May 082018
 
RPT-FOREX- Dollar trades near two-week lows as fears of trade wars fade further

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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FOREX- Dollar trades near two-week lows as fears of trade wars fade further

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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NBU strengthens official forex rate to UAH 25.97 to dollar

“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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A beginner's guide to Forex Trading

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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May 072018
 
Forex Today: Antipodeans slip in holiday-thinned Asia, eyes on German CPI

Forex today was a quiet Asian affair amid holiday-thinned trading, with Japan and China both out on their respective public holidays. Despite a holiday, the China Federation of Logistics & Purchasing's (CFLP) published upbeat China manufacturing and non-manufacturing PMI readings. But, better …
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In The US , The Key Figure Today Is PCE Inflation

Market movers today. A busy data week is off to strong start with important inflation releases from Germany and the US. Later this week we get Chinese Caixin PMI, US ISM manufacturing, FOMC meeting, euro area inflation not to forget nonfarm payrolls. We also have the Norges Bank meeting on …
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Forex: J$125.01 to one US dollar

KINGSTON, Jamaica — The US dollar on Tuesday, April 10, ended trading at J$125.01 down by 32 cents according to the Bank of Jamaica's daily foreign exchange trading summary. Meanwhile, the Canadian dollar ended trading at J$98.23 down from J$98.63 while the British pound sterling ended …
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Saxo Bank FX trading volumes down 27% in March to $317 billion

After a torrid start to the year including record trading volumes across nearly all its product categories in February, Copenhagen based online broker Saxo Bank has reported that March volumes cooled off somewhat, with declines in all areas. In February, Saxo reported an astounding total trading …
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May 062018
 
USD GDP Advances 2.3% In Q1 2018

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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The real cost of attending a Melbourne state school

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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Weekly Forex Trade Setups Ideas by Nial Fuller – April 30th to May 4th, 2018

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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Crude Oil: Oil Trading On A Weaker Footing This Morning

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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May 042018
 
GMO Partners With Finatext UK To Launch Crypto Trading App “Pipster”

In terms of trading volumes, Japanese brokers lead the global online retail Forex market. Therefore, the exponential growth of cryptocurrency market has naturally got their attention. In order to capitalize on the growing demand for crytocurrency trading facilities, Z.com Trade, the global brand of the …
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Maharashtra Day: Stocks, Forex Markets Shut Today

Stock exchanges BSE and NSE are closed today for Maharashtra Day holiday. That means trading in Sensex and Nifty will resume on Wednesday. May 1 is a state holiday in Maharashtra for Maharashtra Day. Maharashtra Day commemorated the formation of the state in 1960. Besides stock exchanges …
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USD/JPY and AUD/USD Forecast

The US dollar has rallied initially during the trading session on Friday but rolled over to form a bit of a shooting star. It looks as if the area above the 109 level should continue to be resistive, extending the resistance all the way to the 110 handle. I think that rolling over this market makes a lot of sense as …
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Busy Week Ahead With Many US-Moving Data

The U.S. non-farm payroll report will be the final event for currency traders on Friday. The economy is expected to have added 195,000 jobs in April – up from 103,000 in March. Meanwhile unemployment is forecast to drop to 4.0% from 4.1%. Apple Earnings. According to FactSet, 79% of S&P 500 …
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May 012018
 
Crude Oil Prices Spike as Netanyahu Alleges Iran Still Trying to Develop Weapons

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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Introducing the Ichimoku Scorecard for Intraday Ichimoku Trading

… 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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Trump's Tariff Delays and Exemptions

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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Exclusive: Sucden FX mainstays Michael Bleys and David Fowler leave the company

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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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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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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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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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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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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