August 11, 2014 BY Gerald Segal

US Retail FX Assets drop to multi year low in June

LeapRate Exclusive... LeapRate had learned from updated CFTC data that cash held in US retail forex trading accounts fell to a multi-year low in June 2014. Total clients assets were $591 million, down 2% from May's $599 million. Looking  back a while, the US retail forex industry has shrunk more than 20% from year end…

Read more
August 11, 2014 BY Mike Fox

INTL FCStone announces that its Board of Directors has appointed Edward J. Grzybowski as new Director

INTL FCStone (NASDAQ:INTL), a leader in the development of specialized financial services in commodities, global payments, foreign exchange, securities and other markets, today announced that its Board of Directors has appointed a new Director, Edward J. Grzybowski. His name will be included on the slate of Directors that will be voted on at INTL FCStone's…

Read more
August 11, 2014 BY Mike Fox

South Korea: RMB deposits hit record high while USD declines

In a telling info-graphic from the Korea Herald, they point to the high interest rates that RMB deposits are paying thus creating a higher demand for holding accounts denominated in renminbi rather than low interest paying currencies such as the dollar. In South Korea, renminbi deposits amounted to $16.2 billion according to the central bank,…

Read more
August 11, 2014 BY Mike Fox

SWISSQUOTE Daily Technical Report: GBP/USD still bearish

In SWISSQUOTE’S Monday short term technical trading report, the research team outlines the major technical levels of popular currency instruments with forecasts, below is the outline for GBP/USD and EUR/USD. Download the full report by clicking here. GBP/USD: Still bearish • GBP/USD remains weak, as can be seen by the recent new lows (1.6786 intraday) below the…

Read more
August 11, 2014 BY Mike Fox

Dubai Gold and Commodities Exchange (DGCX) volumes grow 18% in July

Trading volumes in the Dubai Gold and Commodities Exchange (DGCX) grew 18% in July from previous month, trading 992,061 contracts, valued at US$ 29.95 billion. DGCX Gold Futures traded 39,536 contracts in July, growing 15% year-on-year and 10% month-on-month. The metals segment grew 24% year-on-year with Silver futures witnessing year on year growth of over…

Read more