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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 hopes, if not indications, that he will usher […]

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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 held just able $3 trillion level. However, the authorities have involved themselves in […]

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The US Federal Reserve Indicates 3 Rate Hikes in 2017

The US Federal Reserve Indicates 3 Rate Hikes in 2017

Following are currency forecasts, analyses, and reactions to exchange rates for Euro, British Pound, and US Dollar for Federal Open Market Committee (FOMC) meeting to determine policy. The US Federal Reserve delivered a 25 point rate increase, as widely anticipated by industry analysts, resulting in the dollar strengthening against all important currencies. The FOMC also […]

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Airport Currency Exchanges Charge Shockingly Huge Rate to Holidaymakers

Airport Currency Exchanges Charge Shockingly Huge Rate to Holidaymakers

In news that comes as a major surprise to most people, British airports are estimated to earn as much as £100 million every year thanks to their dealings with currency exchange companies. In fact, airport bureaux de change are now understood to have been taking advantage of customers for a long time by selling currencies […]

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Citigroup Invests in London FX Blockchain Startup Cobalt

Citigroup Invests in London FX Blockchain Startup Cobalt

Citigroup Inc recently announced that it was investing in forex trading blockchain company, Cobalt. Furthermore, former Nasdaq NLX CEO Charlotte Crosswell is also moving in as a strategic advisor to Cobalt DL and her focus will be on long term strategic partnerships so that the company can get new clients. However, Citicorp did not provide […]

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US Dollar Approaches 14-Year Peaks After Indications of Fed Rate Hikes

US Dollar Approaches 14-Year Peaks After Indications of Fed Rate Hikes

The US Dollar is all set to finish 2016 in a big way, surging ahead this week to approach 14-year highs against a basket of currencies including the euro. The big gains have come in anticipation of increased rate hikes by the U.S. Federal Reserve. The dollar has been on an upward climb ever since […]

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The US Dollar Slows Down, Approaching 14-Year Peak

The US Dollar Slows Down, Approaching 14-Year Peak

The US Dollar has slowed down its steady climb as it nears its 14-year peak against a basket of leading currencies. Interest in the currency seems to have flagged slightly Wednesday in what can only be termed a pause for reorientation. Investors brought the currency’s longest rally in four years to a halt as trading […]

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