Warning Savings protection Warning The AMF and the ACPR warn the public against the activities of several entities offering investments in Forex and in crypto-assets derivatives in France without being authorized to do so

1.3 Wed 30/09/2020 - 12:00 Reference texts Articles 318-44, 321-77, 321-81 and 323-39 of the General Regulation Articles 47, 48 and 92 of Delegated Regulation (EU) 231/2013 of the European Parliament and of the Council of 19 December 2012 …

According to information available to BaFin, the operator is providing financial and investment services on this website without the required authorisation.

US Sept housing starts 1.354m vs 1.350m expectedBostic: Neutral policy rate is in the 3-3.50% rangeFed's Bostic: We may see a lull in activity and spending around the electionBaker Hughes US oil rig count +1Fed's Waller does not comment on monetary policy or the economic outlookBiden: Understands how and when Isreal will respond to Iran missile attackECB's Makhlouf: I do not believe rates should have been cut fasterAtlanta Fed GDPNow remains unchanged 3.4% for the third quarterPutin: A BRICS unified currency is prematureMarkets:Gold up $27 to record $2719US 10-year yields down 2 bps to 4.07%WTI crude oil down $1.27 to $69.40S&P 500 up 0.3%JPY leads, CAD lagsHappy Friday and an especially happy on to the gold bugs, who are being richly rewarded with a 4-day rally and a fresh all-time high. The bids were strong and steady with dips being bought, despite much better sentiment in Chinese equities today (MCHI up 4.4%).The upbeat mood in China led to a decent retracement in the US dollar and erased most of yesterday's retail-sales-driven bid. The thinking is that a stronger economy in China will spill over to Europe and world growth, narrowing the gap with the US. The market is also getting excited about 2025 growth in general as equities continue to send positive signals.The euro rebounded from a two-month low yesterday and gained 33 pips on the day in steady bids up to 1.0864 as the market tries to sniff out a 50 bps cut in December (odds at 23%). Perhaps that reflects optimism that inflation will stay low in light of another decline in oil prices.The pound climbed back above 1.30 but carved out a minor double top ahead of 1.3075 and that's a level to watch next week. Last at 1.3042.Running against the upbeat trend was the loonie, once again. That was largely an oil trade but eyes are also on the Bank of Canada decision next week as the market prices in a 50 basis point rate cut, with the odds now up to 93%. This article was written by Adam Button at www.forexlive.com.

The liquidators of the bankrupt Geneva-based online brokerage and trading bank FlowBank activated a new platform to enable clients to sell their securities directly before November 15. Asset Liquidation ProcessWalder Wyss enabled clients to log in and liquidate their securities until November 15, 2024. This move aims to expedite cash retrieval and avoid the lengthier process of transferring securities. The liquidators noted that failing to take action may lead to delays in accessing funds. To initiate the sale, the liquidators have advised clients to access the online platform using their usual login credentials. "You now have the opportunity to sell your securities directly via the online platform, which you can access via your customer area. As the transfer of securities proves to be a time-consuming and high-cost process, the sale and transfer of cash is simpler and faster to accomplish," the company mentioned."The liquidators encourage you to take advantage of this efficient solution to get back your assets faster. Please ensure to visit the client area to either request the sale of your securities or to confirm your request for transfer. Not taking action may result in additional delays."Liquidators have also released a guide to walk users through the necessary steps. The securities will be sold at market value, allowing clients to decide when to place their orders.Important ConsiderationsLiquidators advised clients to transact during active market hours to avoid order rejections. Once sales are finalized, the cash will be credited to a designated bank account in either EUR or CHF within a few days.Importantly, any manual transfer of securities or related requests will reportedly be suspended for two weeks following the platform's opening. This precautionary measure aims to streamline the liquidation process for all clients.For those with questions or needing assistance, FlowBank's liquidators referred customers to a designated customer service line available at +41 22 888 66 00 from 09:00 to 17:00 CET. The team mentioned that the support agents are prepared to address concerns and guide clients through the liquidation process. This article was written by Jared Kirui at www.financemagnates.com.

FPT Software has been named a major player in the IDC MarketScape. Takeaway Points FPT Software Named a Major Player in the IDC MarketScape. The MSS assessment evaluates 22 vendors that provide managed security services in the highly competitive Asia/Pacific market based on 20 different markets, determining criteria, including functionality or offering, portfolio benefits, delivery […] The post FPT Software Named a Major Player in the IDC MarketScape appeared first on TechBullion.

