The Chinese yuan is strengthening against the US dollar midweek, despite disappointing economic data. The yuan has been gaining momentum against the greenback, primarily due to the rebounding economy and the buck languishing…
Posts published in August 2020
Australian Dollar Strongest amid Positive Market Sentiment
The Australian dollar rose against a basket of most-traded currencies, including the New Zealand dollar, which itself was very strong. The likely reason for the Aussie’s strong performance was the positive market sentiment…
NZ Dollar Rises After Employment Report Surprises Positively
The New Zealand dollar rallied today, though it has trimmed gains against some of its rivals by now. The catalyst for the rally was the release of surprisingly good domestic employment data. Statistics…
Bulls on AUD/NZD Determined to Conquer 1.0826
The Australian versus the New Zealand dollar currency pair is in a steady appreciation. Will this be enough to pass the important 1.0826 resistance level? Long-term perspective The rally that started at the 0.9991…
Former LCG CEO is launching a start-up that promises to smooth the online trading and banking experience with a software platform that allow clients to…
Exclusive: OKEx to Launch P2P Crypto Exchange in India
OKEx, a cryptocurrency spot and derivatives exchange based in Malta, is announcing the launch of a peer-to-peer trading platform in India. According to information shared…
Cboe Completes Acquisition of Virtu’s Dark Pool MatchNow
Cboe Global Markets said on Tuesday it has completed the takeover of Canada’s largest “dark pool” stock trading platform, , from Virtu Financial for an…
Coinbase, which anticipates to debut in , said it appointed and electronic trading veteran Greg Tusar to serve as vice president of institutional products. Tusar’s…
FX trading sustained strong volumes at Moscow Exchange () during July, as investors’ interest roared back from the depths of the Covid-19 volatility, according to…
CFTC Data Shows Flat Growth in Retail FX Deposits for June
Data from the US securities regulator for June shows that all registered retail FX platforms added less than $5 million in clients’ deposits. The less than…