After breaking the $2k barrier for the first time in a year, gold has given back some of its recent gains ahead of Wednesday’s all-important Fed monetary policy decision. Read More
Oil prices continued their decline in the European session before bouncing ahead of the US open. Given the recessionary fears engulfing markets will we see a sustainable upside push for Oil prices? Read More
The prior resilience of the FTSE 100 index appears at risk as the very exposure to financials and energy that held it in good stead adds to its new-found fragility Read More
<p>On Sunday, UBS agreed to <a href=”https://www.financemagnates.com/institutional-forex/ubsagreed-to-buy-troubled-rival-credit-suisse/” target=”_blank” rel=”follow”>buy rival Credit Suisse for EUR 3 billion</a>. While the deal, supported by Swiss regulators, was about to stabilize the country’s potential banking crisis, it has pushed global markets into downward spirals as they opened on Monday morning. </p><p>Credit Suisse Acquisitions Put Global Markets in Red </p><p>The <a href=”https://www.financemagnates.com/institutional-forex/credit-suisse-highlights-material-weakness-in-delayed-annual-report/” target=”_blank” rel=”follow”>share price […]
USD/JPY has continued to decline as mounting fears of further contagion throughout the banking sector weigh on the Dollar, boosting the safe-haven appeal of the Yen. Read More
<p>OANDA, a longtime player in the multi-asset retail trading industry, has expanded its contracts for difference (CFDs) offering beyond European equities to now include popular US and UK stocks. The launch was introduced under the Global Markets division, the broker announced on Monday.</p><p>With the launch, OANDA clients in the emerging markets can now trade CFDs on the shares of companies […]
<p>Consob, Italy’s financial market watchdog, continues its crackdown on illicit financial services platforms, with the most recent blacklist of five new entities. These platforms are unregulated in Italy and unlawfully provide their services to retail consumers locally and in other regions.</p><p>Consob Adds Five New Illegal Platforms to Warning List</p><p>The blacklisted platforms are ToroProfit, Plan B ltd, EuropeanFX™ Markets Limited, CatenaFarmCapital […]
<p>The Cyprus Securities and Exchange Commission, <a href=”https://www.financemagnates.com/terms/c/cysec/” class=”terms__main-term” id=”37d97d82-59f8-4ce2-94d2-21c5bdc82663″ target=”_blank”>CySEC</a>, has withdrawn the Investor Compensation Fund (ICF) membership from the three ex-Cyprus Investment Firms (CIFs), including Inveza Capital Ltd, F1Markets Ltd and FF Simple and Smart Trades Investment Services Ltd.</p><p>CySEC Withdraws Investors’ Compensation Fund Membership of Three Companies</p><p><a href=”https://www.cysec.gov.cy/CMSPages/GetFile.aspx?guid=cef89c90-1f81-40cb-bb14-f54477b53f1e” target=”_blank” rel=”nofollow”>According </a>to the CySEC press release published on Monday, […]
The post Crypto Markets Shall Face An Inevitable Correction, Warns Peter Brandt appeared first on Coinpedia Fintech News The banking crisis has certainly brought the US down to its knees […]