Global markets are reacting to shifts in central bank policies, with the US dollar strengthening and rate cut expectations changing. The upcoming week will be busy with the IMF meeting, PMI data releases, central bank announcements, and US earnings reports. The US Dollar Index is in focus as technical factors may play a more significant role in its movement amidst a lighter data week. Read More: Gold (XAU/USD) Price Smashes Through $2700/oz – Further Gains Ahead? Week in Review: US Earnings Surprise and Gold Hits Fresh Highs The week drew to a close with fresh highs for the S&P 500 and Gold while US earnings continued on its impressive path.  As markets digest US earnings, rate cut bets in the US remain steady from a week ago. Markets are still pricing in around a 92.3% chance of a 25 bps cut from the Fed in November, up from 89.5% last week.  Source: SME FedWatch Tool On the whole, the week itself was a bit of a hit and miss with quite a bit of choppy price action in the early part of the week. However, UK data and the ECB interest rate meeting have seen markets face up to the fact that the global rate environment is set for a correction. The Bank of England (BoE) which was expected to see its policy diverge from the Fed and ECB has found itself in the spotlight as softer inflation figures ramped up rate cut expectations. The impact of this realization saw the UD Dollar emerge as the front-runner for the week once more. The greenback continued its impressive run of late as we approached the US elections in November.  Looking at fellow commodities and metals, Oil prices continued its slide this week. Softer data globally and renewed concerns around Chinese growth saw both OPEC + and the IEA downgrade their forecasts once more. Silver breached the 32.00 handle and similar to gold, analysts are predicting a further 12 months of bullish price action with a target price for silver set at $45/oz..  The FX front, as mentioned the US Dollar continued its rise this week. The Japanese Yen experienced whiplash price action as news filtered through of a possible rate hike which was immediately rebuked by the BoJ.  Bitcoin has enjoyed a renaissance this week with the world’s largest cryptocurrency having risen to trade at 68500 at the time of writing. This leaves the world’s largest cryptocurrency just 8% of its all-time highs.  The Week Ahead: US Earnings, IMF Meeting, Central Banks and PMI The week ahead is a busy one underlined by the IMF meeting taking place in Washington next week. This is but one pillar of what is shaping up to be a busy week for markets across the globe.  We have PMI data from a host of countries, a couple of Central Bank meetings, US earnings and geopolitical developments to consider. One has to wonder which event may deliver the greatest impact where markets are concerned and that is a tough question to answer.  Asia Pacific Markets In Asia, the week is quiet following a busy period that culminated with a data dump from China this week. The biggest event in Asia will likely be Tokyo inflation data. Given the mixed rhetoric around rate hikes by the Bank of Japan (BoJ), the inflation data could meaningfully influence the timing of the Bank of Japan’s next move. Australia and New Zealand will also be enjoying a quiet week with both countries likely to be affected by external factors in the week ahead. There is a speech by RBNZ Governor Adrian Orr which could affect the NZD. Europe + UK + US In developed markets, the European Central Bank has seen an increase in the probability of a 50 bps cut in December as much as they have tried to avoid it. Growth in the Euro Area has become a key area of focus and that makes next week a big one as PMIs will be crucial for the eurozone.  Since May, the composite PMI has generally been declining, except for a temporary boost in August due to the Olympics. September’s reading fell below 50, indicating contraction and heightening fears of a potential recession. While these fears might be exaggerated, an economic slowdown seems likely. The October figures will reveal if there’s any improvement; if not, concerns about a slowdown will intensify. Poor PMIs could send the Euro spiraling lower as market participants are likely to increase bets on a 50 bps rate cut. The UK has just come off a week that has shifted the narrative for the Bank of England. A significant slowdown in inflation, more importantly services inflation and rate cuts are back on. Service PMIs have been gradually declining, aligning with slower growth rates in the year’s second half. If this trend persists, coupled with the recent slowdown in services inflation, the BoE might accelerate its rate cuts. Keep an eye out for any indications of this during Governor Bailey’s appearances in Washington next week. The US data calendar is pretty bare next week with the Fed’s beige book being the biggest event. I expect we will hear more chatter from Federal Reserve Policymakers which could add volatility to markets. It will be interesting to gauge if the US Dollar can hold onto recent gains. Canada will enjoy a bigger week with the Bank of Canada (BoC) rate decision expected on Wednesday. The market expects a big change due to low inflation and weaker activity, but I think the decision will be tight, with most officials cautious about moving too quickly. Markets are pricing in a 91.4% chance that the BoC will deliver a 50 bps cut.  Source: LSEG Refinitiv Geopolitical developments and US earnings could have a major impact next week. I would also say that any comments from Central Bank Governors at the IMF may be worth paying attention to as policy rates remain a hot topic globally.  For all market-moving economic releases and events, see the MarketPulse Economic Calendar. Chart of the Week This week’s focus is back on the US Dollar Index (DXY) as we have a lack of data which could mean the technicals become more important.  Having enjoyed a stellar rally the DXY appears to have finally found resistance at the 200-day MA. There are signs that point to a retracement but given the overarching macro economic outlook the downside might be limited. The Fed are now expected to cut less than the BoE and the ECB which is contributing to the USD rise over the month of October. The RSI on the daily has now flashed a potential sell signal having broken back below the 70 level from overbought territory. This is usually a sign of shifting momentum and that a drop in price may continue. The DXY is also caught between the 100 and 200-day MA with the 100-day MA likely to serve as a key support area around 103.180.A break below this support level could open up a retest of 102.65 and potentially 102.100. Now a break above the 200-day MA remains possible and could open up a run toward the 104.oo and 104.50 handle. US Dollar Index Daily Chart – October 18, 2024 Source:TradingView.Com (click to enlarge) Key Levels to Consider: Support: 103.18 102.65 102.00 Resistance: 104.00 104.50 105.00 105.63 Follow Zain on Twitter/X for Additional Market News and Insights @zvawda

