Photo: Finance Magnates
Earlier this week, the United States Conference of State Bank Supervisors (CSBS) announced that a new, standardized regime for money service businesses (MSBs) will be introduced across 48 states.
At the moment, compliance procedures for MSBs are different from state to stat
GBP/CAD has some room to run to the upside before meeting resistance.
Bears waiting to pounce on opportunities to familiar support.
The price of GBP/CAD has been caught in a long term consolidation between support and resistance n the monthly charts for many months.
However, this still offers oppo
Crude oil surged after the Energy Information Administration reported a bullish to consensus crude oil inventory draw of 4.4 million barrels for the week to September 11. The Feds "lower- for-longer interest rate narrative" also lent a modicum of support to the medium to longer-term demand profile.
According to Reuters, the average one-month put-call ratio on the iShares 20+ Year Treasury Bond ETF has risen to its highest level since the beginning of the year.
It is reflective of growing confidence among traders that the nascent US economic recovery and rising hopes for coronavirus vaccine wo
Lithuania's producer prices continued to decline in August, figures from Statistics Lithuania showed on Wednesday.
The producer price index decreased 8.7 percent year-on-year in August, following a 9.8 percent decrease in July.
Excluding refined petroleum products, producer prices fell 2.8 percent a
The European Commission said on Thursday that if the UK's Internal Markets Bill were to be adopted, it would constitute an extremely serious violation of the Withdrawal Agreement and of international law, per Reuters.
The GBP/USD pair extended its slide and was last seen losing 0.7% on a daily basis
Gold prices rose to their highest level in nearly a week on Wednesday, as the dollar weakened and concerns over a delay in the development of a coronavirus vaccine drove investors toward the safe-haven metal.
Spot gold rose 0.7% to $1,945.20 per ounce, shaking off initial declines. U.S. gold futures
The ECB and big banks in Europe continue to clash over Brexit
The central bank had been constantly asking big banks to prepare for Brexit and are said to send a stern warning once again over the summer. Speaking to the Financial Times, the ECB said that:
"Some banks have substantially reached thei
BlackBull Markets has added a senior member to its sales team, with the foreign exchange (forex) broker securing Anthony Murphy as its Head of Sales for New Zealand, the company announced this Tuesday.
The appointment of Murphy follows on the heels of BlackBull Markets securing a
Daily Pivots: (S1) 0.7238; (P) 0.7269; (R1) 0.7315;
AUD/USD is staying in consolidation from 0.7413 and intraday bias remains neutral first. As long as 0.7135 support holds, further rally is expected. On the upside, break of 0.7413 will target 0.7635 long term fibonacci level next. However, on the d
Fed's Daly: Does not see a pressing need to give further forward guidance on rate path.
New framework goes a long way to signal accommodative policy until inflation averages 2% and shortfalls on employment are offset.
Right now long rates are aligned with fed policy expectations; wou
Having launched back in 2010, Spotware has made an announcement this Thursday in celebration of a decade worth of operations. In light of this milestone, Finance Magnates has sat down with Alexander Geralis, Sales Manager at Spotware.
Spotware is a provider of online trading platforms an
The European Union (EU) Competition Watchdog said in a statement on Friday, Airbus, France and Spain agreed to modify subsidy scheme, which will put them in full compliance with the World Trade Organization (WTO) rulings.
Statement from the European Commission
The move "removes any grounds for the U
USD/CAD looks to extend the recent recovery rally beyond 1.36.
Bull pennant breakout on hourly sticks, with bullish RSI.
Canadian jobs, US PPI and coronavirus status to hog the limelight.
USD/CAD is back under the 1.3600 level following an uptick seen in early trades, as the risk-off sentiment r