FOREX Trading

LIVE MARKETS-Closing snapshot: European shares close lower – Finance News

* European stocks end slightly lower * Healthcare biggest weight on STOXX * But FTSE hits 8-week high as pound drops * Wall Street opens little changed LONDON, Aug 8 (Reuters) – Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Julien Ponthus. Reach him on Messenger to share your thoughts on market moves: julien.ponthus.thomsonreuters.com@reuters.net CLOSING SNAPSHOT: EUROPEAN SHARES CLOSE LOWER (1551 GMT) Falls across health stocks…

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LIVE MARKETS-Watch out for trade war margin pressure – Finance News

* European stocks inch lower * Healthcare biggest weight on STOXX * But FTSE hits 8-week high as pound drops * Wall Street opens little changed LONDON, Aug 8 (Reuters) – Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Julien Ponthus. Reach him on Messenger to share your thoughts on market moves: julien.ponthus.thomsonreuters.com@reuters.net WATCH OUT FOR TRADE WAR MARGIN PRESSURE (1406 GMT) While margin pressure has…

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Pound Falls Below $1.29 for First Time in a Year By Investing.com

© Reuters. Investing.com – The pound fell below $1.29 for the first time since August 2017 on Tuesday, amid worries that the before exiting the bloc in March of next year. At 6:05 AM ET (10:06 GMT), fell 0.27% to 1.2903, recovering the 1.29 handle after hitting an intraday low of 128.93. Sterling also weakened against the euro, hitting its lowest level since November. was last up 0.28% at 0.8986, not far from an intraday high of 0.8992. The pound…

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China Uses Lower-Profile Swaps Market to Bolster Yuan

Aug. 7, 2018 11:05 a.m. ET SHANGHAI—The yuan’s recent slide has been dramatic. Without some discreet expectations management on Beijing’s part, it could have been even more striking. Traders at four major financial institutions in Shanghai said the People’s Bank of China has shifted away from traditional intervention, or selling billions of dollars to buy yuan, instead acting through lower-profile foreign-exchange swaps. “The PBOC is guiding people’s expectations in the forward market as it doesn’t want to waste money in…

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CBN injects $210m into forex market

The Central Bank of Nigeria (CBN) yesterday injected $210 million into the inter-bank Foreign Exchange (forex) Market. The move was meant to boost forex availability and also meet customers’ requests in various segments of the market. At the forex trading, the CBN offered $100 million to authorised dealers in the wholesale segment of the market, while the Small and Medium Enterprises (SMEs) segment received $55 million. Customers requiring foreign exchange for invisibles, such as tuition fees, medical payments and Basic…

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CBN injects $210m in foreign exchange market – Punch Newspapers

The Central Bank of Nigeria has injected 210 million dollars into the inter-bank Foreign Exchange Market to meet customers’ requests in various segments of the market. The CBN Acting Director of Corporate Communications, Mr Isaac Okoroafor in a statement on Tuesday, said that 100 million dollars was offered to authorised dealers in the wholesale segment of the market. He said 55 million dollars was allocated to the Small and Medium Enterprises segment while customers who require foreign exchange for tuition fees,…

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JD.com Sell-Off Amid Trade War Is A Market Overreaction, For Now – JD.com (NASDAQ:JD)

Overview Triggered by the China-US trade war, stocks of JD.com (JD) dropped by 16% since June 15, 2018. And JD is not the only one – for the past two months, most of China concept stocks such as Sina (SINA) and Alibaba (BABA) experienced huge selloffs. What material impact does the trade war have on JD’s operations? Is the market reaction simply driven by pessimistic sentiments, or is the clash over trade going to be reflected on JD’s financials? Domestic…

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Why investing in Forex is a good idea

Over the years, more and more investors have decided to give up stocks and bonds. Instead, they’re looking for something easier and friendlier. This is why many have decided to make the stick to Forex. Forex can be risky, but it can deliver far more benefits than the alternatives. Forex is readily available and it is going to give investors the ability to invest far more. Within this guide, investors will learn more about the perks of investing in the…

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JD Selloff Amid Trade War Is A Market Overreaction, For Now. – JD.com (NASDAQ:JD)

OVERVIEW Triggered by the China-US trade war, stocks of JD.com (JD) dropped by 16% since Jun 15, 2018. And JD is not the only one – for the past two months, most of China concept stocks such as Sina (SINA), Alibaba (BABA) experienced huge selloffs. What material impact does the trade war have on JD’s operations? Is the market reaction simply driven by pessimistic sentiments or is the clash over trade going to be reflected on JD’s financials? DOMESTIC MARKET…

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Trade war woes linger on global markets

LONDON, United Kingdom (AFP) — World stock markets traded sideways yesterday as trade war fears continued to hamper investor sentiment, dealers said. Key Eurozone markets Frankfurt and Paris reversed early small gains to close flat to lower, while the British pound’s weakness kept London stocks in slightly positive territory. On Wall Street, the Dow was little changed approaching midday in New York “as escalated trade tensions between China and the US continue to curb conviction”, analysts at the Charles Schwab…

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Nigeria, China Currency Swap, Good For Business – Economist

An economist with the Port Harcourt Polytechnic, Obed Chimele has applauded the Federal Government on the new currency swap deal between China and Nigeria.Chimele noted in a chat with The Tide, weekend in Port Harcourt, that the new deal portends that the dollar would no longer be used for all import and export translation between the countries.He explained that the currency swap, while stabilizing the financial market, would also improve trade relations between the two countries.According to him, the swap,…

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Yuan extends losses on bearish outlook, market awaits…

Yuan extends losses on bearish outlook, market awaits July FX reserves data By Reuters Published: 01:08 EDT, 7 August 2018 | Updated: 01:08 EDT, 7 August 2018 SHANGHAI, Aug 7 (Reuters) – China’s yuan extended its losses against the U.S. dollar on Tuesday despite a firmer official midpoint set by the central bank, with traders bearish on the outlook for the currency. Investor focus was shifting to China’s foreign exchange reserves data later in the day, with economists polled by…

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Iran Eases Foreign Exchange Rules to Protect Its Own Currency

To encourage Iranians to return their hard cash to the economy, the plan allows the central bank to set up dollar savings accounts for ordinary people, state television said. (Shutterstock) Iran will ease foreign exchange rules, state TV reported on Sunday, in a bid to halt a collapse of the rial currency that has lost half its value since April due to fears about US sanctions likely to be imposed this week. President Donald Trump’s decision to pull out of…

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3 held over currency scam

A selfie of a Thai woman and a man, believed to be Turkish. They are thought to be key suspects in the forex scam. Three suspects have been arrested in connection with a foreign currency scam, in which more than 2,000 people have been allegedly conned out of more than 200 million baht. The suspects were named as Ariya Thaumthong, Sumarin Suwannathep and Suni Praditdi, Tourist Police Bureau deputy chief, Pol Maj Gen Surachate Hakparn told a press conference yesterday…

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Asia markets close mixed amid trade news; Caixin China PMI hits a low

Representatives of U.S. Treasury Secretary Steven Mnuchin and Chinese Vice Premier Liu He are in private talks to resume negotiations on trade matters in a bid to avoid a trade war, Bloomberg News reported, citing two sources. Mnuchin had told CNBC last week that “quiet conversations” with Beijing continued to take place. “Markets took some relief on news that trade talks between the U.S. and China could be back on the menu as the U.S. gears up to impose tariffs…

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