Tuesday , October 24 2017

Recent Posts

Why worst may not be over for pound

GBP

For the weakening British pound, the worst may not be over. Derek Halpenny, head of global markets research at Bank of Tokyo-Mitsubishi UFJ, said there’s scope for major drops in the currency as the “Brexit” debate rages on. “I think we’re still in for potential further declines,” Halpenny told CNBC’s ...

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China Pulls $129B Amid Expectations Of Forex Stability And Rising Yuan

chinacurrencyjan2016

The People’s Bank of China withdrew 840 billion yuan ($129 billion) from the country’s financial system in five days through Friday, its biggest weekly withdrawal since February 2013, according to data compiled by Bloomberg. PBOC was mopping up excess liquidity infused in the market by the central bank’s decision to ...

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ISIS ‘making millions’ by gaming forex markets

FILE - This undated file image posted on a militant website on Jan. 14, 2014, shows fighters from the Islamic State group marching in Raqqa, Syria. T (AP Photo/Militant Website, File)

The militant group that calls itself Islamic State (ISIS) is exploiting national banking operations in Iraq and could be making up to $25 million a month in Middle Eastern money markets, according to experts. Speaking to a U.K. parliamentary subcommittee set up to examine how Britain could help disrupt ISIS ...

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Is it time to trade Gold?

4241653-gold

Here is a fun fact: spot Gold has made a larger range in February 2016 than it did during any other month since August 2013, which is two and a half years ago. It seems as if volatility has returned to this market, and volatility means traders have a good ...

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5 Forex Trading Tips You Might Not Read in Book

TradeRoom

Trading Forex, or any other financial instrument for that matter, requires learning. A lot. You need to acquire new skills, continually research market conditions, learn how to analyze trends, evaluate your trades, etc. There are hundreds of courses available to teach you the technical aspects of trading, but the following ...

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Bank of Russia: Ready to use forex swap with PBOC

Russian Markets

MOSCOW–Russia and China have agreed to open a bilateral foreign-exchange swap line to boost trade and investment cooperation, the Bank of Russia said Wednesday. The Bank of Russia said the two parties successfully tested forex swaps in 2015 and were ready to enact the forex swap if needed. Earlier, Russia ...

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