Thursday, June 30, 2016

HSBC Moves Middle East Head Office From Jersey to Dubai

HSBC Moves Middle East Head Office From Jersey to Dubai

HSBC Moves Middle East Head Office From Jersey to Dubai

Posted: 30 Jun 2016 03:10 PM PDT

HSBC Middle East completed its transfer to Dubai which will attract assets ‎valued at more than $40 billion to DIFC

Commerzbank Set To Axe Over 100 New York Jobs

Posted: 30 Jun 2016 02:05 PM PDT

The German lender is due to cut more than 100 investment-banking jobs in a move designed to cut costs and boost profitability.

S&P Downgrades EU to AA from AA+ After Brexit

Posted: 30 Jun 2016 11:49 AM PDT

After the UK, S&P has downgraded the EU's credit rating placing it under stable outlook.

Odey Asset Management’s James Hanbury Nets £110m on Brexit Trade: Mail Online

Posted: 30 Jun 2016 10:36 AM PDT

Reminiscent of Soros' 93 trade, James Hanbury's FX bet nets £110m from Brexit.

Trumid Launches Market Center Corporate Bond Trading Platform

Posted: 30 Jun 2016 09:28 AM PDT

Market Center incorporates a new set of tools that fit seamlessly within a user's workflow while making bond trading easier.

Cypriot Investment Firm Grow Wealth Assets Limited Renounces its CySEC license

Posted: 30 Jun 2016 09:07 AM PDT

CySEC today said that Grow Wealth Assets's license lapsed as of May 23rd 2016.

HSBC Chairman Rules Out Moving Headquarters from London after Brexit

Posted: 30 Jun 2016 08:06 AM PDT

HSBC's Chairman Douglas Flint speaks about Brexit at City UK conference today.

Hong Kong’s SFC Adds Three More Unlicenced Entities to its Alert List

Posted: 30 Jun 2016 08:05 AM PDT

The SFC has warned about three financial services firms soliciting their services claiming to be based in Hong Kong.

Deutsche Borse Completes Sale of ISE to Nasdaq

Posted: 30 Jun 2016 07:20 AM PDT

Deutsche Borse's sale of ISE to Nasdaq was fully completed today.

UniCredit Appoints Jean-Pierre Mustier to Help Steer Bank Out of Doldrums

Posted: 30 Jun 2016 07:11 AM PDT

Jean-Pierre Mustier succeeds Federico Ghizzoni as the Chief Executive at UniCredit.

Markit Selects Wall Street Horizon to Supply Corporate Data to Markit Hub

Posted: 30 Jun 2016 06:36 AM PDT

Clients will now have access to information to help them manage risk, understand price movement and avoid volatility.

IBM Successfully Tests Blockchain KYC with France’s Crédit Mutuel Arkéa

Posted: 30 Jun 2016 05:53 AM PDT

Ultimately, Crédit Mutuel Arkéa could offer its clients blockchain identity verification services for other organizations.

Sucden Financial Promotes Lucy Wainman, Replacing Jeremy Goldwyn

Posted: 30 Jun 2016 05:23 AM PDT

Ms. Wainman steps into her new role following the departure of Jeremy Goldwyn.

Belize’s IFSC Warns Public that YieldOptions is not Authorised

Posted: 30 Jun 2016 05:21 AM PDT

The firm has been flagged by the Belize ‎watchdog for falsely stating that it is licensed by the IFSC.‎

UK Gambling Industry’s Total Yield Rises 12.5% in Latest Industry Analysis

Posted: 30 Jun 2016 05:15 AM PDT

Gambling is on the rise in the UK, with growth coming from online betting and other lottery ventures.

Michael Greenberg’s Special Analysis of Brexit Prospects

Posted: 30 Jun 2016 04:56 AM PDT

The UK leaving the EU will have a deeper impact on the FX industry than the SNB crisis had.

What to Take into Account when Choosing LP and Bridging Technology

Posted: 30 Jun 2016 04:38 AM PDT

My first tip for you is to bargain with liquidity providers!

Winklevoss Bitcoin Trust Shifts Focus from Nasdaq to BATS

Posted: 30 Jun 2016 04:06 AM PDT

A Bitcoin ETF based on spot price from the Gemini exchange could be coming to BATS Global Markets.

