Retailers across the globe are shutting down stores to limit the spread of Covid-19. On 11 March the World Health Organization declared the coronavirus outbreak a pandemic and two days later US President Donald Trump declared national emergency. The past week a lot of contradictory events played out. As the seriousness of the spread was…
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The impact of the corona virus pandemic has hit the media giant, Disney. Its stock has come under pressure as theme parks close and high-profile movies have been delayed to release. Rosenblatt Securities financial analyst Bernie McTernan has stated that this opens an opportunity for Apple to buy Disney. The idea of Apple and Disney…
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Crypto market analyst with more than 63,000 followers was accused for photoshopping screenshots to create the impression of more successful trade than reality. Twitter user with the alias “King” posted screenshots on 14 March that allegedly expose that crypto analyst Jacob Canfield has manipulated images of his trade performance to mislead his followers. In response…
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The Australian Securities and Investment Commission (ASIC), has taken measures to ensure the resiliency of the Australian equity market as part of the Government’s response to Covid-19 outbreak. During the last two weeks, the Australian equity market has seen record trading volumes. ASIC and other Council of Financial Regulators agencies, have kept a close eye…
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With a core focus of 8topuz’s international and regional strategy beginning to establish a strong presence and service clients in the MENA region, a recent key strategic partnership with SEED Group, the Private Office of Sheikh Saeed Bin Ahmed Al Maktoum in Dubai has given 8topuz access to key technology collaborations, regional knowledge and deep…
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The Monetary Authority of Singapore (MAS) said last Friday that that the Singapore Dollar money market and foreign exchange market are working as usual through the heightened volatility in global and domestic financial markets. Financial markets around the world are under pressure because of the widespread Covid-19 outbreak. MAS money market operations have maintained high…
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France’s Financial Markets Authority (AMF), proposed a regulatory sandbox to study the impact of security tokens in the European Union. On 6 March the AMF proposed a European “Digital Lab” regulatory sandbox that would allow local regulators to set security settlements requirements aside with the hope that this will help develop a security token market…
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The European Securities and Markets Authority (ESMA), in coordination with the National Competent Authorities (NCAs) is closely monitoring the impact of Covid-19 outbreak on financial markets in the European Union. Following a discussion of the Board of Supervisors examining the marketing situations and observing contingency measures taken by supervised entities, ESMA is making the following…
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Looking back at the most intriguing and popular Forex industry news from the past week at LeapRate. This Wednesday, the Bank of England cut interest rates by 50 basis points to 0.25% in a near unprecedented step, taking them back to a record low level not seen since the financial crisis. Reacting to the expected fallout…
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UK watchdog FCA has put out the details of several unregulated companies and clone firms this week. The names of the latest additions to the regulator’s warning list are the companies TrustFX, Fortune Trade FX, Strategic Investment Funds, Merrion Capital Investment Managers, FTEFX, Macrod FX, Top Trade Pro, FteFXPro / FTE FX, GCG 24 / Global Consulting Group, Swiss Life Asset Group, FX…
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