Bank Of Russia Destroys Russian Retail Forex Market

The Bank of Russia which is the main financial watchdog has eliminated competition from the entire forex market in the country. The move came as a surprise after the Bank of Russia decided to strip several brokerage firms of their

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ESMA Extends CFD Sale Restrictions To Retail Investors

Earlier this year, the European Securities and Markets Authority (ESMA) implemented restrictions on the sale of contracts for differences (CFD) to retail investors. The regulatory body had extended the deadline once already and that was supposed to end January 2019.

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DGCX & FXCM Partner To Create Innovative FX Products

The Dubai Gold and Commodities Exchange (DGCX) and the FXCM Group have signed a Memorandum of Understanding (MoU) that they would soon be working together to launch new forex products on the exchange. The deal will allow the exchange to

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East African Countries Cracking Down On Illegal FX Trading

Forex trading is a lucrative investment opportunity for traders around the world but unfortunately has also gained a shady reputation because of unscrupulous brokers and companies that cheat their customers. A number of governments around the world have turned up

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DL Tech Can Help Regulators Monitor Trading Markets Effectively

Global financial markets have experienced tremendous change in the last decade due to the advancement of technology and the impact it has had on how traditional banking and trading has benefitted. Cristopher Giancarlo who is the Chairman for the US

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Indian Rupee Plummets Threatening 7th Largest Economy

India is the seventh-largest economy in the world and is currently in trouble. This is reflected in the plummeting value of the Indian rupee which has already lost 10 percent of its value against the dollar this year and is

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Argentina Boosts Interest Rates To 60% To Stop Currency Plunge

Latin America's third-largest economy is in deep trouble. Heavy government borrowing has placed the Argentinian economy in downward spiral. At the beginning of the week, President Mauricio Macri asked for the accelerated release of the $50 billion loan the country

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Pound turns bullish on expectation of Brexit breakthrough

As the UK inflation rate nudged toward 3%, the Pound turned bullish in September. The rate hike in November ensured a consolidation of the Pound against most of the G10 currencies, including the Swiss Franc. Since September 11, the Pound

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Euro turns weak on German political uncertainty

For the past two months, the EUR/JPY pair has been range bound between 132.40 and 133.40. Both the Euro zone and Japanese economy have been showing signs of improvement. The inflationary pressure is picking up in the Euro zone, while

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Interest rate differentials signal uptrend in AUD/CHF pair

So far in November, the Australian dollar has been on a steady decline against the Swiss Franc. The forced shut down of steel mills, which began in September and will run until March, to control pollution in China during winter

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