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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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Madoff Whistleblower Strikes Again; State Street to Pay Hefty Settlement
 

Madoff Whistleblower Strikes Again; State Street to Pay Hefty Settlement

State Street Bank and Trust Company was slapped with a $530 million settlement because it was found to be cheating a number of government bodies on the basis of wrongly pricing their foreign exchange deals. The company faced charges from the US [...]
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Swiss National Bank Shows Q1 Profits of 21.3 Billion Francs
 

Swiss National Bank Shows Q1 Profits of 21.3 Billion Francs

Switzerland’s central bank released information about its performance for the first half of 2016. The Swiss National Bank made a net profit of 21.3 billion Swiss Francs, equivalent to $21.8 billion, thanks to rises in gold prices and excellent [...]
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Yen Soars In Response To Disappointment From Bank Of Japan
 

Yen Soars In Response To Disappointment From Bank Of Japan

The Bank Of Japan announced an easing of its monetary policy with the aim of providing a stimulus to the economy but it did not have quite the desired effect. In fact, people have been clearly disappointed by the announcement, which has resulted [...]
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Swiss National Bank’s Decision Points to the Power of Foreign Exchange and its Ability to Shock!
 

Swiss National Bank’s Decision Points to the Power of Foreign Exchange and its Ability to Shock!

Just when you thought foreign exchange is the same and there could be no changes, experts maintain that it has the power to surprise. This was evident in January when the Swiss National Bank unexpectedly ended its currency’s euro cap. This [...]
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