Euronext Rolls Out PSI 20 Options, Extending Portuguese Offering to Europe

Posted: 30 Jun 2016 03:31 AM PDT

The options launch extends Portuguese benchmark exposure to institutional and retail investors.

UBS Rolls Out Trifecta of Executive Departures, Consolidating Global Units

Posted: 30 Jun 2016 02:42 AM PDT

Roger Naylor, Chris Murphy, and Matt Hanning are each leaving the bank, resulting in unit consolidations globally.
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Peso Surges as Mexican Central Bank Shocks with 50bps Rate Hike

Peso Surges as Mexican Central Bank Shocks with 50bps Rate Hike

Peso Surges as Mexican Central Bank Shocks with 50bps Rate Hike

Posted: 30 Jun 2016 07:36 PM PDT

The Mexican Peso surged by two percent after Banco de Mexico shocked speculators with a 50bps rate hike. This move extended the reversal from Peso record lows hit shortly after the “Brexit” vote.

Trading Video: ECB and BoE Threaten More Easing, Risk Rally Cools

Posted: 30 Jun 2016 07:18 PM PDT

The prevailing risk appetite run backing an uneven climb between equities, Yen crosses and commodities has uniformly slowed this past session.

Yen Little Changed after In-Line Japanese CPI and Jobless Data

Posted: 30 Jun 2016 07:08 PM PDT

The anti-risk Japanese Yen was little changed against its major counterparts after in-line CPI and jobless readings maintained deflation troubles and unemployment at two-decade lows.

A Further Drive to Stimulus and Protectionism Lifting the Dollar

Posted: 30 Jun 2016 06:05 PM PDT

Monetary policy is growing increasingly extreme at the same time its effectiveness diminishes.

Webinar: Trading Price Action in USD Trends

Posted: 30 Jun 2016 02:12 PM PDT

In this webinar, we used price action to analyze trends around the US Dollar in the effort of finding the most attractive trends and themes moving forward.

USDOLLAR 200 Day Average is Providing Resistance

Posted: 30 Jun 2016 01:28 PM PDT

Crude Consolidating before Going Higher

Posted: 30 Jun 2016 01:28 PM PDT

Gold Quiets after Brexit Spike

Posted: 30 Jun 2016 01:28 PM PDT

USD/CHF Turns Down before 200 Day Average

Posted: 30 Jun 2016 01:28 PM PDT

USD/CAD Rejected at Range Highs

Posted: 30 Jun 2016 01:28 PM PDT

USD/JPY 4th Day Up off of the Low

Posted: 30 Jun 2016 01:28 PM PDT

NZD/USD Might Struggle To Advance through Current Zone

Posted: 30 Jun 2016 01:28 PM PDT

AUD/USD Firms into Month-End

Posted: 30 Jun 2016 01:28 PM PDT

GBP/USD Consolidates above Long Term Channel Support

Posted: 30 Jun 2016 01:28 PM PDT

EUR/USD Nears Former Channel Support-Watch for Resistance

Posted: 30 Jun 2016 01:28 PM PDT

Near-term Setups in NZD, CAD, EUR & USDOLLAR into the July Open

Posted: 30 Jun 2016 01:08 PM PDT

Trading highlighted intraday setups in NZDUSD, USDCAD, EURUSD & USDOLLAR. Here are the updated targets and invalidation levels that matter.

NZD/USD Rally at Risk Ahead of ISM

Posted: 30 Jun 2016 11:16 AM PDT

Kiwi’s post-Brexit rebound is approaching initial resistance targets ahead of tomorrow’s US ISM release. Here are the updated targets & invalidation levels that matter.

Bearish USD/MXN: Post-Brexit Risk-On Rally Likely To Favor EMFX

Posted: 30 Jun 2016 10:35 AM PDT

China’s Market News: PBOC Addresses Yuan’s Recent Volatility

Posted: 30 Jun 2016 10:27 AM PDT

China’s Central Bank responded to market speculation around the Yuan. The FX regulator released China’s balance of trade and foreign debt gauges in 1Q.

