Daily Market News: Stocks fall after Fed chair Powell gives uncertain outlook LeapRate

May 14, 2020 BY Valentina Kirilova

Daily Market News: Stocks fall after Fed chair Powell gives uncertain outlook

What to watch Brookfield Asset Management: Alternative investments giant Brookfield reports its Q1 2020 earnings today, investors will be looking for insight into how the firm is deploying assets to make opportunistic acquisitions during this volatile period. This week, the firm announced that it is setting up a $5bn fund to take stakes in struggling…

May 14, 2020 BY Steffy Bogdanova

Fintech FXCubic teams up with online broker Libertex for liquidity services

Wassim Khateeb, Head of Business Development at FXCubic, remarked: We are incredibly pleased to be adding Libertex to our continuously expanding family of partners. Each partner brings new challenges but also gives us the opportunity to learn and better ourselves, helping us move forward towards our goal of becoming an internationally recognised leader within the…

May 13, 2020 BY Steffy Bogdanova

Synergy Markets advises customers to trade crude oil with caution in its new report

Head of Synergy Markets, Christian Dove commented: I know many retail customers out there are desperate to benefit from what they see as huge opportunity to trade crude oil at these low prices. However, I advise – if you intend to trade oil, then please do so with great caution. I think we could easily…

May 13, 2020 BY Valentina Kirilova

Daily market commentary: The pound is making gains versus the euro and the dollar

GOLD Volatility on gold remains modest with the spot price continuing a slow dance just above the threshold of $1,700 while traders await fresh directional input. Despite European stocks in red this morning, investors are not rushing to buy gold, meaning that they don’t see this correction on stock markets as a reaction to April's…

May 13, 2020 BY Valentina Kirilova

Daily Market News: UK economy sinks; Uber looks to take a bite out of rival Grubhub

FTSE 100 gains as furlough scheme extended Large cap London-listed stocks enjoyed a positive day yesterday, with the UK market closing before the US sell-off began. Helping sentiment was the news that the Treasury’s furlough scheme, which is currently funding millions of workers to stay at home, is being extended to October. The Bank of…

May 12, 2020 BY Steffy Bogdanova

Wirecard and Varengold Bank provide payment solutions to FinTech firms

The cooperation will provide for Varengold Bank’s customers Wirecard’s banking-as-a-service expertise, spanning digital banking, prepaid card issuing, acquiring and loan fronting services. Wirecard’s customers will, in turn, benefit from Varengold Bank’s capabilities in creating tailor-made financing solutions. Leonard Coen, Head of Sales Financial Institutions & FinTech Europe at Wirecard commented: At its core, this collaboration…

May 12, 2020 BY Valentina Kirilova

Daily market commentary: Investors are betting on a V-shaped recovery for economies

OIL Investors are betting on a V-shaped recovery for economies and a similar scenario on oil demand. Moreover, they are seemingly confident that there will be space in Cushing’s oil tanks at the expiries of the contracts in the coming months. All this sounds a bit too optimistic but what we have seen is that…

May 12, 2020 BY Steffy Bogdanova

B2Broker to offer oneZero Platform in Belarus

The next integration allows brokers to connect the OneZero hub with B2Broker’s UI. A fully customizable UI with dynamic widgets and multiple workspaces is also currently in progress. B2Broker also offers integration with its cryptocurrency payment gateway, b2binpay.com. The crypto payment provider B2Binary offers enterprise wallets solutions for Margin Exchanges, Spot Exchanges and Crypto Brokers,…

May 12, 2020 BY Steffy Bogdanova

Refinitiv and the Bank of China team up for AI innovation in FX trading

The Bank of China and Refinitiv have teamed up to launch DeepFX, a FX price prediction app. DeepFX is an Eikon app that leverages Refinitiv’s data, improving the Bank of China’s Digital Asset Management Department’s FX AI model. The ‘Liter’ version of the app is free with subscription to Eikon. Traders or FX researchers can…

May 12, 2020 BY Valentina Kirilova

Daily Market News: New Wuhan cases prompt fears of second wave

UK stocks flat after lockdown guideline confusion Both large cap and mid cap London-listed stocks posted a near flat day on Monday, after a confusing day in which the Prime Minister was forced to put out a substantial clarification about the advice he provided on the lifting of lockdown measures over the weekend. His statement…

Category: Forex

Daily Market News: Stocks fall after Fed chair Powell gives uncertain outlook

Fintech FXCubic teams up with online broker Libertex for liquidity services

Synergy Markets advises customers to trade crude oil with caution in its new report

Daily market commentary: The pound is making gains versus the euro and the dollar

Daily Market News: UK economy sinks; Uber looks to take a bite out of rival Grubhub

Wirecard and Varengold Bank provide payment solutions to FinTech firms

Daily market commentary: Investors are betting on a V-shaped recovery for economies

B2Broker to offer oneZero Platform in Belarus

Refinitiv and the Bank of China team up for AI innovation in FX trading

Daily Market News: New Wuhan cases prompt fears of second wave

Kraken Buys Capitalise.ai to Add No-Code Automation to Kraken Pro

United Fintech Names Rupsa Mukherjee Head of M&A

DriveWealth Appoints Naureen Hassan as Global CEO

ASIC Expands Scam Takedowns to Target Social Media Ads

CME Group and FanDuel Announce Joint Venture, Partner to Launch Event Contracts Platform