The new collection comes at a time when luxury watch prices have largely stabilized, fueled by strong demand.

Both OPEC and the IEA revised their oil demand forecasts downwards again this week, Commerzbank commodity analyst Carsten Fritsch notes.

As ransomware cyberattacks escalate, government officials say companies are making bad decisions on the 'pay or not pay' dilemma, especially cyber insurers.

The U.S. Treasury Department’s adoption of artificial intelligence (AI) to combat financial crime has led to a massive leap in fraud detection. The treasury managed to recover $1 billion in check fraud in fiscal 2024 alone, nearly three times what it recovered the previous year. Treasury officials credited machine learning AI for the success, which also helped detect and prevent more than $4 billion in fraud overall during the year—a six-fold increase from the prior fiscal year. Renata Miskell, a senior Treasury official, called the impact of AI “transformative,” noting that it has increased their ability to detect and prevent fraud by uncovering hidden patterns and anomalies within vast amounts of data. Treasury officials began using AI to target financial crime in late 2022, following practices already in place by many banks and credit card companies. Unlike generative AI models like ChatGPT, which generate text and images, the Treasury’s fraud detection relies on machine learning, a branch of AI that excels at analyzing data and identifying suspicious activity much faster than humans could. This is crucial for an agency responsible for handling $7 trillion in payments annually, including Social Security, tax refunds, and federal paychecks. With the rise in fraud, particularly during the COVID-19 pandemic, AI has become essential in protecting taxpayer dollars from scammers. The treasury’s efforts come amid growing concerns about AI-related risks in finance. Secretary Janet Yellen and other officials warned that AI could also be exploited by bad actors, posing new dangers to the financial system. However, Miskell clarified that a human always reviews flagged transactions before determining if they constitute fraud, ensuring AI improves fraud detection without replacing human oversight. Miskell added the feds continue to expand use of AI and is working with state agencies to upgrade fraud detection tools, particularly to combat issues like unemployment insurance fraud. The Treasury is not alone in its adoption of AI for financial oversight. In September 2023, the Internal Revenue Service (IRS) announced its own use of AI to identify tax evasion schemes, particularly within hedge funds and law firms.

