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  • The Cyprus Securities and Exchange Commission (CySEC) issued new guidelines regarding the cryptocurrency products offered by the plethora of brokers overseen by them and those new guidelines include cutting leverage to 1:2. All of this is in line with the upcoming significant changes, enforced by ESMA, which include limiting all leverage ratios and a total ban on binary options.

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    • News about GBP: GBPUSD drops to lowest in 5 months; outlook still bearish

      GBPUSD had a deep fall during Monday’s trading period as it dropped below the narrow range of 1.3450 to 1.3600, which had been holding over the previous two weeks. The price plunged to a new five-month low of 1.3389, however, price action is at the moment taking place not far above this trough.

      In the daily timeframe based on technical indicators, momentum is too weak to provide a sustained move higher. The RSI indicator is flattening in the oversold level near the 30 barrier, while the MACD oscillator is trying to jump above its trigger line to create a bullish cross in the negative territory.

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      • Very interesting thread, thanks for sharing with the news!

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        • The United States Securities and Exchange Commission (SEC) has charged two individuals working at Nonko Trading with fraud. More specifically, the SEC alleges that Jeffrey Goldman and Christopher Eikenberry, both from Michigan, participated in a Ponzi-like scheme and pocketed over $1.4 million from more than 260 investors worldwide.

          Nonko marketed itself as a state-of-the-art platform for day-traders. However, according to the SEC, the company secretly provided customers with accounts that only mimicked actual trading. Victims, who were mostly inexperienced traders, believed that deals were real, but in fact their trades were never sent or executed in the market.

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          • The Dutch financial regulator AFM announced its plans to make the product intervention measures of the European Securities and Markets Authority (ESMA) permanent. These measures are aimed at guaranteing greater investor protection for retail investors across the EU, and include ban on binary options trading and a number of restrictions on CFD trades, including a leverage cap of 1:30.

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            • interesting info. thank you bro

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              • Offshore brokers that offer VISA and MasterCard payment options to their clients are faced with new restrictions.
                For one, currently offshore brokers have to pay a much higher fee for processing card transactions, compared to the one payed by brokers, regulated in the European Union, USA, Canada, Australia or Japan.


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                • I would like to appreciate the traders here as they always love to discuss the major fields of forex market. News trading has a huge impact on the forex market and we must have to follow and discuss the major news. Spanish elections are the major highlight of current time!

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                  • The Cyprus Securities and Exchange Commission (CySEC) proposed a tiered risk-based approach to leverage as a permanent national measure for investor protection. As the latest product intervention measures by ESMA are due to lapse for the final time in July 2019, CySEC proposes to permanently introduce national rules. While the majority of the measures replicate those of the Pan-European regulator, this is not the case with leverage restrictions.

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                    • ESMA is trying to put some order on the market, which is generally good, but what concerns me is how it will impact the free market? Too much regulation is never a good option, because it can impact further development of that market and decrease interests of investors

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                      • In light of recent events, the FCA is considering to place a permanent ban on all sales of crypto derivatives to retail investors. In their document entitled “Restricting contract for difference products sold to retail clients”, released on July 1st of this year, the FCA briefly mentions their future plans concerning the issue.

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