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Algiers — Bank of Algeria (BA) has developed a new regulation amending the terms and conditions for approval of foreign exchange bureaus, a measure meant to benefit from the foreign currency circulating in the informal market, as the country is undergoing a significant drop in foreign currency in...
Currency accords seemed to be consigned to history. The 1985 Plaza Accord saw the major central banks intervene to take the dollar lower and rid the US of recession. Two years later, the Louvre Accord set out to stop the dollar from falling further.......READ MORE...
farewell, currency wars. Hello, carry trade! Spring’s arrival seems to have forex investors wondering if a new currency world order — in which central banks no longer drive each other’s currencies to the bottom — is sprouting.......READMORE...
While FXcompared.com did find that banks have been lowering their costs in recent months in the face of rising competition from online money transfer services, they remain several times more expensive than those independent services...
U.S. fifty dollar bills are run through a counting machine inside a currency exchange store in Mexico City, Mexico. The dollar is flexing its muscles again, now that Fed officials are suggesting a rate hike may come sooner rather than later...
Slumping commodity prices have taken African currencies down with them, exposing the fundamental economic frailties of the world's poorest continent by driving up inflation in countries that import most of their manufactured goods...
The problem with introducing a tax on currency transactions in China: It’s probably too late. Taxing foreign exchange transactions – sometimes known as a Tobin tax – aims to limit short term currency transactions by making them more costly...
The angst generated in international circles by global currency wars was on full display this week, after it was revealed US Treasury officials had "expressed concern" the Reserve Bank of Australia had tried to talk down the local currency...
Central banks have reduced official interest rates to historically lows, either near zero (known as ZIRP or Zero Interest Rate Policy). Long term bond rates are also at historically low levels...
The pound is on the rise today and has just run to a new high of 1.4140. It did virtually nothing after the retail sales so we can't finger that as a reason. The mid-1.40's has developed into decent looking support. I had 1.4040/45 pegged but we've it slightly higher at 1.4050. 1...
Another interest rate increase “may not be far off” with the U.S. economy performing much as expected in 2016, St. Louis Fed President James Bullard said Thursday...
We continue to sale #GPBUSD. The result of the position opened at 1.4364 has already exceeded two figures of #profit. Find out more by checking out the Source Link. Please note that this post was originally published on Vistabrokers.com...
Euro Declines Against Majors The euro drifted lower against its major counterparts in early New York deals on Thursday, as continued sell-off in commodities sapped demand for riskier assets, while a decline in Eurozone bond yields weighed...
We are holding the short position in #Gold. Among signals to add we should specify bars of the "red zone." The value of the red Alligator's line is at 1242.64. Find out more by checking out the Source Link. Please note that this post was originally published on Vistabrokers.com...
US Stocks Appear on Track for Third Straight Loss US stocks fell in early trading as investors considered a possibility of an early rate hike amid weak economic data and falling oil prices. At the time of writing, Dow Jones Industrial Average (DJIA) was down 0.48% or 83 points...
Fed’s Bullard - Fed is Going Up Very Slowly on Interest Rates Fed’s Bullard is back on the wires extending his previous hawkish talk by saying the Fed is going up very slowly on interest rates...
Hawkish Bullard and Weak US Data Fail to Move Cable Hawkish comments from Bullard and weak US data may have pushed USD/JPY lower, but failed to trigger a major reaction in the GBP/USD pair, which continues to trade largely unaffected above 1.41 handle...
USD/CAD Challenges Highs Near 1.33, Oil Plummets The greenback remains on a firmer footing vs. its Canadian neighbour on Thursday, now lifting USD/CAD to fresh peaks in the 1.3280/85 band...
Gold Recovers Losses, but Hawkish Fed Speak Caps Gains Gold managed to recovery losses, but is having a hard time turning positive on the day as Fed’s Bullard joined “rate hike could happen sooner” bandwagon. Hovers around $1220/Oz Prices recovered from the one-month low of $1212...
