U.S. job market strength leads to a four-week high for the dollar in foreign exchange markets.

On Friday, the dollar reached its highest level in over a month as a result of U.S. economic statistics showing a still tight labour market, which could suggest the Federal Reserve continues rising interest rates quickly. Statistics released on Thursday indicated that the number of Americans fili...

Blackstone to Invest in Currencies Direct to Target M&A Opportunities

Currencies Direct that is a London-based digital foreign exchange player, has talked Blackstone into investing a sum of £140 million in them. There will be a partnership involved in the funding, by the management team of Currencies Direct, that Keith Hatton leads, and Palamon, apan-European...

CHINA PBC CONDUCTS REVERSE REPOS OF 10 BILLION YUAN

Highlights –

• People’s Bank of China (PBC) set interest rate for the seven-day reverse repos at 2.2 percent.
• China's yuan weakened against a basket of currencies last week.
• China's interbank treasury bond index in net pri...

INDIA'S FOREX RESERVES RISE TO USD 589.465 BILLION

HIGHLIGHTS

• India's Forex Reserves have risen to US $ 589.465 billion.
• FCA of India have also increased.
• In the same period, the Gold Reserves of India also increased.

India's foreign exchange (Forex) reserves have ...

FRTB HAS BEEN STARTED UP BY VOLCKER

Various in the outside exchange industry has been expressing for a long time that more buy-side firms should join to the 2017 Global Code of Conduct, arranged in the wake of fixing humiliations that developed uncertainty among clients and liquidity providers. A couple on the sell-side is starting...

Forex code cold bore; Volcker starts up FRTB

Numerous in the outside trade industry have been stating for quite a while that more purchase side firms should join to the 2017 Global Code of Conduct, planned in the wake of fixing embarrassments that cultivated doubt among customers and liquidity suppliers. A couple on the sell-side is as of n...

Use of Smartphone for Forex Trading in India

Trading forex in India may be risky, as it is not permissible for non-Indian rupee (INR) trading currency pairs, in compliance with the Reserve Bank of India (RBI), the 1999 Foreign Exchange Management Act (FEMA) and the Securities and Exchange Board (SEBI). Indian traders who want to eliminate t...

Large electronic spot foreign exchange trades

When placing massive electronic spot foreign exchange transactions through a liquid market in recent days, the focus has been on restricting the market impact to prevent the price from moving away from the customer. To do this, the phenomenon has been to split huge trades into instalments as smal...