Tag: APAC

Daily Market Commentary
May 04, 2023 BY Steffy Bogdanova

Daily Report: EUR/USD to Push for Higher Timeframe Resistances?

EUR/USD Technical View The EUR/USD aggressively explored lower levels following the rate announcement. Leaving the underside of $1.11 unchallenged, downside pressure led H1 price action into a floor of bids around the $1.10 psychological figure. I am sure most would agree that the H1 chart is a bit of a mess; although we are rebounding…

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May 02, 2023 BY Steffy Bogdanova

Daily Report: USD/JPY on track to snap winning streak

USD/JPY Direction Having noted price movement testing the mettle of weekly resistance at ¥137.23 and daily price on the verge of reclaiming space back under the 200-day simple moving average (aided by an RSI oversold signal), this appears to be a sellers’ market for the time being, at least technically speaking. While there is a…

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Tradeweb
April 27, 2023 BY Steffy Bogdanova

Tradeweb plans to acquire electronic trading platform Yieldbroker

The official announcement detailed that the deal will leverage both firms’ trading solutions and industry experience to create more liquid, transparent and efficient fixed income markets. Through the acquisition, Yieldbroker will gain access to domestic client network, including superannuation funds, as well as Tradeweb’s global multi-asset platform, liquidity and technology. The companies also believe that…

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Nomura
April 26, 2023 BY Steffy Bogdanova

Nomura ends the financial year with net revenue down 2%

Kentaro Okuda, Nomura President and Group CEO, said:  We reported net revenue of 1,335.6 billion yen and net income of 92.8 billion yen for the full year, both representing a year on year decline amid volatile markets due to heightened geopolitical risks, inflation and central bank monetary policy tightening. Q4 results The Japanese company saw…

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April 20, 2023 BY Steffy Bogdanova

ThinkMarkets expands to New Zealand with a new business arm

ThinkMarkets further highlighted that the new entity is regulated by the New Zealand Financial Markets Authority (FMA). The company’s clients in the region can trader more than 4,000 financial instruments on the ThinkTrader platform, which is available on mobile, web and desktop. Nauman Anees, CEO and co-founder of ThinkMarkets, commented: We are delighted to expand…

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Australia
April 17, 2023 BY Steffy Bogdanova

Sophisticated scams on the rise: Australians lose record AU$1.5 billion to investment scams in 2022

She said: As scammers become increasingly sophisticated in their tactics, it is clear a coordinated response across government, law enforcement, and the private sector is essential to combat scams more effectively. The number of scam reports received by Scamwatch reduced by 16.5% last year to 239,237, while the financial losses increased by 76% to over…

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April 06, 2023 BY Steffy Bogdanova

Binance asks ASIC to cancel its AFS license

The Aussie regulator has been conducting a focused evaluation of Binance’s financial services business in Australia, focusing on the categorisation of retail and wholesale consumers. ASIC issued a hearing notice on 29 March to assess whether to revoke or suspend the AFS licence held by Oztures Trading Pty Ltd. ASIC Chair Joe Longo said: It…

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