Price of bitcoin falls below cost to mine
December 17th, 2018
To add further misery to bitcoin enthusiasts, the act of finding or “mining” the cryptocurrency has become unprofitable as the price continues to crater. This raises further questions about the viability of the accounting system supporting the cryptocurrency. The ...
Elliott wave Analysis: Triangle on USDMXN Points Higher, while AUDUSD Turned into a Temporary Correction
December 14th, 2018
USDMXN is trapped in a consolidation for the last 4 weeks that looks like a triangle in fourth wave. It’s an A-B-C-D-E path with sub-wave E around the corner, so ideally real break higher will be seen next ...
Alert! Beware of companies offering financial services without the required license
December 14th, 2018
The supervisory authorities of the United Kingdom (Financial Conduct Authority – FCA), Switzerland (Swiss Financial Market Supervisory Authority – FINMA), China (Financial Supervisory Commission Chinese Taipei – FSC), Holland (Netherlands Authority for the Financial Markets – AFM), Sweden (Finansinspektionen), ...
Dollar gains as focus shifts to Fed, euro and sterling under pressure
December 14th, 2018
The dollar firmed against most major counterparts on Friday, as investor focus shifted to an expected U.S. interest rate hike next week, although gains are likely to be capped on greater uncertainty about next year’s policy outlook. The greenback ...
iSignthis announces first EU merchant live on unified neobanking & payments platform
December 13th, 2018
Highlights First Merchant now live and processed via ISXPay’s own Principal member Tier 1 connections Settlement of Merchant Funds to ISXPay issued IBAN based account Funds held with zero credit risk under EU’s “Eurosystem” Central Banking system First ASX ...
Three Broker-Dealers to pay more than $6 Million in penalties
December 13th, 2018
The Securities and Exchange Commission (SEC) announced that three broker-dealers have agreed to pay more than $6 million to settle charges for providing the SEC with incomplete and inaccurate securities trading information in required SEC productions known as “blue ...
The world’s biggest hedge fund is getting whacked, and why “Moneyness” matters
December 12th, 2018
A few years ago the Swiss National Bank (SNB) – which traditionally held “monetary assets” like government bonds, cash and gold to back up the Swiss franc — decided to branch out into common stocks. This was a ...
Senior Compliance Officer
December 12th, 2018
Senior Compliance Officer Reference Number: SCO1118 The position: We are looking for a passionate and self-motivated professional to join our Compliance Department! The main responsibilities of the position include: Drafting, updating and conducting reviews of the Company policies, procedures ...
Some forecasters remain positive on oil prices and demand going into 2019
December 12th, 2018
Despite dramatic slides in the oil market, some forecasters remain positive on prices and demand going into 2019. A year ahead outlook report from Bank of America Merrill Lynch expects Brent crude to regain its recent losses in 2019 ...
Natural gas and EURGBP Update – Elliott wave Analysis
December 10th, 2018
Natural gas was trading sideways since mid November till December, unfolding an overlapping pattern, which is in Elliott wave terminology known as a triangle correction. A triangle has five legs, and each of them has three more minor ...
