Swiss Trade Surplus Surprisingly Narrowed In March

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Apr 302018
 
Swiss Trade Surplus Surprisingly Narrowed In March

For the 24 hours to 23:00 GMT, the USD rose 0.08% against the CHF and closed at 0.9790. On the data front, Switzerland's trade surplus unexpectedly narrowed to CHF1.8 billion in March, confounding market expectations for it to widen to 3.2 billion and compared to a surplus of 3.1 billion in the …
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Firming fixing supports yuan despite EM Asia forex weakness

Spot yuan trade kept to a tight range of around 50 pips. Some traders said they had expected the dollar to continue its rising trend, but its consolidation in morning trade sidelined yuan investors and discouraged them from testing lows in the Chinese currency. Ken Cheung, senior Asian FX strategist at …
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UPDATE 1-Sterling breaks 5-day losing streak on M&A play

Weaker-than-expected wage growth and inflation data and comments last week from the Bank of England that sowed doubt over a May interest rate hike triggered a selloff in sterling which slid to its lowest since mid-March in early trading. But the currency jumped on Tuesday after Japan's Takeda …
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NZD/USD Eyes 2018-Low as 10-Year US Treasury Yield Spikes Above 3.00%

FX TALKING POINTS: … NZD/USD stands at risk for further losses as the10-year U.S. Treasury Yields spikes above the 3.00% mark for the first time since 2014, and the pair appears to be on course to test the 2018-low (0.7073) as … Want to know what other currency pairs the DailyFX team is watching?
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FxPro Forex Analysis: North and South Korea to Meet on Friday for Historic Talks

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Apr 292018
 
FxPro Forex Analysis: North and South Korea to Meet on Friday for Historic Talks

Risk-on is expected to continue in the markets after major indices declined on Friday, but only to retest key breakout supporting levels from the last two weeks. The US500 held the 2660.00 support area and the German30 Index held the 12500.00 area. Indices futures are indicating a higher opening for …
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Aussie Trading On A Stronger Footing This Morning

The pair is expected to find its first resistance at 0.7714, and a rise through could take it to the next resistance level of 0.7750. Moving ahead, Australia's consumer price index for Q1, slated to release overnight, will garner significant amount of market attention. The currency pair is showing convergence …
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Learn Forex Trading: Volume Confirmation of Trends

One of the parameters that can be used to confirm the trend of a currency pair is volume. Volume can be defined as the number of contracts that are traded within a specified time period. The time period referred to here could be a day, a week or a month. It could even be as low as one tick. Volume is well …
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The best ways to stay alert to Forex market changes

The forex market is the largest and most liquid in the world, experiencing value changes literally every second it's open. While a lot of these are minor and only affect those with a scalping trading strategy employed, many larger changes will introduce challenges and opportunities for traders. It's important …
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S&P 500 Dives Despite Google Earnings, Dollar Struggling at Critical Resistance

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Apr 282018
 
S&P 500 Dives Despite Google Earnings, Dollar Struggling at Critical Resistance

While a number of Dollar-based pairs have secured impressive moves, the world's most liquid currency pair – and arguably the most liquid asset overall – EUR/USD notably did not drop below 1.2175/25. From a chart perspective, that range is not only the general low of the past three months; it is also the …
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Shilling in good run, hits 34-month high

The Central Bank of Kenya (CBK) data showed the local currency traded at 99.85 buying and 100.1056 selling at the opening of the markets in the morning. … CBA said in actual intra-day trading for Monday, the buying price for the dollar went as low as 99.20 units while selling stood at 100.70.
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Brazil FX: What's driving the BRL's underperformance?

The Brazilian currency has been underperforming its peer group of emerging-market currencies, falling by 5% against the dollar in the past month; the Russian rouble has fallen 7% in the same period due to the impact of US sanctions. However, there is a divergence of opinion about what is driving this …
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New Survey Reveals What are the Most Used Forex Trading Strategies in 2018

There are many trading strategies used when it comes to trying to making a profit with Forex however some are by far more popular than others, according to a new research. The team at TopTradingPlatforms have commissioned the research as part of an ongoing study into Forex traders in the UK and …
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Loonie Trading Slightly Lower In The Asian Session

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Apr 272018
 
Loonie Trading Slightly Lower In The Asian Session

In absence of key macroeconomic releases in Canada today, investor sentiment would be governed by global macroeconomic news. The currency pair is trading below its 20 Hr moving average and showing convergence with its 50 Hr moving average.
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Man who beat partner on FB 'swindled B6m' | Bangkok Post: news