Slowing China to Foster AUD/USD Weakness Ahead of RBA Rate-Decision

Posted: 30 Jun 2016 09:55 AM PDT

Signs of a slowing recovery in China, Australia’s largest trading partner, may drag on AUD/USD as it fuels bets for an RBA rate-cut.

GBP/USD Turns Lower as Carney Suggests Summer Easing

Posted: 30 Jun 2016 09:25 AM PDT

The British Pound continues to slide, as Bank of England Governor Carney has suggested that further easing may be necessary over the summer months.

As We Enter Q3, the Spotlight is Back on the Fed

Posted: 30 Jun 2016 06:48 AM PDT

While the world may have to wait for the next iteration of Brexit themes to play out, the Federal Reserve's rate hike expectations come back in the spotlight as we move into Q3.

UPDATE: USD/CAD Edges Lower as Canadian April GDP Meets Expectations

Posted: 30 Jun 2016 06:30 AM PDT

April Canadian GDP Numbers show a lukewarm bounce in economic activity.

AUD/USD Stalls at Resistance

Posted: 30 Jun 2016 05:40 AM PDT

The AUD/USD has attempted to breakout lower after initially stalling at a key point of resistance.

S&P 500: The V Continues, Familiar Inflection Point at Hand

Posted: 30 Jun 2016 04:00 AM PDT
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Wednesday, June 29, 2016

S&P 500 Leads the Risk Rebound, Why Do Pound and Yen Crosses Lag?

S&P 500 Leads the Risk Rebound, Why Do Pound and Yen Crosses Lag?

S&P 500 Leads the Risk Rebound, Why Do Pound and Yen Crosses Lag?

Posted: 29 Jun 2016 07:35 PM PDT

The risk rebound over the past 48 hours has been remarkable...if you were using US equities as your benchmark for sentiment.

Video: Temporary or Permanent Shifts for Pound, Euro, Equities?

Posted: 29 Jun 2016 07:10 PM PDT

Aggressive and sudden moves from the markets often draw out the contrarians. The volatility pulls in traders that hope to take advantage of the aftermath, and the presumption usually runs that a comparably dramatic move is most likely to be found in the correction.

Gold Prices Consolidating Another Bullish Breakout

Posted: 29 Jun 2016 12:55 PM PDT

Gold has been one of the most dangerous trades of 2016: While the up-trend is attractive, the moves higher have been quick and violent, driven by both fear and greed as risk aversion runs high.

GBP/JPY Technical Analysis: The Eye of the Storm

Posted: 29 Jun 2016 12:21 PM PDT

GBP/JPY has been putting in even more extreme volatilty than usual. But after Friday's 2,690 pip drop, how should traders approach moving forward?

WTI Crude Oil Price Forecast: Will “Buy The Dip” In Crude Prevail?

Posted: 29 Jun 2016 11:35 AM PDT

WTI Crude Oil (CFD: US Oil) Has Aggressively Pushed Higher As the US Dollar Has Backed Off. Oh, And Inventory Data Was Quite Bullish.

EUR/JPY Technical Analysis: A Zone of Confluence Awaits

Posted: 29 Jun 2016 11:33 AM PDT

EUR/JPY put in a 'game-changing' type of drop for price action, and traders need to be on guard for deeper retracements. But a zone of confluent resistance may offer re-entry potential in the very near future.

EURUSD Back at the June Open, Post-Brexit Rebound Eyes CPI for Fuel

Posted: 29 Jun 2016 11:28 AM PDT

Euro’s post-Brexit rebound leaves the pair unchanged on the month. Here are the updated targets & invalidation levels that matter ahead of the June close / CPI data

USD/CHF Technical Analysis: Be Careful of Pushing Short-USD

Posted: 29 Jun 2016 11:03 AM PDT

The Swiss National Bank intervened in the wake of Brexit to quell excessive Franc strength, and traders need to be on guard if pressing long CHF.

USD/CAD Technical Analysis: Can The USD Bring USD/CAD Above The 100-DMA?

Posted: 29 Jun 2016 10:55 AM PDT

Canadian Dollar Strengthened After the Canada Reported a Larger Than Expected Increase In Full-Time Jobs, Bringing USD/CAD Below Price Support.

