Category: Forex

Daily Market Commentary
June 14, 2022 BY Steffy Bogdanova

Daily market commentary: Brent oil prices rise as tight supply continues to squeeze an already tight market

Gold Gold prices bounced back from multi-week lows reached during early Asian trading this Tuesday. The precious metal is under pressure from rising bond yields and a strengthening dollar, as the markets react to last week’s release of US inflation, which was the highest in four decades. Investor expectations are shifting to accommodate a more…

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Euronext
June 14, 2022 BY Steffy Bogdanova

Euronext acquires technology businesses from Nexi’s capital markets activities

For over 30 years Nexi has been a partner of MTS and Euronext Securities Milan, powering their technology. Following the completion of the deal, Nexi will continue to provide technology services to Euronext under transitional arrangements and other services under related commercial agreements. Renato Martini, Digital Banking & Corporate Solutions Director at Nexi, said: This…

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June 14, 2022 BY Steffy Bogdanova

Weekly data: markets await the Fed and BoE

On the chart, cable has moved clearly into oversold based on the slow stochastic. The price has been below all three of the 50, 100 and 200 simple moving averages since February. Selling in at the current area would traditionally be considered an unacceptable risk except on a very low timeframe, so awaiting a possible…

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Equinix makes two appointments to its BoD
June 14, 2022 BY Steffy Bogdanova

Equinix appoints Fidelma Russo and Jeetu Patel to its Board

At Cisco, Jeetu Patel serves as its Executive Vice President and General Manager of Security and Collaboration. There, he leads the strategy and development for these businesses. He is also responsible for P&L for this multibillion-dollar portfolio. In this position, he focuses on accelerating the company's transformation and growth. Before joining Cisco, Patel worked as…

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City Index announces rebrand
June 13, 2022 BY Steffy Bogdanova

City Index rebrands and announces new performance analytics feature

PlayMaker enables clients to minimise downside risks with good money management rules, setting reminders to protect themselves from emotional trades and track metrics on open trades in real-time in order to stay disciplined. Giles Watts, City Index Regional Business Director, UK commented: Today’s financial markets and global events bring both risk and opportunity for investors.…

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June 13, 2022 BY Steffy Bogdanova

Daily market commentary: The US dollar gains ground, as the markets digest surprisingly high US inflation figures

Gold Gold prices dropped during early Monday trading, after gaining approximately 1.3% on Friday, following the release of May’s US inflation data on Friday, which revealed that consumer prices rose at the fastest pace in four decades. The precious metal, whose price usually moves inversely to the US dollar, strengthened on Friday, despite the dollar…

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Danish FSA grants GCEZ with licenses
June 13, 2022 BY Steffy Bogdanova

GCEX obtains licenses by the Danish FSA

Lars Holst, Founder and CEO, GCEX said: It is a priority for GCEX to have multi-jurisdictional regulatory coverage as this gives clients the choice of trading with the regulated entity which best suits their requirements. As Brexit has completely changed the landscape for UK regulated brokerages in terms of passporting, we believe it is very…

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June 10, 2022 BY Steffy Bogdanova

CySEC announces withdrawal of ICF membership of Hoch Capital

In March 2019, Hioch Capital faced allegations of possible regulatory violations and settled with CySEC for €200,000. In June 2020, FCA banned the Cypriot firm for using unauthorised celebrity endorsements on social media as part of their marketing. CySEC stated in the official announcement: The loss of ICF membership status does not mean loss of…

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June 10, 2022 BY Steffy Bogdanova

ThinkMarkets expands product suite with a web-based trading platform

The company stated: Our mission has always been to provide ThinkMarkets customers with all the tools they need to achieve exceptional trading results with a seamless user experience. According to the official press release, the ThinkTrader platform aims to bridge the gap between mobile and desktop trading. ThinkMarkets stated that the new platform offers muti-screen…

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