OIL Despite the world’s oil producers agreeing to a massive cut of 9.7 million barrels per day, the oil price was unable to hold onto its initial gains as investors are still expecting there to be a global oversupply for the next few months. After a positive gap when markets opened, WTI has fallen again…
Read more
The Winklevoss brothers, who have been stymied by the SEC on several occasions in the U.S. market with their various BTC ETF applications, will also act as the custodian for the new fund. Tyler Winklevoss expressed his words of support to Coinfomania: The Bitcoin Fund just launched on the Toronto Stock Exchange. This is the…
Read more
CySEC also announced earlier today that it has decided to withdraw the Cyprus Investment Firm authorisation with Number 110/10 of AMG Kapital Limited, again due to the firm’s decision to renounce it. Read More: UGL Exchange Ltd’s CIF licence suspended CySEC suspends CIF licence of M.G.T.M. Financial Services Ltd CySEC suspends CIF licence of Prior Capital…
Read more
GOLD Gold is shining with the spot price closing in on its 7-year-high at $1,700. Bullion rallied after the announcement of the Federal Reserve’s new coronavirus stimulus. Another $2.3 trillion of lending will be in the system to soften the impact of the pandemic emergency. As mentioned in previous comments, markets are understanding and pricing…
Read more
Copies of South Korean correspondence were also shared with Ukrainian Police officials, when they investigated the owner’s complaint in April of 2019. According to reports from the Bitcoinist: The company explained the incident and was told that no further assistance was needed, suggesting that the agency was satisfied with the explanation.” The owner of the…
Read more
China 2020 Earlier this year, the same happened. When the coronavirus cases started to pick up in China, the Shanghai composite started to decline. The cases picked up quickly. However, the Chinese government acted fast, and on February 4, the Shanghai composite bottomed out, and about one day later, we saw the peak in the…
Read more
CLS’s Head of Information Services, Masami Johnstone, commented: "The impact of COVID-19 on the global economy significantly increased in March 2020, with the World Health Organisation taking the expected step of declaring a pandemic on Wednesday 11 March. The multiple nationwide lockdowns had a significant impact on investor sentiment which led to sharp stock market…
Read more
OIL After yesterday’s oil price rally, investors are in a wait and see mode as the OPEC+’s key virtual meeting approaches. It will be crucial for the group to reach a quick agreement to mitigate against the worst-case scenario of an enduring global glut, which was the result of the failure of the previous OPEC…
Read more
Wong has sales experience in working in the capital markets industry and skills in Trading Systems, Derivatives, Commodity Markets, Foreign Exchange (FX) Options, and Currency which he is going to bring to his new role at BidFX. We reached out Wong for comment on his new role, here's what he said: Personally, I am very excited to join…
Read more
What to watch US jobless claims: Another week of initial jobless claims data will be released on Thursday, after 10 million new people filed for unemployment in the US over the past two weeks. The consensus expectation, which last time was way below the mark, is for a figure of six million this week. Currently,…
Read more