Category: Forex

Redmond Wong joins Saxo Markets as marketing strategist
March 23, 2022 BY Steffy Bogdanova

Saxo Markets hires Redmond Wong as market strategist for HK office

Richard Douglas, CEO of Hong Kong, Saxo Markets, commented: Saxo’s vision is to enable people to fulfill their financial aspirations and make an impact. To achieve that, we're not only offering clients access to more than 60 exchanges globally with over 40,000 instruments covering different asset classes, we're also providing timely, relevant and insightful research…

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March 22, 2022 BY Steffy Bogdanova

Daily market commentary: The US dollar gains ground, following a speech by the chairman of the Fed

Gold Gold prices hedged down during early Tuesday trading, due to the precious metal’s inverted correlation with the US dollar. The greenback strengthened as the 10-year treasury yields reached 2.3% for the first time since 2019, after the Fed’s chairman, Jerome Powell, surprised observers by demonstrating an aggressive stance in relation to the need to…

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March 22, 2022 BY Steffy Bogdanova

Weekly data: British inflation and regional central banks

On the chart, a further leg down doesn’t seem immediately likely given the strength of the 100% weekly Fibonacci retracement around $1.307. This area represents full retracement of all the pound’s losses late in Q1 2020. However, the 50 SMA from Bands has recently death crossed the 100, so a phase of clear gains above…

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Fullerton Markets names Rahul Sodhy CEO
March 22, 2022 BY Steffy Bogdanova

Fullerton Markets appoints Rahul Sodhy as new CEO

Said Rahul, commented: It's an absolute honour to head the talented team at Fullerton Markets. I've seen the company grow from strength to strength over the years and I'm really excited to lead us even further into the future as a world-class multi-asset brokerage. Mario Singh, founder of Fullerton Markets and non-executive chairman, added: Our…

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Euroclear reports operating income increase of 7% in H1 2021
March 21, 2022 BY Steffy Bogdanova

Euroclear announces investment in Fnality

Rhomaios Ram, CEO Fnality International said: The institutional commercialisation of DLT is being realised through Fnality’s creation of a network of distributed payment systems using blockchain technology. As we progress from testing to real-world implementation, welcoming Euroclear Group as an investor into the Fnality International consortium will significantly enhance the diversification of Fnality’s network and…

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March 21, 2022 BY Steffy Bogdanova

Daily market commentary: Brent oil prices rise, as the markets weigh the possibility of a Western embargo on Russian oil exports

European Shares European shares opened without clear direction on Monday, extending the mixed sentiment spotted overnight in Asia, as global risk appetite seems to be taking a break following record gains registered on last week. This week is likely to be crucial, as investors discover if last week’s solid rebound was just a volatile move…

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ASIC
March 21, 2022 BY Steffy Bogdanova

ASIC issues guidance outlining how financial services laws applies to influencers

The information sheet ASIC published highlights the activities where influencers can breach the legal requirements if they are unaware including financial product advice, dealing by arranging and misleading or deceptive conduct. The regulator has also explained issues influencers may consider such as whether an AFS licence is needed, getting familiar with relevant regulatory guidance and…

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