FOREX Trading

Yen ticks up after BOJ, dollar mired near 3-year low By Reuters

© Reuters. Bundles of banknotes of U.S. Dollar are pictured at a currency exchange shop in Ciudad Juarez By Hideyuki Sano TOKYO (Reuters) – The yen ticked up slightly on Tuesday after the Bank of Japan kept monetary policy unchanged as expected but made tweaks to its views on inflation that some trader say pointed to a slightly less pessimistic central bank view on consumer prices. The dollar had recovered from earlier losses after U.S. senators struck a deal to…

Read More

PBOC Sets Yuan Parity At 6.4009 Against The Dollar, Strongest Since 2015 By Investing.com

© Reuters. Yuan parity Investing.com – The People’s Bank of China set the yuan parity rate against the dollar at 6.4009 on Tuesday, compared to the previous close of 6.4050, the strongest since Dec. 7, 2015. The China Foreign Exchange Trade System sets the weighted average of prices given by market makers. The highest and lowest offers are excluded from the calculation. The central bank allows the dollar/yuan rate to move no more than 2% above or below the central…

Read More

European stock markets mixed as investors assess political landscape

(MENAFN – Gulf Times) Global stock markets diverged yesterday as investors stuck to the sidelines in face of the US government shutdown. While Wall Street opened lower, Europe’s main stock markets were mixed, with prices edging higher in Frankfurt and Paris but easing in London. London’s FTSE 100 was down 0.3% at 7,708.82, Frankfurt’s DAX 30 gained 0.2% to 13,463.69 and Paris’s- CAC 40 rose 0.3% to 5,541.65 at close yesterday. ‘Stock markets in Europe are a mixed bag… as…

Read More

Markets Largely Unfazed By U.S. Shutdown; German Politics In Focus

Here are the latest developments in global markets: · FOREX: The opened with a small negative gap on Monday after news that the US government shut down on Friday, but managed to recover its losses to trade marginally higher in the following hours. · STOCKS: Japanese markets were in the green today, albeit not by much. The and the indices closed up by 0.03% and 0.1% respectively. In Hong Kong, the is 0.4% higher, rising to a fresh record high,…

Read More

Dollar Weaker In Asia On US Shutdown, Senate Vote Expected Later In The Da By Investing.com

© Reuters. Dollar down in Asia Investing.com – The dollar drifted weaker in Asia on Monday as a US government shutdown weighed on the greenback ahead of an expected vote in the Senate on Monday that could provide funding for three weeks. changed hands at 110.65, down 0.05%, while traded at 0.8003, up 0.06%. The US government shutdown on Saturday extends into the new week with all but essential services curbed and many of the regularly schedule data releases possibly…

Read More

Intensified use of generators…an awful testimony to Nigeria’s poor power infrastructure A Damning Rating of Nigeria’s Infrastructure

Chineme Okafor writes on the Nigerian Society of Engineers’ critical assessment of the country’s infrastructure A  report on the status of Nigeria’s infrastructure, which the Nigerian Society of Engineers released last week in Abuja, says within the last two years, between 2015 and 2017, the country recorded a two-point drop in the rating of its infrastructure. The 2017 National Infrastructure Report Card Rating and Analysis analysed comprehensively the state of public infrastructure in Nigeria in the areas of health, security, transport,…

Read More

Canadian dollar slips ahead of NAFTA talks as oil prices fall

TORONTO (Reuters) – The Canadian dollar weakened against its U.S. counterpart on Friday as lower oil prices offset domestic data showing the biggest increase in factory sales in 2-1/2 years, while investors prepared for another round of NAFTA talks next week. At 4 p.m. EST (2100 GMT), the Canadian dollar CAD=D4 was trading at C$1.2507 to the greenback, or 79.96 U.S. cents, down 0.7 percent. The currency traded in a range of C$1.2400 to C$1.2508. For the week, it fell…

Read More

Why EUR/JPY May be the Most Loaded FX Pair In the Week Ahead

Talking Points: The collective bullish weight of the Euro and Yen (and perhaps Pound) was enough to force a critical Dollar breakdown In past weeks the Euro rallied on hawkish ECB minutes and German coalition news while the Yen surged with a BoJ technical QE change Given the response to these lower level events, the BoJ and ECB rate decisions as well as Germany SPD event ahead can move markets What is the 1Q fundamental and technical forecast for the…

