Credit Suisse reports 47% growth in net income in first half of 2020 and makes structural changes LeapRate

July 30, 2020 BY Steffy Bogdanova

Credit Suisse reports 47% growth in net income in first half of 2020 and makes structural changes

Credit Suisse also announced structural changes including setting up of a global investment bank unit combining its global markets and investment banking divisions. The bank will also a new savings program of about 400 million Swiss francs per year from 2022. Thomas Gottstein, the chief executive officer said: I am certain that the measures we…

July 30, 2020 BY Valentina Kirilova

Daily Market News: Earnings weigh heavily on European open

PayPal CEO says ‘no going back’ from pandemic induced e-commerce surge Boeing’s earnings report appeared to take airline stocks down with it yesterday, as American Airlines and United Airlines both sank by around 3% on a day where the broader market soared. The Nasdaq Composite was up 1.4%, helped higher by names including AMD, PayPal…

July 30, 2020 BY Valentina Kirilova

Daily market commentary: Gold price remains volatile

EUROPEAN SHARES European contracts traded lower on Thursday as market sentiment remains uncertain ahead of today’s slew of corporate results. The Fed’s extremely dovish tone yesterday was already largely priced in and didn’t lead to extreme price action on stock markets. Even though Jay Powell pledged to keep the macro environment extremely accommodative using all…

July 30, 2020 BY Steffy Bogdanova

Broadridge’s Fi360 and ProctorU partner to launch remote proctoring and identity management solution

Michael Muirhead, AIF, PPC, senior director said: The need for advisor designations and certification exams did not cease when we moved to a virtual world, forcing us to re-examine the proctoring process for clients. Through remote proctoring, clients can now take the certification exams from the safety of their home and meet ANSI National Accreditation…

July 29, 2020 BY Steffy Bogdanova

Agricultural brokerage Matthews Group joins Marex North America

Marex recently appointed Ram Vittal as CEO of Marex North America following the firm’s February 2019 acquisition of the customer business of Rosenthal Collins Group (RCG). Vittal commented: We are very focused on expanding our North America business and are delighted to add the capabilities and deep experience of Craig and his team. The breadth…

July 29, 2020 BY Steffy Bogdanova

Sucden Financial and FlexTrade Systems launch TY3 matching engine

Phil Kim, Head of eFX Sales, Asia-Pacific, commented: We are very excited to add our TY3 venue to Sucden Financial’s ever-expanding suite of eFX products, as well as for our partnership with FlexTrade. This launch underlines our continued commitment to enhancing our services within the Asia-Pacific region, even during these times of global uncertainty. Manish…

Samtrade secures FCA and ASIC licences in expansion of its global footprint

July 29, 2020 BY Steffy Bogdanova

Samtrade expands global footprint and secures FCA and ASIC licences

Sam Goh, Founder and CEO, Samtrade FX commented: Since incorporation, ensuring trust and confidence in every trade has been central in everything that we do. These added layers of regulation – on top of the existing licences that Samtrade FX already holds, reinforces our commitment toward setting the highest possible standards in corporate governance, trading…

July 29, 2020 BY Valentina Kirilova

Daily Market News: Big tech in the spotlight as pandemic drives consumers online

UK housebuilders soar ahead of mortgage data release London-listed housebuilders and property developers jumped yesterday, with Berkeley Group, Barratt Developments, Land Securities Group, Persimmon and Taylor Wimpey all among the top 10 FTSE 100 stocks on the day. The rally came ahead of data on June mortgage lending and approvals, which is released for the…

July 29, 2020 BY Valentina Kirilova

Daily market commentary: The US Dollar Index plunges to its lowest in more than 2 years

EUROPEAN SHARES European stock markets continued their consolidation on Wednesday, following an Asian trading session without clear direction. Even if global fiscal and monetary stimulus provided investors with some sort of insurance against deeper market corrections, the current busy macro environment makes short-term market predictions very difficult for traders. The current lack of market directionality…

July 29, 2020 BY Valentina Kirilova

3 important lessons for traders of all levels

Emotional instability can manifest itself in both negative and positive emotion. For instance, if you make a mistake and lose money, the negative emotion attached to that loss can influence you to make all sorts of irrational decisions further on down the line. It can sap your confidence so that you become unable to pull…

Category: Forex