CBN Raises Banks' Net Forex Trading Position to 0.5%

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The central bank in its latest circular titled: "Utilisation of RDAS and interbank funds/review of the foreign exchange trading positions of banks," stated that the net foreign exchange trading position has been reviewed from 0.1 per cent of …

BNY Mellon, State Street get profit boost from forex trading

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(Reuters) – BNY Mellon Corp and State Street Corp, the world's two largest custody banks, said on Friday their fourth-quarter profits got a boost from a surge in volume and volatility in foreign currency markets. Foreign exchange revenue at New York …

Diana Clement: Swiss shock shows forex trading dangers

Some private forex traders who use the services of dealers will be badly stung. In technical terms, says Cooper, the Swiss franc usually moves fewer than 20-30 "pips" (a measure of the change in the exchange rate for a currency pair) a day. When it was …

Regulators Boost Margin Requirements on FX Trades

The National Futures Association, the agency responsible for policing the futures industry, said it would temporarily require investors to put down additional cash when they enter into currency trades involving the Swiss franc. The move will require …

Risk in your forex trading

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On the back of the SNB decision, a lot of traders were hurt as a result of too much risk, or not understanding the risks they faced. In this webinar, Greg Michalowski, Director of Client Education and Technical Analysis for ForexLive.com, and author of …