Category: Forex

June 01, 2022 BY Steffy Bogdanova

Daily market commentary: Brent prices hedge up modestly, as the impact of the EU sanctions on Russian oil is fizzling out

Gold Gold prices fell during early Wednesday trading, carrying the momentum initiated during the previous session. The value of the precious metal is declining in the markets, mainly due to its inverted correlation with the US dollar, as the American currency regains the front foot. Inflation related concerns remain at the top of Federal Reserve’s…

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May 31, 2022 BY Steffy Bogdanova

Weekly data: all eyes on the NFP

With price now within the value area between the 100 and 200 SMAs and strongly oversold based on the slow stochastic, a pause seems likely in the runup to tomorrow’s meeting of the BoC. The target for sellers in the medium term seems to be last month’s lows around C$1.25, while to the upside the…

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May 30, 2022 BY Steffy Bogdanova

CySEC issues warning about four unregulated entities

The Cypriot watchdog stated: CySEC urges investors to consult its website (www.cysec.gov.cy), before conducting business with investment firms, in order to ascertain the entities which are licensed to provide investment services and/or investment activities. In April, CySEC fined Capital.com operator €10,000 for late submission of suspicious trading.

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Saxo Markets appoints Joanna Moberly as head of legal
May 30, 2022 BY Steffy Bogdanova

Joanna Moberly joins Saxo Markets UK as new head of legal

In her new role, she will be based in London and report to Charles White-Thomson, CEO of Saxo Markets UK. Moberly will also continue to be an active member of the legal community volunteering to mentor College of Law students as well as those young people seeking to enter the legal profession. Charles White-Thomson, CEO…

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ASIC ban
May 30, 2022 BY Steffy Bogdanova

ASIC sues ANZ over incorrect fees and misrepresentations

The regulator alleged that the bank has not adequately fixed the problem and that customers continue to be affected. Between May 2016 and September 2021 ANZ also made false and misleading representations regarding withdrawal fees. According to the regulator, the bank continued with the misleading representation even after that period. Court added: This alleged misconduct…

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