S&P 500 Rallying into CPI Again: USD Grinds Support as EUR/USD Tests Resistance
Tomorrow brings the CPI report from the month of December and expectations are for further reduction. The bigger question after last month is market response. Read More
FXCubic Completes VertexFX Trader Integration
<p class=”MsoNormal”>FXCubic, a London & Limassol-based connectivity technology provider for the forex industry, has successfully integrated with Hybrid Solution’s online multi-asset trading platform, VertexFX Trader. The technology provider announced the development on Wednesday. </p><p class=”MsoNormal”>“This mutually beneficial new integration will open up a new customer base for FXCubic and will give VertexFX’s clients the option of an innovative and sophisticated […]
UK 100 Outlook: FTSE 100 Shakes Off Recession Risks Rising Above 7700
The UK FTSE 100 has maintained its bullish outlook ahead of tomorrow’s US CPI print, rising above pre-pandemic levels despite rising recession risks. Read More
Gold Price Latest: XAU/USD Piercing Multi-Month Resistance
The precious metal continues to grind higher and unless Thursday’s US inflation release comes in higher than expected, gold is likely to test resistance around the $1,900/oz. level this week. Read More
Offshore FX Broker ThreeTrader Becomes Financial Commission Member
<p>The Financial Commission (FinCom), a <a href=”https://www.financemagnates.com/tag/financial-commission/” target=”_blank” rel=”follow”>self-regulatory organization in the financial services space</a>, has added the offshore foreign exchange (FX) broker, ThreeTrader as the latest approved member. The broker’s Approved Broker Members status became effective on 19 December 2022.</p><p>ThreeTrader Becomes a Financial Commission Member</p><p>ThreeTrader is incorporated and regulated in Vanuatu and operates as a retail brokerage, offering trading […]
EUR/GBP Forecast: Euro Takes Centre Stage Via ECB Speakers
The EUR/GBP currency pair is trading higher this Wednesday on the back of hawkish ECB officials in preparation for key economic data later in the week. Read More
Tools for Brokers Partners with Options, Provides Complex Solution for Retail Brokers
<p> Tools for Brokers (<a href=”https://www.financemagnates.com/tag/tools-for-brokers/” target=”_blank” rel=”follow”>TFB</a>), a provider of technologies in the trading industry, has partnered with Options Technology, an IT infrastructure provider to capital market companies, to offer retail brokers seamless streaming of the market data.</p><p class=”MsoNormal”>Options Technology Cooperats with Tools for Brokers</p><p class=”MsoNormal”>According to the press release, <a href=”https://www.financemagnates.com/tag/options/” target=”_blank” rel=”follow”>Options </a>provides trading firms with access […]
AAT Upholds Olive Financial Markets’ Aussie Licence Cancellation
<p>The Australian Securities and Investments Commission (<a href=”https://www.financemagnates.com/terms/a/asic/” target=”_blank” id=”dfb41d67-b79e-4b09-b365-1f341b85a51b_1″ class=”terms__main-term”>ASIC</a>) announced on Wednesday that the country’s Administrative Appeals Tribunal (AAT) had upheld the decision for the <a href=”https://www.financemagnates.com/tag/afsl/” target=”_blank” rel=”follow”>cancellation of the license</a> of Olive Financial Markets Pty Ltd (Olive).</p><p>AAT Upholds Olive’s AFS License Cancellation</p><p><a href=”https://www.financemagnates.com/forex/brokers/asic-cancels-afs-licence-of-olive-financial-markets/” target=”_blank” rel=”follow”>ASIC originally canceled Olive’s Australia Financial Services (AFS) license</a> on 16 March […]
USD/JPY Latest: Hints of BoJ Policy Tweaks and Death Cross in View
USD/JPY has been dropping as US interest rate expectations are revised lower. A potential death cross in the pair supports the current trend ahead of crucial US CPI Read More
Cornerstone Expects 109% Revenue Uptick in 2022
<p>Cornerstone FS Plc (AIM: CSFS), a cloud-based provider of global payments and currency <a href=”https://www.financemagnates.com/terms/r/risk-management/” target=”_blank” id=”aedb745c-adf9-415f-97e2-ee56a920f0f8_1″ class=”terms__main-term”>risk management</a> services, revealed an unaudited trading update on Wednesday, revealing its expectation of generating £4.8 million in revenue for 2022. The figure is 109 percent higher than the revenue of the previous year and 12 percent above market expectations.</p><p>Cornerstone Expects Solid 2022 […]