Read More

HSBC in US$100m forex fraud settlement

NEW YORK: British financial giant HSBC has agreed to pay more than US$100 million to US authorities after admitting to defrauding clients during multi-billion-dollar foreign exchange transactions, the Justice Department announced on Thursday (Jan 18). The settlement follows an indictment handed down on Wednesday against a former Barclays trader similarly accused of defrauding the former California computing giant Hewlett-Packard by manipulating foreign exchange markets. Under the terms of the agreement, which is under review by a federal judge in Brooklyn, HSBC…

Read More

USDJPY tests trend line support

Trades at day lows. The USDJPY is down testing a trend line on the hourly chart at 111.045 (see chart below). On the daily chart the 50% of the move up from the September low comes in at 111.02. So there is a couple of reasons that traders might be leaning against the level.   Be aware… ON the wide (looking at the hourly chart), the pair remains between the 100 hour MA below at 110.846 and the 200 hour MA…

Read More

China data puts pressure on bond markets

Strong Chinese data has kept world stocks hovering near record highs, as bond markets pushed US Treasury yields – the benchmark for global borrowing costs – to a 10-month high. Underlining the momentum of the world economic expansion into the back end of last year, both Chinese fourth quarter growth of 6.8 per cent and December industrial output growth of 6.2 per cent were ahead of expectations. Most Asian bourses were closing when the data landed but had briefly set…

Read More

S.Korea finmin says will leave fx rates to mkt but take action if needed

SEOUL, Jan 17 (Reuters) – South Korea’s Finance Minister Kim Dong-yeon said on Wednesday authorities will leave foreign exchange rates to market participants but take action if needed. The won was trading down 0.3 percent at 1,065.8 per dollar as of 0442 GMT. Its recent steady gain against the greenback has prompted currency dealers to suspect foreign exchange authorities of engaging in intervention to slow the won’s rise. Kim made the comments to reporters on the sidelines of a visit…

Read More

Political Uncertainty Grips FX On Both Sides Of Atlantic

Market Drivers January 16, 2018 Euro wobbles as coalition talks in danger UK CPI cooler 1.00% 0.31% $64/bbl $1334/oz. $12000 Europe and AsiaGBP: UK CPI 2.5% vs. 2.6% North AmericaUSD: 8:30 The took a tumble in late Asian trade today after German media reported that coalition talks between Angela Merkel and SPD hit a snag. So far, only the Berlin and Saxony-Anhalt regions have voted against the deal. With opposition coming mainly from East German locales, SPD leader Schultz has…

Read More

Sun Newspaper Nigeria – How to solve forex problems –Heritage Bank | Nigerian Bulletin

By Omodele Adigun Nigeria may soon be on its way to rival global tourist destinations as Heritage Bank, through its strategic public and private partnerships, is currently championing transformation of the nation’s tourism sector into huge foreign exchange (forex) earner and lever of economic development. The bank may have been prompted by what obtains in the tourism world, as the enormous richness and diversity of Nigeria’s culture has always been the reason tourism should be a primary forex earner for…

Read More

Dollar Gains On Yen In Asia After Disappointing Japan PPI Data By Investing.com

© Reuters. Yen weaker in Asia Investing.com – The dollar gained against the yen on Tuesday after disappointing PPI figures from Japan lifted sentiment on the greenback which has been battered by yen and euro strength as views evolve on whether central banks in Japan and Europe are set to move to tougher monetary policies in 2018. changed hands at 110.76, up 0.21%, while traded at 0.7965, down 0.01%. Japan reported producer prices on Tuesday came in with a 0.2%…

Read More

Nigeria’s central bank injects $210 mln into currency market

LAGOS, Jan 15 (Reuters) – Nigeria’s central bank said on Monday that it had injected $210 million into the interbank foreign exchange market as part of its attempt to boost liquidity and alleviate dollar shortages. The bank said in a statement it had released $100 million earmarked for the wholesale market, $55 million for small businesses, and $55 million for certain dollar expenses such as school fees and medical bills. The bank, in an emailed statement, said it would continue…

Read More
About

Business on the Web provides the latest Business News: Breaking Personal Finance, Company,  Financial and Economic News.

Our blogs are an excellent place for technology professionals to get up-to-date industry news. Blogging about the hottest education technology issues.

Social Links