OANDA to Exit Malta in March, to Run European Business from Poland
OANDA, a longtime player in the multi-asset retail trading industry, has announced its plans to finally shut down its operations in Malta on March 17, 2023, and run its European business “under one regulated entity” from Poland. The broker announced on Monday that it will transfer its business to its Polish subsidiary, OANDA TMS Brokers, […]
Another 50 bps rate raise due in March – UOB
Share: Economist at UOB Group Lee Sue Ann assesses the latest ECB event on February 2. Key Takeaways “The European Central Bank (ECB), at its first meeting of the year, lifted interest rates by 50bps. It also gave more details on how it intends to shrink its EUR5tn bond portfolio, reaffirming a monthly […]
Morgan Stanley expect the Federal Reserve to pause at the March meeting – ‘disinflation’
At his press conference following the Federal Open Market Committee (FOMC) statement on Wednesday Federal Reserve System Chair Powell mentioned the “disinflation” word 13 times. After the December FOMC meeting, at his presser, Powell said that word, let me count, zero times. For those divining nuance from the words of a Fed Chair this is […]
Fed set to deliver quarter-point rate hike along with ‘one last hawkish sting in the tail’
The Federal Reserve will downshift to a 25 basis point rise in its policy interest rate at their upcoming interest-rate meeting and will work overtime to make sure that the market doesn’t get the idea that rate increases are finished, economists said. “Despite the good news on inflation and being one step closer to done, […]
MUFG – bullish EUR, expecting +50bp ECB February rate hike, and most likely in March too
I posted earlier from MUFG: More from analysts at the bank, European Central Bank preview: We expect the ECB to deliver another 50bps hike at next week’s policy meeting and continue to signal that at least one more larger 50bps hike is likely at the March policy meeting. We only expect a slowdown in the […]
Set to raise rates by 0.5% in Feb and March
Reuters reported that the European Central Bank (ECB) is set to raise interest rates by 50 basis points in both February and March and will continue to raise rates in the months after, ECB governing council member Klaas Knot said in an interview with Dutch broadcaster WNL on Sunday. “Expect us to raise rates by 0.5% […]
ECB’s Knot: “Expect us to raise rates by 0.5% in February and March … to not be done”
Dutch central bank governor and hence a European Central Bank Governing Council member, Klaas Knot, gave two separate interviews on Sunday. He said, when speaking with Dutch broadcaster WNL: “Expect us to raise rates by 0.5% in February and March and expect us to not be done by then and that more steps will follow […]
SVG Gives FX Brokers until March 10 to Show License
The Financial Services Authority of the Saint Vincent and the Grenadines (SVG) has asked existing forex brokers registered in the Island country to produce a certified copy of the requisite licenses from the jurisdictions or authorities from which their business activities are conducted. The non-bank financial services regulator also now requires prospective forex brokers that […]