New York-based forex broker Oanda launches crypto trading services in US
The broker’s partnership with Paxos will enable U.S.-based investors to spot-trade cryptocurrencies on Paxos’ itBit exchange through Oanda’s mobile platform. Read More
Rising Number of Cryptocurrency Scams in the UK. FCA Opened 432 Cases
<p> The United Kingdom’s <a href=”https://www.financemagnates.com/terms/f/financial-conduct-authority-fca/” target=”_blank” id=”4c85a54d-15e0-4e44-a214-8c55f71cb286_1″ class=”terms__main-term”>Financial Conduct Authority (FCA</a>) has opened 432 regulatory cases regarding possible crypto scams or unregistered businesses, according to the regulator’s fourth Consumer Investments Data Review published this week. The document aggregates data from April 1, 2021, to March 31, 2022.</p><p class=”MsoNormal”>The FCA saw an increase in enquires about cryptocurrency scams (59%) during […]
FTSE 100 Uncertainty Lingers Ahead of Bank Earnings
The UK FTSE 100 has managed to hold onto gains despite political turmoil that continues to threaten the British Pound. Will next week’s earnings provide a fresh catalyst for the UK index? Read More
British Pound Forecast: Increased GBP Volatility as Tory MPs Decide on a New Leader
After a week of complete turmoil and the PM’s resignation, things will get no better next week as the search for the next PM concludes. Read More
The Number of French Retail Investors Declined by 35% in Q3: AMF
<p>Market <a href=”https://www.financemagnates.com/terms/v/volatility/” target=”_blank” id=”7fd330d9-8855-4c31-9770-cb52b328c117_1″ class=”terms__main-term”>volatility</a> amid the economic impact of the pandemic resulted in an influx of retail traders. However, now the tide has turned. On Friday, the French financial market supervisor, locally known as <a href=”https://www.financemagnates.com/institutional-forex/french-regulator-amf-toughens-criteria-for-authorizing-dasps/” target=”_blank”>Autorité des Marchés Financiers</a> (AMF), revealed around a 35 percent decline in the number of individuals making equity transactions in the third […]
EUR/USD Outlook: 0.9850 Holds Firm as ECB Meeting Comes into Focus
The pair has largely traded in a 120 pip range this week and lacks clear direction. Will the ECB provide a catalyst for its next move? Read More
FXTM’s UK Arm Sees over 7% FY2021 Revenue Drop
<p>Exinity UK Limited, which operates the British arm of Andrey Dashin’s FX and CFDs broker brand, <a href=”https://www.financemagnates.com/tag/fxtm/” target=”_blank”>FXTM</a>, has published its financials for the 2021 fiscal year ending 31 December. The company’s total revenue for the period came in at £1.79 million, a yearly decline of more than 7.2 percent.</p><p>The figure remained higher than the <a href=”https://www.financemagnates.com/forex/brokers/fxtms-uk-subsidiary-quadruples-revenue-in-2019/” target=”_blank”>pre-pandemic levels</a>. […]
US Dollar (USD) Primed for the Next Move Higher as US Treasury Yields Rally
US Treasury yields continue to post fresh multi-year highs on further hawkish Fed rhetoric, and the US dollar is taking no prisoners in the FX market. Read More
USD/JPY Update: USDJPY Trades Above 150 as FX Intervention Looms, CPI at 3%
Japanese inflation breaches the 3% mark ahead of the BoJ’s quarterly report. Markets wary of another round of FX intervention as USD/JPY breaches crucial 150 level Read More
Hong Kong Dollar Peg Will Survive Stern Test by Rampant Greenback
The Hong Kong Dollar is being hammered like many other currencies by its US cousin’s surging popularity, but there seems little sign that its venerable ‘peg’ is under threat. Read More