Forex

Forex fraudster Alex Hope gets 7-year jail term
allstardebtbuster.com
Hope lured investors promising to invest their money successfully in the Forex market. In fact, only 12% of the amount was used for trading which can hardly be called successful. The majority of client funds went to Hope's personal accounts and [...]
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Central Bank of India opens first forex hub in Gujarat at Vadodara
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The first forex hub of the Mumbai-headquartered Central Bank of India in Gujarat was opened at Urmi Char rasta here to provide prompt and efficient services to importers and exporters. Ramesh Singh, General Manager, Treasury & International divis [...]
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Forex technical trading: Month end? Weekend? Waiting for GDP? The market is …
allstardebtbuster.com
The ranges for nearly all currency pairs are below their 22 day averages (about a months worth of trading). The EURUSD has a 72 pip trading range (trading at the lows currently so may extend that range). This is still well below the average at 130 pi [...]
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Forex technical analysis: USDJPY moves a lower on weaker than expected GDP
allstardebtbuster.com
The US GDP was weaker than expectations, but consumption was higher. In fact, the consumption component contributed 2.87% of the total. Private investment also added 1.2%, but inventories were 0.82% of that gain (not always a good thing). Net exports [...]
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Forex – GBP/USD holds steady after mixed U.K. data
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Investing.com - The pound held steady against the U.S. dollar on Friday, after the release of mixed U.K. economic reports and as markets eyed the release of U.S. economic growth data due later in the day. GBP/USD hit 1.5051 during European morning .. [...]
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Forex – EUR/USD off session highs after batch of U.S., E.Z. data
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Investing.com - The euro erased gains against the U.S. dollar on Friday, despite tepid U.S. economic reports as earlier data from the euro zone failed to boost confidence in the bloc's economic recovery. EUR/USD pulled away from 1.1364, the sess [...]
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Forex – USD/CAD jumps over 1%, hits fresh 6-year highs
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Investing.com - The U.S. dollar rose over 1% to fresh six-year highs against its U.S. counterpart on Friday, even as data showed that the U.S. economy grew at a slower pace than expected in the last quarter, as downbeat Canadian growth data weighed o [...]
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Forex: J$115.81 to one US dollar
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KINGSTON, Jamaica – The Jamaican dollar held firm against the US dollar trading at $115.81 on Friday, January 30 according to the Bank of Jamaica's daily foreign exchange trading summary. Meanwhile, the Canadian dollar closed at J$91.88, down [...]
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BoE report into forex-rigging claims cost taxpayer £3m
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An international probe has investigated whether banks rigged the $5tn-a-day forex market. So far, six banks have paid $4.3bn to US, UK and Swiss authorities. Lord Grabiner told the Treasury committee, which questioned the thoroughness of parts of his [...]
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