EUR/USD - Choppy market today in a range around 50 pips. I would wait for a test around 1.2337/47 to find a setup for short term sell

IG Group and Dukascopy have bases in Switzerland. But for example IG has branches/ bases in almost all EU countries as well. So not sure if some EU trader could specifically open an account in Switzerland and if he will be accepted. FCA regulated broker should be outside of ESMA regulations, so thi...

EUR/USD - The market is sitting in one of those days when I have a feeling that starts to speak to me saying: "stitch off the terminals and take another beer"

I hope so. Time will tell whether it will have such an effect. Here is also another point that might appears as additional stone on the road and this is higher margin requirements for trading crypto currencies. ESMA regulations would push to set margin requirements at 50% (if I am not mistaken).

It looks too many cryptocurrencies on the market and by removing those with low liquidity maybe the expected effect would be to increase the liquidity over the rest or at least over the most traded

This will affect only brokers and their clients in EU, but not those that are regulated out of the EU. On another note I assume that those measures and tight requirements will force brokers (even reputed ones) to establish their branches/entities or affiliate companies in countries like Vanuatu, Bel...

Q: What do blondes and beer bottles have in common?
A: They're both empty from the neck up.

EUR/USD - testing resistance around 1.2415 and seems is forming a king of flag formation and looks the market is preparing for a new EUR jump towards 1.2445/55

The idea behind MiFID II is to cover and fills all holes and weak points from MiFID I. A friend of mine is more in deep there and mentioned the amendments are around 10K pages

A wife is like a hand grenade. Take off the ring and say good bye to your house
- no offence to the ladies - just joke