Police suspect a man who broadcast his brutal assaults on his girlfriend live on Facebook committed another wrongdoing by cheating people out of 6 million baht through his bogus online forex trading courses, police have found. A group of victims complained to deputy police chief Wirachai Songmetta …
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SBI Backs Token Exchange Templum's $10 Million Funding Round

The new round comes months after the startup has acquired Liquid Markets Group's broker-dealer and alternative trading system Liquid M Capital LLC. At the time, it also unveiled its board of advisors, which includes Troy Paredes, a former commissioner for the Securities and Exchange Commission.
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FOREX- Dollar rises as risk appetite returns, investors turn to data

The dollar rose 0.3 percent to 107.280 yen buoyed as improving risk appetite reduced demand for its Japanese peer, a currency often sought in times of market turmoil and political tensions. But caution over U.S.-China trade tensions continued to linger in the background, confining currencies to narrow …
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Forex: J$125.73 to one US dollar

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Apr 262018
 
Forex: J$125.73 to one US dollar

KINGSTON, Jamaica — The US dollar on Wednesday, April 25, ended trading at J$125.73 up by 37 cents according to the Bank of Jamaica's daily foreign exchange trading summary. Meanwhile, the Canadian dollar ended trading at J$97.54 down from J$101.34 while the British pound sterling ended …
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Hong Kong brokerages rush to comply with new SFC rules on cyber risks

In order to enforce preventive measures against hackers, 2FA token generated by Google Authenticator app installed on one's smartphone (i.e., “what you have” factor) is required when logging in to the broker's FX trading platform. Other Hong Kong-focused brokers like Rakuten Securities have also …
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Dollar dips as markets assess Syria risk, losses limited

The U.S. currency was 0.1 percent lower at 107.245 yen after a brief rise to 107.610. It was within reach of a near two-month high of 107.780 yen set on Friday. Although the yen usually draws demand in times of political tension and market turmoil due to its perceived safe-haven status, the dollar's losses …
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Tennis lessons, limited resources, no coverage from Barclays: ex-FX trader faces dull reality

As the start of the trial of former Forex traders Richard Usher, Rohan Ramchandani, and Christopher Ashton, also known as the FX Cartel or FX Mafia, approaches, reality becomes duller for them. Earlier this month, Judge Richard Berman of the New York Southern District Court has decided to publish a …
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Dealing with the psychological factors of Forex market

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Apr 252018
 
Dealing with the psychological factors of Forex market

Psychology plays a great role in your trading success. You might be thinking that you don't need to have a stable mindset to deal with the dynamic nature of this market. But this is not true. The successful traders in Australia often consider stable mindset as the most important elements in currency trading.
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ATFX to Participate in FinanceShow's Taiwan Exhibition

The experts of the team have been invited by the organizer to be its forum speaker who was discuss “The effective way to trade the Forex market”. With over a hundred in attendance for the speech, the purpose is to educate traders not just on the fundamentals of trading the markets and its instruments …
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Regulatory Vacuum Could Delay US Crypto Offerings

However, that hasn't stopped E*TRADE Financial Corporation (ETFC), Forex.Com, Just2Trade and Interactive Brokers from offering bitcoin futures through the fully regulated CME and CBOE exchanges. In addition, innovator Robinhood has rolled out bitcoin trading for California, Montana, Missouri and …
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Forex Trading: EUR/GBP trading in the red April 17, 2018

The GBP/USD changed little today, but it should drop further in the upcoming period after the breakdown in the seller's territory. Price decreased significantly in the yesterday's session, but I've said in the previous article that it could come back to test and retest the broken levels before will touch fresh …
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GBPUSD Sellers Target Below 1.4000 Level

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Apr 242018
 
GBPUSD Sellers Target Below 1.4000 Level

The British pound remains under selling pressure against the U.S dollar, after a strongly bearish weekly price close well below the 1.4100 level. The GBPUSD pair currently trades around the 1.4018 level in early week trading, after earlier finding technical support from the 1.3991 level. Traders now look …
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Indian rupee Vs US dollar: Rupee trades over 66-mark for third time in row, here's why

Indian rupee was trading over 66-mark for the third consecutive day today against the US benchmark dollar index in the interbank forex market. … Forex dealers in a PTI report said that sustained demand for the American currency from importers and dollar strength against other currencies overseas, …
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Rising Yields Bolster The Dollar, Eurozone Flash PMIs In Focus

Here are the latest developments in global markets: FOREX: The US dollar index traded higher on Monday, though by less than 0.1%, adding to the significant gains it posted on Fridayon the back of rising US Treasury yields. The loonie plunged on Friday after Canada's CPI data disappointed, while the …
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Nigeria: Market Awaits N116 Billion Maturing Treasury Bills

