Mar 212018
 
Qatar asks US to probe UAE bank over 'financial warfare'

In a second letter, the lawyers — Paul, Weiss, Rifkind, Wharton & Garrison — asked the U.S. Commodity Futures Trading Commission (CFTC) to investigate possible manipulation of Qatar's currency, the riyal. The request for an investigation deepens the diplomatic crisis that erupted in June when Saudi …
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Forex crunch threatens Archer Clothing's prospects

We are about to finalise the commissioning of 10 new production lines in Bulawayo but whether we are able to fully staff these will depend on our access to forex to import the raw materials and capital equipment needed. We have set up training schools in Harare and Bulawayo, but are unsure at this …
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Gaining That Competitive Edge: Safinus Jumps Novices Profitability In Crypto Trading, While …

Trading cryptocurrencies is very different from any other trading, material based or forex. Apart from an in depth understanding of finance and trade, a good grasp on technology is also needed to make effective and profitable trades with digital money. This can be a great advantage for people who know …
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Gold Prices Pressure Range Floor as Fed Rate Decision Looms Ahead

Gold prices edged down as a resurgent US Dollar pushed higher for a second day, sapping demand for the standby anti-fiat alternative. The move appeared to be driven by pre-positioning ahead of the upcoming FOMC policy meeting.Markets seem worried that a recent hawkish shift in officials' rhetoric …
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Mar 202018
 
Forex: J$127.86 to one US dollar

KINGSTON, Jamaica — The US dollar on Monday, March 19, ended trading at J$127.86 down by 13 cents according to the Bank of Jamaica's daily foreign exchange trading summary. Meanwhile, the Canadian dollar ended trading at J$96.50 down from J$100.06 while the British pound sterling ended …
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Hong Kong Forex broker KVB Kunlun completes up-and-down 2017 with Q4 Revenue down 25%

In general, in periods of elevated volatility, customer trading volumes tend to increase. However, significant swings in market volatility can also result in increased customer trading losses and higher turnover. KVB said that Gold was the most popular traded product by its customers. In FX products …
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Forex – Yen Strengthens On Risk Aversion; China Sees New Central Bank Chief

However, exports to China, the country's biggest trading partner, fell 9.7% year-on-year. Japan's Prime Minister Shinzo Abe is still embroiled in the political scandal that involves altered documents linked to his wife. The political tensions in the country pushed up the save-haven currency as Abe's …
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Rupee weakens 9 paise against dollar in opening trade

A strong dollar and sustained foreign fund outflow weighed on the domestic unit amid rising current account deficit in the December quarter, a currency dealer said. The current account deficit rose to 2 per cent of the GDP at USD 13.5 billion in the December quarter, up from USD 8 billion or 1.4 per cent …
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Mar 192018
 
Economic data coming up in the European session

Prior figures can be found here and here respectively. For trade balance, we already had France and Germany figures already so the data here shouldn't contain too much of a surprise and it won't be a market mover. Construction output data is a minor one, and gives a general gauge of sentiment in the …
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EquiTrader Trading 16.2% Lower Over Last Week (EQT)

EquiTrader logo EquiTrader (CURRENCY:EQT) traded 0.7% lower against the U.S. dollar during the twenty-four hour period ending at 13:00 PM Eastern on March 3rd. One EquiTrader coin can currently be purchased for approximately $0.16 or 0.00002147 BTC on major cryptocurrency exchanges …
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Struggling to Stay Positive

Global Foreign Exchange markets are headed for a significant litmus test as traders set sights on Jerome ” Jay” Powell's first live FOMC decision. .Consensus suggests the hurdle is high for the Fed to shift to four dots, but markets are on guard and with good reason. While a March rate hike is a foregone …
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Yen Sinks as BOJ Frets Strength But The Move May Be Overdone

The Japanese Yen was hit Monday after data showing a much weaker trade surplus than expected and, probably more pointedly, some worrying about currency strength from the Bank of Japan. The BoJ's 'Summary of Opinions' from the previous monetary policy meeting on March 8 and 9 pointed to …
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Mar 182018
 
Sebi raises currency derivative trade limit to $100 mn

Capital markets regulator Sebi today raised the exposure limit under exchange-traded currency derivatives trading for residents and FPIs to USD 100 million across all currency pairs involving the Indian rupee. The move will help entities engaged in forex transactions to maintain their currency risks in a …
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Forex: J$128.44 to one US dollar

