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Black Market Currency Trade Thrives In Ethiopia as Economy Tanks - Bloomberg

[unable to retrieve full-text content] Black Market Currency Trade Thrives In Ethiopia as Economy Tanks    Bloomberg

How To Make Money Trading Online - FXCM

[unable to retrieve full-text content] How To Make Money Trading Online    FXCM

Pound to Canadian Dollar Week Ahead Forecast: Risk of All Time Lows - Pound Sterling Live

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GBP/CAD at risk of fall to all-time low near 1.4090 post-BoE decision BoE could hit Bank Rate ball out of park but GBP still risks a drubbing Negative real yields & UK's deficit funding considerations likely drivers Possible top for Fed cycle could lift CAD & amplify GBP/CAD's losses  Canadian CPI data also in focus with uncertain implications for Loonie Image © Adobe Stock The Pound to Canadian Dollar exchange rate has shown signs of stabilising of late but may now be on the cusp of lurch toward all-time lows if the author is right about how the market might be likely to respond to any exceptionally large interest rate rise from Bank of England (BoE) this Thursday. Sterling edged higher against the Canadian Dollar to open a holiday-shortened week and remained comfortably above the 12-year lows reached almost a fortnight previously although there is a risk it could be seen falling heavily if the BoE hits the Bank Rate ball out of the...

Panic of 1907 - International Banker

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A lso known as the Knickerbocker Crisis, the Panic of 1907 was the 20 th century's first global financial crisis and took place in the United States in October and November of that year, during which time a series of depositor runs—that is, a large number of customers withdrew their deposits at the same time over concerns over their banks' solvency—occurred at several banks in New York and other American cities, and a crash at the New York Stock Exchange saw a near-50-percent decline from its previous year's peak. Indeed, the crisis was so severe that it deepened an already biting recession to a degree that has been surpassed only by the Great Depression since then. The San Francisco earthquake of April 1906 triggered massive losses and substantial payments from British insurers, forcing the Bank of England (BoE) to raise its discount rate to stem the flow of gold from the United Kingdom to the US. The US raised its own interest rates in response, which created a liquidi...

10 Best Forex Trading Apps for September 2022 - Business 2 Community

[unable to retrieve full-text content] 10 Best Forex Trading Apps for September 2022    Business 2 Community

GBP/AUD Exchange Rate Buoyed by UK Inflation Data - TorFX News

The Pound Australian Dollar (GBP/AUD) exchange rate peaked last week as UK inflation printed below forecasts, easing cost-of-living concerns. Into this week, dovish minutes from the Reserve Bank of Australia (RBA)'s latest policy meeting are subduing the Australian Dollar (AUD). What's Been Happening: Sterling Faces Mixed Trading Stimuli Geopolitical tailwinds buoyed GBP/AUD at the beginning of last week, as the Ukrainian military managed to recapture several of the country's key transport hubs, boosting market mood. Meanwhile, upbeat Australian confidence data was unable to bolster the 'Aussie', as widespread risk aversion capped gains for risk-sensitive currencies. On Tuesday, a mixed employment report lent initial tailwinds to the Pound, as UK unemployment hit a 48-year low. On the other hand, real wages fell and economic inactivity was shown to have increased. Midweek, Sterling trended up as headline inflation in the UK printed below forecasts while co...

USD/HKD to tick down in the short-term, with scope for a test of 7.82 – TDS - FXStreet

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The Hong Kong dollar (HKD) has been under pressure trading around the weak end of its convertibility undertaking (7.75-7.85) vs. USD consistently since early May. Economists at TD Securities expect the USD/HKD pair to test 7.82 in the near-term. HK to eventually align the exchange rate with the CNY "We think there is scope for USD/HKD spot rate to move lower in the short term, with scope for a test of 7.82." "The currency board mechanism means that Hong Kong will not escape higher rates and likely ongoing bouts of pressure on the HKD especially as the Fed continues to tighten policy." "We still think its highly unlikely that the HKMA dismantles the peg mechanism anytime soon. However, we maintain our view that eventually Hong Kong aligns the exchange rate with the CNY though we still think this is a long way off and only likely as China moves more significantly towards capital account convertibility."