Category: Forex

November 22, 2022 BY Steffy Bogdanova

CySEC warns of fake website and impersonators of its representatives

The regulator reminded the public that it never sends unsolicited correspondence, and it does not request payments, or individual personal data. CySEC further clarified that it has “no authority or jurisdiction to collect fees for any purpose from individual investors, nor does it have authority to appoint anyone to do so on its behalf.” According…

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November 22, 2022 BY Steffy Bogdanova

Daily market commentary: The US dollar is hedging lower in relation to other major currencies in a move that can be interpreted as a consolidation

European Shares Stock markets opened without clear direction on Tuesday in Europe, extending the Asian trend, alongside US futures on the S&P500. Market sentiment remains toneless for the second trading day of the week as most investors are still struggling to assess the short- to mid-term outlook for risky assets. Even as rising covid cases…

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StoneX
November 22, 2022 BY Steffy Bogdanova

StoneX operating revenue rises 50% in Q4 to $52.3 million

Net income for the full fiscal year came in at $207.1 million, registering a 78% rise compared to FY21. The New York-headquartered Group' s basic earnings per share stood at $2.58, and the diluted ones was 2.49. They were 597% and 592% up, respectively. For the full year, basic earnings per share $10.27 and diluted…

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November 22, 2022 BY Steffy Bogdanova

Weekly data: Gold and Oil ahead of FOMC minutes

On the technical analysis point of view the price is currently trading around the $1,740just above the 61.8% of the Fibonacci retracement level. With a bear flag formation forming in the last 4 days we might see some continuation to the downside with a very strong area of support around the $1,712 price area which…

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FCA
November 21, 2022 BY Steffy Bogdanova

FCA issues warning against the “gamification” of trading apps

Sarah Pritchard, executive director of markets at the FCA, said: Some product design features could be contributing to problematic, even gambling-like, investor behaviour. We expect all firms that offer stock trading to consumers to review and, where appropriate, make improvements to their products based on these findings. They should also ensure they are providing support…

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November 21, 2022 BY Steffy Bogdanova

eToro’s SPAC partner to return $250 million to investors

FinTech Acquisition Corp. V was set up by well-known financier Betsy Cohen. The SPAC company and eToro announced their proposed merger in March 2021. The estimated implied equity value of the merger was initially at $10.4 billion, but was later taken down to $8.8 billion. The merger was terminated as the Israeli retail broker and…

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European stock market experiences positive change
November 21, 2022 BY Steffy Bogdanova

Daily market commentary: Risk appetite is on the downside as investors digest the latest news of fresh Covid-related restrictions in China

European Shares European benchmarks opened mixed on Monday, continuing the trend started by Asian shares overnight, as market sentiment starts a new trading week under pressure. Risk appetite is on the downside this morning as investors digested the latest virus development from China where rising Covid deaths are sparking worries of tighter restrictions in the…

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November 20, 2022 BY Steffy Bogdanova

Capitalise.ai partners with AvaTrade to provide automated trading

Daire Ferguson, AvaTrade CEO, commented: Our partnership with Capitalise.ai is just further proof of our ongoing commitment to our traders, as we continue to provide them with innovative ways to trade, apply strategies and make every trade easier to accomplish, ensuring that everyone can become a trader. The newly announced collaboration will allow AvaTrade clients…

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