China’s Market News: UK Among Top Offshore Centers for Yuan Settlment

Posted: 29 Jun 2016 10:30 AM PDT

The UK played a key role for Yuan settlement before it left the EU. What might happen next?

GBP/USD Technical Analysis: Resisting at Financial Collapse Lows

Posted: 29 Jun 2016 09:43 AM PDT

The Cable has moved up more than 375 pips off of the lows, but traders may want to exercise caution before chasing the down-trend lower, at least for now.

WTI Crude Oil Channels Higher

Posted: 29 Jun 2016 09:00 AM PDT

WTI Crude Oil (CFD: US OIL) prices are currently channeling higher, after bouncing from monthly lows at $41.84.

USD/CAD Risks Further Losses on Failed Test of Opening Monthly Range

Posted: 29 Jun 2016 08:30 AM PDT

USD/CAD may continue to give back the advance from the June low (1.2653) following the failed attempt to test the monthly opening range.

European Equities Continue to Lag Behind U.K. in Post-Brexit Bounce

Posted: 29 Jun 2016 06:40 AM PDT

While the world moves back from the ledge after the recent Brexit referendum, price action in equities may be transmitting a fairly clear signal to markets.

Dow Jones Industrial Average Punches Back After Brexit Collapse

Posted: 29 Jun 2016 06:35 AM PDT

After dropping a collective 6% on the heels of Britain voting to leave the EU, Dow Jones Industrial Average claws back almost half of those losses. The technical picture is currently bullish.

S&P 500 Technical Analysis: Bounce or Something More Meaningful?

Posted: 29 Jun 2016 05:47 AM PDT

All Quiet on the Western Front as GBP/USD Guides Equities Higher

Posted: 29 Jun 2016 05:00 AM PDT

More rabble rousing in UK Parliament that's amounted to...nothing. What can change between now and September anyhow?

The CAC 40 Breaks to Weekly Highs

Posted: 29 Jun 2016 04:55 AM PDT

The CAC 40 has broken higher this morning, and is trading up +2.75% on today’s session.

AUD/JPY Retraces in a Channel

Posted: 29 Jun 2016 04:45 AM PDT

The AUD/JPY is currently bouncing from support in a descending price channel.

Silver Prices: Trend, Resistance & Positioning Make for a Complex Picture

Posted: 29 Jun 2016 03:33 AM PDT

Euro-Zone Economic Sentiment Was Slightly Lower Pre-Brexit

Posted: 29 Jun 2016 02:36 AM PDT

The Euro was little changed versus the US Dollar after today's Eurozone Economic Confidence figures were slightly lower than expected

FTSE 100 Technical Analysis: Taking a Range-trader’s Approach

Posted: 29 Jun 2016 12:56 AM PDT

EUR/USD Ranging Post "Brexit" But This Won’t Last Forever

Posted: 29 Jun 2016 12:31 AM PDT

The EUR/USD is trading sideways as the market continues to ponder life after “Brexit”, but a technical break may imply a change

USD/CNH Technical Analysis: Decline Might Be Seen As a Correction

Posted: 28 Jun 2016 10:40 PM PDT

The USD/CNH is nudging lower today but the significant surge higher following “Brexit” might imply further strength ahead
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CFTC Oversight Division Concludes Evaluation of CBOE Futures’ Transparency

CFTC Oversight Division Concludes Evaluation of CBOE Futures’ Transparency

CFTC Oversight Division Concludes Evaluation of CBOE Futures’ Transparency

Posted: 29 Jun 2016 02:34 PM PDT

After one year, the CFTC determined that CBOE Futures did possess adequate trade practice surveillance

FINRA Levies $6 Million Fine on Deutsche Bank For Late “blue sheets”‎

Posted: 29 Jun 2016 01:14 PM PDT

FINRA fines Deutsche Bank AG's securities arm for submitting inaccurate and late trade data

Natural Gas Futures Weather Market Rally Reaches Critical Chart Area

Posted: 29 Jun 2016 01:08 PM PDT

Watch the price action and read the order flow at $2.752 and $2.607 this week.

