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
Read MoreDL 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
Read MoreIndian 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
Read MoreArgentina 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
Read MorePound 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
Read MoreEuro 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
Read MoreInterest 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
Read MorePound signals uptrend on signs of peaking inflation
The Euro is on a tear against the Pound as the British Prime Minister Theresa May struggles to resolve issues in her cabinet, while the Brexit talks are heading nowhere. The improvement in the Euro zone economy and positive GDP
Read MoreCredit Suisse Hit With $135 Million Fine For Forex Violations
New York’s State Department of Financial Services (DFS) announced this week that they had decided to impose a fine of $135 million on French bank Credit Suisse for a number of forex violations that occurred between 2009 to 2015. Credit
Read MoreKiwi dollar weakens on decline in dairy products prices
The uncertainty caused due to general elections in the New Zealand sparked a downtrend in the NZD/USD pair. On the contrary, Trump’s reasonable success in getting the budget blueprint, which paves way for tax reforms, passed in the US Senate
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