gold8financialexchange, Knight Service Group and others appear on FMA warning list LeapRate

August 26, 2020 BY Steffy Bogdanova

gold8financialexchange, Knight Service Group and others appear on FMA warning list

The New Zealand watchdog advisea caution when dealing with the websites www.gold8financialexchange.com; www.gold8services.com and www.gold8institute.com as they are not associated with, or authorised by, the New Zealand registered companies Gold8 Financial Services Limited and/or Gold 8 Services Limited. The FMA previously published a warning about Business Choice Partners Group Limited on 1 July 2020 as a…

August 26, 2020 BY Steffy Bogdanova

SGX and Cassini Systems team up to help market participants manage and comply with UMR

KC Lam, SGX Head of FX and Rates, commented: By September 2022, more than a thousand firms will be impacted by UMR, thus it is important to start planning for it now. Cassini is a natural partner for us in this effort to help our market participants with a best-of-breed solution. Once a SGX market…

August 26, 2020 BY Valentina Kirilova

Daily Market News: American Airlines, Bed Bath & Beyond both cutting thousands of jobs

UK tech firm Aveva makes $5bn play for US rival The FTSE 100 fell by 1.1% on Tuesday, although no stock fell by more than 3.4%. Housebuilders, miners and oil giants were all in the red, with Anglo American down 3.3%, Taylor Wimpey down 3.1% and Royal Dutch Shell down 3%. At the top of…

Edgewater Markets metal volumes soar in H1

August 26, 2020 BY Steffy Bogdanova

Edgewater Markets report soaring metal volumes in H1 2020

Edgewater Markets was founded in 2009 and provides forex and precious metals services. The company’s global footprint and strategic partnerships provide connectivity and credit access into pools of localized liquidity and execution services. Edgewater has global sales offices in New York, London, Singapore, Mexico City and Santiago, Chile which are positioned geographically for 24-hour support…

eToro’s former UK CEO Iqbal Gandham joins CoinBurp

August 26, 2020 BY Steffy Bogdanova

CFH director Søren Bjerregaard moves to digital brokerage GCEX

Bjerregaard added: Life long learning is incredibly important to me, so with one foot in the “old world” of finance I am taking an exciting step into the new world!” LeapRate approached him for a comment, here's what he shared with us: Happy to get the chance to join GCEX, using new technology to disrupt…

August 25, 2020 BY Steffy Bogdanova

Fintech Lightnet teams up with Swiss crypto bank SEBA

Matthew Alexander, head of asset tokenization of Seba Bank commented: Asia is a promising market not only because of its size but especially because of the affinity of the people towards digital services and digital assets. Lightnet will leverage a blockchain financial protocol developed by decentralized credit and settlement network in Asia, Velo Labs. The…

August 25, 2020 BY Valentina Kirilova

Daily Market News: Exxon to exit Dow Jones Industrial Average after more than a century

Energy and airline stocks soar on Covid-19 vaccine news All three US indices started the week on a positive note, with the S&P 500 up 1%, taking its year-to-date gain to 6.2%. The energy sector led the way, adding 2.8%, with the energy equipment and services sub-sector up 4.3%. It was airline and travel stocks…

Over 20 unregistered foreign companies added to CFTC RED list

August 25, 2020 BY Steffy Bogdanova

CFTC updates RED list with 22 unregistered foreign companies

The new additions to the RED list include: Allegra Markets IDB Traders/Baltic Concert LLP Capital 245 MM Financial Experts Coinexx Omega Crypto Crown Finance Omega Capitals EagleFX Platin CFD Easy Line Pro Richmond FG F1 Trade Top Option 360 FX Dealer Trade GF FXVIP Turnkey Forex Global Capital Options VIP Businesses Grand Tradefx Wellington INV/Bali…

August 24, 2020 BY Valentina Kirilova

What has happened to the Euro in June and where is it going?

If the yield differential declines to 60-basis points you will be paying away less and therefore there is less incentive to hold the US dollar. During June the yield differential between the US 10-year yield and the German 10-year yield declined to 101 basis points from 117 basis points making it less attractive to hold…

August 24, 2020 BY Valentina Kirilova

Weekly forex data: GDP around the world

Key data this week Bold indicates the most important releases for this symbol. Tuesday 25 August, 6.00 GMT: German quarterly GDP growth (final, Q2) - consensus -10.1%, previous -2% Tuesday 25 August, 6.00 GMT: German annual GDP growth (final, Q2) - consensus -11.7%, previous -2.3% Tuesday 25 August, 8.00 GMT: Ifo Business Climate (August) -…

Category: Forex