Month: November 2015

3 Update on Italy’s Consob warning list

Consob, an Italian financial markets regulator, has published earlier today yet another set of warnings to investment businesses targeting Italian residents without being authorized. The latest additions to the warning list include: Sep Global Ltd,Worldwide Safe Investment Limited, Yamix Marketing Ltd, Binaytion, Worldwide Security Investment Limited, Marshall Advanced Innovation Ltd, Mtn Global Ltd, Marshall Software Ltd,and Mtn Worldwide Services Limited. The list includes several unauthorized Forex brokers and binary options. Consob issued a warning to the following companies: Worldwide Safe Investment Ltd, Binaytion, as well as Worldwide Security Investment Ltd were warned because they don’t have the authorization in...

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Geopolitical Fears Weigh Down Asian Equity Markets

Turkey’s shooting down of a Russian fighter jet ignited fresh geopolitical fears weighed most Asian equities lower, while some energy plays and oil prices experienced gains. After an initial slump during Asian trading hours, Brent and Nymex that had rallied as much as 3 percent overnight on news of the downed Russian warplane in Syria would later rise by 0.4 percent and 0.5 percent respectively. A lot of focus has been on Asian travel-related stocks since the downing of the plane, one in a series of recent events that paint an escalation of the Middle East conflict as Russia...

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Russia-Turkey Fears Fade As Asian Stocks Rise On European Stimulus Outlook

With fears surrounding tensions between Russia and Turkey fading, Asian stocks rose higher on Thursday owing to expectations of an additional stimulus from the European Central Bank. The Euro however dipped down towards seven-month lows with bond yields falling even as European shares rallied as talk about the aggressive stimulus from the ECB next week gained traction. The firm gains were experienced as shares on Wall Street closed flat overnight in a holiday lull. According to a Reuters report on Wednesday, central bank officials within the Euro zone have been considering options such as staggered charges on the banks...

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GMO Click Reports loss of Money on Binary Options Performance

During October 2015, GMO Click’s data showed that 74.13% of their binary options accounts had lost money. Japanese giant in stock broking GMO Click Securities had reported that its binary options metrics for October 2015 showed that a growing number of traders are reporting money losses, significantly more than in September, judging from the GMO Click released statement. GMO Click revealed that their transaction proportion of occurrence was at a loss for October 2015; they had aggregated the number of affected accounts whose total income for the month had inflected into the negative territory. For the month of October...

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Controversy over closing the stock market on Veteran’s Day

The latest controversy over the possibility of closing the stock market on Veteran’s Day has sparked many discussions. Veteran’s Day is a holiday dedicated to people who had served the U.S. military. The Veteran’s Day holiday began with the purpose to commemorate the end of World War I, which was declared in 1919 by President Woodrow Wilson. The day of the holiday, Nov. 11, was chosen as the official date of Veteran’s Day in reference to the ending of World War I when Germany signed a document of armistice with the pact of Allies that had signaled the ending of the war. Formerly referred to as “Armistice Day,” the holiday’s name was changed to Veteran’s Day in 1954 by U.S. Congress. With the name changed to Veteran’s Day, the holiday also recognized veterans of the Korean War and World War II. In current times, all active and inactive U.S. military personnel are honored as Veteran’s Day is celebrated. However, this year a controversy was raised over whether or not the stock market will be open on Veteran’s Day. A rumor spread that the stock market will be closed due to the employees’ right to a ‘day off’. This sparked some disturbance in the general public. However, the stock market wasn’t closed since it is not federally run. The false rumor that the stock market will close on Veteran’s Day...

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Asian Shares Boosted By Strong Dollar But Commodities Hit

Asian stocks gained a major boost on Monday following growing confidence that the US Federal Reserve will be raising interest rates next month.The boost helped the Dollar to cement gains made but also piled pressure on the prices of commodities in turn hurting energy and mining companies.Wall Street shook off the horror of terrorist attacks in Mali and Paris to cap its best week all year last Friday, driven by expectations that the Federal Reserve has enough confidence with the world’s top economy as to raise borrowing rates in December. The looming prospects of raising interest rates in the...

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U.S. Gasoline Rallies As Oil Maintains Two-Week Highs Amid Mideast Tensions

A U.S. rally on gasoline stopped testing of crude futures at low $40 levels on Tuesday as oil prices hit two-week highs, increasing by more than 2 percent. Oil prices rose as a weaker dollar provided the major incentive for investors to buy more oil. This comes after a spike that is being witnessed in Middle East tensions following Turkey’s downing of a Russian warplane. Turkey shooting down of a fighter jet belonging to the Russian authorities drew an angry response from Moscow, prompting an emergency NATO meeting Tuesday. Vladimir Putin, Russia’s President, termed Turkey’s downing of its jet...

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Bank Of Japan Maintains Steady Policy As US Dollar Falls Against Yen

The Bank of Japan maintained a steady monetary policy in expectations of emerging from an economic recession even as a tight job market pushed up wages and underpinned consumption. The bank’s decision to stand with a steady policy reigned in dollar-long position, with the U.S currency dropping against the Japanese Yen during Asia trading on Thursday. This was hugely disappointing to some speculators that were betting on the central bank expanding its already huge stimulus. According to the BOJ [Bank of Japan], “The economy of Japan continues to recover moderately even as production and exports get affected by a...

