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News

China’s Central Bank Reduces Forex Sales as Capital Outflows Slow Down
 

China’s Central Bank Reduces Forex Sales as Capital Outflows Slow Down

Sale of foreign exchange by the People’s Bank of China was the lowest point in five months in January this year, indicating that capital outflows have reduced. China’s central bank has aggressively pursued a policy of scrutinising cross-border [...]
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Barclays Joins Citi to Assist With South Africa Forex Trading Probe
 

Barclays Joins Citi to Assist With South Africa Forex Trading Probe

South Africa’s Competition Commission is set to receive important information from Barclays Plc and Citigroup concerning accusations that a number of banks had colluded to rig the exchange rate of the Rand. There have been concerns that [...]
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Haier Finance Signs Up Bloomberg’s Forex Digital Trading Platform
 

Haier Finance Signs Up Bloomberg’s Forex Digital Trading Platform

Haier Finance Co., Ltd has recently announced that it has signed up with Bloomberg for its forex trading and risk management business. The non-bank financial institution is a subsidiary of Chinese home appliance giant Haier Group which is based [...]
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Stoploss CFDs Exempt From France Forex Ad Ban
 

Stoploss CFDs Exempt From France Forex Ad Ban

France’s controversial new law banning advertisements of binary options, forex, and CFD trading will not cover stoploss CFDs offered to retail clients. Lawmakers in the country had voted to pass this law because these leveraged trading products [...]
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The Slump in Global Forex Industry
 

The Slump in Global Forex Industry

The turnover of the global foreign exchange trading industry has dropped considerably from its highs of the last three years. The daily turnover in April 2013 was $5.4 trillion but the industry has only able to manage $5.1 trillion per day as of [...]
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Forex Trading Openings for 2017
 

Forex Trading Openings for 2017

2017 looks like it’s going to be an exciting year for forex traders, if the month of January is anything to go by. The US Dollar has been on a roll so far, starting from the time that Americans voted for Donald Trump as President. There are [...]
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Chinas’s Forex Reserves Fall Bringing Serious Financial Worries to the Nation
 

Chinas’s Forex Reserves Fall Bringing Serious Financial Worries to the Nation

Certainly, it is an unfortunate hour for China, as the exchange reserves of the nation have fallen very low. According to the media reports, the reserves fell lowest in the past six years in December leaving the nation baffled. The amount was [...]
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