Archive for the Forex News Category
GBP Hits 2009 High
By FXStreet -
A massive turnaround for the dollar as the risks reverse their positions post GDP figures assisted by soaring oil prices. The dollar continued to fall against all majors in thin trading conditions, the Euro, pound, franc and yen all gaining ground. With oil back above $70 per barrel, along with stocks continuing to [...]
Well Done Interbank FX
Could this be the last straw? Is this the end of Interbank FX’s fledgling retail forex business?
For Immediate Release
For more information contact:
Larry Dyekman (312) 781-1372, ldyekman@nfa.futures.org
Karen Wuertz (312) 781-1335, kwuertz@nfa.futures.org
NFA fines Utah forex dealer member, Interbank FX LLC and its principal $225,000
July 30, Chicago – National Futures Association (NFA) has ordered Interbank FX LLC (Interbank) [...]
Paypal Cracks Down on Forex
By ForexMagnates -
Paypal is one of the leading online payment processing companies, allowing you to send and receive money securely all over the world. This solution is particularly successful with private individuals transferring money one to another, and with small and medium sized businesses who prefer the easy billing service that Paypal delivers.
Paypal recently started [...]
USD STEADY, UNCHANGED INTO NEW YORK
By Core Financial Group – The USD is about unchanged in early New York after a quiet two-way overnight session that saw tighter ranges in most pairs with a few new highs in the USD against some pairs. Overnight news was light but USD-positive and technical factors appeared to be the main focus as the [...]
Scandinavian Countries Positioned for Currency Rebound
By ForexYard -
News in Sweden has recently added the possibility of a rise in consumer confidence as the Riksbank has extended its 50 billion SEK bailout program by an additional 6 months in order to ease lending throughout the country. The program is designed to add liquidity to banks feeling the crunch [...]
Dollar Firms Following Comments by Bernanke
By Forex Hound -
An opinion piece by Federal Reserve Chairman Bernanke is helping to put pressure on the GBP USD overnight. This is leading traders to call for a lower opening in New York
The article in the Wall Street Journal highlighted Mr. Bernanke’s opinion that the Fed was “confident we have the necessary tools to [...]
Strong Dollar – We give in
By Back Bay FX -
Ever since the US Fed’s FOMC statement on June 24, we have held a fundamental position that the USD would strengthen vs. EUR and GBP (expressed as lower EUR/USD & GBP/USD). The price action of those two pairs in the last few days has caused us to close down those positions.
Our [...]
NFA Makes Fun of You – And of Itself
By Forex Magnates -
NFA’s efforts to ridicule the mandate it has been given by the CFTC have finally reached the point where it simply becomes absurd. It appears that the agency has no idea what it should be doing or what the results of its actions are.
If I wasn’t sure that the NFA could care [...]
New Zealand Dollar Tumbles as Fitch Downgrades Credit Outlook to a ‘Negative’ (Euro Open)
By Daily FX -
The New Zealand Dollar fell sharply late into the overnight session as credit rating agency Fitch downgraded the smaller antipode’s long-term credit rating to “negative” and warned the country could fall into a “low growth trap”. A slew of earnings reports from top companies including Carrefour and SAP are likely to guide [...]
AUD/USD Falls Below Old High But One More Step To Go…
By FXDD -
The AUDUSD has fallen back below the 0.8036 level which represented the high from July 7th. The pair has tested the 100 bar moving average at the 0.8013 level and will need to be broken to continue the downside correction. If broken the target will look toward the 0.7981 level which represented the [...]
