heavy penalties on unlicensed CFD traders. Additionally, the Australian regulator found that Finerty mislead and deceived his clients about the performance of Robot 1 and “directed or assisted” clients to mislead…

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January 29, 2023 BY Steffy Bogdanova

HYCM: Three market questions to ask for 2023

In short, the bank’s analysts believe that there is a possible path to a soft landing, but that this will be dependent on the Fed being able to tweak policy “just right” in order to stay on track. Even Larry Summers, who has previously stated that a recession was inevitable, has recently softened his own…

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January 27, 2023 BY Steffy Bogdanova

Scope Markets promotes Pavel Spirin to Chief Executive Officer

Spirin joined Scope Markets in August 2021 as Chief Growth Officer, where he focused on global marketing and retail business development. His promotion comes after he served at that position for a year and half. Prior to Scope Markets, Spirin spent three years at Skilling where he joined as Chief Marketing and Business Development Officer…

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Daily Market Commentary
January 27, 2023 BY Steffy Bogdanova

Daily market commentary: as Friday’s European trading session gets underway the greenback is still carrying a positive momentum

However, the upside for the greenback is limited; a more in-depth analysis of the GDP data reveals that the growth was, to a large extent, driven by inventories, and therefore likely to fizzle out later in the year. Ricardo Evangelista – Senior Analyst, ActivTrades Disclaimer: opinions are personal to the authors and do not reflect the…

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