… the local currency. Consequently, the CBN in line with trend, continued its weekly FX intervention sales, offering US$210 million via the wholesale Secondary Market Intervention Sales (SMIS); in its commitment to sustain liquidity levels and maintain stability in FX rate across all segments of the market.
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How geopolitics have helped drive this haven currency to a 3-year low

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Apr 232018
 
How geopolitics have helped drive this haven currency to a 3-year low

The euro-Swiss franc pair is trading at a three-year high, close to the floor the Swiss National Bank abandoned back in January 2015. Geopolitical tensions, which should ordinarily make a haven currency like the franc more popular, drove it back to such lows, market participants said. The euro-franc pair …
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Hong Kong has spent $6.5B to defend currency

The Hong Kong Monetary Authority said Thursday it has bought a total of 51.3 billion Hong Kong dollars and sold US$6.5 billion from its foreign currency reserves in 13 transactions since its first intervention last week. “This is totally in accordance with the design of the linked exchange rate system,” said …
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Forex – Chart USD/INR Update: Still stretching, higher targets 65.890, 66.000

Emerging Asia FX Highlights. USD/Asians saw mixed trading overnight even as the USD was generally stronger but subdued. USD/CNY 1Y NDFs traded choppily around 6.3700 handle on Tuesday, shrugging off the PBOC RRR cut. USD/SGD dipped to a low of 1.3077 in late Asian hours on Tuesday …
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Dollar rises from three-week low as euro, sterling fall

“It seems like earlier negative readings pointing to a potential contraction have been offset by higher-than-expected U.S. industrial production and housing starts,” said Juan Perez, senior currency trader at Tempus Consulting in Washington. “For the first time in a few weeks of mixed economic data, the …
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The Dollar's `Exorbitant Privilege' Is a Terrible Thing to Waste

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Apr 222018
 
The Dollar's `Exorbitant Privilege' Is a Terrible Thing to Waste

After all, the Bloomberg Dollar Spot Index has dropped about 12 percent since the start of 2017, but the trade deficit has only gotten bigger. Why do foreigners … The foreign earnings of U.S.-based multinationals go up via currency translation effects, so equity markets are happy on the whole. And since a …
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Dollar strengthens but off its highest levels; Canadian dollar sells off after BOC decision

Consumer prices rose an annual 2.5% that month, compared with 2.7% recorded in February. The cooler inflation figure is reducing odds that the Bank of England will raise interest rates in its May meeting, which was weighing on sterling. The currency had traded as high as $1.4377 intraday Tuesday, …
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USD to Continue in Downward Trend Begun Early in 2017

The report concluded that while the currency practices of the 6 peer countries were found to require close attention, no major US trading partner met the relevant legislative criteria for enhanced analysis in Y 2017. Further, no trading partner was found to have met the legislative standards for currency …
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Currencies: Dollar Still Facing Conflicting Signals Preventing A Clear Directional Trend

Trade issues might always resurface, we have the impression that this theme is moving a bit to the background. However, global risk sentiment recently had only a modest impact on major FX cross rates. In this context, we expect more technical trading within the established range. EUR/USD is perfectly …
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Equiti Group receives financial services license in Kenya

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Apr 212018
 
Equiti Group receives financial services license in Kenya

The license means Kenyans can now trade in foreign currency online under strict regulatory controls that provide a secure online forex trading environment. It will allow Kenyans to safely use mobile payments as a way of transacting for the purpose of trading online forex. EGM Securities Limited will be …
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Gold: Yellow Metal Trading A Tad Higher This Morning

For the 24 hours to 23:00 GMT, Gold rose 0.22% against the USD and closed at USD1352.70 per ounce, extending its previous session gains. In the Asian session, at GMT0300, the pair is trading at USD1353.30, with gold trading slightly higher against the USD from yesterday's close. The pair is …
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AUD/USD Price Outlook: Reversal Testing Initial Resistance Hurdles

New to Forex Trading? Get started with this Free Beginners Guide … Written by Michael Boutros, Currency Strategist with DailyFX. To receive Michael's analysis directly, please sign-upto his email distribution list. Follow Michael on Twitter @MBForex or contact him at mboutros@dailyfx.com.
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CBN's $210 million intervention lifts naira value

HOPE MOSES-ASHIKE. Nigeria's currency, the naira, appreciated on Wednesday, against the U.S dollar by N09.31k as the Central Bank of Nigeria (CBN) injected a total of $210 million into the foreign exchange market. The development is in continuation of the CBN's interventions in the inter-bank …
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