Swiss Financial Market Supervisory Authority (FINMA) announced on Wednesday that it has officially initiated enforcement proceedings against Credit Suisse over allegation of spying on its…
Posts published in September 2020
Plus500 Continues Share Buyback, Repurchases 34,000 Own Shares
Plus500 has started off the new month by continuing to repurchase its own shares on a daily basis, with repurchasing more than 30,000 of its…
2020 has been a dramatic and powerful year for the cryptocurrency space as a whole: Bitcoin’s crashes and surges, waves of new users, and changes…
HSBC Launches New FX NDF Algo Suite with Asian Currencies
HSBC’s FX Alternative Execution Services has extended its (NDF) algorithm suite by launching a new offering called NDFlex. The suit will add pairs of five…
Crackdown? South Korean Police Seize Bithumb
The Seoul Metropolitan Police Agency has reportedly raided and seized Bithumb, South Korea’s largest cryptocurrency exchange, over some allegations of fraud. Reported by the local…
US Dollar Strong Despite Huge Miss of ADP Employment
The US dollar was very strong today despite disappointing employment data. Market analysts suggested various possible reasons for such behavior. Some speculated that the greenback continued to get support…
South Korean Won Mixed As Inflation, Manufacturing PMI Drive Currency
The South Korean won is mixed in the middle of the trading week as inflation and manufacturing data drive one of the worst-performing Asian currencies this year. Although the won has recovered against the greenback since…
New Zealand Dollar Strongest Despite Outlook for Monetary Easing
The New Zealand dollar was the strongest among the most-traded currencies on the Forex market today despite the outlook for additional monetary easing from New Zealand’s central bank. Domestic macroeconomic data was…
Aussie Soft After Economy Enters First Recession in Almost 30 Years
The Australian dollar was soft today after data confirmed that Australia’s economy has entered a recession. The losses were limited, though, and the Aussie managed to remain flat against a range of peers.…
AUD/NZD Ready for 1.0903?
The Australian versus the New Zealand dollar currency pair seems to have been very reluctant in crafting any significant lows. Is this a sign that the bears are not that determined?…