Standard Chartered Secures Patrick Dupont-Liot as its DCM Director

Posted: 29 Jun 2016 12:24 PM PDT

Standard Chartered has bolstered its European unit with a key DCM hire.

Exclusive: Markets.com Continues Consolidating Staff, Dozens Let Go

Posted: 29 Jun 2016 12:18 PM PDT

The TradeFX subsidiary of Playtech has consolidated its staff amid an ongoing strategic transformation.

Nigeria Central Bank and Citibank Launches FX Futures Contracts

Posted: 29 Jun 2016 10:31 AM PDT

The Nigerian Central Bank is looking to firm up its exchange rate with the USD, introducing FX futures contracts.

IPC Systems Introduces Financial Markets Cloud for ETF Trading

Posted: 29 Jun 2016 09:52 AM PDT

IPC Systems' ETF cloud trading service helps cater to both buy- and sell-side participants.

BIS Releases Report on Cyber Guidance Amid Global Security Risks in Finance

Posted: 29 Jun 2016 09:39 AM PDT

Published by IOSCO and CPMI, the guidance supplements prior standards on cyber risks.

Israeli Regulators Feel Brexit Justified Paranoia

Posted: 29 Jun 2016 08:04 AM PDT

"This is the money time - in the next few weeks we will see if the Israeli trading industry survives."

7 Versions of Brexit: From Infinite Postponement to Complete EU Dissolution

Posted: 29 Jun 2016 08:04 AM PDT

Seven different visions of the future of the UK and Europe.

Mizuho Extends Regional Presence with Launch of Americas Holding Business

Posted: 29 Jun 2016 07:54 AM PDT

Mizuho is gearing up for the launch of its US bank holding entity, Mizuho Americas on July 1.

LAND-FX Becomes Sponsor of Queens Park Rangers

Posted: 29 Jun 2016 07:31 AM PDT

Unlike many other football sponsorships, the logo of LAND-FX will be widely displayed on the jerseys and shorts QPR F.C.

Overbond Eyes Digitizing Primary Bond Origination with New Platform Launch

Posted: 29 Jun 2016 07:13 AM PDT

Emerging fintech startup Overbond's platform looks to transform bond markets.

EURO STOXX 50, DAX Secures iShares Licensing, Extending to Hong Kong

Posted: 29 Jun 2016 07:09 AM PDT

The licensing looks to capture a growing market share of traders on the HKEx.

Winners of Finance Magnates’ Most Outstanding Fintech Product Announced!

Posted: 29 Jun 2016 07:00 AM PDT

The winner of the Finance Magnates most outstanding fintech product award has been announced at the TLV Conference.

Trader’s Timeout: Brexit Fury Lays Waste to Equities as Gold Trade Solidifies

Posted: 29 Jun 2016 06:20 AM PDT

Gold's rally after Brexit sets the stage for higher-highs as $1300 turns into support.

UPDATED: How Brexit Continues to Affect your Trading: Updated List

Posted: 29 Jun 2016 05:57 AM PDT

Since the unexpected result, brokers have continued to update their trading requirements.

SEC Names New Co-Chief Of Asset Management Unit

Posted: 29 Jun 2016 05:40 AM PDT

SEC named O'Riordan as a new co-chief in the Enforcement Division to ‎succeed Marshall Sprung, who left the agency in April.‎

24Option Extends Partnership With Juventus Football Club

Posted: 29 Jun 2016 04:24 AM PDT

24Option has announced that it will continue as the club's exclusive partner.

Goldman Sachs’ FICC Head Joseph Mauro Will Be Leaving: Business Insider

Posted: 29 Jun 2016 04:13 AM PDT

Another departure comes for Goldman Sachs as its FICC head is expected to leave.
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Tuesday, June 28, 2016

Trading Video: A Return to Risk Focus from SPX to Dollar to Pound

Trading Video: A Return to Risk Focus from SPX to Dollar to Pound

Trading Video: A Return to Risk Focus from SPX to Dollar to Pound

Posted: 28 Jun 2016 07:00 PM PDT

Markets are normalizing from the pyrotechnics last week. That doesn't mean, however, that we should revert to the same style of trading that was optimized to pre-Brexit conditions.

