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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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Turkey Military Coup-Lira Sinks, EUR/USD Down & USD/JPY Up
 

Turkey Military Coup-Lira Sinks, EUR/USD Down & USD/JPY Up

As the Turkish Prime Minister, Binali Yildrim announced that a group within Turkey’s military has tried to overthrow the government and certain ‘security forces’ have been called to do what is needed, the Turkish Lira fell to a [...]
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$2.8m Vanishes in Thai Ponzi Scheme
 

$2.8m Vanishes in Thai Ponzi Scheme

More than 1000 investors in Thailand-based Forex scheme Wealthy-Plus have seen their savings evaporate because this was nothing, but a well-executed Ponzi Scheme. The victims were attracted to the scheme thanks to its advertisements on LINE and [...]
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Things You Need to Know Before You Jump on the Bandwagon of Trading in the Foreign Exchange Market
 

Things You Need to Know Before You Jump on the Bandwagon of Trading in the Foreign Exchange Market

With Brexit and the U.S. presidential elections hobnobbing the headlines, the currencies have been on a rollercoaster ride. There have been record-breaking highs and lows. The forex market is always in the news for some reason because it’s [...]
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