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Next week in the FX markets: what’s on?

Published: July, 2020.

The foreign exchange trading week is now beginning to come to an end, and so now is a good time to look ahead at what’s on the agenda next week. The forex week will kick off in earnest on Monday 13th with an announcement from China on ...

US regulator charges forex trader with fraud

Published: July, 2020.

A major US regulator has lodged charges against a man who is accused of offering fraudulent foreign exchange opportunities. James Frederick Walsh, who reportedly called himself a “master trader”, will face the charges thanks to action from the ...

What’s coming up on the forex calendar this week?

Published: July, 2020.

Now that a new forex trading week is underway, it makes sense to look ahead at what will be coming up as the days go by. Tuesday will begin with an interest rate decision from the Reserve Bank of Australia, which is expected at 4:30am GMT. This ...

USDJPY Daily – Buyers gaining momentum

Published: July, 2020.

The USDJPY currency pair, on the D1 time-frame, was in a downward spiral until June the 23rd when a lower bottom was reached at 106.071. Buyers found the price attractive and demand began exceeding supply. After the lower bottom at 106.071, the ...

NZ: director accused of fraud sent to jail

Published: July, 2020.

A New Zealand man who has been embroiled in a long-running case of forex fraud has been sent to prison. Russell Maher, who ran a firm called Forex Brokers Limited (FBL), was accused by the country’s Serious Fraud Office (SFO) of 47 charges of ...

Regulator hunts for default judgement against GDLogix

Published: July, 2020.

A leading regulator in the US has asked a court to provide a default judgement against a firm and an individual accused of fraudulent foreign exchange derivative provision. The Commodity Futures Trading Commission (CFTC) has asked the US District ...

British cryptocurrency trading platform shut down

Published: July, 2020.

A cryptocurrency trading platform that lied about its celebrity backers has been closed down by an arm of the British government. GPay Ltd, which had the brand name XtraderFX and was previously referred to as Cryptopoint, has been “wound up in the ...

Assessing if an online broker might be fraudulent

Published: July, 2020.

Introduction There is a myriad of online brokers, under different regulatory environments to choose from, and it is expected that they will represent your best interests as a fiduciary. Each will have a regulatory framework to work within, but ...

Group-IB: huge data leak associated with bitcoin scam

Published: July, 2020.

An intelligence firm based in Singapore has said that it has uncovered a large-scale bitcoin scam associated with the leak of personal data of thousands of people. Group-IB, which describes itself as a “global threat hunting and intelligence ...

1m scams reported in two months in the UK

Published: July, 2020.

A leading service designed to help the British public report what they believe may be scam emails has confirmed that it has accepted 1m reports in its mere two months of existence. The National Cyber Security Centre (NCSC) said that it had received ...