We Knew It Was Coming, And We Don’t Care The ESMA followed through with its plans to ban binary options within the EU. The regulator, acting the interests of consumers, have issued a blanket ban on all brokers, trading and options with a limited time frame and all-or-nothing payout. According to the press release, the […]
Policy Tightening Is On The Way The March round of central bank meetings has come and gone. The results are largely as expected with the usual changes in nuance to drive analysts crazy. While most banks see economic growth accelerating and the need for tighter monetary policy their newly minted hawkish positions are tempered by […]
Last December the ESMA, the European Securities and Markets Authority, shocked traders with news they were planning a blanket ban of all retail binary options trading. If they follow through with this and other proposed rules it could change the face of binary, forex and CFD trading forever. Along with a ban of binary options […]
If You Missed The First Bounce… If you missed the first bounce cryptocurrencies made from their post-correction bottom they are doing it again. I don’t know any better way to say it that this, the major crytpocurrency pairs are offering text-book entries that buyers should not ignore. Sure, they may retest support and dip a […]
The EUR/USD Is Range Bound (And That’s Good News) It’s no secret that the EUR/USD is range bound. Anyone can look at a chart and see that it has been trading sideways between 1.2200 and 1.2550 since the middle of January. What most people don’t know is what’s causing this trend in the face of […]
South Korea Says No Ban For Bitcoin After retracing more than 50% of its value the rebound in Bitcoin and the broader cryptocurrency market has begun. The correction was caused, among other things, by fears South Korea would ban all Bitcoin trading. The ban was nearly enacted but widespread outcry prevented it from happening. Now, […]
Israel’s Supreme Court Upholds Binary Options Ban Israel’s proposed ban of binary options, an industry that once generated $1.75 billion annually, has come into full effect. The last-ditch effort by brokers and tech providers to block the ban was denied. The nation’s supreme court has upheld the legislation stating that criteria for imposing a block […]
A Bottom Has Been Reached In The Crypto Market Not to say how strong that bottom is, or where it may lead (you never know what kind of news will emerge) but a bottom has been reached in the cryptocurrency markets. It’s taken quite a few weeks for us to reach it, we’ve seen a […]
Dollar Sinking Ahead Of FOMC Meeting The dollar has been losing ground in recent weeks on improvements in global economies and weaker than expected data in the US. The combination has packed a one-two punch to the dollar that has the dollar index trading at multiyear lows. With the FOMC meeting just a few days […]
An important round of central bank meetings is at hand. Important because there is some expectation one or more bank will indicate policy tightening is near and with it a subtle shift in the balance of powers. Until recently the FOMC has been the only bank on a path of policy tightening. Now, expectations for […]