Despite the fact that no official word was said in public, Saudi Arabian authorities are apparently already trying to take action against speculators who bet against its ability…
Posts published in January 2016
The SNB Crisis Prophet: “Pegs will be removed, Beware Brexit”
The market always gives way too much credit to central bankers. In the case of the Swiss central bank, as is the case with many other central…
Last week it was reported that Barry Silbert’s Bitcoin venture investment firm . Now we bring you a short Q&A with Ryan Selkis, Director of Growth at DCG and Team…
SGX Reports Q2 Financials With Uneven Profits and Revenues
The Singapore Exchange (SGX) has reported its Q2 FY2016 operating metrics, which were characterized by a slightly waning profit relative to last year, according to…
Yuan Lower vs. Dollar as Fears Return to Forex Market
The Chinese yuan fell against the US dollar today as China’s stock markets resumed their decline, reigniting fears about economic slowdown in the world’s second biggest economy that can hurt…
Pound Mixed After UK Employment Data
The Great Britain pound was flat versus the US dollar and the euro while falling versus the Japanese yen today following the release of mixed employment data from the United Kingdom. The number of claims…
Indian Police Crack Down on XDirect in Mumbai for Illicit Trading
Indian police in Vadodara have clamped down on an illicit foreign exchange (FX) operation, arresting two employees of a Mumbai-based company after they failed to…
Bank of Montreal (BMO) Launches SmartFolio and Enters Robo-Advisory
After testing the service last month, the Bank of Montreal (BMO) has launched as they enter the robo-advisory industry in Canada. The SmartFolio solution is…
The online and P2P lending sector in China ended 2015 on a high with massive growth taking place in the industry. Despite falling equity prices…
Saxo Bank Teams Up With BlackRock to Offer European ETF Portfolios
Saxo Bank has launched a digitized investment solution geared for retail investors that is comprised of iShares exchange-traded-funds (ETFs) via BlackRock, named SaxoSelect, according to…