From the Temple to the World Wide Web: 2000 Years of Forex Trading

Photo Credit: Noam Revkin Fenton/Flash90 It’s been five years since Doug Goldstein released his first principles guide to currency trading, along with the risks and rewards that go with it. In the modern era, that’s a long time, and the Forex world has moved on apace, both in Israel and globally. It seems strange to […]

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Forex Market Outlook for the Week May 28 – June 1, 2018

Last week was very good for the U.S. dollar. The greenback made some handsome gains against most currencies. This is because there was a change in the main narrative from the greenback riding higher on yields to gaining on the sentiment related to a reduction in risk. However, what was notable was that the U.S. […]

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Why Forex Trading is Still Growing in Popularity in 2018

For those with friends, you may have noticed more and more of them expressing an interest in Forex trading. From subtle conversational changes from football to the Euro to segues from girl talk to Japanese Yen, you may be wondering why so many are suddenly so keen on financial exchange. The answer is likely subject […]

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Rupee gains; forex reserves down for 5th week

Kolkata: The rupee gained as much as 57 paise on Friday to close at 67.67 a dollar as banks across the spectrum sold dollars on behalf of their clients, surprising many and bringing relief to capital and bond markets. This is the highest intra-day gain in the last 14 months. The 1.82 per cent fall […]

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India's Forex reserve plunge by $2.64 bn

India’s foreign exchange (Forex) reserves plunged by $2.64 billion as on May 18, official data showed on Friday. According to the Reserve Bank of India’s (RBI) weekly statistical supplement, the overall forex reserves declined to $415.05 billion from $417.70 billion reported for the week ended May 11. India’s forex reserves comprise of foreign currency assets […]

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Turkish lira still volatile as central bank moves on corporate forex

ISTANBUL (Reuters) – Turkey’s lira wobbled in volatile trade on Friday, as investors attempted to gauge prospects for another increase in interest rates two days after an emergency hike by monetary authorities struggling to stabilize the currency. FILE PHOTO: A money changer counts Turkish lira banknotes at a currency exchange office in Diyarbakir, Turkey May […]

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Russian Forex brokers may benefit from simplified procedure for client identification

The changes are outlined in a bill aiming to fight against the illegal offering of Forex services to Russian investors. Russian Forex brokers (also known as Forex dealers, as per their official designation) may be able to make use of a simplified procedure for client identification. This proposal is outlined in a new bill submitted earlier […]

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CBN injects additional $100mn Forex to cater for pilgrims

The Central Bank of Nigeria (CBN) on Thursday injected additional $100 million into the foreign exchange market (Forex) barely 24 hours after making available $210 million on Wednesday. The bank said in a statement sent to PREMIUM TIMES that the additional injection of funds was to cater for the personal needs of Nigerians who may […]

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FOREX-Euro set for sixth week of losses as concerns linger

LONDON (Reuters) – The euro slipped on Friday and is set for a sixth consecutive week of losses as concerns over Italy’s debt outlook weighed on sentiment, although losses were checked after North Korea said it was still open to resolving issues with the United States. FILE PHOTO: U.S. dollar and Euro bank notes are […]

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German Bank and Steel Conglomerate Execute Forex Transaction via Blockchain

German bank Commerzbank and steel company Thyssenkrupp have completed a €500,000 pilot transaction of a forex (FX) forward on a blockchain, reported Cointelegraph auf Deutsch May 24. The EUR/PLN forward deal worth €500,000 with a one month tenor was initiated by Thyssenkrupp on the Commerzbank's FX Live Trader platform on Wednesday. The transaction was then […]

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