This week we tracked more than 85 tech funding deals worth over €774 million, and over 15 exits, M&A transactions, rumours, and related news stories across Europe.  In addition to this week's top financials, we've also indexed the most important/industry-related news items you need to know about. If email is more your thing, you can always subscribe to our newsletter and receive a more robust version of this round-up delivered to your inbox. Either way, let's get you up to speed. ? Notable and big funding rounds ?? Nuclera raises $75M Series C for eProtein discovery system ?? Cleantech Aira closes a €63M investment ?? Energy services startup Hometree raises £50M mezzanine facility to lead UK home decarbonisation ?? EIB invests €34M in Vay's teledriving tech expansion in Europe ??‍?? Noteworthy acquisitions and mergers ?? UK-based Surfboard acquired by customer intelligence platform Dialpad ?? Shiftmove acquires Optimum Automotive ?? UK crypto outfit Ziglu buys retail arm of Gibraltar-based crypto payments firm ?? Pan-European cybersecurity giant Conscia expands with PlanNet21 acquisition ? Interesting moves from investors ? Mountside Ventures pioneers VC accelerator programme for early-stage managers ? 20VC's 3rd Fund skyrockets to $400M, backed by MIT Investment and RIT Capital Partners ?? Apollo launches its first climate private equity wealth fund in Spain ? BPF invests €50M in Indico VC Fund II ? Dutch MoD unveils new €100M ‘SecFund’ to support homegrown companies working towards a safer Netherlands ? node.vc closes €71M fund for Nordic entrepreneurs ?️ In other (important) news ?? Entrepreneurs and investors launch EU Inc. in a push for a single pan-European startup entity ?Q3 2024’s Seed deal boom: Europe’s top tech startups to watch ?? Health tech and life sciences lead the way for UK VC investment in Q3 ? The fintech funding landscape: Top 10 seed deals of 2024 so far ? Recommended reads and listens ⌚ Pocuter launches Kickstarter for Spectra smartwatch: A blend of high-end features and maker possibilities ??​​ Germany-based startup A4ord offers a solution to appointment scheduling woes ? Glovo becomes the first industry app to merge social media features with food discovery ? Sweav launches first Private Equity community in the Netherlands ? European tech startups to watch ??RTDT Laboratories raises €160,000 to optimise wind turbine fleet operation ?? MELIUS Cyber raises £500,000 for cyber risk detection platform ?? WhiteBridge raises $500,000 for AI-powered reputation management ?? SuperLight Photonics secures seed investment from Hamamatsu Ventures ?? Circuland raises €750,000 for green construction tech ?? HRtech startup Wrksense raises €825,000 pre-seed ?? TheStorage secures €1M to decarbonize industrial heat

CloneFraudsters copy the details of firms we authorise to try and convince people that their firm is genuine. Find out why you shouldn’t deal with this clone firm. Almost all firms and individuals must be authorised by us to carry out or promote financial services in the UK. This firm is not authorised by us but has been contacting people pretending to be an authorised firm. This is what we call a clone firm. Search our Warning List for other unauthorised and clone firms we're aware of. Clone firm details Fraudsters are using the following details to scam people: Name: global-is.uk (Clone of FCA authorised firm) Telephone: +447460953664, +447482927686 Email: noreply@global-is.uk, support@global-is.uk Website: global-is.uk Scammers may give out other false details, including email addresses, telephone numbers, postal addresses and Firm Reference Numbers. They may mix these details with the genuine details of authorised firms. They may also change their contact details over time. FCA authorised firm details This is the genuine, authorised firm that the fraudsters are claiming to work for. It has no connection with the clone firm. The correct details are: Firm Name: Global Investment Strategy UK Ltd Firm Reference Number: 437558 Address: 200 Aldersgate St. London, EC1A 4HD, UNITED KINGDOM Telephone: +442070489400 Email: john.gunn@gisukltd.com Website: What this means for you If you deal with this firm, you won't have access to the Financial Ombudsman Service if you have a complaint. You also won't be protected by the Financial Services Compensation Scheme (FSCS) if things go wrong. This means it's unlikely you'd get your money back if the firm goes out of business. How to protect yourself You should only deal with financial firms that are authorised by us. If a financial firm is authorised by us, it gives you greater protection if things go wrong. You can check our Financial Services Register to make sure a firm is authorised and has permission for the service it's offering you. You'll also be able to find: information on how you're protected contact details for authorised firms If you're contacted unexpectedly by a financial business or individual, make sure you reply using the contact details on the FS Register. Find out more about how to protect yourself from scams. Report a clone firm If you think you've been approached by an unauthorised or clone firm, call us on 0800 111 6768, or use our contact form.

