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Haier Finance Signs Up Bloomberg’s Forex Digital Trading Platform

Haier Finance Signs Up Bloomberg’s Forex Digital Trading Platform

Haier Finance Co., Ltd has recently announced that it has signed up with Bloomberg for its forex trading and risk management business. The non-bank financial institution is a subsidiary of Chinese home appliance giant Haier Group which is based in Shandong Province’s city of Quingdao. The company will now be using Bloomberg’s Multi-Asset Risk System […]

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Stoploss CFDs Exempt From France Forex Ad Ban

Stoploss CFDs Exempt From France Forex Ad Ban

France’s controversial new law banning advertisements of binary options, forex, and CFD trading will not cover stoploss CFDs offered to retail clients. Lawmakers in the country had voted to pass this law because these leveraged trading products are widely considered to be risky since they enticed customers to make unwise financial decisions. Leading European broking […]

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The Slump in Global Forex Industry

The Slump in Global Forex Industry

The turnover of the global foreign exchange trading industry has dropped considerably from its highs of the last three years. The daily turnover in April 2013 was $5.4 trillion but the industry has only able to manage $5.1 trillion per day as of April 2016. In fact, this was the first time after 2001 that […]

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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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