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Central Bank of Russia Tries to Squeeze Cash and Dry FX Liquidity to Fight off Speculators
- The Russian central bank is taking alternative methods to boost the weakening Ruble after it stopped selling USD to sustain the previous trading band. Explanation given is "to prevent games on the currency market."
Tuesday, 11/11/2014 | 17:18 GMT by
Avi Mizrahi
Equity Indices Return to Their Highs While the US Dollar Firms
- Financial markets have started the week in subdued fashion with some profit-taking seen in USD currency pairs, equities and commodities. Despite the noise, predominant trends remain in force going into key macro-data points later today.
Tuesday, 11/11/2014 | 08:07 GMT by
George Tchetvertakov
Putin Tries to Reassure APEC Investors Amid Ruble Record Lows
- Speaking in front of the Asia Pacific Economic Co-operation summit in Beijing, Mr. Putin asserted that the Rouble’s drop was “absolutely not related to fundamental economic reasons”, promising an equilibrium "soon.”
Monday, 10/11/2014 | 14:25 GMT by
Avi Mizrahi
GAIN Capital Retail Trading Volume in October Reaches $273.4 Billion, an Increase of 14.4% MoM
- The results are mixed however as the total institutional trading volume for GAIN Capital reached only $437.6 billion in October 2014, a decrease of 0.9% from September and an increase of 49.7% from October 2013.
Monday, 10/11/2014 | 13:09 GMT by
Avi Mizrahi
China-Australia Free Trade Deal Imminent as Global Summits Prepare to Take Centre Stage
- The APEC, East Asia and G20 Summits converge over the next 10 days with a host of trade and finance issues up for discussion. Meanwhile, APAC leaders China and Australia close in on a lucrative free-trade agreement.
Monday, 10/11/2014 | 10:06 GMT by
George Tchetvertakov
Shanghai-Hong Kong Stock Connect Programme Gets the Green Light
- A HKEx sponsored mutual market access program that connects mainland China with Hong-Kong and provides foreign access to Chinese securities markets gets a go-live date of November 17th 2014,
Monday, 10/11/2014 | 06:38 GMT by
George Tchetvertakov
First Binary Options IPO in the Works as Trading Edges Towards Gaming: Our Best Stories of the Week
- Forex Magnates spotlights the recent industry’s news you must know all about, from the upheaval at an industry event in China to a new gaming style trading app and major interventions by central banks.
Sunday, 09/11/2014 | 11:43 GMT by
Avi Mizrahi
Looking Ahead: Barrage of Chinese Data and Market Uncertainty Clouds Data Calendar
- Looking ahead, Forex Magnates picks out the most market sensitive events that are scheduled on next week's data calendar.
Saturday, 08/11/2014 | 12:19 GMT by
George Tchetvertakov
Winners and Losers: The Most Significant Market Movers in the 1st Week of November
- Unexpectedly, the most lucrative speculative market last week was Natural Gas - rising over 13% as cold weather expectations hit the US.
Saturday, 08/11/2014 | 11:03 GMT by
George Tchetvertakov
Chinese TV Targets Forex yet Again as Losing Clients Wreak Havoc at Shanghai Money Fair
- The recent expo has become the arena of fierce protest as traders vandalized the booths of GWFX and the Hong Kong-based 24k.hk sparying graffiti, claiming to have lost millions of RMB in brokers' manipulation.
Thursday, 06/11/2014 | 12:07 GMT by
Avi Mizrahi
GAIN Capital Retail Trading Volume Increased by 16% to $605.4 Billion in Third Quarter 2014
- Net revenue up 49% as GAIN Capital's efforts to expand trading of non-FX products continued, with 27% of retail OTC trading volume in the quarter coming from non-FX, primarily stocks and commodities CFDs.
Thursday, 06/11/2014 | 11:35 GMT by
Avi Mizrahi
Total Average Daily FX Volumes at ICE Drop by 12% MoM to 44,000 Contracts in October
- On a yearly comparison, the figure is an impressive 117% jump from October 2013 but the Year-to-date ADV (ADV YTD) was only 29,000 in October 2014, 23% less than the same period the previous year.
Wednesday, 05/11/2014 | 14:08 GMT by
Avi Mizrahi
Japanese Yen Lost More than a Third of Its Value “Thanks” to Bank of Japan Stimulus
- As the Bank of Japan is expanding its monetary policy measures in yet another round of its quantitative and qualitative easing policy we are taking a look at the long term effects of Shinzo Abe’s policy measures.