KINGSTON, Jamaica — The US dollar on Thursday, March 15, ended trading at J$128.44 down by 23 cents according to the Bank of Jamaica's daily foreign exchange trading summary. Meanwhile, the Canadian dollar ended trading at J$98.82 up from J$98.30 while the British pound sterling ended …
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Dollar leads the way ahead of European trading

EUR/USD is currently trading under 1.2200 again, and has broken below the lows the February lows; but not all hope is lost yet for bulls as the upward trendline stretching all the way back to April is still in tact. But be warned, there are political risks over the weekend for the euro. Italian elections and …
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GBP/JPY Broke Big Support with Conviction

… a new or experienced trader, we have several resources available to help you; indicator for tracking trader sentiment, quarterly trading forecasts, analytical and educational webinars held daily, trading guides to help you improve trading performance, and one specifically for those who are new to forex.
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Mar 172018
 
CFTC Advisory Committee Recommends Creation of Virtual Currency Subcommittee

On Wednesday, the U.S. Commodity Futures Trading Committee's (CFTC) Technical Advisory Committee (TAC) held a public meeting at its Washington, D.C., headquarters. During the meeting, members of the Bitcoin and cryptoasset industry shared information regarding this emerging market and …
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US CFTC Commissioner Says Cryptocurrency Exchanges Adopting 'Self-Regulation' Could Spur …

As well as discussing developments within the blockchain and distributed ledger technology (DLT) landscape and virtual currencies, the Committee also covered areas including data analytics, artificial intelligence, automated trading technologies and cybersecurity. It also comes in the wake of the CFTC …
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Chart Patterns: Flag On EUR/USD

Last week, the EUR/USD currency pair kept the key offer zone of 1.24250-1.24450, which caused the bearish sentiment. The technical pattern indicates a further correction of the trading instrument. At the moment, the classical figure, Flag, (H1 time frame) has been formed, which is a continuation form of …
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US judge ratifies CFTC position that cryptocurrencies are commodities

The agency alleged that McDonnell, who was pretending to be an expert, induced customers to send money and virtual currencies to his company, in exchange for virtual currency trading advice and to purchase and trade virtual currencies on their behalf. However, the CFTC alleged that McDonnell …
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Mar 162018
 
US AM Digest: US Dollar (DXY Index) Trades within Tuesday's High-Low Range

The US Dollar is trading slightly higher at the start of the US cash equity open on Thursday, although price movement has been fairly limited. Indeed, the ranges carved out by the DXY Index on Wednesday and thus far today have not yet exceeded the high or low established on Tuesday, with traders …
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WEEKAHEAD-AFRICA-FX-Ghana's cedi seen firm, most currencies on back foot

Ghana's cedi is expected to remain firm against the dollar on increasing forex inflows underpinned by growing investor interest in the West African economy, an analyst said. The local currency, which has strengthened 1.9 percent since January, was trading at 4.4155 to the greenback by mid-morning on …
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How Tokenised Fiat Currency Could Change Trading

There are several potential obstacles that could prevent cryptocurrencies replacing fiat currencies in the long-term. However, things are developing quickly in the crypto world, with governments increasingly embracing the use of blockchain-based technologies to facilitate various transactions. The age of …
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Learn How To Navigate The Foreign Exchange Market With This Course

The stock market used to be the go-to place for investing. But now investors increasingly trade in a new, more lucrative market—specifically, the foreign exchange market, also known as forex or FX. Savvy traders in this fast-moving branch can profit hugely off of wise investments. Not just anyone can …
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Mar 152018
 
GBP/USD Price Plummets into Critical Support Zone

… for the pound with such a scenario targeting subsequent daily support objectives at the Brexit gap at 1.3675 , the 2017 high-close at 1.3589 and critical support at 1.3 500/4 0 (broader bullish invalidation for the primary uptrend & an area of interest for long-entries IF reached). New to Forex Trading ?
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EquiTrader Reaches 1-Day Volume of $1628.00 (EQT)

EquiTrader logo EquiTrader (CURRENCY:EQT) traded 10.9% lower against the US dollar during the 1 day period ending at 11:00 AM ET on February 25th. EquiTrader has a total market capitalization of $2.92 million and $1,628.00 worth of EquiTrader was traded on exchanges in the last day.
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Mvise: Bullish 2020 Guidance After Strong 2017

