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News

An Overview of the Daily Forex Trading
 

An Overview of the Daily Forex Trading

This piece talks about the fundamental analysis of Euros and Dollars. Recently, Chris Williamson, IHS Markit stated that the August flash PMI hints at the steady growth path of the Eurozone. He added that there are hardly any signs of the [...]
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The US Dollar Closes Higher Pulling Down the Taiwan Dollar
 

The US Dollar Closes Higher Pulling Down the Taiwan Dollar

The recent news hit saying that the US dollar has risen in comparison to the Taiwan Dollar. The US Dollar has gained NT$0.06 to close at NT$31. According to the dealers, the weakness of other currencies of the world has resulted into the [...]
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Nine Nigerian Banks Banned from Forex Trading and Their Reactions
 

Nine Nigerian Banks Banned from Forex Trading and Their Reactions

The news came as a shock when the Central Bank of Nigeria (CBN) banned nine local banks from forex trading. CBN has banned these banks until the time they are going to pay the entire outstanding funds of Nigerian National Petroleum Corporation, [...]
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An Insight into the Rising Dollar and Its Expected Effects – Janet Yellen’s Guidelines
 

An Insight into the Rising Dollar and Its Expected Effects – Janet Yellen’s Guidelines

According to the media, the dollar has risen in thin trading. No doubt, it signifies a rush in the US new home sales. It is known that the policymakers from around the world are soon going to assemble in the U.S. mountain resort of Jackson Hole. [...]
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Dollar Famine Causes Naira to Weaken
 

Dollar Famine Causes Naira to Weaken

The Naira will continue its downward trend this week on account of a constriction in supply of dollars thanks to a lack of interest from overseas portfolio investors. Potential investors prefer to adopt a wait and watch policy until the economy [...]
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Australian Dollar Weakens as Does CFLP PMI
 

Australian Dollar Weakens as Does CFLP PMI

The Australian Dollar surprised all by weakening slightly, in spite of the AIG manufacturing index recording a rise. The most likely reason for this was a drop in the purchasing managers index (PMI) of the China Federation of Logistics and [...]
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Senior HSBC Manager Caught in the US Fraud Dragnet
 

Senior HSBC Manager Caught in the US Fraud Dragnet

A top executive of HSBC has been charged with forex fraud by authorities in the United States. HSBC’s global head of foreign exchange trading, Mark Johnson, was arrested on the basis of charges brought against him by the US Department of Justice [...]
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