News

Saxo Bank Forex Trading Increases 3% in July

Copenhagen based Saxo Bank has bucked the trend of decreasing forex trading volumes by reporting a tidy 3% increase in the month of July. The multi-asset broking firm which terms itself a facilitator in fiscal markets announced that it did $249 billion in forex trades as compared to $242 billion in the month of June. […]

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Spike in Nigeria’s Forex Inflow, $14.5 Billion in 5 Months

The Central Bank of Nigeria (CBN) recorded a sharp increase in forex inflows for the first five months of the year. The inflows of $14.53 billion represented an increase of 121% over the $5.57 billion that came into the country from January to May 2016. These and other figures were included in the economic report […]

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BNP Paribas Slapped With $246 million Penalty for Forex Misconduct

French bank BNP Paribas has recently arrived at a settlement with the US Federal Reserve Board to pay a sum of $246 million (£189 million) as a penalty for its involvement in a forex rate-fixing scandal. The bank received advice from top legal firm Allen & Overy in the multimillion-dollar settlement issue which pertains to […]

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RBZ Soon to Promote Forex Trading, Curb Black Market

The Reserve Bank of Zimbabwe (RBZ) eased the rules concerning opening bureaux de change in a move that is seen to help develop a formal forex trading industry in the nation while placing curbs on the growth of its informal currency trading market. The black market in foreign exchange trading has seen a sharp rise […]

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The Largest Forex Market in Japan Releases Bitcoin Exchanges due to Increasing Demand

Z.com Coin bitcoin exchange is one of the latest divisions of GMO. It’s also one of the leading internet and Forex exchange provider of Japan that opened to astounding traffic volumes. The exchange planned to reschedule the launch on Wednesday, due to the temporary delay that was caused previously because major traffic related to high […]

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Singapore Leads in Forex Trading in Asia-Pacific Region

The city-state of Singapore has established itself as a leading offshore financial centre in Asia. As a matter of fact, it is also the forex trading hub of the Asia-Pacific region, coming third after London and New York. The business is overseen by the Singapore Monetary Authority, and like most things in that country, it […]

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First Round of French Elections Boosts Euro and Drops Gold

European markets responded very positively to news that Emmanuel Macron had garnered the highest percentage of votes amongst all the candidates taking part in the initial round of the French presidential elections. While France’s CAC Index reached its nine-year high as soon as the results started coming in, Germany’s DAX touched an all time high. […]

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