Bank of China Unveils Predictive FX App on Eikon

Bank of China has launched DeepFX, an artificial intelligence-based FX trading signal prediction application through Refinitiv’s Eikon. DeepFX is the first released third-party Eikon app from a China based financial institution and was developed by the Digital Asset Management department of Bank of China using deep learning technology to predict the short-term price movements of […]
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CLS FX Volumes Up in February

The average daily volume submitted to CLS in February was $1.81 trillion, a 2.2% rise from January and 5% up from February 2019. Reflecting events at FX platforms that reported data at the start of the month, the growth was exclusively in spot markets with CLS handling $500 billion, up from $401 billion in January […]
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Difficult Trade Offs, Unprecedented QE, Accelerating Infection

Americans who in even greater numbers are staying at home Monday were suddenly being asked to choose between two virus scenarios; one espoused by medical experts, the other by people newly afraid the economy is being irreversibly crippled, President Trump among them. Which view leads to the most prudent outcome, either an early relaxation of […]
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ISDA Urges Authorities to Keep Markets Open

As exchange trading floors are closed amidst the Covid-19 crisis and pressure grows on countries to follow the Phillippines example in closing their markets, the chief executive of the International Swaps and Derivatives Association (ISDA), Scott O’Malia, has urged markets be kept open. Writing in the association’s Derivativiews O’Malia notes that some jurisdictions have implemented […]
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Congress Hits a Speed Bump on the Way to Spending Nearly $2 Trillion

As US cases of the coronavirus now double every two and a half days, more than 84 million Americans are spending a bleak Sunday night facing a week – and maybe months – ahead, either off the job or teleworking, separated from relatives and friends, seeing paralysing discord on Capitol Hill where the virus is […]
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Virus Outracing Efforts to Measure, Contain, Compensate

The furious governmental efforts at all levels to cope with the increasing spread of the coronavirus as a disease and as a crippler of the economy Friday did not seem to be keeping up with the steepening curve of infection. As more governors close down non-essential business in their states to keep individuals separated as […]
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Market Associations Stress the Importance of Keeping Markets Open

A group of financial market trade associations have issued a statement highlighting the importance of keeping US markets open. There have been suggestions in some quarters that the authorities may seek to curb the excess volatility of recent weeks by curtailing trading hours or even closing markets. The associations are; the Managed Funds Association, US […]
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Canada Plans CAD 82 billion in Pandemic Relief Package

Canada is promising $82 billion in financial relief to soften the blow of the pandemic crisis that is causing massive upheaval and uncertainty in this country and around the world. Prime Minister Justin Trudeau announced Wednesday that his government would provide up to $27 billion in direct support for Canadian workers and businesses impacted by […]
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‘War-Time’ President Takes Control of Factories

White House Watch: Congress in focus as virus aid measure proposals balloon, while ‘Depression’ becomes the new watchword as deterioration deepens. What seemed premature and too extreme one day turns into coronavirus response moves that appear to be too late the next day, and Congress grappled Wednesday with the challenge of keeping up with a […]
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Tips on How to Survive Working from Home

This is not a typical Profit & Loss article, but we thought it may come in useful as people transition to what will be a new normal for many for the foreseeable future. With the world in the clutches of Covid-19, and people around the world being told to stay home, millions of us are […]
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