The board expects strong incentives for German firms to invest in digital transformation to continue to sustain market growth. New 2020 revenue and EBIT margin targets of €35m and 15%, respectively, imply an organic revenue CAGR of 32% and a 15-20x increase in EBIT, based on 2017 consensus.
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GBP/USD Forex Signal

This pair looks likely to fall further today and is currently at the heart of the Forex market. Concerning the GBP, there will be a release of Manufacturing PMI data at 9:30am London time. Regarding the USD, there will be a release of ISM Manufacturing PMI data at 3pm, as well as testimony from the Chair …
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Mar 142018
 
What Forex Pairs To Trade

You must understand that most of the market is set up to take your money. This is what makes the idea of a EUR/USD pair so appealing, as the spread is only 2 pips or less in most platforms. While this seems like a great way to make money, the broker understands that in order to make a decent profit on …
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Five Things You Need to Know to Start Your Day

Losses accelerated in Asian trading Thursday after Hong Kong Monetary Authority Chief Executive Norman Chan said there were no plans to sell additional debt, a move that would tighten liquidity and prop up the exchange rate. The currency traded above HK$7.84 per U.S. dollar, and the HKMA is …
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CANADA FX DEBT-C$ steadies as trade fears cool, jobs data looms

At 9:18 a.m. EST (1418 GMT), the Canadian dollar was little changed at C$1.2908 to the greenback, or 77.47 U.S. cents. The currency traded in a range of C$1.2868 to C$1.2952. On Wednesday, the loonie matched Monday's low at C$1.3002, its weakest since July 5. The price of oil, one of Canada's …
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EURGBP has its own wild swings. Price falls back to close, MAs and stalls

Looking at the hourly chart, the move higher took the price above the swing high from March 6th and March 2nd at 0.8943 and 0.8951 respectively, but failed (those levels are now resistance targets). Before the last few hours, the price had traded above and below the 100 hour MA (blue line in the chart …
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Mar 132018
 
Inflation in focus again after weak wage growth calms markets

More than a month earlier, in the beginning of February, January wage growth data came out higher-than-expected, sparking a wave of concern about inflation and interest rates, and leading to sharply elevated market volatility as stock prices briefly entered into correction territory. Friday's weak hourly …
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FX levels to watch – EUR/USD, GBP/USD and USD/JPY

This information has been prepared by IG, a trading name of IG Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may …
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Global Brokerage, Drew Niv and 16 other ex-FXCM Inc top officers gear up for “mega lawsuit …

The “mega lawsuit” is brought on behalf of a putative class consisting of all persons and entities who purchased or otherwise acquired publicly traded FXCM securities from March 15, 2012 to February 6, 2017. The complaint alleges that FXCM misled its clients, investors and the regulators by claiming …
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MOPH Announces Annual Service Officer Training and Recertification Symposium

The Military Order of the Purple Heart (MOPH) is pleased to announce that the Annual Training and Recertification Symposium will take place during the period 4-8 March 2018 at the Florida Hotel, Orland, FL. This annual meeting brings together the MOPH National Service Officers (NSO's) from across …
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Mar 122018
 
Forex improves, NRZ is on track

The forex market clearing price, balancing the demand for and supply of the greenback is not a forward price. It is interesting that last week Mnangagwa, in an interview with a foreign paper, revealed that of the US$3 billion that was externalised mostly by companies between 2015 and 2017, US$815 …
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Potential Ending diagonal on DAX Suggests More Weakness

German Dax can be trading in a three-wave reversal from the lows, which can see limited upside near the 12407/12480 region. Also, we see the current rally from 11966 level quite overlapping, which gives us thinking that maybe an EW ending diagonal is in progress within wave C), which could …
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A Rally on S&P 500's 9th Anniversary of Bull Trend, Stubborn Dollar Range

The volleys in a global trade war will inevitably impact the most heavily used currency in the world – especially when it is as the center of its unfolding – but like risk assets, there is reason to await clarity on how the engagement will shape up. In the meantime, there are other themes that could readily jostle …
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Venezuelan government is providing a free cryptocurrency training course for citizens

The Venezuelan government is now offering a course to teach citizens how to buy, sell and mine cryptocurrencies, the course will also cover all to know about the nation's new oil-back currency, Petro. The training centre is based in its capital city, Caracas, according to local television, Telesur TV.
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