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Zimbabwe to Clear Forex Backlog in 45 Days
5.8.2021
On Wednesday, a top Treasury official announced that Zimbabwe would settle pending allocations of Forex owing from auctions by the central bank within 45 days, with merchants and companies anticipating a $200 million shortfall. Last year, the bank began holding foreign currency every week to boost...
Ultimate Fintech 2021: XM Wins Best Trading Experience Award
4.8.2021
XM is showcasing its market worth with back-to-back awards at prestigious events. The company recently won the Best Trading Experience award at the Ultimate Fintech 2021 ceremony. The award came shortly after XM scored the Best Retail Forex Broker award at Global Forex Awards. The year has served...
Saxo Bank Grabs Two Major Awards at e-FX Awards
3.8.2021
Saxo Bank grabs two awards: “Best Retail FX Platform” and “Best Prime of Prime Broker” at the prestigious e-FX Awards by FX Markets for the second consecutive year. Saxo, a two-time award winner, has consistently been recognized in mentioned categories, winning e-FX awards...
Nigerian Central Bank Stops Forex Sales to Bureaus de Change — Operators Accused of Feeding Black Market
28.7.2021
The Central Bank of Nigeria (CBN) recently announced the abrupt end to sales and outsourcing of foreign exchange to Bureau de Change (BDC) operators after accusing them of failing to stick to their core mandate. Instead of providing forex to retail users, BDCs are believed to be supplying...
Indian regulator probes crypto exchange for alleged forex law violations
19.7.2021
The Directorate of Enforcement issued a show-cause notice to the crypto exchange for allowing clients to transfer cryptocurrencies without following the law of the land
Forex Shortages Force Nigerian Corporates to Turn to Parallel Market
13.7.2021
Nigeria’s ongoing shortage of foreign exchange is forcing corporates and businesses to source this resource on the parallel market, a former official with the Lagos Chamber of Commerce and Industry (LCCI) has said. According to Muda Yusuf, who is the previous director-general at LCCI, these...
Chinese Banks Received $1t in Forex Deposits in May
25.6.2021
According to the People’s Bank of China’s announcement, foreign exchange deposits in China have crossed the $1 trillion mark for the first time. Economists believe that this will give the Chinese government a lot more freedom to allow the outflow of capital from the country. A major reason for this...
Kenya Relies on Labor Commodities for Forex Profits
22.6.2021
To amplify Forex profits, The Trade Principal Secretary representative of Kenya declared that the administration bodies have decided to strengthen the payments of the diaspora community through labor trades. The business plan for Forex aims to enhance the structure of the diaspora payments from...
BoC Governor Says Complete Recovery to Take Time
17.6.2021
Bank of Canada Governor Tiff Macklem speaking before the Standing Senate Committee on Banking, Trade and Commerce on Wednesday, said that through the pandemic, the two main goals of restoring the functioning of the financial markets and ensuring credit flow had been met. The focus had now shifted...
After Central Bank Devalues Naira by 5% Finance Minister Attributes Drop to ‘Market Forces’
14.6.2021
Nigerian Finance Minister Zainab Ahmed has denied widespread reports that the Central Bank of Nigeria (CBN) had sanctioned the devaluation of the local currency sometime in May 2021. Instead, she attributes the naira’s fall to the “volatility in the oil price.” Ahmed’s...
Nigeria’s Naira Loses Ground on Forex Black Market Just a Few Days After Devaluation
28.5.2021
The Nigerian naira currency lost further ground against major currencies after it depreciated to 493 nairas for one dollar on the black market on May 25, 2021. Before the latest depreciation, the currency had stabilized at around 485 nairas to the dollar. This was shortly after the exchange rate...
A Forex Broker Transfers 1,200 BTC Belonging to the Mirror Trading International to a South African Liquidator
1.4.2021
Fresh reports from South Africa suggest that a total of 1,200 bitcoins belonging to the now-defunct Mirror Trading International (MTI) were recently transferred from FX Choice to an appointed liquidator. The reports add the transfer had been sanctioned by the Financial Sector Conduct Authority...
FXTB Is the Premier Platform for Bitcoin CFD Trading
31.3.2021
Bitcoin’s meteoric rise has inspired many forex and CFD traders to seek a new broker that will offer them access to the crypto market. FTXB, as the premier online platform for CFD trading, is a great place for you to start trading on bitcoin and many other crypto pairs. FXTB Offers CFDs...
Forex and crypto investors seek thrills and social status, says FCA study
23.3.2021
A new study commissioned by the United Kingdom's Financial Conduct Authority found that the profile of cryptocurrency traders skews towards thrill-seeking, trading on gut “instinct.”
Evotrade.com - A Reliable Forex Broker
19.3.2021
Disclaimer: The text below is a press release that was not written by Cryptonews.com.
Evotrade is a fairly new broker that has already helped thousands of traders make their first steps into trading on the financial markets. The broker has managed to recommend itself as an innovative online broker...
Bitcoin’s Big Drop Again Coincides With Dollar Bounce in Forex Markets
11.1.2021
Bitcoin's crash Monday came alongside a bounce in the Dollar Index
What is a Professional Forex Trading Software?
24.12.2020
Introduction Foreign exchange trades test the abilities of the investors at every step of the trade. The sophisticated nature of forex trading makes it difficult for people to become successful in trading currency pairs. A new trader in the forex market needs to learn extensively about the forex...
How to Use Market Profile in Forex
24.12.2020
Financial markets are subject to change now & then. Therefore, for trading in a financial market, one needs a proper understanding of the blend of analysis and effective trading tools implementation like market profile. So, let’s find out, what does market profile mean? A market profile...
The Complete Guide on How to use Forex Calendar
24.12.2020
Forex trading involves the buying and selling of currency pairs for profits over a short time. Trading differs from investments as the former is driven by the fluctuations in the currency markets. Moreover, economic events may create fluctuations in the Forex market, and tracking them is imperative...
Forex Card Vs. Debit Card – Which One Is Better?
24.12.2020
Travelling abroad with a lot of cash in your wallet is no longer considered safe, as it is inconvenient for travelers. Getting a prepaid travel card or a forex card from a bank is a much safer and cheaper option when travelling abroad. Forex cards are globally accepted means of carrying foreign...