Sat, 23 May 2015 15:31:45 GMT
Citigroup to sell online FX trading platform
FXCM filed an 8K form with the US Securities and Exchange Commission that the company would "assume the vast majority of margin forex accounts of CitiFX Pro from Citibank N.A. and Citibank International Limited, which traded over $30 billion on average ...
Sat, 23 May 2015 15:28:02 GMT
Pakistan cuts rates 100 bps as inflation continues to fall
Pakistan's central bank effectively cut its policy interest rates by 100 basis points and narrowed its rate corridor by 50 points to 200 basis points as inflation continues its downward trajectory and economic conditions improve, including a smaller current ...
Sat, 23 May 2015 11:55:07 GMT
Forex reserves rise $1.7 billion during the week ended May 1
India's forex reserves have risen by close to 435 billion since the beginning of January'15. The build-up in reserves has helped to improve Import cover to over eight months' import, from less than seven months in FY'13. An import cover of 8-10 months is ...
Sat, 23 May 2015 02:04:00 GMT
A surge from the Dollar to close this past week has put many of the 'majors' on the verge a reviving a long-term trend.
Sat, 23 May 2015 02:00:00 GMT
There is little doubt in the market consensus that the Fed will be the first major central bank to hike rates, and that will maintain a long-term bid for the Dollar.
Sat, 23 May 2015 00:28:00 GMT
Gold prices are softer going into the final full week of May, with the precious metal off by more than 1.5% to trade at 1203 ahead of the New York close on Friday.