Strategy Video: Wading Back into Pound Trading Post-Brexit

Posted: 28 Jun 2016 05:41 PM PDT

Standing on the sidelines as the EU Referendum votes were counted was the risk-conscious trading approach last week.

DailyFX Technical Focus: Copper Takes out Pre-Brexit High

Posted: 28 Jun 2016 05:28 PM PDT

Price action in copper since the January low has carved a bullish wave pattern. The metal just took out the pre-Brexit highs, which is a positive.

NZD/USD Technical Analysis: A Top in Place Below 0.73?

Posted: 28 Jun 2016 03:42 PM PDT

The New Zealand Dollar appears to have established an interim top against its US namesake after prices put in a Bearish Engulfing candlestick pattern below the 0.73 figure.

AUD/USD Technical Analysis: Down Trend May Have Resumed

Posted: 28 Jun 2016 03:28 PM PDT

The Australian Dollar appears to haveresumed the down trend against its US counterpart after breaking counter trend line support set from late May.

EUR/USD Technical Analysis: Looking to Sell Above 1.11

Posted: 28 Jun 2016 02:44 PM PDT

The Euro broke below rising trend line support guiding the recovery against the US Dollar since December 2015, suggesting the longer-term down trend may be resuming.

USDOLLAR Testing 200 Day Average from Below

Posted: 28 Jun 2016 01:13 PM PDT

Crude Drop Viewed in Context of Bullish Channel

Posted: 28 Jun 2016 01:13 PM PDT

Gold 2011-2012 Line is Just above Brexit High

Posted: 28 Jun 2016 01:13 PM PDT

USD/CHF-200 Day Average and Trendline in Play for Resistance

Posted: 28 Jun 2016 01:13 PM PDT

USD/CAD Attempting to Break out of 8+ Week Triangle

Posted: 28 Jun 2016 01:13 PM PDT

USD/JPY is Holding Downtrend Support on a Daily Close Basis

Posted: 28 Jun 2016 01:13 PM PDT

NZD/USD Channel Blow Out and Reversal

Posted: 28 Jun 2016 01:13 PM PDT

AUD/USD is Still Constructive against .7280

Posted: 28 Jun 2016 01:13 PM PDT

GBP/USD Nears Long Term Channel Support

Posted: 28 Jun 2016 01:13 PM PDT

EUR/USD Former Channel Support May Provide Resistance Now

Posted: 28 Jun 2016 01:13 PM PDT

Trading Price Action - Macro Markets Post-Brexit

Posted: 28 Jun 2016 12:55 PM PDT

Markets have seen a considerable uptick in volatility after the Brexit referendum. In this webinar, we cast the view across global equity markets in consideration of recent moves in the Currency space.

China’s Market News: PBOC Unleased FX Committee for Daily Fixing

Posted: 28 Jun 2016 12:44 PM PDT

The PBOC continued to guide the Yuan stronger against the Pound. At the same time, the regulator released a new mechanism for setting daily reference rates.

USD/JPY Risks Larger Recovery as FX Sentiment Narrows from Extreme

Posted: 28 Jun 2016 09:15 AM PDT

USD/JPY may mount a larger rebound as risk appetite picks up, while retail FX sentiment narrows from fresh extremes.

USD/JPY Bounces From Brexit Lows

Posted: 28 Jun 2016 09:10 AM PDT

The USD/JPY has risen as much as 125 pips this morning, rebounding from “Brexit” lows.

GBP/USD and GBP/JPY Enter a Technical Pressure Zone

Posted: 28 Jun 2016 06:59 AM PDT

Forex technical analysis shows Sterling is near support zones against USD and JPY. Pick up clues from SSI, GSI and the equity markets to see if prices pivot or continue lower.

GBP/USD Driving Equities and Volatility, Likely to Persist

Posted: 28 Jun 2016 06:15 AM PDT

Don't expect Brexit headlines to leave the newswires any time soon.

Silver Prices: Chart Formation Suggests Lower Prices in the Short-run

Posted: 28 Jun 2016 03:54 AM PDT

S&P 500: Bounces Likely to Be Short-lived

Posted: 28 Jun 2016 02:53 AM PDT
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