New Zealand Dollar Skips a Beat after RBNZ Hike. Where to for NZD/USD?
The New Zealand Dollar jumped around after a 50 basis point rate hike by the RBNZ in the face of the impacts of severe weather events. Where to for NZD/USD? Read More
Dow Breaks From Pattern as VIX Soars…But Why Did the Dollar Budge?
There was a broad risk aversion sweeping the market with US traders back online this past session. Yet, despite a prominent breakdown from the Dow leveraging fears of risk aversion and Treasury yields conspicuously rising, the Dollar very noticeably refused to offer a significant response. Read More
USD/JPY Catapults Higher as Rally in Bond Yields Boosts US Dollar’s Appeal
The USD/JPY rallies on Tuesday and challenges a key technical resistance near the 135.00 area, bolstered by rising U.S. Treasury yields Read More
Gold and Crude Oil Await Dollar Break for Their Own Commitment
Despite the traction ‘risk assets’ have exhibited for bears through Tuesday’s trading session, the US Dollar doesn’t seem to have caught its safe haven wind. That has thrown an unexpected curb on key developments for crude oil and gold which seem break prone but are principally USD-priced. Read More
eToro Gets BitLicense and Money Transmitter Licenses from New York
<p>eToro, an Israel-based social trading network, has been granted the virtual currency license, also known as the BitLicense, by the New York State Department of Financial Services. The state regulator also granted a money transmitter license to eToro, the trading network announced on Tuesday, adding that it secured the license through eToro NY LLC, its subsidiary in the United States.</p><p>eToro […]
Spectrum Markets Marks Record 2022 as Turnover Surges 147% to €3.33bn
<p>Spectrum Markets, a Germany-based securitized derivatives trading provider, saw a record year in 2022 as its order book turnover skyrocketed 147% to €3.33 billion (bn) during the past year. The trading volume during this period also jumped by 68% from 848 million in 2021 to 1.42 billion. </p><p>The volume came from almost 3.5 million trades executed in 2022, Spectrum Markets […]
S&P 500 Slumps as US PMI Recovers, Economic Resilience Boosts Treasury Yields
The S&P 500 extends losses following better-than-expected U.S. PMI data, as resilient U.S. economic activity raises risks that the Fed will have to keep raising rates in the near term. Read More
Huobi to Launch Huobi Hong Kong Crypto Exchange amid Regulatory Update
<p>Huobi, a major crypto <a href=”https://www.financemagnates.com/terms/e/exchange/” class=”terms__main-term” id=”b5da6e64-2afe-421d-9b81-16404b7d59d6″ target=”_blank”>exchange</a> founded in China, has revealed its plans to obtain regulatory approval in Hong Kong to provide digital asset trading services in the Chinese special administrative region. The decision came just a day after the local Securities and Futures Commission (SFC) announced it is considering changes in its <a href=”https://www.financemagnates.com/cryptocurrency/hong-kong-set-to-legalize-crypto/” target=”_blank” rel=”follow”>current […]
Huobi to Launch Huobi Hong Kong Crypto Exchange amid Regulatory Update
<p>Huobi, a major crypto <a href=”https://www.financemagnates.com/terms/e/exchange/” class=”terms__main-term” id=”b5da6e64-2afe-421d-9b81-16404b7d59d6″ target=”_blank”>exchange</a> founded in China, has revealed its plans to obtain regulatory approval in Hong Kong to provide digital asset trading services in the Chinese special administrative region. The decision came just a day after the local Securities and Futures Commission (SFC) announced it is considering changes in its <a href=”https://www.financemagnates.com/cryptocurrency/hong-kong-set-to-legalize-crypto/” target=”_blank” rel=”follow”>current […]
JPMorgan Joints the Investment Banking Jobs Cuts Wagon
<p>JPMorgan Chase & Co. (<a href=”https://www.financemagnates.com/tag/jpmorgan/” target=”_blank” rel=”follow”>JPM</a>) has decided to cut its investment banking team in Asia-Pacific, mainly in Greater China, according to a recent report by Bloomberg. People familiar with the matter said that the financial giant wants to reduce the current workforce in the division by 30 positions.</p><p>JPMorgan Custs Investment Banking Jobs</p><p>Although the headcount reduction affects less […]