FXCM announced that it will be assuming the retail client accounts of Alpari US, in a notification issued today. The listed firm was chosen by…
Posts published in September 2013
UK government threatens credit card restrictions on Adult websites
Proposals to block credit card payments from porn websites that do not prohibit under-age viewing is to be discussed in next month’s summit. According to…
Pound Unable to Maintain One-Way Movement to Upside
The Great Britain closed lower today despite another positive economic report that added to evidences of recovery in the United Kingdom. Forex traders were concerned that the currency was going too…
Alpari US Speaks-Out About its New Strategy for the US Market
In an exclusive report published earlier today, about Alpari US’s departure from the domestic market, an official response has been provided by members of the…
Loonie Retreats with Slowing Consumer Inflation
The Canadian dollar dropped today as growth of consumer prices slowed, giving the central bank no incentive to tighten its monetary policy. The currency was also falling on speculations that the previous rally…
Exclusive: Alpari to Exit US Market
Forex Magnates has learned that Alpari is exiting the US market, and will be withdrawing its FCM registration with the NFA. According to sources, US…
Euro Gets Help from Improved Morale
Euro is getting a little help today, thanks to improved morale in the eurozone. Even though the 17-nation currency is struggling against the US dollar, the euro is higher against some of its…
US Dollar Slightly Higher on Speculation of “Octaper”
US dollar is a little bit higher today. Some traders are looking at the recent and positive US data, and others are considering the Federal Reserves somewhat surprising decision earlier this…
Indonesian Rupiah Struggles to Keep Gains
The Indonesian rupiah was another Asian currency that profited from the Federal Reserve announcement, but is moving down right now on speculations that the rally was overdone. The Fed shocked…
Malaysian Ringgit Head to Best Week Since 1998
The Malaysian ringgit fell today, but still headed to the best weekly rally since 1998 as absence of quantitative easing tampering from the Federal Reserve spurred riskier currencies of emerging markets. The Fed’s…