Forex Training

The dollar fell 0.2 percent to trade at 107.035 yen, a safe haven currency of choice for many who believe it would benefit most during a trade war. In the U.S., investors were awaiting inflation data due later in the session. Analysts polled by Reuters forecast that the core consumer price index (CPI) would …
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LONDON, April 11 (Reuters) – The dollar languished near two-weeks low against a basket of currencies on Wednesday as trade war fears faded and markets awaited key U.S. inflation data to set the greenback's near-term direction. The dollar index versus a basket of six major peers was down 0.1 …
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“Oil prices are towering on the heightened tension in the Middle East,” said Stephen Innes, head of trading for Asia/Pacific at futures brokerage OANDA in Singapore. Not all oil market indicators pointed to ongoing price rises, however. U.S. crude inventories rose by 1.8 million barrels in the week to April …
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It's hard to know where to start when it comes to the Forex industry. $5.3 trillion are traded every day on the Forex market, making it the largest financial market in the world. It's an industry that is constantly changing (influenced by geopolitical events & supply and demand) and filled with complex …
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The European trading session will see the release of the German retail sales report. Economists forecast that retail sales rebounded in March, rising 0.8% on the month. This would potentially offset the 0.7% decline seen the month before. Germany's preliminary inflation report is also due to be released, …
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Melbourne's most advantaged state schools are reaping four times the money from parent levies than their poorer counterparts, new research has found. The study raises concerns about growing inequity within the public education system and has sparked calls for greater oversight of parent payments.
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As we have discussed in recent weeks, the EURUSD was in a trading range for the last few months, oscillating between support and resistance levels. However, last week, price broke down through the key support of the range near 1.2150, ending the week below that level, effectively dismantling the …
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For the 24 hours to 23:00 GMT, Crude Oil declined 0.07% against the USD and closed at USD68.08 per barrel on Friday, after Baker Hughes disclosed that active oil rigs in the US increased by 5 to 825 in the week ended 27 April. In the Asian session, at GMT0300, the pair is trading at 67.88, with oil …
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While on London's Intercontinental Exchange, Brent rose 1.73% to trade at $75.07 a barrel. Netanyahu on Monday, citing documents obtained from a “highly secret location” in Iran, claimed Tehran ran a secret program to build nuclear weapons, violating the terms of the Iran nuclear deal that had lifted …
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… has surprised many traders, a technical trader tends to react early and manage risk aggressively. Doing so on US Dollar Index on a one-hour chart with Ichimoku applied would have had you enter long on April 19, a few days after the breakout to ride one of the more aggressive FX moves of the year.
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The tariffs are based upon a 1962 law that was meant to protect U.S. steel and aluminum producers on the basis of national security, but it has drawn harsh criticism from members of the World Trade Organization as well as from some members of the Republican Party who have argued that the tariffs …
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A year at Ernst & Young as a Financial Auditor preceded his foray into the world of institutional FX following his graduation from the London School of Economics with a Master of Science degree in European Political Economy, forming the culmination of his tertiary education following a previous Masters …
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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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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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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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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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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 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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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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… 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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