September 19, 2014 BY Mike Fox

SGX boosts offering with 3 new FX contracts

The Singapore Exchange (SGX) is adding new Asian foreign exchange futures contracts on the Chinese yuan, Japanese yen and Thai baht, to further augment its successful suite of forex offerings. The new Asian FX contracts will be available for trading from Oct 20th. The expanded suite is in line with G20 recommendation to encourage trading…

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September 19, 2014 BY Mike Fox

September 19th Weekly Westpac Aussie FX Video News

The Aussie dollar hit 6 month lows under 0.90 after the US Federal Reserve meeting where officials raised their forecast for the key interest rate. But perhaps more important for AUD were policy developments in China where we believe many in the market got the story wrong. Domestic events took a back seat for AUD…

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September 19, 2014 BY Mike Fox

Swissquote Daily Technical Report: USD/JPY - Rushing towards the major resistance at 110.66

In Swissquote’s Friday short term technical trading report, the research team outlines the major technical levels of popular currency instruments with forecasts, below is the outline for USD/JPY and GBP/JPY. To view and download the entire report, click here (PDF). USD/JPY: Rushing towards the major resistance at 110.66. • USD/JPY continues its steep advance and…

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September 18, 2014 BY Mike Fox

ForexClear expands range of cleared currencies

LCH.Clearnet Ltd, the global clearing house, has expanded the range of currencies cleared through ForexClear to include Peruvian Nuevo Sol. The move is in response to member and client demand. This addition brings to twelve the currencies now available, enabling over 95% of the non-deliverable forward (NDF) market to be cleared, including: Brazilian Real, Russian…

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September 18, 2014 BY Mike Fox

Swissquote Daily Technical Report: Gold - Drifting lower

In Swissquote’s Thursday short term technical trading report, the research team outlines the major technical levels of popular currency instruments with forecasts, below is the outline for USD/JPY and Gold. To view and download the entire report, click here (PDF). USDJPY: Pushing higher • USD/JPY has confirmed its underlying uptrend by making new highs. The…

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