Once a client's positions have been sold in full, the cash will be transferred to their bank account, in EUR or CHF. The post Exclusive: FlowBank liquidators allowing direct sale of securities until Nov 15 appeared first on FX News Group.

Gold prices surged past $2700/oz fueled by expectations of global rate cuts and escalating geopolitical tensions in the Middle East. The London Bullion Market Association’s bullish prediction of $2941/oz gold price in 12 months. Technically, gold is overbought, but the threat of an Israeli strike on Iran could limit downside risks. Most Read: S&P 500, Nasdaq 100 – Wall Street Indexes Rise as TSMC Leads Chip Stock Rally, Where to Next? Gold prices advanced further overnight gaining acceptance above the $2700/oz as global rate cut bets intensified. The killing of Hamas Political Bureau leader and of the masterminds behind the October 7 attacks Yahya Sinwar had raised expectations of an escalation in the Middle East conflict, but the precious metal was already well on its way to fresh highs. Currently, a mix of factors is fueling the gold rally. Despite the strengthening US dollar, gold prices continue to climb. Economic data from the UK and the ECB’s interest rate meeting have boosted expectations for rate cuts worldwide, enhancing gold’s attractiveness. Lower global interest rates reduce the opportunity cost of holding this non-yielding precious metal and could keep the rally moving forward.  A bullish take from the London Bullion Market Association who conducted a poll recently further adds credence to the idea that Gold prices may not be done just yet. The poll was to predict the price of Gold in 12 months time with the association seeing prices at $2941/oz.  The US election is nearing as well and uncertainty continues around the next US President. This could be another reason the appeal of safe haven continues to grow.   Technical Analysis Gold (XAU/USD) From a technical analysis standpoint, Gold has been difficult to analyze with the lack of price action.  Gold bears may have been hoping for some headwinds from US data but that has not materialized as housing data disappointed. This has led to some USD weakness, which in theory should aid Gold prices. .  The concern for bulls lies in the fact that the RSI is now in overbought territory on the four-hour, daily and weekly charts. That coupled with the potential for profit taking before the end of the day leaves me slightly concerned. However, the threat of a retaliatory strike by Israel on Iran has strengthened as Israeli officials commented today a strike is imminent. This is something that could limit downside ahead of the weekend and into next week as well.  Immediate support rests at 2700 before the 2685 and 2673 handles come into focus.  Conversely, looking at the upside and immediate resistance rests at today’s high print around 2717 before 2725 and 2750 come into focus.  GOLD (XAU/USD) Four-Hour (H4) Chart, October 18, 2024 Source: TradingView (click to enlarge) Support 2700 2685 2673 Resistance 2717 2725 2750 Follow Zain on Twitter/X for Additional Market News and Insights @zvawda