Tuesday, 04/11/2014 | 11:23 GMT by
Victor Golovtchenko
HSBC Sets Aside $378 Million for Its Part in the Expected Forex Manipulation Fines
- In addition to the forex investigation prohibition the global banking group has set aside a total of $1.7 billion of provisions for various legal and regulatory penalties it might face which hurt its Q3 bottom line.
Monday, 03/11/2014 | 13:59 GMT by
Avi Mizrahi
Israeli Securities Authority Issues Warning before Regulation of Forex Trading Begins
- The announcement comes amid "inaccurate publications concerning supervision," informing that the watchdog will not supervise all existing market players but only brokers whose license application would be approved.
Monday, 03/11/2014 | 13:45 GMT by
Avi Mizrahi
YJFX Becomes Latest Major Japanese Broker to Abandon the Metatrader4 Platform
- It now seems that Monex might have started a trend for Japanese brokers to abandon MT4 and if more will follow YJFX the country can be the first market to advance beyond the MT4 dominance era in retail FX.
Monday, 03/11/2014 | 12:11 GMT by
Avi Mizrahi
Binary Options Broker Anyoption Plans a London Stock Exchange AIM IPO Valued at £150 Million
- The broker has already hired the services of a British investment group, Shore Capital which specializes in access to the London capital markets. Anyoption plans the stock listing for February 2015.
Monday, 03/11/2014 | 07:58 GMT by
Avi Mizrahi
Israel's Banking Supervisor Silently Exempts Big Banks' Dealing Desks from New Forex Regulation
- The major banks in Israel were able to manipulate the regulator into curbing their competition by hurting retail forex brokers while protecting them from regulations and allowing them to keep operations secret.
Sunday, 02/11/2014 | 16:47 GMT by
Avi Mizrahi
Which Broker Was Fined and Whose Traders are Most Profitable? Read Our Best Stories of the Week
- Forex Magnates spotlights the recent industry’s news you must know all about: A $118 million acquisition agreement, major broker relaunching Bitcoin binary options and our exclusive US profitability report.
Sunday, 02/11/2014 | 11:45 GMT by
Avi Mizrahi
Bank of Japan Shakes Its Money Tree: Raises Annual Monetary Base to $718 Billion
- The Bank of Japan takes the unprecedented step of including equity and real-estate assets as part of its stimulus programme. With the monetary base expected to rise and keep rising year-on-year, the outlook for Yen pairs is bleak.
Friday, 31/10/2014 | 08:25 GMT by
George Tchetvertakov
They Just Keep Coming! British Financial Watchdog Warns of Three More Forex Clone Scams
- Like with many clones before, the sites seem to primarily target Chinese speakers. Today's batch are of higher quality as far as graphics are concerned showing an improvement in the skills fraudsters imploy.
Thursday, 30/10/2014 | 15:46 GMT by
Avi Mizrahi
CME Reports Only a 4% Comeback in Revenues for Q3 despite Record Options Volume
- CME's third-quarter 2014 average daily volume was 13.5 million contracts, up 12% from third-quarter 2013. Clearing and transaction fee revenues were $641.8 million, up 7% compared with third-quarter 2013.
Thursday, 30/10/2014 | 12:44 GMT by
Avi Mizrahi
As the Forex Manipulation Resolution Approaches, Barclays Sets aside £500 Million for Fines
- Barclays Chief Executive Officer Antony Jenkins has also said he is trying to improve profitability and stop any possible wrongdoing by cutting the size of the investment bank and closing underperforming departments.
Thursday, 30/10/2014 | 10:22 GMT by
Avi Mizrahi
OANDA Targets Chinese in Australasia via Strategic Partnership with an Education Provider
- OANDA Australia will be utilising ACY FX’s Chinese language resources to provide professional education services, including FX workshops, FX market analysis, live market updates and one-on-one training.
Thursday, 30/10/2014 | 08:23 GMT by
Avi Mizrahi
Federal Reserve Ends Quantitative Easing, US Dollar Spikes Higher after Hawkish Talk
- The Federal Reserve has ended its third round of quantitative easing, opening the door for future rate hikes despite dovish expectations boosting the US dollar and surprising the foreign exchange market.
Wednesday, 29/10/2014 | 19:22 GMT by
Victor Golovtchenko
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