As online services and stores are becoming more common, and more and more consumers are deciding to use these outlets for their buying needs over…
Posts published in October 2013
Adobe Hackers abduct credit card details of 3 million customers
The discovery of a system invasion reveals the theft of credit card data and source codes. According to Brad Arkin, chief security officer at Adobe,…
BitPay adds 150 currencies and 10 languages to checkout
Bitcoin payment processing provider extends its translations to 10 new languages for merchant acceptable of bitcoin from foreign customers. “The European market for bitcoin adoption…
Week of US Government Shutdown, Not That Bad for Dollar
This week had a significant impact on the Forex market as the US government experienced a partial shutdown. The US dollar was falling because of this event, which overshadowed other news. Yet by the weekend…
US Dollar Ends Week Mixed
The US dollar ended the week mixed, rising against some currencies and falling against others, as Forex traders were trying to assess the damage the partial US government shutdown will cause to the economy.…
Pound Ends Week with Sharp Drop
The Great Britain pound slumped on Friday and slumped hard. There were not many fundamental reasons for such sharp drop and Forex market analysts were speculating that the currency has just…
FINMA Ready to Bark and Bite: Investigates FX Market Manipulation by Swiss Institutions
The Swiss financial watchdog or Swiss Financial Market Supervisory Authority (FINMA), may be preparing to flex its jaw following the announcement that it’s currently investigating several…
Copenhagen-based Saxo Bank reported September figures showing decreased trading volumes month-over-month (MoM), despite higher customer deposit levels for the period. Daily average trading volumes fell slightly…
China’s Growth Benefits Taiwan Dollar
The Taiwan dollar strengthened yesterday as signs of robust economic growth in China was helping Asian currencies, attracting investors to the region. The latest PMI reports, both manufacturing and non-manufacturing, were quite good,…
Yen Stronger as BoJ Sees Economy Recovering
The Japanese yen was almost flat versus the US dollar today, but rose against other major currencies, like the euro and the Great Britain pound, after the Bank of Japan left its…