George Town, Cayman Islands, October 18th, 2024, Chainwire Talisman, the leading web3 wallet that bridges the Polkadot and Ethereum ecosystems, has launched its new cross-chain swaps feature, solidifying its role in driving more users and liquidity to Polkadot. This feature simplifies the process of swapping assets between major blockchain ecosystems, enhancing connectivity for users trading between Polkadot, Ethereum, and Substrate networks. Simplifying Cross-Chain Asset Swaps Swapping assets across blockchain ecosystems has often been complex, requiring multiple custom bridges and DApps. Talisman addresses this by integrating popular routes and assets directly into its Portal, enabling users to swap seamlessly between Polkadot, Ethereum, Arbitrum, Bittensor, Manta Network and even Bitcoin. Whether swapping ETH on Arbitrum for DOT or acquiring tokens like TAO or MANTA to stake, Talisman offers intuitive access to popular swap routes within its cross-chain swaps interface. By making cross-chain swaps more accessible, Talisman is not only streamlining the user experience but also bringing new liquidity into Polkadot’s growing ecosystem. To get started, users can visit the Talisman Portal to begin their swaps. Supported Routes and Assets Talisman currently supports various cross-chain routes with key assets including stablecoins and native tokens across Polkadot, EVM, and Substrate projects, as well as Bitcoin. The supported routes include: Polkadot <> Ethereum/Arbitrum with assets: USDC, USDT, ETH, WBTC, and DOT All <> Manta Pacific EVM with assets: MANTA and ETH All <> Bittensor with native TAO All > Bitcoin with native BTC Partnering with Top Swap Providers To ensure a smooth experience and optimal liquidity for Polkadot and other chains, Talisman has partnered with top providers such as: Chainflip: A decentralized exchange protocol enabling seamless cross-chain asset swaps with minimal slippage and fast transaction speeds, supporting networks like Bitcoin, Ethereum, Solana, and Polkadot. SimpleSwap: A non-custodial exchange service with access to over 2,000 cryptocurrencies and 800k crypto pairs across 100+ chains, providing 24/7 support with no registration required. User-Friendly Features Talisman’s cross-chain swaps feature aggregates providers to help users compare options, costs, and estimated transaction times. Users can manage accounts across chains effortlessly, swapping between Substrate and EVM accounts directly within the Talisman Portal without needing separate transactions. How to Use Talisman Portal for Cross-Chain Swaps Connect: Access the Talisman Portal via your Talisman Wallet (Ethereum or Polkadot accounts) at app.talisman.xyz. Navigate: Go to the “Swap” section at app.talisman.xyz/transport/swap. Select: Choose the assets you wish to swap. Pick Account: Choose your destination account. Complete: Select from the available swap providers and finalize your swap. Looking Ahead Talisman is committed to expanding cross-chain swap options, adding more routes and assets. The company is also integrating swap functionality directly into the wallet extension, making it even more convenient for users to swap on the go. By simplifying cross-chain swaps, Talisman is playing a crucial role in growing the Polkadot ecosystem, driving more users and liquidity into the network while enhancing the user experience across multiple blockchains. About Talisman Talisman is a web3 wallet that empowers users to explore applications across Ethereum and Polkadot ecosystems. With Talisman, users can securely store, send, and receive assets, and connect to a variety of applications. For more information, visit Talisman Website or follow us on Twitter and Discord. Contact Growth AssociateNattiTalisman walletnatti@talisman.xyz The post Talisman Brings More Users and Liquidity to Polkadot with Cross-Chain Swaps appeared first on Fintech Review.

CloneFraudsters copy the details of firms we authorise to try and convince people that their firm is genuine. Find out why you shouldn’t deal with this clone firm. Almost all firms and individuals must be authorised by us to carry out or promote financial services in the UK. This firm is not authorised by us but has been contacting people pretending to be an authorised firm. This is what we call a clone firm. Search our Warning List for other unauthorised and clone firms we're aware of. Clone firm details Fraudsters are using the following details to scam people: Name: sandabvba.com (Clone of Previously Authorised PSD Agent) Address: 67 Lombard St, London, EC3V 9AJ 24 Church Road, London, SE19 2ET Telephone: 02038052432, 02039098911 Email: info@sandabvba.com Website: https://sandabvba.com/ Scammers may give out other false details, including email addresses, telephone numbers, postal addresses and Firm Reference Numbers. They may mix these details with the genuine details of authorised firms. They may also change their contact details over time. FCA authorised firm details This is the genuine, authorised firm that the fraudsters are claiming to work for. It has no connection with the clone firm. The correct details are: Firm Name: S & A bvba Firm Reference Number: 509056 Address: Torhoutsesteenweg 112 Oostende West Vlaanderen, 84 00, BELGIUM Telephone: +3259250713 Email: samvelartenyan@mail.ru What this means for you If you deal with this firm, you won't have access to the Financial Ombudsman Service if you have a complaint. You also won't be protected by the Financial Services Compensation Scheme (FSCS) if things go wrong. This means it's unlikely you'd get your money back if the firm goes out of business. How to protect yourself You should only deal with financial firms that are authorised by us. If a financial firm is authorised by us, it gives you greater protection if things go wrong. You can check our Financial Services Register to make sure a firm is authorised and has permission for the service it's offering you. You'll also be able to find: information on how you're protected contact details for authorised firms If you're contacted unexpectedly by a financial business or individual, make sure you reply using the contact details on the FS Register. Find out more about how to protect yourself from scams. Report a clone firm If you think you've been approached by an unauthorised or clone firm, call us on 0800 111 6768, or use our contact form.