May 212019
 
Forex Trading: GBPUSD Technical Analysis – May 20, 2019

The Great Britain Pound (GBP) inched lower against the US Dollar (USD) on Monday decreasing the price of GBPUSD to less than 1.2800. The price …
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Rupee rises for 2nd straight day; settles paise at 70.34

Forex traders said the rupee strengthened after the RBI announced a plan to conduct the open market operation. On the other hand, heavy selling in …
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Wary Traders Push Pound Higher

The date for the UK's departure from the European Union is still several months away and until an agreement is reached, FX traders are buckling …
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Second Non-dealing Online Foreign Exchange Broker Incensed to Operate in Kenya

By Sharon Chweya. The Capital Market Authority has licensed SCFM Ltd as the second non-dealing online forex trading broker. This happens after …
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May 202019
 
EC fines five banks €1bn over forex trading cartels

Foreign exchange spot trades involve the exchange of currencies and are intended to be executed on the same day at the prevailing exchange rate.
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Stay afloat, don't drown: Top FX tips

With the launch of a brand-new FX offering that promises huge cost savings for traders, TIOmarkets has put together the 4 surest ways to keep your …
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Bitpanda announces Digital Trading for Gold & Silver

Austria-based fintech Bitpanda has recently launched digital trading service for gold and silver along with digital assets. It was announced on May 13 …
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Fitzstock Charts now has 110 stock options that have DOUBLED in 2019

This training program is designed to coach individual investors on the … concentrating on essential information required to trade the Forex market.
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May 192019
 
UK's Halifax House Price Index Climbed As Expected In April

In the Asian session, at GMT0300, the pair is trading at 1.3077, with the … The currency pair is showing convergence with its 20 Hr moving average …
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Yen edges up to highest since late March on growing trade worries

The yen in particular has drawn steady support from a flight-to-safety bid in recent days, though moves in foreign exchange markets have been …
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EUR/USD bears are stuck but bulls are limited as well

… shows that the world's most popular currency pair enjoys support at 1.1192 where we see the convergence … After taking a short course about forex.
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Hackers Steal $40 Million Worth of Bitcoin From Binance Exchange

Binance, one of the world's largest cryptocurrency exchanges, said hackers withdrew 7,000 Bitcoin worth about $40 million via a single transaction in …
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May 182019
 
Most Asian units fall as yuan slides, China cools on trade talks

The yuan declined as much 0.4% to 6.9099, inching closer to the psychologically important 7 per dollar mark. The currency hit its weakest level in …
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Five Things You Need to Know to Start Your Day

And the EU fined five banks for colluding on currency trading strategies. Here are some of the things people in markets are talking about today.
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EU Fines 5 Banks 1.2 Billion

(CNN) – Five global banks have been hit with a collective $1.2 billion fine in Europe for running cartels that coordinated currency trading.
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EU fines five banks €1.1bn for foreign currency rigging

Rigging foreign exchange was one of several illegal activities by bankers in the run-up to the financial crisis, boosting returns for themselves and their …
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May 172019
 
US dollar hits 28-month high on Taipei forex market

Taipei, May 17 (CNA) The U.S. dollar hit its highest level in more than two years against the Taiwan dollar Friday as traders acted on the continued …
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EC fines five leading global banks €1.07bn for rigging foreign exchange markets

The EC investigation, started in September 2013, revealed some individual foreign exchange traders, using online chatrooms, exchanged trading …
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EU fines Japan's MUFG and four US and British banks €1.07 billion over forex cartel

During certain periods between 2007 and 2013, foreign exchange traders of the five banks “exchanged sensitive information and trading plans, and …
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Lawsuits to follow foreign exchange market rigging

The European Commission has fined five city of London-based banks €1.07 billion after traders rigged the foreign exchange market between 2007 …
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May 162019
 
Trade ideas thread – Wednesday 8 May 2019

Any charts, technical analysis, trade ideas, thoughts, views, ForexLive … analysis charting tips, forex analysis, and currency pair trading tutorials.
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FX Today: Kiwi sold-off into RBNZ rate cut; eyes on German data, UK politics

FX Today: Kiwi sold-off into RBNZ rate cut; eyes on German data, UK … the 0.7000 level amid mixed Chinese trade balance data and risk-off moods, …
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Dollar treads water, safe-haven appeal sped up after Trump's tariff threat

An escalating geopolitical worry had appeared to be casting shadows over the FX market, as demands of safe-haven currencies such as Swiss Franc …
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GBP/USD Reached HFT Buy Zone!

