Category: Forex

Daily Market Commentary
June 29, 2022 BY Steffy Bogdanova

Daily market commentary: Brent crude prices fall, as investors consider a slowdown in global economic activity

Against this backdrop, today’s pause in the rise of prices comes as investors weigh the potential impact of the looming recession on future fuel demand; whether this pause will last remains to be seen, but the current scenario, where demand outstrips supply, would normally support further prices increases. Ricardo Evangelista – Senior Analyst, ActivTrades Disclaimer: opinions…

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June 29, 2022 BY Steffy Bogdanova

HYCM provides traders with professional tools and services

Finally, Seasonax has a slightly different approach to analysis. It focuses on the seasonality of different asset classes and individual symbols. The tool works with more than 30 years of historical price data to allow HYCM traders to see if there are any seasonal patterns to observe and trade on. Seasonax can offer a different…

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June 28, 2022 BY Steffy Bogdanova

CySEC issues warning about seven unregulated entities

The Cypriot watchdog stated: CySEC urges investors to consult its website (www.cysec.gov.cy), before conducting business with investment firms, in order to ascertain the entities which are licensed to provide investment services and/or investment activities. Earlier in June, CySEC added six companies to its warning list.

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ASIC ban
June 28, 2022 BY Steffy Bogdanova

ASIC calls on market operators and participants to continue providing services even during outages

ASIC is eager to tackle market outages in response to the Australian Securities Exchange (ASX) equity market outage in November 2020 following a major technical upgrade. ASIC’s latest concerns of market outages come with several important updates in the industry, including the replacement of CHESS, Cboe’s technology upgrade and the implementation of new market integrity…

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Robinhood
June 28, 2022 BY Steffy Bogdanova

FTX exploring acquisition of Robinhood Markets

Bankman-Fried recently bought a 7.6% stake in Robinhood through his company Emergent Fidelity Technologies. Robinhood Markets is controlled by its co-founders, Chief Executive Officer Vlad Tenev and Chief Creative Officer Baiju Bhatt, who hold more than 50% of the voting power. Robinhood Markets’s commission-free model disrupted the retail stock trading industry. The brokerage gained a…

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June 28, 2022 BY Steffy Bogdanova

Weekly data: European inflation ahead

On the chart, the picture is generally neutral aparts from moving averages. Volume is low so far this week and the slow stochastic is almost exactly neutral at just above 50. The 50 SMA is the main technical reference at the moment, with movement above there unlikely unless traders receive positive new information of some…

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Daily Market Commentary
June 27, 2022 BY Steffy Bogdanova

Daily market commentary: The US dollar index is hedges lower

Also offering support to the American currency, is the growing likelihood of an economic recession, triggered by the withdrawal of stimulus; a scenario that increases demand for the relative safety of the dollar. Ricardo Evangelista – Senior Analyst, ActivTrades Disclaimer: opinions are personal to the authors and do not reflect the opinions of LeapRate. This is…

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June 27, 2022 BY Steffy Bogdanova

Russia defaults on Foreign Debt for a first time in a century

The Kremlin has repeatedly pushed back against the default saying there is no grounds for it. However, the country is unable to send money to bondholders because of the western sanctions. Meanwhile, Reuters reported that some Taiwanese holders of Russian bonds denominated in euros had not received interest payments. Euroclear has not confirmed if the…

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