Category: Forex

May 31, 2022 BY Steffy Bogdanova

Weekly data: all eyes on the NFP

With price now within the value area between the 100 and 200 SMAs and strongly oversold based on the slow stochastic, a pause seems likely in the runup to tomorrow’s meeting of the BoC. The target for sellers in the medium term seems to be last month’s lows around C$1.25, while to the upside the…

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May 30, 2022 BY Steffy Bogdanova

CySEC issues warning about four 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. In April, CySEC fined Capital.com operator €10,000 for late submission of suspicious trading.

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Saxo Markets appoints Joanna Moberly as head of legal
May 30, 2022 BY Steffy Bogdanova

Joanna Moberly joins Saxo Markets UK as new head of legal

In her new role, she will be based in London and report to Charles White-Thomson, CEO of Saxo Markets UK. Moberly will also continue to be an active member of the legal community volunteering to mentor College of Law students as well as those young people seeking to enter the legal profession. Charles White-Thomson, CEO…

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ASIC ban
May 30, 2022 BY Steffy Bogdanova

ASIC sues ANZ over incorrect fees and misrepresentations

The regulator alleged that the bank has not adequately fixed the problem and that customers continue to be affected. Between May 2016 and September 2021 ANZ also made false and misleading representations regarding withdrawal fees. According to the regulator, the bank continued with the misleading representation even after that period. Court added: This alleged misconduct…

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ETX Capital to OvalX rebrand
May 30, 2022 BY Steffy Bogdanova

ETX Capital rebrands as OvalX

OvalX announced the new branding over a LinkedIn post showcasing the change of the brand. The announcement said: Having delivered trustworthy service our customers can rely on for decades, we’ve made sure any changes we introduce don’t affect the services our customers you know and love. As the next step in our evolution, we’ve changed…

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Centroid Solution integrates with FTX
May 30, 2022 BY Steffy Bogdanova

Centroid Solution’s connectivity engine integrates with FTX

The firm also said that Centroid clients can establish connections to FTX from the Centroid Bridge engine and gain access to a wide variety of crypto trading products. Cristian Vlasceanu, CEO of Centroid Solutions, commented: The connectivity to FTX is one of many integrations and functionalities that we have been working on, as we look…

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Freetrade
May 27, 2022 BY Steffy Bogdanova

Freetrade sees a jump in revenue to £12.7 million in FY21

The number of registered users also rose significantly during FY21, with 637,895 new traders on the platform. The year ended with a total of 886,743 users and 256% increase compared to FY20. Freetade also revealed that by the end of 2021, the numbers of users surpassed 1 million. The firm recently announced raising £30 million…

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Capex and Web 3
May 26, 2022 BY Steffy Bogdanova

Fintech under Web 3 and decentralized finance

Due to these advantages of the DeFi systems, Web 3.0 can make the onboarding process more user-friendly. It can also make the storing of data safer. The list of contributing technologies to Web 3.0 can help fintechs automate processes to perform customer journey mapping and allocate resources more efficiently to meet client demands, facilitate better…

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Market Analysis
May 26, 2022 BY Steffy Bogdanova

Daily market commentary: European markets followed the global neutral trend on Thursday following a mixed opening

European Shares European markets followed the global neutral trend on Thursday following a mixed opening, as traders digest the latest macro developments. Investors welcomed the minutes of the last FOMC meeting yesterday, especially after it indicated the Fed could be less aggressive than initially expected, by changing the pace of its current hawkish approach if…

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