The foreign exchange market is one of the most volatile in the world. Forex traders often accumulate or lose staggering amounts of money faster than in any other market. Changes are swift, and the scale may be tipped with a minimal incentive. Despite that, this market is very much sought after. If you play your …
The number of Forex traders is increasing worldwide Read More »
The coronavirus lockdowns have caused millions of job losses. Lots of people have been forced to eat into their life’s savings to survive. However, the economic crisis caused a surge in the number of active Forex traders in South Africa. Their number has grown exponentially in recent months as people are looking for alternative ways …
Forex trading has grown exponentially in South Africa Read More »
There was some confusion surrounding the statement of the Bank of Namibia recently, concerning accusations of them banning online foreign exchange trading. However, the bank clarified that they are not prohibiting online forex trading. It meant instead that the practice of collecting money from the public for investment in forex is unlawful. Emma Haiyambo, …
Bank of Namibia clarifies statement about online FX trading Read More »
The Securities and Exchange Commission (SEC) issued warning about unauthorized groups masking as foreign exchange traders, attempting to solicit investments from people without a license. The SEC has identified Juan Savings and 1 Heal 1 World Trading as groups that offer illegitimate investment opportunities. The regulator agency published the information on its website. The SEC …
SEC warns not to invest in two unauthorized forex traders Read More »
Iran has a long-standing problem when it comes to foreign currency exchanges. However, many analysts criticized the Central Bank of Iran (CBI) policies in controlling the forex market after the recent increase in inflation indices. They claimed that the rising exchange rates were the main reason for the inflation hike. Analysts consider foreign currency rate …
Does launching FX bourse answer Iran’s currency dilemma? Read More »
The dollar climbed up on Friday, supported by strong U.S. jobs data and firmer global demand for safe-havens amid concerns about the coronavirus recovery. However, moves were modest in the Asian session as investors awaited Chinese trade data. They expect the data to show a rise in industrial output and a solid rebound in retail …
The U.S. Dollar Edged Up Against the Aussie and Kiwi Read More »
The U.S. dollar tumbled down against most of its peers on Thursday amidst fading hopes for a compromise between Democrats and Republicans over additional stimulus for the U.S. economy. The currency stalled due to a decline in Treasury yields. However, analysts think that this is likely only a temporary setback. They believe that U.S. lawmakers …
The Euro and Sterling Surged Forward Against the U.S. Dollar Read More »
The New Zealand dollar collapsed to a three-week low in Asian trading at $0.6564, on Wednesday. Auckland resumed lockdowns as four new coronavirus cases were detected after 102 virus-free days. Analysts were waiting for a crucial central bank policy decision, which was due later on Wednesday. However, they haven’t expected any change in rates as …
New Zealand Dollar Plunged to a Three-Week Low on Wednesday Read More »
The dollar rose on Wednesday after finding support. U.S. yields surged forward, pushing the U.S. currency higher against the Japanese yen. Traders wagered on a broader and deeper U.S. coronavirus recovery. The yield on 10-year U.S. debt made its steepest gain in two months overnight ahead of a record $38 billion auction which is due …
U.S. dollar is soaring. What about the New Zealand dollar? Read More »
The Euro traded at $1.1736 on Tuesday after plummeting down to $1.1722 earlier. On the other hand, the U.S. dollar soared. Before that, the greenback had been falling for seven straight weeks. Traders think that it was long due for a short-term corrective bounce. Meanwhile, the Turkish lira traded at 7.2785 per dollar on Tuesday. …
Euro gained slightly Tuesday. What about other currencies? Read More »
The U.S. dollar held on to its gains on Tuesday after hitting a one-week high against the Euro. A stalemate in the U.S. Congress over fiscal stimulus and the U.S.-China tensions supported safe-haven currencies. On Monday, Trump administration officials and Congressional leaders stated that they were ready to resume negotiations on a coronavirus aid …
Greenback maintained gains while Canadian dollar rallied Read More »
The U.S. dollar strengthened slightly against a basket of currencies at 93.339 on Monday, trading just above a two-year trough. It also traded at 105.75 against the Japanese Yen, soaring above the recent low of 104.17. But the dollar faced stiff resistance at 106.46. Even though the greenback tried to continue its rally, it struggled …
The dollar firmed on Monday, but it was still lower Read More »
The U.S. dollar tried to continue rallying on Monday, but it struggled after the longest losing streak in a decade. Recent declines left the greenback vulnerable. The market was also structurally short of dollars. On Friday, a better payroll report pushed Treasury yields higher into this week’s massive $112 billion debt sale. However, it still …
U.S. dollar struggled to continue rally Monday. Why’s that? Read More »
The euro lowered by 0.3% at $1.1845 on Friday, tumbling down from its recent highs. The British pound slid by 0.2% to $1.3115 as well. The Japanese yen traded flat at 105.58. However, other major currencies weakened against the U.S. dollar. The Australian dollar plummeted down by 0.3% at 0.7220. The Reserve Bank of Australia’s …
The Euro and Sterling declined against the U.S. dollar Read More »
The U.S. dollar rebounded on Friday while other major currencies lowered. President Donald Trump took some measures to ban transactions with the Chinese owners of two popular mobile apps. On Thursday, Trump issued an executive order to ban transactions with ByteDance, the Chinese company owning the video-sharing app TikTok, and Tencent Holdings Ltd, owner of …
U.S. dollar soared on Friday. What caused its rebound? Read More »
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