Daily market commentary: The US dollar gains ground, as the markets digest surprisingly high US inflation figures LeapRate

June 13, 2022 BY Steffy Bogdanova

Daily market commentary: The US dollar gains ground, as the markets digest surprisingly high US inflation figures

Gold Gold prices dropped during early Monday trading, after gaining approximately 1.3% on Friday, following the release of May’s US inflation data on Friday, which revealed that consumer prices rose at the fastest pace in four decades. The precious metal, whose price usually moves inversely to the US dollar, strengthened on Friday, despite the dollar…

June 13, 2022 BY Steffy Bogdanova

GCEX obtains licenses by the Danish FSA

Lars Holst, Founder and CEO, GCEX said: It is a priority for GCEX to have multi-jurisdictional regulatory coverage as this gives clients the choice of trading with the regulated entity which best suits their requirements. As Brexit has completely changed the landscape for UK regulated brokerages in terms of passporting, we believe it is very…

June 10, 2022 BY Steffy Bogdanova

CySEC announces withdrawal of ICF membership of Hoch Capital

In March 2019, Hioch Capital faced allegations of possible regulatory violations and settled with CySEC for €200,000. In June 2020, FCA banned the Cypriot firm for using unauthorised celebrity endorsements on social media as part of their marketing. CySEC stated in the official announcement: The loss of ICF membership status does not mean loss of…

June 10, 2022 BY Steffy Bogdanova

ThinkMarkets expands product suite with a web-based trading platform

The company stated: Our mission has always been to provide ThinkMarkets customers with all the tools they need to achieve exceptional trading results with a seamless user experience. According to the official press release, the ThinkTrader platform aims to bridge the gap between mobile and desktop trading. ThinkMarkets stated that the new platform offers muti-screen…

June 09, 2022 BY Steffy Bogdanova

Daily market commentary: The euro edged up, ahead of the European Central Bank meeting

Gold Gold prices are flat during early Thursday trading, barely moving as traders eye the release of important US employment and inflation data, which is coming out later today and tomorrow. The price of bullion remains conditioned by two vectors that have kept it in a narrow range over the last few sessions; on one…

June 09, 2022 BY Steffy Bogdanova

RoboMarkets announces new German brand for professional investors

Under ESMA regulation, a trader qualifies as a professional if they have a portfolio that exceeds €500,000 in cash deposits and investment instruments. Professional traders must have carried out 10 transaction of significant size per quarter over the last year and should have been working in the financial sector for at least a year. Professional…

June 09, 2022 BY Steffy Bogdanova

CMC Markets revenue for FY22 in line with expectation with 31% decline

The basic earnings per share for FY 2022 stood at 24.8 pence, down by 60%. The number of leveraged active clients also saw significant decline on yearly basis at 64,243, falling 16% compared to the previous year. The number of non-leveraged clients came in at 3,575, down by 22%. Compared to pre-pandemic levels, the number…

June 08, 2022 BY Steffy Bogdanova

Maxigrid clients will get compensation by CySEC under ICF

That was until last February when Maxigrid’s license was withdrawn by CySEC. According to the regulator, the broker violated multiple mandatory compliance rules that led to the cancellation of its license. In the latest announcement, the Cypriot watchdog noted that the broker “unable to meet its obligations arising out of investors' claims and has no…

June 08, 2022 BY Steffy Bogdanova

Daily market commentary: The US dollar hedges up as inflation fears continue to dominate the sentiment of investors

With US inflation figures due to be released on Friday, investors are likely to continue to back the greenback in the runup to the publication of the numbers, as any bets against it could end up proving costly. Ricardo Evangelista – Senior Analyst, ActivTrades Disclaimer: opinions are personal to the authors and do not reflect the…

June 08, 2022 BY Steffy Bogdanova

Andreas Skianis joins IC Markets as Global Head of Partners

Skianis brings extensive experience to his new role having worked for forex and CFDs brokers. Throughout his professional career, he has served several brokerage brands. Most recently, he has worked at IronFX for six months as Head Of Business Development Asia&Africa. Prior to that, he briefly worked for M4Markets as the Global Business Development Manager.…

Category: Forex