Analysis of HFT algorithms in the Forex market and the activity on the GBPUSD currency pair shows that this pair has reached interesting levels that …
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May 152019
 
Euro-Zone's Industrial Production Declined As Estimated In March

In the Asian session, at GMT0300, the pair is trading at 1.1207, with the … The currency pair is trading below its 20 Hr and 50 Hr moving averages.
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Pause In USD

FX markets have paused their aggressive demand for USD. … which gave currency traders good reasons to start a bullish turn – but risk of further drop …
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Yuan Rises as China Sets Strong Fix, Xi Vows No Harmful Weakness

The nation will keep the exchange rate basically stable at reasonable levels, … How Currency Wars are Like Real Wars — for Wealth: QuickTake.
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Japan resists US pressure on FX in trade talks ahead of Abe-Trump summit

WASHINGTON/TOKYO, April 26 (Reuters) – Japan is resisting increasing U.S. pressure to link trade with currency issues as leaders of the two close …
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May 142019
 
USD doesn't attract major safe haven flows

So, the dollar hardly profited from the risk-off. The US currency also lost interest rate support the euro and the yen. The risk-off eased in US trading, but …
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NZD/USD Likely To Edge Up

The New Zealand Dollar traded with low volatility against the US Dollar on Thursday. The currency pair tested the upper boundary of a descending …
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S&P 500 Outlook: GOOG Falls Ahead of Earnings from GE, GM

Read more: FX Week Ahead – Top 5 Events: EZ GDP and CPI; Canada … And if you're looking for an introductory primer to the Forex market, check out …
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GLOBAL MARKETS-Stocks wilt after weak China data; euro zone GDP in focus

Asian markets fell after the Chinese data amid thin trading. … In currency markets, the weak Chinese data fuelled some gains in Japan's yen, which …
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May 132019
 
CMA grants license to second online FX dealer

The green light grants the new licensee scope to legally act as an intermediary between clients and the online foreign exchange market in return for a …
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Trade ideas thread – European session 13 May 2019

It's been a decent start to proceedings so far with currencies adopting a more cautious approach after US-China trade talks failed to yield new …
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This mother of two is the first woman to pilot an F-35 fighter jet — she talks sexism and 'killing bad …

Retired Air Force lieutenant colonel Christine Mau, who now works for Lockheed Martin training F-35 pilots, says 'flying is the ultimate equalizer.'.
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NOK, SEK Tremble Ahead of US-China Trade War News, EU Growth Data

The economic docket in Sweden remained light, so SEK currency crosses found themselves being primarily driven by global fundamental themes than …
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May 122019
 
Mitrade Launches A Self-Developed CFD Trading Platform for Global Investors

As the foreign exchange market caps at an average of $5.1 trillion a day, according to the Bank for International Settlements triennial report in 2016, …
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How do trading hours and different time zones across the globe affect Forex trading?

Take the fact that the forex trading market is currently worth a staggering $1.93 quadrillion, which is estimated to be more than 2-and-a-half times …
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Currencies: Dollar Underperforms As Trade Tensions Intensify

Trade tensions will continue to dominate global (FX) trading. For now, there is no reason to fight the established trading pattern. A softer than expected …
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Nigeria not visible in global Forex — Experts

Experts in the Foreign Exchange (Forex) market have decried the low participation of Nigeria in the global market which yields a daily turnover of 7.2 …
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