AUD retested the 38.2% area of the weekly Fibonacci fan last week without success, but the technical picture nonetheless remains positive. With price holding above the 50 SMA from Bands since late last month and no signs of overbought as of now from either Bollinger Bands (50, 0, 2) or the slow stochastic (15, 5,…
Read more
Balbir Bakhshi commented: I am delighted to be joining LSEG. I look forward to working with David and the wider team with a clear focus on risk management and operational resiliency across its global businesses. Bakhshi will assume his new role at LSEG on 25 January 2021. He will be succeeding Diane Côté who has…
Read more
Benny Luk, Group CEO of Greater China, commented: We are delighted with the establishment of GFIGS to offer OTC brokerage services in China. Iron Ore futures trading volumes in China are more than 20 times larger than the offshore market. With Guizhou Big Data Capital's extensive network and coverage of China's financial markets and GFI's…
Read more
What to watch Coupa Software: California-based tech firm Coupa Software offers business spending management services, which provide companies with visibility into and control over their operations. The firm’s share price has soared in 2020, more than doubling. Coupa’s cloud-based products fit well into the current mass work-from-home environment. Companies facing economic difficulties who want to…
Read more
Dholani is responsible for business development globally, as THETA moves from beta towards launching its trading system for the buy-side, Apollo, in the first quarter of 2021. The platform will provide multi-channel liquidity aggregation and trading, initially for Fixed Income, by integrating with clients’ existing P/OMS systems via FIX and REST APIs. FX and Equities…
Read more
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…
Read more
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…
Read more
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…
Read more
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…
Read more
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…
Read more