ECB’s Draghi – ‘Serious Slump’ Not Expected Despite Weaker Growth
President of the European Central Bank Mario Draghi said Wednesday that the bank’s monetary policy position is still adaptable to the euro area’s weaker growth outlook and that its external demand weakness is doubtful to be painful. While giving a
Read MoreAMF Looks To Ban Binary Options & Restrict CFDs
The European Securities and Markets Authority (ESMA) has been very strict about binary options for months now. It recently extended its measures against binary options and contracts for difference (CFDs) and has plans on making things even more stringent going
Read MoreGerman Business Confidence Improves For First Time In 7 Months
According to the latest report, business confidence in Germany improved considerably in March, after remaining weak during the past six months, as businesses were more positive about the future and strength of the economy. The ifo business confidence index increased
Read MoreFed Police & ASIC Raid ForexCT After Customer Complaints
The global forex trading market is thriving as investors look to capitalize and make quick profits. Forex trading has a lot of positives and some negatives. Unfortunately, this attracts conmen and grifters which can put the entire forex trading industry
Read MoreUS Dollar Declines As Fed is Likely To Maintain Dovish Stance
At the European trading session on Wednesday, the US dollar declined against its biggest counterparts, cutting off its territorial gains as investors and speculators are waiting for the Fed’s comment that is expected to clarify future plans for interest rate
Read MoreSEC Wants Feedback Over Crypto Assets And Their Custody
The US Securities and Exchange Commission (SEC) is taking another step towards cryptocurrency acceptance as it is now actively asking for feedback from industry participants on the current custody rules. This request for feedback started earlier this month in an
Read MoreUS Dollar Weakens Ahead Of Fed Meeting
In the European session, the US dollar declined against its key rivals, ahead of this week’s policy meeting of the Federal Reserve, with a few investors anticipating lawmakers to reduce their benchmark interest rate projections for this year. On Wednesday,
Read MoreCBOE Decides Against Renewal Of BTC Futures Contract
It is bad news for investors who want to play around bitcoin futures. The Chicago Board Options Exchange (CBOE) has made a formal announcement that it will not be renewing its Bitcoin (BTC) futures contract. This is a devastating blow
Read MorePound Rallies Amid Increase In Risk Appetite
As Brexit-related concerns abated and speculators stayed confident for a US-China trade deal, the pound jumped against its key rivals in the European session on Friday in the midst of risk appetite. UK legislators okayed a motion to pause the
Read MoreFCA Looking At Exit Fees Imposed By Investment Firms
Investors in the United Kingdom (UK) will be happy to know that the financial watchdog in the country – the Financial Conduct Authority (FCA) is looking to set a cap or ban exit fees imposed by investment firms. Investment firms
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