ASIC bans NSW financial adviser for three years LeapRate

August 15, 2019 BY Valentina Kirilova

ASIC bans NSW financial adviser for three years

ASIC announced that it has banned a Sydney-based financial adviser, Tarandeep Aujla, because he failed to act in his clients’ best interests. Aujla was an authorised representative of Australian financial services (AFS) licensees Infocus Securities Australia and Chaucer Group. ASIC has found that Aujla did not obtain adequate information from clients about their personal circumstances…

August 14, 2019 BY Valentina Kirilova

Chinese officials rush to announce Central Bank Digital Currency for Yuan

It has been no secret that the development arm of the Peoples Bank of China (PBoC) has been working diligently in the background over the past five years over some form of digital currency that would be nationalized and controlled by the central bank. The status of the project has always been in question, but,…

August 14, 2019 BY Valentina Kirilova

Daily market commentary: The Yen is currently the most remarkable story in the FX space

ActivTrades’ Market Analysts have prepared for LeapRate their daily commentary on traditional markets for August 14, 2019. See details below: FOREX The Yen is currently the most remarkable story in the FX space, as we go through the usual mid-August low liquidity patch. The Japanese currency continues to appreciate against the other majors, noticeably the…

August 14, 2019 BY Valentina Kirilova

Bitcoin’s safe haven capital inflows may be reversing due to tariffs delays

The Dow Jones and S&P 500 stock indexes are up, and, coincidentally, Bitcoin is down over the past five days after assaulting $12,000 on several occasions. BTC has succumbed to selling pressure, presumably to fund the rise in equities across the financial street. It had held $11,400 for a space of time, but it now…

August 09, 2019 BY Valentina Kirilova

Thai central bank cuts key rate in response to trade wars and slow growth

In a surprise move, the Bank of Thailand announced that its Monetary Policy Committee had voted five to two to reduce its benchmark interest rate immediately by 25 basis points, reducing its 1.75% rate back down to 1.50%. It was the first change in rates since 2015. The Thai Baht had been the strongest performing…

August 09, 2019 BY Valentina Kirilova

ACY Securities appoints Russell Sandiford as Chief Market Analyst

ASIC Regulated Australia-based multi-asset trading provider, ACY Securities, just announced that they have appointed Russell Sandiford as their new Chief Market Analyst. Sandiford has over 16 years’ experience in the global FX, indices and commodities markets and has a strong track record in providing targeted, timely and accurate analysis of these markets. Having previously worked for…

August 08, 2019 BY Valentina Kirilova

Daily Market News: China to steady its currency?

Mati Greenspan, Senior Market Analyst at FX broker eToro, has provided his daily commentary on traditional and crypto markets for August 8, 2019. The text below is an excerpt and does not contain the full analysis. Today's Highlights Markets Bounce Back: Today’s price action slightly resembles the rally that we’ve experienced earlier this year, when…

August 08, 2019 BY Valentina Kirilova

RoboMarkets Asia Ltd receives Malaysian license, opens a regional headquarters in Labuan

RoboMarkets (RoboForex group) has just announced that it has received a license that allows providing services on Forex and CFD markets from Malaysia. RoboMarkets Asia Ltd has received the Malaysian license (license No. MB/19/0034) from the Labuan FSA and opened a regional headquarters in Labuan. The company has also opened a marketing office located in…

August 07, 2019 BY Valentina Kirilova

Chinese officials are resurrecting digital action plans after Libra backlash

If Chinese officials are acutely aware of one thing, it most certainly is their country’s constantly evolving position in the world politic and what might pose a competitive threat to that position at a later date. It is therefore not that difficult to understand that, after Facebook and its Libra Coin received a tongue lashing…

August 06, 2019 BY Valentina Kirilova

CLS welcomes China CITIC Bank to CLSSettlement as a third-party client

CLS has just announced that it has included China CITIC Bank International Limited (CNCBI) to its CLSSettlement as a third-party client. CLS noted that CNCBI is the first Chinese bank to have access to CLSSettlement. Industry initiatives such as the introduction of the FX Global Code have further increased awareness of the need to adopt…

Tag: APAC