RPT-CORRECTED-China not going back to "old road" of capital controls -fx regulator

RPT-CORRECTED-China not going back to "old road" of capital controls -fx regulator

BEIJING, Feb 5 (Reuters) – China will continue to crack down on illegal foreign exchange activities but won’t revert back to the “old road” of capital controls, the country’s top foreign exchange…

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What is Forex Trading and How Do You Get Started?

Forex Trading is a great way to invest if you are interested in being proactive with your money and want the fun of managing your investments
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Trade Idea: USD/CAD – Exit short entered at 1.3800

Despite yesterday's fall to 1.3639, the subsequent rebound from there suggests a minor low has been formed there and consolidation above this level
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Gambia: Businesses welcome end of FOREX controls

“We believe that it was not proper for the government to fix exchange rates and to ban the shipment of FOREX… I think everybody is happy again,” he
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CANADA FX DEBT-C$ rises against weaker greenback, loses ground to safe-haven yen

CANADA FX DEBT-C$ rises against weaker greenback, loses ground to safe-haven yen

* Canadian dollar at C$1.3869 or 72.10 U.S. cents * Bond prices higher across the maturity curve * Canada 10-year yield hits record low at 1.008 percent TORONTO, Feb 9 (Reuters) – The Canadian dollar…

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EUR/USD extends the bull run to… 1.1300?

Increasing risk aversion is now pushing EUR/USD higher, printing fresh highs near 1.1280 and trading at shouting distance from the key barrier at 1.1300.EUR/USD accelerates the upsideAn increasingly biased context towards the risk-off trade and the swelling selling mood now hitting the greenback areSee Original Article

EUR/USD: Bulls working hard to extend gains above 1.12

The bid tone around EUR/USD stays intact, but is having a tough time extending gains above key resistance levels despite risk-off in the equities. Offered near Key Fibo levelThe spot is struggling to chew through offers in the range of 1.1225-1.1236 (38.2% of Mar low-Aug high). Early gains in the EuSee Original Article

PMB's Forex Policy Encourages Corruption – Emir Sanusi

The emir said that President Buhari's anti-corruption stance was “totally inconsistent” with the forex regime he supported and that it encourages
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Options markets flip back towards weaker euro

Options markets flip back towards weaker euro

LONDON, Feb 9 (Reuters) – Bets on volatility ahead for euro-dollar exchange rates surged to a 2-month high of 11 percent on Tuesday as traders put more money on the dollar, flipping most derivatives…

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Forex – NZD/USD moves lower in late trade

Investing.com – The New Zealand dollar moved lower against its U.S. counterpart on Tuesday, as ongoing concers over the outlook for global growth
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USD/CHF drops further, on its way to 0.9800

The demand for the Swiss franc is now picking up pace, dragging USD/CHF to test the 0.9820/10 band, or session lows.USD/CHF lower on risk aversionSpot has gathered further downside pressure in response to the persistent risk-off trade in the global markets. Generalized unease regarding global growthSee Original Article

German trade balance witnesses slight decline – BBH

Research Team at BBH, notes that the Germany reported a slight decline in its trade balance to EUR18.8 bln from EUR20.5 bln previously. Key Quotes“However, this masked a 1.6% decline in exports. The consensus expected a 0.5% increase. Imports also fell 1.6%, three times what the market anticipaSee Original Article

USD/JPY edges higher after US jobless claims data

USD/JPY edges higher after US jobless claims data

USD/JPY edged a few pips higher but overall remained little changed following the release of better-than-expected US jobless claims data.Initial claims for unemployment benefits in the US fell by 16,000 to a seasonally adjusted 269,000 in the week ended Feb 5, below the 281,000 expected and marking See Original Article

US: Yellen Testimony to Congress was neutral / dovish – ING

Rob Carnell, Chief International Economist at ING, notes that Yellen retains an open mind on the need for further tightening, though with a heavy skew of risks to the downside, and was defensive about the December rate hike. Key Quotes“The mercifully short prepared statement of Fed Chair Yellen toSee Original Article

EUR/USD hit fresh daily highs ahead of US data

A minor bid wave pushed the EUR/USD pair to a fresh daily high of 1.1368 ahead of the data in the US, which could show the jobless claims dropped slightly last week. Trades at highest since Oct 21st The spot rose to its highest since Oct 21st, 2015. Major part of the gains witnessed today were due tSee Original Article

Case for action if credit grows faster than GDP – BOE’s Cunliffe

Speaking at the British Property Federation Residential Conference, in London, BOE’s deputy governor for financial stability Sir Jon Cunliffe noted that the central bank will keep a watch on the credit growth and would take appropriate action if credit grows faster than GDP.Key Quotes:If credit beSee Original Article