UK pound is making progress against many of its major counterparts, thanks in part to the economic data coming out of that country, and with the help of the release of the minutes from the last Federal…
Posts published in November 2013
More Weakness for the Canadian Dollar
The Canadian dollar continues to weaken. Evidence of economic slowing is weighing on the loonie, and there is speculation that the Bank of Canada will decide to cut interest rates at some point in the near future…
Aussie Drops on Threat of Intervention
The Australian dollar slid today on the treat of an intervention from the central bank. Policy makers think that the Aussie remains too strong despite the recent drop. Reserve Bank of Australia Governor Glenn…
Swiss Franc Gains as Economic Expectations Improve
The Swiss franc gained today as economic expectations continued to improve. The currency maintained the rally even as members of the central bank are convinced that the cap on the Swissie should be kept in place. The ZEW-CS-Indicator…
Exclusive: One on One With Saxo’s Kim Fournais – Social Trading Launch, Networking, and More
In this week’s Executive Interview, Forex Magnates had the privilege to sit down with Kim Fournais, Co-Founder and Co-CEO of Saxo Bank, for a video…
Business As Usual Says FXDD Management Despite Layoffs
Senior management at leading US broker, Forex Direct Dealer (FXDD), have informed Forex Magnates that despite a substantial number of layoffs, it’s business as usual.…
Euro Climbs as Draghi Refuses to Talk About Negative Rates
The euro jumped against the US dollar and the Japanese yen today on signs that the head of the European Central Bank does not consider implementing negative interest rate yet. The currency sank versus…
Broadridge Financial Announces Synergy with TwoFour Systems to Offer Solutions for FX
New York based provider of investor communications and technology-driven solutions for broker-dealers, banks, mutual funds and corporate issuers globally, , has today announced that together…
Dollar Mixed on Prospects for Fed Tampering & Poor Data
The US dollar weakened against the euro and the Great Britain pound today after yesterday’ rally. At the same time, the currency managed to reverse yesterday’s drop versus the Japanese yen. The dollar strengthened on the previous…
Dollar Volatility Keeps Rupee Activity in the Limelight
Emerging market currencies have been the talk of the year after certain crosses have been on the back burner against the world’s reserve currency, the…