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Oil Market Steadies Ahead Of US Stockpile Data

Following reports that crude stockpiles in the U.S are falling, oil prices continued to steady up during early trading on Wednesday. Market analysts, however, remained a tad cautious ahead of the release of official data later in the day, afraid prices might remain restrained well in to 2016. Whereas U.S. crude oil was trading at $41.02 on Wednesday, benchmark Brent crude for the January delivery was trading at 40 cents higher to stand at $43.97. Data released late on Tuesday by leading industry group, the API [American Petroleum Institute], had surprised the markets thereby buttressing oil prices. The released...

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Gold Rebounds To Safe Haven After Paris Attack

As investors scurried into safe haven assets on Monday after the weekend terror attack in Paris which 132 dead and scores injured, precious metals and oil were rebounding, fetching higher market prices. Gold prices rose on Monday from the six-year low witnessed last week’s as the Paris attacks drove a bout of global risk aversion and a risk-off sentiment that saw US stock futures tumbling lower. As markets digested how the tragedy impacted on the economy as well as tourism-related stocks saw a sharp fall, equity indices receded. In contrast, gold, traditionally seen as a sanctuary of investors in...

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Stock Market 2015-2016: Best Investment Opportunities

A lot of investment managers have their eyes set on 2015-2016 vying for the best opportunities to invest as there is a tremendous potential in the stock market. It is hard to find investment opportunities after witnessing six years of potential rise in the opportunities to invest. It isn’t tough to make use of the potential that lies in the 2015-2016 stock markets which can make you a lot of money. All you need to have is a brokerage account with money credited in it. You also need to have a discount broker to manage your transactions. You trading...

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Investors Count On Fed Rate Rise As Gold Eyes Fourth Weekly Loss

A slew of Federal Reserve officials rallied behind a December interest rate rise on Thursday as gold fell back towards near six-year lows on Friday, staying on track for a fourth straight weekly loss. One central banker said the risk of waiting too long was now almost in balance with the risk of moving too soon in order to normalize interest rates after seven years of near zero. Spot gold changed little, going down 0.1 percent to USD 1,083.21 per ounce. Its lowest was on Thursday at USD 1,074.26, which is the lowest it been since February 2010. Meanwhile,...

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Markets Face Rocky Day As France Set To Open After Paris Attacks

Financial markets are set for a turbulent opening come Monday following terrorist attacks in Paris on Friday night that left 129 dead and scores injured. The French stock exchange maintains it will be open for trading as usual on Monday according to a statement from stock and derivatives exchange, Euronext.”Our main priority will be the safety of our staff so there will therefore be added security in place in the city of Paris on Monday,” said a Euronext spokesman. Investors may be forced to seek the more traditional safe-havens of investing in, such as the Japanese yen, the US...

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Fed Rate Hikes Fears As Stocks Slide On Weak Eurozone Growth Figures

As the Fed gears up to increase interest rates in December, the European stock market fell this Friday. The market slide extended the previous session’s as investors reacted to weak Eurozone data plus lingering concerns over China.The weaker economic figures have added downward pressure with traders worried over a slump in the commodities markets. Third-quarter figures that are set to be released on November 13, 2015 show how consumers are far behind the 0.3% growth figure that had been anticipated for the 19-country economic zone. Asian stocks also slid following sharp losses on Wall Street as the slump in...

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ECB president: quantitative easing has borne fruits

The much maligned quantitative easing program set forth by the European Central Bank (ECB) on March 9, 2015 has been declared to be “undoubtedly effective”. This vote of approval was delivered no less than the current ECB chief Mario Draghi. Contrary to the skepticism than prevailed when it was announced earlier this year, Mr. Draghi extolled the program’s success whose positive effects continue to be felt today. When it was launched, it was intended to facilitate the ECB to create electronic money which would be used to buy Eurozone government securities in a bid to boost business and consumer...

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CySEC Warns Traders Against trading With Bullet Investment Forex Brokers

The Cyprus Securities and Exchange Commission (CySEC) has warned traders against trading with one of the newer binary options brokers. Bullet Investment was called out for what the regulator referred to as non-compliance with laid down procedures for regulation and operation. CySEC is the main regulator for many binary options trading platforms which include brokers, automated platforms and other binary options major players. Bullet Investment which is a fairly new entrant in the crowded binary options markets and there is not much in the public domain about the broker. This will be a welcome move by many legit brokers...

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DFI issues warning to marijuana money, e-money and binary options investors

Marijuana, digital currency and binary options may appear to have no real connection to each other at first glance. The common thread among the three is that they have recently emerged as investment opportunities that both buyers and sellers are hoping will become the next big thing. But before you consider making an investment, ensure that you understand these products and the attendant financial risks involved. Marijuana This comes about with the Washington state Department of Financial Institutions firing off a warning to potential investors in which they are advised to be wary of investing in marijuana, digital currency...

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Ex Rabobank staffers face stiff sentences in New York courts

A jury in the District Court in New York has convicted two former staffers of Rabobank LIBOR traders for conspiracy to unlawfully rig interest rates to the disadvantage of other traders. The two could face up to 30 years in jail. Anthony Conti and Anthony Allen were charged by the U.S Department of justice after they were named as co-conspirators after the London Inter-Bank Offered Rate (LIBOR) scandal imploded in 2013. The guilty verdict dealt a blow to the two who put up a spirited fight for their freedom. The 30 years in prison the accused are facing is...

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