ActivTrades’ Market Analysts have prepared for LeapRate their daily commentary on traditional markets for December 20, 2019. This is not a trading advice. See details below: FOREX Despite some gains during early Friday trading, the Pound is on course for the worst week in 2 years, having lost almost 2.5% to the US Dollar. Sterling…
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Adam Vettese, UK Market Analyst at eToro, has provided his daily commentary on traditional and crypto markets for December 19, 2019. The Bank of England’s Monetary Policy Committee (MPC) is expected to hold the UK base rate at 0.75% when it announces its vote later today. But a seed of doubt was planted at the…
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Busy week for FCA regulated CFH Clearing, TradeTech Group’s liquidity provider and Prime of Prime brokerage, as it has just announced that it has extended its single stock CFD product range with a wide selection of additional stocks from the US, Europe, Hong Kong and Australia. LeapRate reminds that earlier this year, CFH launched single…
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ActivTrades’ Market Analysts have prepared for LeapRate their daily commentary on traditional markets for December 19, 2019. This is not a trading advice. See details below: FOREX The US dollar is showing weakness in the aftermath of President Trump’s impeachment. The Dollar Index is down by 0.1% this Thursday, following the vote by the House…
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The following article was written for LeapRate by Giles Coghlan, Chief Currency Analyst at HYCM The UAE’s growth outlook was lowered from 2.8% in April 2019 to 1.6% The International Monetary Fund (IMF) has revised the outlook of the UAE downward in line with cuts across the globe. As well as reductions to this year’s…
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Tradesocio has announced that it has teamed up with a global identity data intelligence specialist, GBG. This cooperation aims to propel regulatory compliance in the era of digitalisation. GBG is a provider of technology solutions for criminal record checks, AML, KYC, and other customer data analysis, with a focus on fraud, risk, compliance, privacy, customer…
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The Royal Bank of Scotland (RBS) is taking the unusual action of reimbursing 730,000 customers of the bank for its ill-gotten forex markup gains taken by previous workers in its foreign exchange department at the bank. This particular activity of misconduct was discovered independent of what has been called the greatest FX scandal in history.…
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ActivTrades’ Market Analysts have prepared for LeapRate their daily commentary on traditional markets for December 18, 2019. This is not a trading advice. See details below: FOREX/BREXIT The pound continues to fall and has cancelled out the post-election gains, as markets price in fresh risks of a no-deal Brexit. Many investors expected a more constructive…
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Much has been written about the consequences of Brexit and the possibility of a “no deal” divorce from the EU. Financial services businesses, especially forex brokers, have considered relocating to the EU to retain their respective customer bases. The loss of jobs in the labor market and the ensuing “brain drain” have also been cited,…
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When the going gets tough, the tough get going, or so it seems with Deutsche Bank. The troubled German titan on the global banking scene had no sooner filled one of its major profit centers with a new pedigreed foreign exchange trader and specialist than the fellow up and quit without explanation. Ernesto Mercadente no…
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