Category: Forex

Daily Market Commentary

January 13, 2023 BY Steffy Bogdanova

Daily market commentary: Markets drift in Europe as investors digest the latest US inflation data

The first support can be found over 15,000.0pts while an extension of the market correction could lead prices to test newly established market floors such as the 14,820.0pts zone (23.6% Fibonacci). Pierre Veyret– Technical analyst, ActivTrades Disclaimer: opinions are personal to the authors and do not reflect the opinions of LeapRate. This is not a…

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January 12, 2023 BY Steffy Bogdanova

Daily market commentary: The US dollar index is trading almost flat, ahead of US inflation figures release

European Shares Stock markets continued to climb globally on Thursday, as all European benchmarks extended gains ahead of the highly awaited US inflation report. The general sentiment remains clearly bullish this week as investors keep pushing riskier assets higher, boosted by easing recession worries and the prospect of a “soft landing” from the Fed. However,…

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January 12, 2023 BY Steffy Bogdanova

Swissquote reports pre-tax profit of CHF 185 million

Pre-tax profit came at CHF 185 million in 2022. This represents a 17% drop from CHF 223 million in 2021. The company said: The diversified sources of revenues and a higher share of non-transaction based revenues have enabled Swissquote to navigate safely in a difficult market environment. Swissquote highlighted that some of the negative market…

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Olivier Honsberger appointed as GCEX MENA’s Board of Directors

January 12, 2023 BY Steffy Bogdanova

GCEX MENA appoints Olivier Honsberger to its Board of Directors

Mehtap Önder, Managing Director, GCEX MENA commented: Olivier has an extremely impressive track record in the region, having built a private Swiss bank in the UAE from scratch and grown the business in the Middle East to USD 4 billion assets under management. We are very excited about his appointment and I am looking forward…

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January 11, 2023 BY Steffy Bogdanova

FXCubic completes integration with Hybrid Solutions’ VertexFX Trader

Adel Jibrin, the CEO and Managing Partner at Hybrid Solutions said: We believe that the partnership between FXCubic and Hybrid Solutions is a valuable asset to both companies, especially in current market conditions, where traders are seeking more investment possibilities. Siding with FXCubic is an additional step towards achieving our strategic goal of offering our…

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January 11, 2023 BY Steffy Bogdanova

Julián Gay joins oneZero as EMEA Institutional Sales Director

Gay brings almost 19 years of experience in working for technology providers in the trading industry. Most recently, Gay served as Director of EMEA sales at smartTrade Technologies for a little over a year and a half. Prior to that, he spent more than 13 years with Integral Development Corp. He became Vice President of…

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January 11, 2023 BY Steffy Bogdanova

Daily market commentary: The dominating sentiment in the oil market is bearish

European Shares Stocks edged higher in Europe on Wednesday, extending gains registered by Asian benchmarks overnight, as bullish sentiment stays alive ahead of key macro data. Consumer cyclicals, real estate and energy shares led the way following the opening bell, while industrials and utilities registered slight losses on the old continent, as market sentiment remains…

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Saxo Bank

January 11, 2023 BY Steffy Bogdanova

Saxo Bank looking at Copenhagen IPO following failed SPAC acquisition

According to a source familiar with the matter, Saxo can also consider private share placement as shareholders Chinese automaker Geely (0175.HK) and Finnish insurer Sampo (SAMPO.HE) are looking to reduce their stakes. Fournais said that the company will keep “all options open” but the plan for now is to go public. The bank announced its…

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FXSpotStream's Alan Schwarz departs his position as CEO

January 11, 2023 BY Steffy Bogdanova

FXSpotStream co-founder Alan Schwarz steps down after 11 years

Schwarz said: I am very proud of what we have built as an internal team at FXSpotStream. I have learned a great deal during this decade plus journey and have been fortunate to watch as people at the company have grown personally and professionally. Schwarz’s career spans over 30 years. He co-founded FXSpotStream in August…

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Thomas Zeeb leaves SIX after 14 years

January 10, 2023 BY Steffy Bogdanova

Thomas Zeeb steps down from the Executive Board of SIX

SIX revealed Zeeb’s plans for the future involve the creation of “new business models to explore further opportunities to shape the capital markets industry of the future” but did not give further details. Jos Dijsselhof, CEO SIX: On behalf of the Board of Directors and the Executive Board of SIX, I would like to thank Thomas for…

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