The Great Britain pound versus the US dollar currency pair may fall in bearish hands. But will the bulls allow this? Long-term perspective After the low of 1.2075 validated the firm support…
Posts published in November 2020
Pros and Cons of Being a Broker
Starting a brokerage firm is widely believed to be expensive and time-consuming. Because of this common misconception, people often choose to become an IB (Introducing…
FCA Slaps £3.44 Million Fine on TFS-ICAP
The Financial Conduct Authority (FCA) today that it has fined an FX options broker, TFS-ICAP £3.44 million for market misconduct. The broker communicated false information…
CFI Financial Incorporates New CFDs on Stocks and ETFs
CFI Financial Group, a multi-regulated FX and CFDs brokerage firm, has brought the total number of products available to over 1500 instruments, having expanded its service…
Maria Iacob Joins TTCM Traders Trust as Chief Growth Officer
TTCM Traders Trust (TTCM) announced that it has onboarded Maria Iacob as its Chief Growth Officer and will be located in Cyprus, effective immediately. Announced…
Bitstamp Taps Sovos Reporting Solution Ahead of Tax Season in the US
Bitstamp, one of the largest crypto platforms in Europe, has partnered with Sovos, a startup that focuses on cryptocurrency accounting and auditing, in order to modernize…
Refinitiv FX Volumes Drop in October as Lackluster Activity Weighs
Foreign exchange trading volumes across Refinitiv Matching and FXall platforms dropped in October 2020 by more than three percent from the previous month, the company…
Pound Rallies to 12-Week Highs on AstraZeneca Vaccine, UK PMIs
The sterling pound today surged to 12-week highs against the dollar boosted by news of AstraZeneca’s COVID-19 vaccine given that its a British/Swedish company. The GBP/USD currency pair later trimmed its gains…
Euro Rallies on Coronavirus Vaccine News, Later Falls on Upbeat US PMI
The euro today rallied higher against the US dollar in the first half of today’s session boosted by investor optimism about a potential coronavirus vaccine.…
The US dollar is extending its weakness to start the trading week, driven mostly by optimism in the broader financial market amid the latest coronavirus vaccine from Oxford-AstraZeneca. This comes soon after…