GOLD After last week’s rebound, gold is taking a break and the price is consolidating and trading between $1,830 and 1,840 per ounce, a fractional decline from last week. The next few trading sessions will tell us how strong the resistance area of $1,850 is, which is the first clear barrier for further recoveries for…
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Julia Hoggett commented: Having spent my entire career in capital markets, I know the key role they play in providing vital capital to companies and institutions and delivering returns for individual and institutional investors. I am delighted to be joining London Stock Exchange plc, and the wider Group, at a time when London’s role as…
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Key dates for industry to be aware of for the UPI fee model consultation process include: January 11th, 2021 first UPI fee consultation begins, and ends March 5th, 2021 May 10th, 2021 second Industry Consultation, and ends July 9th, 2021 September 9th, 2021 publication of the Final Consultation paper Emma Kalliomaki, Managing Director of ANNA…
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The Vanuatu Financial Services Commission regulated broker noted that 50% of the withdrawals have been processed so far and the company continues to work to process the rest of them. USG stated that it expects all of the funds to be processed and refunded by the end of March 2021. Earlier this year, the USGFX…
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What to watch US jobs report: All eyes will be on November’s job report from the Bureau of Labor Statistics on Friday, investors will be watching to see whether surging Covid-19 case numbers in the US have damaged the labour market. In October, jobs growth was better than expected, and the unemployment rate fell to…
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Integral's registered ADV for November 2020 also include volumes traded on the recently launched venue, TrueFX, and is reported in aggregate with volumes from Integral’s other trading platforms. The monthly ADV now represents total volumes traded across the group’s entire liquidity network. Integral and Swiss online bank Swissquote Bank Ltd today announced that their long-standing…
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GOLD The sell-off seen on the US Dollar is boosting gold recovery. Bullion is on a fractional gain today, but this week is on track for achieving a 3%+ recovery, while silver jumped by 7%. It is not surprising to see bigger movements on silver, which traditionally behaves as gold’s younger and livelier brother, showing…
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David Bachelier, Capitalab's Singapore-based co-founder said: We are delighted to consolidate our presence in FX through our services agreement with CLS, which will enable previously unexplored possibilities. Combining Capitalab's multi-product technology with CLS data allows us to offer the market new FX solutions and unique optimisation of several risk metrics, including notional, margin and counterparty…
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Russia’s largest bank, Sberbank, is planning a launch of a new blockchain trading platform and a native token Sberbcoin. Russian business news outlet RBC reported on Monday that Sberbank plans to release its digital currency Sberbcoin in 2021 around the same time as the Russian Central Bank prepares the launch of the digital ruble. Sberbank has…
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What to watch Dollar General: Discount retailer Dollar General has added almost 40% to its share price in 2020, taking its market cap past the $50bn mark. Along with other discount retailers, Dollar General’s gains this year have been driven by consumers stocking up on staples, and turning to cheaper options in the face of…
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