GOLD Gold is shining with the spot price closing in on its 7-year-high at $1,700. Bullion rallied after the announcement…
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Weekly overview: Asian shares rise to one-year high
Asian stocks climbed to one-year highs on Monday. The Australian dollar also rose as investors’ hunt for yield gathered momentum…
Read MoreGBPUSD drops below 1.28 as British Pound slide continues
Sterling sinks to new depths on Brexit anxiety, dropping to new 31 year lows around the 1.2800 level against the…
Read MoreAussie crushed on CPI miss, AUDUSD down 1.7% Wednesday
John Hardy, Head of FX Strategy at Saxo Bank, takes a look at today’s steep drop in the Australian Dollar…
Read MoreAsia Pacific Stock Exchange enters into MOU with China Beijing Equity Exchange
APX Chief Operating Officer, David Lawrence: “A critical facilitator of capital flows between Australia and China will be a trading and settlement platform allowing APX listed securities to be traded (and settled) in both Australian and Renminbi denominations.”
Read MoreNFA raises (more) Forex margin requirements – on Yen, AUD, RUB, Real and Peso
With effect from 5.00pm EST on Monday January 26, minimum security deposits of between 3% and 20% will apply to 5 currencies, which in accordance with NFA ruling, should be collected and maintained by Forex Dealer Members
Read MoreEast meets West! Sydney becomes renminbi trading hub with official clearing arrangements
Chinese authorities have thrown the gauntlet open by establishing an official yuan clearing hub in Sydney, giving increased hope to Western market participants wishing to do business in China
Read MoreYuan made easier to use as Australia’s ASX and Bank of China ink deal
Trade and business ties to strengthen further after the implementation by mid-2014 Major Australian stock exchange ASX has issued a…
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