Turkish Lira remains bearish on economic growth concerns

In the past one week, USDTRY (Dollar-Turkish Lira) pair has appreciated from a low of 2.8391 to a high of 2.8898. In fact, the Turkish Lira lost against most of the currencies, including those of the commodity based economies (Australia,

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GBP turns bullish as BoE signals end to rate cuts

The decline of the Euro, unresolved issues in the Euro zone and the Brexit referendum had a negative impact on the GBPAUD pair, which declined to a low of 1.86529 on Thursday. However, the Pound bounced back quickly to touch

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Sluggish Economy and Brexit Fears Keep The Pound Bearish

The GBPCAD pair lost more than 1000 pips in the past two weeks to touch a low of 1.8662 on Tuesday. The well known reason for the decline was the possibility of a ‘Brexit’ (Britain exit) from the European Union

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ex-UBS Employees Receive Ban From Swiss Watchdog

Switzerland has some of the toughest financial laws in the world and Swiss banks have always been home for most of the wealthiest men and women on the planet who want to store the assets and maintain complete anonymity. Switzerland

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Forex Reserves In China Drop To Lowest Level In Two Years

China has the second largest economy in the world and fluctuations in its economy and forex reserves is of great importance to the global economy as a number of countries do business with China and are heavily dependent on the

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GBP Strengthens After the Chancellors Autumn Statement

It is the annual event that many pensioners, home owners and businesses look forward to or dread every year in the UK and that is the Chancellors Autumn Statement in which he reveals his spending commitments for the coming year.

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Shah Rukh Khan Interrogated By ED For Alleged Forex Violations

India has been cracking down on black money and forex scams at the behest of the finance minister Arun Jaitley who says he wants to clean up India and bring back all the funds that are stashed abroad. The latest

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Hong Kong Banking Privacy Laws Stalls India Forex Scam Investigation

The Central Bureau of Intelligence (CBI) and the Enforcement Directorate (ED) has been tasked with the responsibility of investigating the 3,600 crore forex scam that was unearthed after an internal audit took place at the Bank of Baroda in New

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Venezuela Sues U.S Based Website To Protect Its Forex Rates

The internet has changed the way people do business across the world and current technology has made it possible for a single website to have a serious impact on a country’s economy. This appears to be the case in Venezuela

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CVC Asks RBI and IBA To Red Flag Multiple Forex Transactions

The 600 crore forex scam that was unearthed after an internal audit at the Bank of Baroda has caused the Central Vigilance Commission (CVC) to crackdown on all banks in India as they have been ordered to ensure KYC compliance

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