Mike Fox
LeapRate Analyst
August 22, 2014 BY Mike Fox

S. Korea's Forex trading volume reduces in Q2 amid low volatility

South Korea's foreign exchange trading volume reduced in the second quarter of this year as the won-dollar exchange rate moved in a narrow range, central bank data showed Friday. Daily average turnover in the foreign exchange market was 44.77 billion US dollars for the three months ended June 30, down 0.7 percent from the prior…

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August 21, 2014 BY Mike Fox

FCA issues another clone warning: AMT Markets ripped off

Fraudsters are using the details of firms the FCA authorizes to try to convince people that they work for a genuine, authorized firm. With a number of bogus websites attempting to dupe customers, not only regulators but actual firms are warning too. Yesterday, Alpari issued a public warning to potential investors to clarify no connection…

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August 21, 2014 BY Mike Fox

Swissquote Daily Technical Report: GBP/USD - Selling pressures remain strong

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 GBP/USD and USD/JPY. To view and download (PDF) the entire report, click here. GBP/USD Selling pressures remain strong • GBP/USD made an intraday bearish reversal yesterday, confirming persistent selling pressures.…

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August 20, 2014 BY Mike Fox

Banks, funds agree on wider window for FX fix

Banks and asset managers are ready to support an extension of the one-minute window used to set currency market benchmarks, documents showed on Wednesday, but most are concerned by the risks involved and divided on how much of an extension.

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