Daily Market News: Morgan Stanley CEO upbeat as market awaits Fed announcement LeapRate

June 10, 2020 BY Valentina Kirilova

Daily Market News: Morgan Stanley CEO upbeat as market awaits Fed announcement

Sharp pullback for UK stocks in face of new data The FTSE 100 and FTSE 250 sank sharply yesterday, with both indices losing 2.1% apiece, leaving London-listed stocks stuck in correction territory while US shares are creeping past the breakeven point year-to-date. Investors had multiple data points to digest, including information from the British Retail…

June 10, 2020 BY Steffy Bogdanova

Gain Capital’s trading volumes continue to fall with almost 5%MoM in May

The average daily volume OTC trading was $8.5 billion, down by 1.2%, compared to April when it was 8.6%. Futures contracts amounted to 543,683 in May, a 4.1% MoM drop compared to 567,189 last month. Gain Capital announced that the company’s stockholders voted last Friday to approve the set forth in February merger with financial services provider…

June 10, 2020 BY Valentina Kirilova

Midweek data preview: record contraction of GDP in the eurozone

Cable, four-hour Having made a fresh three-month high around $1.275 overnight, the pound has now retreated somewhat against many currencies today including the dollar. More news of the UK’s lockdown being eased is awaited, and a general weakening of “risk on” so far today has weighed on the pound somewhat. No real progress was made…

Deutsche Börse appoints capital market veteran Paul Hilgers as managing director of cash market

June 09, 2020 BY Steffy Bogdanova

Industry veteran Daniel Ciment joins IEX Exchange as chief operating officer

IEX President and Co-Founder Ronan Ryan commented: Daniel has spent his career providing best-in-class service and product innovation to all market participants, developing deep expertise, knowledge and earning the respect of the industry. As COO of IEX Exchange, this experience will be invaluable. I’m thrilled Daniel has joined the team and look forward to working…

June 09, 2020 BY Steffy Bogdanova

TrueFX adds Sucden Financial to its clearing member network

Wayne Roworth, Co-Head of eFX at Sucden Financial commented: We are pleased to be joining the TrueFX network as a clearing member and offer our clients access to this service with valuable connectivity to the marketplace. TrueFX is an exciting development for the FX market and we are proud to demonstrate our commitment to this…

June 09, 2020 BY Valentina Kirilova

Daily Market News: S&P 500 turns positive year-to-date, but that’s not the whole story

What to watch Chewy: Online pet food and supply retailer Chewy has been a natural beneficiary of the coronavirus pandemic, as large numbers of people have chosen to adopt dogs and other pets during this period. At the same time, many haven’t been able to go shopping physically. The company reports its latest set of…

Frankfurt Stock Exchange announces that Paul Hilgers was appointed as a member of the Management Board

June 09, 2020 BY Steffy Bogdanova

David Quinlan joins board of directors of trading technology company oneZero

David Quinlan commented: I’m excited to join the board of oneZero and support their mission to provide financial institutions with technology for FX execution, distribution and data insights. “My goal is to help the company accelerate the growth of its share in the FX marketplace. Andrew Ralich, CEO of oneZero Financial Systems said: We are…

June 09, 2020 BY Valentina Kirilova

Daily market commentary: The dollar is gaining ground

EUROPEAN SHARES European shares were little changed on Tuesday with this week’s consolidation phase continuing ahead of tomorrow’s Fed meeting. Even if the strong bullish pace on equity markets slowed significantly this week, the lack of sharp downside corrections prevents the current trend from being really threatened. This lateral tone in the very short-term is…

June 09, 2020 BY Steffy Bogdanova

Retail trading broker AvaTrade opens new office in Poland

Dáire Ferguson, CEO at AvaTrade, commented: AvaTrade is committed to empowering people from across the globe to trade in a safe, innovative and reliable environment. The opening of our Polish office will see local traders benefit from a richer trading experience, backed by our best-in-class service, dedicated support and custom-made solutions to fit their trading…

June 08, 2020 BY Valentina Kirilova

Daily Market News: Global stock markets move higher despite US unemployment figure error

What to watch Coupa Software: California-based Coupa provides software that helps large companies maintain oversight of how money and resources are spent within their businesses. The firm’s share price has jumped 48% year-to-date and is up almost 80% over the past 12 months, as cloud-based software providers have become an investor favourite with large swathes…

Category: Forex

Daily Market News: Morgan Stanley CEO upbeat as market awaits Fed announcement

Gain Capital’s trading volumes continue to fall with almost 5%MoM in May

Midweek data preview: record contraction of GDP in the eurozone

Industry veteran Daniel Ciment joins IEX Exchange as chief operating officer

TrueFX adds Sucden Financial to its clearing member network

Daily Market News: S&P 500 turns positive year-to-date, but that’s not the whole story

David Quinlan joins board of directors of trading technology company oneZero

Daily market commentary: The dollar is gaining ground

Retail trading broker AvaTrade opens new office in Poland

Daily Market News: Global stock markets move higher despite US unemployment figure error

Sky Links Capital Establishes New Holding Company in the Dubai International Financial Centre (DIFC)

Alpha Group International Rejects Corpay Acquisition Proposal

Broadridge Financial Announces Enhancements to OpsGPT

Cboe Announces Craig Donohue as New CEO

HSBC Chairman to Retire Before the End of 2025